HomeMy WebLinkAbout13 DDA 2012-002, TUSTIN LEGACY DISPOSITION PACKAGE 1A-NORTH (ST. ANTON PARTNERS)1ZY O
AGENDA •
MEETING DATE:
TO:
=605
OCTOBER 16, 2012
JEFFREY C. PARKER, CITY MANAGER
Agenda Item 13
Reviewed: /�
City Manager
Finance Director /A
ELIZABETH A. BINSACK, COMMUNITY DEVELOPMENT DIRECTOR
SUBJECT: DISPOSITION AND DEVELOPMENT AGREEMENT (DDA) 2012 -002, DEVELOPMENT
AGREEMENT (DA) 2012 -002, CONCEPT PLAN (CP) 2012 -003, DESIGN REVIEW
(DR) 2012 -005, DENSITY TRANSFER, DENSITY BONUS, AND CONCESSIONS OR
INCENTIVES AUTHORIZED UNDER TUSTIN CITY CODE SECTION 9123 RELATED
TO THE PROVISION OF AFFORDABLE HOUSING UNITS IN COMPLIANCE WITH
CALIFORNIA GOVERNMENT CODE SECTION 65915(1) FOR PROPOSED
DEVELOPMENT OF TUSTIN LEGACY DISPOSITION PACKAGE 1A -NORTH — 225
AFFORDABLE APARTMENT HOMES (ST. ANTON PARTNERS),
SUMMARY:
The Tustin City Council has approved the "Tustin Legacy Disposition Strategy for the Former
Master Developer Footprint" for Neighborhoods B, D, E, and G" and directed staff to begin
marketing of certain "Disposition Packages" at the property. Disposition Package 1A -North is an
8.073 acre multifamily residential parcel and a 4.706 acre park parcel (12.779 acres gross) that
was advertised by staff through a Request for Proposals process that resulted in St. Anton
Partners being identified as the preferred developer of the site, so negotiations for development
rights were commenced. On June 19, 2012, an Exclusive Negotiation Agreement (ENA) was
executed with The Irvine Company for St. Anton Partners. On October 9, 2012, the Tustin
Planning Commission adopted Resolution No. 4205 recommending that the Tustin City Council
approve Development Agreement (DA) 2012 -002, Concept Plan (CP) 2012 -003, Design Review
(DR) 2012 -005, Density Transfer, Density Bonus, and Concessions or Incentives authorized
under Tustin City Code Section 9123 related to the development of 225 affordable apartment
units in compliance with California Government Code Section 65915(1) at Disposition Package
1A -North, Tustin Legacy.
Staff is nearing completion of the required Disposition and Development Agreement (DDA) 2012-
002 intended to guide conveyance and execution of the site's proposed development and requests
concurrent consideration of the matter before the Tustin City Council as soon as possible.
RECOMMENDATION:
That the City Council continue the item to an adjourned regular City Council meeting on October
30, 2012.
Dana L. Ogdon, AI P Elizabeth A. Binsack
Assistant Director Director of Community Development