TO: LINDA REICH, CITY MANAGER
FROM: HYE JIN LEE, PUBLIC WORKS DIRECTOR
SUBJECT
title
Chino Preserve Development Corporation – Final Map, Subdivision Improvement Agreement, and Development Impact Fee Construction Credit/Reimbursement Agreement for Tract Map No. 16420-8 (Block 8 and a Portion of Block 6), bounded by Pine Avenue to the north, Main Street to the east, Legacy Park Street to the south, and West Preserve Loop to the west.
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RECOMMENDATION
1) Approve Final Tract Map No. 16420-8; 2) approve the Subdivision Improvement Agreement and associated securities with Chino Preserve Development Corporation for Tract Map No. 16420-8; 3) approve a Development Impact Fee Construction Credit/Reimbursement Agreement with Chino Preserve Development Corporation for the construction of master-planned facilities associated with Tract Map No. 16420-8; and 4) authorize the City Manager to execute all necessary documents on behalf of the City.
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FISCAL IMPACT
There is no direct fiscal impact to the City.
CITY OF CHINO MISSION / VISION / VALUES / STRATEGIC ISSUES
The recommendation detailed above will 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:
? Responsible Long-Range Planning
? Public Service Excellence Through Internal & External Partnerships
BACKGROUND
In 2008, the City’s Planning Commission approved an “A” level Master Site Approval and Tentative Tract Map No. 16420 to subdivide 522 acres of land generally located south of Pine Avenue, west of Hellman Avenue, and north and east of Chino Corona Road for what is known as the South of Pine area in The Preserve. An "A" level master site development plan is a preliminary, conceptual plan for a large-scale land development project. The purpose of the original Master Site Approval was to establish large parcels, and phase major backbone street systems for both future residential and non-residenti...
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