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2011-36 RESOLUTION NO. 11- 36 low A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND TERRACE APPROVING THE WAIVER OF ARTERIAL IMPROVEMENT FEES FOR PHASE 1 OF BARTON PLAZA DUE TO THE POSITIVE ECONOMIC IMPACT OF THE PROJECT TO THE CITY WHEREAS, on July 14, 2011, the Planning Commission adopted a resolution recommending that the City Council approve the Barton Plaza commercial project, including General Plan Amendment 11-01, Zone Change 11-01, and Specific Plan Amendment 11-01; and WHEREAS, on July 26, 20011, the City Council adopted the Resolution for Approval of General Plan Amendment 11-01 for Barton Plaza and moved to a second reading an ordinance to adopt a zone change and specific plan amendment for the project; and WHEREAS, on August 8, 2011, the City Council held the second reading of the ordinance to adopt Zone Change 11-01 and the Specific Plan Amendment 11-01, and WHEREAS, the Barton Plaza commercial project entails the development of a 39,500 square foot commercial center on 3.6 acres and encompasses the 14,386 square feet 4W of vacated Britton Way , and WHEREAS, Phase 1 of Barton Plaza will include new construction of a 14,820 square foot drug store, requiring an Arterial Improvement Fee of approximately $141,147.75; and WHEREAS, the total Development Impact Fees for Phase 1 and Phase 2 of the project to be collected by the City are estimated at approximately $316,000.00; and WHEREAS, the project provides public improvements and achieves economic development goals of the City Council. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF GRAND TERRACE DOES HEREBY RESOLVE AS FOLLOWS 1. The City Council hereby finds that the waiver of the Arterial Improvement Fee for Phase 1 of Barton Plaza is in the short and long term economic interest of the City due to the new services the project provides to the community, new sales tax and property tax revenue, new public improvements, and by encouraging additional development in the area. 2. The City Council hereby waives the Arterial Improvement Fee for Phase 1 of Barton Plaza, not to exceed $141,147.75. Page 1 of 2 1M' Page 2, Resolution 11- 36 PASSED AND ADOPTED by the City Council of the City of Grand Terrace, California, at a regular meeting held on the 13t' of December, 2011. ATTEST: p Al _- City Clerk 6fthe City of Gran errace Mayor of the City of Grand Terrace and of the City Council and of the City Council thereof Resolution No. 2011- I, Tracey R. Martinez, City Clerk of the City of Grand Terrace, do hereby certify that the foregoing Resolution was introduced and adopted at a regular meeting of the City Council of the City of Grand Terrace held on the 13th day of December 2011, by the following vote: AYES: Councilmembers McNaboe, Sandoval and Hays; Mayor Pro Tem Garcia and Mayor Stanckiewitz NOES: None ABSENT: None ABSTAIN: None Tracey R. artin z City Clerk Approved ast City Attorn y 4W Page 2 of 2