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Th!:; ~,~ <br /> p~c:'~., <br />the Ci~ of ~,~ Aha u,~' ~vern~ent .-. ~ <br />Code ~ection <br /> <br />RECORDING REQUESTED BY <br /> <br />WHeN RECORDED MAIL TO: <br />Clerk of the Council <br />city of Santa Aha <br />20 civic Center Plaza <br />Santa Ana, CA 92701 <br /> <br />,'~;CORDED IN OFFICIAL RECORDS <br />OF ORANGE COUNTY, CALIFORNIA <br /> <br /> -2 _0 PM N 27'90 <br /> <br />(Above Space for Recorder's Use Only) <br /> <br />DEVELOPMENT AGREEMENT <br /> <br />FOR LAKE CENTER PROFESSIONAL OFFICE PARK <br /> <br /> THIS DEVELOPMENT AGREEMEN~T (,,Deve~o.~9~.Agreement") <br />is made and entered into this ]~0( day of ~, 1990, by <br />and between the CITY OF SANTA ANA, a municipal corporation <br />organized and existing under the laws of the State of <br />California ("city"), and CALIFORNIA PACIFIC PROPERTIES, a <br />california general partnership ("Developer"). <br /> <br />RECITALS: <br /> <br /> A. California Government Code §§ 65864 et seq. <br />provide that the legislative body of a city may enter into a <br />development agreement with persons having legal or equitable <br />interests in real property for the development of real <br />property in order to, among other things: (i) vest certain <br />rights in the developer; (ii) provide certainty in the <br />approval of development projects in order to avoid the waste <br />of resources; (iii) encourage investment in and commitment to <br />comprehensive planning which will make maximum efficient <br />utilization of resources at the least economic cost to the <br />public; (iv) strengthen the public planning process and <br />encourage private participation in comprehensive planning; <br />and (v) reduce the economic costs of development by providing <br />assurance to the developer that the developer may proceed <br />with its projects in accordance with existing policies, <br />rules, and regulations subject to conditions of approval. <br /> B. Pursuant to California Government Code Section <br /> 65865, the city has adopted its Resolution No. 82-92, <br /> establishing procedures and requirements for the approval of <br /> development agreements. Developer has applied to the city <br /> pursuant to California Government Code Sections 65864- <br /> 65869.5, and pursuant to said Resolution for approval of the <br /> Development Agreement set forth herein. <br /> <br />oc ~. ~. \DSC\CA-~-PAC \CA.Z,-PAC. <br /> <br /> <br />