HomeMy WebLinkAbout95-42 - Adopting the First Amendment to the Development Agreement Between the City of Newport Beach and the Irvine Company, Inc. With Respect to the Circulation Improvement and Open Space Agreement (CIOSA) (Development Agreement No. 6)ORDINANCE NO. 95 -42
AN ORDINANCE OF THE CITY OF NEWPORT BEACH
ADOPTING THE FIRST AMEDNMENT TO THE
DEVELOPMENT AGREEMENT BETWEEN THE CrrY OF
• NEWPORT BEACH AND THE IRVINE COMPANY, INC. WITH
RESPECT TO THE CIRCULATION IMPROVEMENT AND
OPEN SPACE AGREEMENT (CIOSA)
(DEVELOPMENT AGREEMENT NO. 6)
The City Council of the City of Newport Beach DOES ORDAIN as follows:
SECTION 1. The City Council finds and declares that:
a. 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
• b. 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
C. 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
d. Chapter 15.45 of the Newport Beach Municipal Code provides requirements
and procedures for the amendment of development agreements; and
e. The First Amendment to Development Agreement No. 6 has been prepared in
_ compliance with state law and the Newport Beach Municipal Code; and
1W £ In compliance with state law and city ordinance, a duly noticed public hearing
was held by the City Council to consider First Amendment to Development Agreement No. 6; and
I
g. The City Council finds that First Amendment to Development Agreement No.
6 is in compliance with the California Environmental Quality Act and Guidelines promulgated
thereunder, and
h. The City Council finds that said First Amendment to Development Agreement
• No. 6 is in conformance with the Newport Beach General Plan.
SECTION 2. First Amendment to Development Agreement No. 6 (Ordinance No.
95 -42 is hereby adopted and made apart hereof by this reference.
SECTION 3. Copies of said Development Agreement are on file in the offices of the
City Clerk and Planning Department of the City of Newport Beach.
SECTION 4. This Ordinance shall be published once in the official newspaper of the
City, and the same shall be effective thirty (30) days after the date of its adoption.
This Ordinance was introduced at a regular meeting ofthe City Council of the City of Newport
Beach held on the 28th day of August 1995, and was adopted on the IIth day ofSept,
1995, by the following vote, to wit:
• AYES, COUNCIL MEMBERS EDWARDS, WATT,
ATTEST
CrIYCLERK
DEBAY, HEDGES, COX, GLOVER, O'NEIL
NOES, COUNCIL MEMBERS NONE
ABSENT COUNCIL MEMBERS NONE
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MAYOR
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