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6255ORDINANCE NO. 6255 AN ORDINANCE OF THE CITY OF ANAHEIM (1) APPROVING AMENDMENT NO. 1 TO DEVELOPMENT AGREEMENT NO. 2006-00004 BY AND BETWEEN THE CITY OF ANAHEIM AND AMB PLATINUM, LLC, (2) MAKING CERTAIN FINDINGS RELATED THERETO, AND (3) AUTHORIZING THE MAYOR TO EXECUTE SAID AMENDMENT ON BEHALF OF THE CITY. (DEV2012-00036) WHEREAS, Article 2.5 of Chapter 4 of Division 1 of Title 7 (commencing with Section 65864) of the Government Code of the State of California (hereinafter the "Statute") authorizes a city to enter into a development agreement with any person having a legal or equitable interest in real property for the development of the property as provided in said Statute; and WHEREAS, upon request of an applicant, cities are required to establish procedures and requirements by resolution or ordinance for the consideration of development agreements; and WHEREAS, the City of Anaheim (hereinafter the "City") heretofore on November 23, 1982, enacted Ordinance No. 4377 (hereinafter the "Enabling Ordinance") which makes the City subject to the Statute; and WHEREAS, pursuant to subdivision (c) of Section 65865 of the Statute, the City heretofore on November 23, 1982, adopted Resolution No. 82R-565 (hereinafter the "Procedures Resolution") establishing procedures and requirements for the consideration of development agreements upon receipt of an application by the City; and WHEREAS, pursuant to the Procedures Resolution, the process for the adoption of an amendment to a Development Agreement is the same as the process for entering into a Development Agreement in the first instance; and WHEREAS, on September 11, 2007, the City of Anaheim and AMB Property, L.P, entered into that certain Development Agreement No. 2006-00004, which was recorded in the Official Records of the County of Orange, California on November 16, 2007 as Instrument No. 2007000687363 (the "Development Agreement') with respect to that certain real property located at 1969 South State College Boulevard in the City of Anaheim, County of Orange, State of California, which real property is more particularly described in Exhibit A attached hereto and incorporated herein by this reference (the "Property"). A copy of the Development Agreement is on file in the Office of the City Clerk of the City of Anaheim; and WHEREAS,AMB Property, L.P. subsequently conveyed all of its right, title and interest in and to the Property to AMB Platinum, LLC, a Delaware limited liability company ("Owner"); and WHEREAS, the Development Agreement provides for the development of a mixed-use project consisting of up to 1,208 residential units, up to 50,000 square feet of retail/commercial uses, up to 100,000 square feet of office uses, a 1.7 acre public park, and related improvements (the "Project"); and WHEREAS, pursuant to the Procedures Resolution and Section 18 of the Development Agreement, Owner submitted a letter requesting an amendment to the Development Agreement ("Amendment No.l") to (i) extend the initial Term of the Development Agreement from an initial period of five (5) years, subject to two (2) additional five-year extensions, to an initial period of ten (10) years, subject to two (2) additional five-year extensions, and (ii) revise development milestones associated with the Owner's right to extend the Term for the two (2) additional extensions; and WHEREAS, the Anaheim City Planning Commission (hereinafter referred to as "Planning Commission") did hold a public hearing at the Civic Center in the City of Anaheim on July 2, 2012, at 5:00 p.m., notice of said public hearing having been duly given as required by law and in accordance with the provisions of the Anaheim Municipal Code, to hear and consider evidence for and against said amendment to Development Agreement, and to investigate and make findings and recommendations in conjunction therewith; and WHEREAS, the Planning Commission, after due inspection, investigation and study made by itself and in its behalf, and after due consideration of and based upon all of the evidence and reports offered at said public hearing, did adopt its Resolution No. PC2012-042 recommending that the City Council adopt Amendment No.l to revise the provisions for performance milestones and to extend the Term of the