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HomeMy WebLinkAboutSJHTC CREDITS_NEWPORTER NORTH111111111111111111111111111111111111111111111 SJHTC Credits y IRVINE COMMUNITY DEVELOPMENT COMPANY November 10, 1997 Ms. Genia Garcia Associate Planner City of Newport Beach 3300 Newport Blvd. Newport Beach, Ca. 92663 Subject: Utilization of SJHTC Fee Credits - Standard Pacific of Orange County This letter is to formally request that Standard Pacific be allowed to utilize San Joaquin Hills Transportation Corridor fee credits in the amount of $7,473 for 3 units to be built on Tract 15243, Lots 1-3 at Newport North. Based on executed San Joaquin Hills Transportation Corridor Amended and Restated Combined Fee Credit and Reimbursement Agreement between the Transportation Corridor Agency (TCA) and The Irvine Company, the TCA has granted The Irvine Company $21,608,269 available fee credits in exchange for dedication of Company land to the TCA for construction of the San Joaquin Hills Transportation Corridor. The Irvine Company has transferred $5,000,000 of the available fee credits to Irvine Community Development Company, a wholly owned subsidiary of The Irvine Company. The fee credits which are the subject of this letter are being transferred by Irvine Community Development Company. After application to the fee credits requested per this letter, a total of $10,810,299 in fee credits will remain with The Irvine Company and $3,055,478 will remain with Irvine Community Development Company. Attached are 1 original and 1 copy of an executed agreement for transfer of interest in fee credits. Should you have any questions, please call me at 720-2558 or Kathy Besnard, Manager, Administrative Services for the Transportation Corridor Agency at 436-9800. Sincerely, Cynthia Daily Land Development Finance cc: Kathy Besnard, Transportation Corridor Agency Standard Pacific of Orange County P.O. Box 6370, Newport Beach, California 92658-6370 • (714) 720-2000 A subsidiary of The Irvine Company TRANSFER OF INTEREST IN FEE CREDITS This Agreement for Transfer of Interest in Fee Credits is made this loth day of November, 1997 by Irvine Community Development Company ("Developer") to Standard Pacific of Orange County ("Developer's Transferee") with respect to the following facts: RECITALS 1. The Irvine Company ("TIC") and the San Joaquin Hills Transportation Corridor Agency entered into a certain Fee Credit and Reimbursement Agreement on the 13th day of June, 1991 (the "Fee Credit Agreement"). 2. The Fee Credit Agreement allows for transfer of TIC's Available Fee Credits (as defined therein) to a successor -in -interest subject to certain terms and conditions. 3. TIC has transferred a portion of TIC's available Fee Credits to Developer. 4. Developer's Transferee is the successor -in -interest to the real property within the boundaries of the Area of Benefit (as that term is defined in the Fee Credit Agreement), which real property is more particularly described as Tract 15243, Lots 1-3 in the County of Orange, California. 5. Developer desires to transfer a portion of Developer's Available Fee Credits to Developer's Transferee. 6. Developer's transfer hereunder in no way limits or otherwise affects TIC's obligations under the Fee Credit Agreement which obligations are in no way assumed or transferred to Developer's Transferee. NOW, THEREFORE, in consideration of the above, the parties hereto agree as follows: AGREEMENT Developer hereby transfers to Developer's Transferee Seven Thousand, Four Hundred Seventy Three Dollars ($7,473) of Developer's Available Fee Credits for use on development within the above described real property, which Available Fee Credits may be applied by Transferee against "Development Fees" (as defined in the Fee Credit Agreement) in accordance with the terms and conditions set forth in the Fee Credit Agreement. IN WITNESS WHEREOF, the parties have executed the Agreement as of the day and year first above written. Developer: IRVINE COMMUNITY DEVELOPMENT COMPANY, a Delaware corporati By: ' Chick C. Willette Title: Executive Vice President Irvine Community Development Company Patricia B. Casassa Title: Assistant Secretary NOU-03-1997 17:10 STANDARD PACIFIC -OC. AT 7146415571 P.01i01 `�� STANDARD PACIFIC OF ORANGE COUNTY 1565 West MacArthur Boulevard, Costa Mesa, California 92626 DATE: November 3,1997 TO: Ellen Formica COMPANY: City of Newport Beach FAX NO.: PAGES (including cover sheet): 1 Pr FROM: Peggy Roberts-1 SUBJECT: 2Iv" SUBJECT: Palisades at Harbor Cove p u -o V- f Hi Ellen - We are preparing to pull our FINAL three building permits for 'j� q e as follows: Tract 15243 Lot 1 1443 High Bluff Drive P1an3C Lot 2 1441 High BluffDrive Plan 413R Lot 3 1439 High Bluff Drive Plan 2A We want the plumbing, mechanical and electrical permits too. It's been awhile since I pulled permits from the City, so I've forgotten what additional information you need. So, please review and let me know what else is needed. We have several weeks before I need the permits - I'll call you to discuss further... Thank you. FOR PROBLEMS OR QUESTIONS REGARDING THIS TRANSMISSION, PLEASE CONTACT US AT: (714) 668-4300 EXT: 389 FAX NO.: (714) 641-5571 TOTAL P.01 William Woollett, Jr. Chief Executive Officer San Joaquin Hills Foothill/Eastern Wolter D. Kreutzen CorddorAgency CorrldorAgency ZAk Chief Operating Officer Chairman: Chairman: Colleen E. Clark Peter Bufia Mike Ward TRANSPORTATION CORRIDOR AGENCIES Chief Financial Officer Costa Mesa Irvine Jerry E. Bennett Chief Engineer R�C�CIV�i; �7 P PLANNIING DEPARTMENT CITY OF NEWPORT BEACH November 13, 1997 Am NOV 17 1997 8�91IDIllIl2'112eSi41516 Genia Garcia Associate Planner City of Newport Beach 3300 Newport Blvd. Newport Beach, CA 92663 Re: Brookfield Homes Utilization of SJHTC Fee Credits SJHTCA Transfer No. SICD-7 Pursuant to the request from Irvine Community Development Company, the SJHTCA will release fee credits in the amount of $57,906 for 18 units to be built on Tract 15484 Lots 1— IS at Newport Coast, Please have Irvine Community Development Company complete the Transfer of Interest in Fee Credits form to keep in your files. This Agreement assures the County, Agency and Company that there is no unauthorized use of fee credits. The Agency does ask that you indicate the amount, date and for which tract and number of units for which fee credits have been relinquished as part of your quarterly submittal of fees. Sincerely, Kathy Besnard Director, Administrative Services cc: Cindy Daily, The Irvine Company Maria Fazio, TCA Gil Scofield, County of Orange 201 E. SANDPOINTE AVE., SUITE 200, P.O. BOX 28870, SAIM ANA, CA 92799-8870 714/436-9800 FAX 7141436-9848 http://www. tcagencies.com Members: Anaheim • Costa Mesa • County of Orange • Dana Point • twine • Lake Forest • Laguna Hills • Laguna Niguel Mission Wejo • Orange • Newport Beach • Santa Ana • Son Clemente • San Juan Capistrano • Tustin • Yorba Linda 0m .un�dP, William Woollett,Jr, Chief Executive Officer Son Joaquin Hills Foothill/EasternZAk Wolter D, kreutzen CorridorAgency CorridorAgency Chief Operating Officer Chairman: Chairman: Colleen E. Clark Peter Buffo Mike Ward TRANSPORTATION CORRIDOR AGENCIES Chief Financial Officer Costa Mesa Irvine Jerry E. Bennett Chief Engineer Rhv,riIVGN UI PLANNING DEPARTMENT CITY OF NEWPORT BEACO November 12, 1997 NOV 17 1997 PM Genia Garcia 7 819►ID1ll114112A41516 Associate Planner City of Newport Beach 3300 Newport Blvd. Newport Beach, CA 92663 Re: Standard Pacific Utilization of SJHTC Fee Credits SJHTCA Transfer No. SICD-6 Pursuant to the request from Irvine Community Development Company, the SJHTCA will release fee credits in the amount of $7,473 for 3 units to be built on Tract 15243 Lots 1— 3 at Newport North. Please have Irvine Community Development Company complete the Transfer of Interest in Fee Credits form to keep in your files. This Agreement assures the County, Agency and Company that there is no unauthorized use of fee credits. The Agency does ask that you indicate the amount, date and for which tract and number of units for which fee credits have been relinquished as part of your quarterly submittal of fees. Sincerely, ,�e�� Kathy Be and Director, Administrative Services cc: Cindy Daily, The Irvine Company Maria Fazio, TCA Gil Scofield, County of Orange 201 E. SANDPOINTE AVE., SUITE 200, P.O. BOX 28870, SANTA ANA, CA 927998870 7141436.9800 FAX 7141436-9848 http://www.tcogencies.com Members: Anaheim • Costa Mesa • County of Orange • Dana Point • Irvine • Lake Forest • Laguna Hills • Laguna Niguel Mission Viejo • Orange • Newport Beach • Santa Ana • Son Clemente • San Juan Capistrano 0 rustln 0 Yorba Linda %V IRVINE COMMUNITY DEVELOPMENT COMPANY October 29, 1997 Ms. Genia Garcia Associate Planner City of Newport Beach 3300 Newport Blvd. Newport Beach, Ca. 92663 RECENED BY nANNING DEPARTMENT :`1TY OF NEWPORT BEACH AM NOV 61997 PM 7181900iut12i1AMA6 k Subject: Utilization of SJHTC Fee Credits - Standard Pacific of Orange County This letter is to formally request that Standard Pacific be allowed to utilize San Joaquin Hills Transportation Corridor fee credits in the amount of $7,278 for 3 units to be built on Tract 15243, Lots 1-3 at Newport North. Based on executed San Joaquin Hills Transportation Corridor Amended and Restated Combined Fee Credit and Reimbursement Agreement between the Transportation Corridor Agency (TCA) and The Irvine Company, the TCA has granted The Irvine Company $21,608,269 available fee credits in exchange for dedication of Company land to the TCA for construction of the San Joaquin Hills Transportation Corridor. The Irvine Company has transferred $5,000,000 of the available fee credits to Irvine Community Development Company, a wholly owned subsidiary of The Irvine Company. The fee credits which are the subject of this letter are being transferred by Irvine Community Development Company. After application to the fee credits requested per this letter, a total of $10,810,299 in fee credits will remain with The Irvine Company and $3,055,673 will remain with Irvine Community Development Company. Attached are 1 original and 1 copy of an executed agreement for transfer of interest in fee credits. Should you have any questions, please call me at 720-2558 or Kathy Besnard, Manager, Administrative Services for the Transportation Corridor Agency at 436-9800. Sincerely, �l'C`ILtt�, Cynthia Daily (� Land Development Finance cc: Kathy Besnard, Transportation Corridor Agency Standard Pacific of Orange County P.O. Box 6370, Newport Beach, California 92658-6370 • (714) 720-2000 A subsidiary of The Irvine Company TRANSFER OF INTEREST IN FEE CREDITS This Agreement for Transfer of Interest in Fee Credits is made this 29th day of October, 1997 by Irvine Community Development Company ("Developer") to Standard Pacific of Orange County ("Developer's Transferee") with respect to the following facts: RECITALS 1. The Irvine Company ("TIC") and the San Joaquin Hills Transportation Corridor Agency entered into a certain Fee Credit and Reimbursement Agreement on the 13th day of June, 1991 (the "Fee Credit Agreement"). 2. The Fee Credit Agreement allows for transfer of TIC's Available Fee Credits (as defined therein) to a successor -in -interest subject to certain terms and conditions. TIC has transferred a portion of TIC's available Fee Credits to Developer. 4. Developer's Transferee is the successor -in -interest to the real property within the boundaries of the Area of Benefit (as that term is defined in the Fee Credit Agreement), which real property is more particularly described as Tract 15243, Lots 1-3 in the County of Orange, California. Developer desires to transfer a portion of Developer's Available Fee Credits to Developer's Transferee. 6. Developer's transfer hereunder in no way limits or otherwise affects TIC's obligations under the Fee Credit Agreement which obligations are in no way assumed or transferred to Developer's Transferee. NOW, THEREFORE, in consideration of the above, the parties hereto agree as follows: AGREEMENT Developer hereby transfers to Developer's Transferee Seven Thousand, Two Hundred Seventy Eight Dollars ($7,278) of Developer's Available Fee Credits for use on development within the above described real property, which Available Fee Credits may be applied by Transferee against Development Fees" (as defined in the Fee Credit Agreement) in accordance with the terms and conditions set forth in the Fee Credit Agreement. IN WITNESS WHEREOF, the parties have executed the Agreement as of the day and year first above written. Developer: IRVINE COMMUNITY DEVELOPMENT COMPANY, a Delaware corporation By: J. Thomas Sakai Title: Senior Vice President Irvine Community Development Company Patricia B. Casassa Title: Assistant Secretary TRANSFER OF INTEREST IN FEE CREDITS This Agreement for Transfer of Interest in Fee Credits is made this 29th day of October, 1997 by Irvine Community Development Company ("Developer") to Standard Pacific of Orange County ("Developer's Transferee") with respect to the following facts: RECITALS 1. The Irvine Company ("TIC") and the San Joaquin Hills Transportation Corridor Agency entered into a certain Fee Credit and Reimbursement Agreement on the 13th day of June, 1991 (the "Fee Credit Agreement"). 2. The Fee Credit Agreement allows for transfer of TIC's Available Fee Credits (as defined therein) to a successor -in -interest subject to certain terms and conditions. 3. TIC has transferred a portion of TIC's available Fee Credits to Developer. 4. Developer's Transferee is the successor -in -interest to the real property within the boundaries of the Area of Benefit (as that term is defined in the Fee Credit Agreement), which real property is more particularly described as Tract 15243, Lots 1-3 in the County of Orange, California. 5. Developer desires to transfer a portion of Developer's Available Fee Credits to Developer's Transferee. 