7. SECOND READING AND ADOPTION OF ORDINANCE NO. 1560 - DEVELOPMENT AGREEMENT 2024-0007, AMENDING DEVELOPMENT AGREEMENT 2020-0001 REGARDING TERMS AND PUBLIC BENEFIT Adoption of Ordinance No. 1560 approves Development Agreement (DA) 2024-0007 amending 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. - City of Tustin, CA

Meeting: Regular Meeting of the City Council/Closed Session-4:30 pm/Regular Meeting-6:00 pm

Meeting Time: February 18, 2025 at 6:00pm PST

Agenda Item

7. SECOND READING AND ADOPTION OF ORDINANCE NO. 1560 - DEVELOPMENT AGREEMENT 2024-0007, AMENDING DEVELOPMENT AGREEMENT 2020-0001 REGARDING TERMS AND PUBLIC BENEFIT Adoption of Ordinance No. 1560 approves Development Agreement (DA) 2024-0007 amending 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.