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HomeMy WebLinkAbout1997-11-25 - AGENDA REPORTS - N VALENCIA ANNEX GP AMEND (2)PUBLIC HEARING DATE: AGENDA REPORT November 25, 1997 City Manager Approval: Item to be presented by: Jeffrey Lambert SUBJECT: NORTH VALENCIA SPECIFIC PLAN AND ANNEXATION (MASTER CASE NOS. 95-242,96-120,97-063), GENERAL PLAN AMENDMENT 97- 001, SPECIFIC PLAN (PREZONE) 97-001, .ANNEXATION AND DEVELOPMENT AGREEMENT 96-001, ANNEXATION NO. 95-006, TENTATIVE TRACT MAP 51931, OAK TREE PERMIT 97-009, ENVIRONMENTAL IMPACT REPORT SCH # 96071077 DEPARTMENT: Planning and Building Services RECOMMENDED ACTION Receive staff presentation, receive public testimony, provide direction to staff on commercial, industrial, and fiscal impact analysis components of North Valencia Annexation and Speck Plan, and continue this item to the December 2, 1997 City Council meeting. BACKGROUND The City Council opened the public hearing on this item at its November 4, 1997 meeting. At this meeting, the City Council heard a presentation from staff and a presentation from the City's environmental consultant summarizing the major findings of the Environmental Impact Report. The Council also heard public testimony. In an effort to ensure an orderly review of this project, the City Council scheduled three meetings to discuss this project by subject: (1) commercial, industrial, and fiscal impacts at the November 25, 1997 meeting. (2) river issues at the December 2, 1997 meeting, and (3) residential at the December 9, 1997 meeting. COMMERCIAL. INDUSTRIAL AND FISCAL IMPACTS The following is a summary of commercial and industrial uses proposed within the North Valencia Annexation and Specific Plan: The Santa Clarita Valley is housing rich and jobs poor. The North Valencia project will generate 1,950 jobs. Jobs generated would account for 1.7 percent of the employment opportunities projected for the Valley. The proposed project is consistent with the City's General Plan land Commercial Industrial Lago de Valencia 110,000 sq.ft 0 Bouquet South 184,000 sq.ft. 0 Pony League 180,000 sq.ft. 0 South River 184,000 sq.ft. 0 Industrial Center 0 167,000 The Santa Clarita Valley is housing rich and jobs poor. The North Valencia project will generate 1,950 jobs. Jobs generated would account for 1.7 percent of the employment opportunities projected for the Valley. The proposed project is consistent with the City's General Plan land use designations for the project site, and growth projections for the City of Santa Clarita and the Santa Clarita Valley. The City's General Plan allows the uses proposed in the North Valencia Specific Plan. However, the specific land use designations for this site are Commercial Town Center (CTC), Community Commercial (CC), Residential Moderate (RM), and Business Park (BP). Under a strict implementation of the General Plan, approximately 361 acres of land would be allocated to commercial uses; at a mid -point Floor Area Ratio, this would equate to 5,896,935 square feet of commercial uses. City staff believes any amount of commercial approaching this number would significantly impact existing commercial districts in the City and could not be sustained by existing or proposed populations projections for the Santa Clarita Valley. Therefore, we support the significant reduction in commercial land uses to be replaced with higher density residential uses. However, some additional commercial (a total of 636,000 square feet) is significantly less than the General Plan envisioned and can be sustained by additional residents generated by this and neighboring residential projects. FISCAL IMPACT The North Valencia Specific Plan and Annexation has been analyzed by an outside economic consultant to determine the fiscal impact of this project to the City's General Fund. The project is assumed to be build out within five years and will have the following impact, organized by year of build out (in 000s): Year 1 Year 2 Year 3 Year 4 Year 5 Post Project ($190) ($140) ($50) $120 $160 $160 These figures are largely due to the emphasis on residential construction in the early phases of the project. The commercial components will generate significant retail sales taxes to the City in later years of the project and in post project build out years. The full Fiscal Impact Analysis prepared for this annexation is included in the reading file. ATTACHMENTS (These attachments have been previously distributed to the City Council and made available to the public. Councilmembers should bring their copies of these items to the meeting. If additional copies of these attachments are needed, please contact staff.) 1. Specific Plan 2. Memorandum of Understanding 3. Overview of project and entitlements requested 4: City Benefits from the North Valencia Annexation Memorandum 5. Final EIR (forwarded earlier under separate cover) 6. Ordinance No. 97-19 (Specific Plan Zone Change) 7. Ordinance No. 97-20 (Annexation and Development Agreement) 8. Draft Annexation and Development Agreement (to be delivered under separate cover) 9. Draft Resolution No. 97-126 (Certifying the Environmental Impact Report and Adopting a Statement of Overiding Considerations) 10. Draft Resolution No. 97-127 (Approving General Plan Amendment No. 97-001, Tentative Tract Map 51931, Annexation No. 95-006, and Oak Tree Permit 97-009) READING FILE 1. Fiscal Impact Analysis Report JJL:lep cd:counci1\nv1cc jjl NOTICE OF CONTINUED PUBLIC HEARING CITY OF SANTA CLARITA CITY COUNCIL NOTICE IS HEREBY GIVEN that the City Council of the City of Santa Clarita, at its regular meeting held November 4, 1997, continued a public hearing on ITEM 6. NORTH VALENCIA SPECIFIC PLAN AND ANNEXATION - (MASTER CASE NOS. 95- 242, 96-120, 97-063), GENERAL PLAN AMENDMENT 97-001, SPECIFIC PLAN (PREZONE) 97-001, ANNEXATION AND DEVELOPMENT AGREEMENT 96.001, 'ANNEXATION NO. 95-006, TENTATIVE TRACT MAP 51931, OAK TREE PERMIT 97- 009, ENVIRONMENTAL IMPACT REPORT SCH #96071077 to November 25, 1997, to consider commercial, industrial; and fiscal impacts; to December 2, 1997 to consider river and parks, and to December 9, 1997 to consider housing areas. The continued public hearing will be held at or after 6:30 p.m. in the Council Chamber at 23920 Valencia Blvd., Santa Clarita, California. Dated this 5th day of November, 1997. ��" � SHARON L. DAWSON, CITY CLERK STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS AFFIDAVIT OF POSTING. CITY OF SANTA CLARITA ) SHARON L. DAWSON, being first duly sworn, deposes and says that she is the duly appointed and qualified City Clerk of the City of Santa Clarita and that on November 5, 1997, she caused the above notice to be posted at the door of the Council Chamber located at 23920 Valencia Blvd., Santa Clarita, California. SHARON L. DAWSON,.CITY CLERK Santa Clarita, California