TO: MAYOR AND CITY COUNCIL MEMBERS, CITY OF CHINO
FROM: SWATI MESHRAM, PHD, AICP, DIRECTOR OF DEVELOPMENT SERVICES
SUBJECT
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Falloncrest Development Agreement Annual Monitoring Report and Issuance of Certificate of Agreement Compliance.
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RECOMMENDATION
1) Certify that Falloncrest is in compliance with the requirements of the 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 July 6, 2021, Loyola Properties and the Pietersma Family Trust, referred to as Falloncrest (“Owners”) entered into a Development Agreement with the City. The Development Agreement was executed to vest certain land use entitlements so that the Owners could successfully improve and develop the property generally located on the north side of Pine Avenue, between East and West Preserve Loop Roads. In total, the property encompasses approximately 100 acres.
To date, two of the three phases of the Falloncrest at The Preserve Master Plan are built or under construction. The final phase is located in the center of the site and is currently being marketed to residential and commercial builders by the Owners. The Owners have also submitted proposed amendments to the General Plan and The Preserve Specific Plan to facilitate development of the final phase, which are scheduled to be considered by the City Council at a future meeting. The proposed amendments would reduce the allowable residential density within Phase 3 by changing the existing CC30 (Community Core, 30 dwelli...
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