AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 11/7/2018
TO: Honorable Mayor and City Council Members
FROM: Community Development Department
SUBJECT:
Title
City Council consideration of Ordinance No. 3287, for DA2018-0001 a Development Agreement between the City of Corona and Richland Ventures, Inc. establishing the vested right to develop 292 single family residential units on 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.)
End
RECOMMENDED ACTION:
Recommended action
That the City Council:
1. Introduce by title only and waive full reading for consideration of Ordinance No. 3287, first reading of an ordinance approving a Development Agreement with Richland Ventures, Inc. for the development of 292 single family residential homes on 249.5 acres of land (generally located south of Foothill Parkway and west of Trudy Way), in Corona, California, pursuant to California Government Code Section 65865 et seq. (DA2018-0001)
Body
ANALYSIS:
Richland Ventures requested to enter into a development agreement with the city that would give them the vested right to proceed with the development of TTM 36544. TTM 36544 subdivides 249.5 acres into 292 single family residential lots in the R-1-7.2 (Single Family Residential, 7,200 square foot minimum lot size) zone, generally located south of Foothill Parkway and west of Trudy Way. TTM 36544 was approved by the City Council on February 1, 2017, which also included the certification of an Environmental Impact Report (EIR) for the project. The City Council at its meeting on October 17, 2018, granted TTM 36544 an extensio...
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