RES-2026-004RESOLUTION NO. 2 0 2 6 - 0 0 4
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM ESTABLISHING A PERFORMANCE TIME
SCHEDULE FOR THE TENTH ANNIVERSARY DATE AS SET
FORTH IN THE AMENDED AND RESTATED
DEVELOPMENT AGREEMENT NO. 2005-00008 BETWEEN
THE CITY OF ANAHEIM AND PT METRO, LLC AND
DETERMINE SUBSEQUENT ENVIRONMENTAL IMPACT
REPORT NO. 339 FOR THE REVISED PLATINUM TRIANGLE
EXPANSION PROJECT, ALONG WITH MITIGATION
MONITORING PLAN NO. 321, ARE THE APPROPRIATE
ENVIRONMENTAL DOCUMENTATION FOR THIS REQUEST
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 (herein referred to as the "Statute")
authorizes a city to enter into a contract, which is called a development agreement, in order to
establish with certainty what regulations will govern the construction of a development; and
WHEREAS, on November 23, 1982, the City Council of the City of Anaheim (herein
referred to as the "City Council") enacted Ordinance No. 4377, and pursuant to subdivision (c) of
Section 65865 of the Statute, adopted Resolution No. 82R-565 (herein referred to as the
"Procedures Resolution"), establishing procedures and requirements for consideration of
development agreements upon receipt of an application by the City; and
WHEREAS, On October 20, 2015, the City Council of the City of Anaheim adopted
Ordinance No. 6345 approving that certain Amended and Restated Development Agreement No.
2005-00008, dated October 27, 2015 and recorded in the Official Records of Orange County
California on November 13, 2015 as Instrument No. 2015000586936 (the "Development
Agreement") between the City of Anaheim and PT Metro, LLC ("Developer") with respect to that
certain real property located at 1404 East Katella Avenue and generally depicted on the map
attached hereto as Exhibit A and legally described in Exhibit B attached hereto, with both exhibits
incorporated herein by this reference (the "Property"); and
WHEREAS, On June 12, 2018, the City Council of the City of Anaheim adopted Ordinance
No. 6437 approving that certain Amendment No. 1 to the Development Agreement, dated June 12,
2018 and recorded in the Official Records of Orange County California on May 3, 2019 as
Instrument No. 2019000148064 ("Amendment No. I") between the City of Anaheim and PT
Metro, LLC, pursuant to Section 19 of the Development Agreement, PT Metro, LLC amended the
development milestones set forth in Exhibit G to the Development Agreement. Specifically,
Developer modified the development milestones relative to the timing and completion of
residential units within the 5-year and 7.5-year anniversary of the Development Agreement; and
WHEREAS, the Development Agreement inclusive of Amendment No. 1, thereto shall
hereinafter be referred to as the "Development Agreement." Unless otherwise defined herein all
capitalized terms shall have the meanings ascribed to such terms in the Development Agreement,
as amended. Copies of the Development Agreement are available as a public record in the office
of the City Clerk located at 200 South Anaheim Boulevard, Anaheim, California; and
WHEREAS, Exhibit "G" of the Development Agreement is entitled "Term Extension
Milestones," and sets forth various project milestones in connection with extension of the
Development Agreement; and
WHEREAS, the first milestone by the fifth (5th) anniversary of the date of the Authorizing
Ordinance set forth in the Development Agreement requiring completion of 400 residential units,
amongst other requirements, was completed by the Developer; and
WHEREAS, the second milestone by the seven and one half years of the date of the
Authorizing Ordinance set forth in the Development Agreement requiring completion of an
additional 150 residential units for a total of 550 residential units was completed by the Developer;
and
WHEREAS, the third milestone by the tenth (10t') anniversary of the date of the
Authorizing Ordinance set forth in the Development Agreement requires completion of 500
residential units beyond the cumulative 550 residential units for a total of 1,1000 residential units
completed; and
WHEREAS, the completion date for the third milestone by the tenth (10t') anniversary of
the date of the Authorizing Ordinance set forth in the Development Agreement has now passed
with 132 residential units remain outstanding; and
WHEREAS, on December 16, 2025, the City Council determined that Developer was not
in compliance with the terms and conditions of the Development Agreement for the 2025 review
period and in accordance with the process set forth in Section 7 of the Procedures Resolution
