1999 AGN SEP 07 I13 - Laserfiche WebLink

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City of Colton Giant RV Agenda Report Meeting of September 7, 1999 Page 3 of 8 performance based reimbursement mechanism to the Participant for significant increases in their existing sales volumes. The Agreement also establishes maximum levels of reimbursement for the Developer based upon completion of certain improvements and their required investment. B. Participant's Qualifications The Participant currently operates Giant Inland Empire RV Center ("Giant RV") in the American RV Expo development located at 920 RV Center Drive. Giant RV also operates several other Southern California locations including stores in San Bernardino, Corona and Upland. Giant RV has been located at the American RV Expo location for the past 9 years and has grown to now be the largest sales tax producer at the American RV Expo facility based upon the most recent sales tax figures. C. Scope of Development The proposed development will include the construction of a state of the art RV Sales and Service facility on a total of 11.4 acres of property located on Santo Antonio Drive. The project will include the construction of a 9,256 square foot sales facility/office and a 23,155 square foot parts and service facility on the 7.73 acres (Phase I); and, the construction of vehicle storage and additional saies dispiay area on an adjacent 3.38 acre parcel (Phase II). As part of the overall development, the Developer has also proposed the construction of a freeway oriented Electronic Reader Board Sign ("ERB") to promote and advertise the dealership facility. The construction of the ERB sign is subject to the approval of a Conditional Use Permit (CUP) and major variance. In the event the City does approve the construction of the ERB, the Developer will install other freeway-oriented signage to advertise the New Dealership which is consistent with the City's Code. D. Developer's Obligation under the Agreement: The Agreement provides that the Developer is responsible and obligated as follows: 1. The Developer shall develop a new RV Dealership upon Phase I of the site including all on-site and off-site improvements in accordance with Community Development Application No. DC-23-98. 2. The Developer shall within 90 days from the effective date of the agreement submit conceptual design drawings for the Phase II expansion. Following the City's review and approval of the conceptual drawings, the Developer shall diligently prepare all other drawings, plans or documents necessary to obtain building permit approval. 3. The Developer shall develop the Phase II expansion, which shall consist of paved parking, lighting, landscaping and other improvements that are ancillary to the New Dealership in conformance with the Schedule of Performance. 4. The Developer shall operate the new dealership in a reasonable and prudent manner with the objective of generating the greatest feasible amount of sales tax revenues and creating significant employment for a period of ten years following the commencement date.