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i �7 114 r MP 7 <br />E <br />« E <br />IncaG C <br />Ea �� <br />rn <br />Ov <br />at5 <br />V3 <br />= a�a <br />RECORDING REQUESTED BY <br />WHEN RECORDED MAIL TO: <br />Clerk of the Council <br />City of Santa Ana <br />20 Civic Center Plaza <br />Santa Ana, CA 92701 <br />P nia <br />Gq <br />I�ih1 <br />RECORDED IN OFFICIAL RECORDS <br />OF ORANGE COUNTY. CALIFORNIA <br />-205 PM MAR 22'90 <br />Q • RECORDER <br />(Above Space for Recorder's Use Only) <br />DEVELOPMENT AGREEMENT <br />FOR BENTALL EXECUTIVE CENTRE <br />THIS DEVELOPMENT AGREEMENT ( "Developme t Agreement ") <br />is made and entered into this day of ��,, 19gf, 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 BENTALL /WESTMINSTER PARTNERS, a <br />California general partnership ( "Developer "). <br />R E C I T A L S• <br />A. California Government Code SS 65864 et sec. <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 />0C22 \W50 \rkb \bent2.a9t <br />11/20/89 <br />