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HomeMy WebLinkAbout05 HOUSING ASSIGNMENTS 07-05-05 AGENDA REPORT Agenda Item Reviewed: City Manager --5-- ~ Finance Director ~ MEETING DATE: JULY 5, 2005 TO: FROM: WilLIAM HUSTON, CITY MANAGER COMMUNITY DEVELOPMENT DEPARTMENT SUBJECT: COLUMBUS SQUARE AND GROVE HOUSING ASSIGNMEMENT AGREEMENTS (CONVENYANCE MAPS 16857 AND 16792) SUMMARY On June 20, 2005, the City Council approved Tentative Tract Map 16792 and 16857 for convenyance purposes. Tentative Tract Map 16857 approved the subdivision of the 105.5-acre Columbus Square project site into fifteen (15) numbered parcels and five (5) lettered parcels for conveyance purposes located in Planning Areas 4 and 5 of the MCAS-Tustin Specific Plan (Reuse Disposal Parcel 23 and Parcel 24); and Tentative Tract Map 16792 approved a subdivision of the 86.26-acre Columbus Grove project site into twelve (12) parcels for conveyance purposes located in Planning Area 21 of the MCAS-Tustin Specific Plan (Reuse Disposal Parcel 35 and Parcel 36). As a condition of these Maps, the applicant is required to enter into Housing Assignment Agreements to insure implementation of the Affordable Housing requirements of the Specific Plan, the City's Density Bonus Ordinance, and the City approved "Affordable Housing Plan, Density Bonus Application." The Assignment Agreements prepared by the City Attorney and executed by Moffett Meadows Partners and the respective assignees fulfills these conditions of approval. ApplicanV Owner: Moffett Meadows Partners, llC RECOMMENDATION: That the City Council authorize the City Manager to execute the attached and any future Assignment Agreements on behalf of the City of Tustin. FISCAL IMPACT: There are no associated fiscal impacts associated with the execution of this agreement. BACKGROUND/DISCUSSION: On June 20, 2005, the City Council approved Tentative Tract Map 16792 and 16857 for conveyance purposes. Tentative Tract Map 16857 approved the subdivision of the City Council Report Assignment Agreements Columbus Square and Grove Page 2 of 3 1 05.5-acre Columbus Square project site into fifteen (15) numbered parcels and five (5) lettered parcels for conveyance purposes located in Planning Areas 4 and 5 of the MCAS-Tustin Specific Plan (Reuse Disposal Parcel 23 and Parcel 24); and Tentative Tract Map 16792 approved a subdivision of the 86.26-acre Columbus Grove project site into twelve (12) parcels for conveyance purposes located in Planning Area 21 of the MCAS-Tustin Specific Plan (Reuse Disposal Parcel 35 and Parcel 36). As a condition of these Maps, the applicant is required to enter into Housing Assignment Agreements to insure implementation of the Affordable Housing requirements of the Specific Plan, the City's Density Bonus Ordinance, and the City approved "Affordable Housing Plan, Density Bonus Application." Specifically, Conditions 1.8 ofTTM 16792 and 1.10 ofTTM 16857 require: 1.8 As noted in Condition 2.3 of Resolution No. 05-37, prior to recordation of the first final map including a conveyance map, or issuance of first building permit, whichever occurs first, the applicant (Moffett Meadows Partners, LLC) shall enter into a Housing Agreement with the City to insure implementation of the Affordable Housing requirements of the Specific Plan, the City's Density Bonus Ordinance, the City approved Affordable Housing Plan, Density Bonus Application, and the City's Affordable Housing Policy and compliance with California Health and Safety Code Section 33413(b)(2). A minimum of thirty (30) units shall be sold to moderate income households and no fewer than twelve (12) transitional units within the very low income category shall be conveyed to homeless providers for transitional housing for assistance to the homeless (Human Options and Orange County Interfaith Shelter). Eight (8) very low income units and seventeen (17) low income units are approved for transfer to Planning Area 5. As part of the Housing Agreement, affordable covenants and other agreements shall be required to be recorded against each unit and will be binding on properties upon sale of transfer of units for a minimum of 45 years. In addition, prior to City approval of the first final conveyance map, Moffett Meadows Partners, LLC (applicant) shall enter into a City-approved Assignment Agreement with each builder/purchaser, which Assignment Agreement shall be recorded immediately after the final map is recorded and effective upon transfer of title to each builder/purchaser. 