File #: 18-2157    Version: 2 Name:
Type: Public Hearings Status: Passed
File created: 9/26/2018 In control: Planning and Housing Commission
On agenda: 10/22/2018 Final action: 10/22/2018
Title: DA2018-0001: Development Agreement between the City of Corona and Richland Ventures, Inc. establishing the vested right to develop 292 single family residential units on approximately 249.5 acres approved by Tentative Tract Map 36544 on February 1, 2017 in the R-1-7.2 (Single Family Residential, 7,200 square foot minimum lot size) zone, ensure installation of necessary public improvements and assure development of the project on the project site, (generally located south of Foothill Parkway and west of Trudy Way), is done in accordance with the terms and conditions of the Agreement. (Applicant: Richland Ventures, Inc., 3161 Michelson Drive, Suite 425, Irvine, CA 92612).
Attachments: 1. Staff Report, 2. Locational and Zoning Map, 3. Exhibit A - Proposed Development Agreement, 4. Exhibit B - Environmental Documentation.pdf, 5. DA2018-0001 PC pres
PLANNING AND HOUSING COMMISSION
STAFF REPORT


DATE: 10/22/2018

TO: Honorable Chair and Commissioners

FROM: Community Development Department

APPLICATION REQUEST:
Title
DA2018-0001: Development Agreement between the City of Corona and Richland Ventures, Inc. establishing the vested right to develop 292 single family residential units on approximately 249.5 acres approved by Tentative Tract Map 36544 on February 1, 2017 in the R-1-7.2 (Single Family Residential, 7,200 square foot minimum lot size) zone, ensure installation of necessary public improvements and assure development of the project on the project site, (generally located south of Foothill Parkway and west of Trudy Way), is done in accordance with the terms and conditions of the Agreement. (Applicant: Richland Ventures, Inc., 3161 Michelson Drive, Suite 425, Irvine, CA 92612).

End
RECOMMENDED ACTION:
Recommended action
That the Planning and Housing Commission recommend APPROVAL OF DA2018-0001 to the City Council, based on the findings contained in the staff report.

Body
PROJECT SITE SUMMARY
Area of Property: 249.5 Acres

Existing Zoning: R-1-7.2 (Single Family Residential, 7,200 square foot minimum lot size).

Existing General Plan: Low Density Residential (LDR, 3-6 dwelling units/acre)

Existing Land Use: Undeveloped

Proposed Land Use: Single Family Homes (292 lots approved by TTM 36544)

Surrounding Land Use:
N: Unincorporated Riverside County, Open Space.
E: Single family homes in the Planned Community District, R-1-7.2, R-1-8.4, R-1-9.6 and R-1-A zones.
S: Open space land with parts in the unincorporated Riverside County.
W: Open space for the Cleveland National Forest and some rural residential in unincorporated Riverside County.


BACKGROUND
The project site was an annexation request that was approved by the City Council on February 1, 2017 and the Riverside County Local Agency Formation Commission (LAFCO) on October 19, 2017. LAFCO issued a Certificate of Completion on Februa...

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