For City Council Meeting [June 12, 2018]
TO: Honorable Mayor and City Council
APPROVAL: Robb R. Steel, Interim City Administrator
Title
Request City Council to set a Public Hearing for June 26, 2018 for Development Agreement No. 2018-0001 by and between the City of Rialto and Oakmont El Rivino, LLC.
Body
BACKGROUND:
California Government Code (Section 65864 et. seq.) and the City of Rialto Municipal Code (RMC Section 18.79) authorize the negotiation and approval of Development Agreements. Development agreements eliminate uncertainty with respect to the development process and promote more orderly and efficient development, thereby improving the local economy. The City wishes to grant such certainty to induce for development that creates jobs and public revenues. Development agreements typically vest certain land use entitlements, fix development impact fees, and specify conditions of approval in exchange for consideration that includes higher development impact fees, expanded public improvements, or accelerated development.
PDC OC/IE, LLC, a Delaware limited liability company, has requested a Development Agreement for the Rialto Fulfillment Center ("Project"). Oakmont El Rivino LLC is the Owner. PDC OC/IE, LLC submitted various development applications on behalf of the Owner.
The Project consists of the development of a 1,264,102 sq. ft. warehouse building and a 988,765 sq. ft. warehouse building generally located at the Northwest corner of Cactus Avenue and El Rivino Rd ("Site") within the Light Industrial (M-1) Zone of the Rialto General Plan. The Site Plan is attached hereto as Exhibit A.
Staff will explain the terms of the Development Agreement in the staff report prepared for the public hearing.
ANALYSIS/DISCUSSION:
The City will notice the public hearing as required by Section 65090-65092 of the Government Code as follows:
* The City will publish notice in a newspaper of general circulation at least 10 days prior to the public hearing;...
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