17-0606_ADVANCED GROUP 99-SJ & 03-79-2 (ARES)_E13_PowerPoint PresentationPLAZA BANDERAS HOTEL
DEVELOPMENT AGREEMENT
AMENDMENT - DA 17 -001
City Council
Applicant
Jake Griffith
South Coast Investors II, LLC
1 June 6, 2017
City Council
REQUESTED ACTION
June 6, 2017 2
A Request from South Coast Investors II, LLC
to extend the term of the current Plaza
Banderas Hotel Project Development
Agreement 1 year from August 3, 2017 to
August 3, 2018.
City Council
PLAZA BANDERAS PROJECT LOCATION
June 6, 2017 3
City Council 4
2011 APPROVED PLAZA BANDERAS PROJECT
•Hotel Building -124 Rooms
•Restaurant Building
•Retail/Office Building
•Parking/Landscaping
June 6, 2017
City Council 5 June 6, 2017
2011 APPROVED PROJECT - Hotel
City Council 6 June 6, 2017
2011 APPROVED PROJECT – Office/Retail
City Council 7 June 6, 2017
2011 APPROVED PROJECT – Restaurant
City Council 8 June 6, 2017
PROJECT BACKGROUND
•October 5, 2010 - City Council approved Plaza
Banderas Hotel Project
•July 5, 2011 - City Council approved project DA with
an original 5-year term
•June 2, 2015 - City Council approved DA assignment
from Stroscher G3, LLC to South Coast Investor II, LLC
•May 17, 2016 – City Council approved one-year
extension to DA
City Council 9 June 6, 2017
DEVELOPMENT AGREEMENT SUMMARY
•Extends Validity of Project Entitlements
and related Project EIR.
•Freezes Development Impact Fees to 2011
rates .
•Provides no additional mitigation
measures/exactions beyond those
identified in project EIR.
City Council 10 June 6, 2017
CURRENT STATUS
•December 2, 2015 - new property owner
submitted the “Inn at the Mission” project.
•September 14, 2016 - applicant withdrew the
applications for the “Inn at the Mission”
project.
•2016 - Rough Grading permit was issue.
•2017 - Rough Grading complete.
•2017 - Applicant has informed us that plans for
Plaza Banderas Hotel project with internal
modifications will be submitted soon.
City Council 11 June 6, 2017
IF DEVELOPMENT AGREEMENT IS NOT EXTENDED:
•Hotel Entitlements would become null and
void.
•Proposed Hotel Project would have to submit
new applications and proceed through new
entitlement process with new CEQA analysis
likely required.
•New project would be subject to current
Development Impact Fees.
•Easement Interest for Parking Lot Air Parcel
would become null and void.
City Council 12 June 6, 2017
PLANNING COMMISSION RECOMMENDATION
On April 25, 2017, the PC recommended that
the City Council:
•Grant the requested 1-year extension as a
second amendment to the DA
•Find that said DA amendment is consistent
with the previously certified Project EIR
City Council 13 June 6, 2017
Questions