Agreement, as requested by Owner; and WHEREAS, the City Council did hold a public hearing on Amendment No. 1, notice of said public hearing having been duly given as required by law; and WHEREAS, the City Council, after due inspection, investigation and study made by itself and in its behalf, and after due consideration of and based upon all of the evidence and reports offered at said public hearing, including the recommendations of the Planning Commission, does hereby find and determine, with respect to the request for said amendment to the Development Agreement, that all of the conditions and criteria for the approval of Amendment No. 1 are present, as follows: 1. That Amendment No. 1 has been properly requested pursuant to Section 5.0 of the Procedures Resolution and Section 18 of the Development Agreement. 2. That Amendment No. 1 is consistent with the City's General Plan in that it is in conformance with the General Plan Mixed Use land use designation and with the goals, policies and objectives for the Platinum Triangle as set forth in the General Plan. 3. That Amendment No. 1 will contribute to the orderly development of property in the surrounding area in that it is in conformance with and implements The Platinum Triangle Master Land Use Plan and the PTMU Overlay Zone requirements. 4. That Amendment No. 1 is not otherwise detrimental to the health and safety of the citizens of the City of Anaheim. 2 5. That Amendment No. 1 constitutes a lawful, present exercise of the City's police power and authority under the Statute, the Enabling Ordinance and the Procedures Resolution. 6. That Amendment No. 1 is entered into pursuant to and in compliance with its charter powers and the requirements of Section 65867 of the Statute, the Enabling Ordinance and the Procedures Resolution. WHEREAS, due to the nature of the proposed Amendment No. 1, the City Council finds and determines that (i) Final Environmental Impact Report No. 335, together with Mitigation Monitoring Program No. 143, serve as the appropriate environmental documentation for said amendment to the Development Agreement and satisfies all the requirements of the California Environmental Quality Act ("CEQA"); (ii) none of the conditions described in Sections 15162 or 15163 of the State CEQA Guidelines calling for the preparation of a subsequent or supplemental EIR have occurred in connection with the proposed Amendment No. 1; and (iii) no further environmental documentation need be prepared for the proposed Amendment No. 1. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ANAHEIM DOES ORDAIN AS FOLLOWS: SECTION 1. That Amendment No. 1 to Development Agreement No. 2006-00004 be, and the same is hereby, approved, as shown in Exhibit B attached hereto and incorporated herein by this reference. SECTION 2. That the Mayor be, and is hereby, authorized to execute, and the City Clerk to attest, said Amendment No. 1 to Development Agreement No. 2006-00004 for and on behalf of the City. 3 THE FOREGOING ORDINANCE was introduced at a regular meeting of the City Council of the City of Anaheim held on the 11 th day of September , 2012, and thereafter passed and adopted at a regular meeting of said City Council held on the 25th day of September , 2012, by the following roll call vote: AYES: Mayor Tait, Council Members Galloway, Eastman and Murray NOES: None ABSENT: Mayor Pro Tem Sidhu ABSTAIN: None CITY OF ANAHEIM -L By: (-,/ MA OR OF THE CITY OF ANAHEIM ATTEST: CITY CLERK OF THE CITY OF ANfNHEIM 90419.3 4 STATE OF CALIFORNIA COUNTY OF ORANGE CITY OF ANAHEIM CLERK'S CERTIFICATE ss. I, LINDA ANDAL, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the original Ordinance No. 6255 introduced at a regular meeting of the City Council of the City of Anaheim, held on the 11th day of September, 2012, and that the same was duly passed and adopted at a regular meeting of said City Council held on the 25th day of September, 2012, by the following vote of the members thereof: AYES: Mayor Tait and Council Members Galloway, Eastman and Murray NOES: None ABSENT: Mayor Pro Tem Sidhu ABSTAIN: None IN WITNESS WHEREOF, I have hereunto set my hand this 25th day of September, 2012. Qlda CITY CLERK OF THE CITY OF ANAHEIM (SEAL) EXHIBIT "A" LEGAL DESCRIPTION OF PROPERTY THAT PORTION OF THE NORTHEAST QUARTER OF SECTION 