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HomeMy WebLinkAbout94-101 - Fashion Island Development from Bayview Landing• RESOLUTION NO. 94 -101 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH APPROVING A TRANSFER OF ALLOWED DEVELOPMENT FROM BAYVIEW LANDING TO FASHION ISLAND IN NEWPORT CENTER WHEREAS, as part of the development and implementation of the Newport Beach General Plan the Land Use Element has been prepared; and WHEREAS, said element of the General Plan sets forth objectives, supporting policies and limitations for development in the City of Newport Beach; and WHEREAS, in the General Plan Land Use Element the ability to transfer development rights between sites is established; and WHEREAS, said transfers may be approved so long as the traffic system is not adversely affected and that traffic generation, as it affects the major intersections during critical peak periods, does not exceed the capacities provided in the approved street development plan; and WHEREAS, a traffic analysis was prepared to assess the impact of the proposed transfer of development in the Environmental Impact Report prepared for the Circulation Improvement and Open Space Agreement (CIOSA); and WHEREAS, the Planning Commission has held a public hearing regarding the requested transfer of development rights, and recommended approval to the City Council. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach that a transfer of 30,000 sq.ft. of retail commercial entitlement to Fashion Island in Newport Center is approved. BE IT FURTHER RESOLVED that, if property owner exercises this entitlement prior to the development of senior citizen housing on the Bayview Landing site, an agreement shall be recorded, the form and content of which is acceptable to the Newport Beach City • Attorney, stating that the only allowable development for Bayview Land is for senior citizen housing. 1 • ADOPTED this 14th day of November, 1994. MAYOR ATTEST: PLT: WP51\PATTY•T\CC \gpcf -fildw • 2