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CORRESPONDENCE - 75E (IN FAVOR)
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CORRESPONDENCE - 75E (IN FAVOR)
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3/11/2019 12:38:32 PM
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City Clerk
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75E
Date
2/5/2019
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project based upon community feedback during council meetings, neighborhood meetings, direct discussions, <br />etc... Some of these changes may be considered minor while others are quite extensive and likely changed the <br />economics of the project for the Developer. For example: <br />• There is no longer an egress on Edgewood which will significantly reduce cut through traffic. This looks to <br />have been in response to the community concern about cut through traffic in PS. Now for a resident of 2525 to <br />leave through PS, it will not be an easy way to go but requiring at least one U -Turn and a left turn and the traffic <br />lights associated with such. <br />• They increased the set back against the back wall. This is not required by code by the way. This was in <br />response to the community being concerned about the project being too close to residential back yards. <br />• They are doing a "stair step" on the levels in the back of the project- from 3 to 4 to 5 stories. Again, this <br />appears to have been in response to the community being concerned about the project looking into their <br />backyards. <br />• They changed the look of the project. This was in response to folks not liking the original concept <br />drawings. They also offered to meet with NSAPA members if the current look of the project was not <br />acceptable. It is my belief that this type of meeting did not take place. <br />• They have reduced the density. <br />• They have increased the parking ratio above industry norms and increased the ratio as they have decreased <br />density. They have also removed general pedestrian access on Edgewood I believe. These are in direct response <br />to concerns of overflow parking into PS especially the no pedestrian access. Most folks will not want to park in <br />PS because of the distance they will need to walk to get to their apartment because there is no access on <br />Edgewood. <br />• They are providing security patrol for PSNA. This appears to have been in response to concerns about crime <br />in the area. <br />• They are trying to be a good neighbor by sharing. They are providing an Amazon Locker area solely for <br />PSNA. They are also allowing PS residents to utilize the amenities of the project. <br />• They are providing significant funding to the park (Park Santiago)... this is huge in my opinion. It is <br />something that <br />Building Usage <br />Unfortunately, I think that a lot of folks do not realize that the project site is currently zoned for a 3 story office project <br />with 3 stories of parking (likely 4 with one sub-terranean). The reality of the situation is that the site should not remain <br />underutilized. It will not remain a small footprint 2 story building with a massive amount of surface parking- that is not <br />feasible nor should the city want it. I personally believe that a 3 -story building, which likely will be around 387K square <br />feet, can have even more of a detrimental effect when compared to the current alternative for 2525. <br />I believe that most folks who are opposed to the development and using items such as traffic, parking, visual look, <br />etc ... as reasons to be opposed are comparing it to the existing state for that parcel which is a small underutilized (or <br />even unutilized) office space with a vast amount of surface parking. It is not good for the fiscal impact to the city. It is <br />not good for the surrounding businesses and it very well may not be the best for the surrounding residents. <br />The No Project/No Build alternative in the EIR, although an alternative, simply is not a realistic alternative and it will also <br />deprive the city of some benefits. By not developing the property to its highest and best use, the city will lose out on <br />valuable property taxes. The amount of money that this project could provide to the city will be substantial in both <br />recurring property taxes and also one-time fees. The funds will not only help with annual general fund obligations but <br />also with our housing crisis in the city- both low income and market rate. The low income fees that they will have to pay <br />is tremendous and can certainly be put to good use by the city. <br />Although the project cannot and should not be viewed in an economic bubble, the revenue side certainly has to be of <br />high importance especially considering the fiscal crisis we are in at a time when the economy is supposedly doing <br />relatively well. The amount of money that a developer would need to invest in rehabbing the current property simply is <br />not a realistic use of their capital when compared to the annual cash flow potentially provided. A reasonable investor <br />will strive to increase cash flow and the current building would not provide that return. <br />The North end of Santa Ana is a great community. We desire strong businesses to be located here. We desire to have a <br />nice grocery store like a Trader Joe's. If we desire those things, unfortunately, it can be said that additional high income <br />
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