City Council

11. SECOND READING AND ADOPTION OF ORDINANCE NO. 1532\nAPPROVING DEVELOPMENT AGREEMENT (DA) 2022-0002\nBETWEEN THE CITY OF TUSTIN AND INTRACORP SO CAL-1, LLC TO\nACCEPT THE VOLUNTARY PROVISION OF COMMUNITY PUBLIC\nBENEFITS, BY INCLUDING TWO (2) AFFORDABLE HOUSING UNITS\nFOR VERY-LOW INCOME HOUSEHOLDS, EQUITY SHARING, AND\nPAYMENT OF AN AFFORDABLE HOUSING IN-LIEU FEE AND FOR A\n40-UNIT RESIDENTIAL CONDOMINIUM PROJECT AT 17802 AND\n17842 IRVINE BOULEVARD Adoption of Ordinance No. 1532 approving\nDevelopment Agreement 2022-0002 to accept the voluntary provision of\ncommunity public benefits, by including two (2) affordable housing units\nfor very-low income households, equity sharing, payment of affordable\nhousing in-lieu fee.\nRecommendation: That the City Council have second reading by title only\nand adoption of Ordinance No. 1532. ORDINANCE NO. 1532 AN\nORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUSTIN,\nCALIFORNIA APPROVING DEVELOPMENT AGREEMENT (DA) 2022-\n0002 BETWEEN THE CITY OF TUSTIN AND INTRACORP SO CAL-1,\nLLC TO ACCEPT THE VOLUNTARY PROVISION OF COMMUNITY\nPUBLIC BENEFITS, BY INCLUDING TWO (2) AFFORDABLE HOUSING\nUNITS FOR VERY-LOW INCOME HOUSEHOLDS, EQUITY SHARING,\nAND PAYMENT OF AN AFFORDABLE HOUSING IN-LIEU FEE AND\nFOR A 40-UNIT RESIDENTIAL CONDOMINIUM PROJECT AT 17802\nAND 17842 IRVINE BOULEVARD\nAGENDA ITEM