040405 Jt PH Cond Use, Develpo Agmt, Zoning, etc.-Geneva Commons Proj 200 E. First American Way

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CUP No. 04 -24, DA No. 04 -03, TTM No. 04 -05, VA No. 04 -11, ZOA No. 04 -05 and SPR No. 04 -06 November 22, 2004 Page 7 order to address impacts associated with their development and to enhance the Sandpointe neighborhood (see Exhibit D of Exhibit 7 [Development Agreement]). This agreement proposes to construct numerous improvements in and around the Sandpointe neighborhood in addition to the mitigation measures and conditions of approval imposed by the City for their respective developments. The improvements will result in a total cost of approximately $8.7 million, of which Geneva Commons shall contribute approximately $1 million. The Redevelopment Agency's obligation (from future tax increment) shall not exceed $5 million, with Nexus Development responsible for contributing the remaining $2.7 million. The primary improvements referenced in the five party agreement include: a. The demolition and construction of a new 8 -foot high painted block wall with landscaping on Main Street from Murphy Avenue south to Sunflower Avenue, and on Sunflower Avenue from Main Tentative Tract Ma Since Geneva Commons is an exclusively for -sale project, the applicant is requesting approval of a tentative tract map for condominium purposes. Based on a review of the tentative map by the Planning Division and Public Works Agency, the project has been designed to be in compliance with the applicable development standards found in Chapters 34 (Subdivision) and 41 (Zoning) of the Santa Ana Municipal Code and the SD -43 zoning document. Street to just east of Ross Street ($1.1 million). b. The installation of a traffic signal at MacArthur Boulevard and Birch Street_ ($200,000)._ C. The replacement of windows for approximately 40 homes that back onto Main Street ($140,000). d. Construction of a new loading zone for Taft Elementary School on an adjacent church property ($1 million). e. Contributing $200,000 to the City for the preparation and implementation of a Neighborhood Traffic Management Plan. The plan will review changes in traffic patterns within the Sandpointe neighborhood after completion of the project and includes construction of appropriate measures to mitigate the increased traffic. f. The undergrounding of utility lines on Main Street, MacArthur Boulevard and Sunflower Avenue (estimated cost of approximately $3.2 million). Tentative Tract Ma Since Geneva Commons is an exclusively for -sale project, the applicant is requesting approval of a tentative tract map for condominium purposes. Based on a review of the tentative map by the Planning Division and Public Works Agency, the project has been designed to be in compliance with the applicable development standards found in Chapters 34 (Subdivision) and 41 (Zoning) of the Santa Ana Municipal Code and the SD -43 zoning document.