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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />NOVEMBER 7, 2017 <br />TITLE: <br />APPROVE AN INCLUSIONARY HOUSING <br />AGREEMENT WITH SHEA HOMES <br />LIMITED PARTNERSHIP FOR A PROJECT <br />TO BE LOCATED AT 2001 WEST <br />MACARTHUR BOULEVARD, SANTA ANA, <br />CALIFORNIA 92704 <br />{STRATEGIC PLAN NO. 5, 3B} <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1" Reading <br />❑ Ordinance on 2ntl Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />,..., FILE NUMBER <br />MANAGER <br />RECOMMENDED ACTION <br />Authorize the City Manager and Clerk of the Council to execute an Inclusionary Housing <br />Agreement with Shea Homes Limited Partnership, a California Limited Partnership, in an amount <br />not to exceed $1,727,055, subject to non -substantive changes approved by the City Manager and <br />City Attorney. <br />COMMUNITY REDEVELOPMENT AND HOUSING COMMISSION RECOMMENDATION <br />At their Regular Meeting on October 25, 2017, by a vote of 4:0 (De Leon, Ramos and Santana <br />absent), the Community Redevelopment and Housing Commission recommended that the City <br />Council authorize the City Manager and Clerk of the Council to execute an Inclusionary Housing <br />Agreement with Shea Homes Limited Partnership, a California Limited Partnership, in an amount <br />not to exceed $1,727,055. <br />DISCUSSION <br />The Housing Opportunity Ordinance ("Ordinance") encourages the development of affordable <br />housing by requiring the inclusion of affordable units within developments that involve either an <br />increase in the density otherwise available under applicable zoning and development standards; <br />a change in land use designation from a zoning regulation that does not permit residential uses to <br />one that does permit residential uses; or the conversion of rental units to condominium <br />ownership. This ordinance applied to all projects entitled after November 2011. Developers have <br />the option to pay an in -lieu fee based on the habitable square foot of the project to satisfy the <br />Ordinance requirements. <br />2513-1 <br />