HomeMy WebLinkAbout8231RESOLUTION NO 8231
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS
ADOPTING A SOCIO-ECONOMIC COST/BENEFIT STUDY FOR THE
MOUNTAIN VIEW INDUSTRIAL PROJECT LOCATED AT THE NORTHEAST
CORNER OF MOUNTAIN VIEW AVENUE AND INTERSTATE 10
WHEREAS, Duke Realty, LP ("Applicant") has filed applications for a Socio-Economic
Cost/Benefit Study and a Planned Development subdivision (together, the "Project"), and to
construct two industrial warehouse buildings located at the northeast corner of Mountain View
Avenue and Interstate 10 in the Special Development (EV/SD) District of the East Valley Corridor
Specific Plan
WHEREAS, on May 11, 2021, 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 Socio-
Economic Cost/Benefit Study for the Project, and at which the Planning Commission subsequently
recommended adoption to the City Council, and
WHEREAS, on June 24, 2021, notice of the City Council's public hearing for the 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 July 6, 2021, at which
interest persons had the opportunity to provide verbal and written testimony on the Socio-Economic
Cost/Benefit Study for the Project; and
WHEREAS, the City Council continued the public hearing to July 20, 2021,
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 in 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 as conditions of approval for the Project.
The Project is located within an area designated in the General Plan as Commercial/Industrial
and provides improvements to blend in with and enhance the surrounding community
through the use of landscaped buffers and architectural enhancements along the public right -
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of -way, fencing, 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 approximately one hundred seventy thousand six hundred
seventy four dollars ($170,674) to the City upon occupancy, and annual ongoing costs of
approximately eighty nine thousand three hundred seventeen dollars and seventy cents
($89,317 70) This equates to a revenue/cost ratio of a positive factor of 1 91 For every
dollar it spends, the City will receive one dollar and ninety one cent ($1 91) in revenue
Because the Project will expand the City's economic base by increasing property tax
revenues, provide the infrastructure necessary to meet Project needs in an efficient and cost
effective matters, and place an emphasis on design and landscaping, the City finds that the
Project will not create unmitigated 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 will
generate "new net" revenues of approximately one hundred seventy thousand six hundred
seventy four dollars ($170,674) and approximately eighty nine thousand three hundred
seventeen dollars and seventy cents ($89,317 70) in cost and have a positive balance of
eighty one thousand three hundred fifty six dollars ($81,356) (or ratio +1 91) For every
dollar the City spends in providing services to the Project, the City will receive $1 91 m "new
net" revenue The Project includes the construction of a two mdustnal buildings totalmg four
hundred twenty thousand nine hundred thirty seven (420,937) square feet, and related on -site
improvements such as off-street parking, hghtmg, and landscaping, additionally, the
developer will be responsible for construction of a portion of the Orange Blossom Trail
Further, with the additional revenue provided to the City through increased property tax
assessment, and the payment of development impact fees, direct and indirect funding will be
provided for cultural enhancements, downtown distract enhancements, park enhancements,
public safety (Police and Fire) enhancements, and traffic enhancements
Section 2. Effective Date This Resolution shall become effective upon adoption
ADOPTED, SIGNED AND APPROVED t : ' • . of July, 2021
Paul T Banch, Mayor
ATTEST
e Donaldson, City Clerk
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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 20t1i day
of July, 2021
AYES
NOES
ABSENT
ABSTAINED None
Councilmembers Foster, Tejeda; Mayor Banch
Councilmembers Davis, Guzman -Lowry
None
nne Donaldson, City Clerk
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