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Home My WebLink AboutCITY OF TUSTIN DEVELOPMENT UPDATES - ITEM 1City of Tustin Development Updates Economic Development Conveyance Economic Development Department August 20, 2024 ERINGER AVENUE r — — — — — — — — — — — — — — - I I I I r WARNER AVENUE 1 — — — — - - — — — — — — — — — BARRANCA PARKWAY I I I I I I I I W ~ — --- �ti " 4� • 3 -�.' `x SMALL DOG PARK ! e `o- �< 107 I i o o �• zI Z S . O r W \ F r / QI ` IA r ' r •Y L WARNERAVENUE "s J 4e �� r L- - - - - - - - - - - - - - - - - - - - J BARRANCA PARKWAY FFEiT D IVE�'. P ERINGER AVENUE r — — — — — — — — — — —s- I \ h: ------ -- LU zLU al � H a - LUI L ' ' rrr 1 �00 , 1 WARNERAVENUE V, �� \� Q - - - - - - -... -. - - - - - - - - — �� BARRANCA PARKWAY 1 a r' WUARNERAVENUE I 1 1 I 1 , ct 1 I °I 1 I =I 1 I al 1 I Active Projects Confluent EVA Developer: Confluent Development Project: Senior congregate care facility (nonresidential land use) 6 acres in Neighborhood D-South 264 units of: Independent living Assisted living Memory care DDA under negotiation DDA/Entitlements: Q1 2025 NProject Area r - s i �' I ■ r � U L 14 4. WOW �r EDINGE Active Projects Armstrong Ave Ped Bridge lu Connection from Legacy Park Phase 1 to Phase 2 Concrete edge girder w/wood accents and Lighting design Terraced planters In plan review stage LU Mound construction z LU IA -J Part of ND South Infrastructure Mounds settle for up to 1 year and LU will be "shaved" back WARNER"ENUE J Est. construction start: Q2 2025 LL, Project Area -- ---- - ---- - ERINGER AVENUE Programs I RIPARIAN OPEN AWN GARDENS HUFF sycamore woodland I W \ z W QI ` '^ LU WARNERAVENUE J 00 00 JW I I I L—————— — — — — -— ___---——-- BARRANCA PARKWAY ► ► r ► r ► r ► r ► r EDINGERAVENUE cr WARNERAVENUE Lu JW - - - - - - - - - - - 77- - - - - - - - - BA RA7CA PARKWAY Mr-il . ii E`3iSaEfi i'a''•ii�E — — — — r--—————————— — ---j-_ .. — ��METROLINK „f 1 VALENCIA AVENUE ' 1 \ I✓ + ; ✓✓✓' % 9 + \ t �s rs y yL t \\ tV- J ILI \ ('J -1io —ti, Lu Q I \tA I ,+ C OWC A. WARNER AVENUE WARNERAVENUE I _OV,i . _•.. Pic. I � -{:� For -Sale 0 Multifamily 0 Senior 0 u- I r Lu of Office 0 Park: 0A 0 :..- — _ _ _ _ -- — — — — — — — — — BARRANCA PARKWAY ERIMGER AVENUE is r I I I I I I I I I W 'zl W al J xl a LI 1 1 1 1 1 1 I �� DmrMmn%-ia rAnnvvAi r — — — — — — — — — — ERINGERAVENUE '—� vaGv= ;;.�_ hbd VALENCIA AVENUE 1 r,- NeigorhooG 1 Q - 2,229 Total Units Remaining 1 , —. ♦ ♦ MOFFETT0000 I 1 ♦0000 LU al ; Neighborhood D North ; d. to =1 1 1,911 Total Units Remaining o I 00 �=j, A. -- WIARNERAVENUE WARNERAVENUE rr♦♦♦ 1 a �� I a' J Q� Neighborhood�JW //:s D South a s` 996 Total Units j of RemainingLU BARRANCA PARKWAY A 0. EDINGERAVENUE i- - - - - - - - - - - - - - - - - - - - - - - - - - 7 ----------- g'. VALENCIA AVENUE r 0 1 ta.n........... % ft 00 ♦ 00 00 % 00 04— '6000,00 % 00 F- . IS- Lu z r - - - - - - - - - - - Lu so Lu 00 40 ftft -ft o0#000 00 00 cr 00 00 WARNERAVENUE 100 J %o .0 ov", % v ft JW % ct 0 Lu Lu m - - - - - - - - - - - - - - - - - - - - - - BARRANCA PARKWAY - - i Lease in Furtherance of Conveyance (LIFOC) The City leases portions of Tustin Legacy from the Navy via Lease in Furtherance of Conveyance (LIFOC) Why? City applied for and received a no -cost Economic Development Conveyance (EDC) for 75% of the 1,600 acre base City was conveyed most of the 75% in 2002 Portions of that 75% were held by the Navy for further environmental investigation and remediation Property cannot be conveyed until the environmental investigation is complete, or remediation stabilized Changing remediation standards and emergence of per and polyfluoroalkyl substances (PFAS) have delayed conveyance for years LIFOC Property: 2002 ❑ City Economic Development Conveyance (EDC) EDC LIFOC Property Public Benefit PBC Conveyance Y ( ) Online Federal auction to parties arties p ❑ Homeless assistance conveyance Federal to Federal LIFOC Property: 2024 7 a Edinger Avenue 23 24 4 21 24-1 B 22A 4-1rA 22 B 20 1A 19A , b 19B ?B: 2A 1 15A WarnerAvenue- i 4 5 14 r; _ 9 12 e 6 26 41 41 41� 33 L41 K 28 a 41 LIFOC Navy Owned, Non-LIFOC ' 41� 7 �41 f-41 Barranea Parkes ERINGER AVENUE I I VALENCIA AVENUE - ��......... .