05/18/1981 - Laserfiche WebLink

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. . . , 3. The lack of landscaping was a source of major concern. 4. All of the main arteries shown in the drawings surrounding the project did not, in fact, exist. as 5. In the opinion of the homeowners, North Orange County cannot support a development of the magnitude suggested by Oxford West. 6. The three access streets (Town & Country, Main and Owens Drive) cannot accommodate the traffic that would be required. 7. The matter concern. minimum to the development is of of access It was moved by Mr. Bricken, seconded by Mr. Acosta and carried unanimously (7:0) that the Agency grant Oxford West Development Company a six month exclusive right to negotiate for the development of an 18 acre site bounded by Main Street on the west, Town and Country Center on the north, Lawson Way on the east and the northerly residential subdivision on the south facing Owens Drive, subject to the agreement by the developer of the following conditions: 1. That the developer agrees to pay one-half the cost of necessary appraisals and economic feasibility studies estimated to be $12,500, 2. That the developer agrees to proceed toward the joint preparation of a Disposition and Development Agreement based on the understanding that the developer will pay the full market value for the property as established by the Agency's appraiser as an advance prior to the close of escrow, 3. That the developer agrees to proceed toward the joint preparation of a Disposition and Development Agreement based on the terms and conditions contained in the Transportation Systems Improvement Agreement, dated March 21, 1981, between the City of Orange and City of Santa Ana, 4. That the developer agrees to confer in good faith with surrounding property owners on specific elements of the development plan. Chairman Bricken thanked the representatives of Oxford West for their professional presentation and then declared a recess at 8:30 P.M. and reconvened the meeting at 8:45 P.M. with all 6.