26, TOWNSHIP 4 SOUTH, RANGE 10 WEST, IN THE RANCHO SAN JUAN CAJON DE SANTA ANA, IN THE CITY OF ANAHEIM, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS SHOWN ON A MAP RECORDED IN BOOK 51, PAGE 10 OF MISCELLANEOUS MAPS, RECORDS OF ORANGE COUNTY, CALIFORNIA, DESCRIBED AS FOLLOWS: PARCEL 4, AS SHOWN ON A MAP RECORDED IN BOOK 81, PAGE 32 OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF ORANGE COUNTY, CALIFORNIA. EXCEPT THEREFROM THAT PORTION OF PARCEL 4 AS GRANTED TO STATE OF CALIFORNIA BY DEED RECORDED FEBRUARY 22, 1999 AS INSTRUMENT NO. 19990124177. [Assessor's Parcel No.: 083-290-88] [END OF LEGAL DESCRIPTION.] EXHIBIT "B" RECORDED AT THE REQUEST OF AND, WHEN RECORDED, RETURN TO: City of Anaheim 200 S. Anaheim Boulevard Anaheim, California 92805 Attention: City Clerk Address: 1969 South State College Boulevard [SPACE ABOVE THIS LINE IS FOR RECORDER'S USE] Anaheim, California Assessor's Parcel No.: 083-290-88 AMENDMENT NO. I TO DEVELOPMENT AGREEMENT NO. 2006-00004 Between CITY OF ANAHEIM and AMB PLATINUM, LLC Exhibit "B" Page 1 of 12 AMENDMENT NO. 1 TO DEVELOPMENT AGREEMENT NO. 2006-00004 This AMENDMENT NO. I TO DEVELOPMENT AGREEMENT NO. 2006-00004 ("Amendment No. I"), dated for purposes of identification only as of , 2012, is made and entered into by and between the CITY OF ANAHEIM, a municipal corporation and charter city (the "City"), PROLOGIS, L.P., a Delaware limited partnership (formerly known as AMB Property, L.P., a Delaware limited partnership) ("Prologis'), and AMB PLATINUM, LLC, a Delaware limited liability company ("AMB Platinum" or "Owner"). Together, the City, Prologis, and AMB Platinum shall be referred to as the "Parties". RECITALS A. The City and AMB Property, L.P., a Delaware limited partnership, entered into that certain Development Agreement No. 2006-00004, dated September 11, 2007, which was recorded in the Official Records of the County of Orange, State of California ("Official Records") on November 16, 2007 as Instrument No. 2007000687363 (the "Development Agreement") with respect to that certain real property situated in the City of Anaheim, County of Orange, State of California, consisting of approximately 17.6 -acres and located at 1969 South State College Boulevard, which real property is more particularly described in Exhibit A attached hereto and incorporated herein by this reference (the "Property"). B. On July 29, 2008, AMB Property, L.P. conveyed title to the Property to AMB Platinum, LLC. C. On January 30, 2011, AMB Property Corporation and AMB Property, L.P. entered into an Agreement and Plan of Merger, with Prologis and a number of its affiliates. In June 2011, following the consummation of the merger, AMB Property Corporation and AMB Property, L.P. continue in existence with their corporate and partnership names changed, respectively, to "Prologis, Inc." and "Prologis, L.P." D. The Development Agreement provides for the development of a mixed-use master planned community consisting of up to 1,208 residential units, up to 50,000 square feet of retail/commercial uses, up to 100,000 square feet of office uses, a 1.7 acre public park and related improvements. E. Pursuant to Section 21 of the Development Agreement and Chapter 18.60 of the Anaheim Municipal Code, Owner submitted a request to extend the Term of the Development Agreement, as described in subsection 2.1 of the Development Agreement. F. The City and Owner desire to amend the Development Agreement to extend the Term thereof and for Prologis to formally assign its interest in the Development Agreement to AMB Platinum, and to that end, to modify, amend and supplement certain portions of the Development Agreement. Exhibit "B" Page 2 of 12 NOW, THEREFORE, FOR AND IN CONSIDERATION OF THE MUTUAL PROMISES, COVENANTS AND CONDITIONS CONTAINED HEREIN, THE PARTIES AGREE AS FOLLOWS: SECTION 1. DEFINED TERMS. Except as otherwise provided herein, capitalized words and terms used in this Amendment No. 1, if not defined in this Amendment No. 1, shall have the meanings ascribed thereto in the Development Agreement. SECTION 2. DEFINITIONS. Subsection 1.21 of Section 1 of the Development Agreement is hereby deleted in its entirety and replaced with the following: "1.21 OWNER. "OWNER" is AMB Platinum, LLC, a Delaware limited liability company ("AMB Platinum"). "Owner" is