City Council

12. DEVELOPMENT AGREEMENT 2024-0003, VESTING TENTATIVE\nTRACT MAP 19353, DESIGN REVIEW 2024-0013 AND DENSITY\nBONUS REQUEST The Irvine Company is requesting approval of\nDevelopment Agreement (DA) 2024-0003, Vesting Tentative Tract Map\n19353 (SUB 2024-0004), Design Review (DR) 2024-0013 and a Density\nBonus request related to the development of a total of 1,336 apartment\nunits, which includes 334 affordable units within Neighborhood D South of\nthe Tustin Legacy Specific Plan. The Planning Commission held a public\nhearing on January 14, 2025, and adopted Resolutions No. 4514 and\n4515, finding the location, purpose, and extent of the proposed disposition\nof real property is consistent with the General Plan and Tustin Legacy\nSpecific Plan, and recommending that the City Council adopt Resolution\nNo. 25-07 to approve DR 2024-0013, SUB 2024-0004, and a Density\nBonus request and related deviations, and adopt Ordinance No. 1561 to\napprove DA 2024-0003. Applicant: Irvine Company Attn: Kevin Roberts,\n550 Newport Center Drive, Newport Beach CA 92660 Location: Lots 11,\n12 And 13 Of Tract 18197; Generally Bounded By Warner Avenue To The\nNorth, Legacy Avenue To The East, Compass Avenue To The West And\nTustin Ranch Road To The South, Within Planning Area 13 And 14 Of\nNeighborhood D, Tustin Legacy Specific Plan. General Plan: Tustin\nLegacy Specific Plan Zoning: Tustin Legacy Specific Plan\nRecommendation: That the City Council: 1. Adopt Resolution No. 25-07\napproving Design Review (DR) 2024-0013, Vesting Tentative Tract Map\n(VTTM) 19353 and a Density Bonus request. 2. Conduct first reading by\ntitle only for Ordinance No. 1561, approving Development Agreement\n(DA) 2024-0003 to facilitate the development and conveyance of a 19.4-\nacre project site and set the second reading at a future Council meeting.\nRESOLUTION NO. 25-07 A RESOLUTION OF THE CITY COUNCIL OF\nTHE CITY OF TUSTIN, CALIFORNIA, APPROVING SUB 2024-\n0004/VESTING TENTATIVE TRACT MAP 19353, DESIGN REVIEW\n2024-0013, AND A REQUEST FOR DENSITY BONUS, FOR THE\nDEVELOPMENT OF 1,336 APARTMENT HOMES ON LOTS 11, 12, AND\n13 OF TRACT 18197 WITHIN PLANNING AREA 13 and 14\n(NEIGHBORHOOD D) OF THE TUSTIN LEGACY SPECIFIC PLAN.\nORDINANCE NO. 1561 AN ORDINANCE OF THE CITY COUNCIL OF\nTHE CITY OF TUSTIN, CALIFORNIA, APPROVING DEVELOPMENT\nAGREEMENT 2024-0003 BETWEEN THE CITY OF TUSTIN AND IRVINE\nCOMPANY FOR THE DEVELOPMENT OF A 19.4-ACRE SITE WITHIN\nTUSTIN LEGACY WITH 1,336 APARTMENT HOMES INCLUDING 334\nAFFORDABLE UNITS Fiscal Impact: The applicant has paid the required\napplication fees for the proposed project. The fiscal impact resulting from\nthe sale of the property, and other actions related to the sale, will be\naddressed within the City Council's consideration of the project's\nDisposition and Development Agreement (DDA), which is not a part of this\nrequest.