/ MINUTES 1971 CITY COUNCIL SPECIAL MEETING February 11, 2025 City Council Chamber 1 Civic Center Plaza Irvine, CA 92606 CALL TO ORDER The special meeting of the Irvine City Council was called to order at 3:05 p.m. on February 11, 2025, in the City Council Chamber, Irvine Civic Center, 1 Civic Center Plaza, Irvine, California; Mayor Agran presiding. ROLL CALL Present: 5 Councimember: William Go Councilmember: Melinda Liu Councilmember: Kathleen Treseder Vice Mayor: James Mai Mayor: Larry Agran Absent: 1 Councilmember. Mike Carroll 1. CLOSED SESSION City Attorney Melching announced the following Closed Session items: 1.1 CONFERENCE WITH REAL PROPERTY NEGOTIATORS Government Code $ 54956.8) - Property: 16715-16969 Von Karman Ave. and 2121 Alton Parkway. Agency Negotiators: Oliver Chi, City Manager; Pete Carmichael, Assistant City Manager; Jeffrey Melching, City Attorney; Negotiating Parties: City of Irvine and Von Alton I, LLC; Under Negotiation: Price and Terms of Payment City Council Minutes February 11, 2025 1.2 CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION- INITIATION OF LITIGATION Government Code section 54956.9(d)(4): One case There were no requests to speak. RECESS Mayor Agran recessed the City Council meeting to Closed Session at 3:11 p.m. REÇONVENE TO THE CITY COUNCIL MEETING Mayor Agran reconvened the City Council meeting at 3:35 p.m. City Attorney Melching, on behalf of the City Council, announced that no reportable action was taken in Closed Session. 2. COUNCIL BUSINESS 2.1 OPTION TO PURCHASE REAL PROPERTY AT 16715-16969 VON KARMAN AVENUE AND 2121 ALTON PARKWAY Oliver Chi, City Manager, presented the staff report and responded to questions. Mario Albuquerque, Irvine resident, spoke in support of a pathway to residential development at the proposed project site. City Council discussion included: inquiring about the anticipated purchase price and the rationale behind it; questioned the absence of a guarantee of lower density housing provision; inquired about necessary steps required prior to the proposed option agreement taking effect; discussed financing mechanisms in the event that the option to purchase was exercised; and inquired about the probability of the site developing into a residential project. ACTION: Moved by Mayor Agran, seconded by Vice Mayor Mai, and unanimously carried by those members present Councimember Carroll absent), to: Approve and Authorize the City Manager to Enter Into an Option to Purchase Real Property from Von Alton I, LLC, for the Acquisition of Land at 16715-16969 Von Karman Avenue and 2121 Alton Parkway. (Contract No. 12011) Prepared by the City Clerk's Office 2 City Council Minutes February 11, 2025 ADJOURNMENT Moved by Mayor Agran, seconded by Councilmember Treseder, and unanimously carried by those members present Councilmember Carroll absent), to adjourn the meeting at 3:54 p.m. Ruy hik MAYOROFTHE CITY OF IRVINE March 11, 2025 CITY CLERK OF THE CITY OF IRVINE Prepared by the City Clerk's Office 3