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<br />:i <br /> <br />A-200S-169 <br /> <br />'-",:",: <br /> <br />'fiT! '-[ - J-l) "o~i <br /> <br />", ;,;i'. j', <br />,~. ~) ',) <br /> <br />G' f'eo It <br />tV- F~o) <br /> <br />COOPERATIVE AGREEMENT FOR <br />OFF-SITE IMPROVEMENTS <br /> <br />THIS Agreement is entered into this "I tf' day of .Ar' i I ,2005, by and between <br />the SANDPOINTE NE1GHBORHOOD ASSOCIATION, INC., a California, non-profit public <br />benefit and federaI501(c)(3) corporation ("Sandpointe"), the NEXUS DEVELOPMENT <br />CORPORATION/CENTRAL DIVISION, INC. a California corporation and The Grand Plan 2, <br />LLC, a California Limited Liability Company (collectively referred to herein as "Nexus"), <br />COASTAL RIM PROPERTIES, INC., a California corporation ("Geneva Commons"), the <br />COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, a public body <br />corporate and politic (the "Agency"), and the CITY OF SANTA ANA, a charter city and municipal <br />corporation duly organized and existing under the Constitution and laws of the State of California <br />(the "City"). <br /> <br />WITNESSETH <br /> <br />A. Nexus has proposed constructing at Hutton Center a five level residential <br />condominium project, two 23-residentiallevel condominium high-rise and one 24-residentiallevel <br />condominium (for a total not to exceed 835 condominium units), together with ancillary retail not to <br />exceed 14,000 square feet (the "Nexus Project"). <br /> <br />B. Geneva Commons has proposed constructing at the northeast corner of MacArthur <br />Boulevard and Imperial Promenade an approximately 278-unit condominium project consisting of <br />an 18-residentiallevel high rise project and an eight-story building, together with ancillary retail (the <br />"Geneva Commons Project"). <br /> <br />C. Sandpointe is a non-profit corporation that serves as a conduit between the <br />Sandpointe Neighborhood ("Neighborhood") and outside community and political interests. <br />Sandpointe Neighborhood is a residential neighborhood of single family and some multi-family <br />homes in the southeast portion of Santa Ana. The Sandpointe Neighborhood consists of <br />approximately 800 residences. Sandpointe does not have the authority to bind any individual <br />resident of the Sandpointe Neighborhood. <br /> <br />D. The Agency is a community redevelopment agency, as that term is defined in <br />California Health & Safety Code S 33100. In 1982, the Agency created the South Main <br />Redevelopment Project Area ("Project Area"), and Nexus and Geneva Commons are located within <br />the Project Area. <br /> <br />E. Sandpointe has identified certain physical improvements needed in the area of the <br />Neighborhood that are necessitated by or would in some way offset the impact of the two <br />development projects. Nexus and Geneva Commons desire to contribute towards the cost and/or <br />construction of those improvements to the Sandpointe neighborhood in addition to and to <br />