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project, together with a mitigation fee program and an Environmental Impact Report <br />("IBC EIR"), for which approvals and certifications were completed by 1992 <br />(collectively, the "1992 Entitlements"); and <br />D. WHEREAS, in connection with the 1992 Entitlements, the Parties entered into the <br />1992 Agreement, which outlines the Parties' roles and responsibilities in implementing <br />certain transportation improvements identified in the 1992 Entitlements; and <br />E. WHEREAS, on March 21, 2011, the Parties entered into an Amendment and <br />Restatement of the 1992 Agreement ("Restatement") which superseded in its entirety <br />the 1992 Agreement. A true and correct copy of the Restatement is attached hereto <br />as Exhibit "A;" and <br />F. WHEREAS, the Restatement may be amended upon the mutual consent of both <br />Parties; and <br />G. WHEREAS, on April 19, 2022, and as contemplated under Section 4 of the <br />Restatement, Santa Ana conducted a general plan update/amendment which <br />identified the following two (2) traffic operational improvement projects located in Irvine <br />or part of Implementation of Roadway and Interchange Mitigation Program for EIR 88- <br />ZC-0087 (collectively referred to as the "Improvements"): <br />(1) Dyer/Pullman to Red Hill (widen to 8 lanes from a point commencing just east of <br />the SR-55 freeway northbound direct connector on -ramp to Redhill- <br />Dyer/Barranca) (individually referred to as the "Roadway Improvement"); and <br />(2) Von Karman/Barranca (convert one westbound thru lane into a shared thru-right <br />lane) (individually referred to as the as the "Von Karman/Barranca <br />Improvement") <br />The Parties now wish to amend the Restatement in order to define the Parties' <br />respective funding responsibilities regarding the Improvements identified in the 2022 <br />general plan update. <br />NOW THEREFORE, for good and valuable consideration, the receipt and adequacy of <br />which are hereby acknowledged, the Parties hereby amend the Restatement and agree <br />as follows: <br />1. SECTION 2.D., Funding Responsibilities, is hereby amended to include additional <br />language within this Section 2.D: <br />Page 2 of 4 <br />