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HomeMy WebLinkAboutSan Luis Ranch_Avila Ranch_Project Status 5_3San Luis Ranch Project Status 5/31/2023 Construction status Over 200 units completed. Expect all units completed by end of 2024  Development Review of Lot 7 affordable housing & commercial lot Expected submittal June/July 2023 San Luis Ranch, MI is working with 2 builders who are interested, finalizing site plans for submittal Includes proposal to reduce commercial square footage to 15,000 sf Preliminary fiscal analysis shows this would reduce sales tax expected from the project in exchange for more housing  Dalidio roundabout/ Property acquisition May 11, 2023 - SLR made final offer to purchase property from Embassy Suites to modify driveway; no response received Property acquisition/deposit agreement to City Council Closed Session June 6 for authorization (Paula) SLR finalizing design of new driveway (4th leg of roundabout), working out drainage issues with HOA & City City’s contracted appraiser ready to begin process  Prado Rd. interchange payment Scheduling meeting (Derek & Don Faye) to discuss timing & amount of mitigation payment – possibly June 29 City staff to calculate payment amount (28% of total cost) SLR expected to hit 233 PM peak hour trips this summer, which triggers payment  DA Operating Memorandum / Reimbursements City drafting DA OM to memorialize credits for infrastructure projects constructed by SLR (LOVR/Froom Intersection and Froom Ranch Way Widening). City will credit interchange payment instead of doing direct reimbursements from TIF fund. Citywide TIF update to add 2 infrastructure projects constructed by San Luis Ranch (as identified in DA OM #1)  Bond reductions Bond reductions completed by Engineering where eligible to be reduced. Bonds held for improvements that still need final sign off  CFD Direct billing to developers (San Luis Ranch and Williams Homes) for $354,275 due in July for September payment City staff & EPS currently working on list of properties to provide to County by June 15 for next year’s CFD taxes CFD annual report to go to Council in July  Second CFD bond sale CFD bond sale in process for remaining 5.5 million Expect to finalize (take to Council) 4th quarter 2023  Agricultural Heritage Center Shell buildings under construction Tenant improvement permits being submitted, will include preschool  Hotel Permits issued, grading has been delayed due to rain, expect starting up again this summer   Avila Ranch Project Status 5/31/2023 Construction status Approximately 34 units completed and occupied  Developer’s Impact Fee Protest Mediation authorized by Council, mediator chosen Tolling agreement in place and funds deposited to escrow account  Development Review of Phase 3 Phase 3, R-4 multifamily rental units. 85 market rate units, 60 affordable units. Includes density bonus. Submitted 4/26/2023, completeness comments issued by City ARC review expected in August Planning Commission expected ~October Will need to amend affordable housing agreement  Basin A May 18 - Wathen agreed to assemble their experts for discussions with City; confirm basin constructed per plan Agreed to obtain third party consultant if needed City previously requested Director’s Action application; long term maintenance is concern  Buckley Road widening / Property negotiations May 11 – City, County, Wathen, and Son Care met to review Buckley frontage improvement plans/bike lanes Conversation was productive, reviewed Son Care’s concerns Wathen and Son Care to continue negotiations for property purchase  Reimbursements Wastewater reimbursement package submitted by Avila Ranch. City staff is reviewing & taking into consideration fee protest Traffic infrastructure reimbursements will be submitted next Private infrastructure reimbursement fees being charged to new development on benefitting properties  Phase 4 condo map Letter submitted by Avila Ranch suggesting to allow condos as minor amendment to existing map. City is reviewing and will respond  Permit reviews in process Mass grading phases 2-6 ready to issue Director’s Action in process for exception to fence/wall heights In process: Phase 2/3 Improvement Plans, Phase 1 residential precise grading (individual homes), Phase 2/3 Final Map, Phase 4 Final Map  Bond reductions Bond reductions completed by Engineering where eligible to be reduced. Bonds held for improvements that still need final sign off  CFD City staff & EPS currently working on list of properties to provide to County by June 15 for next year’s CFD taxes CFD annual report to go to Council in July