1.10 As noted in Condition 2.4 of Resolution No. 05-40, prior to recordation of the first final map including a conveyance map, or first building permit, whichever occurs first, the applicant (Moffett Meadows Partners, LLC) shall enter into a Housing Agreement with the City to ensure implementation of the Affordable Housing requirements of the Specific Plan, the City's Density Bonus Ordinance, the City approved "Affordable Housing Plan, Density Bonus Application," and the City's affordable Housing Policy and compliance with California Health and Safety Code Section 33413(b)(2). The development shall include 266 affordable units in Planning Areas 4 and 5 including twenty-five (25) affordable units transferred from Planning Area 21 to Planning Area 5. In addition, prior to City approval of the first final conveyance map, Moffett Meadows Partners, LLC (applicant) shall City Council Report Assignment Agreements Columbus Square and Grove Page 3 of 3 enter into a City-approved Assignment Agreement with each builder/purchaser, which Assignment Agreement shall be recorded immediately after the final map is recorded and effective upon transfer of title to each builder/purchaser. The Assignment Agreements prepared by the City Attorney and executed by Moffett Meadows Partners and respective assignees fulfills this and various related conditions of approval. £2~ß./I~~ Elizabeth A. Binsack Community Development Director Attachment: Assignment Agreements S: IC ddlCC R EPORTlCol u mbus Sq uareG roveAssig nme ntAg reements. doc RECORDING REQUESTED BY ) AND WHEN RECORDED MAIL TO: ) ) City ofTustin ) 300 Centennial Way ) Tustin, California 92780 ) Attn: Director of Community Development) Exempt From Recording Fee Pursuant to Government Code section 27383 ASSIGNMENT AGREEMENT (COLUMBUS GROVE) ) THIS ASSIGNMENT AGREEMENT (the "Agreement") is made and entered into by and between Moffett Meadows Partners, LLC ("Assignor"), a Delaware Limited Liabiffy Company and William Lyon Homes, Inc., a California corporation ("Assignee"). . RECITALS A. Assignor owns certain real property in Tustin, California, that it intends to develop as "COLUMBUS GROVE" (the "Project"). B. As a condition of City of Tustin ("City") approval of the Project, Assignor entered into a Housing Agreement for Columbus Grove (the "Housing Agreement") with the City, dated June 20, 2005, that requires Assignor to develop a certain number of for-sale affordable housing units in specific locations at Columbus Grove, in accordance with State regulations on price, qualifying households, and a forty-five (45) year period of affordability. C. The Housing Agreement pennits Assignor to assign its obligations under the Housing Agreement to a BuilderlPurchaser through a City-Approved Assignment Agreement that is recorded in the Official Records of the County of Orange against the BuilderlPurchaser's portion of the property at Columbus Grove that is acquired from Assignor. D. A portion of Columbus Grove, as described in Exhibit "A" attached hereto and incorporated herein by this reference, will be acquired by Assignee ("Lyon Acquisition"). NOW, THEREFORE, for good and valuable consideration, the parties agree as follows: AGREEMENT I. Assil!nment. Effective upon close of escrow of the Lyon Acquisition, or transfer of title to Lennar, whichever comes first, all rights, interests and obligations of Assignor in the Housing Agreement affecting the real property described in Exhibit "A", are hereby assigned to Assignee, and Assignor shall be released from the obligations of the Housing Agreement affecting the real property described in Exhibit "A". A copy of the Housing Agreement is on file with the Director of Community Development at the City. 2. Acceptance of Assil!nment. Assignee accepts this assignment and agrees to assume and perfonn all duties and obligations that Assignor has under the Housing Agreement as 74S164.0J/DC 88888-118/6-27-0S/nnj/pal 204224.1 they affect the real property described in Exhibit "A", as if Assignee has been an original party to the Housing Agreement. 