COMMUNITY REDEVELOPMENT AGENCY (44)

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N07RFQ[fl VVORK WY CUM M- CO�Jm, COOPERAT10N AGREEMENT FOR THE PROVISION OF C PUBLICLY OWNED INIPROVEMENTS C THIS AGREEMENT is entered into this 6th day of April, 1998. (the-Effecilve Date") by and between the CITY OF SANTA ANA, a charter city and municipal corporation duly organized and existin- under the Constitution and laws of the State of California (the " Ciry "). and the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA A -."A. public body corporate and politic (the "Agency"). WITNESSETH A. Agency is authorized to undertake certain activities necessary for the implementation of the City of Santa Ana redevelopment projects (the "Projects") under the provisions of the California Community Redevelopment Law (Health and Safety Code Section 3 33000 et seq.) and pursuant to the redevelopment plans for the Projects. B . The City has received an application from The First American Financial Corporation ("First American") for approval of a + 208.82-0 sq. ft. campus office complex to house the first phase of First American's the new world headquarters (the -,Development"). which is to be located within the Agency's South Main Redevelopment Project Area (the -Proj eel -Area"). Agency is willing in connection with the Development to assist in the payment of the costs of certain infrastructure necessitated by the Development and benefiting the Project Area. NOW, THEREFORE, the parties, hereto do mutually agree as follows: I, SCOPE OF WORK The City has deterininedthat the Developmentis requiredto pay as its costs. among other things, a fair share of new regional transportation improvements and fire facilities. Those costs are paid through the payment of in lieu development fees as follows: Transportation System Improvement Fees of,$2,01 per sq. ft. ("TSIA Fees-), and Fire Facilities Fees of 30-3 37 per sq. ft. � "Fire Fees") (collectively. "The Fees"). COMPENSATION AND METHOD OF PAYMENT The:agency hereby agrees to, pay the City an amount of money equal to the TSIA Fees and the Fire Fees otherwise payable for the Development by First American. provided that the total amount paid hereunder shall not exceed $497,000�. The City a2reesA,,enc,,-obliLationto I t7 - pay The Fees hereunder shall constitute a credit for. and shall relie%"e. First American's obligation to pay The Fees for the Development. whether or not Agency has hinds available to pay The Fees at the time called for payment thereof under City -standards. Notwithstanding the foregoing, the City shall not credit The Fees hereunder unless- 1) the Development as finally approved by the City substantially conforn-is to those plans for the Development on file with the City* s Planning and