Title
STAFF REPORT for the First Amendment to the Development Agreement for 2436 Washington Avenue - 2450 Washington Avenue Development Project (PLN2009-00006 and PLN21-0001); APN 077D-1410-025-00; Wm. Mathews, Inc. (applicant).
StaffReport
SUMMARY AND RECOMMENDATIONS
In 2011, the City Council approved a 66-unit residential rental apartment project at 2436 Washington Avenue through a Development Agreement with a 10-year term. The approval included an option for a five-year extension with City Council approval. The applicant is requesting to amend and extend the Development Agreement for an additional five-year term.
Staff recommends that the Planning Commission adopt Resolution 2021-006, recommending City Council approval of the proposed Development Agreement to extend the term by an additional five (5) years, to expire on January 4, 2027.
BACKGROUND AND DISCUSSION
In October 2011, the Planning Commission adopted a Resolution recommending that the City Council approve the proposed 66-unit residential rental apartment project at 2436 Washington Avenue commonly known as 2450 Washington Avenue Development Project ("Project") APN 077D-1410-025-00, PLN2009-00006 and PLN21-0001, subject to the Recommended Conditions of Approval. In November 2011 and December 2011, the City Council adopted Resolution No. 2011-192, Resolution No. 2011-193, and Ordinance No. 2011-013 approving the Project, which included approval of a Vesting Tentative Tract Map 8003, a General Plan Map Amendment from Office to High Density Residential, a Rezone from P (AU)-Professional with Assembly Use Overlay to RM-1800(PD)-Residential Multi-Family with Planned Development Overlay, a Development Agreement, an Initial Study, a Mitigated Negative Declaration and a Mitigation Monitoring Reporting Program, to build a new residential development consisting of 66 residential rental apartment units.
The approved Development Agreement has an initial ten (10) year term, expiring on January 4, 2022, wh...
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