Title
RESOLUTION 5097: AUTHORIZATION TO ENTER INTO A DEVELOPMENT AGREEMENT WITH JACOB F. LONG, TRUSTEE OF THE JOHN F. LONG FAMILY REVOCABLE LIVING TRUST, FOR THE PURCHASE OF THE NORTH ROW AND REMNANT PARCEL (STONEHAVEN)
Staff Contact: Sam McAllen, Director, Development Services
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Purpose and Recommended Action
Recommendation
This is a request for City Council to waive reading beyond the title and adopt a resolution authorizing the City Manager to enter into a Development Agreement (DA) with Jacob F. Long, Trustee of the John F. Long Family Revocable Living Trust (JFLT) for the purchase of the north right of way and remnant parcel, the design and construction of the Bethany Home Road Extension.
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Background
StoneHaven is planned as a 395 acre residential and commercial development located at the northeast corner of Camelback Road and 91st Avenue. A range of approximately 938 to 1,313 dwelling units are planned on 363 acres. Commercial shopping centers of 32.77 acres are also planned for this site.
Vehicular access will be provided via Bethany Home Road, 83rd Avenue, Camelback Road, 87th Avenue, 91st Avenue, Colter Street and Montebello Avenue. Bethany Home Road does not exist between 83rd Avenue and 91st Avenue. Through the development of StoneHaven, Bethany Home Road will be constructed by one contractor with the developer paying for the southern portion of the street and the City of Glendale paying for the northern portion of the street. Since the Grand Canal Linear Park abuts the north property line right-of-way will be acquired by the city to provide a full width street construction of Bethany Home Road in the future. When constructed as a full street, this will complete the arterial street network in this portion of the city.
The StoneHaven PAD (Planned Area Development) was approved and recommended to City Council by the Planning Commission on December 3, 2015.
Analysis
The development agreement outlines four key elements. The first element establishes a purchase price for the north right of way and remnant parcel needed to construct the Bethany Home Road Extension and the transfer date of such property. The city will pay to JFLT $1,291,650 for the north right of way and remnant parcel. The transfer date of the land will be commence once the Bethany Home Road Extension is constructed and accepted by the city. The second element establishes how and what will be included in the design for the Bethany Home Road Extension. The third element establishes how and when the construction will occur for the Bethany Home Road Extension. The fourth element establishes how the city will pay for the land, the design and construction of the road. The city will pay JFLT $650,000 on the transfer date of the land. The city will then use Transportation Development Impact Fees collected from this development to pay for the design and construction of the Bethany Home Road Extension. Once this amount is paid in full, the city will pay JFLT the remainder of the balance owed on the land through Transportation Development Impact Fees collected from this development. The city must pay the outstanding balance to JFLT by January 1, 2022.
Construction of the Bethany Home Road Extension in conjunction with this development will save the city money and the complete the arterial street network in this portion of the city.
Previous Related Council Action
On December 3, 2015, the StoneHaven PAD (Planned Area Development) was approved and recommended to City Council by the Planning Commission.
Community Benefit/Public Involvement
This development will provide a range of housing opportunities for current and future residents in Glendale. The development will provide trails, parks and open space for residents of the community to enjoy. The development will also bring economic opportunities to the residents in the area by providing needed commercial services.