Disposition and Development Agreement with RBH Stockton OZ Project, LLC for the South Pointe ProjectCITY COUNCIL MEETINGFEBRUARY 6, 2024AGENDA ITEM 15.1
Background •1980’s: Redevelopment Agency (RDA) acquired properties along the south shore.•April 7, 2015: Long Range Property Management Plan approved.•South Pointe as mixed-used waterfront development.•December 4, 2018: Envision Stockton 2040 General Plan adopted.•Policy LU-2.1 encourages the development of “high-quality housing to complement commercial activity and to infuse the area with daytime, evening, and weekend activity.” Background •June 2020: Request for Interest/Qualifications released.•December 15, 2020: Council approved an ENRA with RBH Group.•May 2021: Council deemed the parcels as surplus.•Pursuant to SLA, the notice period expired without a response.•March 2022: Council authorized grant application to DTSC.•Awarded $5.25M to cleanup South Pointe.•Remediation planning efforts are underway.
Project Site
701 – 855 West Weber AvenueApprox. 9.12 acresFour vacant parcels Present Situation•Mixed-use development on 4 City-Owned parcels (9.12 acres).•Market rate, workforce, and independent living senior units.•Retail space; Community/civic space; Parking; and •Site improvements: landscaping, lighting, and drainage facilities.•DDA result of 3 years of negotiations:•City staff•Developer team•Environmental consultants•Burke, Williams & Sorensen•Economic & Planning Systems Present Situation•DDA outlines:•Project description and definition of terms;•Developer and City responsibilities, including site remediation;•Phased development milestones and conveyances;•Inclusionary housing: 15% of units reserved as affordable for lower income households;•CEQA compliance;•Schedule of performance; and•License & Maintenance Agreement for the existing shared public space.
Project Phases•Phase 1:•No fewer than 300 housing units, including independent living senior units;•4,000 sq ft of educational space;•16,000 sq ft of retail and/or community facility space; and•Associated infrastructure.•Phase 2:•No fewer than 220 housing units.•Developer may maximize density to include additional units in accordance with applicable code and zoning.
Conceptual Rendering
Aerial view from the south
Community Benefits•General Plan Goals:•High-quality housing.•Commercial activity (daytime, evening, and weekend).•Mixed-income, multi-generational housing.•$100s of millions in private investment. •Generation of sales tax from commercial activity and increased property taxes.•Artwork installation.
Next Steps•Planning Commission Approval•Commission Use Permit•CEQA: Addendum to the 2040 General Plan EIR•Completion of Remedial Action Plan (RAP)•Procurement of remediation contractor•Implementation of RAP•Remediation approval by DTSC•Following Schedule of Performance Recommendation•Adopt a Resolution:•Approving a Disposition and Development Agreement between the City of Stockton and RBH Stockton OZ Project, LLC for the South Pointe Project;•Authorizing the City Manager, or designee, to execute the Disposition and Development Agreement with RBH Stockton OZ Project, LLC; •Authorizing the filing of Notice of Exemption No. 01-24 under the California Environmental Quality Act (CEQA) for the disposition of real property for parcels which make up the South Pointe properties; Recommendation•Adopt a Resolution:•Authorizing the disposition of four City-owned parcels which make up the South Pointe properties, in accordance with the Disposition and Development Agreement;•Authorizing budgeting, and receiving of revenue associated with disposition of four City-owned parcels which make up the South Pointe properties; and•Authorizing the City Manager, or designee, to take whatever actions are necessary and appropriate to carry out the purpose and intent of this resolution.