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City of Anaheim-SRB DDA Official 9-3-20.Docx

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City of Anaheim-SRB DDA Official 9-3-20.Docx DISPOSITION AND DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF ANAHEIM AND SRB MANAGEMENT, LLC TABLE OF CONTENTS Page SECTION 1. DEFINITIONS....................................................................................................................5 1.1 Affiliate of Developer.........................................................................................................5 1.2 Affordable Covenant...........................................................................................................5 1.3 Affordable Delivery Compensation....................................................................................5 1.4 Angels Baseball ..................................................................................................................5 1.5 Angels Commitment Agreement ........................................................................................6 1.6 Assessment District.............................................................................................................6 1.7 Assumption Requirements..................................................................................................6 1.8 Authorizing Ordinance .......................................................................................................6 1.9 CFD.....................................................................................................................................6 1.10 City .....................................................................................................................................6 1.11 Closing................................................................................................................................6 1.12 Community Benefit Park ....................................................................................................6 1.13 Conceptual Community Benefit Park Plans .......................................................................6 1.14 Conditions of Approval ......................................................................................................6 1.15 DDA....................................................................................................................................6 1.16 Default ................................................................................................................................6 1.17 Develop/Development ........................................................................................................6 1.18 Developer............................................................................................................................6 1.19 Developer’s Actual Park Costs ...........................................................................................7 1.20 Development Agreement Statute ........................................................................................7 1.21 Development Approvals .....................................................................................................7 1.22 Effective Date .....................................................................................................................7 1.23 Enabling Ordinance ............................................................................................................7 1.24 Exactions.............................................................................................................................7 1.25 Existing Land Use Regulations...........................................................................................7 1.26 Existing Stadium.................................................................................................................8 1.27 Master Site Plan..................................................................................................................8 1.28 Mortgage.............................................................................................................................8 1.29 Mortgagee ...........................................................................................................................8 1.30 Notice of Default ................................................................................................................8 1.31 Park Management Plan .......................................................................................................8 1.32 Person .................................................................................................................................8 1.33 Platinum Triangle ...............................................................................................................8 1.34 Procedures Resolution ........................................................................................................8 1.35 Project.................................................................................................................................8 1.36 Project Traffic Study...........................................................................................................8 1.37 Project Uses ........................................................................................................................8 1.38 Property...............................................................................................................................8 1.39 Property...............................................................................................................................8 1.40 Public Improvements and Facilities....................................................................................9 1.41 Remedial Plan.....................................................................................................................9 1.42 Replacement Stadium .........................................................................................................9 1.43 SCEA ..................................................................................................................................9 1.44 SCEA Mitigation Measures................................................................................................9 1.45 Stadium...............................................................................................................................9 1.46 Stadium Lease.....................................................................................................................9 1.47 Term...................................................................................................................................9 i 1.48 Transfer...............................................................................................................................9 1.49 Zoning Code .......................................................................................................................9 SECTION 2. TERM .................................................................................................................................9 2.1 Term....................................................................................................................................9 2.2 Automatic Termination Upon Completion and Sale of Residential Lot...........................10 2.3 Automatic Termination in the Event Developer’s Acquisition of the Property is not Completed...................................................................................................................10 SECTION 3. BENEFITS TO CITY .......................................................................................................10 SECTION 4. BENEFITS TO DEVELOPER .........................................................................................11 SECTION 5. BINDING COVENANTS ................................................................................................11 SECTION 6. VESTED DEVELOPMENT RIGHTS .............................................................................11 6.1 Generally...........................................................................................................................11 6.2 [Intentionally Omitted] .....................................................................................................11 6.3 No Conflicting Laws.........................................................................................................11 SECTION 7. DEVELOPMENT APPROVALS.....................................................................................12 7.1 Master Site Plan................................................................................................................12 7.2 Project Vesting Tentative Tract Map................................................................................12 7.3 Processing of Development Approvals for Project Uses..................................................14 7.4 Exactions...........................................................................................................................15 7.5 Replacement Stadium .......................................................................................................16 7.6 Taxes.................................................................................................................................16 7.7 Stadium Event Traffic and Parking Management.............................................................16 7.8 Modification of Development Standards..........................................................................17 7.9 Public Realm Plan.............................................................................................................17
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