TO: MAYOR AND CITY COUNCIL MEMBERS, CITY OF CHINO
FROM: SWATI MESHRAM, PHD, AICP, DIRECTOR OF DEVELOPMENT SERVICES
SUBJECT
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Lewis Companies Development Agreement Annual Monitoring Report and Issuance of Certificate of Agreement Compliance.
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RECOMMENDATION
1) Certify that Chino Development Corporation, Chino Preserve Development Corporation, and Chino Holding Company, LLC are in compliance with the requirements of the Amended and Restated Development Agreement; 2) approve the issuance of a Certificate of Compliance; and 3) authorize the Director of Development Services to sign the Certificate of Compliance.
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FISCAL IMPACT
There is no fiscal impact.
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:
? Responsible Long-Range Planning
Revenue:
Expenditure: Transfer In: Transfer Out: BACKGROUND
On June 6, 2023, the City entered into an Amended and Restated Development Agreement (“Development Agreement”) with three entities of the Lewis Operating Company known as Chino Development Corporation, Chino Preserve Development Corporation, and Chino Holding Company, LLC (collectively, “Owners”). The Development Agreement was executed to help guide the orderly development of The Preserve, which was envisioned as a master planned residential and commercial community. Further, the Development Agreement set out the terms and conditions for development on Owners’ property and established the rights and obligations of Owners and the City during the course of development.
The Amended and Restated Development Agreement supersedes the prior development agreement between the parties, entered into in June 2004, and amended several times (collectively, “Original DA”). At the time of the Original DA approval, Owners owned or controlled 1,125 of the approximately...
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