21-0106_JAMBOREE HOUSING CORPORATION_Exclusive Negotiation Agreement Extension Letter
January 6, 2021
Jamboree Housing Corporation
Roger Kinoshita
17701 Cowan Ave., Suite 200
Irvine, CA 92614
Re: Exclusive Negotiation Agreement between the City of San Juan Capistrano and
Jamboree Housing Corporation
Dear Mr. Kinoshita:
The Exclusive Negotiating Agreement (“Agreement”) between the City of San Juan Capistrano
(“City”) and Jamboree Housing Corporation (“Developer”) involving the City Hall site is due to
expire on January 8, 2021. Pursuant to Section 3 of the Agreement, the parties to the
Agreement may extend the Negotiating Period for up to two (2) additional ninety (90)
calendar day periods by mutual agreement so long as the Developer is diligently discharging
its responsibilities under the Agreement. As the proposed City Hall/affordable housing
concept is still being developed and Developer has, to date, diligently discharged its
responsibilities under the Agreement in a manner satisfactory to the City, it is appropriate to
exercise the second 90‐day extension as permitted under Section 3 of the Agreement. By
mutually agreeing to this extension, the new expiration date of the Agreement will be April 9,
2021. At this time, the City does not require an Extension Deposit it is otherwise entitled to
under Section 2(b) but reserves the right to require additional funds as processing of the
proposed project proceeds.
If you agree to this extension, please sign and date below and return this letter to Project
Manager Laura Stokes at 32400 Paseo Adelanto, San Juan Capistrano, CA 92675 by January 8,
2021. You may scan and email your response to Lstokes@SanJuanCapistrano.org, but please
ensure we receive your signed original as soon as possible. If you have any questions or
concerns, please contact Ms. Stokes at (949) 443‐6313.
Sincerely,
Benjamin Siegel
City Manager
Exclusive Negotiation Agreement between the City of San Juan Capistrano and Jamboree Housing Corp.
Page 2 of 2
By signing below, I am agreeing to the terms outlined above.
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Signature Date
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cc: City Attorney