TO: LINDA REICH, CITY MANAGER
FROM: WARREN MORELION, AICP, DIRECTOR OF DEVELOPMENT SERVICES
SUBJECT
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Accept the Annual Monitoring Report and approve issuance of the Certificate of Agreement Compliance for the Falloncrest Development Agreement.
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RECOMMENDATION
Authorize the City Manager, or their designee, to issue a Certificate of Agreement Compliance for the Falloncrest Development Agreement.
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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:
* Positive City Image
* Responsible Long-Range Planning
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Expenditure:
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BACKGROUND
On July 6, 2021, Loyola Properties and the Pietersma Family Trust, referred to as Falloncrest, (Developers) entered into a Developmental Agreement (DA) with the City. The DA was executed to vest certain land use entitlements so that the Developers could improve/develop the property generally located on Pine Avenue bounded by West and East Preserve Loop Roads. In total, the property in question is approximately 100 acres, and at the time of the DA's approval, operated as a dairy.
At full buildout, the Falloncrest at the Preserve Master Plan will facilitate the development of up to 1,139 residential units and 155,194 square feet of commercial uses.
ISSUES/ANALYSIS
The DA has been in place for a little over two years, and pursuant to Article 12, the DA calls for an annual review of DA terms and conditions, along with the production of an Annual Monitoring Report (AMR). The AMR is intended to demonstrate the Developers' compliance with specific DA terms. These conditions encourage the development's progress to the City's benefit. All applicable terms and conditions are identified in...
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