HomeMy WebLinkAbout1 DDA 2012-001 - TUSTIN LEGACY (IRVINE CO)AGENDA REPORT
MEETING DATE: OCTOBER 30, 2012
TO: JEFFREY C. PARKER, CITY MANAGED
Agenda Item
Reviewed:
City Manager
Finance Director N/A
FROM: ELIZABETH A. BINSACK, COMMUNITY bEVELOPMENT DIRECTOR
SUBJECT: DISPOSITION AND DEVELOPMENT AGREEMENT (DDA) 2012 -001, DEVELOPMENT
AGREEMENT 2012 -001, CONCEPT PLAN 2012 -002, DESIGN REVIEW (DR) 2012-
004, DENSITY TRANSFER, DENSITY BONUS, 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), AND PARCEL MAP (PM)
2012 -136 FOR THE PROPOSED DEVELOPMENT OF TUSTIN LEGACY
DISPOSITION PACKAGE 2A - 533 RESIDENTIAL APARTMENT UNITS (THE IRVINE
COMPANY).
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 2A is a 21.735
acre parcel for multi - family apartment development that was advertised by staff through a Request
for Proposals process that resulted in The Irvine Company 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. On October
9, 2012, the Tustin Planning Commission adopted Resolution No. 4206 recommending that the
Tustin City Council approve Development Agreement (DA) 2012 -001, Concept Plan (CP) 2012-
002, Design Review (DR) 2012 -004, Density Transfer, Density Bonus, 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), and Parcel Map (PM) 2012 -136,
required for the proposed development of Tustin Legacy Disposition Package 2A at Tustin Legacy.
Staff and the Irvine Company are nearing completion of the required Disposition and Development
Agreement (DDA) 2012 -001 intended to guide conveyance and execution of the site's proposed
development. Additional time is necessary to complete the agreement and the associated
documents (see attached letter).
RECOMMENDATION:
That the City Council continue the item to a regular City Council meeting on November 6, 2012.
Elizabeth A. Binsack
Director of Community Development
Attachment: Letter from the Irvine Company dated October 25, 2012
IRVINE COMPANY COMMUNITY
Since 18641 DEVELOPMENT
Daniel H. Young
President
October 25, 2012
Thanks to you and your staff for the work to date on our proposal for the development of Disposition
Parcel 2A in Tustin Legacy. I understand that there are a few open issues which need resolution. In
light of that, I believe it best to forgo consideration of our proposed project by the City Council on
October 30'h. I am confident that we will conclude our negotiations on all issues and that the project
will be ready for consideration on November 6th.
Please feel free to contact me with any questions.
Sincerely,
Daniel) Yo
President