NS-2700 - Laserfiche WebLink

Home Browse Search

DEVELOPMENT AGREEMENT BETWEEN THE CITY OF SANTA ANA AND STEADFAST COURTYARDS, L.P. This DEVELOPMENT AGREEMENT is entered into between THE CITY OF SANTA ANA, a charter city and municipal corporation duly authorized under the Constitution and laws of the State of California ("City") and STEADFAST COURTYARDS, L.P., a California Limited Partnership ("Owner" or "Property Owner"). 1. RECITALS. This Agreement is entered into with reference to the following facts: 1.1 Purpose. The Purpose of this Agreement is to facilitate the development of the mixed-use project contemplated by the City's Specific Development Zoning Designation SD-79 (SD-79), Tentative Tract Map No. 2005-08 and Mitigated Negative Declaration ER No. 2005-18. 1.2 Code Authorization. The City is authorized pursuant to Government Code Sections 65864 through 65869.5 to enter into development agreements with persons having legal or equitable interests in real property for the purpose of establishing certainty for both the City and Owner in the development process. The City enters into the Agreement pursuant to the provisions of the Government Code and applicable City policies. The parties acknowledge: (1) the time of development. This Agreement is intended to assure adequate public facilities at (2) This Agreement is intended to assure development in accordance with the City's General Plan, applicable Specific Plans and Specific Development District No. 79, as created concurrently herewith by Ordinance No. NS-_. (3) This Agreement will permit achievement of goals and objectives as reflected in the City's General Plan, all applicable Specific Plans and Specific Development District No. 79. (4) Owner is required by existing City regulations to provide mitigation for certain impacts and pay certain regulatory fees as conditions of approvals through the regulatory process:, as further provided in this Agreement. (5) This Agreement will allow the City to realize extraordinary and significant public infrastructure facilities and other supplemental benefits in addition to those available through the existing regulatory process. (6) Many of the extraordinary and significant benefits identified as consideration to the City for entering into this Agreement are of regional significance, relate to existing deficiencies in public facilities, require Owner to contribute a greater percentage of benefits than would otherwise be required, and represent benefits which would not otherwise be required as part of the development process. 1 Ordinance NS-2700 Page 5 0141