further defined to mean any person or entity with which or into which AMB Platinum may merge, and any person or entity who may acquire substantially all of the assets of AMB Platinum, and any person or entity who receives any of the rights or obligations of AMB Platinum under this Development Agreement in accordance with the provisions of Section 31 (Assignment) of this Development Agreement." SECTION 3. TERM. (a) Subsection 2.1 of "Section 2. TERM" of the Development Agreement is hereby amended and restated to read in full as follows: 112.1 The term of this Development Agreement (hereinafter called "Term") shall be that period of time during which this Development Agreement shall be in effect and bind the parties hereto. The Term shall commence on the Development Agreement Date, which is November 16, 2007, and shall extend for a period of ten (10) years thereafter, terminating at the end of the day on November 16, 2017. Thereafter, the Development Agreement shall be extended for up to two (2) additional five (5) year periods provided that the development milestones described in Exhibit E are timely and satisfactorily achieved. OWNER shall submit proof of satisfying those development milestones prior to the expiration of the initial Term or, in the case of the second option term, prior to the expiration of the first option term. The Planning Director shall determine if the required development milestones have been met and inform the City Council of the extension of the Development Agreement. OWNER may appeal to the Planning Commission and, subsequently, the City Council any determination of the Planning Director regarding satisfaction of the development milestones." (b) Subsection 2.2 of "Section 2. TERM" of the Development Agreement is hereby amended and restated to read in full as follows: 112.2 The Development Agreement shall terminate at the end of the day on either the tenth anniversary of the Development Agreement Date (i.e., November Exhibit "B" Page 3 of 12 16, 2017) or, if the Term has been extended as provided in this Section, at end of the final day of the final applicable five-year extension period. The Term is subject to the periodic review and modification or termination provisions defined in Sections 28, 29, and 30, respectively, and the terms of Section 33.1 (Force Majeure) of this Development Agreement, and further subject to a reasonable extension for completion of the Project in accordance with Section 2.1 above." SECTION 4. ASSIGNMENT. Pursuant to Section 31 of the Development Agreement, through this Amendment No. 1, Prologis and AMB Platinum hereby formally notify the City of the assignment by Prologis to AMB Platinum of all of Prologis' right, title and interest in and to the Property. Moreover, Prologis hereby assigns to AMB Platinum all of Prologis's obligations and liabilities as "Owner" under the Development Agreement effective as of the date hereog (the "Effective Date"). AMB Platinum's address, and the name of the representation of AMB Platinum is provided below. Upon execution of this Amendment No. 1, AMB Platinum hereby expressly and unconditionally assumes and agrees to perform all of Prologis's liabilities, obligations, covenants, agreements, terms, provisions and conditions under the Development Agreement. The City, by execution of this Amendment, hereby consents to the aforementioned assignment, accepts AMB Platinum as "Owner" under the Development Agreement, as amended, and hereby releases Prologis from any and all of its obligations and liabilities under the Development Agreement from and after the Effective Date of this Amendment but does not release Prologis from any costs, liabilities or obligations that have accrued or occurred prior to the Effective Date of this Amendment; provided, however, that such consent shall not be deemed a consent top any further or future assignment; nor shall such consent be deemed a waiver of the provisions of the Development Agreement requiring written consent of the City to any further assignment. SECTION 5. DEVELOPMENT MILESTONES. The Development Milestones, Exhibit E to the Development Agreement, is hereby deleted in its entirety and the revised Development Milestones, attached hereto and incorporated herein by this reference, is hereby substituted in its place. All references to the Development Milestones or the revised Development Milestones herein and in the Development Agreement shall be to the revised Development Milestones attached to this Amendment No. 1. SECTION 6. NOTICE. Subsection 33.12 of "Section 33. GENERAL" of the Development Agreement is hereby amended and restated to read in full as follows: "33.12 Notice. 