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1 <br /> At the same time as the Agency determines whether to approve <br /> the "Participation Agreement", the City Council of the City of Santa Ana <br /> will determine whether to approve the terms of sale of the project site <br /> to the Participants. <br /> The Participants may also ask the City to approve a "Development <br /> K Agreement" that will secure their rights under the Participation <br /> Agreement against subsequent application of' possibly inconsistent land <br /> use restrictions. <br /> £ A zone change will be required for connercial development to <br /> occur within the small area zoned R-1, single-family residential, <br /> located in the northwest portion of the site. In addition, a <br /> U Conditional Use Permit (CUP) is required for the proposed hotel use. <br /> `U The developer may want to subdivide the project site and a <br /> subdivision map may be required from the City. <br /> L <br /> In accordance with and subject to all the terms, covenants and <br /> conditions of the Participation Agreement, the Agency agrees to acquire <br /> or has acquired the Sales Parcels 1, 2, 3, 4, 5, and 6 as shown on <br /> * Figure 3, Site Map. The owners of those parcels are shown in Table 1, <br /> L Acquisition and Disposition of Portions of the Site. <br /> `U <br /> 23