6. Developer's transfer hereunder in no way limits or otherwise affects TIC's obligations under the Fee Credit Agreement which obligations are in no way assumed or transferred to Developer's Transferee. NOW, THEREFORE, in consideration of the above, the parties hereto agree as follows: AGREEMENT Developer hereby transfers to Developer's Transferee Seven Thousand, Two Hundred Seventy Eight Dollars ($7,278) of Developer's Available Fee Credits for use on development within the above described real property, which Available Fee Credits may be applied by Transferee against "Development Fees" (as defined in the Fee Credit Agreement) in accordance with the terms and conditions set forth in the Fee Credit Agreement. IN WITNESS WHEREOF, the parties have executed the Agreement as of the day and year first above written. Developer: IRVINE COMMUNITY DEVELOPMENT COMPANY, Delaware corporation By: J. Thomas Sakai Title: Senior Vice President Irvine Community Development Company Patricia B. Casassa Title: Assistant Secretary San Joaquin Hills Foothill/Eastern CorridorAgency CorrldorAgency Chairman: Chairman: Peter Bu!!a Mike Ward Costa Mesa Irvine September 4, 1996 Genia Garcia Associate Planner TRANSPORTATION CORRIDOR AGENCIES City of Newport Beach 3300 Newport Blvd. Newport Beach, CA 92663 Wllgam Woollett,Jr. Chief Executive Offlcer Walter D. Kreutzen Chief Operating O1Bcer Colleen E. Clark Chief Financial Officer Jerry E. Bennett Chief Engineer RECtivru ear PLANNING DEPARTMENT CITY OF NEWPORT BEAC14 4 SEP 9 1997 7i�9��111��1w�s�415, 6 Re: Standard Pacific Homes Utilization of SJHTC Fee Credits SJHTCA Transfer No. SJH-98 Pursuant to the request from Irvine Community Development Company, the SJHTCA will release fee credits in the amount of $12,868 for 4 units to be built on Tract 15488, Lots 3 - 6 at Newport Coast. Please have The Irvine Company complete the Transfer of Interest in Fee Credits form to keep in your files. This Agreement assures the City, Agency and Company that there is no unauthorized use of fee credits. The Agency does ask that you indicate the amount, date and for which tract and number of units for which fee credits have been relinquished as part of your quarterly submittal of fees. Sincerely, o(dl'Kathy Besnard N Director, Administrative Services cc: Cindy Daily, The Irvine Company Maria Fazio, TCA Gil Scofield, County of Orange 201 E. SANDPOINTE AVE., SUITE 200, P.O. BOX 28870, SANTA ANA, CA 92799-8870 714X436-9800 FAX 7141436-9848 http://www.tcagencies.com Members., Anaheim • Costa Mesa • County of Orange • Dana Point • Irvine • Lake Forest • Laguna Hills • Laguna Niguel Mission Vlelo • Orange • Newport Beach • Santa Ana • San Clemente • San Juan Capistrano • Tustin • Yorba Linda ® Pimed•n Ne yded P+pm Son Joaquin Hills Foothill/Eastern CorrldorAgency CorrldorAgency Chairman: Chairman: Peter Buffo Mike Ward TRANSPORTATION CORRIDOR AGENCIES Costa Mesa Irvine REt;h1VrU to June 17,1997 t.ANNING DEPARTMENT ITY OF NEWPORT BEACH Genia Garcia Ab JUN 19 1997 PM Associate Planner 7i8i9Afli1211j2A4A6 City of Newport Beach 3300 Newport Blvd. Newport Beach, CA 92663 Re: Standard Pacific Homes Utilization of SJHTC Fee Credits SJHTCA Transfer No. SJH-93 William Woollett,Jc Chief Executive Officer Walter D. Kreutzen Chief Operating Officer Colleen E. Clark Chief Financial Officer Jerry E. Bennett Chief Engineer Pursuant to the request from Irvine Community Development Company, the SJHTCA will release fee credits in the amount of $4,852 for 2 units to be built on Tract 15222, Lots 1 & 2 at Newport North. Please have Irvine Community Development Company complete the Transfer of Interest in Fee Credits form to keep in your files. This Agreement assures the County, Agency and Company that there is no unauthorized use of fee credits. The Agency does ask that you indicate the amount, date and for which tract and number of units for which fee credits have been relinquished as part of your quarterly submittal of fees. Sincerely, Kathy Be and Director, Administrative Services cc: Cindy Daily, The Irvine Company Maria Fazio, TCA Gil Scofield, County of Orange Standard Pacific Homes 201 E SANDPOINTE AVE., SUITE 200, P.O. BOX 28870, SANTA ANA, CA 92799-8870 7141436-9800 FAX 7141436-9848 hHp://www 1cagencles.com Members: Anaheim . Costa Mesa . County of Orange . Dana Point . Irvine . take Forest . Laguna Hills . Laguna Niguel . Mission WeJo . Orange • Newport Beach . Santa Ano . San Clemente . Son Juan Captstrano . Tustin • Yorbo Linda ® F i.,e . RwK,dM Paper San Joaquin Hills Foothill/Eastern CorridorAgency CorridorAgency Chairman: Chairman: Peter Bu/fa Mike Ward Costa Mesa Irvine June 17, 1997 Genia Garcia Associate Planner TRANSPORTATION CORRIDOR AGENCIES City of Newport Beach 3300 Newport Blvd. Newport Beach, CA 92663 Re: Standard Pacific Homes Utilization of SJHTC Fee Credits SJHTCA Transfer No. SJH-94 William Woollen Jr. Chief Executive Officer Walter D. Kreutzen Chief Operating Officer Colleen E. Clark Chief Financial Officer Jerry E. Bennett Chief Engineer Pursuant to the request from Irvine Community Development Company, the SJHTCA will release fee credits in the amount of $4,852 for 2 units to be built on Tract 15243, Lots 7 & 57 at Newport North. Please have Irvine Community Development Company complete the Transfer of Interest in Fee Credits form to keep in your files. This Agreement assures the County, Agency and Company that there is no unauthorized use of fee credits. The Agency does ask that you indicate the amount, date and for which tract and number of units for which fee credits have been relinquished as part of your quarterly submittal of fees. Sincerely, Kathy Be and Director, Administrative Services cc: Cindy Daily, The Irvine Company Maria Fazio, TCA Gil Scofield, County of Orange Standard Pacific Homes 201 E. SANOPOINTE AVE., SUITE 200, P.O. BOX 28870, SANTA ANA, CA 92799-8870 7141436-9800 FAX 7141436-9848 http://www.. tcagencies. com Members: Anaheim • Costa Mesa • County of Orange • Dana Point • Irvine • Lake Forest • Laguna Hills • Laguna Niguel Mission VIe10 • Orange • Newport Beach • Santa Ana . San Clemente . San Juan Capistrano • lusfin • Yorbo Linda ® P,Ntedm F[gclN Pape i IRVINE COMMUNITY DEVELOPMENT COMPANY June 12, 1997 Genia Garcia Associate Planner City of Newport Beach 3300 Newport Blvd. Newport Beach, Ca. 92663 Subject: Utilization of SJHTC Fee Credits - Standard Pacific of Orange County This letter is to formally request that Standard Pacific be allowed to utilize San Joaquin Hills Transportation Corridor fee credits in the amount of $4,852 for 2 units to be built on Tract 15222, Lots 1 & 2 at Newporter North. Based on executed San Joaquin Hills Transportation Corridor Amended and Restated Combined Fee Credit and Reimbursement Agreement between the Transportation Corridor Agency (TCA) and The Irvine Company, the TCA has granted The Irvine Company $21,608,269 available fee credits in exchange for dedication of Company land to the TCA for construction of the San Joaquin Hills Transportation Corridor. The Irvine Company has transferred $5,000,000 of the available fee credits to Irvine Community Development Company, a wholly owned subsidiary of The Irvine Company. The fee credits which are the subject of this letter are being transferred by Irvine Community Development Company. After application to the fee credits requested per this letter, a total of $10,810,299 in fee credits will remain with The Irvine Company and $3,849,197 will remain with Irvine Community Development Company. Attached are 1 original and 1 copy of an executed agreement for transfer of interest in fee credits. Should you have any questions, please call me at 720-2558 or Kathy Besnard, Manager, Administrative Services for the Transportation Corridor Agency at 436-9800. Sincerely, C Cynthia Daily Land Development Finance cc: Kathy Besnard, Transportation Corridor Agency Standard Pacific of Orange County P.O. Box 6370, Newport Beach, California 92658-6370 • (714) 720-2000 A subsidiary of The Irvine Company TRANSFER OF INTEREST IN FEE CREDITS This Agreement for Transfer of Interest in Fee Credits is made this 12th day of June, 1997 by Irvine Community Development Company ("Developer") to Standard Pacific of Orange County ("Developer's Transferee") with respect to the following facts: RECITALS 1. The Irvine Company ("TIC") and the San Joaquin Hills Transportation Corridor Agency entered into a certain Fee Credit and Reimbursement Agreement on the 13th day of June, 1991 (the "Fee Credit Agreement"). 2. The Fee Credit Agreement allows for transfer of TIC's Available Fee Credits (as defined therein) to a successor -in -interest subject to certain terms and conditions. TIC has transferred a portion of TIC's available Fee Credits to Developer. 4. Developer's Transferee is the successor -in -interest to the real property within the boundaries of the Area of Benefit (as that term is defined in the Fee Credit Agreement), which real property is more particularly described as Tract 15222, Lots 1 & 2 in the County of Orange, California. 5. Developer desires to transfer a portion of Developer's Available Fee Credits to Developer's Transferee. 6. Developer's transfer hereunder in no way limits or otherwise affects TIC's obligations under the Fee Credit Agreement which obligations are in no way assumed or transferred to Developer's Transferee. NOW, THEREFORE, in consideration of the above, the parties hereto agree as follows: AGREEMENT Developer hereby transfers to Developer's Transferee Four Thousand, Eight Hundred Fifty Two Dollars ($4,852) of Developer's Available Fee Credits for use on development within the above described real property, which Available Fee Credits may be applied by Transferee against "Development Fees" (as defined in the Fee Credit Agreement) in accordance with the terms and conditions set forth in the Fee Credit Agreement. IN WITNESS WHEREOF, the parties have executed the Agreement as of the day and year first above written. Developer: IRVINE COMMUNITY DEVELOPMENT COMPANY, Delaware corporation By: K�z oseph 15. Davis Title: Executive Vice President Irvine Community Development Company By: 2I, iC�2 Patricia B. Casassa Title: Assistant Secretary IyH THE IRVINE COMPANY To: Distribution From: Eileen Roth Date: August 29, 1996 Subject: Fee Credit Letter/IAC dated 8/27/96 INTEROFFICE MEMORANDUM REUIVtO dV Decode: PLANNING DEPARTMENT CITY OF -NEWPORT BEACH CC: AN SEP 0 31996 Io �'f st8�t11112t11�t�1415i6 Please discard letter dated August 27 regarding IAC Tract 15178 and substitute the attached letter. Fee credit dollar amount numbers were transposed. Thank You Distribution: TCA IAC, Sarah Chaffin John Boslet VO4 THE IRVINE COMPANY August 27, 1996 Ms. Genia Garcia Associate Planner City of Newport Beach 3300 Newport Boulevard Newport Beach, Ca. 92663 Subject: Utilization of SJHTC Fee Credits for Irvine Apartment Communities This letter is to formally request that Irvine Apartment Communities be allowed to utilize San Joaquin Hills Transportation Corridor fee credits in the amount of $346,920 for 245 units to be built on Tract 15178 in the City of Newport Beach. Based on executed San Joaquin Hills Transportation Corridor Fee Credit and Reimbursement Agreements between the Transportation Corridor Agency (TCA) and The Irvine Company, the TCA has granted The Irvine Company $17,376,219 in available fee credits in exchange for dedication of Company land to the TCA for construction of the Foothill/Eastern Transportation Corridor. After application to the fee credits requested per this letter, a total of $12,221,266 in fee credits will remain as summarized below. Credit Aoreement Total Credits Credits Utilized Balance SJHTC Segment 2 $ 5,215,984 $1,066,993 $ 4,148,991 (Laguna -Laurel) MacArthur/University Ave. 385,956 384,629 1,327 ROW -Newport Coast Drive 9,600,808 3,703,331 5,897,477 (as amended) ROW -Ford Road 600,128 -0- 600,128 Habitat Area 1,573,343 -0- 1,573,343 TOTAL $17.376,219 $5.154,953 $12.221.266 Attached are 1 original and 1 copy of an executed agreement for transfer of interest in fee credits. Should you have any questions, please call me at 720-2558 or Kathy Besnard, Manager, Administrative Services for the Transportation Corridor Agency at 436-9800. Sincerely, Cy thia Daily"Wk� Land Development Finance cc: Kathy Besnard, Transportation Corridor Agency Irvine Apartment Communities 550 Newport Center Drive, P.O. Box 6370, Newport Beach, California 92658-6370 • (714) 720-2000 CITY OF NEWPORT BEACH P.O. BOX 1768, NEWPORT BEACH, CA 92658-8915 July 23, 1996 Transportation Corridor Agencies 201 E. Sandpointe Avenue Suite 200 P.O. Box 28870 Santa Aria, CA 92799-8870 RE: Fletcher Jones Motorcars, San Joaquin Hills Transportation Corridor Fee 3300 Jamboree Road Newport Beach, CA Attention: Kathy Besnard Dear Ms. Besnard: PLANNING DEPARTMENT CITY OF NEWPORT BEACH JUL J 11996 7 8191l0IllIL911121314I A Pursuant to our conversation, this letter is to obtain confirmation for the calculation of fees for the above referenced project. The new auto dealership building will include a gross square footage of 158,551. As discussed with you, there is a parking structure with a total of 17,196 square feet that is to be used for auto parking only. As parking structures are exempt, this amount of square footage is to be deducted from the total square footage in calculating the San Joaquin Hills Transporation Corridor Fee. Please confirm that this is correct and reply in writing so that we may be able to adjust our records accordingly. Sincerely, `rGe� `� ` Gema Garcia Associate Planner cc: Emmett Berkery, Public Works Bill Pettit, Harris -Pettit Architects h 3300 Newport Boulevard, Newport Beach CITY OF NEWPORT BEACH P.O. BOX 1768, NEWPORT BEACH. CA 92658-8915 July 23, 1996 Transportation Corridor Agencies 201 E. Sandpointe Avenue Suite 200 P.O. Box 28870 Santa Ana, CA 92799-8870 RE: Fletcher Jones Motorcars, San Joaquin Hills Transportation Corridor Fee 3300 Jamboree Road Newport Beach, CA Attention: Kathy Besnard Dear Ms. Besnard: PLANNING DEPARTMENT CITY OF NEWPORT BEACH JUL S 1996 7 8�91101ll112�1�2�3�41516 Pursuant to our conversation, this letter is to obtain confirmation for the calculation of fees for the above referenced project. The new auto dealership building will include a gross square footage of 158,551. As discussed with you, there is a parking structure with a total of 17,196 square feet that is to be used for auto parking only. As parking structures are exempt, this amount of square footage is to be deducted from the total square footage in calculating the San Joaquin Hills Transporation Corridor Fee. Please confirm that this is correct and reply in writing so that we may be able to adjust our records accordingly. Sincerely, ,t>J44_t1� /— Genia Garcia Associate Planner cc: Emmett Berkery, Public Works Bill Pettit, Harris -Pettit Architects .. .. i.i li �A 3300 Newport Boulevard, Newport Beach William Woollett, Jr. Chlef Executive Officer San Joaquin Hills Foofhlli/Eastem Walter D. Kreuhen CorridorAgency Corridor Agency Executive Vice President ZAk Bnance & Administrafion Chairman: Chairman: Patricia Bates Scott Diehl Gregory G. Henk Laguna Niguel San Clemente TRANSPORTATION CORRIDOR AGENCIES Executive Vice President Design & Construction REt;utveu raft -1ANNI4G DEPARTMENT 'NTY OF NEWPORT BEACH December 16, 1996 AV DEC 191996 ►9►ID►ll►�►�►2►3e4►5i6 Genia Garcia Associate Planner City of Newport Beach 3300 Newport Blvd. Newport Beach, CA 92663 Re: Standard Pacific Homes Utilization of SJHTC Fee Credits SJHTCA Transfer No. SJH-84 REPLACES SJH-84 DATED 12/13/96 Pursuant to the request from The Irvine Company, the SJHTCA will release fee credits in the amount of $29,112 for 12 units to be built on Tract 15243, Lots 24 - 35 at Newport North. Please have The Irvine Company complete the Transfer of Interest in Fee Credits form to keep in your files. This Agreement assures the City, Agency and Company that there is no unauthorized use of fee credits. The Agency does ask that you indicate the amount, date and for which tract and number of units for which fee credits have been relinquished as part of your quarterly submittal of fees. Sincerely, Kathy Bes d Manager, Administrative Services cc: Cindy Daily, The Irvine Company Maria Fazio, TCA Gil Scofield, County of Orange Crystal Burckle, Standard Pacific 201 E. SANDPOINTEAVE., SUITE 200, P.O. BOX 28870, SANTA ANA, CA 92799-BB70 7141436-9800 FAX 7141436-9848 Members: Anaheim . Costa Mesa . County of Orange . Dana Point . twine . Lake Forest . Laguna Hills . Laguna Niguel . Mission Viejo • Orange . Newport Beach . Santa Ana . San Clemente . San Juan Capistrano . Tustin . Yorba Linda ® RBcy Wpoper William WooVett. Jr. Chief Executive Officer San Joaquin Hills Foothill/Eastern Wolter D. Kreuizen CorrldorAgency CotddorAgency Executive Vice President Finance & Administration CnaGman: Chairman: � Potdcto Sates Scott Diehl Gregory G. Henk wguno Niguel son Clemente TRANSPORTATION CORRIDOR AGENCIES Executive V+ce President June 18, 1996 C012RECTIONTsiLConstruction SENT 6/13/96 