33.12.1 To OWNER. Any notice required or permitted to be given by CITY to OWNER under or pursuant to this Development Agreement shall be deemed sufficiently given if in writing and delivered personally to an officer of OWNER or mailed with postage thereon fully prepaid, registered or certified mail, return receipt requested, addressed to OWNER as follows: Exhibit "B" Page 4 of 12 AMB Platinum, LLC c/o Prologis, Inc. 17777 Center Court Drive, Suite 100 Cerritos, California 90703 Attention: Kim Snyder with a copy to: c/o Prologis, Inc. 4545 Airport Way Denver, Colorado 80239 Attention: General Counsel And Allen Matkins Leck Gamble Mallory & Natsis LLP 1900 Main Street, 5th Floor Irvine, California 92614 Attention: John Condas or such changed addresses as OWNER shall designate in writing to CITY. 33.12.2 To CITY. Any notice required or permitted to be given to CITY under or pursuant to this Development Agreement shall be made and given in writing and mailed with postage thereon fully prepaid, registered or certified mail, return receipt requested, addressed to: City Council City of Anaheim c/o City Clerk 200 S. Anaheim Blvd., 2nd Floor Anaheim, California 92805 With copies to: City Manager City of Anaheim 200 S. Anaheim Blvd., 7th Floor Anaheim, California 92805 and City Attorney City of Anaheim 200 S. Anaheim Blvd., 3rd Floor Anaheim, California 92805 or such changed address as CITY shall designate in writing to OWNER Exhibit "B" Page 5 of 12 Alternatively, notices to CITY may also be personally delivered to the City Clerk, at the Anaheim Civic Center, 200 S. Anaheim. Blvd., Anaheim, California, together with copies marked for the City Manager and the City Attorney. The provisions of this Section shall be deemed permissive only and shall not detract from the validity of any notice given in a manner which would be legally effective in the absence of this Section." SECTION 7. TITLE REPORT. The Preliminary Title Report, Exhibit G to the Development Agreement, is hereby deleted in its entirety and the revised Preliminary Title Report, attached hereto and incorporated herein by this reference, is hereby substituted in its place. All references to the Preliminary Title Report herein and in the Development Agreement shall be to the Preliminary Title Report attached to this Amendment No. 1. SECTION 8. INTEGRATION. This Amendment No. 1, the agreements specifically referred to herein, and all attachments hereto (if any) integrate all of the terms and conditions mentioned herein, and supersede all negotiations with respect to the subject matter hereof. This Amendment No. 1 amends, as set forth herein, the Development Agreement and, except as specifically amended hereby, the Development Agreement shall remain in full force and effect. To the extent that there is any conflict or inconsistency between the terms and provisions of this Amendment No. 1 and the terms and provisions of the Development Agreement, the terms and provisions of this Amendment No. 1 shall control and govern the rights and obligations of the parties. SECTION 9. EFFECTIVE DATE. This Amendment No. 1 shall take effect upon the date the ordinance approving this Amendment No. 1 takes effect. SECTION 10. AUTHORITY OF SIGNATORIES. By signing below, the Parties warrant and represent that the persons executing this Amendment No. 1 on their behalf have full authority to do so. [Remainder of page intentionally left blank, signatures appear on following pages.] Exhibit "B" Page 6 of 12 IN WITNESS WHEREOF, THE PARTIES HAVE EXECUTED THIS AMENDMENT NO. 1 AS OF THE RESPECTIVE DATES SET FORTH BELOW. "CITY" CITY OF ANAHEIM, a municipal corporation and charter city Dated: 92012. By: Mayor of the City of Anaheim ATTEST: LINDA N. ANDAL, CITY CLERK Linda N. Andal, City Clerk APPROVED AS TO FORM: CRISTINA L TALLEY, CITY ATTORNEY IM Theodore J. Reynolds Assistant City Attorney [Remainder of page intentionally left blank, signatures of other parties appear on following