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c• it ri •� <br />C1(t-4 that tN3 dorjT <br />L tree.:.,:. ; for frao c: ,;.rr:'.r );"i <br />the "aiy of :_am" Ara vau covernment <br />Cctla SeWon &i9`J'. fG a1tc7 G • �7 <br />�✓ 65'Bl?.5- <br />RECORDING REQUESTED BY <br />WHEN RECORDED MAIL TO: <br />Clerk of the Council <br />City of Santa Ana <br />20 Civic Center Plaza <br />Santa Ana, CA 92701 <br />90- 625289 lq- <br />iECORDED IN OFFICIAL RECORDS <br />OF ORANGE COUNTY, CALIFORNIA <br />-252 PM NOW'90 749 <br />(Above Space for Recorder's Use Only) <br />DEVELOPMENT AGREEMENT <br />FOR LAKE CENTER PROFESSIONAL OFFICE PARK <br />THIS DEVELOPMENT AGREEI I (1'DeveJ,p�m�nt Agreement ") <br />is made and entered into this y�C day of 4 fb. , 1990, by <br />and between the CITY OF SANTA ANA, a municipal corporation <br />organized and existing under the laws of the State of <br />California ( "City "), and CALIFORNIA PACIFIC PROPERTIES, a <br />California general partnership ( "Developer "). <br />R E C I T A L S: <br />A. California Government Code SS 65864 gt sea. <br />provide that the legislative body of a city may enter into a <br />development agreement with persons having legal or equitable <br />interests in real property for the development of real <br />property in order to, among other things: (i) vest certain <br />rights in the developer; (ii) provide certainty in the <br />approval of development projects in order to avoid the waste <br />of resources,; (iii) encourage investment in and commitment to <br />comprehensive planning which will make maximum efficient <br />utilization of resources at the least economic cost to the <br />public; (iv) strengthen the public planning process and <br />encourage private participation in comprehensive planning; <br />and (v) reduce the economic costs of development by providing <br />assurance to the developer that the developer may proceed <br />with its projects in accordance with existing policies, <br />rules, and regulations subject to conditions of approval. <br />B. Pursuant to California Government Code Section <br />65865, the City has adopted its Resolution No. 82 -92, <br />establishing procedures and requirements for the approval of <br />development agreements. Developer has applied to the City <br />pursuant to California Government Code Sections 65864- <br />65869.5, and pursuant to said Resolution for approval of the <br />Development Agreement set forth herein. <br />0011\DSC\CAL— PAC \CAL— PAC.AG4 <br />EXHIBIT 4 <br />i5A -•11 <br />