HomeMy WebLinkAboutR07-Redevelopment Agency
-. /"""""." -\
REbsVELOPMENT AGENCY.R'!'QUEST FOR bbMMISSION/COUNCIL AeflON
f:X.~m: Glenda Saul, Executive Director
Subject: TEFRA PUBLIC HEARING -
NOBLE PROPERTIES, INC. PROJECT
~t: Redevelopment Agency
Date: October 28, 1985, 1985
Synopsis of Previous Commission/Council action:
9/23/85 Adopted Resolution 85-382 - inducement resolution and setting TEFRA
Public Hearing
10/21/85 Continued TEFRA Public Hearing to 11/4/85
Recommended motion:
(Mayor and Common Council)
Continue Public Hearing to November 18, 1985.
'-
&~~
Signature
Contact person:
GLENDA SAUL
FUNDING REQUIREMENTS:
Amount: $
N/A
Phone: 383-5081
1
Ward:
Project: N/A
Date: November 4, 1985
Supporting data attached:
YES
No adverse I mpact on City:
r'-' Icil Notes:
"-
0715K/F.1l
Agenda Item No./2 -7
CI~ OF SAN BERNARD6;b - REQUa.../r FOR COUNCIL AC~N
STAFF REPORT
_.
The developer has requested this Public Hearing be continued to November 18, 1985.
The developer is anticipating receiving federal assistance in the construction of this
project because of its close proximity to the Air Force Base. He is awaiting
confirmation of this commitment by the Congress and wishes to continue the Public
Hearing until the confirmation has been made. Mr. Parsons expects this by
November 18, 1985.
For your information a recap of the project follows:
Applicant:
Noble Properties, Inc.
Amount of Financing:
$15,920,000
Project:
Construction of a 300-unit multifamily rental housing
development
Location:
20.6 acre parcel of land located on the north side of
6th Street between Sterling Avenue and Lankershim Avenue.
Target Date of Financing:
December 1985
Construction Schedule:
As soon as possible after financing - completed by
February 1987
,-
'--
Reserve & Development Fee:
1% x $15,920,000 = $159,200
Increase in Jobs:
During construction only
Rent Schedule:
2 Bedroom - $395.00/month
3 Bedroom - $425.00/month
4 Bedroom - $505.00/month
Zoning:
R-3-2000 - 21.78 units per acre
Project Total - 14.56 per acre
0715K/EB
11/4/85
--
"-'
75-0264
,
~,,...
,,-
'-';o,~
-oo
" I
;I,.
".
.. ..
~ .
. .
..
ClIO
".~
O-
J!!
-...
" .
nllt
il' ,.
..a
..
lI'lll:l!o
00..
"o~
.....
trJ",:
~Q)~
6(,0.,-
~d'1!:
o~ .g
~~
3
..
r
"
'-
E~~.
E: '" ~~
...~.~'=
-:::I ,~~
..
~
!: ..
~'.....
v
~I
:STF;RL/NG
., ~
..
III
..
@)
AVE;IWE+-
<:>
e
~ ~
i .s
"'0
-
.0
/ ,
.
CII e
..
"
'"
'"
"V
if -
"" .0
~ .,.
I
:::'
>t
(\.,
@
e
...,..1
I,
~"
\'
""
.
~',
'J,
~
"'
~,
'\
~,
\\'
.,
';)
\'5
'"
.~
~
'.~
~
"
,
!\' ,
I. ..
:-..~,
'I
"1
~
'\
"
1\
;\
.
"-
:>
II
r
7'\
~
,
..
"
..
"
..
..
...'. '.,' ." . ,,-:- .:.~ -." ., .,. '. ... ':-:'", ..:-". ~ ~.,...
.-' ,..,' :~; 'I '.',V ,l.'v.;~'?:) Inl'.l:~'f!l~ '''I 01 ":..-n.J
~. J ',' " :1 ~, ~" ,,:,,..,,..',, :J:OII.l.:J "!It,, ,ullllU 0.11''''"~'".
0411'" ~".., :'n~... ~IJ."'''' loll atY .no... uo. II .1,...,. ~1"1..
.. i "
.: "
i. 1'-'. ... ..... . ,"It,.... ..r
. ;~".! .1. 'I . "", ..,' Ih..
th.. t....'. !I"I I'" "-rlll'" f,., 1"'......'11..". ""h',
,"p,ort ,.... r..ltry In vto!lrh It .,y I... "tt,C"'I,,.lt.
~
W
\
~
11
,@
I
"
~
.
.
..
,
.,~
J---'''' '-
~. .-
,.J
~
;-.
::0
Q
:::J
o
::..
Q
1tt/)
!:IIQ
~:::J
"'lll
<1l
::l
Q
...
9-.
:::J
o
oQ'u,
..,..0
II> "
UOOll:l
&.~
~"
o
~~
.."
00
~
:;;
ii'
0.
'"
'"
<D
I
-
01
/J
"
. "