Laserfiche WebLink
2525 North Main Street <br />October 28, 2019 <br />Page 14 <br />Notification & <br />Measures Notification by mail was mailed on October 17, 2019 to all property owners and <br />occupants within 500 feet of the project site and notification was provided to all <br />interested parties that have requested to receive a notice with contact information <br />Newspaper posting was published in the Orange County Register on <br />Conclusion <br />General Plan Amendment No. 2018-01 and Amendment Application No. 2018-10 support <br />redevelopment of the site with a residential project that will provide new market -rate housing in a <br />prime location that is accessible to retail and employment opportunities with multimodal <br />transportation options. Additionally, public benefits of the Development Agreement will lead to <br />new public art, access to on -site amenities for Park Santiago residents, and security patrol of the <br />residential neighborhood and Santiago Park. The project will also enhance the City's economic <br />and fiscal viability through the increase in property tax values as well as an increase in sales tax <br />generated from the residents. The project has been reduced in density and height in response to <br />comments received from the community and City Council and merits consideration for an <br />approval recommendation to the City Council. <br />Strategic Plan Alignment <br />Approval of this item supports the City's efforts to meet Goal No. 3 Economic Development, Objective <br />No. 2 (create new opportunities for business/job growth and encourage private development through <br />new General Plan and Zoning Ordinance policies). <br />UAdIIW <br />Selena Kelaher, AIC <br />Associate Planner <br />Vince Fregoso, AICP <br />Planning Manager <br />SK/VF:sb <br />SAPIanning Co nrnlsslon�2019k10-28-1912525 N Main Street\2525 N Main PC Staff Report 10.28.19.docx <br />Exhibits: 1. EIR Resolution, Findings of Fact, Statement of Overriding Considerations, <br />MMRP & EIR Link <br />2. Development Agreement Resolution & Agreement <br />3. General Plan Amendment Resolution & Exhibits <br />4. Amendment Application Resolution & Exhibits <br />5. Sunshine Meeting Minutes & Sign -in <br />6. Economic Analysis Update <br />