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<br />. <br /> <br />. <br /> <br />consideration to City for entering into this Amendment represent benefits which would not <br />otherwise be required as part of the development process. <br /> <br />7. On November1~ 2002, the Planning Commission of the City ("Planning <br />Commission"), after giving notice pursuant to Government Code Sections 65090 and 65091, <br />held a public hearing to consider the Owner's application for this Amendment. The Planning <br />Commission recommended to the City Council of City that it execute this Amendment. On <br />November 18, 2002, the City Council of the City of Santa Ana ("Council"), after providing <br />notice as required by law, held a public hearing to consider the Owner's application for this <br />Amendment. <br /> <br />C. Amemlment to the Project. <br /> <br />Section 1.2 of the Development Agreement is hereby amended to read as follows: <br /> <br />1.2 Owner. Owner represents and warrants that it has a legal or equitable <br />interest in the real property located in City of Santa Ana, California, legally <br />described on Exhibit A attached hereto and incorporated herein, and graphically <br />described on Exhibit B attached hereto and incorporated herein (hereinafter the <br />"Property"). The Property consists of approximately 5.13 acres, located on Tustin <br />Boulevard south of Seventeenth Street in the City of Santa Ana. The Owner <br />desires to develop the Property as set forth in Exhibit C on Exhibit B attached <br />hereto and incorporated herein. The Property will be developed with a maximum <br />F.A.R. (floor area ratio) of 1.5. <br /> <br />D. Am~nrlment to Pllhlic Art Requirement <br /> <br />Section 5.10 of the Development Agreement is hereby amended to read as follows: <br /> <br />5.10 Development, Construction, Installation and Maintenance of Public <br />Art. In consideration for the extraordinary and significant benefits set forth in <br />this Section, the Owner has been legally vested under Section 5.2 with regard to <br />the permitted uses ofland, density, and intensity of use, Owner shall cause the <br />design, construction, installation and maintenance of a work of public art on the <br />Property. <br /> <br />The work of public art shall be placed on the Property in a location, as approved <br />by the Executive Director of the Planning and Building Agency, that will provide <br />the greatest opportunity for viewing by the general public. It is to be located in an <br />open area viewable from the public right of way, or on the exterior of an <br />assembly. <br /> <br />The Owner shall expend $35,000 at a minimum on the work of public art. This <br />minimum expenditure may include the work of public art itself (and rendering <br />costs if applicable), the cost of constructing any structure (e.g., a pad) to enable <br /> <br />3 <br />