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2022-04-26 Callimanis Presentation 7 Ramon Baez to PC PHFrom: Alena Callimanis <acallimanis@gmail.com> Sent: Tuesday, April 26, 2022 1:57 PM To: Tania Flores; Cheri Flores Cc: Ramon Baez Subject: Presentation number 7 for April 26 planning commission meeting for Ramon Baez Attachments: Ramon Baez Developers Agreement Comments RFB Final.pdf ** EXTERNAL: This message originated outside of the City of La Quinta. Please use proper judgement and caution when opening attachments, clicking links or responding to requests for information. ** Here is presentation number 7 for Ramon Baez for LQRRD. Thank you very much. Alena Callimanis Development Agreement Ramon Baez 81245 Andalusia, La Quinta will be commenting on the following items in the Findings on the Development Agreement • The Development Agreement will not be detrimental to the health, safety and general welfare, as it provides for the long term ordered development of a master planned community. • The Development Agreement will not adversely affect the orderly development of property or the preservation of property values insofar as it will ensure that development occurring on the site will generate revenues and assure high quality development. • The Development Agreement will have a positive fiscal impact on the city by paying mitigation fees for services it requires, and additional Transient Occupancy Tax and Sales Tax revenues. Construction Schedule The Development Agreement (DA) contains a Performance Schedule which provides ranges of time for project development (Attachment 1). The following Table 1 summarizes this timeline. As shown in the Table, development could span a timeframe of up to 25 years. Table 1 Develoament Agreement Performance Schedule Summar Project Component Years Wave Basin and some resort residential and hotel development (quantities undefined) 3-5 Completion of hotel and balance of resort residential (quantities undefined) 5-10 8,000± SF of Neighborhood Commercial 3-6 220 single family units in Planning Area 2 8-15 11,000± SF Neighborhood Commercial 9-12 250 single family units in Planning Area 2 (balance of single- family units) 15-22 41,000± SF Neighborhood Commercial 20-23 The applicant has not proposed any changes or refinements to the Performance Schedule, but they have proposed revisions to the DA that would allow for the mutual modification of the schedule and, if any item of performance is not completed timely, then the City would have the right (but not the obligation) to Observations • Reviewing this construction schedule, there are so many "quantities undefined" • How can it be said that this schedule provides for the long-term ordered development of a master planned community? • How can you determine what revenues will be generated if you cannot determine quantities? • The same concern with Sales Tax Revenue and Transient Occupancy Tax (TOT) — without a defined construction schedule We need real Communities in La Quinta, not STVRs Communities • The Real Estate market is hot • This is a wonderful location for remote working and raising a family • Hiking and biking are already in La Quinta • We have the wonderful new x-Park for children of all ages • Houses can be built now and you can do a La Quinta Assessment to mitigate the lack of Riverside County revenue to La Quinta — perhaps an average of $2500 per house per year until 2033 • You will get sales tax revenue now from our new residents It is not Clear why we need this project! • Per the Development Agreement it is not clear why this project is an imperative for the La Quinta City or any other community in the Coachella • We would highly recommend to stick with the original plans to build a lovely community similar to Andalusia