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<br /> conditions of this Agreerdent Specifically,bizt without limiting:the generality o£tie fore Din
<br /> g g
<br /> the Co..unty has found and determined that there are no substant;al changes ih this iro ect,or, n
<br /> the etri✓umstanees under which tisroaect isi be'iindertaken phi�r, #v i� [ate # rich
<br /> invely new impacts not ?orttdred�trirelts�t�s; 1st nq krrc�r�e�# is`
<br /> a 1• A',`4
<br /> rmgi
<br /> is uj. a unt�er C� ` i C
<br /> QA orlectiott wrh G+`airli ��lvil s gent, sc#,
<br /> � Jr° - � r W���,
<br /> subs ucnt of adds#r�tYai en em#alf
<br /> p{� rr
<br /> 1 e � �aSy >,A� ��-�
<br /> includ�tig miitgatioti fora R,sgied-"V. cretigt y p ci r is ,
<br /> 5 1
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<br /> Recital M The Community is bung provided, iitt certain iiil�atT se`�rlces fhrvitgli the
<br /> Count theIotiritain H' �` _
<br /> Dose Coinmti nit: Service°=Dxstt•iet
<br /> S
<br /> ya , . y s , � MHC �.) as .ell as-other public
<br /> agencies and Financing Mechanisms The Board oifStiperviusly'authone an
<br /> executed, on behalf of CQinty, 4'N. ublic Services Ailocahon Agreernert PSA Aeemerit")with
<br /> the MHCSD. The PSA Agreement sets farthIhosepublic serv(eesyan l linfltastructure to be
<br /> provided by the iVIHCSD`and those public services:and infiastructure:which`are to be provided
<br />' by the County and other public`agencies. The PSA Agreerrient l'as,been determined fo`tie
<br /> consistent with the Existing Approvals
<br /> Recital N. The Existing Approvals implement the goals and policies of the Co,unty's
<br /> General Plan and provide balanced arid diversified land uses within the Property and.the
<br /> Community in order to maintain the overall quality of life and quality of the environment within
<br /> the County. The Existing Approvals impose appropriate standards and requirements with respect
<br /> to land uses, building heights and densities,jobs/housing balance and the creation ofjob
<br /> opportunities through the construction and development of the Community, affordable housing,
<br /> traffic, bicycle, pedestrian, and transit improvements, habitat protection and enhancement,open
<br /> space and recreational amenities, educational and childcare facilities, utilities and
<br /> communication facilities, landscaping and signage as development of the Property proceeds,and
<br /> measures for mitigating adverse environmental impacts in the County and the surrounding
<br /> region. The County believes that the orderly development of the Community will provide many
<br /> public benefits to County through the imposition of the foregoing standards and requirements
<br /> under the terms and conditions of this Agreement, including, without limitation, increased tax
<br /> revenues resulting in fiscal benefits to County, installation of on- and off-site public
<br /> improvements, construction of beneficial industrial and commercial facilities at locations
<br /> serviced by major local thoroughfares and regional transportation systems, provision of a balance
<br /> between permanent employment opportunities and residential capacity within the County and the
<br /> region, and the creation of job opportunities through the construction and development of the
<br /> Property, and the location of businesses therein.
<br /> Recital 4. Development of the Property requires substantial capital expenditures and
<br /> investments with respect to construction and installation of major infrastructure and facilities,
<br /> both on-site and off-site. Developer's major objectives in entering into this Agreement include,
<br /> but are not limited to/the following: to obtain a degree of certainty subject to the Existing
<br /> Approvals and the terms of this Agreement, with respect to the permitted land uses, densities,
<br /> and major infrastructure required for the Property, in order to allow Developer to undertake and
<br /> complete the planning, public and private financing and development of the Property, and to
<br /> protect the capital investments that will be made by Developer, lenders, bond purchasers and
<br /> W02-SPFF'M61481145.2 -4-
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