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<br /> <br /> <br /> <br /> Council discussion ensued. Mayor Pro Tern Tinajero commented on <br /> developer's commitment to not flip project. Staff indicated that not <br /> uncommon for assignment of project to be transferred; prohibition <br /> extended through April, 2014; council would have to agree to remove <br /> prohibition; current development agreement cannot transfer without <br /> approval; language may be added to modified development agreement; <br /> future transfers require City Council approval. <br /> <br /> Councilmember Sarmiento noted Planning Commission's discussion on <br /> Council approval authority. <br /> <br /> Mayor Pulido agreed to friendly amendment to the motion to include <br /> language on transfer. <br /> <br /> Greg Powers with Jackson, DeMarco, Tidus, and Peckinpaugh, attorney <br /> representing the Genesis Real Estate Group, agreed to terms. <br /> <br /> Gordon Ip, Principal of Genesis Real Estate Group, assured City Council <br /> that site will be developed and expressed commitment to fully develop <br /> project (existing 270 units no change in spacing, will return for approval of <br /> study on mid-rise component). <br /> <br /> Councilmember Sarmiento noted City Council expectation to develop site. <br /> Planning and Building Executive Director Jay Trevino commented on <br /> council discretion limited because transfer needs cause for not approving; <br /> noted that developer successfully completed similar projects in <br /> surrounding cities. Mayor Pulido withdrew friendly amendment to motion. <br /> <br /> Councilmember Martinez commented on history of site; project will create <br /> jobs. <br /> <br /> Councilmember Benavides noted that City Attorney's Office has opined <br /> that he does not have a conflict of interest since Prudential has separate <br /> legal entities. <br /> <br /> MOTION: <br /> <br /> 1. Place ordinance on first reading and authorize publication of title. <br /> <br /> ORDINANCE NO. NS-2849 - AN ORDINANCE OF THE CITY <br /> COUNCIL OF THE CITY OF SANTA ANA APPROVING A SECOND <br /> AMENDED DEVELOPMENT AGREEMENT BETWEEN THE CITY OF <br /> SANTA ANA AND VDC AT THE MET, LLC, A CALIFORNIA LIMITED <br /> LIABILITY COMPANY <br /> 2. Adopt a resolution. <br /> <br /> <br /> <br /> <br /> CITY COUNCIL MINUTES 20 AUGUST 5, 2013 <br /> 1 OA-20 <br />