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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> COOPERATIVE AGREEMENT FOR <br /> OPF-SITE IMPROVEMENTS <br /> <br /> THIS Agreement is entered into this day of , 2005, by and between <br /> the SANDPOINTE NEIGHBORHOOD ASSOCIATION, INC., a California, non-profit public <br /> benefit and federal 501(c)(3) corporation ("Sandpointe"), (he N13XUS DEVELOPMENT <br /> CORPORATION/CENTRAL DIVISION, INC. a California corporation and The Grand Plan 2, <br /> LLC, a California Limited Liability Company (collectively referred to herein as'Nexus" <br /> COASTAL RIM PROPERTIES, INC., a California corporation Geneva Commons" the <br /> COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, a public body <br /> corporate and politic (the "Agency"), and the CITY OF SANTA ANA, a charter city and municipal <br /> corporation duly organized and existing under the Constitution and laws of the State of California <br /> (the "City") <br /> WITNBSSI3TH <br /> A. Nexus has proposed constructing at Hutton Center a five level residential <br /> condominium project, two 23-residentiet level condominium high-rise and one 24-residential level <br /> condominium (for a total not to exceed 835 condominium units), together with ancillary retail not <br /> to exceed 14,000 square feet (the "Nexus Project"). <br /> B. Geneva Commons has proposed constructing at the northeast corner of MacArthur <br /> Boulevard and Imperial Promenade an approximately 278-unit condominium project consisting of <br /> an 18-residential level high rise project and an eight-story building, together with ancillary retail <br /> (the "Geneva Commons Project"), <br /> C. Sandpointe is a non-profit corporation that serves as a conduit between the <br /> Sandpointe Neighborhood ("Neighborhood") and outside community and political interests. <br /> Sandpointe Neighborhood is a residential neighborhood of single family and some multi-family <br /> homes in the southeast portion of Santa Ana. The Sandpointe Neighborhood consists of <br /> approximately 800 residences. Sandpoint* does not have the authority to bind any individual <br /> resident of the Sandpointe Neighborhood. <br /> D. The Agency is a community redevelopment agency, as that term is defined in <br /> California Health & Safety Code § 33100. In 1982, the Agency created the South Main <br /> Redevelopment Project Area ("Project Area'), and Nexus and Geneva Commons are located within <br /> the Project Area. <br /> la. Sandpointe has identified certain physical Improvements needed In the area of the <br /> Neighborhood that arts necessitated by or would in some way offset the Impact of the two <br /> development projects. Nexus and Geneva Commons desire to contribute towards the cost midlor <br /> construction of those improvements to the Sandpointe neighborhood In addition to and to <br /> <br /> <br /> EXHIBIT D <br /> Ordinance No, NS-2660 I <br /> Page 30 of 61 <br /> <br /> <br /> <br /> 75A-91 <br />