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25A - AGMT - HERITAGE VILLAGE INCLUSIONARY
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25A - AGMT - HERITAGE VILLAGE INCLUSIONARY
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Last modified
3/31/2016 4:11:39 PM
Creation date
3/31/2016 2:54:55 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
25A
Date
4/5/2016
Destruction Year
2021
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Inclusionary Housing Agreement — Heritage Village OC, LLC <br />April 5, 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 $9,695,725,60 may be received in Fiscal Year <br />2016/17 when the developer pulls permits for the project. Upon receipt, the revenues will be <br />deposited into the Inclusionary Housing Fund revenue account (no. 41718002- 57896). <br />Kelly Reenders <br />Executive Director <br />Community Development Agency <br />Exhibits: 1. Location Map <br />2. Inclusionary Housing Agreement <br />3. Developer Input Letter <br />NV /JB <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Francisco Gutierrez 51� <br />Executive Director <br />Finance and Management Services Agency <br />25A -2 <br />
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