Kevin Murphy City of Newport Beach 3300 Newport Blvd. Newport Beach, CA 92663-3884 Re: Increases in Development Impact Fees Dear Mr. Murphy: The Boards of Directors have approved the following fee schedule for the Major Thoroughfare and Bridge Fee Program as follows: S..MTCA Fee Schedule I ZOOS Single Multi Family Non-residential j Family 1 Residential (per sq. foot) Residential (per unit) (per unit) 7F one 4 $3,133 "1,P24 $4.20 $2,426 $1,416 $3.11 FIETCA 17 e c ZONES Single MI! Family Non-residential Family t . sidential (per sq. foot) i Resident' I (per unit) Q r unit) —� $4.99 Zr !ta A $3,594 $2,098 Zone B i $2,55 $1.487 $2.90 i The fee structure will be effective as of July, 1996. If you have any questions, please call Kathy Besnard at (714) 513-3403. Sincerelt, William WO011ett,Y. Chief Executive Officer cc: Kathy Besnard 201 E. SANOPOINTE AVE., SUITE 200, P.O. SOX 28870, SANTA ANA, 04 92799-8870 714/436-9600 FAX 7141436-9848 Members. Anaheim . Costa Mesa . County o/ Orange . Dana Point . Irvine . Lcke Fares' . Laguna Hills . Laguna Niguel . Mission Viejo . Orange . Newport Beach . Santa Ana . San Clemente . son Juan Capistrano . Tustin . Yorbo Linda eR,,Cme , S96-07 RESOLUTION OF THE SAN JOAQUIN HILLS TRANSPORTATION CORRIDOR AGENCY APPROVING AN ANNUAL ADJUSTMENT IN THE AREA OF BENEFIT FEES AND MAKING CERTAIN FINDINGS RELATING TO ANNUAL ADJUSTMENT OF THE AREA OF BENEFIT FEES On motion of Director Richardson , the following Resolution was adopted: WHEREAS, the member public agencies (the "Members") of the San Joaquin Hills Transportation Corridor Agency (the "Agency") have been authorized, pursuant to section 66484.3 of the Government Code of the State of California (the "Act") to require by ordinance the payment of a fee (the "Development Fee") as a condition of approval of a final map or as a condition of issuing a building permit, for the purpose of deferring the actual estimated cost of constructing bridges over waterways, railways, freeways and canyons or constructing major thoroughfares; and WHEREAS, pursuant to the Major Thoroughfare and Bridge Fee Program for San Joaquin Hills Transportation Corridor and Foothill/Eastem Transportation Corridors (the "Fee Program"), attached as Exhibit A to the First Amended and Restated Joint Exercise of Powers Agreement Creating the San Joaquin Hills Transportation Corridor Agency, dated October 21, 1988 (the "JPA" ), and the ordinances and resolutions necessary to implement the Fee Program by Members, the Development Fee has been levied; and WHEREAS, pursuant to Section XII of the Fee Program, the Development Fees are automatically adjusted annually in accordance with Government Code Section 66484.3 to reflect increases in construction costs; and WHEREAS, this Board desires to increase the Development Fee to reflect increases in construction costs, as reflected in the bond financing documents for the San Joaquin Hills Transportation Corridor ("Bond Financing Documents"); and NOW, THEREFORE, be it resolved, determined and ordered by the Board of Directors of the San Joaquin Hills Transportation Corridor Agency as follows: OC1961490009 Section 1. The increase of the Development Fee and the adjustment in the credit rate for right-of-way credit and supplemental credits in accordance with the schedule attached hereto as Exhibit A, and in conformity with the Bond Financing Documents dated March 4, 1993, is hereby approved and ordered. The schedule of fees with regard to the San Joaquin Hills Transportation Corridor Agency on Page 21 of the Fee Program and the credit rate for right-of-way credits and supplemental credits on pages 26 of the Fee Program are hereby revised in accordance with Exhibit A hereto. Section 2. The purpose of the increase in the Development Fees is to reflect cost increases in connection with the construction of bridges over waterways, railways, freeways and canyons or constructing major thoroughfares in Orange County, as more fully described in the Fee Program. Section . The Development Fees are to be used pursuant to the provisions of the Fee Program as revised on January 1991. Section . The Agency hereby determines that there is a fair and reasonable relationship between the use of the Development Fees and the type of development projects on which the Development Fees are imposed. This determination is based on the findings and determinations in the Fee Program and the findings and determinations in Resolution No. S91-01 adopted by the Board of Directors on January 10, 1991. The findings and determinations in Resolution No. S91-01 are incorporated herein by reference. Section . The Agency hereby determines that there is a fair and reasonable relationship between the need for the public facilities to be constructed with the proceeds of the Development Fees and the type of development project on which the Development Fees are imposed. This determination is based on the findings and determinations contained in the Fee Program and the findings and determinations in Resolution No. S91- 01. Section . The Agency hereby determines that there is a fair and reasonable relationship between the amount of Development Fees and the total estimated cost of the San Joaquin Hills Transportation Corridor. This determination is based upon the findings and determinations of the Fee Program and the findings and determinations in Resolution No. S91-01. OM961490009 Section 7. This Resolution shall become effective immediately upon adoption. Chairman San Joaquin Hills Transportation Corridor Agency ATTEST: Asst. Secr San Joaquin Hills Transportation Corridor Agency I, Kathy Besnard, Assistant Secretary of the San Joaquin Hills Transportation Corridor Agency, hereby certify that the foregoing Resolution No. S95-09 was adopted on June 13, 1996, by the Board of Directors of the San Joaquin Hills Transportation Corridor Agency by the following vote: Ayes: Bates, Buffa, Campbell, Diehl, Lautenschleger, O'Neil, Ossenmacher Richardson, Saltarelli Noes: None Absent: Bergeson, Lowe, Ward Abstain: None Assistant Sec tary San Joaquin 'lls Transportation Corridor Agency 00961490009 EXHIBIT A DEVELOPMENT FEE SCHEDULE RIGHT OF WAY CREDIT RATE Zones Single Multi Non - Family Family Residential Residential Residential (per sq. (per unit) (per unit) foot) Zone A $3,133 $1,824 $4.20 Zone B 1 $2,426 1$1,416 1$3.11 The per acre credit rate for "Creditable Acreage" (per acre for dedicated right of way, except for slope easements and a 120-foot-wide strip along the centerline of the transportation corridor which would normally be required for arterial highway dedication) are adjusted by the fee increase rate. The total credit of both available fee credits and supplemental fee credits remains at $75,000 per Creditable Acre. The fee credit rates are: Fee Credit Rate $61,981 Supplemental Fee Credit Rate $13,019 W961490009 F96-05 RESOLUTION OF THE FOOTHILL:F-ASTERN TRANSPORTATION CORRIDOR AGENCY APPROVING AN ANNUAL ADJUSTMENT IN THE AREA OF BENEFIT FEES AND MAKING CERTAIN FINDINGS RELATING TO ANNUAL ADJUSTMENT OF THE AREA OF BENEFIT FEES On motion of Director Richardson , the following Resolution was adopted: WHEREAS, the member public agencies (the "Members") of the Foothill/Eastern Transportation Corridor Agency (the "Agency') have been authorized, pursuant to section 66484.3 of the Government Code of the State of California (the "Act") to require by ordinance the payment of a fee (the "Development Fee") as a condition of approval of a final map or as a condition of issuing a building permit, for the purpose of deferring the actual estimated cost of constructing bridges over waterways, railways, freeways and canyons or constructing major thoroughfares; and WHEREAS, pursuant to the Major Thoroughfare and Bridge Fee Program for Foothill/Eastern Transportation Corridor and Foothill/Eastern Transportation Corridors (the "Fee Program"), attached as Exhibit A to the First Amended and Restated Joint Exercise of Powers Agreement Creating the Foothill/Eastern Transportation Corridor Agency, dated October 21, 1988 (the "JPA"), and the ordinances and resolutions necessary to implement the Fee Program by Members, the Development Fee has been levied; and WHEREAS, pursuant to Section X 1 of the Fee Program, the Development Fees are automatically adjusted annually in accordance with Government Code Section 66484.3 to reflect increases in construction costs; and WHEREAS, this Board desires to increase the Development Fee to reflect increases in construction costs, as reflected in the bond financing documents for the Foothill/Eastern Transportation Corridor ("Bond Financing Documents"); and NOW, THEREFORE, be it resolved, determined and ordered by the Board of Directors of the Foothill/Eastern Transportation Corridor Agency as follows: 00961490009 ect . The increase of the Development Fee and the adjustment in the credit rate for right-of-way credit and supplemental credits in accordance with the schedule attached hereto as Exhibit A, and in conformity with the Bond Financing Documents dated June 1, 1995, is hereby approved and ordered. The schedule of fees with regard to the Foothill/Eastern Transportation Corridor Agency on Page 21 of the Fee Program and the credit rate for right-of-way credits and supplemental credits on pages 26 of the Fee Program are hereby revised in accordance with Exhibit A hereto. Section . The purpose of the increase in the Development Fees is to reflect cost increases in connection with the construction of bridges over waterways, railways, freeways and canyons or constructing major thoroughfares in Orange County, as more fully described in the Fee Program. Section . The Development Fees are to be used pursuant to the provisions of the Fee Program as revised on January 1991. Section 4. The Agency hereby determines that there is a fair and reasonable relationship between the use of the Development Fees and the type of development projects on which the Development Fees are imposed. This determination is based on the findings and determinations in the Fee Program and the findings and determinations in Resolution No. F91-01 adopted by the Board of Directors on January 10, 1991. The findings and determinations in Resolution No. F91-01 are incorporated herein by reference. Section-5 The Agency hereby determines that there is a fair and reasonable relationship between the need for the public facilities to be constructed with the proceeds of the Development Fees and the type of development project on which the Development Fees are imposed. This determination is based on the findings and determinations contained in the Fee Program and the findings and determinations in Resolution No. F91- 01. Section . The Agency hereby determines that there is a fair and reasonable relationship between the amount of Development Fees and the total estimated cost of the Foothill/Eastem Transportation Corridor. This determination is based upon the findings and determinations of the Fee Program and the findings and determinations in Resolution No. F91-01. oC%961490009 Section 7. This Resolution shall become effective immediately upon adoption. Chairman Foothill/Eastem Transportation Corridor Agency ATTEST: Asst. Secretary U Foothill/Eastern Transportation Corridor Agency I, Kathy Besnard, Assistant Secretary of the Foothill/Eastern Transportation Corridor Agency, hereby certify that the foregoing Resolution No. F96-05 was adopted on June 13, 1996, by the Board of Directors of the Foothill/Eastern Transportation Corridor Agency by the following vote: Campbell, Slater, Diehl, Kaufman, Richardson, Steiner, Ayes: Saltarelli, Wilson, Wisner, Zemel Noes: None Absent: Bergeson, Coontz, Potts, Ward, Withrow Abstain: None Assistant Sec tary Foothill/Eastem Transportation Corridor Agency EXHIBIT A DEVELOPMENT FEE SCHEDULE RIGHT OF WAY CREDIT RATE Development Fee Schedule Zones Single Multi Non - Family Family Residential Residential Residential (per sq. (per unit) (per unit) foot) Zone $3,594 $2,098 $4.99 A Zone B $2,556 $1,487 J$2.90 Thp per acre credit rate for "Creditable Acreage" (per acre for dedicated right of way, except for slope easements and a 120-foot-wide strip along the centerline of the transportation corridor which would normally be required for arterial highway dedication) are adjusted by the fee credit rate. The total credit of both available fee credits and supplemental fee credits remains at $75,000 per Creditable Acre. The credit rates are: Fee Credit Rate $57,004 Supplemental Fee Credit Rate $17,996 00961490009 William Woollen Jr. Chief Executive Officer Son Joaquin Hills Foothill/Eastern Walter D. Kreutzen CorridorAgency CorrldorAgency Executive Vice President -z�Ak Finance & Administration Chairman: Chairman: Patricia Bates Scoft Dlehl Gregory G. Hank Laguna Niguel San Clemente TRANSPORTATION CORRIDOR AGENCIES Executive Vice President Design & Construction PLANNING DEPARTMENI CITY OF NEWPORT BEACV December 13, 1996 DEC DEC 171996 AM Genia Garcia Associate Planner City of Newport Beach 3300 Newport Blvd. Newport Beach, CA 92663 Re: Standard Pacific Homes Utilization of SJHTC Fee Credits SJHTCA Transfer No. SJH-84 Pursuant to the request from The Irvine Company, the SJHTCA will release fee credits in the amount of $21,112 for 12 units to be built on Tract 15243, Lots 24 - 35 at Newport North. Please have The Irvine Company complete the Transfer of Interest in Fee Credits form to keep in your files. This Agreement assures the City, Agency and Company that there is no unauthorized use of fee credits. The Agency does ask that you indicate the amount, date and for which tract and number of units for which fee credits have been relinquished as part of your quarterly submittal of fees. Sincerely, Kathy nard Manager, Administrative Services cc: Cindy Daily, The Irvine Company Maria Fazio, TCA Gil Scofield, County of Orange Crystal Burckle, Standard Pacific 201 E. SANDPOINTE AVE., SUITE 200, P.O BOX 28870, SANTA ANA, CA 92799-8870 714/436.9800 FAX 7141436-9848 Members. Anaheim • Costa Mesa • County of Orange • Dana Point . twin • Lake Forest • Laguna Hills • Laguna Niguel Mission Vlelo • Orange • Newport Beach . Santa Ana . San Clemente . San Juan Capistrano • Tustin . yorba Undo ® Recycled Pcper 0 �ak THE IRVINE COMPANY X 4 Pc�154& December 10, 1996 Ms. Genia Garcia Associate Planner City of Newport Beach 3300 Newport Boulevard Newport Beach, Ca. 92663 Subject: Utilization of SJHTC Fee Credits for Standard Pacific of Orange County This letter is to formally request that Standard Pacific of Orange County be allowed to utilize San Joaquin Hills Transportation Corridor fee credits in the amount of $29,112 for 12 units to be built on Tract 15243, Lots 24-35 at Newport North. Based on the executed San Joaquin Hills Transportation Corridor Amended and Restated Combined Fee Credit and Reimbursement Agreement between the Transportation Corridor Agency (TCA) and The Irvine Company, the TCA has granted The Irvine Company $21,669,778 in available fee credits in exchange for dedication of Company land to the TCA for construction of the San Joaquin Hills Transportation Corridor. After application to the fee credits requested per this letter, a total of $15,871,808 in fee credits will remain. Attached are 1 original and 1 copy of an executed agreement for transfer of interest in fee credits. Should you have any questions, please call me at 720-2558 or Kathy Besnard, Manager, Administrative Services for the Transportation Corridor Agency at 436-9800. Sincerely, Cyn�t�h�ia�Daily Land Development Finance cc: Kathy Besnard, Transportation Corridor Agency Standard Pacific of Orange County 550 Newport Center Drive, P.O. Box 6370, Newport Beach, California 92658-6370 • (714) 720-2000 TRANSFER OF INTEREST IN FEE CREDITS This Agreement is made and entered into this 10th day of December 1996 by and between The Irvine Company, a Michigan corporation ("Developer"), and Standard Pacific of Orange County ("Developer's Transferee") with respect to the following facts: RECITALS 1. Developer and the San Joaquin Hills Transportation Corridor Agency entered into a certain Amended and Restated Combined Fee Credit and Reimbursement Agreement effective as of the 21st day of November, 1996 (the "Fee Credit Agreement"). 