INFORMATIONAL REPORT TO HOUSING AUTHORITY
SUBJECT
Title
Update on project located at 2330 Monroe Street with Freebird Development Company, LLC: Status of Disposition and Development Agreement and Project Approvals
Report
EXECUTIVE SUMMARY
Following an extensive community outreach process, the City issued a Request for Proposals (RFP) for the development of an affordable housing project (Project) on the City owned property located at the southeast corner of Monroe Street and San Tomas Expressway (2330 Monroe Street). In December 2018, City Council approved an Exclusive Negotiation Agreement (ENA) with Freebird Development Company, LLC (Developer) to allow the Project to proceed. The Developer has been working with the City to process its entitlements and to negotiate the terms of a Disposition and Development Agreement. The purpose of this informational memo is to provide a summary of current activity and next steps leading to a Disposition and Development Agreement and Land Use Entitlements.
BACKGROUND
The vacant City-owned parcel is located at 2330 Monroe Street at the southeast corner at the intersection of San Tomas Expressway and Monroe Street. The site adjoins the rear yards of eleven (11) single family residential properties to the east and south on Sheraton Drive and El Capitan Ave. Multifamily development is located to the north on the opposite side of Monroe Street. A new City park is located to the west on the opposite side of San Tomas Expressway.
Land Use and Zoning
The site is currently zoned as Single Family (R1-6L). The land is designated as right-of-way on the General Plan Land Use diagram. Redevelopment of the site for new housing will subsequently require City Council and Planning Commission approvals of a General Plan Amendment, Rezoning, Architectural Review and California Environmental Quality Act (CEQA).
Community Feedback
From the time City Council approved Freebird's development concept, the Developer has conducted four community...
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