HomeMy WebLinkAbout7984RESOLUTION NO. 7984
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS
APPROVING THE SOCIO-ECONOMIC COST/BENEFIT STUDY FOR THE
15,250 SQUARE FOOT EXPANSION OF AN EXISTING SHOPPING
CENTER ON A 1.9 ACRE SITE IN THE TC (TOWN CENTER) DISTRICT OF
THE DOWNTOWN SPECIFIC PLAN.
WHEREAS, Property One, LLC, has submitted applications for Conditional Use Permit
No. 905 Revision 4, Variance 802, and Street Vacation No. 169 (collectively referred to herein
as the "Project Entitlements") to revise an approved entitlement for an existing 88,075 square -
foot corninercial center on 10.42 acres to accommodate the proposed development of a 15,250
square -foot expansion consisting of two coinznercial buildings; and
WHEREAS, the proposed expansion will occupy 1.9 acres located on the west side of
Eureka Street and the south side of West Stuart Avenue, in the Town Center (TC) District of the
Downtown Specific Plan (APNs: 0169-271-21-0000, 0169-271-52-0000, 0169-271-47-0000, and
0169-271-58-00.00); and
WHEREAS, on May 28, 2019, the City of Redlands' Planning Cozninission held a
noticed public hearing at which interested persons had an opportunity to testify in support of, or
in opposition to, the Project Entitlements and at which the Planning Comimission considered the
Project Entitlements; and
WHEREAS, a copy of the Socio-Economic Cost/Benefit Study and related materials for
the Project Entitlements that were reviewed by the City of Redlands' Planning Commission in
snaking its recommendation of the approval have been forwarded to the City Council; and
WHEREAS, the City Council held a duly noticed public hearing on June 18, 2019, 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 Entitlements;
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 hereby approves the Socio-
Econonuc Cost/Benefit Study for the Project Entitlements 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 unmitigatable physical blight ux the City of
Redlands ("City") or overburden public services, including without limitation police and fire
protection services, because the mitigation measures for environmental impacts, described in the
study, have been added to the Project Entitlements as Conditions of Approval. The Project
A-
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Entitlements consist of Conditional Use Permit No. 905 Revision 4, Variance 802, and Street
Vacation No. 169 for the 15,250 square foot expansion of the Packing House District shopping
center on a 1.9 acre site in the TC (Town Center) District of the Downtown Specific Plan.
As determined in the Socio-Economic Cost/Benefit Study, annually, the Project
Entitlements will provide an annual "new net" revenue of $32,105 to the City upon occupancy,
and annual ongoing costs of approximately $8,925. This equates to a revenue/cost ratio of a
positive factor of 3.6. For every dollar it spends, the City will receive $3.60 in revenue.
Because the Project Entitlements will expand the City's economic base by increasing
property and sales tax revenues, and provide for the development of new jobs within the City;
provide the infrastructure necessary to meet Project needs in an efficient and cost effective
manner; and place an emphasis on design and landscaping, the City finds that the Project
Entitlements will not create unmitigatable physical blight within the City or 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 Socio-Economic Cost/Benefit Study demonstrates that, annually, the Project Entitlements
will generate "new net" revenues of approximately $32,105 to the City upon occupancy, and
annual ongoing costs of approximately $8,925. This equates to a revenue/cost ratio of a positive
factor of 3.6. For every dollar it spends, the City will receive $3.60 in revenue.
The Project Entitlements would provide for the expansion of an existing shopping center.
Further, with the additional revenue provided to the City through increased sales taxes, and the
payment of development impact fees, direct and 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 18t' day of June, 2019.
Paul W. Foster, Mayor
ATTEST:
J e Donaldson, City Clerk
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I, Jeanne Donaldson, City Clerk of the City of Redlands, do hereby certify that the foregoing
Resolution was duly adopted by the City Council at a regular ineeting thereof held on the 18''
day of June, 2019 by the following vote:
AYES: Councilmembers Barich, Tejeda, Momberger, Davis; Mayor Foster
NOES: None
ABSENT: None
ABSTAIN: None
cv""-4�
Je2�rWe Donaldson, City Clerk
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