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HomeMy WebLinkAboutItem SAGENDAREPORT DATE: May 29, 2001 TO: Honorable Mayor and City Council THRU: John B. Bahorski, City Manager FROM: Pamela Arends -King, Director of Administrative Services/Treasurer SUBJECT: Public Hearing Dates for the 2001/02 Budget and 2001/02 Comprehensive Fee Schedule and Budget Workshops SUMMARY OF REOUEST: That City Council consider setting budget workshop sessions as well as Public Hearing dates for adoption of the FY 2001/02 Budget and City's FY 2001/02 Comprehensive Fee resolution as follows: June 11, 2001 5:00 p.m. Budget Workshop June 25, 2001 5:00 p.m. Budget Workshop June 25, 2001 Public Hearings for: FY 2001/02 Budget FY 2001/02 Comprehensive Fee Schedule BACKGROUND: Not applicable. FISCAL IMPACT: Not applicable. Pamela Arends -King Director of Administrative Services/Treasurer NOTED City Manager Agenda Item 3 AGENDA REPORT DATE: May 29, 2001 TO: Honorable Mayor and City Council THRU: John B. Bahorski, City Manager FROM: Lee Whittenberg, Director of Development Services SUBJECT: BIXBY OLD RANCH TOWNE CENTER PROJECT, OPERATING MEMORANDUM NUMBER TWO, DATED MAY 29, 2001 SUMMARY OF REQUEST: Provide comments to Staff regarding Operating Memorandum No. 2. This document has been negotiated between the City and Bixby Ranch Company to resolve remaining matters in a manner acceptable to both parties. This document has been reviewed by the impacted departments of the City and resolves any outstanding issues, and by the City Attorney and is acceptable as to form. Section 4.9 of the recorded Development Agreement allows the City Manager to execute said operating memorandum. BACKGROUND: The land development approval process for the Bixby Old Ranch Towne Center project is coming to a close. The City and Bixby Ranch Company have determined that several remaining matters need to reach resolution through the execution of Operating Memorandum No. 2. The document has been negotiated in good faith between the City and Bixby Ranch Company, has been reviewed by the impacted departments of the City and resolves any outstanding issues, and has been approved as to form by the City Attorney. Pursuant to Section 4.9 of the recorded Development Agreement, the City Manager intends to execute said operating memorandum. The parties previously have agreed upon certain refinements and clarifications to the Development Agreement, which matters were set forth in Operating Memorandum Number One, dated December 15, 1998. The general provisions off Operating Memorandum No. 2 are summarized below: ❑ Bixby Ranch Company to advance to City $100,000 for the Old Ranch Tennis Club, the remaining $900,000 to be provided upon acceptance of offer of dedication. Agenda Item C:Ny Documenunfuby Towne Cen,e a1R \0p .frog Memo g2.CC S`eff Rep a.doc� 05 -18 -01 Receive and File — Operating Memorandum No. 2 Bixby Old Ranch Towne Center Project Development Agreement May 29.2001 ❑ Bixby Ranch Company to pay City $210,000 in lieu of dedicating and constructing a community police facility. In addition, if future residential development is permitted by City on said area, City to receive an additional $100,000. o In lieu of Bixby Ranch Company specifically performing certain development activities, City to receive funds totaling $106,000 for those actions set forth in Sections 11.3,11.4, IL6 and 11.7 of the operating memorandum. • Bixby to prepare documents within 45 days to dedicate required water well site to City, and City to lease back to Bixby said site for $11year until City constructs said well site. City to provide a 60 -day notice of intent to construct and Bixby to vacate site within 30 days of said notice of intention to construct. • Allows City Manager to extend dates for completion of certain golf course improvements in Sections 3.2.5.7. and 3.2.5.9. of the Development Agreement and in Section 11.8 of Operating Memorandum No. 1. ❑ Clarifies responsibilities between City and Bixby Ranch Company regarding future public improvements along Seal Beach Boulevard and Lampson Avenue, including center median island landscaping. a Clarifies land dedications adjacent to the northerly portion of Old Ranch Towne Center and the Centex Homes residential development. Operating Memorandum No. 2 is provided as Attachment 1 to the Staff Report, with Section 4.9 of the Development Agreement provided as Attachment 2. FISCAL IMPACT: Several positive fiscal benefits accrue to the City upon execution of Operating Memorandum No. 2 by the City and Bixby Ranch Company. The City will receive payments from Bixby Ranch Company for specified purposes, totaling $416,000. In addition, the City will still receive an additional $900,000 upon acceptance of the Old Ranch Tennis Club and an additional $100,000 if additional residences are constructed on the Community Police facility site. In addition, the dedication documents of the future water well site will be presented to the City within 45 days. RECOMMENDATION: Provide comments to Staff regarding Operating Memorandum No. 2. Receive and File Staff Report. e Wlvttenberg Director of Development Services Opening Memo p2-CC Staff Report NOTED AA APPROVE I� Jo . Bahorski Manager