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20250603 Orange County Tustin City Council Item 8. COMPASS AT RED HILL BY MERITAGE HOMES, INC. – A 73 UNIT CONDOMINIUM PROJECT The applicant, Meritage Homes, Inc., is requesting approval to construct 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. The Planning Commission held a public hearing on May 13, 2025, and adopted Resolution Nos. 4526 and 4527, recommending that the City Council approve the proposed project. Recommendation: That the City Council adopt Resolution 25-43 (Attachment 7) approving Residential Allocation Reservation 2025-0001, Design Review 2024-0014, Subdivision 2024-0005/Tentative Tract Map No. 19361, Density Bonus Requests; and adopt Ordinance 1566 (Attachment 8) approving Development Agreement 2024-0004. RESOLUTION NO. 25-43 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, APPROVING RESIDENTIAL ALLOCATION RESERVATION (RAR) 2025-0001, DESIGN REVIEW (DR) 2024-0014, SUBDIVISION (SUB) 2024-0005/ TENTATIVE TRACT MAP (TTM) NO. 19361, DENSITY BONUS REQUEST TO CONSTRUCT A NEW RESIDENTIAL CONDOMINIUM DEVELOPMENT PROJECT THAT WOULD INCLUDE 73 RESIDENTIAL CONDOMINIUM UNITS IN NINE BUILDINGS, INCLUDING FOUR AFFORDABLE UNITS, ON APPROXIMATELY 3.39 ACRES AT 13751 AND 13841 RED HILL AVENUE Fiscal Impact: There is no fiscal impact associated with this item. June 03, 2025 Orange County Tustin City Council Item #8
20250520 Orange County Tustin City Council Closed Session Item 9. SELECTION OF A REAL ESTATE BROKER FOR MARKETING AND SOLICITATION SERVICES FOR CITY-OWNED REAL PROPERTY AT 150 E. FIRST STREET Request for selection of a real estate broker to provide marketing and solicitation services for approximately 0.4 acres of City-owned real property at 150 E. First Street within Development Area 2 of the Downtown Commercial Core Specific Plan. Recommendation: Authorize the City Manager to negotiate and execute a Listing Agreement with Professional Real Estate Services, Inc., subject to non-substantive additions or modifications as may be deemed necessary and/or recommended by the City Attorney. Fiscal Impact: There will be no impact to the General Fund given that commission to a real estate broker is paid at close of escrow on a land sale or execution of a ground lease. The City and Professional Real Estate Services, Inc., have negotiated the following commission: Sale: 4.0% of gross purchase price Lease: 4.0% of the total lease payments for Years 1-10 *Commission to be capped at first 10 years of lease payments. May 20, 2025 Orange County Tustin City Council Closed Session Item #9