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ORDINANCE NO. 2001-11 <br />AN ORDINANCE OF THE CITY COUNCIL OF THE <br />CITY OF NEWPORT BEACH APPROVING A <br />DEVELOPMENT AGREEMENT FOR KOLL <br />CENTER NEWPORT OFFICE SITE B <br />[DEVELOPMENT AGREEMENT NO. 161 <br />WHEREAS, Koll Center Newport Number A ( "Developer "), 1900 Main Street, <br />Suite 350, Irvine, California, has applied to the City of Newport Beach ( "City ") for a <br />General Plan Amendment (GPA 97 -3(B)) and a Planned Community Amendment for <br />"Office Site B" of the Koll Center Newport (KCN) Planned Community in order to allow <br />future additional development on Parcel 1 of PMB 114/22 -24 and Parcels 1, 2, and 7 of <br />PMB 181/13 -19; and <br />WHEREAS, the GPA 97 -3(B) would increase the allowable building floor area <br />of KCN Office Site B by 250,000 gross square feet, to a maximum of 1,310,898 gross <br />square feet; and <br />WHEREAS, a Development Agreement was prepared, attached hereto as Exhibit <br />"DA -1 "; and <br />WHEREAS, the Development Agreement provides for certain rights, obligations, <br />and assurances on the parts of both the City and the Developer; and <br />WHEREAS, on August 3 and September 7, 2000 and June 7, 2001, the Planning <br />Commission held duly- noticed public hearings, and, at the conclusion of the hearing and <br />after considering the evidence and arguments submitted by the City staff, Developer, and <br />all interested parties, adopted a resolution recommending that the City Council approve <br />the Development Agreement; and <br />WHEREAS, on June 26, 2001, the City Council held a public hearing and <br />considered the Development Agreement, the recommendation of the Planning <br />Commission, and the evidence and arguments submitted by the City staff, Developer, and <br />all interested parties A notice of time, place and purpose of the public hearing was duly <br />given and testimony was presented to and considered by the City Council at the public <br />hearing. <br />