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HomeMy WebLinkAbout1435 - RECOMMEND APPROVAL_FIRST AMEND TO DA #8I' RESOLUTIONNO. 1435 A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF NEWPORT BEACH RECOMMENDING CITY COUNCIL APPROVAL OF THE FIRST AMENDMENT TO DEVELOPMENT AGREEMENT NO. 8 WHEREAS, the State Legislature and the City Council have determined that the lack of certainty in the approval of development projects can result in a waste of resources, escalate the cost of housing and other development to the consumer, and discourage investment in and commitment to comprehensive planning which would make maximum efficient utilization of resources at the least economic cost to the public; and WHEREAS, the assurance that an applicant may proceed with a project in • accordance with existing policies, rules and regulations, and subject to conditions of approval, will strengthen the public planning process, encourage private participation in comprehensive planning, and reduce the economic costs of development; and WHEREAS, California Government Code Section 65864 et seq. authorizes cities to enter into development agreements with any person having a legal or equitable interest in real property for the development of the property; and WHEREAS, Chapter 15.45 of the Newport Beach Municipal Code provides requirements and procedures for the amendment of development agreements; and WHEREAS, the First Amendment to Development Agreement No. 8 has been prepared in compliance with state law and the Newport Beach Municipal Code; and WHEREAS, in compliance with state law and city ordinance, a duly noticed public Shearing was held by the Planning Commission to consider the First Amendment to Development Agreement No, 8; and WHEREAS, the Planning Commission finds that the Amendment is in compliance with the California Environmental Quality Act and Guidelines promulgated thereunder; and WHEREAS, the Planning Commission finds that said Amendment is in conformance with the Newport Beach General Plan; and WHEREAS, the adoption of the Development Agreement Amendment will not preclude the City from conducting future discretionary reviews in connection with the project, nor • U, would it prevent the City from imposing conditions or requirements to mitigate significant impacts identified in such reviews provided that the measures do not render the project infeasible. NOW, THEREFORE, BE IT RESOLVED that the Planning Commission of the City of Newport Beach hereby recommends City Council approval of the First Amendment to Development Agreement No. 8. ADOPTED this 20th day of June, 1996, by the following vote, to wit: AYES Thomson, Gifford, Adams, Kranzley, Selich NOES none ABSENT Ridgeway, Pomeroy BY >Z TOD W. RIDGE! Y 1 CHAIRMAN BY MICHAEL C. KRANZLEY SECRETARY Attachment: Exhibitl: First Amendment to Development Agreement No. 8 PI,T:..C: \MSOF ?ICE \W IN W ORD \PC \RES- DA8.DOC