HomeMy WebLinkAboutItem 09c - Agreement for the Huntington Plaza Mixed-Use Project
DATE: September 1, 2020
TO: Honorable Mayor and City Council
FROM: Jason Kruckeberg, Assistant City Manager/Development Services Director
Lisa L. Flores, Planning & Community Development Administrator
By: Luis Torrico, Senior Planner
SUBJECT: ORDINANCE NO. 2373 APPROVING A DEVELOPMENT AGREEMENT
WITH NEW WORLD INTERNATIONAL, LLC RELATING TO THE
HUNTINGTON PLAZA MIXED USE PROJECT LOCATED AT 117-129 E.
HUNTINGTON DRIVE AND 124-134 WHEELER AVENUE
Recommendation: Acknowledge the Approved Mitigated Negative
Declaration and Adopt
SUMMARY
At its regular meeting of August 18, 2020, the City Council conducted a public hearing
and adopted Resolution No. 7331 approving Minor Use Permit No. MUP 20-04, Major
Administrative Modification No. Major AM 20-11, Architectural Design Review No. ADR
18-05, and Vesting Tentative Tract Map No. TTM 19-01 (82734) for the development of
a mixed-use project. The City Council also introduced Ordinance No. 2373 (refer to
Attachment No. 1) approving a Development Agreement with New World International,
LLC relating to the Huntington Plaza mixed-use project.
The proposed development will consist of two separate buildings and a shared
subterranean parking structure. The first building consists of four stories of residential
units (39 condominiums) over 10,200 square feet of ground floor commercial at 117-129
E. Huntington Drive. The second building is a five-story residential building (100 units)
with surface parking on the ground floor that consists of private and public parking stalls
at 124-134 Wheeler Avenue. The project site is made up of seven (7) parcels, including
a City owned parking lot that contains 55 public parking stalls. As part of the development,
the Development Agreement is required to facilitate the sale of the parking lot for $2.15
million to the Applicant to include into the overall project site. The Development
Agreement requires that the 55 public parking stalls be replaced at a 1:1 ratio within the
proposed development and be dedicated as public parking spaces in perpetuity.
Adoption of Ordinance No. 2373
September 1, 2020
Page 2 of 2
The Development Agreement includes a 10 year term, and it requires that a parking
access easement agreement be recorded within 30 days of the effective date of the
Development Agreement to ensure that the 55 parking spaces remain public and
accessible at all times (refer to Attachment No.1). Lastly, the proceeds from the sale of
the City owned parking lot will be set aside in a parking fund to facilitate additional parking
improvements with the Downtown.
Attached is Ordinance No. 2373 with the development agreement, which includes the
parking easement agreement. It should be noted that the project entitlements included a
Mitigated Negative Declaration in accordance with the California Environmental Quality
Act. All of the project materials, including Resolution No. 7331, can be found at the
following link: https://www.arcadiaca.gov/agenda_detail_T46_R748.php.
RECOMMENDATION
It is recommended that the City Council acknowledge the approved Mitigated Negative
Declaration and adopt Ordinance No. 2373 approving a Development Agreement with
New World International, LLC relating to the Huntington Plaza mixed-use project located
at 117-129 E. Huntington Drive and 124-134 Wheeler Avenue.
Attachment No. 1: Ordinance No. 2373, including the Development Agreement and
Parking Easement Agreement