City Council

10. DEVELOPMENT AGREEMENT 2024-0007, AMENDING DEVELOPMENT\nAGREEMENT 2020-0001 REGARDING TERMS AND PUBLIC BENEFIT\nThe applicant, the Tustin Auto Center Merchants Association, is\nrequesting approval of Development Agreement (DA) 2024-0007 to\namend the term and sponsorship contributions previously established in\nDA 2020-0001. The proposed amendment will extend the term of the\nagreement and establish a methodology for calculating the annual\nsponsorship contribution. The Planning Commission held a public hearing\non December 10, 2024, and adopted Resolution No. 4511, recommending\nthat the City Council adopt Ordinance No. 1560 to approve DA 2024-\n0007. Property Owner and Applicant: John Patterson, Tustin Auto Center\nMerchants Association C/O Powerstone Property Management, 9060\nIrvine Center Drive Irvine, CA 92618 Location: Assessor Parcel No. 500-\n181-08 (Rear of 40 & 44 Auto Center Dr.; No Street Address) General\nPlan: Planned Community Commercial Business Zoning: Planned\nCommunity Commercial\nRecommendation: That the City Council: 1. Conduct first reading by title\nonly for Ordinance No. 1560, approving DA 2024-0007 to amend the term\nand sponsorship contribution previously established by DA 2020-0001,\nand, 2. Set the second reading for the next available Council meeting.\nORDINANCE NO. 1560 AN ORDINANCE OF THE CITY COUNCIL OF\nTHE CITY OF TUSTIN, CALIFORNIA, APPROVING DEVELOPMENT\nAGREEMENT 2024-0007 AMENDING THE TERM AND SPONSORSHIP\n1/31/25, 3:17 PM Regular Meeting of the City Council/Closed Session-4:30 pm/Regular Meeting-6:00 pm\nCONTRIBUTION PREVIOUSLY ESTABLISHED BY DEVELOPMENT\nAGREEMENT 2020-0001 BETWEEN THE CITY OF TUSTIN AND\nTUSTIN AUTO CENTER MERCHANTS ASSOCIATION FOR A\nFREEWAY ADJACENT DIGITAL DISPLAY BILLBOARD AT THE TUSTIN\nAUTO CENTER Fiscal Impact: The proposed amendment would have a\npositive fiscal impact, as it includes an escalated financial contribution\nfrom the Tustin Auto Center Merchants Association based on the average\nannual growth rate of car sales tax, providing proportional increases to the\nCity's public benefit funding for Parks and Recreation events and\nprogramming.