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HomeMy WebLinkAbout10 - Attachment CC7 - 6480 W Coast HwyRELEVANT INFORMATION: 6480 West Coast Highway FOR PA2010 -190 GP2010 -013 CA2010 -013 LC2010 -003 ATTACHMENT No. CC 7 21- 22 ArcIMS "iewer 4% ht tp: / /www6.city.newport- beach.ca. us/website/nb_ info /MapFrame.htm Page ' of Z w 0 vi Y, n410 I. 'n I I 24 Project (Description and Justification Statement 64 €0 W. Coast Hwy., Newport Beach, Ca. This property consists of a commercial building and parking lot, Fronting W. Coast Hwy.in West Newport Beach. It has a parking lot, as well as a sidewalk along Coast Hwy. for pedestrians. Commercial property in this end of Newport Beach is very limited, therefore much needed to serve the surrounding community. Due to the City of Newport Beach General Plan changes, this property was rezoned to Residential, without our request to do so. We have owned this property since 1976 (34 years). It has been used 100% of that time as a commercial property. The previous owners had also used it only as commercial. It has never been used otherwise. It was built solely for commercial usage. It is not feasible to move the building to another location. We would have to sell this property, and then purchase another commercial property elsewhere. We are not able to qualify for a loan, so would not be able to purchase another property. This cannot be used as residential. If we cannot continue to rent it to a business tenant, then we would lose all income derived from the property, which would be detrimental to our livelihood. Please rezone this property back to a commercial zoning. Sincerely, B. Jeffrey Kennard Lorraine Kennard 25 I 20