For City Council Meeting [July 23, 2019]
TO: Honorable Mayor and City Council
APPROVAL: Rod Foster, City Administrator
FROM: Robb Steel, Assistant CA/Development Services Director
Title
Request City Council to Adopt Resolution No. 7548 Approving a Construction Fee Credit and Reimbursement Agreement by and between the City of Rialto and CDRE Holdings 11, LLC.
(ACTION)
Body
BACKGROUND:
CDRE Holdings 11, LLC, ("Developer") submitted various planning and development applications (PPD 2018-0021 and EAR 2018-0025) to the City to develop a warehouse consisting of a 99,999 square foot building on 5.01 acres of land on the north side of Baseline Road, east of Palmetto Avenue (Assessor Parcel Number 0248-181-32) (the "Project"). The Project Location Map is attached as Exhibit A and the Project Site Plan is attached as Exhibit B).
On September 5, 2018, the Transportation Commission approved the Traffic Study for the Project and set related conditions of approval. On January 23, 2019, the Development Review Committee (DRC) approved the Precise Plan of Design subject to Conditions of Approval (Exhibit C). The Conditions of Approval for the Project require Developer to construct specified off-site improvements in accordance with the Renaissance Specific Plan (Off-Site Improvements) including:
(i) Widening and reconstructing the existing roadway along the Project's frontage on the north side of Baseline Road; and,
(ii) Installing a landscaped raised median along the Project's frontage on Baseline Road and further east to include the frontage of the neighboring church, connecting to the median that Oakmont will construct westerly from Tamarind Avenue (this was a condition imposed by the City of Fontana). The City proposes to grant a priority reimbursement for the cost of the median improvements adjacent to the Project Site.
Developer agreed to construct the Off-Site Improvements subject to a Construction Fee Credit and Reimbursement Agreement (Exhibit D). Section...
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