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HomeMy WebLinkAbout15 - Bayview Landing Coastal Commission EntitlementCITY OF NEWPORT BEACH CITY COUNCIL STAFF REPORT Agenda Item No. 15 January 27, 2004 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: Community & Economic Development, Planning Department Daniel R. Trimble, Program Administrator 949/644 -3230. drtrimble @city.newport- beach.ca.us SUBJECT: Appropriation of $73,944.77 from the Affordable Housing Trust Deposit to Account #0510 -8080 and Account #7014- C2700706 to pay various legal and consulting fees related to Bayview Landing Coastal Commission Entitlement. ISSUE: Appropriate funds to pay consultant contracts in support of the Bayview Landing Coastal Commission entitlement process. RECOMMENDATION: Approve a budget amendment appropriating $65,368.70 from the Affordable Housing Trust Deposit to City Attorney's Professional Services account and $8,576.07 to the Bayview Affordable Housing CIP account. DISCUSSION: Background: On November 5, 2003 The Coastal Commission approved a revised development plan for a 120 unit affordable senior housing project at the Lower Bayview site as well as a 10 acre park on Upper Bayview. The site is southwest of the intersection of Jamboree Road and Back Bay Drive. All 120 units will be affordable and will assist the City in meeting our regional housing requirements. The plans for the project had been approved by the City Council, Planning Commission, and Parks, Beaches and Recreation Commission. This is in addition to the $200,000 previously transferred for services related to the City's entitlement process. $50,000 was initially transferred to Account #7014- C2700706 to pay for consultant services during the City's entitlement process and another $50,000 was transferred to the same account for consultant services during the Coastal Commission Fund Transfer for Lower Bayview Project January 27, 2004 Page 2 entitlement process. The additional $8,576.07 is a result of additional environmental consultant services related to the wetlands issue. The previous $100,000 transfer to Account #0510 -8080 was for legal services related to the Coastal Commission entitlement process including the July 2003 hearing. The $65,368.70 is a result of the additional legal services needed for the second Coastal Commission hearing in November 2003. The total for all entitlement services comes to $273, 944.77, of which approximately $50,000 was for City entitlement and $224,000 was for Coastal entitlement. Environmental Review: Not subject to CEQA, as the activity is not a project, as defined in Section 15378(b)(4). Public Notice: None Required. Fundinq Availability: The Affordable Housing Mitigation Fund has an approximate balance of $2.5 million dollars. Alternatives: The City Council may choose not to appropriate the funds for this project. Submitted by: SHARON Z. W Assistant City ager Attachment: Budget Amendment # Prepared by: V -- 1 h - DANIEL R. TRIMBLE Program Administrator 0 1] City of Newport Beach NO. BA- 028 BUDGET AMENDMENT 2003 -04 OCT ON BUDGETARY FUND BALANCE: F 7X Increase Revenue Estimates X F—y-I Increase Expenditure Appropriations Transfer Budget Appropriations SOURCE: from existing budget appropriations X from additional estimated revenues from unappropriated fund balance EXPLANATION: AMOUNT: $73saa.n Increase in Budgetary Fund Balance AND Decrease in Budgetary Fund Balance PX No effect on Budgetary Fund Balance This budget amendment is requested to provide for the following: To increase revenue estimates and expenditure appropriations from the Affordable Housing Deposit account to pay for fees related to the Bavview Landinq Coastal Commission Entitlement. ACCOUNTING ENTRY: BUDGETARY FUND BALANCE Fund Account Description REVENUE ESTIMATES (3601) Fund /Division Account Description 0510 5901 Privation Contributions /Donations 2700 5901 Privation Contributions /Donations EXPENDITURE APPROPRIATIONS (3603) Division Account Division Account Division Account Division Account Signed: Signed: • Signed: Description Number 0510 City Attorney Number 8080 Services - Professional & Technical Number 7014 Miscellaneous & Studies Number C2700706 Affordable Housing Number Number Number Number Financial Approval: Administrative Services Director Administrative App val: City Manager City Council Approval: City Clerk Amount Debit Credit $65,368.70 $8,576.07 $65,368.70 $8,576.07 Date z/ v Dple Date