Redevelopment Cooperation Agreement

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REDEVELOPMENT AGENCY FOR THE CITY OF COLTON For the City Council Meeting of May 15, 2001 TO: Honorable Mayor and Councilmembers APPROVAL: Henry Garcia, City Manager FROM: Robb Steel, Redevelopment Directof SUBJECT: Consideration and Adoption of a Resolution Approving a Mitigation and Property Owner Redevelopment Agreement by and between Squires Lumber Company Inc., Paxson Family Trust, the Redevelopment Agency for the City of Colton and the City of Colton. DATE: May 7, 2001 Background On August 17, 1999, the Agency Board approved Resolution No. 741 which approved entering into an Owner Participation Agreement (OPA) with Dominguez Plaza, LLC, for that property located at 201-225 Valley Blvd. The Dominguez Plaza OPA provided that the Developer would remodel and renovate the Motel, attract a new national franchise operator, remodel the other buildings on the site, as necessary, to attract and retain tenants, install new landscaping and other public improvements surrounding the site, and, if feasible, construct a fourth building/restaurant on the property. The OPA also provided that the Agency would use its best faith efforts to aid the Developer in securing the vacation of one-half of "H" Street so that it could be consolidated into the project to provide additional secured on-site parking for the newly renovated hotel. On April 17, 2001, the City Council approved a General Plan Amendment and adopted a Resolution to vacate the south one half of "H" Street from 9th and 10th Street and designate that portion of "H" Street to a "service" or frontage road with a width of 28 feet. Due to the reduction in width and the need to allow two way traffic flows, all public parking on "H" Street between 9th Street and 10th Street will be prohibited. Based upon the smaller street width on "H", certain uck turning movements into and out of Squires Lumber Company's commercial driveway �t cated on "H" Street may be impacted. Based upon these perceived impacts, certain special onditions of approvals were placed on the Dominguez Plaza project including a requirement to e -construct the north-east corner of 9th Street and "H" Street to a 35' radius to accommodate otential truck turning movements as well as the requirement to reconstruct and widen Squires' th Street driveway access up to 40' in width to accommodate larger trucks and commercial ehicle access. owever, if Squires' 9th Street driveway is widened to a width of 40 feet, then an existing torage shed that is located adjacent to the current alley/driveway will be directly in the path of Item #9