Item 28 - Public Hearing - ZOA No. 20204-01 South Coast Technology Center

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ZOA No. 2024-01 for South Coast Technology Center at 3100 West Lake Center Drive July 8, 2024 Page 12 The environmental review concluded that the proposed project is consistent with buildout of the General Plan Update. Upon implementation of regulatory requirements and mitigation measures related to air quality, cultural resources, geology and soils, and noise the proposed project would not have any specific effects, which are peculiar to the project or the project site. Moreover, there are no project specific impacts or potentially significant off -site or cumulative impacts that the GPU PEIR did not analyze, and there are no new significant or substantially more severe impacts to aesthetics, agricultural and forestry resources, air quality, biological resources, cultural resources, energy consumption, site geology and soils, greenhouse gas emissions, hazards and hazardous materials, hydrology and water quality, land use and planning, mineral resources, noise, population and housing, public services, recreation, transportation, tribal cultural resources, utilities and service systems, and wildfire risk, than anticipated by the GPU PEIR. Based on this analysis, a Notice of Exemption, Environmental Review No. 2023-109 will be filed for this project. ECONOMIC AND FISCAL IMPACTS The proposed development associated with the amendment request is anticipated to generate a total of 687 permanent jobs (425 on -site and 262 off -site) and 555 one-time jobs associated with its construction. Additionally, the project would deliver a substantial positive impact to the City's economy with the production of goods and services increasing by $256.1 million annually. This growth in jobs and economic output would have a positive impact on the City, as it would expand its economic base, thereby providing a strong foundation for the City has continued economic growth and fiscal health. Additionally, the associated redevelopment with the amendment request is anticipated to generate a sizable annual recurring incremental fiscal surplus at build -out of $257,736 based on the generation of $460,412 in annual recurring revenues and $202,676 in recurring annual costs. The annual revenues generated are projected to equal 2.27 times the associated City General Fund costs thus generating a positive net fiscal impact. EXHIBIT(S) 1. Zoning Ordinance Amendment Ordinance 2. Vicinity Zoning and Aerial Map 3. Site Photo 4. Full Project Plans 5. Renderings 6. Environmental Analysis and Exemption 7. Fiscal Impact Analysis Report 8. Economic Impact Study 9. Community Meetings Documents 10. Copy of Public Notices