page.] Exhibit T" Page 7 of 12 "OWNER" Dated: 52012 AMB PLATINUM, LLC, a Delaware limited liability company By: AMB BPH, LLC, a Delaware limited liability company, its Sole Member By: Prologis, L.P., a Delaware limited partnership, its Sole Member By: Prologis, Inc., a Maryland corporation, its General Partner an Kim Snyder President of Southwest Division "PROLOGIS" PROLOGIS, L.P., a Delaware limited partnership By: Prologis, Inc., a Maryland corporation, Its General Partner Kim Snyder President of Southwest Division Exhibit "B" Page 8 of 12 ACKNOWLEDGMENT State of County of On before me, a Notary Public, personally appeared who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature ACKNOWLEDGMENT State of County of On before me, a Notary Public, personally appeared who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature Exhibit "B" Page 9 of 12 EXHIBIT "A" TO AMENDMENT NO. 1 TO DEVELOPMENT AGREEMENT NO. 2006-00004 LEGAL DESCRIPTION OF THE PROPERTY REAL PROPERTY IN THE CITY OF ANAHEIM, COUNTY OF ORANGE, STATE OF CALIFORNIA, DESCRIBED AS FOLLOWS: THAT PORTION OF THE NORTHEAST QUARTER OF SECTION 26, TOWNSHIP 4 SOUTH, RANGE 10 WEST, IN THE RANCHO SAN JUAN CAJON DE SANTA ANA, IN THE CITY OF ANAHEIM, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS SHOWN ON A MAP RECORDED IN BOOK 51, PAGE 10 OF MISCELLANEOUS MAPS, RECORDS OF ORANGE COUNTY, CALIFORNIA, DESCRIBED AS FOLLOWS: PARCEL 4, AS SHOWN ON A MAP RECORDED IN BOOK 81, PAGE 32 OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF ORANGE COUNTY, CALIFORNIA. EXCEPT THEREFROM THAT PORTION OF PARCEL 4 AS GRANTED TO STATE OF CALIFORNIA BY DEED RECORDED FEBRUARY 22, 1999 AS INSTRUMENT NO. 19990124177. [Assessor's Parcel No.: 083-290-88] Exhibit "B" Page 10 of 12 EXHIBIT "E" TO AMENDMENT NO. 1 TO DEVELOPMENT AGREEMENT NO. 2006-00004 DEVELOPMENT MILESTONES (Phasing and Sequencing) 1. Prior and as a condition precedent to the exercise of its first option to extend the Term of this Development Agreement for an additional five (5) years, as set forth in Section 2.1 of the Development Agreement, and subject to any extension arising under Section 32 of this Development Agreement, OWNER shall complete the following milestones for Phases 1 and 2, as shown on the Phasing Plan: (i) obtain a Temporary Certificate of Occupancy for at least two hundred fifty (250) of the residential dwelling units within Phase 1 as shown on the Phasing Plan; (ii) complete those on-site roadways, water lines, sewer lines, storm drains, and dry utilities necessary to serve Phase 1 and Phase 2; and (iii) obtain approval of Final Site Plans and apply for Building Permits for the remaining residential units in Phase 1 that are not completed under subparagraph (i), above. 2. Prior and as a condition precedent to the exercise of its second option to extend the Term of this Development Agreement for an additional five (5) years as set forth in Section 2.1 of the Development Agreement, OWNER shall, in addition to the completion of the requirements set forth in Paragraph 1 above, complete the following milestones for Phases 1, 2 and 3, as shown on the Phasing Plan: (i) obtain a Temporary Certificate of Occupancy for all of the proposed buildings within Phase 1; (ii) obtain a Temporary Certificate of Occupancy for either (a) all of the residential and retail development within Phase 2, with the exception of any retail development that is proposed within Development Area F, or (b) obtain a Temporary Certificate of Occupancy for all buildings proposed within Development Area F; (iii) complete Public Park No. 1, as shown on the Master Site Plan, with completion to be as determined by the Community Services Department; and (iv) apply for approval of Final Site Plans for all proposed buildings within Phase 3. If, before the end of the then current Term (including extensions), OWNER has applied for approval of a Temporary Certificate of Occupancy; or, OWNER has submitted a complete Exhibit "B" Page 11 of 12 application, as determined by the Planning Director, for a Final Site Plan, required to extend the Term pursuant to Paragraphs 1 or 2 above, and the approval of the Temporary Certificate of Occupancy or Final Site Plan is granted within sixty (60) days following the final day of the then current Term, OWNER shall be deemed to have