2. The Fee Credit Agreement allows for transfer of Developer's Remaining Fee Credits (as defined therein) to a successor -in -interest subject to certain terms and conditions. 3. Developer's Transferee is the successor -in -interest to the real property within the boundaries of the Area of Benefit (as that term is defined in the Fee Credit Agreement), which real property is more particularly described as Lots 24-35 in Tract 15243 in the City of Newport Beach, County of Orange, California. 4. Developer desires to transfer a portion of Developer's Remaining Fee Credits to Developer's Transferee. 5. The Fee Credit Agreement requires Developer's Transferee to acknowledge and accept the terms and obligations contained in the Fee Credit Agreement. NOW, THEREFORE, in consideration of the above, the parties hereto agree as follows: AGREEMENT A. Developer's Transferee acknowledges, accepts and binds itself to all terms, conditions and obligations of the Fee Credit Agreement insofar as such Fee Credit Agreement applies to that real property described above and to the transfer by Developer of Developer's Remaining Fee Credits to Developer's Transferee. B. Developer hereby transfers to Developer's Transferee Twenty Nine Thousand, One Hundred Twelve Dollars ($29,112) of Developer's Remaining Fee Credits for use on development within the above described real property. above written. IN WITNESS WHEREOF, the parties have executed the Agreement as of the day and year first 41k, .,a,�, By:� Bern rd A. aniscalco Title: President, Coastal Community Builders, a division of The Irvine Company Patricia B. Casassa Title: Assistant Secretary William Woollett, Jr. Chief Executive Officer San Joaquin Hills Foothlli/Eastern Walter D. Kreutzen CorrldorAgency CorddorAgency Executive Vice President Finance & Administration Chairman: Chairman:ZAL Patricia Bates Scott Diehl Gregory G. Henk Laguna Niguel San Clemente TRANSPORTATION CORRIDOR AGENCIES Executive Vice President Design & Construction August 29, 1996 ItECEIVeu dY PLANNING DEPARTMENT CITY OF NEWPORT BEAC14 Genia Garcia W 0 31996 Associate Planner AN PM City of Newport Beach 718191011111211AA41M 3300 Newport Blvd. Newport Beach, CA 92663 Re: California Pacific Homes Utilization of SJHTC Fee Credits SJHTCA Transfer No. SJH-72 Pursuant to the request from The Irvine Company, the SJHTCA will release fee credits in the amount of $346,920 for 245 units to be built on Tract 15178 in the City of Newport Beach. Please have The Irvine Company complete the Transfer of Interest in Fee Credits form to keep in your files. This Agreement assures the City, Agency and Company that there is no unauthorized use of fee credits. The Agency does ask that you indicate the amount, date and for which tract and number of units for which fee credits have been relinquished as part of your quarterly submittal of fees. Sincerely, Kathy Besnard Manager, Administrative Services cc: Cindy Daily, The Irvine Company Maria Fazio, TCA Gil Scofield, County of Orange 201 E. SANDPOINTE AVE., SUITE 200, P.O. BOX 28870, SANTA ANA, CA 92799-SB70 7141436-9800 FAX 714/436-9848 Members: Anaheim • Costa Mesa • County of Orange • Dana Point • Irvine • Lake Forest • Laguna Hills • Laguna Niguel Mission VIe/o • Orange • Newport Beach • Santa Ana • San Clemente • San Juan Capistrano • Tustin • Yorba Linda ® rtecKWPOp l THE IRVINE COMPANY RECEIVED BY PLANNING DEPARTMENT August 27, 1996 CITY OF NEWPORT BEACH Ms. Genia Garcia M AUG 3 0 1996PM Associate Planner 71g1g11DIU112111213141516 City of Newport Beach 3300 Newport Boulevard Newport Beach, Ca. 92663 Subject: Utilization of SJHTC Fee Credits for Irvine Apartment Communities This letter is to formally request that Irvine Apartment Communities be allowed to utilize San Joaquin Hills Transportation Corridor fee credits in the amount of $364,920 for 245 units to be built on Tract 15178 in the City of Newport Beach. Based on executed San Joaquin Hills Transportation Corridor Fee Credit and Reimbursement Agreements between the Transportation Corridor Agency (TCA) and The Irvine Company, the TCA has granted The Irvine Company $17,376,219 in available fee credits in exchange for dedication of Company land to the TCA for construction of the Foothill/Eastern Transportation Corridor. After application to the fee credits requested per this letter, a total of $12,221,266 in fee credits will remain as summarized below. Credit Agreement Total Credits Credits Utilized Balance SJHTC Segment 2 $ 5,215,984 $1,066,993 $ 4,148,991 (Laguna -Laurel) MacArthur/University Ave. 385,956 384,629 1,327 ROW -Newport Coast Drive 9,600,808 3,703,331 5,897,477 (as amended) ROW -Ford Road 600,128 -0- 600,128 Habitat Area 1,573,343 -0- 1,573,343 TOTAL $17.376.219 $ 5.154.953 $12.221.266 Attached are 1 original and 1 copy of an executed agreement for transfer of interest in fee credits. Should you have any questions, please call me at 720-2558 or Kathy Besnard, Manager, Administrative Services for the Transportation Corridor Agency at 436-9800. Sincerely, -thACt.. Cynthia Daily Land Development Finance cc: Kathy Besnard, Transportation Corridor Agency Irvine Apartment Communities 550 Newport Center Drive, P.O. Box 6370, Newport Beach, California 92658-6370 • (714) 720-2000 TRANSFER OF INTEREST IN FEE CREDITS This Agreement is made and entered into this 27th day of August 1996 by and between The Irvine Company ("Developer") and Irvine Apartment Communities ("Developer's Transferee") with respect to the following facts: RECITALS 1. Developer and the San Joaquin Hills Transportation Corridor Agency entered into a certain Agreement for Grant of Fee Credits on the 10th day of May, 1995 (the "Fee Credit Agreement"). 2. The Fee Credit Agreement allows for transfer of Developer's Available Fee Credits (as defined therein) to a successor -in -interest subject to certain terms and conditions. 3. Developer's Transferee is the successor -in -interest to the real property within the boundaries of the Area of Benefit (as that term is defined in the Fee Credit Agreement), which real property is more particularly described as Units 1-245, Tract 15178 in the City of Newport Beach 4. Developer desires to transfer a portion of Developer's Available Fee Credits to Developer's Transferee. 5. The Fee Credit Agreement requires Developer's Transferee to acknowledge and accept the terms and obligations contained in the Fee Credit Agreement. NOW, THEREFORE, in consideration of the above, the parties hereto agree as follows: AGREEMENT A. Developer's Transferee acknowledges all terms, conditions and obligations of the Fee Credit Agreement insofar as such Fee Credit Agreement applies to the Fee Credits transferred hereunder. B. Developer hereby transfers to Developer's Transferee Three Hundred Forty Six, Nine Hundred Twenty Dollars ($346,920) of Developer's Available Fee Credits for use on development within the above described real property. above written. IN WITNESS WHEREOF, the parties have executed the Agreement as of the day and year first Developer: THE IRVINE COMPANY, a Michigan corporation OJ4By: Bernard A. Maniscalco Title: President, Coastal Community Builders a division of The Irvine Company By: flya--b� Patricia B. Casassa Title: Assistant Secretary William Woollett, Jr. Chief Executive Officer San Joaquin Hills Foothill/Eastern WalterD. Kreut[en CorrldorAgency CorrldorAgencyZ^ Executive Vice President Finance & Administration Chairman: Chairman: Patricia Bates Scott Diehl Laguna Niguel Son Clemente TRANSPORTATION CORRIDOR AGENCIES Gregory G. Henk Executive Vice President Design & Construction JM P\YI.�YVk:Yi Y✓B LANNING DEPARTME01 ,TV OF NEWPORT BEACH November 21, 1996 my 2,, 1996 AM PIA 7 9110111112i71213A516 Genia Garcia _ Associate Planner City of Newport Beach 3300 Newport Blvd. Newport Beach, CA 92663 Re: Standard Pacific Homes Utilization of SJHTC Fee Credits SJHTCA Transfer No. SJH-83 Pursuant to the request from The Irvine Company, the SJHTCA will release fee credits in the amount of $33,964 for 14 units to be built on Tract 15011, Lots 19 - 29 and 53 - 55 at Newport North. Please have The Irvine Company complete the Transfer of Interest in Fee Credits form to keep in your files. This Agreement assures the City, Agency and Company that there is no unauthorized use of fee credits. The Agency does ask that you indicate the amount, date and for which tract and number of units for which fee credits have been relinquished as part of your quarterly submittal of fees. Sincerely, Kathy Be and Manager, Administrative Services cc: Cindy Daily, The Irvine Company Maria Fazio, TCA Gil Scofield, County of Orange Standard Pacific 201 E. SANOPOINTE AVE., SUITE 200, P.O. BOX 28870, SANTA ANA, CA 92799-BB70 7141436-9800 FAX 714/436-9848 Members: Anaheim • Costa Mesa • County of Orange • Dana Point . Irvine • Lake Forest • Laguna Hills • Laguna Niguel Mission Viejo • Orange • Newport Beach • Santa Ana • San Clemente . San Juan Capistrano • Tustin • Yorba Linda ® Reryde Pr r WOO THE IRVINE COMPANY November 18, 1996 Ms. Genia Garcia Associate Planner City of Newport Beach 3300 Newport Boulevard Newport Beach, Ca. 92663 Subject: Utilization of SJHTC Fee Credits for Standard Pacific of Orange County This letter is to formally request that Standard Pacific of Orange County be allowed to utilize San Joaquin Hills Transportation Corridor fee credits in the amount of $33,964 for 14 units to be built on Tract 15011, Lots 19-29 and 53-55 at Newport North. Based on executed San Joaquin Hills Transportation Corridor Fee Credit and Reimbursement Agreements between the Transportation Corridor Agency (TCA) and The Irvine Company, the TCA has granted The Irvine Company $17,376,219 in available fee credits in exchange for dedication of Company land to the TCA for construction of the Foothill/Eastern Transportation Corridor. After application to the fee credits requested per this letter, a total of $11,612,535 in fee credits will remain as summarized below. Credit Agreement Total Credits Credits Utilized Balance SJHTC Segment 2 $ 5,215,984 $1,066,993 $ 4,148,991 (Laguna -Laurel) MacArthur/University Ave. 385,956 384,629 1,327 ROW -Newport Coast Drive 9,600,808 4,312,062 5,288,746 (as amended) ROW -Ford Road 600,128 -0- 600,128 Habitat Area 1,573,343 -0- 1.573,343 TOTAL $17.376,219 $ 5,763.684 $11.612 535 Attached are 1 original and 1 copy of an executed agreement for transfer of interest in fee credits. Should you have any questions, please call me at 720-2558 or Kathy Besnard, Manager, Administrative Services for the Transportation Corridor Agency at 436-9800. Sincerely, Cynthia Daily� Land Development Finance cc: Kathy Besnard, Transportation Corridor Agency Standard Pacific of Orange County 550 Newport Center Drive, P.O. Box 6370, Newport Beach, California 92658-6370 • (714) 720-2000 TRANSFER OF INTEREST IN FEE CREDITS This Agreement is made and entered into this 16th day of November 1996 by and between The Irvine Company ("Developer") and Standard Pacific of Orange County ("Developer's Transferee") with respect to the following facts: RECITALS 1. Developer and the San Joaquin Hills Transportation Corridor Agency entered into a certain Agreement for Grant of Fee Credits on the 10th day of May, 1995 (the "Fee Credit Agreement"). 2. The Fee Credit Agreement allows for transfer of Developer's Available Fee Credits (as defined therein) to a successor -in -interest subject to certain terms and conditions. 3. Developer's Transferee is the successor -in -interest to the real property within the boundaries of the Area of Benefit (as that term is defined in the Fee Credit Agreement), which real property is more particularly described as Lots 19-29 and 53-55 in Tract 15011 in the City of Newport Beach, County of Orange, California. 4. Developer desires to transfer a portion of Developer's Available Fee Credits to Developer's Transferee. 5. The Fee Credit Agreement requires Developer's Transferee to acknowledge and accept the terms and obligations contained in the Fee Credit Agreement. NOW, THEREFORE, in consideration of the above, the parties hereto agree as follows: AGREEMENT A. Developer's Transferee acknowledges all terms, conditions and obligations of the Fee Credit Agreement insofar as such Fee Credit Agreement applies to the Fee Credits transferred hereunder. B. Developer hereby transfers to Developer's Transferee Thirty Three Thousand, Nine Hundred Sixty Four Dollars ($33,964) of Developer's Available Fee Credits for use on development within the above described real property. above written. IN WITNESS WHEREOF, the parties have executed the Agreement as of the day and year first Developer: THE IRVINE COMPANY, a Michigan corporation BY-� Bemar . Manl6calco Title: President, Coastal Community Builders, a division of The Irvine Company By: Patricia B. Casassa Title: Assistant Secretary o THE IRVINE COMPANY PA, 36 November 18, 1996 Ms. Genia Garcia Associate Planner City of Newport Beach 3300 Newport Boulevard Newport Beach, Ca. 92663 Subject: Utilization of SJHTC Fee Credits for Standard Pacific of Orange County This letter is to formally request that Standard Pacific of Orange County be allowed to utilize San Joaquin Hills Transportation Corridor fee credits in the amount of $7,278 for 3 units to be built on Tract 15243, Lots 23, 36 and 37 at Newport North. Based on executed San Joaquin Hills Transportation Corridor Fee Credit and Reimbursement Agreements between the Transportation Corridor Agency (TCA) and The Irvine Company, the TCA has granted The Irvine Company $17,376,219 in available fee credits in exchange for dedication of Company land to the TCA for construction of the Foothill/Eastern Transportation Corridor. After application to the fee credits requested per this letter, a total of $11,605,257 in fee credits will remain as summarized below. Credit Agreement Total Credits Credits Utilized Balance SJHTC Segment 2 $ 5,215,984 $1,066,993 $ 4,148,991 (Laguna -Laurel) MacArthur/University Ave. 385,956 384,629 1,327 ROW -Newport Coast Drive 9,600,808 4,319,340 5,281,468 (as amended) ROW -Ford Road 600,128 -0- 600,128 Habitat Area 1,573,343 -0- 1.573,343 TOTAL $17.376.219 $5.770.962 $11.605.257 Attached are 1 original and 1 copy of an executed agreement for transfer of interest in fee credits. Should you have any questions, please call me at 720-2558 or Kathy Besnard, Manager, Administrative Services for the Transportation Corridor Agency at 436-9800. (Sincerely, , Cynthia Daily Land Development Finance cc: Kathy Besnard, Transportation Corridor Agency Standard Pacific of Orange County 550 Newport Center Drive, P.O. Box 6370, Newport Beach, California 92658-6370 • (714) 720-2000 TRANSFER OF INTEREST IN FEE CREDITS This Agreement is made and entered into this 18th day of November 1996 by and between The Irvine Company ("Developer") and Standard Pacific of Orange County ("Developer's Transferee") with respect to the following facts: RECITALS 1. Developer and the San Joaquin Hills Transportation Corridor Agency entered into a certain Agreement for Grant of Fee Credits on the 10th day of May, 1995 (the "Fee Credit Agreement"). 