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21-0601_ADVANCED GROUP 99-SJ & 03-79-2 (ARES)_D2_PowerPointDevelopment Agreement (DA) 21-001Distrito La Novia –San Juan Meadows Item D2 June 1, 2021 1 DISTRITO LA NOVIA 154-acre Mixed Use Project approved in 2010 Distrito La Novia:18.7 acres -130 attached units -65,700 sq. ft. of commercial space San Juan Meadows: 137 acres -94 Single-Family units -Equestrian facility for up to 500-horses 2 SAN JUAN MEADOWS 3 Background •November 2010 -City Council approves reduced project entitlements and Development Agreement •June 2011 -Voters approve “Measure B”upholding City Council’s 2010 reduced project approval •June 2017 –City Council extends DA to June 7,2021 •Rough Grading Permit currently under review 4 Development Agreement •Establishes validity of entitlements and Project EIR •Identifies developer obligations including: •Trail dedications •Off-site traffic improvements and/or fair share payments for improvements around project site •26 affordable housing units 5 Requested DA Extension •Applicant requesting a 3-year DA extension to allowmoretimetoobtainagencypermits. •April 27,2021 PC recommendation: •Approve 3-year DA extension •Require Applicant to pay City an in-lieu fee if project’sequestrianfacilityisnotconstructed,with the in-lieufeeutilizedforequestrianuses. 6 DA Amendment Terms •Mayor Sub-comm,staff and Applicant worked out terms: •3-Yr extension to 6-7-24 w/ability for City to extend for anadditional3years •Project equestrian facility for a minimum of 140 horses •Applicant to complete equestrian facility in 6 years •Applicant to pay $2M public benefit fee to City &provide 3-acre passive use open space for 12 City events/year ifequestrianfacilityisnotconstructedin6years 7 Staff Recommendation Introduce an ordinance granting a three-year DA extension and amending certain other terms oftheDA. 8