COMMUNITY REDEVELOPMENT AGENCY (44)

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Entitlement Actions at MacArthur Place April 6, 1998 Page 5 Project Implementation Agreement: An Environmental Impact Report was certified for the MacArthur Place development when entitlements were granted in 1988. The EIR identified a list of on and off -site infrastructure improvements required to be built as development occurred. In general, the improvements required relate to traffic and storm drain issues. First American Financial is requesting that the City now assign these required improvements to phases of anticipated development. The Project Implementation Agreement provides a contractual understanding for First American concerning the use and development of the remaining undeveloped land. This agreement provides a list of infrastructure improvements which will be required based on the amount of building square footage developed. This is necessary in light of the fact that the property will be developed by multiple, unrelated private entities. Assignment of the improvement obligations as requested allows clear understanding of infrastructure obligations to both First American and all future property owners. Street Name Change: First American Financial has requested a street name change from Regency Boulevard to First American Way. The Santa Ana Municipal Code (Section 33-6) requires all requests for renaming public streets to be referred to the Planning Commission for determination and then to the City Council to affirm the Planning Commission decision. No public hearing is required for this action because the street name change will not change the street address of any abutting property. The only existing office building is off of Imperial Promenade, an adjacent bisecting street and therefore is not impacted by the requested street name change. On March 23, 1998, the Planning Commission approved the request for the street name change because Regency Boulevard is not a continuation of any existing street and the street name change request met the guidelines outlined in the Santa Ana Municipal Code. It can only be found within the MacArthur Place development and as with other streets within MacArthur Place contain unique names not found anywhere else within the City. The street name will refer to a significant and distinct development for the area and the street name will recognize a long standing corporate citizen of the City. Acceptance of Dedication: As indicated earlier, a lot line adjustment is being processed for the project to modify the previously approved tentative tract map. All street dedications required must be accepted prior to recordation. The authorization requested allows the City Manager to accept the street dedications on behalf of the City. Rev. 119 55A