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HomeMy WebLinkAbout18 - OB-1 - Second Reading of Ordinance No.15-12 - 11/3/2015CITY COUNCIL AGENDA REPORT MEETING DATE: NOVEMBER 3, 2015 ITEM NUMBER: OB -1 SUBJECT: SECOND READING OF ORDINANCE NO. 15-12 FOR SECOND AMENDMENT TO DEVELOPMENT AGREEMENT DA -00-02 DATE: OCTOBER 23, 2015 FROM: DEVELOPMENT SERVICES DEPARTMENT PRESENTATION BY: MINOO ASHABI, PRINCIPAL PLANNER FOR FURTHER INFORMATION CONTACT: MINOO ASHABI, AIA (714) 754-5610 Minoo.ashabi@costamesaca.gov RECOMMENDATION: Give second reading to Ordinance No. 15-12 approving the following: • Second amendment to Development Agreement DA -00-02 (Segerstrom Town Center): 1 a) Extend the term of the development agreement (originally executed in 2001) for an additional 20 years to the year 2035, except as otherwise described in 1 b. 1 b) For the properties located at 3400 and 3420 Bristol Street within Segerstrom Town Center Sub -Area 3, the term of the development agreement shall be 10 years, to the year 2025. However, the Development Services Department shall automatically grant a 5 -year extension, to the year 2030, at a staff level provided that construction started on at least 30% of the projects on these specified parcels. 2) Provide consistency between the development agreement and the entitlements approved on January 16, 2007 by General Plan Amendment (GP -06-02) as included in North Costa Mesa Specific Plan. ANALYSIS: On October 20, 2015, City Council gave first reading to Ordinance No. 15-12 by a 5-0 vote. The ordinance adopts the second amendment to Development Agreement DA -00-02 to extend the term and provide consistency between the agreement and the North Costa Mesa Specific Plan. MINOO ASHABI, AIA Principal Planner Attachment: Ordinance No. 15-12 GARY ARMSTRONG, AICP Economic Development & Development Services Director / Deputy CEO cc: Chief Executive Officer Assistant Chief Executive Officer Director of Economic & Development/Deputy CEO Public Services Director City Attorney Transportation Services Manager City Engineer City Clerk (20) Staff (7) File (2) Justin McCusker C.J. Segerstrom & Sons 3315 Fairview Road Costa Mesa, CA 92626