3. City's Conditions of Approval. Assignee understands and acknowledges that all of City's land use conditions of approval for the Project (including Tract Map conditions) remain in effect until satisfied, and are not modified or superseded by this Agreement. 4. Time of Essence. Time is of the essence in this Agreement. 5. Effect on Heirs and Successors. This Agreement and each of its provisions shall be binding on and shall inure to benefit of the respective heirs, designees, legalese, executors, administrators, trustees, successors and assigns of the parties to this Agreement. 6. No Third Party Beneficiaries. This Agreement has been made and entered into solely for the benefit of the Parties to this Agreement and their respective successors and pennitted assigns. Nothing in this Agreement is intended to confer any rights or remedies under or by reason of this Agreement on any persons other than the parties to it and their respective successors and pennitted assigns. Nothing in this Agreement is intended to relieve or discharge the obligation or liability of any third persons to any parties to this Agreement. 7. Entire Al!reement. This Agreement and Exhibit "A" constitute the entire agreement and understanding between the parties hereto with respect of the subject matter of this Agreement and supersedes all prior or contemporaneous agreements and understandings with respect to such subject matter, whether oral or written. 8. Governinl! Law. This Agreement shall be govemed by and construed in accordance with the laws of the State of California. 9. Severability. If any part of this Agreement is declared by a final decision of a court of competent jurisdiction to be invalid for any reason, such shall not affect the validity of the rest of the Agreement. The other parts of this Agreement shall remain in effect as if this Agreement had been executed without the invalid part. The parties declare that they intend and desire that the remaining parts of this Agreement continue to be effective without any part or parts that have been declared invalid. 10. Counterparts. This Agreement may be executed in counterparts, each of which so executed shall, irrespective of the date of its execution and delivery, be deemed an original, and all such counterparts together shall constitute one and the same instrument. 11. Authority of Sil!natories to Al!reement. Each person executing this Agreement represents and warrants that he or she is duly authorized and has legal capacity to execute and deliver this Agreement on behalf of the Parties for which execution is made. Each Party represents and warrants to the other that the execution of this Agreement and the perfonnance of such Party's obligations hereunder have been duly authorized and that the agreement is a valid and legal agreement binding on such party and enforceable in accordance with its tenns. 745164.0IlOC 88888-118/6-27-05/=;/..1 204224.1 IN WITNESS WHEREOF, the parties have executed this Agreement on the date when the last party signs. ASSIGNOR: MOFFETT MEADOWS PARTNERS, LLC, a Delaware limited liability company By: Marble Mountain Partners, LLC, its sole member By: Tustin Villas Partners, LLC, a Delaware limited liability company, its administrative member By: Dated: i.t1l1 2 r 21M S- O I JUJU Z 1/ ZO05 By: By: B~~~ IS t Secretar; Dated: Dated: ASSIGNEE: Dated: WILLIAM LYON HOMES, INC., a c,¡; fŒi~l"iOO By: L Name: . Richard S. Robinson Senior Vice President Title: APPROVED AS TO FORM: BY:~~ By: Name: Michael D (',rnhhg Senior Vice President Dated: Title: 745164.01/0C 88888.118/6.27-0'/=j!p,' 204224.1 CALIFORNIA ALL.PURPOSE ACKNOWLEDGMENT ~ -~~ ~ State of California County of D~ ð1J\l it-I 2JJos , D," personally appeared On .. lOll A. Wl.COX ~#1567927 --, PIèIc - ~ ~ c:oon, ..,c-."""'-"lo.