75A - PH FOR RESO FOR 7-11 - Laserfiche WebLink

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CUP No. 2019-21 813 North Euclid Street July 21, 2020 Page 3 The proposed hours of operation are consistent with other convenience stores and service stations along the Euclid Street corridor. The proposed after-hours operations will provide an ancillary service to the community and individuals seeking to fuel their vehicles, have a morning coffee and/or snack, especially for those residents and commuters who wake up early for work. In addition, this promotes a balance of land use that assist in enhancing the City's economic and fiscal viability. As conditioned, the proposed after-hours operations will not be detrimental to the health, safety, or general welfare of persons residing or working in the vicinity. Furthermore, the new convenience store and service station will help activate and enhance the area and will generate property and sales tax revenue for the City. Staff is recommending approval of the request for afterhours operation as the added conditions of approval will minimize any potential negative impacts on the adjacent sensitive land uses. The redevelopment of a vacant site with a convenience store and gas station will be compatible with the surrounding community and generate sales tax revenue for the City. Finally, the applicant has, at the request of the City Council, provided additional outreach and has submitted all documentation to the City for review. As illustrated by the provided documentation, the community and adjacent neighbors have shown interest in the development of the site and the 24-hour operation. ENVIRONMENTAL IMPACT As part of the City's permitting process, the proposed project was required to undergo an environmental review per the California Environmental Quality Act (CEQA). In accordance with CEQA, the recommended actions have been reviewed through an Initial Study/Mitigated Negative Declaration (ER No. 2018-28). Sections 15070 through 15075 of the State CEQA Guidelines (Article 6) guide the process for the preparation of a negative declaration (ND) or mitigated negative declaration (MND). The MND and MMRP were approved at the March 17, 2020 City Council meeting. No further environmental review is required, as the request for afterhours operation of the subject 7- Eleven convenience store is a component of the approved MND. ECONOMIC DEVELOPMENT The project will generate a combination of property tax revenue, sales tax revenue, and temporary and permanent jobs for the community. Property tax revenue will increase as the vacant lot will be redeveloped with a new convenience store and service station and the total net value of the property will also increase. According to the most recent tax roll, the property is currently valued at $1,700,000 resulting in approximately $19,128 in annual property tax. Upon completion, the property is estimated to be valued at approximately $3,500,000. The construction of the project will require that permit fees are paid to the City and there will be temporary construction jobs. According to the plan check submittal, a total of $22,000 was collected for permit fees, with the improvements estimated at approximately $606,000. Based on sales volume estimates provided by 7-Eleven, the location will provide additional sales tax revenue to the City that is estimated to be over $30,000 annually. In addition, 7-Eleven estimates 10 new job opportunities will be created at this specific location. FISCAL IMPACT There is no direct fiscal impact associated with this action. 75A-3