City of Lake Forest Opportunities Study Implementation (2008-2011)
N/AOUTCOME: Finalized five major development agreements covering 700 acres
Smith led the Best Best & Krieger team that negotiated and finalized in 2010 five major development agreements covering 700 acres of land near the former El Toro Marine Corps Air Station. Smith and hi ... s team negotiated agreements with the longtime landowners, the city and Orange County to rezone the land from industrial/commercial to residential/mixed use, bringing nearly $100 million of benefit to the city in the form of funding for a sports park, civic center, transportation parkway and other needed infrastructure. The project included transfer of a community facilities district and transportation tax funding from the county to the city to fund a major regional arterial access as part of the project. Smith oversaw an update of all city public construction documents in anticipation of the public projects.
