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HomeMy WebLinkAbout8096 RESOLUTION NO 8096 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS APPROVING THE SOCIO-ECONOMIC COST/BENEFIT STUDY FOR THE "HERITAGE SPECIFIC PLAN PROJECT" LOCATED ON THE NORTH SIDE OF SAN BERNARDINO AVENUE, SOUTH SIDE OF PIONEER AVENUE, AND WEST SIDE OF TEXAS STREET WHEREAS, Griffin Residential, LLC ("Applicant") has filed applications for its "Heritage Specific Plan Project" which is comprised of General Plan Amendment No 141, Amendment No 45 to Specific Plan No 40 (East Valley Corridor Specific Plan), Specific Plan No 62, and Tentative Tract Map No 20257, and represents the proposed development of a 207- lot single family residential development on the north side of San Bernardino Avenue, south side of Pioneer Avenue, and west side of Texas Street (APNs 0167-091-02-0000, 0167-091-04-0000, 0167-091-05-0000, and 0167-091-08-0000) (collectively, the"Project"), and WHEREAS, on May 1, 2020, notice of the Planning Commission's public hearing for the Project was published in the Redlands Daily Facts, and WHEREAS, on May 12, 2020, the Planning Commission held a noticed public hearing at which interested persons had an opportunity to testify m support of, or in opposition to, the Socio-Economic Cost Benefit Study and recommend approval to the City Council, and WHEREAS, on June 5, 2020, notice of the City Council'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 June 16, 2020, at which interested persons had the opportunity to provide verbal and written testimony on the Project and Socio-Economic Cost/Benefit Study, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDLANDS AS FOLLOWS Section 1 The Socio-Economic Cost/Benefit Study for the Project is hereby approved 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 m the City of Redlands ("City") or overburden public services, including without limitation police and fire 1 11Resolutions\Res 8000 8099\8096 Gnffin Residential Socio Econ Cost Benefit Study docx 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 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 enhancement along all public right-of-ways, decorative fencing and a masonry perimeter wall, the maintenance of open space, and the planting of new trees on the Project site As determined in the Socio-Economic Cost/Benefit Study, annually, the Project will provide an annual "new net" revenue of $265,358 to the City upon occupancy, and annual ongoing costs of approximately $150,892 This equates to a revenue/cost ratio of a positive factor of 1 72 For every dollar it spends, the City will receive $1 72 in revenue Because the Project will expand the City's economic base by increasing property tax revenues, and provide for the development of new housing within the City, provide the infrastructure 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 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 connections to existing City infrastructure Utilities, less than 66KV, 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 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 will generate "new net" revenues of approximately$265,358 and approximately $150,892 in cost and have a positive balance of $114,466 (or ratio +1 72) For every dollar the City spends in providmg services to the Project, the City will receive $1 72 in "new net" revenue The Project would provide for the development of 207 new single family residences Schools will be enhanced with the payment of school fees Further, with the additional revenue provided to the City through increased property tax assessment, and the payment of development impact fees, indirect funding will be provided for cultural enhancements, downtown district enhancements, park enhancements, public safety (Police and Fire) enhancements, and traffic enhancements The applicant has also voluntarily agreed to work with the Cultural Arts Commission to provide public art that reflects the heritage of the City within the project site, funded by the developer at a cost of up to $15,000 This will be reflected as a condition of approval 2 I\Resolutionslites 8000 8099/8096 Griffin Residential Socio Econ Cost Benefit Study docx Section 2 Effective Date This Resolution shall take effect upon adoption ADOPTED, SIGNED AND APPROVED this 16th day of June, 2020 Paul W Foster, Mayor ATTEST J e Donaldson, City Clerk 3 1 1Resolutions\Res 8000-809918096 Griffin Residential Socio-Econ Cost Benefit Study docx I, Jeanne Donaldson, City Clerk of the City of Redlands, hereby certify that the foregoing Resolution was duly adopted by the City Council at a regular meeting thereof, held on the 16th day of June, 2020, by the followmg vote AYES Councilmembers Tejeda, Momberger, Davis, Mayor Foster NOES Councilmember Barich ABSTAIN None ABSENT None iciX/LaAJ Je onaldson, City Clerk 4 I\Resolutions\Res 8000-809918096 Gnffin Residential Socio Econ Cost Benefit Study.docx