- ~erSOnallY known to me 0 proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies). and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. P'", No"", S", Abo", OPTIONAL Though the information below is not required by law. it may prove valuable to persons relying on the document and could prevent fraudulent removal and reaUachment of this form to another document. Des ription of Attached Document Title or e of Document: Capacity(ies) Claimed by gig Signer's Name: D Individual D Corporate Officer - Title(s): D Partner - D Limited D General D Attorney in Fact D Trustee D Guardian or Conservator D Other: Number of Pages: Topofthembh", Signer's Name: D Individual D Corporate Officer - Tttle(s): Partner - D Limited D General D rney in Fact D Trus D Guardian D Other: . Topofthembh", Signer Is Representing: Signer Is Representing: @2004N,lio", Nota", A"""',lio"' 9350 De Solo Me, PO. Bo> 2402' Ch,lsworth. CA 91313-2402 lI,m No. 5907 Reo",ef Call TolI-F,.. t.800. 827 ) ) COUNTY OF ORANGE) On lRJ ~ 'I ( O~ , before me, the undersigned, a Notary Public in and for said State, personally appeared RICHARD S. ROBINSON: STATE OF CALIFORNIA X personally known to me . OR - J OFFICIAL SEAL ! €I. KATHY SAMPSON - ". -" NOTARY PUBLIC-CALIFORNIA " ¡¡ ... COMMISSION;; 1397488 = ,," ORANGE COUNTY . . My Commission Exp. FEBRUARY 9,2007 0 proved to me on tbe basis of satisfactory evidence, to be tbe person whoae name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or the entity upon behalf of which the person acted, xecuted the instr nt. ) ) COUNTY OF ORANGE) On LP r J. '7/ 0<;' , before me, the undersigned, a Notary Public in and for said State, personally appeared MICHAEL D. GRUBBS: STATE OF CALIrORNIA X personally known to me - OR OFFICIAL SEAL ¡ NOTAR~~~~L~Ë~:;Ã~~ORNIA ; COMMISSION ;; 1397488 " ,," ORANGE COUNTY , . My Commission Exp. FEBRUARY 9, 2007 . - 0 proved to me on the basis of satisfactory evidence, to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or the entity upon behalf of which the person acted, ecuted the instrument. ficial seal. CAPACITY CLAIMED BY SIGNER: 0 Individual(s) X Corporate Officer(s) Senior Vice President Title(s) 0 Partner(s) 0 Attomey-in-Fact 0 Trus1ee(s) 0 Subscribing Witness 0 Guardian/Conservator 0 Other: SIGNER IS REPRESENTING: Name ofperson(s) or entity(ies) William Lvon Homes Inc. CAPACITY CLAIMED BY SIGNER: 0 Individual(s) X Corporate Ot1icer(s) Senior Vice President Title(s) 0 Partner(s) 0 AttorneY-in-Fact 0 Trustee(s) 0 Subscribing Witness 0 Guardian/Conserva10r 0 Other: SIGNER IS REPRESENTING: Name ofperson(s) or entity(ies) William Lvon Homes Inc. CONSENT TO ASSIGNMENT The City of Tustin hereby consents to the assignment to Assignee of the duties of perfonnance under the Housing Agreement between the City and Moffett Meadows Partners, LLC with respect to the real property described in Exhibit "A". By: William A. Huston, City Manager APPROVED AS TO FORM: Lois E. Jeffrey, City Attorney 745164.01/OC 88888.118/6-27-O5!=j/p.1 204224.1 EXHIBIT "A" Legal Description Lot 4 of Finance and Conveyance Map Tract No. 16792, located in the City of Tustin, County of Orange, State of California, recorded on , 2005, in Book -' Page -' Official Records, of Orange County, California. 745164.0IlOC 88888.118/6-27-05/=;/p,1 204224.1 RECORDING REQUESTED BY ) AND WHEN RECORDED MAIL TO: ) ) City of Tustin ) 300 Centennial Way ) Tustin, California 92780 ) Attn: Director of Community Development) Exempt From Recording Fee Pursuant to Government Code section 27383 ASSIGNMENT AGREEMENT (COLUMBUS SQUARE) THIS ASSIGNMENT AGREEMENT (the "Agreement") is made and entered into by and between Moffett Meadows Partners, LLC ("Assignor"), a Delaware Limited Liability Company and William Lyon Homes, Inc., a California corporation ("Assignee"). RECITALS A. Assignor owns certain real property in Tustin, California, that it intends to develop as "COLUMBUS SQUARE" (the "Project"). B. As a condition of City of Tustin ("City") approval of the Project, Assignor entered into a Housing Agreement for Columbus Square (the "Housing Agreement") with the City, dated June 20, 2005, that requires Assignor to develop a certain number of for-sale affordable housing units in specific locations at Columbus Square, in accordance with State regulations on price, qualifying households, and a forty-five (45) year period of affordability. C. The Housing Agreement pennits Assignor to assign its obligations under the Housing Agreement to a BuilderlPurchaser through a City-Approved Assignment Agreement that is recorded in the Official Records