City Council

10. DEVELOPMENT AGREEMENT 2024-0007, AMENDING DEVELOPMENT AGREEMENT 2020-0001 REGARDING TERMS AND PUBLIC BENEFIT The applicant, the Tustin Auto Center Merchants Association, is requesting approval of Development Agreement (DA) 2024-0007 to amend the term and sponsorship contributions previously established in DA 2020-0001. The proposed amendment will extend the term of the agreement and establish a methodology for calculating the annual sponsorship contribution. The Planning Commission held a public hearing on December 10, 2024, and adopted Resolution No. 4511, recommending that the City Council adopt Ordinance No. 1560 to approve DA 2024- 0007. Property Owner and Applicant: John Patterson, Tustin Auto Center Merchants Association C/O Powerstone Property Management, 9060 Irvine Center Drive Irvine, CA 92618 Location: Assessor Parcel No. 500- 181-08 (Rear of 40 & 44 Auto Center Dr.; No Street Address) General Plan: Planned Community Commercial Business Zoning: Planned Community Commercial Recommendation: That the City Council: 1. Conduct first reading by title only for Ordinance No. 1560, approving DA 2024-0007 to amend the term and sponsorship contribution previously established by DA 2020-0001, and, 2. Set the second reading for the next available Council meeting. ORDINANCE NO. 1560 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, APPROVING DEVELOPMENT AGREEMENT 2024-0007 AMENDING THE TERM AND SPONSORSHIP 1/31/25, 3:17 PM Regular Meeting of the City Council/Closed Session-4:30 pm/Regular Meeting-6:00 pm CONTRIBUTION PREVIOUSLY ESTABLISHED BY DEVELOPMENT AGREEMENT 2020-0001 BETWEEN THE CITY OF TUSTIN AND TUSTIN AUTO CENTER MERCHANTS ASSOCIATION FOR A FREEWAY ADJACENT DIGITAL DISPLAY BILLBOARD AT THE TUSTIN AUTO CENTER Fiscal Impact: The proposed amendment would have a positive fiscal impact, as it includes an escalated financial contribution from the Tustin Auto Center Merchants Association based on the average annual growth rate of car sales tax, providing proportional increases to the City's public benefit funding for Parks and Recreation events and programming.