City of Tustin City Council Meeting Minutes October 2024
City Extends Exclusive Negotiating Deal With Irvine Company
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Description
Tustin City Council approved an amendment extending the Exclusive Negotiating Agreement with TheIrvineCompany LLC for Tustin Legacy Disposition Areas 2B, 2C, and 8 through March 31, 2025, with an additional 90-day extension at the City Manager’s discretion. The Irvine Company’s deposit account will continue to fund City transaction costs and related third-party consultant and legal services.
Contract Details
Vendor
IRVINE COMPANY LLC
Agency
City of Tustin, CA
Contract Type
FACILITIES
Document Date
October 1, 2024
Contract Term
Until March 31, 2025, with one additional 90-day extension at City Manager’s discretion
Renewal Date
2025-03-31
Renewal Info
Exclusive Negotiating Agreement extended to March 31, 2025, with one additional 90-day extension option exercisable by the City Manager; existing deposit account continues to cover City and consultant expenses.
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