HomeMy WebLinkAbout8031RESOLUTION NO. 8031
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS
APPROVING THE SOCIO-ECONOMIC COST/BENEFIT STUDY FOR THE
LUXVIEW APARTMENTS PROJECT LOCATED ON THE NORTH AND
SOUTH SIDES OF ORANGE AVENUE BETWEEN ALABAMA STREET
AND IOWA STREET
WHEREAS, 1600 Orange, LLC, has filed applications for Amendment No. 45 to
Specific Plan No. 40 (East Valley Corridor Specific Plan), a Socio- Economic Cost/Benefit
Study, Tentative Tract Map No. 20244, and Commission Review and Approval No. 914 for a
328 unit apartment complex located on the north and south sides of Orange Avenue, between
Alabama Street and Iowa Street (APNs: 0292-168-16-0000, 0292-168-21-0000, 0292-168-22-
0000, 0292-168-03-0000 0292-167-08-0000, 0292-167-11-0000, and 0292-167-12-0000, 0292-
167-13-0000, 0292-167-18-0000,and0292-167-25-0000) (the "Project"); and
WHEREAS, on August 29, 2019, notice of the Planning Com nission's public hearing for
the Project was published in the Redlands Daily Facts, and
WHEREAS, at the September 10, 2019, Planning Commission meeting, the Project was
continued to a special Planning Commission meeting on September 30, 2019, at 6:00 PM; and
WHEREAS, on September 30, 2019, the Planuning Commission held a noticed public
hearing at which interested persons had an opportunity to testify in support of, or in opposition
to, the Socio-Economic Cost Benefit Study, and at which the Planning Commission considered
the Project; and
WHEREAS, on September 30, 2019, the Planning Commission recommended to the City
Council that the Socio-Economic Cost/Benefit Study be adopted; and
WHEREAS, a copy of the Socio-Economic Cost/Benefit Study and related materials for
the Project that were reviewed by the City's PIanning Cominission in making its
recommendation have been forwarded to the City Council; and
WHEREAS, on October 2, 2019, notice of the City Couincil's public hearing for the
proposed Project, including the Socio- Economic Cost/Benefit Study, was published in the
Redlands Daily Facts by the City Clerk; and
WHEREAS, the City Council held a duly noticed public hearing on October 15, 2019, at
which interested persons had the opportunity to provide verbal and written testimony on the
Project and Socio-Economic Cast/Benefit Study;
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-
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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 uninitigatable physical blight in the 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 as conditions of approval.
The Project will not create physical blight. The Project is located within an area
designated in the General Plan as Medium Density Residential and provides improvements to
blend in with and enhance the surrounding community through the use of landscaped buffers
along the public right-of-way, residences with architectural enlnanceiment along all public right-
of-ways, the maintenance of open space, and the planting of new trees on the Project site.
Regional public infrastructure has been previously installed for the neighboring streets. The
Project developer will make improvements to facilitate implementation of the Project, including
the widening of roads along the project frontage.
The Project would provide coimnections to existing City infrastructure. Utilities will be
placed underground. The Project developer is required to fund its fair share allocation of any
necessary public infrastructure associated with development of the Project.
As determined ul the Socio-Economic Cost/Benefit Study, annually, the Project will
provide an annual "new net" revenue of S391.119 to the City upon occupancy, and annual
ongoing costs of approximately $237,583. This equates to a revenuc/cost ratio of a positive
factor of 1.61. For every dollar it spends, the City will receive $1.61 n1 revenue.
Because the Project will expand the City's economic base by increasing 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 mainner; and
place an emphasis on design and landscaping, the City finds that the Project will not create
ummitigatable 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, ainlnually, the Project will
generate "new net" revenues of approximately $391,119 and approximately $237,583 in cost and
have a positive balance of $153,535. For every dollar the City spends in providing services to the
Project, the City will receive $1.61 in "new net" revenue.
The Project would provide for the development of three hundred and twenty eight (328)
affordable multi -family units. Schools will be enhanced with the payment of school fees. Further,
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with the additional revenue provided to the City through increased property tax assessment, and
the payment of development unpact fees, indirect funding will be provided for cultural
enhancements, downtown district enhancements, park enhancements, public safety (Police and
Fire) enhancements, and traffic enhancements.
Section 2. Effective Date. This Resolution shall take effect upon adoption.
ADOPTED, SIGNED AND APPROVED this 15"' day of October, 2019.
Foster,Paul W. •
ATTEST:
?011e Donaldson, City Clerk
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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 15th day of
October, 2019 by the following vote:
AYES: Couneilmembers Barich, Tejeda, Moinberger; Mayor Foster
NOES: None
ABSENT: None
ABSTAIN: Councilmember Davis
nne Donaldson, City Clerk