City Council

23.\nDensity Bonus Agreement No. 2023-01 to facilitate the construction of a rental\nresidential development consisting of fifteen apartment units, with one unit\nproposed as affordable to very low-income households.\nDepartment(s): Planning and Building Agency\nRecommended Action:\n1. Adopt a resolution approving Density Bonus Agreement No. 2023-01 as\nconditioned.\nRESOLUTION NO. 2023-XXX entitled A RESOLUTION OF THE CITY\nCOUNCIL OF SANTA ANA APPROVING THE DENSITY BONUS\nAGREEMENT NO. 2023-01 AS CONDITIONED FOR A NEW RENTAL\nRESIDENTIAL DEVELOPMENT WITH FIFTEEN UNITS FOR THE\nPROPERTY LOCATED AT 1212 E. FOURTH STREET (APN: 398-385-02)\n2. Authorize the City Manager to execute a Density Bonus Agreement with\nUnison Real Estate Group, LLC, for a 55-year term, for a rental residential\ndevelopment consisting of fifteen apartment units, with one unit proposed as\naffordable to very low-income households, at 1212 E. Fourth Street, subject to\nnon-substantive changes approved by the City Manager and City Attorney.