� ro ' b r Lu 7 I w \\ F r ; J \ VI ! al c r J + cc 4 , a - r ,`^------ W I t:= o- °Ix WARNERAVENUE `s�`� �\ W \� .rf J ov, r. s`u al a. °I r TJYs,.lf54 ` - W Lu so 4 r; ..r BARRANCA PARKWAY ► ► ► I ► r ► r ► r 1 I Immediate Response & Ongoing Protection Costs Security Ongoing $480K $1M Rented Exterior Cameras Ongoing $170K $250K Rented Exterior Lighting Ongoing $56K $84K Vinyl Fencing/Wire One -Time N/A $1.2M Temporary Electricity Mostly One -Time $155K $15K (minimal ongoing) Roll Up Doors One -Time $30K - Total One Time - $185K $1.2M Total Annual Cost - $706K $1.35M Funding source: South Hangar Rehab CIP Project (Land Sale Proceeds) Improvements Under Design/Analysis Costs Permanent Electricity & Lighting $28K $1M - $2M Permanent Exterior Cameras N/A $350K Fire Panel $40K $1.5M Additional Hydrants, Fire Water and Emergency Access Improvements $175K $1M - 2M Fire Protection Study/ Technical Report $80K TBD Total $323K $3.9 - $5.9M Funding source. South Hangar Rehab C/P Project (Land Sale Proceeds) Permanent water, access, other building improvements are ,beyond this scope and unfunded Year By Year Analysis (FY 23/24-FY 29/30) FY 23/24 $891K $323K $1.21M FY 23/24 $891K FY 24/25 $2.55M - $3.76M FY 24/25 $2.2M FY 25/26 $1.35M - $5.11M FY 25/26 $1M FY 26/27 $1.35M - $6.46M FY 26/27 $1M FY 27/28 $1.35M - $7.81M FY 27/28 $1M FY 28/29 $1.35M - $9.16M FY 28/29 $1M FY29/30 $1.35M $10.51M FY29/30 $1M $323K $3.9 - $5.9M Funding source: South Hangar Rehab CIP Project (Land Sale Proceeds) Permanent water, access, other building improvements are ,beyond this scope and unfunded $1.21M $7.3M - $9.3M $8.3M - $9.3M $9.3M - $10.3M $10.3M - $11.3M $11.3M - $12.3M $12.3M - $13.3M Moffett Field Hangar 3 Moffett Field: LTA Base transferred to NASA and leased to Planetary Ventures (Google) Planetary Ventures to rehab Hangar 1 and 2, demo Hangar 3 Hangar 1: Steel, currently undergoing renovations Hangar 2: LTA Hangar, currently undergoing renovations Hangar 3: LTA Hangar that was stabilized, currently undergoing demolition Hangar 3 Demolition Environmental documentation complete, demolition underway Mitigation, Design & Demo Cost: $20M-$40M (unconfirmed) 1 1 H=n-gga7rlz3ZB-Fi7ngfte M 0lish. South Hangar Next Steps Agendize discussion of South Hangar current status and future Notify Tustin Legacy community and general public well in advance City Council discussion/direction on: Current security and fire protection measures Funding for short and long term improvements Current and future use of building for short/Long term uses Other items City Council and/or public wish to discuss ERINGER AVENUE r — — — — — — — — — — — — I I i — ;ILENCIA \ 100 1 00 I �� I 1 1 W \ %-------------J z W 'F / Q I ` ^ ' =1 LU ❑ _ rR • WARNERAVENUE k r Qp, JW { so — — — — — - -- _ _ — — — — — — — — — �� BARRANCA PARKWAY f � r WARNER AVENUE f' �d r > I 1 1 I r , ❑t °LU I I LU =I ! I al I I Reuse Planning Process Goal: Develop new land use and circulation plan to inform Navy of how to dispose of property Any new revenue generating uses on Parcel 18 (residential, commercial) may require a monetary contribution to Navy (one time, participation, etc) City may be interested in accepting all, portions of, or none of the property based on Navy monetary expectation Property transferred to City may be incorporated into existing EDC Property transferred to City for public uses would likely be at no -cost Any property not transferred to City may be auctioned off by Navy Parcel 18 Reuse Planning Process Steps Environmental Analysis/N Hangar Evaluation Public Use Evaluation (Parks, Facilities, etc) Land Use & Circulation Alternatives Infrastructure Analysis Land Valuation Analysis Public Meetings Project Description for CEQA/NEPA Navy Negotiations Reuse Plan/Specific Plan amendment 1 . . Y Parcel 18 Next Steps Q1 2025 Multiple public meetings on land use and circulation alternatives City CounciULRA adoption of proposed Reuse Plan preferred alternatives) Q1 2025 Navy review and acceptance of proposed reuse plan alternatives) Preliminary negotiations with Navy .W Project description for CEQA/NEPA (environmental review) CEQA/NEPA review Reuse Plan/Specific Plan amendment Property transfer from Navy to City/others — LIFOC 1 7 4 4 LRA Executive Director Comments & Recommendations Direct staff on communicating information provided during presentations Direct staff on the desire for future meetings of the Local Reuse Authority or other meeting formats r" City of Tustin IS Communications Manager Stephanie Najera • t day ago f At the August 20, 2024, City Counril meeting, the Council will discuss the latest developments and future plans for the Tustin Legacy project. This n-=- See more M /OOOOO—=MWO= N UJII Remembering what connects us. Questions ?. Economic Development Department 714-573-3117 Tustin EconDevDept(a-tustinca.orq