REQUEST FOR CITY COUNCIL ACTION
DATE: 03/15/2023
TO: Honorable Mayor and City Council Members
FROM: Planning & Development Department
SUBJECT:
Title
REIMBURSEMENT AGREEMENT UNDER THE TRANSPORTATION UNIFORM MITIGATION FEE PROGRAM FOR PARCEL MAP 37747, LOCATED NORTH OF PARKRIDGE AVENUE ON THE WEST SIDE OF MAIN STREET
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EXECUTIVE SUMMARY:
This staff report asks the City Council to consider the execution of a Transportation Uniform Mitigation Fee (TUMF) Reimbursement Agreement between the City and the developer of Parcel Map 37747. The developer, CI Ranch II, LLC, has completed the construction of the missing public improvements adjacent to the project site on North Main Street, a regional roadway that is covered by the Western Riverside County Regional System of Highways and Arterials. The reimbursement agreement would allow the developer to receive a reimbursement from the Western Riverside County's TUMF program in an amount up to $1,836,955.
RECOMMENDED ACTION:
Recommended action
That the City Council authorize the City Manager, or his designee, to execute the Reimbursement Agreement between the City and CI Rancho II, LLC, a California Limited Liability Company, under the Transportation and Uniform Mitigation Fee Program following the provisions of City Ordinance 3264.
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BACKGROUND & HISTORY:
Parcel Map 37747 (PM 37747) subdivided 4.49 acres into four parcels for commercial purposes. The City Council originally approved PM 37747 on August 5, 2020. The parcel map has since been recorded and the project site has been developed, which contains several restaurants and a car wash. The City accepted the public improvements constructed by the developer on June 1, 2022.
Corona Municipal Code (CMC) 16.21 adopts the TUMF Program, which is managed by the Western Riverside Council of Governments (WRCOG). The City is a member agency of the TUMF program, which is a regional development impact fee that is required of new developments and paid b...
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