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COOPI3RAT1V13 AOR131UMBRT i7OR <br />OFF -SITU Ii&ROVIRMBISITS <br />THIS Agreement Is encored into this. - -- day of -, -- - -. - -- -, 2405, by aid botwcon <br />[lie SANDPOINTB N1310MORHOOD ASSOCIATION, INC., a California, non- prollt publio <br />hauefit grid fbticral 501(0)(3) corporation (118andpoWito "), thoNDWS DBVSLOPMHNT <br />CORPORATION /MTttAL DIVISION, INC. a Callfori)ia corporatlon aid q10 Grand Plan 2, <br />UC, a Cafifbnua Limited Liability Company (colleolively roferred to herein as "Nexus "), <br />COASTAL RIM PROPERTIES, INC,, a Cnlifort9a corfloralion (" Conova Commons "), the <br />COMMUMTY RBDBV)3LOP1bIt3i4`i' AGBKCY OF THIS CdV OP SANTA ANA, apublio body <br />corpomle and politlo (1ho "Agony "), acid the CITY OF SANTA ANA, a chatter city andmualeipal <br />cotlloradolt duly organized and oxis(lug under 111e Constitution and laws of flie State of California <br />0110 "City") <br />WfTtMUTH <br />A. , Nexus has proposed constructing at flifflon Contar a flvo loyal r"JAwillat <br />condorotniatm project, hvo 23- residentlet lcvol cnnd6minium Iilot -rise and otre 24•reoldential level <br />condomh)iwn.(fer 4 total not to exceed 835 eondol0ihnn 01910), together will) A11011IRry retail lint <br />to exceed 14,000 squaro feet (01o'Tlexus Project "). <br />B. Geneva Colrnuons has proposed constmoting at the norihoast eornor ofMIwAtlhur <br />Boulevard And imperial Promenade an approximately 278 -uOt eondomInium project cunsisiing of <br />an 18- rosidenliMl love( high rise project and an olgbl -story building, logothorwith attolliary retail <br />(ilia " Ceneva Commons Project "), <br />C. Sandpolnto Is a no)t- proflt cotporallon that serves as a conduit bolweon tho <br />Sandpointo Nelghborltood ( "Nelghborltood") and outsidu community and political lntorosts, <br />SAUdpohrte 1161gliborhood is A rasldonital noigllborh6od of singlo family and sotto multi- family <br />homes in the southoaat portion of Smile Ana. The SandpointeNoighborltood consists of <br />approxbnaioly 800 residences, Sandpointodoes not have lice authority to bind any individual <br />rasidont of the, Snndpo Into N0lghborllaod, <br />D. T110Ag0ney Is a cornmtalltyredovolop »font Agonoy, as that Conn is Maw In <br />California Health & Safety Cade § 33100, in 1982, rho Agenoy oreatcd the South Main <br />Redevolopmont Projeot Arca ( "Projeot Aron "), and Nexus and Genova Commons aro Wonted within <br />[Ito Projeot Area, <br />E• Sandpolnle has Idenilfled eorWo physical Improvoments needed In ilia Area of Iho <br />Neigllbothood MACAro necessitated by or would 1n same way offset theNipaol ottho two <br />dcvclopindnt projeots. Nexus And ConevA•Commons'destro to contdbuto towards 010 rest Andlor <br />construcllon of thesolmptovemants to tlle,Sandpolnto neighborhood in addition to and to <br />' LXCIlt3lx D <br />Ordinance No. N$-2040 t <br />Page 20 of 61 <br />