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Home My WebLink About1986-10-28; Housing & Redevelopment Commission; 74; Carlsbad Inn ParkingHOUSING AND - = -DEVELOPMENT COMMISS. N - AGENDA BILL c-3 *$ , ---a c rB# .74 TITLE: RP/CUP 84-3(A) - CARLSBAD INN DEPT. HD. ATG. 10/28/86 PARKING WI CITY All-Y IEPT. RED CITY MGR.= RECOMMENDED ACTION: :. If Commission concurs your action is to select the acceptable .?.-' option and direct staff to return with an agreement for the required parking for the Carlsbad Inn RP/CUP 84-3(A). ITEM EXPLANATION In February, 1986, the Housing and Redevelopment Commission addressed a twenty-three (23) space parking shortage at the Carlsbad Inn. The shortage was the result of a restuarant (Grunion's Run) being constructed in a retail space. The applicant agreed to temporarily meet the parking requirement by not constructing any of the remaining seventy-two (72) condominium units approved for the site, thereby, reassigning the parking in the underground structure to meet the need for the restaurant. The applicant assumed responsibility and promised to provide an The applicant assumed responsibility and promised to provide an additional twenty-three (23) parking spaces by the acquisition additional twenty-three (23) parking spaces by the acquisition of property in the immediate vicinity of the project or by some of property in the immediate vicinity of the project or by some other means satisfactory to the Redevelopment Commission. It other means satisfactorv to the Redevelooment Commission. It was also resolved that building permits for the remaining seventy- was also resolved that building permits for the remaining seventy- two (72) condominiums would not be issued until the Redevelopment two (72) condominiums would not be issued until the Redevelopment Commission finds that adequate parking to serve the project has Commission finds that adequate parking to serve the project has been provided. been provided. Suggested options to satisfy this parking deficiency are now presented to the Commission. The agreement assigns a monetary value to the parking condition. This sum ($233,400) would be deposited in a form satisfactory to the Commission prior to issuance of the building permits. The applicant could then satisfy the parking requirement by any one of several options outlined in the agreement. The intent of the agreement is to mitigate the parking shortage with usable parking spaces to occupancy of the seventy-two (72) condominiums. The Design Review Board heard this item at their October 15, 1986, meeting and by minute motion recommended approval of the agreement. The Design Review Board recommended that deposit be in cash and that the choice of options be approved by the Community Redevelopment Manager FISCAL IMPACT A sum of $233,400 would be deposited to the City by the applicant. EXHIBITS l- Parking Options 2- Location pap LOCATION MAP --~ ~~ 43ARFlhl - -.. ,’ _ I z t-3 ,’ - v c, t 0 n m :’ a ’ z CARLSBAD INN RAiLROAD SITE RF’ 84--3(A) CARLSBAD INN CARLSBAD INN RP 84-3(A) CONDITIONS TO SATISFY PARKING DEFICIENCY Prior to issuance of future Building Permits: 1. Applicant deposits a sum equal to total and improvement costs to construct a 23-space parking lot. cost estimated as follows: Approximate land to construct 23 space lot =7800 sq. ft. Fair Market Value in Area =$26/sq. ft. 7800 square feet x $26 = $202,800 Estimate Improvement Costs = 30,600 TOTAL = $233,400 Deposit in cash, Letter of Credit, or other security satisfactory to the City. Applicant can then satisfy his requirement to provide 23 off-site spaces by either of the following options: 1. Improve the Garfield right-of-way between Elm and Grand Avenues to create a public parkinq lot. cost of improvements to be deducted from applicant's deposit. Balance*of deposit used to purchase suitable property in Redevelopment Area for permanent parking. The solution could entail a joint purchase of a larger than 23-space site by the applicant and the Redevelopment Agency for public parking. Applicant has one year from the date of permit issuance to purchase property and remit title to City. Improvements of Garfield must be completed prior to occupancy of the first additional condominium unit unless City renegotiates alternate solution. 2. Improve Railroad right-of-way to accommodate 23 park- spaces. cost to be deducted from deposit. Balance* of deposit used to purchase suitable property in the Redevelopment Area for permanent parking. Applicant has one year form the date of Permit issuance 3. 4. 5. to purchase property and remit title to City. Improvement of the railroad right-of-way must be completed prior to occupancy of the first additional condominium unit. Applicant must maintain lease payments on railroad right-of-way until acquired property is permanently dedicated for parking. Applicant constructs railroad p arkin lot. *g cost to be deducted from deposit. Balance to cover lonq- term lease/maintenance cost for the railroad right-of-way or purchase and develop a long term parking solution, within eighteen (18) months. Applicant acquires and improves property for 23-parking spaces, acceptable to the City, within 300 feet of the Carlsbad Inn. The solution could entail a joint purchase of a larger than 23-space site by the applicant and Redevelopment Agency for public parking. Revert the Grunion's Run Restaurant to retail use or reduce the number of condominiums by 23. This last option has always been available. * If appropriate land purchase or lease agreement is not achieved in allocated time, staff will ask Commission direction for appropriate use of funds for seed money for parking district or other parking purpose /al HAND DELIVERED October 27, 1986 JAMES M. WATKINS RESORTS PRESIDENT International,Inc. City of Carlsbad 1200 Elm Avenue Carlsbad, California 92008 Dear Mayor and Members of the Council: Re: Carlsbad Inn Parking I apologize for not being present due to a family commitment. Please accept this letter as confirmation of my concurrence with the staff recommendations. I would like to request one modification to the Redevelopment Commission’s recommendation of requiring cash only security. I agree with the staff recommendation of “a Deposit in cash, Letter of Credit, or other security satisfactory to the City” because this security procedure is standard policy and is the most appropriate method to secure the City as not all of the proposed options include a cash deposit to the City. Any option that is finalized would require the approval of the staff and City attorney and thus “cash, a Letter of Credit, or other security satisfactory to the City” would be more appropriate. Thank you. Sincerely, JMW:ms 1442 Carnino De1 Mar l Post Office Box 99 l De1 Mar, California 92014 l 619 /755-3991