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16-1015_ADVANCED GROUP 99-SJ & 03-79-2 (ARES)_Action Reminder CITY CLERK'S DEPARTMENT- ACTION REMINDER itO P r '1 t XV(V S TO: FROM: O .I S O f&. DATE: October 15, 2016 SITUATION: At their meeting on November 16, 2010, the City Council of the City of San Juan Capistrano approved a Development Agreement with Advanced Group 99-SJ and Advanced Group 03-79-2 (ARES) for San Juan Meadows/Distrito la Novia. ACTION REQUESTED: Subject to the provisions of Section 2.4 of this Agreement, the initial term of this Agreement shall commence on the Effective Date and shall terminate at the end of the day immediately preceding the 6th anniversary of the Effective Date, subject to the termination provisions set forth herein; provided, however, that in no event shall the initial term exceed 10 years. So long as developer is not in Default of this Agreement and the Agreement has not been otherwise terminated, developer may, without the prior written consent of the City, extend the term for 1 additional period of 4 years; and provided further that with respect to such 4-year extension option, developer shall give City written notice of its intent to extend the term not more than 180 days and not less than 60 days before the end of the initial term provided that all Distrito improvements and buildings situated within the RDA planning area have been constructed consistent with the Development Plans. Please notify this office if agreement will be extended or is complete. ACTION TO BE TAKEN: • � �1� DtS(.vSSWNS u�t co OCu`� "�t�K C l l�sv� of +•C1� QiN4b vry A rnrw�+ orot t. cQ O W dr► ✓cret./ -ak tsbmS r DATE WHEN NEXT ACTION (S) SHOULD BE TAKEN: SIGNATURE OF OFFICIAL TAKING ACTION: DATE SIGNED: o - 0 -16 b ***FOR CITY CLERK'S DEPARTMENT USE ONLY*** Tickler Date: 10/15/2016 Deadline Date: 11/16/2016 cc: Ayako Rauterkus, Management Analyst (600.30/DA-Distrito)