HomeMy WebLinkAbout8182RESOLUTION NO. 8182
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS
APPROVING THE SOCIO-ECONOMIC COST/BENEFIT STUDY FOR THE
CASA LOMA RESIDENCES PROJECT LOCATED AT 1205-1219 NORTH
UNIVERSITY STREET
WHEREAS, Dynamic Redlands, LLC ("Applicant") has filed applications for a Socio-
Economic Cost Benefit Study, General Plan Amendment No. 139, Zone Change No. 462,
Conditional Use Permit No. 1096, Commission Review and Approval No. 927, and Tentative Tract
Map No. 20162 for a 147-unit multi -family residential development located on a 5.7-acre parcel
of property located at 1205-1219 North University Street (APNs: 1212-371-01-0000, 1212-371-
05-0000, 1212-371-06-0000, 1212-371-07-0000, 1212-371-08-0000, 1212-371-09-0000, 1212-
371-10-0000, 1212-371-11-0000, 1212-371-12-0000, 1212-371-13-0000, 1212-371-14-0000,
1212-371-15-0000, 1212-371-16-0000, 1212-371-17-0000, 1212-371-18-0000, 1212-371-19-
0000, and 1212-371-20-0000) (collectively, the "Project"); and
WHEREAS, on December 16, 2020, the Planning Commission held a noticed public
hearing at which interested persons had an opportunity to testify in support of, or in opposition to,
the Project, including the Socio-Economic Cost Benefit Study, and subsequently recommended
approval of the same to the City Council; and
WHEREAS, on March 25, 2021, 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 April 6, 2021, 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 umnifigatable 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.
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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
high -quality architectural enhancement along all public right-of-ways, decorative fencing and a
masonry perimeter wall, and private and common open space that exceeds minimum Municipal
Code requirements, including a variety of on -site amenities.
As determined in the Socio-Economic Cost/Benefit Study, annually, the Project will
provide an annual "new net" revenue of $153,543 to the City upon occupancy, and annual ongoing
costs of approximately $107,595. This equates to a revenue/cost ratio of a positive factor of 1.43.
For every dollar it spends, the City will receive $1.43 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 in an
efficient and cost effective manner; and place an emphasis on design and landscaping, the City
finds that the Project will not create umnitigatable 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 $153,543 and approximately $107,595 in cost and
have a positive balance of $45,947 (or ratio +1.43). For every dollar the City spends in providing
services to the Project, the City will receive $1.43 in "new net" revenue. The Project would provide
for the development of 147 new multi -family residential units. 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.
Section 2. Effective Date. This Resolution shall take effect upon adoption.
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ADOPTED, SIGNED AND APPROVED this 6th day of
ATTEST:
Ole"- 4—�--
e Donaldson, City Clerk
April, 2021
Paul T. Barich, Mayor
L•1Reso]utions\Res 8100-8199\8182 Casa Loma Socio-Econ Cost Benefit Study.docx
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 meeting thereof held on the 6th day
of April, 2021, by the following vote:
AYES: Councilmembers Davis, Foster, Guzman -Lowery, Tejeda; Mayor Barich
NOES: None
ABSENT: None
ABSTAIN: None
e Donaldson, City Clerk
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