directed staff to notify Developer of its intent to establish new development timeframes for the
tenth anniversary date as set forth in the Development Agreement as an alternative to modification
or termination of the Development Agreement; and
WHEREAS, the Developer has requested an extension to further amend the development
milestones set forth in Paragraph three (3) of Exhibit G to the Development Agreement, to require
the completion (approval of final building inspections) of an additional 500 residential units
beyond the cumulative 550 residential units (1100 total residential units completed) on or before
July 31, 2026; and
WHEREAS, pursuant to the Procedures Resolution, compliance with the performance
schedule established by City Council as an alternative to modification or termination of the
Development Agreement shall be subject to periodic review in the manner set forth in Sections 6
and 7 of the Procedures Resolution and lack of good faith compliance therewith shall be a basis
for termination or modification of the Development Agreement; and
WHEREAS, pursuant to the California Environmental Quality Act (Public Resource Code
Section 21000 et seq.; herein referred to as "CEQA") and the State of California Guidelines for
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Implementation of the California Environmental Quality Act (commencing with Section 15000 of
Title 14 of the California Code of Regulations; herein referred to as the "CEQA Guidelines"), the
City is the "lead agency" for the preparation and consideration of environmental documents for
this resolution; and
WHEREAS, the City Council finds and determines that SEIR No. 339, together with
Mitigation Monitoring Plan No. 321 and all supporting and subsequent environmental
documentation remain relevant and retain informational value as to the project contemplated in the
Development Agreement, are the appropriate environmental documentation for this request.
Additionally, there is no new information of substantial importance that the City, as Lead Agency,
did not know and could not have known previously. The establishment of new performance
timelines will not increase the unit count, or otherwise increase the intensity of the project.
NOW, THEREFORE, BE IT RESOLVED that the Anaheim City Council, does hereby
establish the following revised performance timeline for Section 3 of Exhibit "G" of the
Development Agreement:
1. Milestones to be Completed by the tenth (loth) anniversary of the date
of the Authorizing Ordinance or July 31, 2026, whichever occurs later,
In Order to Receive the Third 5-Year Extension of the Development
Agreement Term.
NOW THEREFORE BE IT FURTHER RESOLVED that except has expressly
provided to the contrary herein, all provisions of the Development Agreement remain in full force
and effect.
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THE FOREGOING RESOLUTION is approved and adopted by the City Council
of the City of Anaheim this 27 day of January , 2026, by the following roll
call vote:
AYES: Mayor Aitken and Council Members Leon, Balius,
Kurtz, Maahs and Meeks
NOES: None
ABSENT: Council Member Rubalcava
ABSTAIN: ivone
R OF INE CITY OF ANAHEIM
AT
RK OF THE CI OF ANAHEIM
EXHIBIT "A"
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Source: Recorded Tract Maps and/or City GIS,
Please note the accuracy is +/- two to five feet.
-5-
EXHIBIT "B"
Legal Description of the Property
THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF ANAHEIM, COUNTY
OF ORANGE, STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS:
ALL OF LOTS 1 THROUGH 14, INCLUSIVE, LOTS A, B, MARKET STREET, BRYANT STREET,
GRANVILLE DRIVE, TRIAD STREET, UNION STREET, MERIDIAN LANE, METRO DRIVE, PARK
LANE AND WESTSIDE DRIVE OF TRACT NO.16859 AS SHOWN ON A MAP RECORDED IN BOOK
892, PAGES 1 THROUGH 10, INCLUSIVE, OF MISCELLANEOUS MAPS, IN THE OFFICE OF THE
COUNTY RECORDER OF SAID COUNTY.
on
CLERK'S CERTIFICATE
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, THERESA BASS, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the
original Resolution No. 2026-004 adopted at a regular meeting provided by law, of the Anaheim
City Council held on the 27th day of January, 2026 by the following vote of the members thereof:
AYES: Mayor Aitken and Council Members Leon, Balius, Kurtz, Maahs and Meeks
NOES: None
ABSTAIN: None
ABSENT: Council Member Rubalcava
IN WITNESS WHEREOF, I have hereunto set my hand this 28th day of January, 2026.
ERK OF THE�CITY OF ANAHEIM
(SEAL)