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Second Amendment and Extension — <br />Settlement Agreement <br />May 19, 2015 <br />Page 2 <br />construction of public improvements within the South Main Corridor area, $250,000 for design <br />services to be provided by Gensler and Associates, and other provisions. <br />One of those provisions specified that within six months of the date of the original settlement <br />agreement, Peebler /University of California, Irvine School of Law, Community and Economic <br />Development Clinic ( "UCI ") is required to submit a list of proposed public improvements to the <br />City for review and approval, and that the City will be required to approve the list of <br />publicimprovements for development within nine months of the date of the agreement. These <br />deadlines are currently May 14, 2015 and August 14, 2015, respectively. <br />To date, Peebler /UCI has not executed the agreement with Gensler and Associates for design <br />services and is not ready to submit the list of proposed public improvements by the May 14, 2015 <br />deadline. Therefore, Peebler /UCI has requested an extension of the deadlines. In order to <br />provide Gensler sufficient time to provide the design services in order for the list of proposed <br />public improvements to be developed, it is recommended that Peebler /UCI's request be granted. <br />Therefore, the Second Amendment and Extension of Settlement Agreement and Mutual and <br />General Release (Exhibit 1) will extend the deadline for Peebler /UCI to submit the list of proposed <br />public improvements to December 31, 2015, and the deadline for the City to review and approve <br />the list will be extended to March 31, 2016. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's effort to meet Goal #6 Community Facilities & <br />Infrastructure, Objective #1 (Establish and maintain a Community Investment Plan for all City <br />assets). <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />Kelly Reenders <br />Executive Director <br />Community Development Agency <br />kr /sg /sb <br />Exhibit: 1. Second Amendment and Extension of Settlement Agreement and Mutual and <br />General Release <br />3 -2 <br />