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Heritage Professional Center

View these slides in Edit mode, not Slideshow mode. Here is the original design, used for display and for printouts . That compromises both. Heritage Professional Center. Development Agreement: Achieve long-term economic and social goals

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Heritage Professional Center

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  1. View these slides in Edit mode, not Slideshow mode. Here is the original design, used for display and for printouts. That compromises both Heritage Professional Center • Development Agreement: • Achieve long-term economic and social goals • Ensure that the intent of the C-F zone is preserved by prohibiting certain land uses that would otherwise be allowed w/in the C-G zone (i.e. entertainment uses and automobile repair garages). • Developer shall construct a minimum of 7.5 acres of the property for commercial/retail development (As Revised on the Errata Sheet). • Phase 3 Retail – Shall be developed w/ at least 80% of the total building s.f. of businesses where 75% of their income is sales tax or transient occupancy tax. • Tax Exemption Restrictions – Ensures that the City will receive an annual payment of the full property tax value if the tenant or developer receives a property tax exemption. City of Chino Hills City Council presentation January 22, 2009

  2. First, a simple redesign of the template to remove some of the wasteful white space outside of the design. Development Agreement • Achieve long-term economic and social goals • Ensure that the intent of the C-F zone is preserved by prohibiting certain land uses that would otherwise be allowed w/in the C-G zone (i.e. entertainment uses and automobile repair garages). • Developer shall construct a minimum of 7.5 acres of the property for commercial/retail development (As Revised on the Errata Sheet). • Phase 3 Retail – Shall be developed w/ at least 80% of the total building s.f. of businesses where 75% of their income is sales tax or transient occupancy tax. • Tax Exemption Restrictions – Ensures that the City will receive an annual payment of the full property tax value if the tenant or developer receives a property tax exemption.

  3. Text distilled down. Switch to Notes page to see the original text, formatted for printout. Development Agreement • Achieve long-term economic and social goals • Prohibit certain land use • Guaranteed commercial/retail development • 80% reserved for businesses • Tax exemption restrictions

  4. Original slide Heritage Professional Center • Revised Economic Analysis: • KMA prepared a revised comparative economic analysis for the project which included assessments of: • Annual property tax, sales tax, and transient occupancy tax (TOT) revenues allocated to the City General Fund and generated by the respective developments; • New resident equivalents created as a result of the daytime workforce jobs generated by the development and added to the resident equivalent population of the City; and • Annual General Fund service costs to be generated by the new resident equivalents. City of Chino Hills City Council presentation January 22, 2009

  5. Revision, designed to be coupled with Notes page Switch to Notes view to see the handout. Revised Economic Analysis KMA assessments included: • Revenue from property tax, sales tax, occupancy tax • New resident equivalents from daytime workforce jobs • Annual General Fund service costs generated by new residents

  6. Before Planning Commission Actions The Planning Commission had questions regarding: 1. The economic analysis and the viability of locating two hotels adjacent to one another (one hotel located at Heritage Professional Center and one hotel located on the adjacent project to the northwest, The Golden Triangle). 2. The Planning Commission also had concerns regarding parking due to the adjacent Chino Hills High School. The applicant had stated that they will provide onsite security at the AM and PM peak hours of the high school and any special events. Therefore, the Planning Commission added a Condition of Approval to the project to require that the applicant provide on-site security and signage to restrict High School parking on their property. The Planning Commission recommended approval of the project to the City Council with a unanimous vote 5-0. City of Chino Hills City Council presentation January 22, 2008

  7. After Switch to Notes view to see handout. Planning Commission Actions Questions remain regarding: • Viability of locating two hotels adjacent to one another • Concerns about parking due to the adjacent Chino Hills High School. The Planning Commission recommended approval of the project to the City Council with a unanimous vote 5-0.

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