timely completed the applicable milestone and the Term shall be extended. Exhibit "B" Page 11 of 12 EXHIBIT "G" TO AMENDMENT NO. 1 TO DEVELOPMENT AGREEMENT NO. 2006-00004 PRELIMINARY TITLE REPORT [To be inserted.] Exhibit "B" Page 12 of 12 CLERK'S CERTIFICATE STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF ANAHEIM ) I, LINDA ANDAL, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the original Ordinance No. 6255 and was published in the Anaheim Bulletin on the 4th day of October, 2012. Q-t',-dclo CITY CLERK OF THE CITY OF ANAHEIM (SEAL) ORDINANCE NO. 6255 AN ORDINANCE OF THE CITY OF ANAHEIM (1) APPRO .3 AMENDMENT NO.1 TO DEVELOPMENT AGREEMENT NO. 2006-,- BY AND BE- TWEEN THE CITY OF ANAHEIM AND AMB PLATINUM, LLC, (2) MAKING CERTAIN FINDINGS RELATED THERETO, AND (3) AUTHORIZING THE MAYOR TO EXECUTE SAID AMENDMENT ON BEHALF OF THE CITY. (DEV2012-00036) WHEREAS, Article 2.5 of Chapter 4 of Division 1 of Title 7 (commencing with Section 65864) of the Government Code of the State of California (hereinafter the "Statute") authoriz- es a city to enter into a development agreement with any person having a legal or equitable interest in real property for the development of the property as provided in said Statute; and WHEREAS, upon request of an applicant, cities are required to establish procedures and requirements by resolution or ordinance for the consideration of development agree- ments; and WHEREAS, the City of Anaheim (hereinafter the "City") heretofore on November 23, 1982, enacted Ordinance No. 4377 (hereinafter the "Enabling Ordinance") which makes the City subject to the Statute; and WHEREAS, pursuant to subdivision (c) of Section 65865 of the Statute, the City heretofore on November 23, 1982, adopted Resolution No. 82R-565 (hereinafter the "Procedures Resolution") establishing procedures and requirements for the consideration of development agreements upon receipt of an application by the City; and WHEREAS, pursuant to the Procedures Resolution, the process for the adoption of an amendment to a Development Agreement is the same as the process for entering into a Development Agreement in the first instance; and WHEREAS, on September 11, 2007, the City of Anaheim and AMB Property, L.P, entered into that certain Development Agreement No. 2006-00004, which was recorded in the Of- ficial Records of the County of Orange, California on November 16, 2007as Instrument No. 2007000687363 (the "Development Agreement") with respect to that certain real property lo- cated at 1969 South State College Boulevard in the City of Anaheim, County of Orange, State of California, which real property is more particularly described in Exhibit A attached here- to and incorporated herein by this reference (the "Property"). A copy of the Development Agreement is on file in the Office of the City Clerk of the City of Anaheim; and WHEREAS, AMB Property, L.P. subsequently conveyed all of its right, title and interest in and to the Property to AMB Platinum, LLC, a Delaware limited liability company ("Own- er"); and WHEREAS, theDevelopment Agreement provides for the development of a mixed-use project consisting of up to 1,208 residential units, up to 50,000 square feet of retail/commercial uses, up to 100,000 square feet of office uses, a 1.7 acre public park, and related improvements (the "Project'); and WHEREAS, pursuant to the Procedures Resolution and Section 16 of the Development Agreement, Owner submitted a letter requesting an amendment to the Development Agreement ("Amendment No. 1") to (i) extend the initial Term of the Development Agreement from an initial period of five (5) years, subject to two (2) additional five-year extensions, to an initial period of ten (10) years, subject to two (2) additional five-year extensions, and (ii) revise development milestones associated with the Owner's right to extend the Term for the two (2) additional extensions; and WHEREAS, the Anaheim City Planning Commission (hereinafter referred to as "Planning Commission") did hold a public hearing at the Civic Center in the City of Anaheim on Ju- ly 2, 2012, at 5:00 p.m., notice of said public hearing having been duly given as required bylaw and in accordance with the provisions of the Anaheim Municipal Code, to hear and con- sider evidence for and against said amendment to