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RESOLUTION NO. 2017-204 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING AN AGREEMENT FOR DEFERRAL OF DEVELOPMENT IMPACT FEES BETWEEN THE CITY AND SETHI MANAGEMENT, INC. FOR APPROXIMATELY $1.3 MILLION IN FEES IN CONNECTION WITH A 204-ROOM HOTEL PROJECT AT 2424 FENTON STREET
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RECOMMENDED ACTION
Recommended Action
Council adopt the resolution.
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SUMMARY
Sethi Management Inc. is developing a 204-room hotel located in the Eastlake Business Center. Once operational, the hotel will generate significant positive community impacts by creating jobs, generating Transient Occupancy Taxes to the City, and providing visitor accommodations and amenities. In order to make the project financially feasible, staff is recommending an agreement to defer payment of Public Facilities and Transportation Development Impact Fees totaling approximately $1.3 million for a period of fifty-four (54) months.
ENVIRONMENTAL REVIEW
Environmental Notice
Environmental Notice
The activity is not a "Project" as defined under Section 15378 of the California Environmental Quality Act State Guidelines; therefore, pursuant to State Guidelines Section 15060(c)(3) no environmental review is required.
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Environmental Determination
The Director of Development Services has reviewed the proposed activity for compliance with the California Environmental Quality Act (CEQA) and has determined that the activity is not a "Project" as defined under Section 15378 of the State CEQA Guidelines because it will not result in a physical change in the environment; therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines, the activity is not subject to CEQA. Thus, no environmental review is required.
BOARD/COMMISSION RECOMMENDATION
Not Applicable.
DISCUSSION
Staff recommends entering into a development impact fee deferral agreement with Sethi Management Inc. for the development of a 204-room hotel project at 2424 Fenton Street. The developer has pursued and secure...
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