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Resolution No. 2021-2 <br />Page 2 of 8 <br />• Affordable Housing Implementation Plan (AH2020-003) ("AHIP") -A program <br />specifying how the Project meets the City's affordable housing requirements, <br />in exchange for a request of 20 percent increase in density and meets the <br />criteria for a development concession related to the mix of affordable unit <br />types pursuant to Chapter 20.32 (Density Bonuses) and Government Code <br />Section 65915 et seq.; <br />• Development Agreement (DA2020-002) ("Development Agreement") - An <br />agreement between the Applicant and the City, which would provide vested <br />rights to develop the Project, while also providing negotiated public benefits; <br />and <br />• Addendum No. ER2020-003 to the 2006 General Plan Update Program <br />Environmental Impact Reports and the 2008-2014 City of Newport Beach <br />Housing Element Update Initial Study/Negative Declaration ("Addendum") - <br />Pursuant to the California Environmental Quality Act ("CEQA"), the <br />Addendum was prepared to address the environmental impacts of the <br />Project; <br />WHEREAS, the Property is designated MU -H2 (Mixed -Use Horizontal 2) by the City <br />of Newport Beach General Plan ("General Plan") Land Use Element and located within the <br />Airport Business Area, and the Airport Business Area Integrated Conceptual Development <br />Plan ("ICDP") which allocates a maximum of 260 residential units to be developed on the <br />Property; <br />WHEREAS, the Property is currently located within the PC -15 (Koll Center <br />Newport Planned Community Office Site B) Zoning District; <br />WHEREAS, the Project is not located in the coastal zone; therefore, amending the <br />Local Coastal Program or a coastal development permit is not required; <br />WHEREAS, a telephonic public hearing was held by the Planning Commission on <br />November 5, 2020, in the City Council Chambers located at 100 Civic Center Drive, <br />Newport Beach, California due to the Declaration of a State Emergency and Proclamation <br />of Local Emergency related to COVID-19. A notice of time, place and purpose of the public <br />hearing was given in accordance with Government Code Section 54950 et seq. ("Ralph <br />M. Brown Act"), and Chapter 20.62 (Public Hearings) of the NBMC. Evidence, both written <br />and oral, was presented to, and considered by, the Planning Commission at this public <br />hearing; <br />