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HomeMy WebLinkAbout7340_CCv0001.pdf RESOLUTION NO. 7340 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS APPROVING THE SOCIO-ECONOMIC COST/BENEFIT STUDY FOR THE DEVELOPMENT OF A PROPOSED WAREHOUSE AND DISTRIBUTION PROJECT WHEREAS, Hillwood Investment Properties has filed an application with the City to construct an approximately 771,839 square foot industrial building that will consist of warehouse distribution uses (the "Project") on 35.59 net acres located north of Lugonia Avenue, cast of California Street and South of Almond Avenue (the "Project Site"), and for which applications for a Planned Development and Parcel Map No. 19496 have been filed with the City of Redlands; and WHEREAS, the City of Redlands' Planning Commission held noticed public hearings on October 22, 2013 and November 12, 2013, and subsequently adopted a motion recommending approval to the City Council of the Socio-Economic/Cost Benefit Study prepared for 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' Planning Commission in making its recommendation of approval have been forwarded to the City Council; and WHEREAS, to facilitate development of the Project, the City Council of the City of Redlands has approved Hillwood Investment Properties' application for Parcel Map No. 19496 which will revert to acreage five(5)parcels comprising the Project Site to one(1)parcel; and WHEREAS, the City Council held duly noticed public hearings on November 19, 2013 and December 3, 2013, at which City staff and members of the public had the opportunity to provide verbal and written testimony on the Socio-Economic Cost/Benefit Study for the Project; 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 approves the Socio- 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 unmitigated physical blight within the City of Redlands ("City") or overburden public services, including without limitation police and fire protection services. The Project consists of the construction of a 771,839 square foot industrial building for warehouse and office uses, utility and circulation infrastructure improvements, physical amenities, site development amenities, and lighting. -I- F,ecle&ResolutionsAes 7300-7399\7340 Socio-Econonne Cost Benefit Study.doc The Project will not create physical blight. The Project's design enhances community connectivity, provides approximately 233,580 square feet (5.36 acres) of site landscaping consisting of the planting of over 330 trees, and increases pedestrian and vehicular connections between the Project Site and the surrounding community. The Project does not conflict with the predominant uses present in the surrounding areas, and provides a development with amenities that blend in with the surrounding community through the use of architectural features (e.g., scale,massing)and landscaping buffers. Although the Project does not require significant regional public infrastructure upgrades for any utility or service, the Project developer will make improvements to facilitate implementation of the Project. These improvements include the widening of roads and signalization of appropriate intersections. The Project developer will also pay transportation impact fees to the City as its fair share of cost of improvements to the roadway system. Additionally, the Project is located in an area that includes existing residential and commercial uses that are served by existing utility and roadway infrastructure. The Project would upgrade water, sewer, and storm drain infrastructure and provide connections 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. The Project when completed will generate a total of approximately 300 permanent new jobs. The Project also provides the City with a net increase in property and sales taxes. As determined in the Socio-Economic Cost/Benefit Study, annually, the Project will provide "new net"revenue of$119,708.60 to the City upon operation, and annual ongoing costs of approximately$31,907.60. This equates to a revenue/cost ratio of a positive factor of 3.75. For every dollar it spends,the City will receive$3.75 in revenue. Because the Project will expand the City's economic base by increasing property and sales tax revenues; provide jobs; provide the infrastructure necessary to meet Project needs in an efficient and cost effective manner; and place an emphasis on design, landscaping and pedestrian amenities, including a Class I bike trail along the project site, in order to bolster a sense of community-, the City finds that the Project will not create 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"revenue of approximately$119,708.60 and approximately$31,907.60 in cost and have a positive balance of$87,801.00. For every dollar the City spends in providing services to the Project,the City will receive$3.75 in"new net"revenue. -2- FCe1erk\Reso1ufiof&xRes 7300-7399\7340 Socio-Economic Cost Benefit Study,doe The Project would provide an industrial building that will include warehouse and office uses, including approximately 233,580 square feet (5.36 acres) of landscaping along street fromages and within the center. Schools will be enhanced with the payment of school fees. Further, with the additional revenue provided to the City through increased property tax assessment, business license tax, sales tax and other revenue services, indirect funding will be provided for cultural enhancements, downtown district enhancements, park enhancements, public safety(Police and Fire) enhancements, and traffic enhancements. The East Valley Corridor Specific Plan calls for conversion of agricultural land to commercial and industrial development. Throughout the City and the County of San Bernardino, agricultural land is continuing to be converted into other land uses as the economic feasibility of fanning in the area decreases. The conversion of agricultural land to alternative uses is representative of the lack of its viability in the region due to the globalization of the industry. Implementation of the Project will bring economic benefits to the City, including an expanded economic base and additional sources of employment, through new permanent jobs and short-term employment related to construction. ADOPTED, SIGNED AND APPROVED this 3rd day of December,2013. A Peter Aguilar, Mayor ATTEST: Sam-Irwin,-6ty)Clerk -3- L',,cc1erkkReso1utions\Rcs 7300-7399\7340 Socio-Economic Cost Benefit Study.doe I, Sam Irwin, 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 December, 2013 by the following vote: APES: Councilmembers Harrison, Foster, Gardner, Gilbreath; Mayor Aguilar NOES: None ABSTAIN: None ABSENT: None Sam Irwin, City Clerk -4- F40eik`tResolutions\Res 7300-7399\7340 Socio-Econot is Cost Benefit Study.doc