City of Irvine
FOR IMMEDIATE RELEASE, PRESS RELEASE #13-11-27
Vote moves forward a 688-acre Orange County Great Park development
IRVINE, CA (November 27, 2013): The Irvine City Council this morning approved three motions:
- An adjacent landowner agreement (ALA) with Heritage Fields El Toro, LLC, represented by real estate development and management company FivePoint Communities;
- A general plan amendment and the first reading of a zone change;
- And certified an EIR.
A second reading and adoption of the ordinance to approve the zone change, set for December 10, is required.
The ALA sets in motion Heritage Fields’ five-year proposal to build 688 acres of amenities at the Orange County Great Park, along with additional public benefits, that would have a gross value to the City of more than $200 million. In return, adoption of the ordinance would allow Heritage Fields to build an additional 4,606 dwelling units on its privately owned Great Park Neighborhoods adjacent to the Great Park while reducing more than 410,000 square feet of non-residential intensity.
The 688 acres at the approximately 1,300-acre Orange County Great Park include a sports park, Bosque area, Upper Bee Canyon improvements, wildlife corridor, a golf course and agricultural area and trails improvements.
The City Council on November 12 voted to continue consideration of this morning’s actions for two weeks to allow staff to make changes and continue discussions with FivePoint Communities. In addition, in this morning’s action, the City Council approved three points:
- One, the City exercised its right to take over the operations and maintenance responsibilities for the 688 acres immediately upon completion of the improvements. The initial proposal kept that obligation with FivePoint Communities through 2023. The City will receive $10 million over time for the cost of the operations and maintenance.
- Two, the City Council received more flexibility on how to spend a $15.5 million Additional Allowance Fund, making $10.5 million of that less constrained.
- Three, FivePoint Communities agreed to provide an additional $10 million to the City toward improvement of Marine Way, the main entrance into the Great Park.
Significant staff changes, some 68 in all, were made in the two-week period between City Council meetings.
To view the staff reports for items 2.1, 3.1 and 4.1: Agenda-11-26-13
Since its incorporation in 1971, Irvine has become a nationally recognized city, with a population of 231,117, spans 66 square miles and is recognized as one of America’s safest and most successful master-planned urban communities. Top-rated educational institutions, an enterprising business atmosphere, sound environmental stewardship, and respect for diversity all contribute to Irvine’s enviable quality of life. This family-friendly city features more than 16,000 acres of parks, sports fields and dedicated open space and is the home of the Orange County Great Park – the first great metropolitan park of the 21st century. For more information, please visit cityofirvine.org.
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