For City Council Meeting [June 26, 2018]
TO: Honorable Mayor and City Council
APPROVAL: Robb R. Steel, Interim City Administrator
Title
Request City Council to Conduct the Public Hearing to introduce for first reading Ordinance No. 1603 for Development Agreement No. 2018-0001 by and between the City of Rialto and Oakmont El Rivino, LLC entitled: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF RIALTO, CALIFORNIA, APPROVING DEVELOPMENT AGREEMENT NO. 2018-0001 BY AND BETWEEN THE CITY OF RIALTO AND OAKMONT EL RIVINO, LLC AND MAKING CERTAIN FINDINGS THEREIN RELATED TO THE PROPOSED CONSTRUCTION OF 2,252,867 SQUARE FEET OF DISTRIBUTION WAREHOUSE FACILITIES LOCATED ON A 122.7+/- ACRE SITE, NORTH OF EL RIVINO ROAD AND WEST OF CACTUS AVENUE IN THE M-1 (LIGHT INDUSTRIAL) ZONE OF THE CITY OF RIALTO." Reading by title only and waving further reading thereof.
(ACTION)
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 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 buildin...
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