HomeMy WebLinkAboutNB 1 USE PERMIT 81-29 10-20-82DATE:
October 20, 1982
NEW BUSINESS NO. 1
Inter-Corn
FROM:
SUBJECT:
Honorable Chairman & Planning Agency Members
Community Development Department
Extension of Use Permit 81-29
RECOI~IENDED ACTION
It is recommended that Use Permit 81-29 be extended by Minute Order for a
period of one year. Expiration date would become December ?, 1983.
BACKGROUND & DISCUSSION
On December 7, 1981, the Planning Agency approved Use Permit 81-29
authorizing the multi-phase development of the office, commercial and
retail complex known as the Tustin Town Center to be constructed on the
property fronting Newport Avenue between Main Street and E1 Camino~Real.
Focus EIR 81-2 for the project was certified on October 21, 1981.
As will be recalled, the proposed project is to be constructed in four
separate phases over a period of four years. The developer, Cal Pacific
Properties, considers the project as approved to be on schedule.
Specifically, working drawings are being prepared and should be ready for
plan check submittal in the near future. This month, the site has been
cleared and structures demolished.
Additionally, the developer is considering a modification of the building
elevations to reflect an architectural style even more in keeping with the
downtown area. The Agency will review and approve all building elevations
prior to construction.
Unlike other extension requests the Agency has recently heard, in this
instance, staff is recommending the extension with the concurrence and
request of Cal- Pacific Properties. It is felt the additional time will
provide staff with an opportunity to review the study being prepared by
Katz, Hollis & Coren as it relates to possible Redevelopment Agency
participation in the Town Center Project. Such participation would entail
the use of innovative financing mechanisms that would allow and encourage a
single-phase development of the Town Center rather than in four phases as
is currently planned. An advantage of a single-phase development is that
the maximum return to the RDA and the City as a whole in terms of property
and sales taxes is realized at a much earlier date.
JSD:jh
10-12-82