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. 7262 Approving a Construction and Credit Agreement by and between the City of Rialto and Caprock Partners LLC, and (2) Adopt Budget Resolution No. 7263 amending the FY17/18 Budget to Appropriate $396,700 from Specified Development Impact Fee Accounts.
(ACTION)
Body
BACKGROUND:
On June 13, 2017 the City Council approved various entitlement applications submitted by Caprock Partners LLC, ("CapRock") to develop a 525,110 square foot distribution facility on a 24.37 acre parcel (PPD #2391) generally located at the northeast corner of Willow Avenue and Santa Ana Avenue (the "Project"). On November 6, 2017, the City Development Review Committee submitted Conditions of Approval for the Project. The Conditions of Approval require Caprock to construct specified off-site improvements ("Off-Site Improvements") including but not limited to:
1. Construction of approximately 465 lineal feet of new curb and gutter improvements along the Riverside Avenue frontage of the Property, including demolition and removal of existing improvements.
2. Construction of approximately 2,325 square feet of sidewalk improvements along Riverside Avenue within the parkway.
3. Relocation of electrical, phone, cable TV, fiber optic, or other dry utility facilities along Riverside Avenue necessitated by the construction of the street improvements.
4. Relocation of two existing fire hydrants.
5. Reconstruction of approximately 150 lineal feet of 24" storm drain and two catch basins on Riverside Avenue.
Section 3.33.100 of the Rialto Municipal Code (Fee Credits) states that:
...if as a condition of approval of a development project a Developer constructs a public facility identified in a Nexus Report for which a development impact fee is imposed, t...
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