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HomeMy WebLinkAbout7998RESOLUTION NO 7998 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS APPROVING THE SOCIO-ECONOMIC COST/BENEFIT STUDY FOR TENTATIVE TRACT MAP NO 20065 AND ZONE CHANGE NO 461 WHEREAS, Daniel Buoye has filed an application for Tentative Tract Map No 20065 and Zone Change No 461 with the City of Redlands for the subdivision of approximately 10 44 acres into twenty-nine (29) single-family residential lots and one lettered lot for property located at 1432 E Highland Avenue (the "Project"), and WHEREAS, on May 28, 2019, the City of Redlands' Planning Coininission held a noticed public hearing at which interested persons had an opportunity to testify in support of, or m opposition to, the Project, and WHEREAS, a copy of the Socio -Economic Cost/Benefit Study and related materials for the Project that were reviewed by the City of Redlands Plaimmg Commission m making its recommendations of the approval have been forwarded to the City Council, and WHEREAS, on May 28, 2019, the City of Redlands Planning Commission held a noticed public hearing at which interested persons had an opportunity to testify m support of, or in opposition to, the Project, and WHEREAS, the City Council held duly noticed public hearings on July 16, 2019 and September 3, 2019, at which City staff and members of the public had the opportunity to provide verbal and written testimony on the Socio-Econornic Cost/Benefit Study for the Project, NOW, THEREFORE, be it resolved by the City Council of the City ofRedlands as follows Section 1 The City Council hereby approves the Socio -Economic Cost/Benefit Study for the Project based upon the following findings A The Project will not create significant uninitigatable physical blight m the City or overburden public services, including, without limitation, police and fire protection services, because the mitigation measures for environmental impacts described m the study have been added to the Project as conditions of approval The Project's design enhances the surrounding neighborhood, provides approximately 1/2 acre of landscaped infiltration basin and open space, landscaped parkways along East Highland Avenue, as well as a new storm dram pipe to accept flows from the easterly adjacent parcel The Project does not conflict with the predominant uses present m the surrounding areas, as the Project site abuts established residential developments to the north, west, south, and east Further, the Project provides unprovement that blend m with and enhance the surrounding community through the use of landscaped buffers along the public right- of-way, as well as the maintenance of the landscaped infiltration basin Improvements will be constructed m connection with the development of the Project including new internal streets with landscaped parkways, curb and gutter, sidewalks, and street 1 11 Resolutions\Res 7900 7999/7998 SECB for TTM20065 docx lights, as well as the construction of drainage and storm water facilities to support the Project The Project will upgrade water, sewer, and storm dram infrastructure and provide connections to existing City mfrastructure Utilities will be placed underground The Project developer is required to fund its fair share allocation of any necessary public mfrastructure associated with development of the Project As determined m the Socio -Economic Cost/Benefit Study, the Project will provide an annual "new net" revenue of twenty four thousand seven hundred sixty six dollars ($24,766) to the City upon occupancy, and annual ongoing costs of approximately twenty six thousand seven hundred forty eight dollars ($26,748) This equates to a revenue/cost ratio of a positive factor of 1 93 For every dollar it spends, the City will receive one dollar ninety three cents ($1 93) in revenue Because the Project will expand the City's economic base by increasing property tax revenues, and provide for the development of new housmg within the City, provide the mfrastructure necessary to meet Project needs m an efficient and cost effective manner, and place an emphasis on design and landscaping, the City finds that the Project 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, the Project will generate "new net" revenues of twenty four thousand seven hundred sixty six dollars ($24,766) to the City upon occupancy, and annual ongoing costs of approximately twenty six thousand seven hundred forty eight dollars ($26,748) This equates to a revenue/cost ratio of a positive factor of 1 93 For every dollar it spends, the City will receive one dollar ninety three cents ($1 93) m revenue Further, the Project would provide for the development of twenty-nme (29) residential lots and landscaped buffers along the public right-of-way Schools will be enhanced with the payment of school fees Further, with the additional revenue provided to the City through increased property taxes, and the payment of development impact fees, direct and mdirect 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 3rd day of September, 2019 ATTEST Donaldson, City Clerk 2 I 1Resolutions\Res 7900 7999\7998 SECB for TTM20065 docx aul W Foster, Mayor 1, 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 meeting thereof held on the 3rd day of September, 2019, by the following vote AYES Councilmembers Barich, Tejeda, Momberger NOES Councilmember Davis, Mayor Foster ABSENT None ABSTAIN None 3 1 1Resolutions\Res 7900-7999\7998 - SECS for TTM20065 docx Donaldson, City Clerk