2. The Fee Credit Agreement allows for transfer of Developer's Available Fee Credits (as defined therein) to a successor -in -interest subject to certain terms and conditions. 3. Developer's Transferee is the successor -in -interest to the real property within the boundaries of the Area of Benefit (as that term is defined in the Fee Credit Agreement), which real property is more particularly described as Lots 23, 36 and 37 in Tract 15243 in the City of Newport Beach, County of Orange, California. 4. Developer desires to transfer a portion of Developer's Available Fee Credits to Developer's Transferee. 5. The Fee Credit Agreement requires Developer's Transferee to acknowledge and accept the terms and obligations contained in the Fee Credit Agreement. NOW, THEREFORE, in consideration of the above, the parties hereto agree as follows: AGREEMENT A. Developer's Transferee acknowledges all terms, conditions and obligations of the Fee Credit Agreement insofar as such Fee Credit Agreement applies to the Fee Credits transferred hereunder. B. Developer hereby transfers to Developer's Transferee Seven Thousand, Two Hundred Seventy Eight Dollars ($7,278) of Developer's Available Fee Credits for use on development within the above described real property. above written. IN WITNESS WHEREOF, the parties have executed the Agreement as of the day and year first , Developer: THE IRVINE COMPANY, a Michigan corporation By.. d �scalco Title: Coastal Community Builders, a division of The Irvine Company By: Patricia B. Casassa Title: Assistant Secretary William Woollett, Jr. Chief Executive Officer San Joaquin Hills Foothill/Eastern CorddorAgency CorridorAgency Chairman: Chairman: Patricia Bates Scott Diehl Laguna Niguel San Clemente October 23, 1996 Genia Garcia Associate Planner ii TRANSPORTATION CORRIDOR AGENCIES City of Newport Beach 3300 Newport Blvd. Newport Beach, CA 92663 Re: Standard Pacific Homes Utilization of SJHTC Fee Credits SJHTCA Transfer No. SJH-77 Walter D. Kreut[en Executive Vice Resident Finance & Administration Gregory G. Henk Executive Vice President Design & Construction Pursuant to the request from The Irvine Company, the SJHTCA will release fee credits in the amount of $21,834 for 9 units to be built on Tract 15243, Lots 38 - 46 at Newport North. Please have The Irvine Company complete the, Transfer of Interest in Fee Credits form to keep in your files. This Agreement assures the City, Agency and Company -that there is no unauthorized use of fee credits. The Agency does ask that you indicate the amount, date and for which tract and number of units for which fee credits have been relinquished as part of your quarterly submittal of fees. Sincerely, k e� Kathy Besnard Manager, Administrative Services cc: Cindy Daily, The Irvine Company Maria Fazio, TCA Gil Scofield, County of Orange Standard Pacific 201E SANDPOINTEAVE., SUITE 200, P.O. BOX 28870, SANTA ANA, CA 92799.8870 7141436-9800 FAX 7141436-984B Members: Anaheim • Costa Mesa . County of Orange • Dana Point • Irvine • Lake Forest • Laguna Hills • Laguna Niguel . Mission Viejo • Orange • Newport Beach • Santa Ana • San Clemente • San Juan Capistrano • Tustin • Yorba Linda 30 THE IRVINE COMPANY October 2, 1996 Ms. Genia Garcia Associate Planner City of Newport Beach 3300 Newport Boulevard Newport Beach, Ca. 92663 Subject: Utilization of SJHTC Fee Credits for Standard Pacific of Orange County This letter is to formally request that Standard Pacific of Orange County be allowed to utilize San Joaquin Hills Transportation Corridor fee credits in the amount of $48,520 for 20 units to be built on Tract 15011, Lots 9-18 & 43-52 at Newport North. Based on executed San Joaquin Hills Transportation Corridor Fee Credit and Reimbursement Agreements between the Transportation Corridor Agency (TCA) and The Irvine Company, the TCA has granted The Irvine Company $17,376,219 in available fee credits in exchange for dedication of Company land to the TCA for construction of the Foothill/Eastern Transportation Corridor. After application to the fee credits requested per this letter, a total of $12,163,347 in fee credits will remain as summarized below. Credit Aoreement Total Credits Credits Utilized Balance SJHTC Segment 2 $ 5,215,984 $1,066,993 $ 4,148,991 (Laguna -Laurel) MacArthur/University Ave. 385,956 384,629 1,327 ROW -Newport Coast Drive 9,600,808 3,761,250 5,839,558 (as amended) ROW -Ford Road 600,128 -0- 600,128 Habitat Area 1,573,343 -0- 1.573,343 TOTAL $17.376.219 $5.212.872 $12.163.347 Attached are 1 original and 1 copy of an executed agreement for transfer of interest in fee credits. Should you have any questions, please call me at 720-2558 or Kathy Besnard, Manager, Administrative Services for the Transportation Corridor Agency at 436-9800. t Lt zivru dv PLANNING DEPARTMENT Sincerely, CITY OF NEWPORT BEACH C Cynthia Daily V Land Development Finance cc: Kathy Besnard, Transportation Corridor Agency Standard Pacific of Orange County CCT 211996 7 i819110ill1121IA81415i6 n 550 Newport Center Drive, P.O. Box 6370, Newport Beach, California 92658.6370 • (714) 720.2000 TRANSFER OF INTEREST IN FEE CREDITS This Agreement is made and entered into this 2nd day of October 1996 by and between The Irvine Company ("Developer") and Standard Pacific of Orange County ("Developer's Transferee") with respect to the following facts: RECITALS 1. , Developer and the San Joaquin Hills Transportation Corridor Agency entered into a certain Agreement for Grant of Fee Credits on the 10th day of May, 1995 (the "Fee Credit Agreement"). 2. The Fee Credit Agreement allows for transfer of Developer's Available Fee Credits (as defined therein) to a successor -in -interest subject to certain terms and conditions. 3. Developer's Transferee is the successor -in -interest to the real property within the boundaries of the Area of Benefit (as that term is defined in the Fee Credit Agreement), which real property is more particularly described as Lots 9-18 & 43-52 in Tract 15011 at Newport North. 4. Developer desires to transfer a portion of Developer's Available Fee Credits to Developer's Transferee. 5. The Fee Credit Agreement requires Developer's Transferee to acknowledge and accept the terms and obligations contained in the Fee Credit Agreement. NOW, THEREFORE, in consideration of the above, the parties hereto agree as follows: AGREEMENT A. Developer's Transferee acknowledges all terms, conditions and obligations of the Fee Credit Agreement insofar as such Fee Credit Agreement applies to the Fee Credits transferred hereunder. B. Developer hereby transfers to Developer's Transferee Forty -Eight Thousand, Five Hundred Twenty Dollars ($48,520) of Developer's Available Fee Credits for use on development within the above described real property. above written. IN WITNESS WHEREOF, the parties have executed the Agreement as of the day and year first Developer: THE IRVINE COMPANY, a Michigan corporation By: Berna d A. Maniscalco Title: President, Coastal Community Builders a division of The Irvine Company By:Tf Ln2Q;rA- Patricia B. Casassa Title: Assistant Secretary y THE IRVINE COMPANY October 21,1996 Ms. Genia Garcia Associate Planner City of Newport Beach 3300 Newport Boulevard Newport Beach, Ca. 92663 416ds Subject: Utilization of SJHTC Fee Credits for Standard Pacific of Orange County This letter is to formally request that Standard Pacific of Orange County be allowed to utilize San Joaquin Hills Transportation Corridor fee credits in the amount of $21,834 for 9 units to be built on Tract 15243, Lots 38-46 at Newport North. Based on executed San Joaquin Hills Transportation Corridor Fee Credit and Reimbursement Agreements between the Transportation Corridor Agency (TCA) and The Irvine Company, the TCA has granted The Irvine Company $17,376,219 in available fee credits in exchange for dedication of Company land to the TCA for construction of the Foothill/Eastern Transportation Corridor. After application to the fee credits requested per this letter, a total of $12,085,119 in fee credits will remain as summarized below. Credit Agreement Total Credits Credits Utilized Balance SJHTC Segment 2 $ 5,215,984 $1,066,993 $ 4,148,991 (Laguna -Laurel) MacArthur/University Ave. 385,956 384,629 1,327 ROW -Newport Coast Drive 9,600,808 3,839,478 5,761,330 (as amended) ROW -Ford Road 600,128 -0- 600,128 Habitat Area 1,573.343 -0- 1.573,343 TOTAL $17.376.219 $5.291100 $12.085.119 Attached are 1 original and 1 copy of an executed agreement for transfer of interest in fee credits. Should you have any questions, please call me at 720-2558 or Kathy Besnard, Manager, Administrative Services for the Transportation Corridor Agency at 436-9800. Sincerely, Cynthia Dai�ly� Land Development Finance cc: Kathy Besnard, Transportation Corridor Agency Standard Pacific of Orange County 550 Newport Center Drive, P.O. Box 6370, Newport Beach, California 92658-6370 • (714) 720-2000 TRANSFER OF INTEREST IN FEE CREDITS This Agreement is made and entered into this 21st day of October 1996 by and between The Irvine Company ("Developer") and Standard Pacific of Orange County ("Developer's Transferee") with respect to the following facts: RECITALS 1. Developer and the San Joaquin Hills Transportation Corridor Agency entered into a certain Agreement for Grant of Fee Credits on the 10th day of May, 1995 (the "Fee Credit Agreement"). 2. The Fee Credit Agreement allows for transfer of Developer's Available Fee Credits (as defined therein) to a successor -in -interest subject to certain terms and conditions. 3. Developer's Transferee is the successor -in -interest to the real property within the boundaries of the Area of Benefit (as that term is defined in the Fee Credit Agreement), which real property is more particularly described as Lots 38-46 in Tract 15243 in City of Newport Beach, County of Orange, California. 4. Developer desires to transfer a portion of Developer's Available Fee Credits to Developer's Transferee. 5. The Fee Credit Agreement requires Developer's Transferee to acknowledge and accept the terms and obligations contained in the Fee Credit Agreement. NOW, THEREFORE, in consideration of the above, the parties hereto agree as follows: AGREEMENT A. Developer's Transferee acknowledges all terms, conditions and obligations of the Fee Credit Agreement insofar as such Fee Credit Agreement applies to the Fee Credits transferred hereunder. B. Developer hereby transfers to Developer's Transferee Twenty One Thousand, Eight Hundred Thirty Four Dollars ($21,834) of Developer's Available Fee Credits for use on development within the above described real property. above written. IN WITNESS WHEREOF, the parties have executed the Agreement as of the day and year first Developer: THE IRVINE COMPANY, a Michigan corporation By: ep . Davis Title: President, Irvine Community Builders, a division of The Irvine Company By: Patricia B. Casassa Title: Assistant Secretary 0 THE IRVINE COMPANY September 25, 1996 Ms. Genia Garcia Associate Planner City of Newport Beach 3300 Newport Boulevard Newport Beach, Ca. 92663 Subject: Utilization of SJHTC Fee Credits for Standard Pacific of Orange County Yn�aua�ae�� Qf� 3 P64 1135s1� This letter is to formally request that Standard Pacific of Orange County be allowed to utilize San Joaquin ills Transportation Corridor fee credits in the amount of $47,260 for 20 units to be built on Tract 15011, 01-1 Lots 9-18 & 43-52 at Newport North. Based on executed San Joaquin Hills Transportation Corridor Fee Credit and Reimbursement Agreements between the Transportation Corridor Agency (TCA) and The Irvine Company, the TCA has granted The Irvine Company $17,376,219 in available fee credits in exchange for dedication of Company land to the TCA for construction of the Foothill/Eastern Transportation Corridor. After application to the fee credits requested per this letter, a total of $12,164,607 in fee credits will remain as summarized below. Credit Agreement Total Credits Credits Utilized Balance SJHTC Segment 2 $ 5,215,984 $1,066,993 $ 4,148,991 (Laguna -Laurel) MacArthur/University Ave. 385,956 384,629 1,327 ROW -Newport Coast Drive 9,600,808 3,759,990 5,840,818 (as amended) ROW -Ford Road 600,128 -0- 600,128 Habitat Area 1,573,343 -0- 1,573,343 TOTAL $17 376.219 $ 5.211.612 $12.164.607 Attached are 1 original and 1 copy of an executed agreement for transfer of interest in fee credits. Should you have any questions, please call me at 720-2558 or Kathy Besnard, Manager, Administrative Services for the Transportation Corridor Agency at 436-9800. ,Sincerely, Cynthia CyaOnthia Daily Land Development Finance cc: Kathy Besnard, Transportation Corridor Agency Standard Pacific of Orange County 550 Newport Center Drive, P.O. Box 6370, Newport Beach, California 92658-6370 • (714) 720-2000 TRANSFER OF INTEREST IN FEE CREDITS This Agreement is made and entered into this 27th day of August 1996 by and between The Irvine Company ("Developer") and Standard Pacific of Orange County ("Developer's Transferee") with respect to the following facts: RECITALS 1. Developer and the San Joaquin Hills Transportation Corridor Agency entered into a certain Agreement for Grant of Fee Credits on the 10th day of May, 1995 (the "Fee Credit Agreement"). 2. The Fee Credit Agreement allows for transfer of Developer's Available Fee Credits (as defined therein) to a successor -in -interest subject to certain terms and conditions. 3. Developer's Transferee is the successor -in -interest to the real property within the boundaries of the Area of Benefit (as that term is defined in the Fee Credit Agreement), which real property is more particularly described as Lots 9-18 & 43-52 in Tract 15011 at Newport North. 4. Developer desires to transfer a portion of Developer's Available Fee Credits to Developer's Transferee. 