City Council

4.\nSECOND READING AND ADOPTION OF ORDINANCE NO. 1566 - AN\nORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUSTIN,\nCALIFORNIA, APPROVING DEVELOPMENT AGREEMENT 2024-0004 COMPASS AT RED HILL BY MERITAGE HOMES, INC. - A 73 UNIT\nCONDOMINIUM PROJECT Adoption of Ordinance No. 1566 approves\nDevelopment Agreement 2024-0004 for a residential development project\nthat would include 73 condominium units, four of which will be set aside\nas affordable units on approximately 3.4 acres site located at 13751 and\n13841 Red Hill Avenue.\nRecommendation: That the City Council have second reading by title only\nand adoption of Ordinance No. 1566. ORDINANCE NO. 1566 A\nORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUSTIN,\nCALIFORNIA, APPROVING DEVELOPMENT AGREEMENT (DA) 20240004 BETWEEN THE CITY OF TUSTIN, CALIFORNIA, AND MERITAGE\nHOMES OF CALIFORNIA, INC. TO ACCEPT THE VOLUNTARY\nPROVISION OF COMMUNITY PUBLIC BENEFITS, BY INCLUDING\nFOUR AFFORDABLE HOUSING UNITS FOR VERY-LOW INCOME\nHOUSEHOLDS, A PUBLIC AMENITY SPACE INCLUDING PUBLIC ART\nAND GATEWAY SIGNAGE AT THE CORNER OF RED HILL AVENUE\nAND SAN JUAN, ON-STREET PUBLIC PARKING BAYS ALONG RED\nHILL AVENUE, A NEW TRAFFIC SIGNAL, AND ASSOCIATED OFF-SITE\nIMPROVEMENTS FOR A NEW RESIDENTIAL CONDOMINIUM\nDEVELOPMENT PROJECT THAT WOULD INCLUDE 73 RESIDENTIAL\nCONDOMINIUM UNITS, INCLUDING FOUR (4) AFFORDABLE UNITS,\nON APPROXIMATELY 3.39 ACRES AT 13751 AND 13841 RED HILL\nAVENUE\nAgenda Report