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First Amendment to Development Agreement No. 2015-03 — Heritage Village Mixed -Use <br />Development at 2001 East Dyer Road <br />December 20, 2016 <br />Page 2 <br />in in -lieu fees will be paid as permits are issued for each subsequent phase of development. <br />Table 1, below, provides a breakdown of the inclusionary housing fees and the approximate date <br />of payment of the fees. <br />Table 1 <br />Inclusionary Housing Fees for Heritage Village <br />Project Phase <br />Estimated Fee <br />Estimated Payment Date <br />Phase 1 <br />$2,700,000 <br />January 2017 <br />Phase 2 <br />$3,250,000 <br />Summer 2017 <br />Phase 3 <br />$3,700,000 <br />Winter 2017 <br />Total <br />$9,650,000 <br />N/A <br />After receiving public testimony and deliberating the merits of the applicant's request, the <br />Planning Commission stated their desire that the applicant comply with the terms of the Housing <br />Opportunity Ordinance. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #5 - Community Health, Livability, <br />Engagement and Sustainability, Objective #3 (facilitate diverse housing opportunities and support <br />efforts to preserve and improve livability in Santa Ana neighborhoods). <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />Hassan HagAni, AICP <br />Executive Director <br />Planning and Building Agency <br />VF:rb <br />vAreporta\The Heritage\Amend DA15-03.m <br />Exhibit: A. Planning Commission Staff Report <br />75B-2 <br />