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HomeMy WebLinkAbout03 - Appointment of Banning Ranch Development CommitteeCITY OF NEWPORT BEACH CITY COUNCIL STAFF REPORT Agenda Item No. 3 April 22, 2008 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: City Manager's Office Sharon Wood, Assistant City Manager 949 - 644 -3222, swood @city.newport- beach.ca.us SUBJECT: Establishment and Appointment of Banning Ranch Development Agreement Committee 1. Adopt the attached Resolution establishing the Banning Ranch Development Agreement Committee. 2. Confirm the Mayor's appointment of Mayor Selich and Council member Rosansky. DISCUSSION: One of the City Council's priorities for 2008 is to conduct an appraisal of the Banning Ranch property and assess funding availability for the purchase of the property for open space. The Council has established a committee to oversee this effort, comprised of Mayor Selich and Council members Rosansky and Gardner. While the City is working on this priority, with the cooperation of the property owners, the owners are also interested in pursuing plans and entitlement for development of the residential village option in the General Plan. This development would require a development agreement. The City and the property owners also are interested in a pre- annexation and development agreement, which would outline not only vested development rights and public benefits, but also provide the terms under which the property would be annexed to Newport Beach. Recent development agreements have been negotiated by a committee of two Council members. The attached Resolution establishes a committee of two Council members for the Banning Ranch pre- annexation and development agreement. Submitted by: Sharon Wood Assistant City Manager Attachment: Resolution RESOLUTION NO. 2008- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH ESTABLISHING THE BANNING RANCH DEVELOPMENT AGREEMENT COMMITTEE WHEREAS, the General Plan provides that the Banning Ranch property may be developed with a residential village, if not acquired for open space; and WHEREAS, the Municipal Code provides that projects that require a Zoning Code amendment and include the development of fifty or more residential units require a development agreement; and WHEREAS, Banning Ranch development requires a Zoning Code amendment and could include up to 1,375 residential units; and WHEREAS, the City and the owners of Banning Ranch desire an agreement that outlines terms regarding annexation of the property to the City of Newport Beach; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach as follows: Section 1. The City Council establishes the Banning Ranch Development Agreement Committee, which shall be comprised of two (2) Council members, appointed by the Mayor. Section 2. The duties of the Committee shall be to negotiate the terms of a pre - annexation and development agreement, which will describe development rights of and public benefits to be provided by the developer and outline the terms for annexation of the property to the City of Newport Beach. Section 3. The Committee shall be an ad hoc committee, and shall sunset upon City Council approval of the pre- annexation and development agreement, or 1 earlier if so decided by the City Council. This Resolution was adopted at a regular meeting of the City Council of the City of Newport Beach held on April 22, 2008, by the following vote, to wit: AYES, COUNCIL MEMBERS NOES, COUNCIL MEMBERS. ABSENT, COUNCIL MEMBERS MAYOR ATTEST: CITY CLERK