of the County of Orange against the BuilderlPurchaser's portion of the property at Columbus Square that is acquired from Assignor. D. A portion of Columbus Square, as described in Exhibit "A" attached hereto and incorporated herein by this reference, will be acquired by Assignee ("Lyon Acquisition"). NOW, THEREFORE, for good and valuable consideration, the parties agree as follows: AGREEMENT I. Assil!nment. Effective upon close of escrow of the Lyon Acquisition, or transfer of title to Lennar, whichever comes first, all rights, interests and obligations of Assignor in the Housing Agreement affecting the real property described in Exhibit "A", are hereby assigned to Assignee, and Assignor shall be released from the obligations of the Housing Agreement affecting the real property described in Exhibit "A". A copy ofthe Housing Agreement is on file with the Director of Community Development at the City. 2. Acceptance of Assil!nment. Assignee accepts this assignment and agrees to assume and perfonn all duties and obligations that Assignor has under the Housing Agreement as 745166.0l/OC 88SS8-118/6-27-0S/=;/pol 204224.1 they affect the real property described in Exhibit "A", as if Assignee has been an original party to the Housing Agreement. 3. City's Conditions of Approval. Assignee understands and acknowledges that all of City's land use conditions of approval for the Project (including Tract Map conditions) remain in effect until satisfied, and are not modified or superseded by this Agreement. 4. Time of Essence. Time is ofthe essence in this Agreement. 5. Effect on Heirs and Successors. This Agreement and each of its provisions shall be binding on and shall inure to benefit of the respective heirs, designees, legalese, executors, administrators, trustees, successors and assigns ofthe parties to this Agreement. 6. No Third Party Beneficiaries. This Agreement has been made and entered into solely for the benefit of the Parties to this Agreement and their respective successors and pennitted assigns. Nothing in this Agreement is intended to confer any rights or remedies under or by reason of this Agreement on any persons other than the parties to it and their respective successors and pennitted assigns. Nothing in this Agreement is intended to relieve or discharge the obligation or liability of any third persons to any parties to this Agreement. 7. Entire Al!reement. This Agreement and Exhibit "A" constitute the entire agreement and understanding between the parties hereto with respect of the subject matter of this Agreement and supersedes all prior or contemporaneous agreements and understandings with respect to such subject matter, whether oral or written. 8. Governinl! Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California. 9. Severability. If any part of this Agreement is declared by a final decision of a court of competent jurisdiction to be invalid for any reason, such shall not affect the validity of the rest of the Agreement. The other parts of this Agreement shall remain in effect as if this Agreement had been executed without the invalid part. The parties declare that they intend and desire that the remaining parts of this Agreement continue to be effective without any part or parts that have been declared invalid. 10. Counterparts. This Agreement may be executed in counterparts, each of which so executed shall, irrespective of the date of its execution and delivery, be deemed an original, and all such counterparts together shall constitute one and the same instrument. II. Authority of Sil!natories to Al!reement. Each person executing this Agreement represents and warrants that he or she is duly authorized and has legal capacity to execute and deliver this Agreement on behalf of the Parties for which execution is made. Each Party represents and warrants to the other that the execution of this Agreement and the perfonnance of such Party's obligations hereunder have been duly authorized and that the agreement is a valid and legal agreement binding on such party and enforceable in accordance with its terms. 