TO: MAYOR AND CITY COUNCIL MEMBERS, CITY OF CHINO
FROM: FRED GALANTE, CITY ATTORNEY
SUBJECT
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Option to Ground Lease Orange County Flood Control District Property.
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RECOMMENDATION
recommendation
That the City Council Approve the Option Agreement with Orange County Flood Control District and form Ground Lease for a 65-year lease of open space land for recreational and open space uses.
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FISCAL IMPACT
The Option is provided to the City at the option price of $1. If the option is exercised, the ground lease is provided at no cost to the City. Any costs of improving the leased land would have to be separately analyzed depending on the City's desired uses thereon.
CITY OF CHINO MISSION / VISION / VALUES / STRATEGIC ISSUES
The recommendation detailed above further the City's values and strategic issues that serve as key pillars on which identified priorities, goals, and action plans are built, by fostering:
* Positive City Image
* Financial Stability
* Responsible Long-Range Planning
* Public Service Excellence through Internal and External Partnerships
Revenue:
Expenditure:
Transfer In:
Transfer Out:
BACKGROUND
The opportunity to ground lease the eight parcels shown below ("Properties") from Orange County Flood Control District (OCFCD) originated from a condition of approval imposed by the City on the Majestic Chino Heritage (Majestic) project encompassing a 97-acre industrial project located at the southeast corner of Mountain and Bickmore Avenues.
The parcels that account for the Majestic project site were acquired by OCFCD between 2001 and 2011 for flood capacity purposes because, under existing conditions, most of the project site is below the Prado Dam 566-foot flood inundation line, which limits development of habitable structures. Prior to acquisition, the Majestic project site was an operating dairy, which ceased operations between 2013 and 2014. Subsequently, OCFCD identified the property for development and released a request...
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