SR - AGR-4545.W - SECOND READING DEVELOPMENT AGREEMENT 605 BUILDING SITE LEWIS STREET CITY PARKWAY WESTORDINANCE NO. 07-14
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY
OF ORANGE APPROVING AN AMENDED AND
RESTATED DEVELOPMENT AGREEMENT NO. 0002 -14
BY AND BETWEEN THE CITY OF ORANGE AND
WALTON /GREENLAW CITY PLAZA HOLDINGS VI,
LLC, FOR DEVELOPMENT PROJECT KNOWN AS
"CITY PLAZA TWO" LOCATED NORTH OF
METROPOLITAN DRIVE AND EAST OF LEWIS STREET
AT ONE CITY BLVD. WEST.
APPLICANT: WALTON /GREENLAW CITY PLAZA HOLDING VI, LLC
WHEREAS, Section 65864 et seq. of the California Government Code authorizes cities
to enter into Development Agreements with any person having a legal or equitable interest in
real property for the development of such property; and
WHEREAS, the City Council of the City of Orange has adopted Chapter 17.44 of the
Orange Municipal Code, which establishes procedures for the processing and approval of
Development agreements; and
WHEREAS, Walton /Greenlaw CITY PLAZA HOLDINGS VI, LLC, a Delaware limited
liability company (the Developer), is the owner of certain real property located in the City of
Orange commonly referred to as "City Plaza Two," which is more particularly described in the
Development Agreement attached to this Ordinance as Exhibit A. The City Plaza Two site is
located north of Metropolitan Drive midway between Lewis Street and The City Drive; and
WHEREAS, the City Council approved a Development Agreement on September 28,
2004, with a previous land owner for the development of the projects approved by the City
Council on October 9, 2001, through City Council Resolutions Nos. 9521 and 9522; and
WHEREAS, the Developer has a legal and equitable interest in the City Plaza Two site
and has made application to the City to enter into such Amended and Restated Development
Agreement for the development of the projects approved by the City Council on October 9,
2001, and briefly summarized as a 10- story, 360,000 square foot office building and a six -level
parking structure; and
WHEREAS, an application was filed by the Developer to amend and restate the existing
Development Agreement; and
WHEREAS, the extension of Development Agreement No. 0002 -014 was processed in a
time and manner prescribed by State and local law; and
ITEM: / ' ' W DATE OF MEETING: //_