OTHERAPPROVED

City of Tustin Agreement Exclusive Negotiating Agreement with Tustin Legacy Mixed Use, LLC 2026-06-16

Tustin Approves ENA With Tustin Legacy Mixed Use

$250,000 good faith deposit to cover City staff and third-party costsCity of TustinTUSTIN LEGACY MIXED USE LLCJune 16, 2026

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Description

The City of Tustin will enter into an Exclusive Negotiating Agreement with Tustin Legacy Mixed Use, LLC to negotiate the disposition and mixed-use development of approximately 52 acres within the Tustin Legacy Specific Plan area. The developer will provide a $250,000 good faith deposit to fund City staff and third-party costs over an initial 24‑month negotiation period, with a possible 6‑month extension.

Contract Details

Contract Amount

$250,000 good faith deposit to cover City staff and third-party costs

Vendor

TUSTIN LEGACY MIXED USE LLC

Agency

City of Tustin, CA

Contract Type

OTHER

Document Date

June 16, 2026

Contract Term

Initial 24-month negotiation period from Effective Date, with one optional 6‑month extension at City Manager’s discretion (total up to 30 months)

Renewal Info

Agreement runs for a 730‑day Negotiation Period from the Effective Date and may be extended once for 180 days at the City Manager’s sole discretion; any additional extension requires City governing body action. The ENA terminates earlier if a Disposition and Development Agreement is executed or if the developer terminates due to project infeasibility.