HomeMy WebLinkAbout18 CONTINUATION REQUEST FOR FIRST AMENDMENT TO DEVELOPMENT AGREEMENT 2022-0002Docusign Envelope ID: 894C1C3C-2C3E-4BFD-9DB8-1D23481F1D15
MEETING DATE
TO
FROM
Agenda Item
18
AGENDA REPORT Reviewed:
City Manager
aInitial
Finance Director
N/A
AUGUST 20, 2024
ALDO E. SCHINDLER, CITY MANAGER
JUSTINA L. WILLKOM, COMMUNITY DEVELOPMENT DIRECTOR
SUBJECT: CONTINUANCE REQUEST FOR FIRST AMENDMENT TO
DEVELOPMENT AGREEMENT 2022-0002 —THE JESSUP AT 17802
— 17842 IRVINE BOULEVARD
APPLICANT: PROPERTY OWNER:
EMILIE SIMARD OF INTRACORP TUSTIN 40 DEVELOPMENT LLC
TUSTIN 40 DEVELOPMENT LLC 411 1ST AVENUE SOUTH, SUITE 650
895 DOVE STREET, SUITE 400 SEATTLE, WA 98104
NEWPORT BEACH, CA 92660
SUMMARY:
Development Agreement 2022-0002 is an agreement between the City of Tustin and Tustin
40 Development LLC. for the "The Jessup" residential project. The proposed amendment
is a request to eliminate the owner's requirement to pay for the Voluntary Workforce
Housing Incentive Program In -Lieu Fee in conjunction with the project. On July 9, 2024,
the Planning Commission held a public hearing on the proposed request and adopted
Resolution No. 4492, recommending that the City Council adopt Ordinance No. 1544
approving the first amendment to Development Agreement 2022-0002.
Since the City Council meeting of August 20, 2024 will focus on discussion related to
local reuse authority, staff is requesting that the item be continued to the next available
City Council meeting.
RECOMMENDATION:
That the City Council continue the first amendment to Development Agreement (DA) 2022-
0002 to the September 17, 2024 City Council meeting.
Docusign Envelope ID: 894C1 C3C-2C3E-4BFD-9DB8-1 D23481 F1 D1 5
City Council Agenda Report
Continuance Request
August 20, 2024
Page 2
Approved by:
/ A)�j Al—
Ju ' a L. Wilikom
Community Development Director