Automobile Repair Agreement

							       Heritage Professional Center
 Development Agreement:
 • Achieve long-term economic and social goals
 • Ensure that the intent of the C-F zone is preserved by prohibiting
   certain land uses that would otherwise be allowed w/in the C-G
   zone (i.e. entertainment uses and automobile repair garages).
 • Developer shall construct a minimum of 7.5 acres of the property
   for commercial/retail development (As Revised on the Errata
   Sheet).
 • Phase 3 Retail – Shall be developed w/ at least 80% of the total
   building s.f. of businesses where 75% of their income is sales tax
   or transient occupancy tax.
 • Tax Exemption Restrictions – Ensures that the City will receive an
   annual payment of the full property tax value if the tenant or
   developer receives a property tax exemption.
                                                                  1
City of Chino Hills City Council presentation January 22, 2009
                                                                     Heritage Professional Center




Development Agreement

• Achieve long-term economic and social goals
• Ensure that the intent of the C-F zone is preserved by prohibiting
  certain land uses that would otherwise be allowed w/in the C-G
  zone (i.e. entertainment uses and automobile repair garages).
• Developer shall construct a minimum of 7.5 acres of the property
  for commercial/retail development (As Revised on the Errata
  Sheet).
• Phase 3 Retail – Shall be developed w/ at least 80% of the total
  building s.f. of businesses where 75% of their income is sales tax
  or transient occupancy tax.
• Tax Exemption Restrictions – Ensures that the City will receive an
  annual payment of the full property tax value if the tenant or
  developer receives a property tax exemption.



    City of Chino Hills City Council presentation January 22, 2009
                                                                   Heritage Professional Center




Development Agreement
 Achieve long-term economic
  and social goals
 Prohibit certain land use
 Guaranteed commercial/retail
  development
 80% reserved for businesses
 Tax exemption restrictions




  City of Chino Hills City Council presentation January 22, 2009
       Heritage Professional Center
   Revised Economic Analysis:
   KMA prepared a revised comparative economic analysis for the project
   which included assessments of:
         1. Annual property tax, sales tax, and transient occupancy tax (TOT)
            revenues allocated to the City General Fund and generated by the
            respective developments;
         2. New resident equivalents created as a result of the daytime
            workforce jobs generated by the development and added to the
            resident equivalent population of the City; and
         3. Annual General Fund service costs to be generated by the new
            resident equivalents.




                                                                         4
City of Chino Hills City Council presentation January 22, 2009
                                                                  Heritage Professional Center




Revised Economic Analysis
KMA assessments included:


 Revenue from property tax, sales tax,
  occupancy tax
 New resident equivalents from daytime
  workforce jobs
 Annual General Fund service costs generated
  by new residents




 City of Chino Hills City Council presentation January 22, 2009
    Planning Commission Actions
 The Planning Commission had questions regarding:
 1. The economic analysis and the viability of locating two hotels adjacent to
 one another (one hotel located at Heritage Professional Center and one hotel
 located on the adjacent project to the northwest, The Golden Triangle).
 2. The Planning Commission also had concerns regarding parking due to the
 adjacent Chino Hills High School. The applicant had stated that they will
 provide onsite security at the AM and PM peak hours of the high school and
 any special events. Therefore, the Planning Commission added a Condition
 of Approval to the project to require that the applicant provide on-site security
 and signage to restrict High School parking on their property.
 The Planning Commission recommended approval of the project to the City
 Council with a unanimous vote 5-0.


                                                                            6
City of Chino Hills City Council presentation January 22, 2008
                                                                   Heritage Professional Center




Planning Commission Actions
Questions remain regarding:


 Viability of locating two hotels adjacent to
  one another
 Concerns about parking due to the
  adjacent Chino Hills High School.
 The Planning Commission recommended approval of the
 project to the City Council with a unanimous vote 5-0.




  City of Chino Hills City Council presentation January 22, 2009