10. DEVELOPMENT AGREEMENT 2024-0007, AMENDING DEVELOPMENT AGREEMENT 2020-0001 REGARDING TERMS AND PUBLIC BENEFIT The applicant, the Tustin Auto Center Merchants Association, is requesting approval of Development Agreement (DA) 2024-0007 to amend the term and sponsorship contributions previously established in DA 2020-0001. The proposed amendment will extend the term of the agreement and establish a methodology for calculating the annual sponsorship contribution. The Planning Commission held a public hearing on December 10, 2024, and adopted Resolution No. 4511, recommending that the City Council adopt Ordinance No. 1560 to approve DA 2024-0007. Property Owner and Applicant: John Patterson, Tustin Auto Center Merchants Association C/O Powerstone Property Management, 9060 Irvine Center Drive Irvine, CA 92618 Location: Assessor Parcel No. 500-181-08 (Rear of 40 & 44 Auto Center Dr.; No Street Address) General Plan: Planned Community Commercial Business Zoning: Planned Community Commercial