IRVINE — The City Council on Tuesday night approved an agreement requiring a developer of homes near the Orange County Great Park to, among other things, provide $40.5 million in funding over the next six years to the city.
The agreement, approved by a 4-1 vote, also allows Aliso Viejo-based Heritage Fields El Toro LLC — developer of Great Park Neighborhoods, a nearly 4,900-home project that will ring the Great Park by 2013 — to speed up construction of park and neighborhood infrastructure, build two hotels and a $5-million joint welcome center for the park and neighborhoods.
FOR THE RECORD:
An earlier version incorrectly said Heritage Field El Toro LLC was required to build. The vote just allows them to do so.
Councilman Larry Agran cast the lone dissenting vote.