AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 10/17/2018
TO: Honorable Mayor and City Council Members
FROM: Public Works Department
SUBJECT:
Title
City Council consideration to authorize the Mayor to execute Improvement Agreements for 1150, 1160, and 1170 West Rincon Street - Corona Industrial Park, LLC, a Delaware Limited Liability Company.
End
RECOMMENDED ACTION:
Recommended action
That the City Council authorize the Mayor to execute Improvement Agreements between the City and Corona Industrial Park, LLC, a Delaware Limited Liability Company for 1150, 1160, and 1170 West Rincon Street.
Body
ANALYSIS:
Corona Industrial Park, LLC, proposes to construct three (3) industrial buildings totaling 727,316 square feet at 1150, 1160, and 1170 West Rincon Street. The project is located on the south side of West Rincon Street, east of Alcoa Circle and west of North Lincoln Avenue in the M-2 (General Manufacturing) Zone, as shown on Exhibit "A" (former site of the Golden Cheese Company of California).
The developer is required to construct off-site street, drainage, potable water, and sewer improvements, as shown on Exhibit "B" for the development which will be served by the City of Corona Department of Water and Power. The project will require new sidewalk, curb, gutter, and landscape along the frontage of the project on Rincon Street, within the City of Corona limits. The project will include modifications to the traffic signal on the north-west corner of Lincoln Avenue and the widening of the curb return pocket on Rincon Street to allow for safer truck-turning onto Rincon Street. The developer will enter into Improvement Agreements with the City and post sufficient securities to guarantee construction of these required improvements.
Securities have been posted as detailed below:
COMMITTEE ACTION:
Not applicable.
STRATEGIC PLAN:
Not applicable.
FISCAL IMPACT:
All applicable fees have been paid by the developer.
ENVIRONMENTAL ANALYSI...
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