FROM:
Engineering
SUBJECT:
Title
Approve a Development Impact Fee Credit Agreement related to Parcel Map No. 20250 (TPM No. 20-015), MCN No. 20-054, Design Review No. 20-022
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RECOMMENDATION:
Recommendation
Approve and authorize the City Manager to execute a Development Impact Fee Credit Agreement with Sierra Avenue Industrial, LLC, a Delaware limited liability company, related to Parcel Map No. 20250 located north of Slover Avenue between Cypress Avenue and Juniper Avenue, for the required construction of offsite improvements along Slover Avenue.
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COUNCIL GOALS:
• To invest in the City’s infrastructure (streets, sewers, parks, etc.) by maintaining and improving the City's existing infrastructure.
• To invest in the City’s infrastructure (streets, sewers, parks, etc.) by providing for the development of new infrastructure.
DISCUSSION:
On December 21, 2021, the Planning Commission approved Tentative Parcel Map No. 20250 (TPM No. 20-015), MCN No. 20-054, and Design Review No. 20-022 for the construction of a 705,735 sq. ft. warehouse building, located north of Slover Avenue between Cypress Avenue and Juniper Avenue. The building square footage changed slightly and was permitted as a 690,967 sq. ft. warehouse building.
Chapter 21, Article VI - Construction and/or Dedication In-Lieu of Development Impact Fees (Section 21-151 through 21-154) of the Fontana Municipal Code establishes a policy allowing in-lieu fee credit agreements between the City and developers. This provides an alternative method for satisfying a developer’s obligation to mitigate impacts from the development other than through payment of development impact fees.
This Development Impact Fee Credit Agreement for Circulation Fees will provide fee credits toward the applicant’s development impact fee obligations for the construction of infrastructure (circulation) along Slover Avenue as shown on Exhibit B and as follows:
Subject Development Construction In-Lieu Net Development
Fee Obligation Amount Fee Obligation
Circulation $2,494,390.87 $1,622,122.38 $872,268.49
Total $2,494,390.87 $1,622,122.38 $872,268.49
FISCAL IMPACT:
The approval of the Development Impact Fee Credit Agreement results in a reduction of the developer’s Circulation fee for the project. This is possible since the developer will be constructing improvements valued at $1,622,122.38. The developer is still obligated to pay the remaining Circulation fee of $872,268.49.
MOTION:
Approve staff recommendation.