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C.It accommodates the required affordable units. It will accommodate the proposed 75 affordable units which is 3 times more than the 25 affordable units required. D.It is consistent with the Housing Element, General Plan, and Zoning. See Attachment 4. E. It will not cause residential segregation because 100% of the units will be affordable and they will be located adjacent to other multi family residential and high density residential uses that are served by nearby neighborhood serving commercial uses. C. Adequate Size The Land Donation Site is approximately 0.54 acres (23,363 sq. ft.), and is sufficient size to accommodate 75 affordable units based on the current zoning of the site. This meets the requirement that the site accommodate the greater of: 40 units (excluding any replacement unit obligations) or at least 27 units which is 110% of the 25 affordable units that otherwise would be required based on the current zoning of the site. D. Value of Substitute Site The value of the Substitute Site to be donated is $9,880,000 which is greater than the $5,773,437 Impact Fee calculated based on the amount of the fees due on date the entitlements for the Lane Project was approved. E. Site Control As evidenced in the Purchase and Sale Agreement for the Substitute Site dated September 11, 2025 separately submitted to the City, Lane has site control of the Substitute Site. F. Title Report As evidenced in the preliminary title report for the Substitute Site prepared by First American Title Company dated March 24, 2026 submitted separately to the City, the site has a “clear” title report and will not be encumbered by any lien securing the repayment of debt or any other security instrument at the time of transfer to Eden. G. Property Transfer Lane will transfer the Substitute Site to Eden who will develop, own and operate the affordable housing development on the Substitute Site consistent with this Affordable Housing Plan. Lane and Eden will ensure that the transfer includes the following: •Recordation of an affordable housing restrictive covenant that includes one or more of the following be provided to the City - right of reverter, right of first ATTY/RESO.0052/ CC RESO APPROVING SUBSTITUTE SITE AS AFFORDABLE HOUSING SITE (705 VETERANS)(1900 BROADWAY DA) - EXHIBIT 1 REV: 07-21-26 MI Page 10 of 53