745166.01/OC 88888-118/6-27-05/=;/po1 204224.1 IN WITNESS WHEREOF, the parties have executed this Agreement on the date when the last party signs. ASSIGNOR: MOFFETT MEADOWS PARTNERS, LLC, a Delaware limited liability company By: Marble Mountain Partners, LLC, its sole member By: Tustin Villas Partners, LLC, a Delaware limited liability company, its administrative member By: Lennar Homes of California, Inc., a California corporation, its managing member Dated:-!IIAll [1-,. bOJ By: Dated: ~ 11-, "ZOO) By: APPR°'JD ~S!O F~RM: BY:/~ Michael Joyce, Le Dated: t-:l-7-o{' ASSIGNEE: Dated: WILLIAM LYON HOMES, INC., a California co~~n ::, C:aro s. Robi",Dn Senior Vice Presidt:lIl APPROVED AS TO FORM: Title: BY:~~ By: Name: Michael D. Grubbs Geniol Vi\;t:: Pres/cent Dated: Title: 745166.01lOC 88888-118/6-27-05I=j/pal 204224 ] CALIFORNIA ALL.PURPOSE ACKNOWLEDGMENT - State of califoOrnia } ss, County of ...~ ' On -Jwu... t1, ZØS. before me, ¿~< Á. Wi/eo/( personally ::peared ~"~ð. C IrJ~----=-lht\~~ ~ersonallY known to me .bile..- , .. lOIII A. Wl.COX ~tlll67927 Haay NIle - CaIIaIMI 0Ian e ~ .,~ .10. D proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies) , and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. PI,," Nota", 0." Abo," Capacity(ies) Claimed by Signe Signer's Name: 0 individual 0 Corporate Officer - Tttle(s): 0 Partner - D Limited D General D Attorney In Fact D Trustee D Guardian or Conservator D Other: Though the information betow is not required by law, it may prove vatuabte to persons retying on the document and could prevent fraudutent removal and reattachment of this form to another document, Number of Pages: . Top of Ihemb he,e Signer's Name: D Individual D Corporate Officer - Title(s): Partner - D Limited D General D ney In Fact D Truste 0 Guardian or D Other: . Top of 1hemb he'e Signer Is Representing: Signer Is Representing: "2004 Na1;0",' Nota",A""",;,'oo '9350 D' Solo,",. P.o. eo, 2402' Ch,loworth, CA 91313-2402 'I,m No. 5907 Reo"',. Call TolI-F"" 1.800-876-682 EXHIBIT "A" Legal Description Lot 7 of Finance and Conveyance Map Tract No. 16857, located in the City of Tustin, County of Orange, State of California, recorded on , 2005, in Book -' Page -' Official Records, of Orange County, California. 745166.01/QC 88888-118/6-27-05/=j!p,1 204224.1 ) ) COUNTY OF ORANGE) On ~ ~ 7/ 0 ~ , before me, the undersigned, a Notary Public III and for said State, personally appeared RICHARD S. ROBINSOn STATE OF CALIFORNIA K personally known to me - OR - 0 proved to me on the basis of satisfactory evIdence, to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacIty, and that by his signature on the instrument the person, or the entity upon behalf of which the person acte ,executed the instrument. J OFFICiAl SEAl '( KATHY SAMPSON - e. NOTARY. PUBLIC. CAUFORNIA 1! 11 COMMISSION # 1397488 ~ ... "- ORANGE COUNTY . . My Commiss'on Exp, FEBRUARY 9. 2007 ) ) COUNTY OF ORANGE ) onM ),1/ () \" ,before me, the undersigned, a Notary Public in and for said State, personally appeared MICHAEL D. GRUBBS, STATE OF CALIFORNIA K personally known to me . OR OFFICIAL SEAL 'f KATHY SAMPSON NOTARY PUBLIC. CALIFORNIA " COMMISSION #1397488 = ."- ORANGE COUNTY My Commiss,on Exp, FEBRUARY 9, 2007 - 0 proved to me on the basis of satisfactory evidence, to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that hy his signature on the instrument the person. or the entity upon behalf of which the person acte executed the ins ment. CAPACITY CLAIMED BY SIGNER 0 Individual(s) K Corporate Officer(s) Senior Vice President Title(s) 0 P"tner(s) 0 Attomey-m.Facl 0 Trustee(s) 0 Subscribing Witness 0 Guacdian/Conservator 0 Other: SIGNER IS REPRESENTING, Name ofperson(s) or entity(ies) William Lvon Homes Inc. CAPACITY CLAIMED BV SIGNER 0 Individua1(s) K Corporate Officer(s) Senior Vice Presiden1 Title(s) 0 Partner(s) 0 Attomey-in-Fact 0 Trustee(s) 0 Subscribing Witness 0 Gu"di,n/Conservator 0 Other: SIGNER IS REPRESENTING, Name ofperson(s) or entity(ies) William Lvon Homes Inc. CONSENT TO ASSIGNMENT The City of Tustin hereby consents to the assignment to Assignee of the duties ofperfonnance under the Housing Agreement between the City and Moffett Meadows Partners, LLC with respect to the real property described in Exhibit "A". By: William A. Huston, City Manager APPROVED AS TO FORM: Lois E. Jeffrey, City Attorney 745166.01l0C 88888-118/6-27-05/=j!p" 204224.1