1 City Council
Item 7.2
March 7, 2023
Otay Ranch Village 2
Development Agreement
Amendment
VILLAGE TWO - LOCATION
OTAY
LANDFILL
HERITAGE RD.
LA MEDIA RD.
OTAY RANCH VILLAGE 3
EXHIBIT A – ORIGINAL OWNERSHIP
2014 – OWNERSHIP LIST
VILLAGE II of OTAY HB SUB, GP
OTAY RANCH II SUN 12, LLC
OTAY RANCH VILLAGE II-PC-15, LLC
VILLAGE II of OTAY, LP
SUNRANCH CAPITAL PARTNERS, LLC
MONTECITO VILLAGE, LLC
2014 – OWNERSHIP LIST 2023 – OWNERSHIP LIST
VILLAGE II of OTAY HB SUB, GP VILLAGE II of OTAY HB SUB, GP OTAY RANCH II SUN 12, LLC V2 COMMERCIAL, LLC
OTAY RANCH VILLAGE II-PC-15, LLC V2 N IND 1(b), LLC
VILLAGE II of OTAY, LP VILLAGE II of OTAY, LP
SUNRANCH CAPITAL PARTNERS,
LLC
SUNRANCH CAPITAL PARTNERS,
LLC
MONTECITO VILLAGE, LLC V2 MIXED USE, LLC
BALDWIN & SONS, LLC
R25A TOWNHOMES, LLC
R25A FLATS, LLC
R-12 A, LLC
R-12 B, LLC
EXHIBIT A – UPDATED OWNERSHIP
EXHIBIT B – 2014 PROPERTIES OWNED
OTAY
LANDFILL
HERITAGE RD.
LA MEDIA RD.
EXHIBIT B – 2023 PROPERTIES OWNED
OTAY
LANDFILL
HERITAGE RD.
LA MEDIA RD.
EXHIBIT F - PARCELS SUBJECT TO FEES
Neighborhood 2014 2023
R-4B(a) 111 111
R-4B(b) 275 275
R-8C 51 --
R-9B -- 21
R-12 600 600
R-16B 17 17
R-17B(a) 34 33
EXHIBIT F - PARCELS SUBJECT TO FEES
Neighborhood 2014 2023
R-17B(b) 95 78
R-18A(b) 24 --
R-18A(c) -- 18
R-18B(b) 5 --
R-19B 39 39
R-20 80 79
R-21A -- 15
EXHIBIT F - PARCELS SUBJECT TO FEES
Neighborhood 2014 Units 2023 Units
R-21B 53 53
R-23 93 93
R-24 59 59
R-25A 330 330
R-27 175 175
R-31 25 21
MU-1 38 31
EXHIBIT F - PARCELS SUBJECT TO FEES
Neighborhood 2014 Units 2023 Units
MU-2 50 93
MU-3 90 61
C-1 235 277
TOTAL 2,479 2,479
TOTAL FEES & EXTRAORDINARY CONTRIBUTION FROM UNITS:
$7,810,000
RECOMMENDATION
Place on first reading an Ordinance
approving the First Amendment to the
Otay Ranch Village Two Development
Agreement.