PLANNING AND HOUSING COMMISSION
STAFF REPORT
DATE: 5/6/2019
TO: Honorable Chair and Commissioners
FROM: Economic Development Division
APPLICATION REQUEST:
Title
First Amendment to Disposition and Development Agreement between the City of Corona and Lab Holding, LLC for the acquisition and development of (17) Corona Housing Authority properties and (9) City of Corona properties generally located East of Main Street between East Fourth Street and West Eighth Street, and West of Ramona Avenue (Corona Mall Property) originally approved May 17, 2017. (Applicant: Lab Holding).
End
RECOMMENDED ACTION:
Recommended action
That the Planning and Housing Commission recommend APPROVAL of the First Amendment to the Disposition and Development Agreement to the City Council and Corona Housing Authority.
Body
PROJECT SITE SUMMARY
Area of Property:
Existing Zoning: D (Downtown) of the Downtown Revitalization Specific Plan (SP98-01)
Existing General Plan: MUD (Mixed-Use Development)
Existing Land Use: C (Commercial), CP (Commercial Professional)
Proposed Land Use: Rehabilitation and/or Redevelopment of Existing Structures
Surrounding Zoning/Land Use:
N: East Fourth Street and Commercial Parcel beyond Gateway Business District zone of SP98-01
E: South Ramona Avenue and Commercial parcels beyond / Downtown zone of
SP98-01
S: West Eight Street and Commercial parcels beyond / Community Services zone of SP98-01
W: Sixth Street and Commercial parcels beyond / Downtown zone of SP98-01
BACKGROUND
Beginning in the early 2000's the Corona Redevelopment Agency began to acquire properties within the Corona Mall area in hopes of assembling enough property for a complete redevelopment of the area. On June 29, 2011 Governor Brown signed Assembly Bill 1X 26 (AB 1X 26) eliminating Redevelopment Agencies in the State of California. Pursuant to Resolution 2012-04 adopted January 11, 2012, the City of Corona became the Successor Agency to the Redevelopment Agency. As par...
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