Loading...
HomeMy WebLinkAboutOrdinances - No. 1862ORDINANCE NO. 1862 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LODl RESCINDING DEVELOPMENT AGREEMENT PERTAINING TO THE DEVELOPMENT OF 151 ACRES LOCATED ON THE WEST SIDE OF LOWER SACRAMENTO ROAD BETWEEN THE WOODBRIDGE IRRIGATION DISTRICT CANAL AND VINE STREET (WESTSIDE PROJECT) (D EVE LOPM E NT AGREEMENT GM-05-002) ................................................................... ................................................................... BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LODl AS FOLLOWS: SECTION 1. The Lodi City Council passed Ordinance No. 1794 approving a Development Agreement covering the following property: Westside Project: 151 acres within the Westside Project area located on the west side of Lower Sacramento Road between the Woodbridge Irrigation District canal and Vine Street (Assessors Parcel Numbers 029-380-05, 027-040-01 , 027-040-020, and 027-040-030). SECTION 2. Frontier Community Builders (“Frontiers”), the sole party to the above referenced Development Agreement, requested that the agreement be rescinded by letter of May 16, 2012, a copy of which is attached hereto and incorporated by reference. However, Frontiers Citizens for Open Government and the City entered into a settlement agreement dated December 4, 2007 (“settlement Agreement“), the obligations of which were incorporated into the Development Agreement. This ordinance shall not terminate any of the obligations set forth in the Settlement Agreement. Moreover, the Settlement Agreement shall continue in full force and obligate Frontiers to comply with all of the obligations set forth in the Settlement Agreement. SECTION 3. The City Council hereby finds that termination of the Development Agreement is in the best interest of the City to ensure that any construction is subject to the new impact mitigation fee program, and to eliminate conditions in the Development Agreement that could present barriers to housing construction in the current economy. SECTION 4. The City Council hereby finds that the termination of the Development Agreement is consistent with the General Plan land use designation and the zoning for the proposed Development. SECTION 5. The City Council hereby adopts Ordinance No. 1862 rescinding the Development Agreement by and between the City of Lodi and Frontier Community Builders. However, the Settlement Agreement shall continue in full force and obligate Frontiers to comply with all of the obligations set forth in the Settlement Agreement. SECTION 6. No Mandatory Duty of Care. This ordinance is not intended to and shall not be construed or given effect in a manner which imposes upon the City, or any officer for employee thereof, a mandatory duty,of care towards persons or property within the City or outside of the City so as to provide a basis of civil liability for damages, except as otherwise imposed by law. 1 SECTION 7. Severability. If any provision of this ordinance or the application thereof to any person or circumstances is held invalid, such invalidity shall not affect other provisions or applications of the ordinance which can be given effect without the invalid provision or application. To this end, the provisions of this ordinance are severable. The City Council hereby declares that it would have adopted this ordinance irrespective of the invalidity of any particular portion thereof. SECTION 8. This ordinance shall be published one time in the “Lodi News-Sentinel,” a daily newspaper of general circulation printed and published in the City of Lodi, and shall take effect 30 days from and after its passage and approval. Approved this lgth of September, 2012 JOANNE MOUNCE State of California County of San Joaquin, ss. I, Randi Johl, City Clerk of the City of Lodi, do hereby certify that Ordinance No. 1862 was introduced at a regular meeting of the City Council of the City of Lodi held August 15, 2012, and was thereafter passed, adopted, and ordered to print at a regular meeting of said Council held September 19, 201 2, by the following vote: AYES: NOES; COUNCIL MEMBERS - None ABSENT: COUNCIL MEMBERS - Hansen COUNCIL MEMBERS - Johnson, Katzakian, Nakanishi, and Mayor Mounce ABSTAIN: COUNCIL MEMBERS - None I further certify that Ordinance No. 1862 was approved and signed by the Mayor on the date of its passage and the same has b City Clerk Amroved as to Form: City Attorney 2 May 16,20 12 Ivfr. Rad Bartlem City Manager City of Lodi 22 I West Pine Street Lodi, CA 95240 Re: Westside and Southwest Gatewav Development Ameernents - Request for Termination Dear Rad, Last April, 20 1 I, I sent you a letter formally requesting temkation of the Westside and Southwest Gateway Development Agreements (see attached). The letter followed nearly ten months of regular meetings with City Staffand their consultants working on Lodi's Impact Mitigation Fee Program OMFP) update. We were convinced then that the Westside and Southwest Gateway properties should be included in the XLVIFP and the Development Agreements terminated. Now, over a year later, the IMFP update is nearly complete, and the Westside and Southwest Gateway properties are an integral part of the updated TMFP. Clearly, then, it is time to move forward to cancel the old Westside and Southwest Gateway Development Agreements and establish an economic framework for residential development to proceed within the current City Emits. At your request, I will outline below the main reasons we feel the Development Agreements should be cancelled. 