Laserfiche WebLink
<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> IR STATED AND NO AMENDED DEVELOP +'N`t` AGREEMENT BE, TWEEN <br /> THE CITY•OF SANTA ANA AND <br /> <br /> GENEVA VDC AT THE MITT, LLC, A CALIFORNIA LIMITED <br /> LIABILITY COMPANY <br /> This 12-HS-T-A ED AND AMENDED DEVELOPMENT <br /> AGREEMENT ("Agreement") is entered into between THE CITY OF SANTA ANA, a charter <br /> city and municipal corporation duly authorized under the Constitution and laws of the State of <br /> California (referred to herein as "City") on the one hand, and COASTAL RIM PROPBRUES, <br /> INC., A CAL aP'~'T~. I AI 'fI9A~ax VbC AT THE MET, <br /> LLC, A CALIFORNIA LIMITED LIABILITY COMPANY (eelleetively referred to herein as' <br /> "Owner" or "Property Owner") on the othet' ]land, <br /> <br /> 1. RECITALS. The Amended Agreement is entered into with reference to the <br /> following facts: <br /> 1.1 Purpose. (1) The put-pose of this Agreement is to facilitate the <br /> development of a small portion of the real property which was the subject of a Development <br /> Agreement entered into on January 4, 1988 and recorded as Document 88-260709 in the Office <br /> of the Recorder of the County of Orange (hereaftw the "Original Agreement"). The Original <br /> Agreement was subsequently amended on or about June 4, 2001, by Document No. 20010429519 <br /> the Office of the Recorder of the County of Orange. The real property which was the subject of <br /> the Original Agreement is zoned by the City as Specific Zoning District No. 43 ("SD-43"). Oil <br /> April 4, 2005, the City entered into a Development Agreement (the "2005 Agreement") with <br /> Coastal Rim Properties, Inc, and Geneva Commons, LLC (collectively referred to herein as <br /> "Coastal Rim"). <br /> <br /> (2) A portion of the real property covered by the Original Agreement <br /> was subsequently acquired by 9wxe# Coastal Ritll, who has applied to the City to amend SD-43 <br /> and IwNe approved a new tentative map, and other entitlements. <br /> (3) The City and Owner agree that the changes Owner seeks in the <br /> Original 2005 Agreement substantiate the need to replaee amend the Original Agreement with <br /> the instant Development Agreement, rendering the Original Agreement and the 2005 A reement, <br /> and any offs amendments thereto, null and void as applied to Owner's Property (as the word <br /> "Property" is defined in seetio Section 2.3 herein), <br /> <br /> (4) As more particularly set forth in seefiex Section 2.4 'of this <br /> Agreement, Owner has proposed eenstt~leting-at developing the northeast corner of MacArthur <br /> Boulevard and Imperial Promenade ~*ely 278 pact Go dens-iip eet eon ' tin <br /> e-prejest-and an eight-stoq b lding;together with <br /> appfoximfftely 13,000 ° o feet of <br /> ancillary 'a~81t-ti more than 3 000 square feet may <br /> , <br /> be-devoted to `fast food-er"lake-out"-restatimtits with a 5-st9ry, mutti-family apartment <br /> community consisting of 284 residential units with 2 levels of subterranean parking, and a level <br /> of podium deck parking in 2 separate buildings (the "Project" as further defined in Section 2.4 <br /> 1 <br /> 75A-66 <br />