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AMENDMENT TO AND RESTATEMENT OF THE <br />1992 AGREEMENT BETWEEN THE CITIES OF SANTA ANA AND IRVINE <br />THIS AGREEMENT ("Agreement") entered into and shall be effective on this <br />day of J',C l+ , 2011 by and between the City of Santa Ana, hereinafter referred <br />to as "Santa Ana," and the City of Irvine, hereinafter referred to as "Irvine." Santa Ana <br />and Irvine are collectively referred to as the "Parties." This AGREEMENT replaces and <br />supersedes in its entirety that certain agreement dated November 24, 1992 by and <br />between the Parties titled "Implementation of Roadway and Interchange Mitigation <br />Program for EIR 88-ZC-0087" ("1992 Agreement."). A true and correct copy of the <br />1992 Agreement is attached hereto as Exhibit "A." <br />RECITALS <br />A. WHEREAS, on July 13, 2010 Irvine certified an Environmental Impact Report for <br />certain General Plan Amendments and Zone Changes that are collectively <br />known as the "IBC Vision Plan." That same evening, Irvine approved the <br />General Plan Amendment for the IBC Vision Plan, and conducted a first reading <br />for the Zone Change for the IBC Vision Plan. On July 27, 2010, Irvine conducted <br />a second reading for the Zone Change for the IBC Vision Plan. The IBC Vision <br />Plan is hereinafter referred to as the "Project." The Project is generally bounded <br />by the former Tustin Marine Corps Air Station (MCAS) to the north, the San <br />Diego Creek channel to the east, John Wayne Airport and Campus Drive to the <br />south and State Route 55 (SR-55) to the west. The Project is bordered by the <br />cities of Newport Beach, Santa Ana, Costa Mesa and Tustin. The Project <br />includes and/or contemplates (J) an increase in total units in the Irvine Business <br />Complex ("IBC") from 9,401 units to 15,000 units, and (ii) a reduction of <br />2,715,062 square feet of nonresidential development (measured in office <br />equivalency). In addition, a total of 1,191 density bonus units could be allowed <br />(and are therefore assumed as part of the Project) in accordance with state law, <br />resulting in a total of 16,191 units,- and <br />