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HomeMy WebLinkAbout2008-29 - Banning Ranch Development AgreementRESOLUTION NO. 2008- 29 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH ESTABLISHING THE BANNING RANCH DEVELOPMENT AGREEMENT COMMITTEE WHEREAS, the General Plan provides that the Banning Ranch property may be developed with a residential village, if not acquired for open space; and WHEREAS, the Municipal Code provides that projects that require a Zoning Code amendment and include the development of fifty or more residential units require a development agreement; and WHEREAS, Banning Ranch development requires a Zoning Code amendment and could include up to 1,375 residential units; and WHEREAS, the City and the owners of Banning Ranch desire an agreement that outlines terms regarding annexation of the property to the City of Newport Beach; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach as follows: Section 1. The City Council establishes the Banning Ranch Development Agreement Committee, which shall be comprised of two (2) Council members, appointed by the Mayor. Section 2. The duties of the Committee shall be to negotiate the terms of a pre - annexation and development agreement, which will describe development rights of and public benefits to be provided by the developer and outline the terms for annexation of the property to the City of Newport Beach. Section 3. The Committee shall be an ad hoc committee, and shall sunset upon City Council approval of the pre- annexation and development agreement, or earlier if so decided by the City Council. This Resolution was adopted at a regular meeting of the City Council of the City of Newport Beach held on April 22, 2008, by the following vote, to wit: AYES, COUNCIL MEMBERS Henn, Rosansky, Daigle, Webb Urry Gardner, Mayor Selich NOES, COUNCIL MEMBERS. None ABSENT, COUNCIL MEMBERS None ATTEST: 2 STATE OF CALIFORNIA } COUNTY OF ORANGE } as. CITY OF NEWPORT BEACH } I, LaVonne M. Harkless, City Clerk of the City of Newport Beach, California, do hereby certify that the whole number of members of the City Council is seven; that the foregoing resolution, being Resolution No. 2008 -29 was duly and regularly introduced before and adopted by the City Council of said City at a regular meeting of said Council, duly and regularly held on the 22nd day of April 2008, and that the same was so passed and adopted by the following vote, to wit: Ayes: Henn, Rosansky, Daigle, Webb, Curry, Gardner, Mayor Selich Noes: None Absent: None Abstain: None IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the official seal of said City this 23rd day of April 2008. (Seal) City Clerk Newport Beach, California