2020-12-02 City Council Item No. 11.1 Hidden Hills Development Agreement Amendment Presentation Regular MEETING - Additional Meeting MaterialsHidden Hills
Development
Agreement
Amendment
Background
•Hidden Hills TR 30142 (Peppertree & Cypress)
approved by Riverside County on June 8, 2004
•511 single-family residential lots and 5.3 acre park
•3 detention basins, 11 acres open space, 3.3 acre
hillside area
•1st Extension of Time approved by the County in 2007
•2nd Extension of Time approved by the City in 2009
•Construction began in 2009
•City approved a Development Agreement in 2010 for
10 year term to facilitate:
•Development of Housing units
•Construction of Parks/Trails Amenities –11 acres of
public trails/paseos
•Infrastructure –regional storm drain, parkway along
north side of Garbani, full width improvements on
Evans Road (Craig to Garbani)
•Home Construction
Original Development Agreement
CONTENT OF 2010 DEVELOPMENT AGREEMENT
1.Civic Site conveyance -KB conveyed 20.18 acres of land at Evans and Craig
Road to the City
2.DIF Reduction/Freeze -reduction equal to an 80%reduction in the original
Development Impact Fees (compared to the 65%discount being offered to
others as part of the city’s stimulus plan).
3.Model Homes Construction -allowed KB homes to pull building permits for up
to six (6)model homes while the development agreement is being adopted.
4.Land Use/Zoning Vested -The City cannot change the general plan or zoning
during the term of the development agreement.
Original Development Agreement
•Phase 1 constructed 2011 –2013
•Phases 2 + 3 resumed in 2015
•Construction began again in 2017
•Approximately 147 building permits remain to be
issued
Background
•Extend the expiration date from March 2, 2020
through March 2, 2025 (additional 5 years)
•Extend the allowable Development Impact Fees (DIF)
Reduction for the term of the DA Amendment based
on new City DIF:
•80% DIF reduction on all lots from March 2, 2020
through March 1, 2022
•50% DIF reduction on all lots from March 2, 2022
through March 1, 2025
DA Amendment Provisions
•Previous County DIF w/80% reduction: $795/unit
•City DIF w/80% reduction: $1,975/unit (March 2, 2020
through March 1, 2022)
•City DIF w/50% reduction: $4,937 (March 2, 2022
through March 2, 2025)
•City DIF without DA reductions: $9,874/unit
DA Amendment Provisions
•On March 26, 2020, the proposed amendment was
presented to the City Council Finance Subcommittee and
received unanimous support.
•On September 23, 2020, the Planning Commission
recommended adoption of an Ordinance approving
Development Agreement Amendment No. PLN20-0075 to
the City Council by a unanimous vote (5:0)
Previous Review
•Conduct a Public Hearing.
•Introduce first reading of an Ordinance approving
Development Agreement Amendment No. PLN20-
0075.
Recommendations
Questions?