City Council

13. DEVELOPER SELECTION TO NEGOTIATE FOR THE DISPOSITION AND DEVELOPMENT OF 52 ACRES WITHIN THE TUSTIN LEGACY SPECIFIC PLAN Consideration to select developer ALMQUIST Development & Investments to negotiate for the disposition and development of approximately 52 acres of City-owned real property within the Tustin Legacy Specific Plan. The staff supported recommendation is made by an Ad Hoc Committee composed of Councilmember Gallagher and Mayor Lumbard. Recommendation: That the City Council authorize staff and the City’s broker, CCP Real Estate Advisors and SRS Real Estate Partners, to negotiate an Exclusive Negotiating Agreement with ALMQUIST Development & Investments for future City Council consideration.Fiscal Impact: There is no fiscal impact associated with this item.