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Home My WebLink About2 - City EDC and PBCCity of Tustin Economic Development Conveyance PP & Public Benefit Conveyance y Christopher Koster, Director of Economic Development i AGENDA 01 EDC Property Overview and Progress 0 2 Community ParLPBC Overview and Progress City Economic Development Conveyance ➢ City applied for no -cost EDC in Jan 1999 ➢ MCAS Tustin closed in July 1999 ➢ City received 1,153 of 1,600 acres in 2002 in fee and via Lease in Furtherance of Conveyance (LIFOC) ➢ 979 acres in fee ➢ 174 acres LI FOC ➢ Requirements of EDC ➢ Replace jobs lost by base closure ➢ Replace housing lost by base closure City Economic Development Conveyance Property Received Under EDC MCAS TUSTIN ACREAGE (1,600) ■ City Private Auction ■ Public Benefit ■ Fed to Fed Homeless 1200 1000 :11 .II 400 200 A City Private Public Fed to Fed Homeless Auction Benefit City Economic Development Conveyance Transfers to Other Entities since 2002 ➢ City recognized benefit of proposals that did not receive PBCs ➢ Transferred EDC property to these entities for specific purposes ➢ City EDC property: 1,153 acres ➢ 66 acres transferred to SOCCCD (30.71 subleased — LIFOC) ➢ 15 acres transferred to RSCCD ➢ 40 acres transferred to TUSD ➢ Property exchange with Army Corps for new Army Reserve (15 acres) ➢ Old reserve (14 acres) now owned by City ➢ City left with ±1,000 acres under its control, appx 485 remaining ➢ Appx 80 acres subject to LIFOC RANCHO SANTIAGO H"iri e a School DISERIcf City Economic Development Conveyance Transfers to Other Entities - City EDC Property ACREAGE TRANSFERRED TO OTHERS SOCCCD TUSD RSCCD Army 100 80 60 66 40 40 zo 15 15 0 SOCCCD TUSD RSCCD Army City Economic Development Conveyance Remaining City Property/LIFOC REMAINING CITY PROPERTY = City EDC Property 1000 900 800 700 600 500 400 300 200 100 0 ■ Remaining City Property LIFOC Remaining City Property LIFOC City as Executive Developer: Building a City Goals for EDC Property ➢ Meet Community Expectations and Federal Contractual Obligations ➢ Develop a Vibrant and Connected Community ➢ Build, Attract and Sustain a Diverse Community ➢ Reinvest Public Assets into Community J r< 0 City as Executive Developer: Roles and Responsibilities ➢ Property Owner • Proprietary Review37 df i M Design Planning and Review • Community Building _-..` ➢ Regulatory OversightWo ➢ Executive Developer P _ 1 • Property Management �rs,,� _ y • Public Infrastructure Installation r - -"`'- • Finance/Cash Flow_- • Marketing/Branding,..' - • Developer Solicitation Vt • Design Review/Entitlement ProcessingJt "- ;.; K- - _,� �► Business Deal/Conveyance • Monitor Absorption City as Executive Developer:,.,"; IV, Infrastructure Obligations ,rUM te �� ' ` �y"� • ' ➢ Former military infrastructure not :a y �' �► f suitable for development ➢ 650M estimate �! «.:. ; }�q�,r►;� � I • Over 50% complete Mall ➢ Includes r 1 • Streets, signals, utilities, drainage s• �` . ,y + ` ea • Parks, open space, ped bridges i ➢ Funding Sources • Land sale/lease proceeds Q� , tr • Development fees I . _ a _ — — CFD proceeds._' ' ` ; • Grants, bonds etc. � M • RDAs dissolution in 2012 ➢ $650M estimate does not include... '' I' _. _ • Lon term maintenance services public safety gw _ �' City EDC Development ➢ Residential (3,857 total units) • 2,317 City EDC units • For -Sale and Multifamily, 16% total affordability • 1,540 non City EDC units • Villages of Columbus/Coventry Court • For -Sale and Senior, 20% total affordability • 50+ bed emergency homeless shelter ➢ Retail: 1.2 million SF (The District/Village) ➢ Office: 400,000 SF (Flight) ➢ Institutional: OCFA Fire Station #37 ➢ Parks and Open Space (90 acres) • 42 acres City EDC • 58 acres non EDC (private parks, PBC park) 0 Active, passive and neighborhood parks � tir -�� _ �-v. ''f r—'�"1�'JRaGs.•-$ice _ T w. bil- TUSTIN LEGACY Present Status r- ---� C �I �_. Columbus (Fieri Page rieme;ntcry F—]Residential veter (2,317 City, 3,857 total) e MssA SParkb ts ❑ Commercial F-1Institutional & Institutional ❑ Pa rk ❑ Undeveloped & Not Controlled by City 001 A � � F 1 �I I Legacy, I Park Ph. 1 lid. � 1 I Tustin I v� Field I ly- Tustin I' Field II ac ademy f€ �n.- ♦ t4l Greenwood I • Columbus I Grove Log' / Amalfi - , �� [ Columbus . Grove Brookfield (Irvine) he District 'all 4 ailk 110 L { POI 4e,EPAVENNLIE r Y,• . ` " �... I Via, ._. .. ' .� ' � r ;._' _ .• s , k � . - � � _ 1 I ILI 10 YS gig �I 1 ,. - A f a i i .1 R� z - r— — FLIGHT _ �r ° f R'ERAVENUE WARNERAVENUE • Mfr a I« �1 II I. T U ST I Ni,i: -•. — — — — — — — — — — — J - L _ _ — — ._ _ J LEGACY i , i I I F_riL �wt sW ii"'I1 '. Y alk ,, N&ML� — —I�VL . i .mL :_. � � d ai i •; t.— 1 ' _3A J fa in ?] ' Eli _ • 1 ' C P �T . i St r � ARNEkAVEPIUe � ►. .1 t4 fip TUSTI4.. �_ _ _ _ _ _ _ J s — — — — — — j LEGACY L,.A1�,R, ! ..�kltRA�dCi1rPARF y'"" - Nl-�l_`_..i:.'mL.-e:_. •.•.�._ur..d ai i,; :r1ti t--�r"r:�t.�:�'i'n.f,i,rtr Nm MR I • • - o o I oo- •P� ' � J WARNER AVENUE - --- , �N LL �i Tooft A €DIHGERAVENUE _ _ r^! C ,..1 loopw -. T ' :. 1A FL- Q VALENCIA AVENUE 4 , Eli 4 i V �� Y. '_- .� L la .rt�sm-xT�..?. CYC✓ J L J 16 LEGACY _ Ih�n.�f,i;rrr�� _r . _.M=EDIHGMffi "E Esplanade Intersection - Elevation i -�7!)M, r r 4Y , -,q Flight VALENCIA AVI Levity mail Brookfield Neighborhood D South Infrastructure LeIj�af- a: qjj'& 11[ 0 Z, South Hangar <I 7 1 I Vii' WARNER AVENUE N L — — — — wAru –BAMEN75MIR RCHSTUOMS AlleyGrove View jr 6.7, 7:73 L& TUSfINF- rG CY M gacy Par Pha e C0--ceDto D si — ConstrLuction Do - ments Programs al JCIA AVENUE r I Q , -77 E� - Tustin Legacy Park�- Concept Plan _ Eli �( L ,. I ... w'..r.. ,.,,net,,. .._�� ....,, 'i - A L E G A C Y - �r — — — — — — — — — — .- +- — — — — — — � �i _ L�l�_�i�..i.dL.e�_.��t3 � _ur�id ai i•+:��. ..t--'��-�"_._a.� :�`' �X€�f,nrr-x�ii� -'_r . TUSTIN LEGACY I a AC \ v. �. Active Proiects \ Flight ,. / i�\; ➢ Levity ➢ Brookfield ➢ Neighborhood D South Infrastructure ➢ Legacy Park - ➢ South Hangar h - _ seitnomIN in R7. ing,,m�ainte ance,and_secu onng I en ng=(events/film i7. Stru •t ra 'n eu assessmen x � a �. 5M 01 E D I NGER AVE N UE rST ' F. C Y ' 1 -NUE 4 k.. WARNEkAVE NUE ►. a4`ry, .1� 4 ..d -- Y,r 'z" J TUSTINi= LEGACY Veterans Sports Park at Tustin Legacy ➢ 4 multipurpose fields ➢ 3 baseball/softball fields ➢ 2 basketball courts ➢ 4 tennis courts ➢ 8 pickleball courts ➢ 2 sand volleyball courts ➢ Skate park ➢ Splash pad ➢ Veterans memorial ■.