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Ordinance No. 987465 ORDINANCE NO. 987 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CYPRESS APPROVING AMENDMENT TO DEVELOPMENT AGREEMENT NO. 98 -1 BETWEEN THE CITY OF CYPRESS AND THE OLSON COMPANY. WHEREAS, Sections 65864 et sec. of the Government Code of the State of California and Division 12 of Section 35 of the Code of the City of Cypress authorize the execution of agreements establishing and maintaining requirements applicable to the development of real property; and WHEREAS, in accordance with the procedure specified in said Section 35, The Olson Company, a California corporation, has filed with the City of Cypress a revised development agreement with the City, which has been reviewed and accepted for filing by the Community Development Director; and WHEREAS, notice of the City's intention to consider adoption of the revised development agreement with The Olson Company, had been duly given in the form and manner required by law, and the City Council of said City conducted a public hearing on March 15, 1999, at which it was heard and considered all evidence relevant and material to said subject. THE CITY COUNCIL OF THE CITY OF CYPRESS DOES ORDAIN AS FOLLOWS: SECTION 1. Findings The City Council hereby fords and determines, with respect to the revised development agreement by and between the City of Cypress and The Olson Company, (hereinafter the "Amended and Restated Development Agreement No. 98 -1 ") that it: a. Is consistent with the objectives, policies, general land uses and programs specified in the City of Cypress' General Plan in that the Amended and Restated Development Agreement No. 98 -1, makes reasonable provision for the use of certain real property for residential uses, as in said General Plan; b. Is compatible with the uses authorized in, and the regulations prescribed for the land use district in which the real property referred to therein is located as the Development Agreement provides for residential uses; c. Is in conformity with the public convenience, general welfare, and good land use practice, because it makes reasonable provision for a balance of land uses compatible with the remainder of the City; and d. Will not be detrimental to the health, safety, and general welfare, because it provides adequate assurances for the protection thereof. SECTION 2. Approval. The Amended and Restated Development Agreement No. 98 -1, a copy of which is on file in the office of the City Clerk and by this reference is incorporated fully herein, is hereby approved. The Mayor is authorized and directed to evidence such approval by executing the Amended Development Agreement No. 98 -1 for, and in the name of, the City of Cypress; and the City Clerk is directed to attest thereto provided; however, that the Amended and Restated Development Agreement No. 98 -1, shall not be executed by the City until this Ordinance takes effect. SECTION 3. If any section, subsection, subdivision, sentence, clause, phrase, or portion of this Ordinance is for any reason held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Ordinance. The City Council hereby declares that it would have adopted this Ordinance, and each section, subsection, subdivision, sentence, clause, phrase, or portion thereof, irrespective of the fact that any one or more sections, subsections, subdivision, sentences, clauses, phrases, or portions thereof be declared invalid or unconstitutional. SECTION 4. The City Clerk is hereby authorized and directed to certify as the passage of this Ordinance and to give notice thereof by causing copies of this Ordinance to be posted in three (3) public places throughout the City. 466 FIRST READ at an adjourned regular meeting of the City Council of the City of Cypress held on the 15th day of March 1999, and finally adopted and ordered posted at a regular meeting held on the 22nd day of March 1999. ATTEST: • TY CLERK OF THE CITY OF CYPRESS STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS MAYOR OF THE CITY OF CYPRESS I, LILLIAN M. HAINA, City Clerk of the City of Cypress, DO HEREBY CERTIFY that the foregoing Ordinance was duly adopted at a regular meeting held on the 22nd day of March 1999; by the following roll call vote: AYES: 5 COUNCIL MEMBERS: McCoy, McGill, Piercy, Sondhi and Keenan NOES: 0 COUNCIL MEMBERS: None ABSENT: 0 COUNCIL MEMBERS: None CITY CLERK OF THE CITY OF CYPRESS