5. The Fee Credit Agreement requires Developer's Transferee to acknowledge and accept the terms and obligations contained in the Fee Credit Agreement. NOW, THEREFORE, in consideration of the above, the parties hereto agree as follows: AGREEMENT A. Developer's Transferee acknowledges all terms, conditions and obligations of the Fee Credit Agreement insofar as such Fee Credit Agreement applies to the Fee Credits transferred hereunder. B. Developer hereby transfers to Developer's Transferee Forty -Seven Thousand, Two Hundred Sixty Dollars ($47,260) of Developer's Available Fee Credits for use on development within the above described real property. above written. IN WITNESS WHEREOF, the parties have executed the Agreement as of the day and year first Developer: THE IRVINE COMPANY, a Michigan corporation By: Bern rd . Me Vcalco Title: President, Coastal Community Builders a division of The Irvine Company By: Patricia B. Casassa Title: Assistant Secretary yr THE IRVINE COMPANY April 9, 1996 Ms. Genia Garcia Associate Planner City of Newport Beach 3300 Newport Boulevard Newport Beach, CA 92663 Subject: Utilization of SJHTC Fee Credits - Standard Pacific of Orange County This letter is to formally request that Standard Pacific of Orange County be allowed to utilize San Joaquin Hills Transportation Corridor fee credits in the amount of $61,438 for 26 units to be built on Tract 15222, Lots 3-28 at Newport North. Based on executed San Joaquin Hills Transportation Corridor Fee Credit and Reimbursement Agreements between the Transportation Corridor Agency (TCA) and The Irvine Company, the TCA has granted The Irvine Company $17,762,175 in available fee credits in exchange for dedication of Company land to the TCA for construction of the San Joaquin Hills Transportation Corridor. After application to the fee credits requested per this letter, a total of 13,567,809 in fee credits will remain as summarized below. Credit Agreement Total Credits Credits Utilized Balance SJHTC Seg. 2 (Laguna -Laurel) $5,215,984 $1,066,993 $4,148,991 MacArthur/University Ave. $385,956 384,629 $1,327 ROW - Newport Coast Drive $9,986,764 $2,742,744 $7,244,020 ROW - Ford Road $600,128 -0- $600,128 Habitat Area $1.573.343 0- I1.573.343 TOTAL $17,762,175 $4,194,366 $13,567,809 Attached are 1 original and 1 copy of an executed agreement for transfer of interest in fee credits. Should you have any questions, please call me at 720-2558 or Kathy Besnard, Manager, Administrative Services for the Transportation Corridor Agency at 436-9800. Sincerely, Michael . Goode Senior Director cc: Kathy Besnard, Transportation Corridor Agency Standard Pacific of Orange County 8l118.sp:419196550 Newport Center Drive, P.O. Box 6370, Newport Beach, California 92658-6370 • (714) 720-2000 TRANSFER OF INTEREST IN FEE CREDITS This Agreement for Transfer of Interest in Fee Credits is made this 9th day of April 1996 by The Irvine Company ("Developer") to Standard Pacific Of Orange County ("Developer's Transferee") with respect to the following facts: RECITALS 1. Developer and the San Joaquin Hills Transportation Corridor Agency entered into a certain Fee Credit and Reimbursement Agreement on the 13th day of June, 1991 (the "Fee Credit Agreement"). 2. The Fee Credit Agreement allows for transfer of Developer's Available Fee Credits (as defined therein) to a successor -in -interest subject to certain terms and conditions. 3. Developer's Transferee is the successor -in -interest to the real property within the boundaries of the Area of Benefit (as that term is defined in the Fee Credit Agreement), which real property is more particularly described as Tract 15222, Lots 3-28 in the city of Newport Beach, in the County of Orange, California. 4. Developer desires to transfer a portion of Developer's Available Fee Credits to Developer's Transferee. 5. Developer's transfer hereunder in no way limits or otherwise affects Developer's obligations under the Fee Credit Agreement which obligations are in no way assumed or transferred to Developer's Transferee. NOW, THEREFORE, in consideration of the above, the parties hereto agree as follows: AGREEMENT Developer hereby transfers to Developer's Transferee Sixty One Thousand, Four Hundred Thirty - Eight Dollars ($61,438) of Developer's Available Fee Credits for use on development within the above described real property, which Available Fee Credits may be applied by Transferee against "Development Fees" (as defined in the Fee Credit Agreement) in accordance with the terms and conditions set forth in the Fee Credit Agreement. IN WITNESS WHEREOF, the parties have executed the Agreement as of the day and year first above written. Developer: THE IRVINE COMPANY, a Michigan corporation By: Keith Greer Title: President, Irvine Community Builders a division of The Irvine Company By:InC2 Q a - Patricia B. Casassa Title: Assistant Secretary sj_agreesp.:4/9/96 a r ` W111fom Woollett, Jr. Chlef Executive Officer San Joaquin Hills Foothifi/Eostern Walter D. Kreutzen CorridorAgency ConidorAgency Executive Vice President Finance & Administration Chairman: Chairman: Potriclo Bates Scott Dlehl Gregory G. Henk Laguna Niguel Son Clemente TRANSPORTATION CORRIDOR AGENCIES Executive Vice President June 18, 1996 CORRECTIONTsl L>Construction SENT 6113/96 Kevin Murphy City of Newport Beach 3300 NewportBlvd. Newport Beach, CA 92663-3884 Re: Increases in Development Impact Fees I)ear Mr. Murphy: The Boards of Directors have approved the following fee schedule for the Major Thoroughfare and Bridgc':'cc Program as follows: S.IHTCA Fee Schedule I ZONES Single Multi Family Non-residential Family i Residential (per sq. foot) Residential (per unit) , (per unit) 7o eA $3,133 $1,824 $11.20 Zo B $2B $2,426 $1,416 $3.11 PlLTCA Fee Schedule 76NES Single Multi Family Non-residential Family Residential (per sq. foot) Residential (per unit) (per unit) _ Zone A $3,594 $2,098 $4.99 _ Zone B $2,556 $1,487 $2.90 The fee structure will be effective as of July, 1996. If you have any questions, please call Kathy Besnard at (714) 513-34032, Sincerely, � �f William Woollett, JY Chief Executive Officer cc: Kathy Besnard 201 E. SANDPOINTE AVE., SUITE 200, P.O. BOX 28870, SANTA ANA, CA 92799-8870 7141436-9800 FAX 714/436-91348 Members: Anaheim • Costa Mesa • County of Orange • Dana Point • Irvine • Lake Forest • Laguna Hills • Laguna Niguel Mission Viejo • Orange • Newport Beach • Santa Ana • Son Clemente • Son Juan Capistrano • Tushn • Yorba Linda ' . f S96-07 RESOLUTION OF THE SAN JOAQUIN HILLS TRANSPORTATION CORRIDOR AGENCY APPROVING AN ANNUAL ADJUSTMENT IN THE AREA OF BENEFIT FEES AND MAKING CERTAIN FINDINGS RELATING TO ANNUAL ADJUSTMENT OF THE AREA OF BENEFIT FEES On motion of Director Richardson , the following Resolution was adopted: WHEREAS, the member public agencies (the "Members") of the San Joaquin Hills Transportation Corridor Agency (the "Agency") have been authorized, pursuant to section 66484.3 of the Government Code of the State of California (the "Act") to require by ordinance the payment of a fee (the "Development Fee") as a condition of approval of a final map or as a condition of issuing a building permit, for the purpose of deferring the actual estimated cost of constructing bridges over waterways, railways, freeways and canyons or constructing major thoroughfares; and WHEREAS, pursuant to the Major Thoroughfare and Bridge Fee Program for San Joaquin Hills Transportation Corridor and Foothill/Eastern Transportation Corridors (the "Fee Program"), attached as Exhibit A to the First Amended and Restated Joint Exercise of Powers Agreement Creating the San Joaquin Hills Transportation Corridor Agency, dated October 21, 1988 (the "JPA"), and the ordinances and resolutions necessary to implement the Fee Program by Members, the Development Fee has been levied; and WHEREAS, pursuant to Section XII of the Fee Program, the Development Fees are automatically adjusted annually in accordance with Government Code Section 66484.3 to reflect increases in construction costs; and WHEREAS, this Board desires to increase the Development Fee to reflect increases in construction costs, as reflected in the bond financing documents for the San Joaquin Hills Transportation Corridor ("Bond Financing Documents"); and NOW, THEREFORE, be it resolved, determined and ordered by the Board of Directors of the San Joaquin Hills Transportation Corridor Agency as follows: 00961490009 Section 1. The increase of the Development Fee and the adjustment in the credit rate for right-of-way credit and supplemental credits in accordance with the schedule attached hereto as Exhibit A, and in conformity with the Bond Financing Documents dated March 4, 1993, is hereby approved and ordered. The schedule of fees with regard to the San Joaquin Hills Transportation Corridor Agency on Page 21 of the Fee Program and the credit rate for right-of-way credits and supplemental credits on pages 26 of the Fee Program are hereby revised in accordance with Exhibit A hereto. Section 2. The purpose of the increase in the Development Fees is to reflect cost increases in connection with the construction of bridges over waterways, railways, freeways and canyons or constructing major thoroughfares in Orange County, as more fully described in the Fee Program. Section 3. The Development Fees are to be used pursuant to the provisions of the Fee Program as revised on January 1991. Section 4. The Agency hereby determines that there is a fair and reasonable relationship between the use of the Development Fees and the type of development projects on which the Development Fees are imposed. This determination is based' on the findings and determinations in the Fee Program and the findings and determinations in Resolution No. S91-01 adopted by the Board of Directors on January 10, 1991. The findings and determinations in Resolution No. S91-01 are incorporated herein by reference. Section 5. The Agency hereby determines that there is a fair and reasonable relationship between the need for the public facilities to be constructed with the proceeds of the Development Fees and the type of development project on which the Development Fees are imposed. This determination is based on the findings and determinations contained in the Fee Program and the findings and determinations in Resolution No. 591- 01. Section 6. The Agency hereby determines that there is a fair and reasonable relationship between the amount of Development Fees and the total estimated cost of the San Joaquin Hills Transportation Corridor. This determination is based upon the findings and determinations of the Fee Program and the findings and determinations in Resolution No. 591-01. 00961490009 Section 7. This Resolution shall become effective immediately upon adoption. Chairman �— San Joaquin Hills Transportation Corridor Agency ATTEST: Asst. Secr y San Joaquin Hills Transportation Corridor Agency I, Kathy Besnard, Assistant Secretary of the San Joaquin Hills Transportation Corridor Agency, hereby certify that the foregoing Resolution No. S95-09 was adopted on June 13, 1996, by the Board of Directors of the San Joaquin Hills Transportation Corridor Agency by the following vote: Ayes: Bates, Buffa, Campbell, Diehl, Lautenschleger, O'Neil, Ossenmacher Richardson, Saltarelli Noes: None Absent: Bergeson, Lowe, Ward Abstain: None Assistant Sec. San Joaquin ills Transportation Corridor Agency W961490009 EXHIBIT A DEVELOPMENT FEE SCHEDULE RIGHT OF WAY CREDIT RATE P- .r,. , T Zones Single Multi Non - Family Family Residential Residential Residential (per sq. (per unit) (per unit) foot) Zone A $3,133 $1,824 $4.20 Zone B 1$2,426 1$1,416 1$3.11 The per acre credit rate for "Creditable Acreage" (per acre for dedicated right of way, except for slope easements and a 120-foot-wide strip along the centerline of the transportation corridor which would normally be required for arterial highway dedication) are adjusted by the fee increase rate. The total credit of both available fee credits and supplemental fee credits remains at $75,000 per Creditable Acre. The fee credit rates are: Fee Credit Rate $61,981 Supplemental Fee Credit Rate $13,019 OC\96I490009 F96-05 RESOLUTION OF THE FOOTHILL/EASTERN TRANSPORTATION CORRIDOR AGENCY APPROVING AN ANNUAL ADJUSTMENT IN THE AREA OF BENEFIT FEES AND MAKING CERTAIN FINDINGS RELATING TO ANNUAL ADJUSTMENT OF THE AREA OF BENEFIT FEES On motion of Director Richardson the following Resolution was adopted: WHEREAS, the member public agencies (the "Members") of the Foothill/Eastern Transportation Corridor Agency (the "Agency") have been authorized, pursuant to section 66484.3 of the Government Code of the State of California (the "Act") to require by ordinance the payment of a fee (the "Development Fee") as a condition of approval of a final map or as a condition of issuing a building permit, for the purpose of deferring the actual estimated cost of constructing bridges over waterways, railways, freeways and canyons or constructing major thoroughfares; and WHEREAS, pursuant to the Major Thoroughfare and Bridge Fee Program for Foothill/Eastern Transportation Corridor and Foothill/Eastern Transportation Corridors (the "Fee Program"), attached as Exhibit A to the First Amended and Restated Joint Exercise of Powers Agreement Creating the Foothill/Eastern Transportation Corridor Agency, dated October 21, 1988 (the "JPA"), and the ordinances and resolutions necessary to implement the Fee Program by Members, the Development Fee has been levied; and WHEREAS, pursuant to Section XII of the Fee Program, the Development Fees are automatically adjusted annually in accordance with Government Code Section 66484.3 to reflect increases in construction costs; and WHEREAS, this Board desires to increase the Development Fee to reflect increases in construction costs, as reflected in the bond financing documents for the Foothill/Eastern Transportation Corridor ("Bond Financing Documents"); and NOW, THEREFORE, be it resolved, determined and ordered by the Board of Directors of the Foothill/Eastern Transportation Corridor Agency as follows: OCV6149M Section . The increase of the Development Fee and the adjustment in the credit rate for right-of-way credit and supplemental credits in accordance with the schedule attached hereto as Exhibit A, and in conformity with the Bond Financing Documents dated June 1, 1995, is hereby approved and ordered. The schedule of fees with regard to the Foothill/Eastern Transportation Corridor Agency on Page 24 of the Fee Program and the credit rate for right-of-way credits and supplemental credits on pages 26 of the Fee Program are hereby revised in accordance with Exhibit A hereto. Section 2. The purpose of the increase in the Development Fees is to reflect cost increases in connection with the construction of bridges over waterways, railways, freeways and canyons or constructing major thoroughfares in Orange County, as more fully described in the Fee Program. Section 3. 'The Development Fees are to be used pursuant to the provisions of the Fee Program as revised on January 1991. Section 4. The Agency hereby determines that there is a fair and reasonable relationship between the use of the Development Fees and the type of development projects on which the Development Fees are imposed. This determination is based on the findings and determinations in the Fee Program and the findings and determinations in Resolution No. F91-01 adopted by the Board of Directors on January 10, 1991. The findings and determinations in Resolution No. F91-01 are incorporated herein by reference. Section 5. The Agency hereby determines that there is a fair and reasonable relationship between the need for the public facilities to be constructed with the proceeds of the Development Fees and the type of development project on which the Development Fees are imposed. This determination is based on the findings and determinations contained in the Fee Program and the findings and determinations in Resolution No. F91- 01. Section 6. The Agency hereby determines that there is a fair and reasonable relationship between the amount of Development Fees and the total estimated cost of the Foothill/Eastern Transportation Corridor. This determination is based upon the findings and determinations of the Fee Program and the findings and determinations in Resolution No. F91-01. 