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RESOLUTION NO. 2021-3 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF NEWPORT BEACH, CALIFORNIA, APPROVING <br />MAJOR SITE DEVELOPMENT REVIEW NO. SD2020- <br />006, LOT LINE ADJUSTMENT NO. LA2020-0029 <br />AFFORDABLE HOUSING IMPLEMENTATION PLAN NO. <br />AH2O20-003, AND TRAFFIC STUDY NO. TS2020-001 <br />FOR THE RESIDENCES AT 4400 VON KARMAN <br />PROJECT LOCATED AT 4400 VON KARMAN AVENUE <br />(PA2020-061) <br />WHEREAS, Section 200 of the City of Newport Beach ("City") Charter vests the <br />City Council with the authority to make and enforce all laws, rules and regulations with <br />respect to municipal affairs subject only to the restrictions and limitations contained in the <br />Charter and the State Constitution, and the power to exercise, or act pursuant to any and <br />all rights, powers, and privileges, or procedures granted or prescribed by any law of the <br />State of California; <br />WHEREAS, an application was filed by TPG (KCN) Acquisition, LLC., ("Applicant") <br />with respect to property located at 4400 Von Karman Avenue, generally bounded by Birch <br />Street and Von Karman Avenue, legally described in Exhibit "A", which is attached hereto <br />and incorporated herein by reference ("Property"); <br />WHEREAS, the Applicant is requesting approvals for the development of 312 <br />apartment units atop an 825 -space parking structure, a separate 284 -space free-standing <br />parking structure, an approximately one -acre public park, and reconfiguration of existing <br />surface parking lots serving existing office buildings ("Project") which require the following <br />approvals from the City: <br />• Planned Community Development Plan Amendment (PD2020-001) ("PCDP <br />Amendment") - An amendment to Planned Community Development Plan <br />#15 (Koll Center Newport Planned Community) for the creation of a <br />residential overlay zone and park overlay zone to allow for residential use and <br />a public park within the Koll Center Newport Professional and Business Office <br />Site B ("Office Site B' ); <br />• Major Site Development Review (SD2020-006) ("SD") - A site development <br />review in accordance with the amended Koll Center Newport Planned <br />Community and Section 20.52.080 (Site Development Reviews) of the <br />Newport Beach Municipal Code ("NBMC") for the construction of the Project; <br />