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Inclusionary Housing Agreement — The Line <br />February 16, 2016 <br />Page 2 <br />efforts to preserve and improve the livability of Santa Ana neighborhoods), Strategy B (Ensure <br />compliance with the City's Housing Opportunity Ordinance by requiring rental and ownership <br />housing projects that meet specified criteria provide a minimum of 15% affordable units). <br />FISCAL IMPACT <br />It is anticipated that funds in the amount of $1,221,437.20 may be received in FY 2015/16 when <br />the developer pulls permits for the project. Upon receipt, the revenues will be deposited into the <br />Inclusionary Housing Fund revenue account (no. 41718002 - 57896). <br />Kelly Red. ds <br />Executive Director <br />Community Development Agency <br />Exhibits: 1. Location Map <br />2. Inclusionary Housing Agreement <br />NV /JB <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />A: � <br />Francisco Gutierrez <br />Executive Director <br />Finance & Mgt. Services Agency <br />25A -2 <br />