City Council

18. CONTINUANCE REQUEST FOR FIRST AMENDMENT TO\nDEVELOPMENT AGREEMENT 2022-0002 - THE JESSUP AT 17802 -\n17842 IRVINE BOULEVARD Development Agreement 2022-0002 is an\nagreement between the City of Tustin and Tustin 40 Development LLC. for\nthe "The Jessup" residential project. The proposed amendment is a\nrequest to eliminate the owner’s requirement to pay for the Voluntary\nWorkforce Housing Incentive Program In-Lieu Fee in conjunction with the\nproject. On July 9, 2024, the Planning Commission held a public hearing\non the proposed request and adopted Resolution No. 4492,\nrecommending that the City Council adopt Ordinance No. 1544 approving\nthe first amendment to Development Agreement 2022-0002. Since the\nCity Council meeting of August 20, 2024, will focus on discussion related\nto local reuse authority, staff is requesting that the item be continued to\nthe next available City Council meeting.\nRecommendation: That the City Council continue the first amendment to\nDevelopment Agreement (DA) 2022-0002 to the September 17, 2024, City\nCouncil meeting. Fiscal Impact: There is no fiscal impact associated with\nthis item.