HomeMy WebLinkAbout84-24 - Approving a Development Agreement Between the City of Newport Beach and the Irvine CompanyORDINANCE NO. 04-24
AN ORDINANCE OF THE CITY OF NEWPORT BEACH
APPROVING A DEVELOPMENT AGREEMENT
• BETWEEN THE CITY OF NEWPORT BEACH
AND THE IRVINE COMPANY.
follows:
The City Council of the City of Newport Beach DOES ORDAIN as
SECTION 1. The City Council finds and declares as follows:
A) That the State Legislature has directed all cities
to consider identified community housing needs in
reaching land use decisions and, where feasible,
to facilitate the development of new housing
opportunities to provide for the housing needs of
all economic segments of the community; and
B) that pursuant to its municipal rights and powers,
and the direction of the State Legislature, the
isCity of Newport Beach has adopted a Housing
Element which establishes the housing goals of the
community; and
C) that Housing Element Program Objective #3 commits
the City to promote the development of an
increased level of new housing production;
D) that it is the policy of the City to monitor
constraints to housing production and increase
allowable density, wherever possible; and
E) that Housing Element Program Objective #4 commits
the City to encouraging mixed use development; and
F) that the increased residential use in North Ford
will result in a mixed use development that
is
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achieves a balance between residential and
appropriate commercial activities; and
G) that Housing Element Program Objective #5 commits
the City to encouraging a balance between
employment and housing; and
H) that Housing Element Program Objective #6 commits
the City to encourage the housing development
industry to respond to the housing needs of the
community; and
I) that Housing Element Program Objective #7 commits
the City to promote and assist in the development
of housing for low and moderate income households;
and
J) that it is the policy of the City to provide
incentives to the building industry to facilitate
the provision of housing for low and moderate
income households; and
K) that the increased residential use in North Ford
will promote and assist in the development of
housing for low and moderate income households;
and
L) that Housing Element Program Objective #10 commits
the City to promote housing opportunities for all
persons regardless of race, religion, sex, marital
status, ancestry, national origin, or color; and
M) that Housing Element Program Objective #12 commits
the City to provide for the development of a
variety of housing types and products; and
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N) that achievement of the program objectives
contained in the City's Housing Element requires
cooperation between the City and the housing
development industry, as recognized in the Housing
Element and state law; and
O) that this Development Agreement, which is a
product of "negotiated development" encouraged by
the City's Housing Element, provides a vehicle for
defining the extent of public participation in the
provision of affordable housing, and the elements
of a cohesive affordable housing program to more
efficiently and sensitively meet and address
identified community housing needs; and
P) that this Development Agreement is a means to
remove obstacles to the provisions of affordable
housing by defining the conditions, terms,
restrictions, requirements and criteria to be
applied in future governmental review and
approvals, thereby removing disincentives for the
housing development industry to make early
investments and commitments with respect to
completion of master plan projects such as North
Ford; and
Q) that this Development Agreement can provide the
City with the ability to ensure production of
affordable housing in phase with other private
construction and infrastructure needs; and
R) that the City recognizes the unique opportunity to
provide a substantial amount of affordable housing
on the North Ford site, in a timely fashion; and
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S) that the City recognizes that the use of Community
Development Block Grant funds and mortgage revenue
bond financing in conjunction with this project
will contribute to the feasibility of providing
affordable housing on the North Ford site.
SECTION 2. Pursuant to City Council Ordinance No. 82 -30
establishing procedures and requirements for the consideration of
development agreements, that the North Ford Development Agreement is
hereby approved.
SECTION 3. Copies of said Development Agreement are on file
in the offices of the City Clerk and Planning Department of the City
of Newport Beach and said Development Agreement is made a part hereof
by this reference.
SECTION 4. The City Council finds that said Development
Agreement is in compliance with the provisions of the California
Environmental Quality Act and guidelines promulgated thereunder.
SECTION 5. This Ordinance shall be published once in the
official newspaper of the City, and the same shall be effective thirty
(30) days after the date of its adoption.
This Ordinance was introduced at a regular meeting of the
City Council of the City of Newport Beach, held on the 77 day of
October , 1984, and was adopted on the 13 day of November ,
1984, by the following vote, to wit:
AYES, COUNCIL MEMBERS AQee. Cox,
Maurer, Hart. Plummer
ATTEST:
X1 1+ 1_r i /'j s
City Clerk
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NOES, COUNCIL MEMBERS Strauss
ABSENT COUNCIL MEMBERS Heather
Mayor