HomeMy WebLinkAbout04 CONTINUE PH: DEV AGMT 06-002 04-17-07~,
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MEETING DATE: APRIL 17, 2007
T0: V111LLIAM HUSTON, CITY MANAGER
FROM: COMMUNITY DEVELOPMENT DEPARTMENT
SUBJECT: DEVELOPMENT AGREEMENT 06-002
SUMMARY:
Agenda Item 4
Reviewed:
City Manager
Finance Director N/A
Development Agreement (DA) 06-002 is proposed by Tustin Legacy Community
Partners, LLC. (the developer), a Delaware limited liability company. The purpose of
DA 06-002 is to give the developer certain assurance that in return for Developer's
commitment to the comprehensive planning for the Property that is contained in the
Disposition and Development Agreement (DDA) and the Specific Plan, the City will in
turn remain committed to the DDA and the Specific Plan
Applicant: Tustin Legacy Community Partners, LLC.
RECOMMENDATION:
That the Council continue DA 06-002 to the Council's next scheduled meeting.
BACKGROUND AND DISCUSSION:
Staff is recommending a continuance of DA 06-002 for two reasons:
• The signatory parties to the Agreement must be approved members of the Tustin
Legacy Community Partnership; and,
• The Development Agreement will give the TLCP several assurances, one of which is
that the City will not modify existing land use regulations in effect as of the effective
date of the DA. The Council has not taken final action on Specific Plan
Amendment/Zone Change 07-001 which would allow tandem parking in residential
developments and compact spaces in non-residential developments and would
specify their required dimensions. If the Council does not approve the Specific Plan
Amendment/Zone Change, adoption of the DA would impede the Council's ability to
modify these regulations in the future.
Elizabeth A. Binsack
Community Development Director