00%1490009 Section 7. This Resolution shall become effective immediately upon adoption. ' d4zwj Chairman Foothill/Eastern Transportation Corridor Agency ATTEST: Asst. Secretary (/ Foothill/Eastern Transportation Corridor Agency I, Kathy Besnard, Assistant Secretary of the Foothill/Eastem Transportation Corridor Agency, hereby certify that the foregoing Resolution No. F96-05 was adopted on June 13, 1996, by the Board of Directors of the Foothill/Eastern Transportation Corridor Agency by the following vote: Campbell, Slater, Diehl, Kaufman, Richardson, Steiner, Ayes: Saltarelli, Wilson, Wisner, Zemel Noes: None Absent: Bergeson, Coontz, Potts, Ward, Withrow Abstain: None Assistant Sec tary Foothill/Eastern Transportation Corridor Agency 00961490009 EXHIBIT A DEVELOPMENT FEE SCHEDULE RIGHT OF WAY CREDIT RATE Zones Single Multi Non - Family Family Residential Residential Residential (per sq. (per unit) (per unit) foot) Zone $3,594 $2,098 $4.99 A Zone B 1 $2,556 $1,487 $2.90 .m Thp per acre credit rate for "Creditable Acreage" (per acre for dedicated right of way, except for slope easements and a 120-foot-wide strip along the centerline of the transportation corridor which would normally be required for arterial highway dedication) are adjusted by the fee credit rate. The total credit of both available fee credits and supplemental fee credits remains at $75,000 peF Creditable Acre. The credit rates are: Fee Credit Rate $57,004 Supplemental Fee Credit Rate $17,996 00961490009 San Joaquin Hills Foothlli/Eastern CorrldorAgency Corrldor Agency Chairman: Chairman: Patricia Bates Scott Diehl Laguna Niguel San Clemente Genia Garcia Associate Planner William Woollett, Jr. Chief Executive Officer Walter D. Kreutzen Executive Woe President Hnance & Administration Gregory G. Henk TRANSPORTATION CORRIDOR AGENCIES Executive Vice President Design & Construction Apri123, 1996 REGMVE0 dY PLANNING DEPARTMENT CITY OF NEWPORT BEACH City of Newport Beach 3300 Newport Blvd. Newport Beach, CA 92663 Re: Standard Pacific Utilization of SJHTC Fee Credits SJHTCA Transfer No. SJH-59 AN APR 2 6.1996 8�9��111211�2�314�Si6 Pursuant to the request from The Irvine Company, the SJHTCA will release fee credits in the amount of $61,438 for 26 units to be built on Tract 15222, Lots 3 - 28 at Newport Coast. Please have The Irvine Company complete the Transfer of Interest in Fee Credits form to keep in your files.. This Agreement assures both the City, Agency and Company that there is no unauthorized use of fee credits. The Agency does ask that you indicate the amount, date and for which tract and number of units for which fee credits have been relinquished as part of your quarterly submittal of fees. Sincerely, Kathy Besnard Manager, Administrative Services cc: Cindy Daily, The Irvine Company Maria Fazio, TCA Gil Scofield, County of Orange 201 E. SANOPOINTE AVE., SUITE 200, P.O. BOX 28870, SANTA ANA, CA 92799-BB70 7141436-9800 FAX 714/436-9848 Members: Anaheim • Costa Mesa • County of Orange • Dana Point . Irvine • Lake Forest • Laguna HMIs • Laguna Niguel Mission Viejo . Orange • Newport Beach • Santa Ana • San Clemente • San Juan Capistrano • Tustin . Yorba Undo 0 r CKWF P. June 26, 1996 Ms. Genia Garcia Associate Planner City of Newport Beach 3300 Newport Boulevard Newport Beach, CA 92663 0 01 THE IRVINE COMPANY Subject: Utilization of SJHTC Fee Credits - Standard Pacific of Orange County This letter is to formally request that Standard Pacific of Orange County be allowed to utilize San Joaquin Hills Transportation Corridor fee credits in the amount of $49,623 for 21 units to be built on Tract 15011, Lots 1-8 & 30-42 at Newport North. Based on executed San Joaquin Hills Transportation Corridor Fee Credit and Reimbursement Agreements between the Transportation Corridor Agency (TCA) and The Irvine Company, the TCA has granted The Irvine Company $17,762,175 in available fee credits in exchange for dedication of Company land to the TCA for construction of the San Joaquin Hills Transportation Corridor. After application to the fee credits requested per this letter, a total of $12,976,261 in fee credits will remain as summarized below. Credit Agreement Total Credits Credits Utilized Balance SJHTC Seg. 2 (Laguna -Laurel) $5,215,984 $1,066,993 $4,148,991 MacArthur/University Ave. 385,956 384,629 1,327 ROW - Newport Coast Drive 9,986,764 3,334,292 6,652,472 (as amended) ROW - Ford Road 600,128 -0- 600,128 Habitat Area 1.573.343 1.573.343 TOTAL $17,762,175 $4,785,914 $12,976,261 Attached are 1 original and 1 copy of an executed agreement for transfer of interest in fee credits. Should you have any questions, please call me at 720-2558 or Kathy Besnard, Manager, Administrative Services for the Transportation Corridor Agency at 436-9800. Sincerely, Qmk'� Cynthia Daily Land Development Finance cc: Kathy Besnard, Transportation Corridor Agency Standard Pacific of Orange County Si NB.:6125196 550 Newport Center Drive, P.O. Box 6370, Newport Beach, California 92658.6370 • (714) 720-2000 TRANSFER OF INTEREST IN FEE CREDITS This Agreement is made and entered into this 26th day of June, 1996 by and between The Irvine Company ("Developer") and Standard Pacific Of Orange County ("Developer's Transferee") with respect to the following facts: RECITALS 1. Developer and the San Joaquin Hills Transportation Corridor Agency entered into a certain Agreement for Grant of Fee Credits on the 10th day of May, 1995 (the "Fee Credit Agreement"). 2. The Fee Credit Agreement allows for transfer of Developer's Available Fee Credits (as defined therein) to a successor -in -interest subject to certain terms and conditions. 3. Developer's Transferee is the successor -in -interest to the real property within the boundaries of the Area of Benefit (as that term is defined in the Fee Credit Agreement), which real property is more particularly described as Lots 1-8 & 30-42 of Tract 15011 in the City of Newport Beach, County of Orange, California. 4. Developer desires to transfer a portion of Developer's Available Fee Credits to Developer's Transferee. 5. The Fee Credit Agreement requires Developer's Transferee to acknowledge and accept the terms and obligations contained in the Fee Credit Agreement. NOW, THEREFORE, in consideration of the above, the parties hereto agree as follows: AGREEMENT A. Developer's Transferee acknowledges all terms, conditions and obligations of the Fee Credit Agreement insofar as such Fee Credit Agreement applies to the Fee Credits transferred hereunder. B. Developer hereby transfers to Developer's Transferee Forty -Nine thousand, Six Hundred Twenty -Three ($49,623) of Developer's Available Fee Credits for use on development within the above described real property. IN WITNESS WHEREOF, the parties have executed the Agreement as of the day and year first above written. Developer: THE IRVINE COMPANY, a Michigan corporation By: Thomas Sakai Title: Sr. Vice President, Land Dev. Company a division of The Irvine Company By. gr2w�a P. B. Casassa Title: Assistant Secretary Sj•141:6126196 William Woolleft, Jr. Chief Executive Officer Son Joaquin Hills Foothlll/Eastem Walter D. Kreutzen CorrldorAgency Corridor Agency Executive Vice President AA4k Finance & Administratlon Chairman: Chairman: Patricia Bates Scott Diehl Gregory G. Henk Laguna Niguel San Clemente TRANSPORTATION CORRIDOR AGENCIES Executive Vice President Design & Construction R�,vctvmit of eLANNI?NG DEPARTMEh" July 1, 1996 >. re .;r OF NEWPORT BEAGF- Genia Garcia AM JUL Z 1996 9M 71 Associate Planner li City of Newport Beach 8�91U i lTl 1 3 i i i �4�Si6 3300 Newport Blvd. Newport Beach, CA 92663 Re: Standard Pacific Homes Utilization of SJHTC Fee Credits SJHTCA Transfer No. SJH-69 Pursuant to the request from The Irvine Company, the SJHTCA will release fee credits in the amount of $49,623 for 21 units to be built on Tract 15011, Lots 1- 8 & 30 - 42 at Newport North. Please have The Irvine Company complete the Transfer of Interest in Fee Credits form to keep in your files. This Agreement assures both the City, Agency and Company that there is no unauthorized use of fee credits. The Agency does ask that you indicate the amount, date and for which tract and number of units for which fee credits have been relinquished as part of your quarterly submittal of fees. Sincerely, ew"/\ Kathyl an Bed Manager, Administrative Services cc: Cindy Daily, The Irvine Company Maria Fazio, TCA Gil Scofield, County of Orange 201 E. SANDPOINTE AVE, SUITE 200, P.O. BOX 28870, SANTA ANA, CA 92799-8870 7141436-9800 FAX 714/436,9848 Members: Anaheim • Costa Mesa • County of Orange • Dona Point • Irvine • Lake Forest • Laguna Hills • Laguna Niguel Mlsslon Viejo • Orange • Newport Beach • Santa Ana • San Clemente • San Juan Capistrano • Tustin • Yorba Linda ® Re Wpo May 30, 1996 Ms. Genia Garcia Associate Planner City of Newport Beach 3300 Newport Boulevard Newport Beach, CA 92663 011 THE IRVINE COMPANY Subject: Utilization of SJHTC Fee Credits - Standard Pacific of Orange County This letter is to formally request that Standard Pacific of Orange County be allowed to utilize San Joaquin Hills Transportation Corridor fee credits in the amount of $7,089 for 3 units to be built on Tract 15423, Lots 4-6 at Newport North. Based on executed San Joaquin Hills Transportation Corridor Fee Credit and Reimbursement Agreements between the Transportation Corridor Agency (TCA) and The Irvine Company, the TCA has granted The Irvine Company $17,762,175 in available fee credits in exchange for dedication of Company land to the TCA for construction of the San Joaquin Hills Transportation Corridor. After application to the fee credits requested per this letter, a total of $13,235,404 in fee credits will remain as summarized below. Credit Agreement Total Credits Credits Utilized Balance SJHTC Seg. 2 (Laguna -Laurel) $5,215,984 $1,066,993 $4,148,991 MacArthur/University Ave. 385,956 384,629 1,327 ROW - Newport Coast Drive 9,986,764 3,075,149 6,911,615 (as amended) ROW - Ford Road 600,128 -0- 600,128 Habitat Area 1.573.343 _0_ 1.573.343 TOTAL $17,762.175 $4,526,771 $13,235,404 Attached are 1 original and 1 copy of an executed agreement for transfer of interest in fee credits. Should you have any questions, please call me at 720-2558 or Kathy Besnard, Manager, Administrative Services for the Transportation Corridor Agency at 436-9800. Sincerely, G�'YIkJ'tuz' Cynthia Daily Land Development Finance cc: Kathy Besnard, Transportation Corridor Agency Standard Pacific of Orange County SFN6.:5130196550 Newport Center Drive, P.O. Box 6370, Newport Beach, California 92658.6370 • (714) 720-2000 Title: TRANSFER OF INTEREST IN FEE CREDITS This Agreement is made and entered into this 30th day of May, 1996 by and between The Irvine Company ("Developer") and Standard Pacific Of Orange County ("Developer's Transferee") with respect to the following facts: RECITALS 1. Developer and the San Joaquin Hills Transportation Corridor Agency entered into a certain Agreement for Grant of Fee Credits on the 10th day of May, 1995 (the "Fee Credit Agreement"). 2. The Fee Credit Agreement allows for transfer of Developer's Available Fee Credits (as defined therein) to a successor -in -interest subject to certain terms and conditions. 3. Developer's Transferee is the successor -in -interest to the real property within the boundaries of the Area of Benefit (as that term is defined in the Fee Credit Agreement), which real property is more particularly described as Lots 4-6 of Tract 15423 in the City of Newport Beach, County of Orange, California. 4. Developer desires to transfer a portion of Developer's Available Fee Credits to Developer's Transferee. 5. The Fee Credit Agreement requires Developer's Transferee to acknowledge and accept the terms and obligations contained in the Fee Credit Agreement. NOW, THEREFORE, in consideration of the above, the parties hereto agree as follows: AGREEMENT A. Developer's Transferee, acknowledges all terms, conditions and obligations of the Fee Credit Agreement insofar as such Fee Credit Agreement applies to the Fee Credits transferred hereunder. B. Developer hereby transfers to Developer's Transferee Seven Thousand and Eighty -Nine Dollars ($7,089 ) of Developer's Available Fee Credits for use on development within the above described real property. IN WITNESS WHEREOF, the parties have executed the Agreement as of the day and year first above written. Developer: THE IRVINE COMPANY, a Michigan corporation C. Keith Greer President, Irvine Community Builders a division of The Irvine Company By: Elise Millington Title: Assistant Secretary SIM.:5130195 San Joaquin Hills Foothill/Eastern CorrldorAgency Corridor Agency Chairman: Chairman: Patricia Bates Scott Diehl Laguna Niguel San Clemente TRANSPORTATION CORRIDOR AGENCIES June 4, 1996 Genia Garcia Associate Planner City of Newport Beach 3300 Newport Boulevard Newport Beach, CA 92663 Re: Standard Pacific Homes Utilization of SJHTC Fee Credits SJHTCA Transfer No. SJH-61 William Woollen, Jr. Chief Executive Officer Walter D. Kreuhen Executive Vice President Finance & Administration Gregory G. Henk Executive Vice President Design & Construction Pursuant to the request from The Irvine Company, the SJHTCA will release fee credits in the amount of $7,089 for 3 units to be built on Tract 15423, Lots 4 - 6 at Newport North. Please have The Irvine.Company complete the Transfer of Interest in Fee Credits form to keep in your files. This Agreement assures both the City, Agency and Company that there is no unauthorized use of fee credits. The Agency does ask that you indicate the amount, date and for which tract and number of units for which fee credits have been relinquished as part of your quarterly submittal of fees. Sincerely, Kathy Bel Manager, Administrative Services cc: Cindy Daily, The Irvine Company Maria Fazio, TCA Gil Scofield, County of Orange get ;UXII:P A�j�� � PL�NkL. PBgi 611v A"1o�19��°�'�,� ��t3,4'S,6 201 E. SANDPOINTE AVE., SUITE 200, P O. BOX 28870, SANTA ANA, CA 92799-BB70 7141436-9800 FAX 7141436-9848 Members: Anaheim • Costa Mesa • County of Orange • Dana Point • Irvine • Lake Forest • Laguna Hills • Laguna Niguel Mission Viejo • Orange • Newport Beach • Santa Ana • San Clemente • San Juan Capistrano • Tustin • Yorba Linda ® Rocrcw Paper June 13, 1996 THE IRVINE COMPANY Ms. Genia Garcia Associate Planner City of Newport Beach 3300 Newport Boulevard Newport Beach, CA 92663 Subject: Utilization of SJHTC Fee Credits - Standard Pacific of Orange County This letter is to formally request that Standard Pacific of Orange County be allowed to utilize San Joaquin Hills Transportation Corridor fee credits in the amount of $40,171 for 17 units to be built on Tract 15423, Lots 8-16 & 58-65 at Newport North. Based on executed San Joaquin Hills Transportation Corridor Fee Credit and Reimbursement Agreements between the Transportation Corridor Agency (TCA) and The Irvine Company, the TCA has granted The Irvine Company $17,762,175 in available fee credits in exchange for dedication of Company land to the TCA for construction of the San Joaquin Hills Transportation Corridor. After application to the fee credits requested per this letter, a total of $13,191,187 in fee credits will remain as summarized below. Credit Agreement Total Credits Credits Utilized Balance SJHTC Seg. 2 (Laguna -Laurel) $5,215,984 $1,066,993 $4,148,991 MacArthur/University Ave. 385,956 384,629 1,327 ROW - Newport Coast Drive 9,986,764 3,119,366 6,867,398 (as amended) ROW - Ford Road 600,128 -0- 600,128 Habitat Area 1573.343 TOTAL $17,762,175 $4,570,988 $13,191,187 Attached are 1 original and 1 copy of an executed agreement for transfer of interest in fee credits. Should you have any questions, please call me at 720-2558 or Kathy Besnard, Manager, Administrative Services for the Transportation Corridor Agency at 436-9800. Sincerely, Cynthia Land Development Finance cc: Kathy Besnard, Transportation Corridor Agency Standard Pacific of Orange County 31•N6.:6113196550 Newport Center Drive, P.O. Box 6370, Newport Beach, California 92658-6370 • (714) 720-2000 TRANSFER OF INTEREST IN FEE CREDITS This Agreement is made and entered into this 13th day of June, 1996 by and between The Irvine Company ("Developer") and Standard Pacific Of Orange County ("Developer's Transferee") with respect to the following facts: RECITALS 1. Developer and the San Joaquin Hills Transportation Corridor Agency entered into a certain Agreement for Grant of Fee Credits on the 10th day of May, 1995 (the "Fee Credit Agreement"). 