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HomeMy WebLinkAbout11 DEVELOPMENT AGREEMENT 2017-001, TENTATIVE TR. MAP 18125, & DR 2017-012 FOR DEVELOPMENT OF 218 RESIDENTIAL CONDOS IN THE TUSTIN LEGACY (TRACT 17404-LOT19)Agenda Item 1 1 Reviewed: AGENDA REPORT City Manager Finance Director A MEETING DATE: DECEMBER 19, 2017 TO: JEFFREY C. PARKER, CITY MANAGER FROM: ELIZABETH A. BINSACK, COMMUNITY DEVELOPMENT DIRECTOR SUBJECT: DEVELOPMENT AGREEMENT 2017-001, TENTATIVE TRACT MAP 18125, AND DESIGN REVIEW 2017-012 FOR THE DEVELOPMENT OF 218 RESIDENTIAL CONDOMINIUM UNITS WITHIN NEIGHBORHOOD G, TUSTIN LEGACY SPECIFIC PLAN (TRACT 17404 — LOT 19) SUMMARY: The project is a request to construct 218 residential condominium units, a focal park, and other neighborhood amenities. The site is located within Planning Area 15 (Neighborhood G) of the Tustin Legacy Specific Plan and generally bounded by future Moffett Drive to the north, Park Avenue to the east, Victory Road to the south, and Tustin Ranch Road to the west. The proposed project requires approval of Development Agreement (DA) 2017-001, Tentative Tract Map (TTM) 18125, and Design Review (DR) 2017-012. On November 28, 2017, the Planning Commission adopted Resolution No. 4356 recommending that the City Council approve the proposed project. The City and the applicant are requesting the City Council to continue the item to January 16, 2018, to allow respective attorneys to finalize the real estate transaction documents related to the project. APPLICANT: CalAtlantic Inc. PROPERTY OWNER: City of Tustin 15360 Barranca Parkway 300 Centennial Way Irvine, CA 92618 Tustin, CA 92780 RECOMMENDATION: That the City Council open the public hearing and continue the item to the January 16, 2018, meeting. elynne Hutter enior Planner � f< � Elizabeth A. Binsack Director of Community Development