ORANGE COUNTY TRANSPORTATION AUTHORITY AND THE CITY OF IRVINE

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M A-2011-067 AMENDMENT TO AND RESTATEMENT OF THE 1992 AGREEMENT BETWEEN THE CITIES OF SANTA ANA AND IRVINE 1 54- THIS AGREEMENT ("Agreement") entered into and shall be effective on this � f day of ` T 2011 by and between the City of Santa Ana, hereinafter referred to as "Santa Ana," and the City of Irvine, hereinafter referred to as"Irvine." Santa Ana and Irvine are collectively referred to as the "Parties," This AGREEMENT replaces and supersedes in its entirety that certain agreement dated November 24, 1992 by and between the Parties titled "Implementation of Roadway and Interchange Mitigation Program for EIR 88-ZC-0087" ("1992 Agreement."). A true and correct copy of the 1992 Agreement is attached hereto as Exhibit"A." RECITALS .._ _.... .. .._._. . . EREAS, on July I- —2-010--frvine certified ail Environmental impact Report for certain General Plan Amendments and Zone Changes that are collectively known as the "IBC Vision Plan." That same evening, Irvine approved the General Plan Amendment for the IBC Vision Plan, and conducted a first reading for the Zone Change for the IBC Vision Plan. On July 27, 2010, Irvine conducted I I a second reading for the Zone Change for the IBC Vision Plan. The IBC Vision Plan is hereinafter referred to as the "Project." The Project is generally bounded by the former Tustin Marine Corps Air Station (MCAS) to the north, the San Diego Creek channel to the east, John Wayne Airport and Campus Drive to the south and State Route 55 (SR-55) to the west. The Project is bordered by the cities of Newport Beach, Santa Ana, Costa Mesa.and Tustin, The Project includes and/or contemplates (J) an Increase in total units in the Irvine Business Complex ("IBC") from 9,401 units to 15,000 units, and (11) a reduction of 2,715,062 square feet of nonresidential development (measured in office equivalency), In addition, a total of 1,191 density bonus units could be allowed (and are therefore assumed as part of the Project) in accordance with state law, resulting in a total of 16,191 units; and