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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> COOPERATIVE AGREEMENT FOR <br /> OFF-SITE IMPROVEMENTS <br /> THIS Agreement Is entered into this day of , 2005, by and between <br /> the SANDPOINTE NEIGHBORHOOD ASSOCIATION, INC., a California, non-profit publio <br /> benefit and federa1501(e)(3) corporation ("Sandpointe"), the NEXUS DEVELOPMENT <br /> CORPORATION/CENTRAL DIVISION, INC. a California corporation and The Grand Plan 2, <br /> LLC, a California Limited Liability Company (collectively referred to herein as "Nexus"), <br /> COASTAL RIM PROPERTIES, INC., a California corporation ("Geneva Commons"), the <br /> COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, a public body <br /> corporate and politic (the "Agency"), and the CITY OF SANTA ANA, a charter city and municipal <br /> corporation duly organized and existing under the Constitution and laws of the State of California <br /> (the "City") <br /> WITNESSETH <br /> A. . Nexus has proposed constructing at Hutton Center a five level residential <br /> condominium project, two 23-residential level condominium high-rise and one 24-residential level <br /> condominium.(for a total not to exceed 835 condominium units), together with ancillary retail not <br /> to exceed 14,000 square feet (the "Nexus Project'). <br /> <br /> B. Geneva Commons has proposed constructing at the northeast corner of MacArthur <br /> Boulevard and Imperial Promenade an approximately 278-unit condominium project consisting of <br /> an 18-residential level high rise project and an night-story building, together with ancillary retail <br /> (the "Geneva Commons Project"), <br /> C. Sandpointe is a non-profit corporation that serves as a conduit between the <br /> Sandpointe Neighborhood CWelgliborhood") and outside community and political interests. <br /> Sandpointe Neighborhood is a residential neighborhood of single family and some multi-family <br /> homes in the southeast portion of Santa Ana. The Sandpointe Neighborhood consists of <br /> approximately 800 residences. Sandpointe does not have the authority to bind any individual <br /> resident of the SandpointeNeighborhood. <br /> D. The Agency is a community redevelopment agency, as that term is defined in <br /> California Health & Safety Code § 33100. In 1982, the Agency created the South Main <br /> Redevelopment Project Area ("Project Area"), and Nexus and Geneva Commons are located within <br /> the Project Area. <br /> B Ssndpointe has identified eortairt physical improvements needed In the area of the <br /> Neighborhood that am necessitated by or would in some way offset the hnpact of the two <br /> devetopmdnt projects. Nexus and Geneva Commons'desire to contribute towards the cost and/or <br /> construction of those improvements to the Sandpointe neighborhood in addition to and to <br /> <br /> EXHIBIT D <br /> Ordinance No. NS-26130 I <br /> Page 30 of 61 <br /> <br /> <br /> <br /> <br /> 11 A-34 <br />