FROM:
Planning Department
SUBJECT:
Title
Adoption of Ordinance No.1950 (Second Reading), a Development Agreement with Prologis Exchange 11115 Hemlock Avenue LLC
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RECOMMENDATION:
Recommendation
Adoption of Ordinance No. 1950 on Second Reading, An Ordinance of the City Council of the City of Fontana, California, approving, pursuant to the certified Final Subsequent Environmental Impact Report, a Development Agreement with Prologis Exchange 11115 Hemlock Avenue LLC, providing for an extended entitlement timing and enhanced environmental measures for an approved industrial commerce center development of approximately 881,826 square feet on approximately 40.01 acres, and directing staff to File a Notice of Determination.
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COUNCIL GOALS:
• Promote economic development by concentrating on job creation.
• To promote economic development by pursuing business retention, expansion, and attraction.
• To promote economic development by striving to constantly improve the city's competitiveness.
DISCUSSION:
Ordinance No. 1950 was introduced by a vote of 3-1 at the May 14, 2024, Regular City Council meeting.
FISCAL IMPACT:
The Development Agreement includes a provision for a payment in the amount of $20,000 upon the issuance of the first building permit for the project for the purpose of staff time and oversight of the WAIRE Points Compliance. If a building permit has not been issued by December 31, 2030, another payment of $20,000 would be provided to the city for staff time and oversight of the WAIRE Points Compliance.
MOTION:
Approve staff recommendation.