Item 17 - Annual Review of Devlp. Agreement with Trident Homes of CA, Inc.
TO:
FROM:
INITIATED BY:
DATE:
SUBJECT:
AGENDA REPORT SUMMARY
Honorable Mayor and Members of the City Council
James l. Bowersox, City Man~
Warren Shafer, Director of Redevelopment Service~
Kris Gridley, Redevelopment Coordinator ~
December 17, 1996
Annual Review of Development Agreement with Trident Homes of California,
Inc. and Shea Homes Limited Partnership
California Government Code Section 65865.1 requires that the City Council annually
review compliance with the terms of Development Agreements that have been entered into
with developers. It is recommended that the City Council find that Trident Homes of
California, Inc. and Shea Homes Limited Partnership have complied with the terms of the
Development Agreement for the development of Rolling Hills Estates within the South
Poway Community Plan Area.
ENVIRONMENTAL REVIEW
. This item is not subject to CEQA review.
FISCAL IMPACT
None.
ADDITIONAL PUBLIC NOTIFICATION AND CORRESPONDENCE
Copies of this report have been sent to Trident Homes of California, Inc. and Shea
Homes Limited Partnership.
RECOMMENDATION
It is recommended that the City Council find that Trident Homes of California, Inc. and
Shea Homes Limited Partnership have demonstrated good faith compliance with the terms
of the Development Agreement entered into on May 14, 1991.
ACTION
"' dot. fiLes .1se. trlden COY
""P' \ to
1 of 5
DEe 1 7 1996 ITEM 1 7
AGENDA REPORT
CITY OF POWAY
This report i. 'included on the Consent CalWld8r. There will be no leparate discussion of the report
prior to approval by the City COLn:il lIItes. .....rs of the COt.nCil. stiff or j:lU:)lic request it to
be r~ved fra the Conaent C.ltll"ldlir and discussed seperately. If you wish to heve this report
pulled for discussion, pl.... fill out . slip incHcating the report nLIIlber and "ive it to the City
Clerk prior to the beQfming of the City CCM.6K:il Meting.
TO:
FROM:
INITIATED BY:
Honorable Mayor and Members of the City Council
James L. Bowersox, City Man~
Warren H Shafer, Director of Redevelopment service~
Kris Gridley, Redevelopment Coordinator ~
December 17, 1996
Annual Review of Development Agreement with Trident Homes of
California, Inc. and Shea Homes Limited Partnership
DATE:
SUBJECT:
BACKGROUND
On May 14, 1991, the City of Poway entered into a Development Agreement with
McMillin Equity Partners II to provide for the development of Rolling Hills
Estates within the South Poway Community Plan Area. The requisite periodic
review of compl iance under the Development Agreement must take place prior to the
calendar year-end each year thereafter.
On September 20, 1994 the City Council approved the transfer of this Development
Agreement from McMillin Equity Partners II to Trident Homes of California, Inc.
and on October 22, 1996, the City Council approved the transfer of a portion of
the property governed by the Development Agreement to Shea Homes Limi ted
Partnership.
FINDINGS
Attached are two letters, one from Trident Homes of California, Inc. and the
other from Shea Homes Limi ted Partnershi p. These I etters accurately descri be the
progress that has been made on the subject development to date. Staff has
determi ned that the work accompli shed under the Development Agreement is in
compliance with the provisions of the South Poway Community Plan and the
Development Agreement.
ENVIRONMENTAL REVIEW
This item is not subject to CEQA review.
FISCAL IMPACT
None.
DEe 17 1996 ITEM 1 7
2 of 5
Agenda Report
December 17, 1996
Page 2
ADDITIONAL PUBLIC NOTIFICATION AND CORRESPONDENCE
Copies of this report have been sent to Trident Homes of California, Inc. and
Shea Homes Limited Partnership.
RECOMMENDATION
It is recommended that the City Council find that Trident Homes of California,
Inc. and Shea Homes Limited Partnership have demonstrated good faith compliance
with the terms of the Development Agreement entered into on May 14, 1991.
Attachments:
1. Letter from Trident Homes of California
2. Letter from Shea Homes Limited Partnership
C:\dot.\wpffl.l\Milc.\t,idont.,pt
3 of 5
DEe 17 1996 ITEM 1 7
2""27 Hoover Avenue
National City, CA 91950
(619)477-4117
November 25, 1996
RECEIVED
NOV 2 6 1996 ."\lc\lillin Comlxu1
CITY OF POWAY
REDEVELOPMENT IERVICEO
DEPARTMENT
Ms. Kris Gridley
Redevelopment Coordinator
City of Po way
P. O. Box 789
Poway, CA 92074-0789
Via Facsimile and U SMail
Subject: Annual Review of Development Agreement for Trident Homes of California, Inc.
Dear Ms, Gridley:
In October 1996 Trident Homes of California sold a portion of its Poway 135 (Rolling
Hills Estates) property to Shea Homes, Trident has maintained ownership of the
Commercial Lot located at the southwest comer of Scripps Poway Parkway and
Pomerado Road.
With respect to progress made during the 1996 calendar year, the Unit 1 Final Map for
Rolling Hills Estates was recorded on October 17, 1996 and development of the
Commercial Lot began on October 21, 1996. Development is in process with completion
tentative scheduled for the Julyl August 1997 time period.
At this time, Trident Homes has no immediate plans for building on the Commercial Lot.
Sincerely,
McMillin Companies
for
Trident Homes of California
/- Lt--.
James H. Ondler
Sr. Vice President
JO/s!
cc: Eugene ehau
Daniel Zau
DEe 17 1996 nEM 17
4 of 5
Attachment I
SHEA HOMES
REC~../ED
lOW 2 6 1!16
--sl!l!lf_~"
'-"~'d'''Vj:t~
Kris Gridley
Redevelopment Coordinator
City of Po way
P.O. Box 789
Poway, CA 92074
10721 Treena Street. Suite 200
San Diego . California
92131
{619} 549-3156
FAX (619) 549-0112
November 23, 1996
RE: Annual Review of Development Agreement for Rolling Hills Estates
Dear Ms, Gridley:
Per your request, this letter is written to summarize the status of the residential property of the
Rolling Hills development for the City's annual review of Development Agreements,
Earlier this year, grading and improvement plans for Unit 1 were processed and approved. On
October 15, the Unit I final map was approved by City Council, and was recorded on October
17, The Unit I "pre-development" fees were paid and improvement performance bonds have
been posted,
Shea Homes purchased the residential lots of Units I and 2 on October 18, Assignment,
Delegation, and Assumption documents have been executed for the Owner Participation
Agreement, Development Agreement, and Standard Agreement for Construction of Public
Improvements.
Grading operations for Unit I commenced in late October and we expect the site to be
substantially complete by early fall, 1997, Shea Homes will be submitting the Development
Review application in December, and we anticipate a City Council hearing in February, 1997.
We expect to process plans for Unit 2 in early 1998 and are planning for the Unit 2 final map to
be approved in Spring, 1998.
Please contact me should you need additional information for your annual review,
Sincerely,
~o~
Russ Haley
Project Manager
cc: Jim Ondler - McMillin Companies
land\winword\rhi11s\gridley.doc
5 of 5
Attachment 2
DEe 17 1996 ITEM 1 7