2010-002 CRA - Laserfiche WebLink

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Chapter 1 /ntroductlon Within the boundary of the Transit Zoning Code, the Agency owns forty-nitre parcels comprising approximately seven noncontiguous acres. The Agency/City is pursuing the potential acquisition of twenty additional properties within the immediate vicinity of the forty-mine parcels mentioned above for the purposes of completing the assemblage of properties on those blocks in which the Agency already has majority ownership, as well as to secure property to provide for additional open space. The acquisition of these additional properties may lead to demolition and/or relocation of existing structures, as well as the potential relocation of any existing residents. The Agency and the Related Companies of California, LLC and Griffin Realty Corporation, a California Corporation (the Developer) propose to redevelop these properties. The Developer concept for these properties includes the development of a maximum of 155 rental units and a maximum of 65 fox-sale unitsa total of 220 new residential units (the Developer Project). A component of this residential development will be affordable pursuant to the County of Orange's criteria fox low-to-moderate income housing. The City/Agency is also pursuing the addition of new public open space that could include a public park, a public tot lot, and a 10,000 square foot community building. The redevelopment of these properties requires the demolition of approximately 30,243 square feet of building area, on fifteen Agency-owned properties. The City will amend the current General Plan to permit these new land uses and amend the Zoning Code to establish development standards that implement the project. These amendments will allow the City to provide a framework for the development of compact, transit-oriented development that contains a mix of residential, commercial, and professional uses in order to address the City's and the region's goals of providing sites for housing in already urbanized locations that are adjacent to transit, thereby reducing vehicle trips, stiiiiulating investment in underutilized land, and improving the jobs/housing balance within the City. This will lead to potential development of approximately 4,075 residential units, 387,000 sf of retail development, and an additional 15.5 acres of open space within the City. Adoption of this project would allow the City to consider subsequent actions consistent with these updates in the General Plan and Land Use designations. Table 3-1 (Summary of Transit Zoning Code [SD84A and SD84B] Development Potential) lists the overall potential net change that would occur as a result of the proposed project area. In terms of net development, the Transit Zoning Code would allow for the potential development of approximately 351,000 square feet (s f) of retail development and the addition of new open space within the City. Creation of this Transit Zoning Code area would allow the City to consider subsequent actions consistent with these updates. Table 1-1 (Summary of Transit Zoning Code Potential Net Change) lists the overall potential net change that could occur as a result of any new construction built pursuant to the standards contained within the proposed Transit Zoning Code. 1-2 Transit Zoning Code (SD 84) EIR Findings of Fact/Statement of Overriding Considerations