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