15. DEVELOPMENT AGREEMENT (DA) 2021-0003 (FIRST AMENDMENT TO TUSTIN LEGACY CORNERSTONE I DEVELOPMENT AGREEMENT) This project is the first amendment to the original development agreement (DA) for the Tustin Legacy Cornerstone I development project (DA 2016-0001) located at the northwest corner of Armstrong Avenue and Barranca Parkway, as shown in Attachment A. The amendment would terminate the Original DA as to Phase 1 and the Phase 1 Parcel, and modify certain provisions of the Phase 2 development consistent with the 3rd Amendment to the Disposition and Development Agreement (DDA) approved by the City Council on December 1, 2020. No construction is proposed in conjunction with this project. On December 14, 2021, the Planning Commission adopted Resolution No. 4443, recommending that the City Council adopt Ordinance 1520, approving DA 2021-0003 as an amendment to the original DA as described above. APPLICANT: Flight Phase I Owner PROPERTY City of Tustin c/o Lincoln Property Co OWNER: 300 Centennial Way 19600 Fairchild, Suite 300 Tustin, CA 92780 Irvine, CA 92612