City Council

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