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w- <br />At the same time as the Agency determines whether to approve <br />the "Participation Agreement", the City Council of the City of Santa Ana <br />,l will determine whether to approve the terms of sale of the project site <br />to the Participants. <br />The Participants may also ask the City to approve a "Development <br />Agreement" that will secure their rights under the Participation <br />Agreement against subsequent application of possibly inconsistent land <br />use restrictions. <br />1; <br />A zone change will be required for commercial development to <br />occur within the small area zoned R-1, single-family residential, <br />located in the northwest portion of the site. In addition, a <br />Conditional Use Permit (CUP) is required for the proposed hotel use. <br />L The developer may want to subdivide the project site and a <br />� <br />subdivision map may be required from the City. <br />U <br />In accordance with and subject to all the terms, covenants and <br />Lconditions of the Participation Agreement, the Agency agrees to acquire <br />r or has acquired the Sales Parcels 1, 2, 3, 4, 5, and 6 as shown on <br />4 L Figure 3, Site Map. The owners of those parcels are shown in Table 1, <br />t <br />Acquisition and Disposition of Portions of the Site. <br />i <br />r <br />I <br />75D-1 & <br />