HomeMy WebLinkAbout2007-11-21 Agenda� W Po
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CITY OF NEWPORT BEACH
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ECONOMIC DEVELOPMENT COMMITTEE
AGENDA
MEETING DATE:
TIME:
PLACE:
Chambers
Roll Call and Introductions
Wednesday, November 21, 2007
8:00-9:00 A.M. Please arrive 5 min. prior
City of Newport Beach Council
MEMBER UPDATES AND ANNOUNCEMENTS
DISCUSSION ITEMS
1. Approval of Minutes of October 17, 2007 (Attachment)
2. North Newport Center Development Agreement — Presentation by Mayor Rosansky and
Mayor Pro Tem Selich (Attachment)
3. EQAC Representative's Report
ITEMS FOR A FUTURE AGENDA
PUBLIC COMMENTS
ADJOURNMENT
NEXT EXECUTIVE COMMITTEE MEETING: Wednesday, December 5, 2007
8:00 A.M. — NEWPORT BEACH CHAMBER OF COMMERCE
NEXT REGULAR MEETING: Wednesday, December 19, 2007
8:00-9:00 A.M. — CITY COUNCIL CHAMBERS
NORTH NEWPORT CENTER DEVELOPMENT AGREEMENT
SUMMARY OF PRINCIPAL PROVISIONS
1. Cancellation of Circulation Improvement and Open Space Agreement
(CIOSA) and Bonita Canyon Annexation and Development Agreement
2. Vesting of rights to develop 75,000 sq. ft. of retail space, 205,161 square
feet of office space (through the transfer of development rights) and 430
residential uses in North Newport Center for 20 years
3. Payment of in -lieu park fees for 430 residential units, including early
payment of a portion of fees ($5,600,000) as a matching grant for OASIS
Senior Center
4. Payment of public benefit fee ($27,090,000) to fund construction of new
City Hall building at any location, or other municipal purpose (Section 4.2)
5. Construction of third eastbound turn lane at MacArthur Boulevard and San
Joaquin Hills Road
6. Circulation enhancements in the North Newport Center area, including
widening of Avocado Avenue between San Miguel Drive and San Joaquin
Hills Road, and enhancement of San Miguel Drive between Avocado
Avenue and MacArthur Boulevard (including dedication of right-of-way)
7. Dedication of the site north of San Miguel Drive, west of MacArthur
Boulevard, south of San Joaquin Hills Road and east of Avocado Avenue
for open space, if a new City Hall is constructed on a site in Newport
Center other than Block 500
8. Four-year option for the City to purchase a site in Block 500 for City Hall
as well as the use of 300 to 375 parking spaces in a new parking structure
9. Limit on future increases in development fees
10. Limit on future amendments to Municipal Code pertaining to development
of the North Newport Center property
TRANSFER OF DEVELOPMENT RIGHTS
The Irvine Company is proposing to transfer a portion of the existing
development rights from Block 600 to Block 500.
■ Conversion of 195 unbuilt hotel rooms to office space, and the transfer of
this entitlement to Block 500.
■ Removal of the following existing uses from Block 600, and transfer of this
entitlement to Block 500: 17,300 square feet of health club, 16,444 square
feet of restaurant, and 8,289 square feet of office.
■ Total development rights to be transferred
■ Up to 72,000 square feet of the transferred development rights could be
used for a new City Hall in Block 500.