Laserfiche WebLink
t <br />f <br />I <br />� <br />S <br />DEVELOPMENT AGREEMENT <br />THIS DEVELOPMENT AGREEMENT ("Agreement") is entered into <br />by and between the CITY OF SANTA ANA, a municipal corporation <br />(hereinafter "City"), and HUTTON DEVELOPMENT CO., INC., a <br />California corporation (hereinafter "Developer"), pursuant to <br />the authority of Sections 65864 through 65869.5 of the <br />Government Code of the State of California (the "Development <br />Agreement Statute"). <br />R E C I T A L S: <br />A. To strengthen the public planning process, <br />encourage private participation in comprehensive planning and <br />reduce the economic risk of development, the Legislature of <br />the State of California adopted the Development Agreement <br />Statute, which statute authorizes the City to enter into a <br />development agreement with any person having a legal or <br />equitable interest in real property for the purpose of <br />establishing certain development rights in the property which <br />is the subject of a development project application. <br />Pursuant.to the authorization set forth in California Govern- <br />ment Code Section 65864 et she ., the City has established <br />Procedures and Requirements for Consideration of Development <br />Agreements which were adopted by Resolution 82-98 of the City <br />Council of the City of Santa Ana. <br />_1- <br />2/23/90 <br />