For City Council Meeting [December 12, 2017]
TO: Honorable Mayor and City Council
APPROVAL: Michael Story, City Administrator
FROM: Robb Steel, Assistant CA/Development Services Director
Title
Request City Council to (1) Adopt Resolution No. 7264 Approving a Construction Fee Credit and Reimbursement Agreement by and between the City of Rialto and Lewis-Hillwood Rialto Company LLC, and (2) Adopt Budget Resolution No. 7265 amending the FY17/18 Budget to Appropriate $14,550,000 from Various Development Impact Fee Accounts.
(ACTION)
Body
BACKGROUND:
On December 13, 2016, the City Council approved various entitlement applications submitted by Lewis-Hillwood Rialto Company LLC, (LHR) to develop industrial buildings within Planning Area 108 and a retail center on Planning Areas 101 and 104 (the "Project(s)"). LHR acquired approximately 52 acres and developed a 615,000 square foot distribution facility now occupied by Amazon (PPD # 2503/2017-0053). LHR also acquired a 59 acre parcel for development of an 855,000 square foot distribution facility (PPD #2017-0051) under construction. Finally, LHR acquired approximately 59 acres for development of the 430,000 square foot Renaissance Marketplace shopping center (PPD # MC2017-006) under construction.
The City Development Review Committee imposed conditions of approval for each of these projects. The Conditions of Approval for the Projects require LHR to construct specified off-site improvements ("Off-Site Improvements") including but not limited to:
(i) Constructing or reconstructing the existing and future roadways along the Project's frontages on Linden Avenue and Renaissance Parkway in accordance with the street sections illustrated in the Renaissance Specific Plan;
(ii) Constructing a raised center median with landscaping along Renaissance Parkway in accordance with the street sections illustrated in the Renaissance Specific Plan;
(iii) Constructing storm drainage improvements, including Lines A and B as...
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