2. The Fee Credit Agreement allows for transfer of Developer's Available Fee Credits (as defined therein) to a successor -in -interest subject to certain terms and conditions. 3. Developer's Transferee is the successor -in -interest to the real property within the boundaries of the Area of Benefit (as that term is defined in the Fee Credit Agreement), which real property is more particularly described as Lots 8-16 & 58-65 of Tract 15423 in the City of Newport Beach, County of Orange, California. 4. Developer desires to transfer a portion of Developer's Available Fee Credits to Developer's Transferee. 5. The Fee Credit Agreement requires Developer's Transferee to acknowledge and accept the terms and obligations contained in the Fee Credit Agreement. NOW, THEREFORE, in consideration of the above, the parties hereto agree as follows: AGREEMENT A. Developer's Transferee acknowledges all terms, conditions and obligations of the Fee Credit Agreement insofar as such Fee Credit Agreement applies to the Fee Credits transferred hereunder. B. Developer hereby transfers to Developer's Transferee Forty Thousand, One Hundred Seventy -One Dollars ($40,171) of Developer's Available Fee Credits for use on development within the above described real property. IN WITNESS WHEREOF, the parties have executed the Agreement as of the day and year first above written. Developer: THE IRVINE COMPANY, a Michigan corporation By: dx Bern rd A. Maniscalco Title: President, Coast Community Builders a division of The Irvine Company By: cou_ �el 9 Patsy issell Title: Assistant Secretary SkNB.:6113196 William Woollett, Jr. Chief Executive Officer Son Joaquin Hills Foothill/Eastern WolterD. Kreuhen CorddorAgency CoMdorAgency �- Executive Vice President Flnance & Administration Chairman: Chairman: Patricia Bates ScottDiehl Gregory G. Henk Laguna Niguel San Clemente TRANSPORTATION CORRIDOR AGENCIES Executive Vice President Design & Construction June 21, 1996 PLANNING DF,PAR6NiE10 CITY CP NFWPCP3 DEACII Genia Garcia Associate Planner Cityof Newport Beach A�1 � 7i8,�iiUr�It!r't�s�it415r6 3300 Newport Blvd. Newport Beach, CA 92663 Re: Standard Pacific Homes Utilization of SJHTC Fee Credits SJHTCA Transfer No. SJH-67 Pursuant to the request from The Irvine Company, the SJHTCA will release fee credits in the amount of $40,171 for 17 units to be built on Tract 15423, Lots 8 - 16 & 58 - 65 at Newport North. Please have The Irvine Company complete the Transfer of Interest in Fee Credits form to keep in your files. This Agreement assures both the City, Agency and Company that there is no unauthorized use of fee credits. The Agency does ask that you indicate the amount, date and for which tract and number of units for which fee credits have been relinquished as part of your quarterly submittal of fees. Sincerely, Kathy Be and Manager, Administrative Services cc: Cindy Daily, The Irvine Company Maria Fazio, TCA Gil Scofield, County of Orange 201 E. SANDPOINTE AVE, SUITE 200, P.O. BOX 28870, SANTA ANA, CA 92799-BB70 714/436-9800 FAX 7141436-984B Members: Anaheim • Costa Mesa • County of Orange • Dana Point . Irvine • Lake Forest • Laguna Hills • Laguna Niguel Mission Viejo • Orange • Newport Beach • Santa Ana • San Clemente • Son Juan Capistrano • Tuslin • Yorbo Undo ® R Yda Pope' June 26, 1996 Ms. Genia Garcia Associate Planner City of Newport Beach 3300 Newport Boulevard Newport Beach, CA 92663 11) THE IRVINE COMPANY Subject: Utilization of SJHTC Fee Credits - Standard Pacific of Orange County 4,4g PA, ;L pc. 16A6 This letter is to formally request that Standard Pacific of Orange County be allowed to utilize San Joaquin Hills Transportation Corridor fee credits in the amount of $40,171 for 17 units to be built on Tract 15423, Lots 17-22, 47-56 & 66 at Newport North. Based on executed San Joaquin Hills Transportation Corridor Fee Credit and Reimbursement Agreements between the Transportation Corridor Agency (TCA) and The Irvine Company, the TCA has granted The Irvine Company $17,762,175 in available fee credits in exchange for dedication of Company land to the TCA for construction of the San Joaquin Hills Transportation Corridor. After application to the fee credits requested per this letter, a total of $13,025,884 in fee credits will remain as summarized below. Credit Agreement Total Credits Credits Utilized Balance SJHTC Seg.2 (Laguna -Laurel) $5,215,984 $1,066,993 $4,148,991 MacArthur/University Ave. 385,956 384,629 1,327 ROW - Newport Coast Drive 9,986,764 3,284,669 6,702,095 (as amended) ROW - Ford Road 600,128 -0- 600,128 Habitat Area 1.573.343 _0_ 1.573.343 TOTAL $17,762,175 $4,736,291 $13,025,884 Attached are 1 original and 1 copy of an executed agreement for transfer of interest in fee credits. Should you have any questions, please call me at 720-2558 or Kathy Besnard, Manager, Administrative Services for the Transportation Corridor Agency at 436-9800. Sincerely, Cynthia Daily Land Development Finance cc: Kathy Besnard, Transportation Corridor Agency Standard Pacific of Orange County Sj NB.:6125196 550 Newport Center Drive, P.O. Box 6370, Newport Beach, California 92658.6370 • (714) 720-2000 TRANSFER OF INTEREST IN FEE CREDITS This Agreement is made and entered into this 26th day of June, 1996 by and between The Irvine Company ("Developer") and Standard Pacific Of Orange County ("Developer's Transferee") with respect to the following facts: RECITALS 1. Developer and the San Joaquin Hills Transportation Corridor Agency entered into a certain Agreement for Grant of Fee Credits on the 10th day of May, 1995 (the "Fee Credit Agreement"). 2. The Fee Credit Agreement allows for transfer of Developer's Available Fee Credits (as defined therein) to a successor -in -interest subject to certain terms and conditions. 3. Developer's Transferee is the successor -in -interest to the real property within the boundaries of the Area of Benefit (as that term is defined in the Fee Credit Agreement), which real property is more particularly described as Lots 17-22, 47-56 & 66 of Tract 15423 in the City of Newport Beach, County of Orange, California. 4. Developer desires to transfer a portion of Developer's Available Fee Credits to Developer's Transferee. 5, The Fee Credit Agreement requires Developer's Transferee to acknowledge and accept the terms and obligations contained in the Fee Credit Agreement. NOW, THEREFORE, in consideration of the above, the parties hereto agree as follows: AGREEMENT A. Developer's Transferee acknowledges all terms, conditions and obligations of the Fee Credit Agreement insofar as such Fee Credit Agreement applies to the Fee Credits transferred hereunder. B. Developer hereby transfers to Developer's Transferee Forty Thousand, One Hundred Seventy -One Dollars ($40,171) of Developer's Available Fee Credits for use on development within the above described real property. IN WITNESS WHEREOF, the parties have executed the Agreement as of the day and year first above written. Developer: THE IRVINE COMPANY, a Michigan corporation By:� Thomas Sakai Title: Sr. Vice President, Land Dev. Company a division of The Irvine Company By: P. B. Casassa Title: Assistant Secretary SI•NBA126196 William Woolleff, Jr. Chief Executive Officer San Joaquin Hills Foothill/Eastem .r, Wolter D. Kreutzen ComdorAgency CorridorAgency <` Executive Vice President It Finance & Administration Chairman; Chairman: Patricto Bates Scoff Diehl Gregory G. Henk Laguna Niguel Son Clemente TRANSPORTATION CORRIDOR AGENCIES Executive Vice President Design & Construction RLk;hivau 0Y July 1, 1996 pLANNING DEPARTMENT NEWPORT BEACH j3jTY OF Genia Garcia JUL 21996 Associate Planner AM PM City of Newport Beach 7i8j9i10t11t1Zt1j2A4A6 3300 Newport Blvd. Newport Beach, CA 92663 Re: Standard Pacific Homes Utilization of SJHTC Fee Credits SJHTCA Transfer No. SJH-68 Pursuant to the request from The Irvine Company, the SJHTCA will release fee credits in the amount of $40,171 for 17 units to be built on Tract 15423, Lots 17 - 22 & 56 & 66 at Newport North. Please have The Irvine Company complete the Transfer of Interest in Fee Credits form to keep in your files. This Agreement assures both the City, Agency and Company that there is no unauthorized use of fee credits. The Agency does ask that you indicate the amount, date and for which tract and number of units for which fee credits have been relinquished as part of your quarterly submittal of fees. Sincerely, 9'I l� Kathy Be and Manager, Administrative Services cc: Cindy Daily, The Irvine Company Maria Fazio, TCA Gil Scofield, County of Orange 201 E. SANDPOINTE AVE, SUITE 200, P.D. BOX 28870, SANTA ANA, CA 92799-8870 714/436-98DD FAX 7141436-9848 Members: Anaheim . Costa Mesa . County of Orange . Dana Point . Irvine . Lake Forest . Laguna Hills . Laguna Niguel . Mission Viejo . Orange . Newport Beach . Santa Ana . San Clemente . San Juan Capistrano • Tustin . Yorbo Linda sV THE IRVINE COMPANY November 28, 1995 Ms. Genia Garcia Associate Planner City of Newport Beach 3300 Newport Boulevard Newport Beach, CA 92663 Subject: Utilization of SJHTC Fee Credits - Irvine Apartment Communities llri' dvhv by PLANNING DEPARTMENT CITY OF NEWPORT BEACH a':4 G 4 i996 PM 70011011111211121314150 b This letter is to formally request that Irvine Apartment Communities be allowed to utilize San Joaquin Hills Transportation Corridor fee credits in the amount of $413,700 (Zone B) for 300 units to be built on Tract 14989, at Newport North. Based on executed San Joaquin Hills Transportation Corridor Fee Credit and Reimbursement Agreements between the Transportation Corridor Agency (TCA) and The Irvine Company, the TCA has granted The Irvine Company $17,224,084 in available fee credits in exchange for dedication of Company land to the TCA for construction of the San Joaquin Hills Transportation Corridor. After application to the fee credits requested per this letter, a total of 13,177,263 in fee credits will remain as summarized below. - Credit Agreement Total Credits Credits Utilized Balance SJHTC Seg. 2 (Laguna -Laurel) $5,215,984 $1,066,993 $4,148,991 MacArthur/University Ave. $385,956 384,629 $1,327 ROW - Newport Coast Drive $9,448,673 $2,595,197 $6,853,476 ROW - Ford Road $600,128 -0- $600,128 Habitat Area �1 573.343 0_ LL573.343 TOTAL $17,224,084 $4,046,819 $13,177,263 Attached are 1 original and 1 copy of an executed agreement for transfer of interest in fee credits. Should you have any questions, please call me at 720-2558 or Kathy Besnard, Manager, Administrative Services for the Transportation Corridor Agency at 436-9800. erely, ohn Kaye Land Developm nt Finance cc: Kathy Besnard, Transportation Corridor Agency Irvine Apartment Communities Si-NUAC 111% Newport Center Drive, P.O. Box 6370, Newport Beach, California 92658-6370 9 (714) 720-2000 TRANSFER OF INTEREST IN FEE CREDITS This Agreement for Transfer of Interest in Fee Credits is made this 28th day of November, 1995 by The Irvine Company ("Developer") to Irvine Apartment Communities ("Developer's Transferee") with respect to the following facts: RECITALS 1. Developer and the San Joaquin Hills Transportation Corridor Agency entered into a certain Fee Credit and Reimbursement Agreement on the 13th day of June, 1991 (the "Fee Credit Agreement"). 2. The Fee Credit Agreement allows for transfer of Developer's Available Fee Credits (as defined therein) to a successor -in -interest subject to certain terms and conditions. 3. Developer's Transferee is the successor -in -interest to the real property within the boundaries of the Area of Benefit (as that term is defined in the Fee Credit Agreement), which real property is more particularly described as Tract 14989, in the County of Orange, California. 4. Developer desires to transfer a portion of Developer's Available Fee Credits to Developer's Transferee. 5. Developer's transfer hereunder in no way limits or otherwise affects Developer's obligations under the Fee Credit Agreement which obligations are in no way assumed or transferred to Developer's Transferee. NOW, THEREFORE, in consideration of the above, the parties hereto agree as follows: AGREEMENT Developer hereby transfers to Developer's Transferee Five Hundred Nineteen Thousand Three Hundred Dollars ($413,700) of Developer's Available Fee Credits for use on development within the above described real property, which Available Fee Credits may be applied by Transferee against "Development Fees" (as defined in the Fee Credit Agreement) in accordance with the terms and conditions set forth in the Fee Credit Agreement. IN WITNESS WHEREOF, the parties have executed the Agreement as of the day and year first above written. Developer: THE IRVINE COMPANY, a Michigan corporation By: Bern rd A. aniscalco Title: President, Coastal Community Builders, a division of The Irvine Company By; a Thomas Sakai Title: Assistant Secretary sj agree.1AC:1119/96 TRANSFER OF INTEREST IN FEE CREDITS This Agreement for Transfer of Interest in Fee Credits is made this 28th day of November, 1995 by The Irvine Company ("Developer") to Irvine Apartment Communities ("Developer's Transferee") with respect to the following facts: RECITALS 1. Developer and the San Joaquin Hills Transportation Corridor Agency entered into a certain Fee Credit and Reimbursement Agreement on the 13th day of June, 1991 (the "Fee Credit Agreement"). 2. The Fee Credit Agreement allows for transfer of Developer's Available Fee Credits (as defined therein) to a successor -in -interest subject to certain terms and conditions. 3. Developer's Transferee is the successor -in -interest to the real property within the boundaries of the Area of Benefit (as that term is defined in the Fee Credit Agreement), which real property is more particularly described as Tract 14989, in the County of Orange, California. 4. Developer desires to transfer a portion of Developer's Available Fee Credits to Developer's Transferee. 5. Developer's transfer hereunder in no way limits or otherwise affects Developer's obligations under the Fee Credit Agreement which obligations are in no way assumed or transferred to Developer's Transferee. NOW, THEREFORE, in consideration of the above, the parties hereto agree as follows: AGREEMENT Developer hereby transfers to Developer's Transferee Five HundredNineteen Thousand Three Hundred Dollars ($413,700) of Developer's Available Fee Credits for use on development within the above described real property, which Available Fee Credits may be applied by Transferee against "Development Fees" (as defined in the Fee Credit Agreement) in accordance with the terms and conditions set forth in the Fee Credit Agreement. IN WITNESS WHEREOF, the parties have executed the Agreement as of the day and year first above written. Developer: THE IRVINE COMPANY, a Michigan corporation By: Bern rd A. Maniscalco Title: 'President, Coastal Community Builders, a division of The Irvine Company By: j22ac,r.1 9� � Thomas Sakai Title: Assistant Secretary sj agree.1AQ1/19/96