HomeMy WebLinkAboutAgenda Report - November 7, 2007 E-16AGENDA ITEM FW or
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AGENDA TITLE: Adopt Resolution approving the 2007 Annual Review of the Reynolds Ranch
Development Agreement
MEETING DATE: November7,2007
PREPARED BY: Community Development Department
RECOMMENDED ACTION: Review the status of the Reynolds Ranch Development Agreement
and adopt a Resolution making the determination that the San
Joaquin Valley Land Company is in compliance with the 2007
annual review of the Development Agreement as executed on
October 6,2006.
BACKGROUND INFORMATION: As required by the California Government Code that governs
development agreements, this report represents the first annual review to measure the compliance and
progress of the development agreement by and between the City of Lodi and the San Joaquin Valley
Land Company LLC (hereafter referred to as Landlord). As described in Section 14 of the development
agreement, an annual review of the agreement shall occur eitherwithin the same month each year as the
month in which the agreement is executed or the month immediately thereafter. This agreement was
executed on October 6, 2006, and therefore, the annual review is due. The document was reviewed by
the Planning Commission on October 24,2007 and found to be in compliance.
ANALYSIS
As of the date of this first annual update, the Landlord has not pulled any residential building permits or
used any of his housing allocations. Significant engineering and site work has been complete and
continues with respect to the office building of Blue Shield of California and the entire supporting
infrastructure.
Blue Shield of California has executed and recorded the "transfer of Assignment" for their 20.5 Acre
parcel of the 220 Acre Reynolds Ranch Master Plan. Blue Shield closed escrow on the property from
San Joaquin Valley Land Company, on June 25, 2007. Their building plans are currently undergoing
plan check. Site work has included the finished grading. SPARC approval for the office building was
granted on July 16, 2007. Blue Shield is targeting completion of the building on October of 2008.
Anticipated move in date is fourth quarter of 2008.
Reynolds Ranch has begun phase one site improvements which provide realignment of the frontage road
and the backbone utilities for the majority of the project area including Blue Shield. Phase two includes a
detailed development plan and supporting engineering. This work is anticipated to start before the end of
the year and commence by the end of 2009. Anticipated ground breaking for the retail portion of Phase
two would be the third quarter of 2008.
APPROVED:
Bla' , City Manager
The Landlord has acknowledged the requirement to complete an annual review of this development
agreement and has provided evidence to the Community Development Director and/or designated staff
to demonstrate good faith compliance with this agreement. Staff and Landlord have developed a matrix
to account for the multiple obligations and intend to use this matrixfor the life of the DA (See attached).
FISCAL IMPACT
This proposed Development Agreement annual review is revenue neutral. Preparation of this report and
related efforts are subject to reimbursement by the Landlord in accordance with the City's schedule of
fees and billing rates in affect at the time of review.
FUNDING AVAILABLE: None required.
Randy Hatchommunity Development Director
Attachments: 4) Reynolds Ranch Development Agreement Compliance Report
2) Planning Commission Recommended Resolution P.C. 07-32
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