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HomeMy WebLinkAbout7704 RESOLUTION NO 7704 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS APPROVING THE SOCIO-ECONOMIC COST/BENEFIT STUDY FOR THE DEVELOPMENT OF AN EIGHTY (80) UNIT AFFORDABLE APARTMENT COMPLEX FOR VETERANS AND THEIR FAMILIES, INDIVIDUALS WITH SPECIAL NEEDS, AND LOW INCOME FAMILIES WHEREAS, Redlands Supportive Housing, L P has filed an application for Conditional Use Permit No 1045 with the City for a construction of an eighty(80) unit affordable apartment complex for veterans and thea families, individuals with special needs, and low income families on approximately 4 72 acres, situated on the southwest cornea of Texas Street and Lugonia Avenue (APN 0169-021-19), and for which an application far Zone Change No 448, and a request for a density bonus and incentive/concession agreement fol the construction of very low and low income housing to allow for a density increase of 14 percent (i e an additional 10 units, for a total of 80), and concessions to reduce the open space dimension requirements and separation iequirements between buildings and carports has been filed with the City of Redlands ("the Project"), and WHEREAS, on January 24, 2017, the City of Redlands' Plan nn-ig Commission held a noticed public heart ing at which inter ested persons had an opportunity to testify in support of, of in opposition to, the Conditional Use Permit and at which the Plaiulnlg Conunission considered the Conditional Use Permit, and WHEREAS, a copy of the Socio-Economic Cost/Benefit Study and ielated materials for the Project that were ieviewed by the City of Redlands' Plaiuung Commission in making its recoirunendation of the approval have been forwarded to the City Council, and WHEREAS, the City Council held a duly noticed public hearing on Septembei 19, 2017, at which City staff and members of the public had the opportunity to provide verbal and written testimony on the Socio-Economic Cost/Benefit Study for the Project, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDLANDS AS FOLLOWS SECTION 1 The City Council of the City of Redlands herby approved the Socio- Economic Cost/Benefit Study for the Project based upon the following findings A THE PROJECT WILL NOT CREATE UNMITIGATED PHYSICAL BLIGHT WITHIN THE CITY OR OVERBURDEN PUBLIC SERVICES INCLUDING, WITHOUT LIMITATION, THE SUFFICIENCY OF POLICE AND FIRE PROTECTION SERVICES The Project will not create significant un mitigatable physical blight in the City of Redlands ("City") or oveiburden public services, including without limitation police and fire protection services, because the mitigation measures for enviiorunnental rinpacts, described in the study, have been added to the project as Conditions of Approval The Project consists a Zone -1- I 1cc1erk\Reso1utions\Res 7700-779917704- Socio-economic costbenefit study doc Change, Conditional Use Permit, and a density bonus and incentive/concession agreement for the construction of very low and low income housing to allow for a density increase of 14 percent (i e an additional 10 units, for a total of 80), and concessions to reduce the open space diinension iequiremeints, and separation requirements between buildings and carports on approximately 472 The Project will not create physical blight The Project, which abuts established residential developments to the south, north, and east, is located within an area designated in the Geneial Plan as Medium Density Residential and provides improvements to blend in with and enhance the surrounding coimimunity through the use of landscaped buffers along the public right-of-way, residences with architectural einhancement along all public right-of-ways, the maintenance of open space, and the planting of new trees on the Project site Regional public infi-astructuie has been previously installed foi the neighboring streets The Project developer will snake improvements to facilitate implementation of the Project, including the widening of roads along the pioject fiontage The Project would upgrade water, sewer, and storm drain infrastructure and provide connections to existing City infrastructure Utilities will be placed undeigiound The Project developei is required to fund its fan share allocation of any necessary public infrastructure associated with development of the Project As determined in the Socio-Economic Cost/Benefit Study, annually, the Project will provide an annual "new net" revenue of $69,876 70 to the City upon occupancy, and aiuival ongoing costs of approximately $54,830 10 This equates to a ievenue/cost ratio of a positive factor of 127 Foi every dollar it spends, the City will receive $127 in revenue Because the Pioject will expand the City's economic base by incieasilg property tax revenues, and provide for the development of new affordable housing within the City, provide the infrastructure necessary to meet Project needs in an efficient and cost effective maturer, and place an emphasis on design and landscaping, the City finds that the Project will not create ummitigatable physical blight within the City of overburden public services, including without limitation police and fire protection services B THE BENEFITS TO THE CITY RESULTING FROM DEVELOPMENT OF THE PROJECT OUTWEIGH ANY DIRECT COST TO THE CITY THAT MAY RESULT The Socia-Economic Cost/Benefit Study demonstrates that, annually, the Project will geneiate "new net"revenues of approximately $69,876 70 and approximately $54,830 10 in cost and have a positive balance of 516,510 80 For every dollai the City spends in providing services to the Project, the City will receive $1 27 in "new net"revenue The Project would provide for the development of eighty (80) affordable multi-family units, landscaped buffers along the public right-of-way Schools will be enhanced with the payment of school fees Further, with the additional ievetnue provided to the City through increased property tax assessment, and the payment of development impact fees, direct and -2- I lcclerk lResolutzons\Res 7700-779917704- Socio-economic costbenefit study doc indirect funding will be provided for cultural enhancements, downtown district enhancements, park enhancements, public safety (Police and Fire) enhancements, and traffic enhancements ADOPTED, SIGNED AND APPROVED this 1951 day of September, 2017 aul W Foster, Mayor ATTEST nne Donaldson, City Clerk -3- T 1cclerk\Resolutions\Res 7700-779917704-Socio-economic costbenefit study doc 1, Jeanne Donaldson, City Clerk of the City of Redlands, hereby certify that the foregoing resolution was adopted by the City Council at a regular meeting thereof held on the 19t' day of September, 2017 by the following vote AYES Councilmembers Harrison and Barich, Mayor Foster NOES Councihmernbers Gilbreath and Tejeda ABSTAIN None ABSENT None J 1e Donaldson, City Clerk