PLANNING AND HOUSING COMMISSION
STAFF REPORT
DATE: 8/10/2020
TO: Honorable Chair and Commissioners
FROM: Economic Development Department
APPLICATION REQUEST:
Title
Amendment Nos. 2A and 2B 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, 709 Randolph Ave., Costa Mesa, CA 92626)
n
RECOMMENDED ACTION:
Recommended action
That the Planning and Housing Commission recommend APPROVAL to the City Council and Corona Housing Authority of:
1. Amendment No. 2A to the Disposition and Development Agreement with Lab Holding, LLC (Authority South Mall Property - Rest Area, LLC).
2. Amendment No. 2B to the Disposition and Development Agreement with Lab Holding, LLC (Authority South Mall Property - Sun Circle, LLC).
end
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 acquiring properties within the Corona Mall area in hopes of assembling sufficient properties for a complete redevelopment of the area. On June...
Click here for full text