HomeMy WebLinkAboutTPFA MINUTES 2008 01 28MINUTES OF THE SPECIAL MEETING
OF THE CITY COUNCIL AND
THE TUSTIN PUBLIC FINANCING AUTHORITY
TUSTIN, CALIFORNIA
JANUARY 28, 2008
CALL TO ORDER MEETING #2180AT 3:02 P.M.
ATTENDANCE
Present: Mayor Jerry Amante; Mayor Pro Tem Doug Davert; and
Councilmembers Lou Bone; Tony Kawashima; and Jim Palmer
Absent: None
City Clerk: Maria R. Huizar, Chief Deputy City Clerk
Others Present: William A. Huston, City Manager and Doug Holland, City Attorney
PUBLIC INPUT -None
JOINT ITEM OF THE CITY COUNCIL AND
TUSTIN PUBLIC FINANCING AUTHORITY
TUSTIN LEGACY COMMUNITY PARTNERS, LLC (TLCP) WAIVER REQUEST OF
CERTAIN PROVISIONS OF THE DISPOSITION AND DEVELOPMENT
AGREEMENT (MASTER DEVELOPMENT) BETWEEN THE CITY OF TUSTIN,
TUSTIN PUBLIC FINANCING AUTHORITY AND TUSTIN LEGACY COMMUNUTY
PARTNERS "TLCP" AND REQUESTING CONCURRENCE ON PROPOSED
HOTEL PRODUCTS WITHIN NEIGHBORHOOD D OF THE TUSTIN LEGACY
PROJECT
A request has been received from TLCP for the City to waive provisions of Section
8.7.4 of the Disposition and Development Agreement (Master Developer) between
the City and TLCP to permit Vertical Builders to enter into binding sale and rental
agreements prior to Master Association Documents being in place and prior to
approval of an applicable Sector B Final Map.
Christine Shingleton, Assistant City Manager, reported that this item had been
continued from the January 18, 2008 Special Meeting. There were minor
alternations made to the previous letter provided to Council. Developer is in
agreement with letter. Correction to letter, section 3.f. to read "The Master
Association documents in the form approved by TLCP and City only, must not be
subordinate to any Olson transaction.."
Joint Meeting of the City Council and Tustin Public Financing Authority January 28, 2008
Minutes page 1 of 2
Motion: It was moved by Mayor Pro Tem Davert, seconded by Councilmember
Bone, to approve Request for Waiver between the City of Tustin, Tustin Public
Financing Authority and developer, TLCP. Motion carried 5-0.
ADJOURNED - 3:04 P.M.
JERRY AMANTE,
Mayor
PAMELA STOKER,
City Clerk
Joint Meeting of the City Council and Tustin Public Financing Authority January 18, 2008
Minutes page 2 of 2