Development Agreement, and to investigate and make findings and recommendations in conjunction therewith; and WHEREAS, the PlanningCommission, after due inspection, investigation and study made by itself and in its behalf, and after due consideration of and based upon all of the evi- dence and reports offered at said public hearing, did adopt its Resolution No. PC2012-042 recommending that the City Council adopt Amendment No.1 to revise the provisions for per- formance milestones and to extend the Term of the Agreement, as requested by Owner; and — WHEREAS, the City Council did hold a public hearing on Amendment No. 1, notice of said public hearing having been duly given as required by law; and WHEREAS, the City Council, after due inspection; investigation and study made by itself and in its behalf, and after due consideration of and based upon all of the evidence and reports offered at said public hearing, including the recommendations of the Planning Commission, does hereby find and determine, with respect to the request for said amendment to the Development Agreement, that all of the conditions and criteria for the approval of Amendment No.1 are present, as follows: 1. That Amendment No.1 has been properly requested pursuant to Section 5.0 of the Procedures Resolution and Section 18 of the Development Agreement. 2. That Amendment No. t Is consistent with the City's General Plan in that it is in conformance with the General Plan Mixed Use land use designation and with the goals, policies and objectives for the Platinum Triangle as "set forth in the General Plan. 3. That Amendment No.1 will contribute to the orderly development of property in the surrounding area in that it is in conformance with and implements The Platinum Trian- gle Master Land Use Plan and the PTMU Overlay Zone requirements. That Amendment No. t is not otherwise detrimental to the health and safety of the citizens of the City of Anaheim. 5. That Amendment No.1 constitutes a lawful, present exercise of the City's police power and authority under the Statute, the Enabling Ordinance and the Procedures Res- olution. 6. That Amendment No. 1 is entered into pursuant to and in compliance with its charter powers and the requirements of Section 65867 of the Statute, the Enabling Ordi- nance and the Procedures Resolution. WHEREAS, due to the nature of the proposed Amendment No. t, the City Council finds and determines that (i) Final Environmental Impact Report No. 335, together with Mitiga- tion Monitoring Program No. 143, serve as the appropriate environmental documentation for said amendment to the Development Agreement and satisfies all the requirements of the California Environmental Quality Act ("CEQA"); (ii) none of the conditions described in Sections 15162 or 15183 of the State CEQA Guidelines calling for the preparation of a subsequent or supplemental EIR have occurred in connection with the proposed Amendment No. 1; and (iii) no further environmental documentation need be prepared for the proposed Amend- ment o.1. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ANAHEIM DOES ORDAIN AS FOLLOWS: SECTION 1. That Amendment No. 1 to Development Agreement No. 2006-00004 be, and the same is hereby, approved, as shown in Exhibit B attached hereto and incorporated herein by this reference. SECTION 2. That the Mayor be, and is hereby, authorized to execute, and the City Clerk to attest, said Amendment No. 1 to Development Agreement No. 2006-00004 for -and on behalf of the City. THE FOREGOING ORDINANCE was introduced at a regular meeting of the City Council of the City of Anaheim held on the 11th day of September, 2012, and thereafter passed and adopted at a regular meeting of said City Council held on the 25th day of September, 2012, by the following roll call vote: AYES: Mayor Tait, Council Members Galloway, Eastman and Murray NOES: None ABSENT: Council Member Sidhu ABSTAIN: None CITY OF ANAHEIM By: /s/ Tom Tait MAYOR OF THE CITY OF ANAHEIM ATTEST: /s/ Linda N. Andal CITY CLERK OF THE CITY OF ANAHEIM A co of Exhibits "A" and "B" are available at the Office of the C' Clerk, 200 S. Anaheim Boulevard, 2nd Floor, Anaheim, California, copy Ay (714) 765-5166, between 8:00 AM and 5:00 PRA, - Monday through Friday. There is no charge for the copy. Publish: Anaheim Bulletin Oct 4 2012 9516370