City Council

18. CONTINUANCE REQUEST FOR FIRST AMENDMENT TO DEVELOPMENT AGREEMENT 2022-0002 - THE JESSUP AT 17802 - 17842 IRVINE BOULEVARD Development Agreement 2022-0002 is an agreement between the City of Tustin and Tustin 40 Development LLC. for the "The Jessup" residential project. The proposed amendment is a request to eliminate the owner’s requirement to pay for the Voluntary Workforce Housing Incentive Program In-Lieu Fee in conjunction with the project. On July 9, 2024, the Planning Commission held a public hearing on the proposed request and adopted Resolution No. 4492, recommending that the City Council adopt Ordinance No. 1544 approving the first amendment to Development Agreement 2022-0002. Since the City Council meeting of August 20, 2024, will focus on discussion related to local reuse authority, staff is requesting that the item be continued to the next available City Council meeting. Recommendation: That the City Council continue the first amendment to Development Agreement (DA) 2022-0002 to the September 17, 2024, City Council meeting. Fiscal Impact: There is no fiscal impact associated with this item.