| | | | | | | | Agenda Item - 5.c.
City of Garden Grove
INTER-DEPARTMENT MEMORANDUM
| To: | Scott C. Stiles
| From: | Lisa Kim
| | Dept.: | City Manager
| Dept.: | Economic Development
| | Subject: | Consideration of an Ordinance approving Development Agreement No. DA-002-2016 with Tony Lam and Jennie Do for the construction of a four-story, 10-unit, mixed-use, work-live development at 10641 and 10661 Garden Grove Boulevard and 10662 Pearl Street. (Action Item) | Date: | 6/28/2016 |
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| | | | | | | | OBJECTIVE
To transmit a Planning Commission recommendation for City Council approval of Development Agreement No. DA-002-2016 for the construction of a four-story, 10-unit, work-live, mixed-use development on land consisting of three properties, two located on the north side of Garden Grove Boulevard, west of Nelson Street and one located contiguous to the north side of the Garden Grove Boulevard properties that fronts on the south side of Pearl Street, west of Nelson Street, at 10641 and 10661 Garden Grove Boulevard and 10662 Pearl Street, Garden Grove. |
| | | | | | | | BACKGROUND
On May 19, 2016, the Planning Commission, approved Site Plan No. SP-022-2016 and Conditional Use Permit No. CUP-065-2016, for the construction of a four-story, 10-unit, work-live, mixed-use development in conjunction with the approval of Lot Line Adjustment No. LLA-011-2016 to consolidate the three properties into one. Along with approving the Site Plan, Conditional Use Permit, and Lot Line Adjustment entitlements, the Planning Commission recommended City Council approval of Development Agreement No. DA-002-2016. |
| | | | | | | | DISCUSSION
The proposed Development Agreement provides assurances that the applicant will be guaranteed four years in which to construct the project and the City will receive from the developer a Development Agreement payment. Development Agreement payments are designed to provide benefits to the public in return for an extended period within which to construct the project. If the Development Agreement is approved and becomes effective, the land use entitlements will be valid for four years and the City will receive a Development Agreement payment of $19,160. If the Development Agreement is not approved, the land use entitlements will be valid for one year and the City will not receive any Development Agreement payment. |
| | | | | | | | RECOMMENDATION
The Planning Commission recommends that the City Council:
- Conduct a Public Hearing;
- Introduce and conduct the first reading of the attached Ordinance regarding Development Agreement No. DA-002-2016 for Site Plan No. SP-022-2016, Conditional Use Permit No. CUP-065-2016, and Lot Line Adjustment No. LLA-011-2016; and
- Authorize the City Manager to execute the Agreement, and make minor modifications as appropriate thereto, on behalf of the City if the Ordinance is adopted and becomes effective.
By: Lee Marino, Senior Planner
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