Agreement for SOCCCD to Relinquish its Right to Acquire Fee Title to property at the Advanced Technology Education Park (ATEP) campus in the city of Tustin and

Agreement for SOCCCD to Relinquish its Right to Acquire Fee Title to property at the Advanced Technology Education Park (ATEP) campus in the city of Tustin and

The project consists of two agreements, the Agreement concerning Valencia Parcel and a strip parcel ("Agreement") and Amendment #1 of DA 2013-002 (Development Agreement and Amended and Restated Agreement between the City of Tustin and SOCCCD for Conveyance of a Portion of MCAS Tustin and the Establishment of an Advanced Technology Educational Campus) ("DA Amendment"). The purpose of the Agreement and DA Amendment is to effectuate the disposition of approximately five (5) acres of land comprised of the two (2) parcels (Valencia Parcel ("Site A") and strip parcel ("Site B")) from SOCCCD to the City. The Agreement delineates the terms, purchase price and processes associated with the City's purchase from SOCCCD of the strip parcel and SOCCCD's relinquishment of its right to acquire ownership of the Valencia Parcel and ultimate City ownership of the two (2) parcels. Associated with the purchase is the DA Amendment, which would modify the approved DA 2013-002 to identify the City as the ultimate owner of the two (2) parcels.

Irvine, Tustin

Orange