(1)AR 071707 Global Premier Development

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ITEM #1 CITY OF COLTON AGENDA REPORT FOR CITY COUNCIL MEETING OF JULY 17, 2007 TO: HONORABLE MAYOR AND CITY COUNCIL FROM: DAVID R. ZAMORA, COMMUNITY DEVELOPMENT DIRECTOR SUBJECT: APPEAL OF THE PLANNING COMMISSION'S APPROVAL OF THE FAIRWAY FAMILY APARTMENTS AFFORDABLE HOUSING PROJECT (CONTINUED PUBLIC HEARING FROM MAY 15, 2007 AND JUNE 19, 2007 CITY COUNCIL MEETINGS) DATE: July 15, 2007 BACKGROUND: This matter was continued from the May 15, 2007 and June 19, 2007 City Council meetings. It concerns the applicant's (Global Premier Development) appeal of a condition of approval imposed by the Planning Commission requiring that this proposed 39 -unit, low income housing project with underground parking ("Fairway Project") be monitored with security guards 24 -hours per day. During the public hearing on May 15th, the City Council heard testimony from the applicants concerning the economic hardship created by the security guard condition. The applicants provided staff and the City Council with financial information that they claim supports their argument that imposition of the condition makes development of the Fairway Project infeasible. Specifically, Global Premier provided information concerning the cost of the security condition over the affordability term of the low-income units (55 years). According to their figures, the requirement for on-site security in the manner described in the City's conditions would cost approximately $1.4 million dollars over the 55 -year term. The claimed that their information suggests that such a cost would make construction of the Fairway Project infeasible. This information was disputed by staff during the hearing. Ultimately, the appellant informed the City Council that they would be willing to accept the condition.