REPORT TO COUNCIL
SUBJECT
Title
Action on an Affordable Housing Agreement with Toll West Coast, LLC for 2961 Corvin Drive
Report
BACKGROUND
The City Council adopted the LSAP in 2017 to support the redevelopment of approximately 65 acres of industrial land with up to 3,500 residential units, up to approximately 104,000 square feet of commercial space, approximately 6 acres of parks/open space, and related infrastructure and roadway improvements. As part of adoption of the LSAP, General Plan land use designations within the Plan area were changed from Light Industrial to a mix of Low Density Residential, Medium Density Residential, High Density Residential, Very High Density Residential, Public/Quasi-Public, and Parks and Open Space. The LSAP includes a text amendment to create the Very High Density Residential land use designation (51-100 Dwelling Units/Acre). In addition, a new Lawrence Station Area Plan (LSAP) Zoning District was created for the Plan area.
On April 24, 2018, the City Council granted a land use entitlement (Vesting Tentative Subdivision Map PLN2017-12865) to allow the development of up to 38 residential condominium units on 7 buildable lots and 2 non-buildable lots at 2961 Corvin Drive (Project), consistent with the Lawrence Station Area Plan and subject to conditions of approval. The Project is being developed by Toll West Coast, LLC (Developer). The subject property is a 1.619-acre site located between Corvin Drive and Calabazas Creek within the Lawrence Station Area Specific Plan (LSAP) with a General Plan land use designation of Medium Density Residential (20-36 DU/AC) and subject to the land use and development standards of the Lawrence Station Area Zoning District.
As a condition of the land use entitlements, and per the City's inclusionary housing policy governing at the time of the entitlement, the Developer was required to enter into an Affordable Housing Agreement (AHA) with the City to designate 10 percent of the total units (i...
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