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i 8IR No. 99-07, AA No. 04-01, • GPA No. 04-01, 2AA No. 04-02, DA No. 2004-01 and TPM No. 2004-02 July 6, 2004 Page 5 8. Retaining the structure at 1109 N. Broadway (Koenig House) its current location. The Developer shall be responsible for the rehabilitation of the structure per City standards. Retaining and rehabilitating the Koenig House at its current location will enhance historic preservation and strengthen the atreetacape character of Broadway. In order to maintain the Koenig House on-site, egress from the parking structure onto Broadway has been modified to reduce the two egress lanes to a single lane with right-turn restrictions, which will include the construction of a landscaped median in Broadway. This will also allow the elimination of the previously proposed traffic signal. Staff from the Public Works Agency has evaluated the eflecte of these circulation changes, including an analysis of the levels of service of affected intersections, and found that they will result in no new significant traffic impacts. In fact, retaining the Koenig House will lessen the project's environmental effects by preserving, rehabilitating • and re-using a significant historic resource. The Mitigation Monitoring Program has been revised to reflect these changes. More specifically: Traffic Measure No. 18 (T-18) has been revised to eliminate the traffic signal and require a landscaped median in Broadway to prevent left turns; and, Cultural Resources Measures Nos. 1, 2, 4 and 9 (CR-1, CR-2, CR-4 and CR-9) have been revised to reflect the change requiring she Koenig House to be retained at its present location and to be rehabilitated by the applicant. The development agreement addressee the issues raised by the City Council at their March meeting. The tentative parcel map, which merges several existing lots on the project site, is in compliance with all applicable State and local regulations. The Final Environmental impact Report, Mitigation Monitoring Plan, Findings of Fact and Statement of Overriding Consideration for One Broadway Plaza has been revised to address the inclusion of a Development Agreement, the addition of mitigation measures to reduce impacts to historical resources and pedestrian safety, the construction of a student drop off for Orange County High School of the Arts and modifications to the egress of the project parking structure. Attached are the revisions to the Final Environmental Impact Report, Mitigation Monitoring Plan, Findings of Fact and Statement o! Overriding Consideration. • 75E-5