65A - AMCAL INCLUSIONARY FEES - Laserfiche WebLink

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October 6, 2015 Kelly Reenders, Executive Director Community Development Agency 20 Civic Center Plaza P.O. Box 1988 Santa Ana, CA 92702 Re: Heritage Village - In Lieu Fee Payment Dear Ms. Reenders: As you know, the Heritage project is in the process of obtaining entitlements and anticipated to be go before the Planning Commission on October 12, 2015. As part of the entitlements, the Heritage project is required to satisfy the City's inclusionary housing requirements pursuant to the Housing Opportunity Ordinance (HOO), as recently amended and adopted by the City Council on Tuesday, September 1, 2015. As part of the menu of options available under the HOO, we plan on paying an in lieu fee to satisfy the City's inclusionary housing requirements. As stipulated in the new HOO, the developer may provide input regarding what project the in lieu fees should be applied towards. We are writing to request that the in lieu fee payment for the Heritage project be applied towards the AMCAL Multi- Housing, Inc. (AMCAL) project located at 1440 East First Street in Santa Ana ( "First Street Apartments "). We request that the in lieu fee payment being made by the Heritage project be used to fund an important project for Santa Ana, namely the First Street Apartments Project. It is important to note that the First Street Apartments Project is a financially feasible transaction that will be built and financed within a timeframe that compliments the Heritage project. Given the progress made thus for on First Street Apartments, we see an opportunity to partner with AMCAL and fast track the development of affordable workforce rental housing in Santa Ana. AMCAL's successful track record is well known locally, including in Santa Ana. Vista del Rio, recently completed by AMCAL, is a successful award - winning project located in Santa Ana that represents the high level of quality and design that we want to see in the City. We have also meet with AMCAL and provided design and other input on the First Street Apartments Project and are very confident that it will be an attractive, well constructed project that will no doubt be an asset to the community. The Heritage project's benefits to the City and the community are noteworthy and include over 98,000 square feet of retail and office space, hundreds of new jobs and multi- EXHIBIT 1 1945 PORT CreLren PLACE -NEWPORT BEACH - CA- 92660 65A -7