Item 20 - Memorandum of Understanding of the Master Plan of Arterial Highways Amendment

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B. WHEREAS, a Traffic Impact Study (TIS) has been prepared for the Project that identifies Project -related impacts and corresponding pro-rata funding fair -shares for the following intersections and roadway segment in Santa Ana: • Bristol Street at Segerstrom Intersection — 12.7% • Main Street at Dyer Road Intersection — 21 % • Grand Avenue at Warner Avenue Intersection —15.8% • MacArthur Boulevard widening from Main Street to SR55 — 31.1 % Each intersection and roadway segment listed above shall hereinafter be referred to as "Project.Jmpact" and collectively be referred to as "Project Impacts," and the corresponding pro-rata funding fair -shares shall hereinafter be referred to as "Improvement Fair Share Contributions"; and --- ---C. WHEREAS, Santa Ana -currently -has no fee -program designed to collect -fees for - - — the mitigation of any of the Project Impacts; and D. WHEREAS, the Project involves the same land area — the IBC — that was the subject of certain Irvine General Plan Amendment and Irvine Zoning Code Amendments project, together with a mitigation fee program and an Environmental Impact Report ("IBC ElR"), for which approvals and certifications were completed by 1992 (collectively, the "1992 Entitlements"); and E. WHEREAS, in connection with the 1992 Entitlements, the Parties entered into the 1992 Agreement, which outlines the Parties' roles and responsibilities in implementing certain transportation improvements identified in the 1992 Entitlements; and F. WHEREAS, the 1992 Agreement may be amended upon the mutual consent of both Parties; and G. WHEREAS, this Agreement is intended to, and does, restate in full and supersede the 1992 Agreement.