1. The Development Agreements did not address the actual impacts resulting from new residential development. When the Westside and Southwest Gateway projects were moving through the entitlement process, the City's existing impact fee program - originally adopted in 199 I - had not been updated for 15 years. Wile the fes had been periodicafIy increased over time, many of the underlying assumptions about program funding had changed and it was those old fee programs that provided the basis for the Agreements. Furthermore, other fees were included in the Agreements, some of which bore littie or no relationship to growth impacts from tlie Westside and Gateway projects. ' E3 10100 TRlNlTY PARKWAY. SUITE 420 STOCKTON. CALlPORNIA 952 19 209-957-81 12 FAX 209-957-36 I8 WWW.FCBWOMES.COM Now, nearly six years later, the City has the cumulative benefit of precise plans for the Westside and Southwest Gateway and a new General Plan. The City’s Staffis also approaching the end of a two year comprehensive study of growth impacts via the IMFP’ which include the Westside and Southwest Gateway properties. Their work, dong with the Council’s ultimate approval, will result in an updated, tailored IMFP. The new IMFP will be a far better and more accurate way to mitigate impacts from both the Westside and Gateway projects in comparison to the mitigation sought by the Agreements. 2. The Development Agreements have a fifteen year term. were never imdemented and cannot be comuleted before they expire. The national, state and local housing markets were at lGstoric levels when the Development Agreements were approved in 2006. The fifteen year term of the Agreements seemed reasonabIe at the time given the active market conditions. However, the market has since plummeted to historic lows, Furthemore, City Staff, consultants, and developers are not expecting new residential development to even begin for another two to three years. By that time, the Development Agreements will only have approximately seven years remaining before they expire. This is less than half the time that was deemed appropriate under: the best of market conditions and will simply not be sufficient time to complete these projects. At a minimum, the Development Agreements need to be renegotiated to account for this fact alone. However, as noted, it would be more accurate and efficient to put the entire City under one (updated) WP. Having to renegotiate the Development Agreements, regularIy monitor compliance, and account for all funds and programs separate from the IMFP would be time consuming and an unnecessary financial burden for everyone involved. 3. The Development Agreements required uredetermined lump sum payments for certain fees that cannot be financed without a robust and consistent housing market. Historically, the City’s IMFP has been designed to be a “pay-as-you-go” system. This allowed the pace of devdopment to mirror the acceleration or decline of the housing market. The proposed updated MFP will likewise operate on a “pay-as-you- go” basis. This is a more sustainable way to manage growth, particularly in a coinmunity like Lodi - where the long term residentid growth rate is relatively slow. Development in Westside and Southwest Gateway will likely occur in phases by multiple development interests. While this is consistent with how development in Lo& has occwred for mmy years, it makes the p3ymezl.t: of large, lump sums on a predetermined schedule virtuaIIy impossible to finance. Development Agreements with lump sum payments work best on large scale projects expected to be completed in a predictabfe fashion. They can even work effectively on small projects when the completion can be reasonably forecasted. However, in a cornunity like Lodi, this structure will not work effectively on larger scale areas of development over longer (less economically predictable) periods of time. j While the issues outlined above are not exhaustive, they highlight several important factors which underscore the need to terminate the Westside and Southwest GatewayDeveIopment Agreements. Alternatively, these Development Agreements could be renegotiated, but that should be weighed against the inclusion of these projects in the updated IMFP program. The Agreements were executed during an unprecedented "Housing Bubble" fueled by fie "Znational Exuberance" of a dysfunctional financial system. These dynamics no longer exist and will not return in our lifetime. The housing market, as we11 as the overall economy, is struggling to find its footing following one of the worst recessions in history. Fortunately, the City has moved on and set a couke to plan for sustainable future growth base on realistic assumptions. The Westside and Soutt.rwest Gateway projects will be a major component of the City's planned growth plans for the next ten to fifteen years. With this in mind, it is our belief that it will be more efficient, balanced and productive to utilize the updated IMFP for the Westside and Southwest Gateway projects once it is adopted by the City Council. Sincerely, Thomas P. Doucette President