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Chick-fil-A Reimbursement Agreement 17th and Tustin Annexation <br />March 5, 2019 <br />Page 2 <br />To ensure that adequate resources are provided for City staff to move forward with the application <br />to LAFCO for the annexation, Chick-fil-A, through the reimbursement agreement (Exhibit 1), will <br />provide up to $150,000 to the City to cover costs related to the annexation. These costs include <br />Community Development Agency, Planning and Building, Public Works, and City Attorney staff <br />time, consultant services fees, and Board of Equalization fees. <br />Per the terms of this Agreement, Chick-fil-A will make an initial deposit with the City in the amount <br />of Fifty Thousand Dollars ($50,000) to provide initial funding for the services that have been <br />provided by the City in connection with the annexation. The City will request additional deposits as <br />needed to cover costs. <br />Approval of this agreement will provide private funding to supplement public funds for costs related <br />to the annexation of 24.78 -acre County of Orange island located at the northeast corner of <br />Seventeenth Street and Tustin Avenue. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #3 Economic Development, Objective <br />#3, (Promote a solutions -based customer focus in all efforts to facilitate development and <br />investment in the community), Strategy C (Explore opportunities to encourage a business friendly <br />environment within the city through the reduction of non-essential regulatory requirements, <br />improved coordination between agencies for development review and addition of monetary <br />incentives). <br />FISCAL IMPACT <br />Approval of the recommended Appropriation Adjustment will recognize the receipt of the $50,000 <br />payment from Chick-fil-A, into the Planning and Building Agency's Special Revenue Fund, Planning <br />Consultant Services Fees Revenue account (no. 05316002-53630) and appropriate the same into <br />the Contract Services, Planning Consultant Services Fees account (no. 05316021-62311). Any <br />additional reimbursements/payments from the developer will be deposited and expended from the <br />same accounts. <br />Steven A. Mendoza <br />Executive Director <br />Community Development Agency <br />Minh�ai ` <br />Executive Director <br />Planning and Building Agency <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Kat Downs, PA 0 C <br />Executive Director <br />Finance and Management Services Agency <br />20B-2 <br />