HomeMy WebLinkAboutR28-Economic Development Agency
ECONOMIC DEVELOPMENT AGENCY
OF THE CITY OF SAN BERNARDINO
FROM: Maggie Pacheco
Deputy Director
SUBJECT:
SETTING A PUBLIC HEARING TO
CONSIDER THE MEADOWBROOK
SINGLE FAMILY RESIDENTIAL
DEVELOPMENT AGREEMENT WITH
ANR INDUSTRIES, INCORPORATED
DATE: October 20, 2004
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Synopsis of Previous Commission/Council/Committee Action(s):
On October 19, 2004, Redevelopment Committee Members Estrada, Longville and McGinnis unanimously voted to
recommend that the Community Development Commission consider this action for approval.
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Recommended Motion(s):
(Mayor and Common Council/Community Development Commission)
MOTION:
THAT THE MAYOR AND COMMON COUNCIL AND THE COMMUNITY DEVELOPMENT
COMMISSION SET A JOINT PUBLIC HEARING FOR DECEMBER 6, 2004 TO CONSIDER THE
SALE OF CERTAIN PARCELS IN ACCORDANCE WITH A PROPOSED DEVELOPMENT
AGREEMENT BY AND BETWEEN ANR INDUSTRIES, INe. AND THE REDEVELOPMENT
AGENCY.
....",.
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Contact Person(s):
Project Area(s)
Maggie Pacheco
Phone:
(909) 663-1044
IVDA
Ward(s):
Supporting Data Attached: 0 Staff Report 0 Resolution(s) 0 Agreement(s)/Contract(s) 0 Map(s) 0 Letters
FUNDING REQUIREMENTS Amount: $
Source:
N/A
Budget Authority:
SIGNATURE:
Gary
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P:\Agendas\Convn Dev Commission\COC 2004\04-11-01 Meadowbrook SF Residemial Dev. Agnnt PH.doc
COMMISSION MEETING AGENDA
Meeting Date: / :2/.:10/0,/
Agenda Item Number: R. 2JS'
ECONOMIC DEVELOPMENT AGENCY
STAFF REPORT
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SETTING A PUBLIC HEARING TO CONSIDER THE MEADOWBROOK SINGLE
FAMILY RESIDENTIAL DEVELOPMENT AGREEMENT WITH
ANR INDUSTRIES, INCORPORATED
BACKGROUND:
In order to revitalize the neighborhood, on February 3, 2003, the Community Development Commission
approved the Meadowbrook Single Family Residential Grant Development Agreement ("Agreement") with
ANR Industries, Inc. to develop 23 Single-family homes on 22 parcels owned by ANR, including 1 Agency
owned lot located on Sierra Way, in the area bounded by 2nd Street and Rialto, Sierra Way and Allen Street
(Phase I) within the Inland Valley Development Agency (IVDA) Project Area ("Project Site"). Pursuant to the
Agreement, the Agency provided ANR with a $500,000 grant in return for ANR developing 23 new homes,
containing about 1400-1700 (3-4 bedrooms) square feet, offering contemporary interpretations of Victorian,
Craftsman and Spanish style homes ("Project"). A ground-breaking was held on August 5, 2004 and
construction has commenced on the 23 homes; 10 homes are anticipated to be completed by November 2004;
10 of the homes have been pre-sold at affordable housing prices to income eligible buyers, and 13 homes will
be sold at market rate prices, ranging in prices of $210,000 through $289,000.
Moreover, subsequent to the approval of the above referenced Agreement, the Community Development
Commission and San Bernardino City Housing Authority have authorized the Agency and the Authority, to
acquire 12 additional parcels ("Parcels") (9 vacant rental units, and 3 occupied rental units) within the
boundaries of the Project Site so that the neighborhood revitalization efforts could continue; of the 12 parcels,
the Agency has acquired 8 parcels through negotiations, and 4 parcels are either pending negotiation or the
Authority has commenced condemnation proceedings.
CURRENT ISSUE:
ANR would like to progress with their on going efforts to restore the neighborhood, and has acquired a number
of parcels on their own throughout the area bounded by Sierra Way, Waterman, Rialto and 5th Streets (14
parcels), and they would like to include the purchase of the Parcels from the Agency and developing the
Parcels with similar homes currently under construction in Phase I. Due to the configuration of some of the
parcels, ANR proposes to construct 14 single-family homes on the Parcels. It is proposed that the Parcels be
sold to ANR for the development of 7 affordable homes and 7 market rate homes, selling in comparable prices
to the homes being sold in Phase 1, at an estimated reuse land value of approximately $60,000 per parcel (see
fiscal impact).
However, prior to the proposed sale of the Parcels to ANR, in accordance with Section 33433 of the
Redevelopment Law, the Commission and Council are required to conduct a public hearing at which time, a
proposed Development Agreement will be presented for consideration and approval. It is therefore,
recommended that the Mayor and Common Council and the Community Development Commission set a
public hearing for December 6, 2004.
ENVIRONMENTAL IMPACT:
No environmental analysis is required for setting a public hearing.
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P:\Agendas\Comm DevCommission\COC 2004\04-11-01 Meadowbrook SF Residential Dev. AgrmC. PH.doc
COMMISSION MEETING AGENDA
Meeting Date:
Agenda Item Number:
Economic Development Agency Staff Report
Meadowbrook SF Residential Development Agreement PH
Page 2
FISCAL IMPACT:
There is no fiscal impact at this time. However, the proposed Development Agreement entails an
estimated expenditure on the part of the Agency or Housing Authority in the approximate amount of
$1.4 million (includes acquisition, relocation, moving, demolition, legal expenses); the anticipated
Fair Market Reuse Value for the Parcels is $719,000.
RECOMMENDA nON:
That the Mayor and Common Council and the Community Development Commission adopt the
recommended Motion.
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P:\Agcndas\Corrun Dev Commission\COC 2004\04-11-01 Meadowbrook SF Rcstdcntial Dev_ Agnnt. PH.doc
COMMISSION MEETING AGENDA
Meeting Date:
Agenda Item Number: