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HomeMy WebLinkAboutAGENDA REPORT 2020 0219 REG CCSA ITEM 08ACITY OF MOORPARK, 
CALIFORNIA City Council Meeting of February 19, 2020 ACTION Adopted Resolution No. 2020- 3887. Introduced Ordinance No. 481 and Scheduled Second Reading and Adoption for March 4, 2020. Introduced Ordinance No. 482, as Amended, and Scheduled Second Reading and Adoption for March 4, 2020. Adopted Resolution No. 2020-3888, as Amended. BY B.Garza. A. Consider a Resolution Adopting a Negative Declaration and Approving General Plan Amendment No. 2014-01; an Ordinance Approving Zone Change No. 2014- 01; an Ordinance Approving Development Agreement No. 2014-03, and a Resolution Approving Residential Planned Development No. 2014-02 and Vesting Tentative Tract Map No. 5869; for the Development of a 69 Unit Multi- Family Residential Condominium Project with a Recreation Center and Associated Site Improvements on a Previously-Developed 4.01-Acre Lot at 635 Los Angeles Avenue, on the Application of Menashe Kozar for Sky Line 66, LLC. Staff Recommendation: 1) Open the public hearing, accept public testimony and close the public hearing; 2) Adopt Resolution No. 2020-3887 adopting the Negative Declaration and approving General Plan Amendment No. 2014-01; and 3) Introduce Ordinance No. 481, approving Zone Change No. 2014-01, for first reading, waive full reading, and place this ordinance on the agenda for March 4, 2020, for purposes of providing second reading and adoption of the ordinance; and 4) Introduce Ordinance No. 482, approving Development Agreement No. 2014-03, for first reading, waive full reading, and place this ordinance on the agenda for March 4, 2020, for purposes of providing second reading and adoption of the ordinance; and 5) Adopt Resolution No. 2020-3888 approving Residential Planned Development Permit No. 2014-02 and Vesting Tentative Tract Map No. 5869. (ROLL CALL VOTE REQUIRED) (Staff: Freddy Carrillo) Item: 8.A. Item: 8.A. MOORPARK CITY COUNCIL AGENDA REPORT TO: Honorable City Council FROM: Karen Vaughn, Community Development Director BY: Freddy A. Carrillo, Associate Planner ll DATE: 02/19/2020 Regular Meeting SUBJECT: Consider a Resolution Adopting a Negative Declaration and Approving General Plan Amendment No. 2014-01; an Ordinance Approving Zone Change No. 2014-01; an Ordinance Approving Development Agreement No. 2014-03, and a Resolution Approving Residential Planned Development No. 2014-02 and Vesting Tentative Tract Map No. 5869; for the Development of a 69 Unit Multi-Family Residential Condominium Project with a Recreation Center and Associated Site Improvements on a Previously-Developed 4.01-Acre Lot at 635 Los Angeles Avenue, on the Application of Menashe Kozar for Sky Line 66, LLC. PROJECT DESCRIPTION AND BACKGROUND On October 10, 2014, Menashe “Manny” Kozar, for Summer Land Partners Group, Inc., (on behalf of Sky Line 66, LLC) filed an application to develop 69 multi-family residential condominiums, a 1,916 square-foot recreation center, and associated site improvements on a previously-developed 4.01-acre lot at 635 Los Angeles Avenue. The applicant has requested the following entitlements in order to pursue development of the project, known as “Green Island Villas”: • General Plan Amendment (GPA) No. 2014-01 to change the land use designation of the subject property from General Commercial (C-2) to Very High Density Residential (VH15U/AC); and • Zone Change (ZC) No. 2014-01 to amend the zoning of the property from Commercial Office (C-O) to Residential Planned Development (RPD); and 1 Honorable City Council 02/19/2020 Regular Meeting Page 2 • Development Agreement (DA) No. 2014-03 to ensure the orderly development of the Project subject to the terms and conditions negotiated between the City and property owner; and • Residential Planned Development (RPD) No. 2014-02 for construction of the Project and associated site improvements; and • Vesting Tentative Tract Map (VTTM) No. 5869 to create 70 parcels (69 condominium units and one common area parcel). The proposed project includes 69 multi-family residential condominiums, a 1,916 square-foot recreation center that includes a fitness center, recreation room, storage room and restrooms, an outdoor swimming pool, dog park, playground, and associated site improvements. The units are provided within 17 two-story buildings, with a total of 18 two-bedroom units and 51 three-bedroom units. Each unit would include a two-car garage and a total of 35 guest parking spaces would be dispersed throughout the site (“Project”). Previous Applications: A number of commercial and residential development projects have been proposed on the subject property since 1997. A summary of each is provided below. On May 7, 1997, the City Council approved GPA No. 96-2, changing the General Plan land use designation for the site from Medium Density Residential (M) to C-2, along with Zone Change No. 96-1, changing the zoning from, Single Family Residential (R-1-8) to C-O. On September 17, 1997, the City Council approved Commercial Planned Development Permit (CPD) No. 96-3 for the construction of two one-story buildings and a two-story office building, Tentative Parcel Map (TPM) No. 5056 to subdivide an the existing parcel into three parcels, and Conditional Use Permit (CUP) No. 96-2 to allow a 50-foot tall tower element. Building permits for the CPD and CUP were never obtained and the TPM was never processed for a Final Map. Subsequently, the CPD, CUP and TPM have expired. On May 14, 2001, Grand Moorpark, LLC (“Grand Moorpark”) acquired the Project site. On November 30, 2001 the group filed GPA Pre-Screening Application No. 2001-02 to change the General Plan land use designation of the property from C-2 to VH15U/AC. The Affordable Housing/Community Development Committee had concerns regarding potential impacts associated with changing the planned commercial property to non- commercial uses and density of the development. On March 19, 2003, the City Council asked Grand Moorpark and Shea Homes to fund a commercial demand study before issuing a decision on the GPA Pre-Screening application. Previously, Shea Homes was considered for a GPA Pre-Screening to change the General Plan land use designation for 12.39 acres of land located at the terminus of Freemont Street, south of Los Angeles Avenue and east of Majestic Court from C-2 to VH15U/AC. The commercial demand 2 Honorable City Council 02/19/2020 Regular Meeting Page 3 study was presented at the City Council meeting of October 6, 2004. The study recommended retaining the property’s commercial land use designation. On December 1, 2004, GPA Pre-Screening application No. 2001-02 was denied. On October 18, 2006, the City Council approved CPD No. 2005-04 for the construction of a 78,939 square-foot medical office building. A one-year extension was granted on December 13, 2007, and a second extension on October 8, 2008. On November 5, 2008, City Council approved Tentative Tract Map (TTM) No. 5869 to subdivide the approved medical office building into condominium units for sale or lease. Building permits for the CPD were never obtained and the TTM was never processed for a Final Map. Subsequently, the CPD and TTM expired on October 7, 2009. On June 16, 2010, City Council approved CPD No. 2010-01 for the same medical office project approved in 2006; however, the permit expired on June 15, 2011. A subsequent application for the same medical office project was submitted on April 27, 2012, as CPD No. 2012-01. This project was approved by the City Council on January 16, 2013. An extension was granted on December 4, 2013, extending the validity of the approval through January 16, 2015. Building permits for the project entitled by the CPD were never obtained and subsequently the CPD expired on January 16, 2016. On May 21, 2014, the City Council authorized the acceptance of a GPA application for review and consistent with GPA Pre-Screening No. 2013-01 to change the General Plan land use designation of subject property from C-2 to VH15U/AC to allow construction of 66-attached residential dwelling units, with a $20,000 contribution to an updated commercial demand study. On October 10, 2014, Sky Line 66 filed GPA No. 2014-01, ZC No. 2014-01, RPD No. 2014-02, and DA No. 2014-03 for a 66-unit townhouse development and submitted the $20,000 contribution for the commercial demand study. The City Council appointed an Ad Hoc Committee consisting of Mayor Parvin and Councilmember Mikos to negotiate the Development Agreement. On August 21, 2014, Grand Moorpark, LLC, sold the property to Sky Line 66, LLC. The updated commercial demand study was presented to the City Council on September 7, 2016. The report recommended residential uses for the less-than-optimal vacant properties designated for commercial uses, including the subject property. On March 20, 2017, Summer Land Partners Group, Inc., on behalf of Sky Line 66, LLC, submitted an application for TTM No. 5869 for a condominium map on the property in association with GPA No. 2014-01, ZC No. 2014-01, RPD No. 2014-02, and DA No. 2014-03. The Applicant later revised the TTM request to Vesting TTM No. 5869 for condominium purposes. On October 22, 2018, Sky Line 66 met with staff to discuss a new proposal to develop 77 residential units for the site. Staff expressed concerns regarding the proposed density and the resulting loss of private recreational facilities and open space. The applicant addressed the concerns by decreasing the number of units to 69 and adding a recreation center with amenities. 3 Honorable City Council 02/19/2020 Regular Meeting Page 4 DISCUSSION AND ANALYSIS Existing Conditions: The 4.01-acre property is currently vacant and located on the north side of California State Route 118 (Los Angeles Avenue), between Shasta Avenue and Leta Yancy Road. The site was previously developed with two single-family homes and a detached garage and was demolished in 1996. Primary street access to the property is provided by Los Angeles Avenue. Secondary access is proposed to the east through the adjacent Mission Bell Plaza shopping center, consistent with an Easement Agreement between Mission Bell Plaza and the City (described further in this report). The following table summarizes the General Plan, zoning, and existing land uses on the subject property and vicinity. Location Existing General Plan Designation Proposed General Plan Designation Existing Zoning Designation Proposed Zoning Designation Existing Land Use Site General Commercial (C-2) Very High Density Residential (VH15U/AC) Commercial Office (C-O) Residential Planned Development (RPD) Vacant Lot North Medium Density Residential (4DU/AC) Single Family Residential (R-1-8) Detached Single Family Homes South High Density Residential (7DU/AC) Residential Planned Development (RPD 7U/AC) Vacant Lot East General Commercial (C-2) Commercial Planned Development (CPD) Mission Bell Plaza Shopping Center West Medium Density Residential (4DU/AC) Single Family Residential (R-1-8) Detached Single Family Homes Land Use: The General Plan and zoning of the subject property currently designates the site for commercial uses. Based on an updated commercial demand study (dated August 26, 2016), identifies that the City has an excessive area of land dedicated for commercial retail. The study further recognized opportunities for office space developments would likely be limited to institutional or smaller professional firms. While commercial vacancies remain higher than historic levels, the State has also declared that a housing crisis exists and directed local governments to identify opportunities to provide additional housing. Based on the totality of this information, the proposed residential land use and development align with the realities of the local commercial real estate market, as well as, priorities to develop additional housing. 4 Honorable City Council 02/19/2020 Regular Meeting Page 5 Mission Bell Easement Agreement: On September 1, 2011, the City entered into a Settlement Agreement with Mission Bell Plaza West, LP and other ownership interests of Mission Bell Plaza, over unpaid debt to the City. Part of the Settlement Agreement included a provision for Mission Bell West, LP, to provide an assignable easement to the City that would provide reciprocal access between Mission Bell Plaza and the proposed development. The Improvements specified in the Agreement include: removal of existing improvements in the location of the proposed driveway extension, including, but not limited to, block wall, planters, curbing, irrigation and landscaping, and replace with new curbing, irrigation tie-ins, and asphalt. This Easement Agreement required certain improvements to be completed on or before December 31, 2016, or the easement would expire. On June 15, 2016, the City Council extended the agreement to January 1, 2018, and on November 1, 2017, City Council approved an additional extension to January 1, 2020. On December 4, 2019, the City Council approved a third extension to the Easement Agreement to June 1, 2020, however the Easement Agreement was never fully executed. Discussions between the City and Mission Bell Plaza West, LP, continued after the expiration of the Easement Agreement and the terms of a new amended and restated agreement have been reached. Mission Bell Plaza has requested the easement to be placed in a location further north than previously identified. Location of the proposed easement has been agreed upon and is sufficient to meet the ingress/egress needs of the Menashe Kozar Skyline 66 project. An amended and restated easement agreement will be brought forth at the March 4, 2020, City Council meeting for Council consideration. Accordingly, staff has proposed a condition of approval that will require the Applicant to provide evidence of a recorded easement allowing access between the Project and Mission Bell Plaza shopping center in perpetuity before permits are issued. If the location of the easement requires modification to building locations and the approved number of units has not changed, the Community Development Director may evaluate and approve an alternative access design. General Plan Consistency: The current General Plan designation of the site is General Commercial (C-2). The applicant is requesting a GPA to change the land use designation of the site to Very High Density Residential 15U/AC. The VH15U/AC land use designation is intended for residential development characterized by multi-family attached units, including apartment and condominium buildings. It is intended that this category utilize innovative site planning, provide on-site recreational amenities and be located in close proximity to major community facilities, business centers and major arterials. The proposed General Plan land use designation of VH15U/AC allows a maximum density of 15 dwelling units per acre; however, through negotiation of the Development Agreement, the Project is proposed at a gross density 5 Honorable City Council 02/19/2020 Regular Meeting Page 6 of 17.2 dwelling units per acre, with 11 units (15%) deed restricted at the low affordability level (not to exceed 80% of the area median income adjusted for family size). A copy of the 2019 Income Limits for Ventura County is included as Attachment 2 for reference. The site design, including proposed building locations, size, height, setbacks, massing, scale, architectural style, colors, and landscaping, is consistent with the goals and policies of the City's General Plan Housing Element and Land Use Element: Housing Element Goals and Policies: • GOAL 2: Provide residential sites through land use, zoning and specific plan designations to provide a range of housing opportunities. Policy 2.2: Ensure residential sites have appropriate public services, facilities, circulation, and other needed infrastructure to support development. • GOAL 3: Expand and protect housing opportunities for lower income households and special needs groups. Policy 3.4: Require, in aggregate, 10% of new units to be affordable to lower- income households. Establishing priority for usage of in-lieu fee is as follows: 1st priority – production of affordable housing; 2nd priority – subsidy of affordable housing; 3rd priority – housing rehabilitation; 4th priority – housing assistance; and 5th priority – staffing costs. Land Use Element Goals and Policies: • GOAL 3: Provide a variety of housing types and opportunities for all economic segments of the community. Policy 3.3: Where feasible, inclusionary zoning shall be used to require that a percentage of new, private residential development be affordable to very low to moderate income households. • GOAL 5: Develop new residential housing which is compatible with the character of existing individual neighborhoods and minimizes land use incompatibility. Policy 5.1: Multiple-family dwellings shall be developed in close proximity to employment opportunities, shopping areas, public parks, and transit lines, with careful consideration of the proximity to and compatibility with single-family neighborhoods. In addition, to the Project’s conformance with the Goals and Policies of the General Plan, the development also provides the City with additional housing units required by the General Plan Housing Element and State Housing and Community Development Department (HCD). A summary of the 6 Honorable City Council 02/19/2020 Regular Meeting Page 7 City’s current (5th Cycle, 2014-2021) Regional Housing Needs Assessment (RHNA) obligation, remaining housing units, and the impacts of the proposed development are outlined in the following table: Housing Type RHNA Required for 2014-2021 Moorpark Cumulative Totals 5th cycle to date Housing still needed/required by 2021 Green Island Villas Proposal Very Low Income 289 Units 15 Units 274 Units 0 Units Low Income 197 Units 36 Units 161 Units 11 Proposed Units Moderate 216 Units 10 Unit 206 Units 0 Units Above Moderate 462 Units 518 Units 0 (Surplus of 56 Units) 58 Proposed Units Totals: 1,164 Units Required 579 Total Units Built in Moorpark 2014-2018 641 Additional Units Required by 2021 69 Proposed Units HCD’s review and approval of the RHNA methodology and allocation of units for the upcoming 6th Cycle (2021-2029) is currently underway. Projections for Moorpark include 1,287 total units in addition to the units allocated with the 5th cycle. Zoning Consistency: The current zoning designation is Commercial Office (C-O). The Applicant is requesting an amendment to RPD. The purpose of the RPD zone is to provide areas for communities to be developed using modern land planning and unified design techniques. This zone provides a flexible regulatory procedure in order to encourage: 1. Coordinated neighborhood design and compatibility with existing or potential development of surrounding areas; and 2. An efficient use of land particularly through the clustering of dwelling units and the preservation of the natural features of sites; and 3. Variety and innovation in site design, density and housing unit options, including garden apartments, townhouses and single-family dwellings; and 4. Lower housing costs through the reduction of street and utility networks; and 5. A more varied, attractive and energy-efficient living environment, as well as, greater opportunities for recreation than would be possible under other zone classifications. The Project is designed to be consistent with the RPD zone in that it would be developed in a vacant lot and would provide new homes near other adjacent residential neighborhoods. The Project would include a variety of different size buildings as each 7 Honorable City Council 02/19/2020 Regular Meeting Page 8 building would contain two to six units, and would be separated by green corridors. Improvements would be installed onsite as access to the Project would be from an existing street (Los Angeles Avenue) and an easement located within the Mission Bell Plaza shopping center. The Applicant is also proposing a recreational area that includes a recreation center, pool, playground, and dog park that can be utilized by the residents. Vesting Tentative Tract Map (VTTM) No. 5869: The proposed VTTM would subdivide the 4.01-acre lot to create one master ground lot with 69 airspace condominium units. The Applicant is requesting a VTTM as part of the residential development in order to create the condominiums and common parcel. A vesting map grants vested rights to proceed with a project in accordance with the ordinances, policies and standards in effect at the time the application for approval of the vesting tentative map is complete. The driveway, guest parking, access easement, and recreation facilities would be a common area parcel shared by all residents. The Applicant would be required to submit a Final Map before the VTTM expires. Residential Planned Development Permit (RPD) No. 2014-02: An RPD is required for projects creating five or more separate residential units. As mentioned above, the Applicant is requesting to subdivide the parcel to create 69 airspace condominiums on one common area lot. The Planning Commission may recommend approval of an RPD to the City Council if the Project meets the RPD development standards, including but not limited to building height, minimum lot size, and setbacks for the RPD zone. The following table describes the residential development proposed with the RPD: Bedroom Size Number of Units Number of Parking Spaces Inside Garage Gross Area Range for Units (sq. ft.) Total Area Calculation of Units 2 Bedrooms, plus 2 ½ Bathrooms 18 Units 2 Spaces 1,685 sq. ft. to 1,813 sq. ft. 32,634 sq. ft. 3 Bedrooms, plus 2 ½ Bathrooms 51 Units 2 Spaces 1,876 sq. ft. to 2,033 sq. ft. 103,683 sq. ft. Eleven of the proposed units will be reserved at the low affordability level (not to exceed 80% of the area median income adjusted for family size) pursuant to the proposed Development Agreement. At a minimum, these units shall include 1,800 square feet with 3 bedrooms and 2.5 baths each. 8 Honorable City Council 02/19/2020 Regular Meeting Page 9 Setbacks and Building Height: The RPD zoning district allows for the development of project-specific setbacks, including but not limited to building height and minimum lot size. The applicant is proposing 17 buildings ranging from two to six units each. Each unit is proposed with a minimum 250 square-foot back yard. Buildings that are proposed adjacent to existing single-family development at the north, east, and west of the site would include a 15- foot rear yard setback. This buffer is consistent with the rear yard setback provided by the adjacent single-family homes. Buildings located along the southerly property line, at Los Angeles Avenue, have a 10-foot rear yard setback. The side yard setback for corner units ranges from 14 feet to 19 feet. Heights of the proposed buildings range from 24 feet and 7 inches to 28 feet and 10 inches. The community center, located in the center of the site, is proposed at a height of 17 feet and 10 inches. As designed, the building forms, setbacks, and height are generally consistent with development in the vicinity of the Project site, including the scale of commercial development and adjacent single-family residences. The following table summarizes the development standards of the RPD zoning designation as well as the existing single-family neighborhoods to the north and west of the Project site. Setback Regulations Existing Single Family Homes Located to the North and West of the Proposed Project Site RPD Zone Regulations for Multifamily Residential Proposed Residential Planned Development (RPD) A. Front yard setback 20 feet 20 feet 20 feet B. Side yard setback, interior side 5 feet 10 feet 10 feet C. Side yard setback, street side 10 feet 10 feet 14 feet D. Rear yard setback 15 feet Determined by the RPD permit 15 feet E. Building height maximum 35 feet 35 feet 35 feet Architecture: The architectural style of the homes and recreation building is Spanish Mission design. The residential buildings are proposed with a variation of earth toned colors on smooth plaster finish with clay tile roof. Each unit would have an approximately 20-foot tall exterior chimney located on the side wall. Each unit is also provided with a 54 square- foot recessed uncovered second-story balcony with a decorative metal guardrail at the rear of the building. A rectangular transom window above the entry door was added to provide horizontal consistency and add natural lighting to the homes. The applicant is 9 Honorable City Council 02/19/2020 Regular Meeting Page 10 also proposing an open lattice wood trellis above each entryway and a second-story bay window above the overhead sectional garage door. To reduce noise from Los Angeles Avenue, a condition of approval has been added that requires windows along the south and east facades of the Project to be a minimum Sound Transmission Class (STC) rating of 40. The proposed architecture is well-designed and is compatible with the existing development in the vicinity of the Project. Staff has been working closely with the applicant regarding the design of the recreation building. The single-story building would have a smooth plaster finish with clay tile roof. Picture windows would be located on all four sides of the building. The main entrance to the building is located at the south elevation, which faces the primary entrance to the Project site and features prominently along Los Angeles Avenue. This current proposal represents the third design concept for this building and is the most compatible with the residential buildings and adjacent development. Previous designs included angular, modern features and a larger, two-story building with barreled columns that were generally not compatible with the character of the existing community. Circulation and Traffic: The primary access to the site would be provided from Los Angeles Avenue with a secondary access (via easement) from the Mission Bell Plaza shopping center parking lot, directly to the east of the property. The driveway from Los Angeles Avenue would remain unsignalized and would accommodate right-turn-only ingress and egress, which eliminates the potential for eastbound related left-turn conflicts on Los Angeles Avenue. Residents wanting to travel eastbound along Los Angeles Avenue could exit the Project site via the secondary access through Mission Bell Plaza and through the signalized intersection at Leta Yancy Road and Los Angeles Avenue. The Project has been designed in a manner that ensures the safe circulation for vehicles and pedestrians. The applicant submitted a trip generation assessment report conducted by Gibson Transportation Consulting, Inc. (August 27 2019). The report concluded the proposed Project would generate a total of 32 trips during the morning peak hour and 39 trips during the afternoon peak hour. The volume of these trips is less than significant and would not reduce the level of service of adjacent intersections. Parking: The Parking Ordinance requires two parking spaces per unit for two or more bedrooms, and 0.5 spaces per unit for guest parking. The applicant is proposing a two-car garage for each unit and 35 guest parking spaces located throughout the site and in front of the recreation center. As designed, the proposed residential and guest parking provided comply with the off-street parking requirement of the City Code. Garages would be accessed from an alley driveway on which no parking would be allowed. Although residents would have access to the Mission Bell Plaza shopping center parking lot, a 10 Honorable City Council 02/19/2020 Regular Meeting Page 11 condition of approval has been included that prohibits residents and guests from parking in the adjacent Mission Bell Plaza parking lot. The following table summarizes the parking requirement on the subject property. Number of Parking Spaces Required for a 69 Multi-Family Residential Condominium Development Spaces Required Spaces Provided 2 spaces per unit 138 138 0.5 spaces per unit (for guest) 34.5 35 Total 172.5* 173 *Pursuant to City Code Section 17.32.030, fractional spaces of .5 or less are rounded down to the nearest whole number. Site Improvements and National Pollution Discharge Elimination Standards Requirements (NPDES): The Project has been designed to provide for all necessary on-site and off-site storm drain improvements including the imposition of National Pollution Discharge Elimination System (NPDES) requirements. Best Management Practices Drainage Facilities are required to be provided so that surface flows are intercepted and treated. These items would be reviewed by the City Engineer/Public Works Director as part of the condition compliance process. Grading and Drainage: Construction of the Project would result in ground surface disturbance during site clearance and grading. Uniformly applied conditions of approval imposed on the Project would require stockpiles, excavation, and exposed soil to be covered with secured tarps, plastic sheeting, erosion control fabrics, or treated with a bio-degradable soil stabilize. Furthermore, applicant would be required to obtain a California State Water Resources Control Board Construction General Permit, which requires development of a Storm Water Pollution Prevention Plan (SWPPP). The proposed Project would alter the landform and concentrate drainage to the existing streets and storm drain pipes. The effects of increased impervious surface area would increase stormwater runoff and potentially result in downstream flooding and degraded water quality. A condition of approval has been added that requires the Developer to revise the grading, street improvements, and drainage plans to the satisfaction of the City Engineer/Public Works Director. These reports shall demonstrate that historic drainages are not adversely impacted. 11 Honorable City Council 02/19/2020 Regular Meeting Page 12 Landscaping: The Applicant has proposed a landscape plan that includes a variety of trees, shrubs, and groundcover across the property. The plan also includes landscaping in the backyards, including the use of perimeter trees along the west, north, and east property lines. These trees in particular help screen the proposed buildings from the view of the adjacent single-family neighborhood and maintain the privacy of adjacent single-family homes. These trees would be required to be maintained by the Homeowner’s Association (HOA). A condition of approval will require the developer to provide a gated point of access to the trees within each rear yard. This would allow maintenance workers to enter the rear yard through the fence. In addition, the HOA would also maintain the landscape provided in the public areas. Development Agreement (DA) No. 2014-03: Government Code Section 65864 and City of Moorpark Municipal Code Section 15.40 provide an opportunity for a DA between the City and property owners in connection with proposed plans of development for specific properties. The proposed DA, included in Attachment 9, is designed to strengthen the planning process, to provide developers some certainty in the development process, and to assure development in accordance with the terms and conditions of the agreement. Vesting of development rights, timing of development, development fees, and residential density and provision of affordable housing are addressed in the proposed DA. The terms of the DA have been negotiated by an Ad Hoc committee of the City Council consisting of Mayor Parvin and Councilmember Mikos. The Planning Commission held a public hearing on the proposed DA application as discussed in a subsequent section of this report. Section 15.40.090 of the Municipal Code also requires a City Council public hearing for a development agreement and adoption of an ordinance is required for approval. Community Outreach: On March 8, 2018, Andrew Brady (former attorney for the applicant) held a community meeting at 799 Moorpark Avenue (City Hall). At that time, the applicant was proposing a 64 unit multi-family residential condominium development with access from Shasta Avenue. Mr. Brady presented the Project and responded to general questions. Staff was in attendance in order to observe these discussions and the comments presented by the community. Several in attendance expressed support for the Project but had concerns regarding potential impacts to the neighborhood resulting from access at Shasta Avenue. In response, the applicant revised the plans to remove the proposed access to Shasta Avenue, relocate the primary access to Los Angeles Avenue and provide five additional units. 12 Honorable City Council 02/19/2020 Regular Meeting Page 13 Findings: Formal findings are not required for approval of the General Plan Amendment and Zone Change because they are legislative acts. However, staff has included recommended findings for these actions, along with the required findings for the RPD, VTTM, and DA below. General Plan Amendment: 1. A commercial demand study was prepared and concluded that commercial use development was not viable, in favor of residential development on the subject property. 2. The Project will help to increase the variety of housing types within the City and will provide 11 affordable housing units in furtherance of the City’s Housing Element. Zone Change: 1. The proposed zoning designation is consistent with the proposed General Plan land use designation. 2. The proposed zoning designation is intended for residential development characterized by multiple family attached units and apartment and condominium buildings. 3. The proposed zoning designation would support the development of residential uses with on-site recreational amenities, and be located in close proximity to major community facilities, business centers and major arterials. Residential Planned Development Permit: 1. The site design, including structure locations, size, height, setbacks, massing, scale, architectural style and colors, and landscaping, is consistent with the goals and policies of the City's General Plan and Zoning Ordinance as proposed to be amended by General Plan Amendment No. 2014-01 and Zone Change No. 2014-01, in that the Project would provide both market rate and 11 deed restricted affordable housing units in a design that is comparable in scale with surrounding residential and commercial development. 2. The site design would not create negative impacts on or impair the utility of properties, structures or uses in the surrounding area in that adequate provision of public access, sanitary services, and emergency services have been ensured in the processing of this request and the use proposed is similar to adjacent uses, and access to or utility of those adjacent uses are not hindered by this Project. 13 Honorable City Council 02/19/2020 Regular Meeting Page 14 3. The proposed uses are compatible with existing and permitted uses in the surrounding area in that the Project will be located within a residential neighborhood and will be screened by a perimeter of trees. Vesting Tentative Tract Map: 1. The proposed Vesting Tentative Tract Map is consistent with the City’s General Plan as proposed to be amended by General Plan Amendment No. 2014-01, in that it would allow for the provision of a variety of housing types as well as affordable housing in a design that is both compatible in scale with surrounding residential and commercial development. 2. The design and improvements of the proposed subdivision is consistent with the General Plan as proposed to be amended by General Plan Amendment No. 2014-01, in that they will provide a variety of housing types as well as affordable housing in a design that is both compatible in scale with surrounding residential and commercial development. 3. The Project site is physically suitable for the type of residential development proposed in that the site can be engineered to allow for all required utilities to be brought to the site, adequate ingress and egress can be obtained, and the site can be provided with public and emergency services. 4. The Project site is physically suitable for the proposed density of development at 17.2 units per acre, in that the project complies with all applicable development standards and design requirements of the Municipal Code. 5. The design of the subdivision and the proposed improvements are not likely to cause substantial environmental damage or substantially and avoidably injure fish or wildlife or their habitat because the Project site was previously graded and an Initial Study and Negative Declaration were prepared pursuant to the California Environmental Quality Act and determined that no significant environmental impacts are likely to result from the development and occupancy of the Project. 6. The design of the subdivision and proposed improvements will not cause serious public health problems, in that adequate sanitation is both feasible and required as a condition of this development. 7. The design of the subdivision and the type of improvements will not conflict with easements acquired by the public at large, for access through or use of the property within the proposed subdivision, in that full access to and from Los Angeles Avenue and Mission Bell Plaza shopping center easement has been incorporated into the design of the Project. 14 Honorable City Council 02/19/2020 Regular Meeting Page 15 Development Agreement: 1. The provisions of the development agreement are consistent with the General Plan. 2. The provisions of the development agreement are consistent with Chapter 15.40 of the Municipal Code. NOTICING Public Notice for this meeting was given consistent with Chapter 17.44.070 of the Zoning Ordinance as follows: 1. Publication. The notice of the public hearing was published in the Ventura County Star on February 9, 2020. 2. Mailing. The notice of the public hearing was mailed on February 7, 2020, to owners of real property, as identified on the latest adjusted Ventura County Tax Assessor Roles, within one-thousand (1,000) feet of the exterior boundaries of the assessor’s parcel(s) subject to the hearing. 3. Sign. One 32 square foot sign is to be placed on the street frontage by February 7, 2020. PROCESSING TIME LIMITS Time limits have been established for the processing of development projects under the Permit Streamlining Act (Government Code Title 7, Division 1, Chapter 4.5), the Subdivision Map Act (Government Code Title 7, Division 2), and the California Environmental Quality Act Statutes and Guidelines (Public Resources Code Division 13, and California Code of Regulations, Title 14, Chapter 3). Because the application includes legislative actions to amend the General Plan and the Zoning Code and to enter into a Development Agreement, it is not subject to processing time limits. ENVIRONMENTAL DETERMINATION In accordance with the City’s environmental review procedures adopted by resolution, the Community Development Director determines the level of review necessary for a project to comply with the California Environmental Quality Act (CEQA). Some projects may be exempt from review based upon a specific category listed in CEQA. Other projects may be exempt under a general rule that environmental review is not necessary where it can be determined that there would be no possibility of significant effect upon the environment. A project which does not qualify for an exemption requires the preparation of an Initial Study to assess the level of potential environmental impacts. 15 Honorable City Council 02/19/2020 Regular Meeting Page 16 Based upon the results of an Initial Study, the Director may determine that a project would not have a significant effect upon the environment. In such a case, a Notice of Intent to Adopt a Negative Declaration or a Mitigated Negative Declaration is prepared. For many projects, a Negative Declaration or Mitigated Negative Declaration would prove to be sufficient environmental documentation. If the Director determines that a project has the potential for significant adverse impacts and adequate mitigation cannot be readily identified, an Environmental Impact Report (EIR) is prepared. The Community Development Director has supervised the preparation of an Initial Study to assess the potential significant impacts of this Project. Based upon the Initial Study, the Director has determined that there is no substantial evidence that the Project or any of its aspects may cause a significant effect on the environment and prepared a Negative Declaration for Planning Commission review and consideration before making a recommendation on the Project. The Initial Study and Negative Declaration (Attachment 5) were prepared and circulated on July 2, 2019. Three comment letters were subsequently received: Ventura County Air Pollution Control District; California Department of Transportation; and Ventura County Public Works Agency - Watershed Protection. These comments and Staff’s response are provided in a Memorandum, which is also attached. Staff has reviewed the letters received, consulted with the agencies providing comments, and determined that no changes to the Project or Initial Study and Negative Declaration are warranted. PLANNING COMMISSION RECOMMENDATION On October 22, 2019, the Planning Commission opened a public hearing regarding the Green Island Villas project. During deliberations, the Planning Commission directed the Applicant to revise the proposed design to address four specific comments (highlighted below). These comments resulted in the continuance of the public hearing to November 26, 2019 and again to the Special Meeting of December 17, 2019. On January 14, 2020, the Applicant provided staff with updated plans and a detailed response (Attachment 4) to each of the Planning Commission comments. The comments provided by the Planning Commission on October 22, 2019, are summarized below with a response indicating how each comment has been addressed on the revised plans. Comment 1: Provide suitable pedestrian connections and accessible pathways within the Project between the residences and on-site amenities, adjacent properties (including Mission Bell Plaza), and the public right-of-way. Staff Response: The revised plans include three-foot wide stamped concrete walkways throughout the interior of the Project, adjacent to the 25-foot wide drive aisle. These paths connect off-site to Mission Bell Plaza and existing sidewalks 16 Honorable City Council 02/19/2020 Regular Meeting Page 17 along Los Angeles Avenue. The updated site plan also provides sufficient area for the required accessible pathways throughout the Project. Comment 2: Provide additional enhanced landscaping along the building facades facing interior drive aisles within the Project. Staff Response: The Applicant provided a revised Landscape Plan and elevations that include additional shrubs and vines on the corner of the units and in planters between units, along the driveway. In addition, the Applicant will be installing box planters on the second story patio railing. The revised Landscape Plan (Sheet L1.0) also now distinguishes between landscaped areas that are proposed to be maintained by the individual homeowners versus the Homeowners Association. The Applicant had previously explained that these trees were to be maintained by the HOA, however, the landscape plan identifies these as privately maintained. In order to maintain the integrity and uniformity of the screening of the proposed buildings from adjacent properties, Staff included a condition of approval that requires the HOA to maintain the perimeter trees shown on the landscape plan. Comment 3: Swap the locations of the dog park and playground to provide better supervision of children from the adjacent recreation building. Staff Response: Per the Applicant, the dog park and playground are proposed to remain in the same location as previously proposed. In this configuration, the children’s playground is slightly larger than the dog park. Comment 4: Provide additional off-street guest parking to serve the Project. Staff Response: Per the Applicant, no additional off-street guest parking is proposed to be provided. The Project provides the number of off-street parking spaces required by the Municipal Code. On January 28, 2020, the Planning Commission voted 3-1 to recommend approval, with Vice Chair Di Cecco dissenting and Commissioner Hamous recusing due to potential conflict of interest. During deliberation, Vice Chair Di Cecco expressed continued concerns regarding the safety of the walkways throughout the interior of the Project and limited amount of landscaping. Chair Haverstock requested these comments be conveyed to the City Council for consideration. FISCAL IMPACT Staff costs associated with the processing of the entitlements are reimbursable through the developer deposit account with the City. All landscaping within the project will be maintained by a private HOA and no streets within the project are publicly maintained. 17 Honorable City Council 02/19/2020 Regular Meeting Page 18 COUNCIL GOAL COMPLIANCE This action is consistent with City Council Strategy 5, Goal 1, Objective 1 (5.1.1): Present for the City Council consideration General Plan Amendment of Land Use Element and accompanying entitlements for GPA No. 2005-02 (Chiu) and GPA No. 2014-01 (Kozar/Grand Moorpark/Sky Line 66, LLC) by December 30, 2019. STAFF RECOMMENDATION (ROLL CALL VOTE REQUIRED) 1. Open the public hearing, accept public testimony and close the public hearing; and 2. Adopt Resolution No. 2020-____ adopting the Negative Declaration and approving General Plan Amendment No. 2014-01; and 3. Introduce Ordinance No. ____, approving Zone Change No. 2014-01, for first reading, waive full reading, and place this ordinance on the agenda for March 4, 2020, for purposes of providing second reading and adoption of the ordinance; and 4. Introduce Ordinance No. ____, approving Development Agreement No. 2014-03, for first reading, waive full reading, and place this ordinance on the agenda for March 4, 2020, for purposes of providing second reading and adoption of the ordinance; and 5. Adopt Resolution No. 2020-____ approving Residential Planned Development Permit No. 2014-02 and Vesting Tentative Tract Map No. 5869. Attachment 1: Project Exhibits A. Location Map B. Aerial Photograph C. Project Plans Attachment 2: 2019 Income Limits (Ventura County) Attachment 3: Keyser Marston Associated, Inc. - Commercial Demand Study Attachment 4: Applicant Response to Planning Commission Comments (December 9, 2019) Attachment 5: Title Report Attachment 6: Draft Resolution No. 2020-___ Adopting the Negative Declaration and Approving GPA No. 2014-01 Attachment 7: Draft Ordinance No. ___ Adopting ZC No. 2014-01 Attachment 8: Draft Resolution No. 2020-____ Approving RPD Permit No. 2014-02 and VTTM No. 5869 Attachment 9: Draft Ordinance No. ___ Approving DA 2014-03 18 Location Map - 635 Los Angeles Avenue ATTACHMENT 1A Project Site 19 Aerial Photograph - 635 Los Angeles Avenue ATTACHMENT 1B Project Site 20 21ATTACHMENT 1C 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 2019 INCOME LIMITS (Ventura County) Housing and Community Development Department (State) HCD Income Limits Median Income: $ 97,800 1 person 2 persons 3 persons 4 persons 5 persons 6 persons 7 persons 8 persons Extremely Low $22,000 $25,150 $28,300 $31,400 $33,950 $36,450 $39,010 $43,430 Very Low Income $36,650 $41,850 $47,100 $52,300 $56,500 $60,700 $64,900 $69,050 Low Income $58,600 $67,000 $75,350 $83,700 $90,400 $97,100 $103,800 $110,500 Median Income $68,450 $78,250 $88,000 $97,800 $105,600 $113,450 $121,250 $129,100 Moderate Income $82,150 $93,900 $105,600 $117,350 $126,750 $136,150 $145,500 $154,900 ATTACHMENT 2 91 ATTACHMENT 3 ITEM 9.B. CITY OF MOORPARK. CALIFORNIA City Council Meeting of '1.::_J-.?.01ftz__ __ _ ACTION: Ru·, I .. ,if. uL MOORPARK CITY COUNCIL f 4Lt= AGENDA REPORT ev: ~ _A;_,_;;_e_, __ _ TO: FROM: DATE: Honorable City Council --;i;2 David A. Bobardt, Community Development Director V j; August 26, 2016 (CC Meeting of 917/2016) SUBJECT: Consider Moorpark Commercial Market Overview BACKGROUND/DISCUSSION In 2004, Allan D. Kotin and Associates, along with CB Richard Ellis Consulting, prepared a retail market and land use feasibility study for the City to help understand whether or not certain vacant properties planned for commercial uses should be maintained for commercial uses or changed to a non-commercial planned land use. The Retail Study concluded that the City had significant retail leakage that would require several thousand square feet of new commercial development consuming approximately 50 acres of land over the next 20 years. The Retail Study also revealed that the City does not have a sufficient supply of large sites to accommodate large scale retail development needed to capture the retail leakage. ' From the time of this study to 2008, four new shopping centers (Campus Plaza, Village at Moorpark, Tuscany Square/The Grove at Moorpark, and LA Spring Center) were completed, an existing shopping center (Mountain Meadows Plaza) was expanded, and a stand-alone retail appliance showroom and retail building (Warehouse Discount Center) were built, adding over 360,000 square feet of retail commercial space. This additional retail space is approximately equivalent to the size of the Moorpark Marketplace shopping center, which was completed in 2003. These new centers, along with some of the previously established centers in Moorpark, have had noticeable vacancies. In addition, an approved Home Depot project and two new approved office developments on Los Angeles Avenue never were built. One of the office developments that was not built was proposed by developer Grand Moorpark, after its General Plan Amendment pre-screening application to build a residential townhouse development was rejected, partially based on the conclusions of the Kotin study, which suggested retaining the site for commercial use. 75 92 Honorable City Council September 7, 2016 Page2 The retail industry has changed dramatically and rapidly since the Kotin Study in 2004. Probably the most influential force shaping the retail industry today is the internet. Internet sales have been increasing at a faster pace than brick and mortar sales, but now internet sales are experiencing a shift. Consumers are beginning to shift away from purchasing items on their laptop or desktop and are now buying via phone or tablet. Consumers are increasingly using mobile phones and tablets for product research and online purchasing. This shift to mobile devices is expected to continue in the future and drive the growth of online sales as more consumers have convenient access to the internet. Changes in the demand for commercial space warranted an update to this commercial demand study that would assist in considering individual projects as. well as updating the Land Use Element of the General Plan. Brick and mortar stores have recognized these trends and offer rapid shipping of internet orders to the stores, which, combined with automated inventory replacement, has substantially reduced the amount of space needed for inventory. A number of stores, including Staples, have chosen to focus on internet sales combined with quick delivery and have closed hundreds of stores nationwide. This trend has also been felt locally. On May 21, 2014, the City Council authorized the submittal of a General Plan Amendment application for a proposed change in planned land use from General Commercial to Very High Density Residential on 4.0 vacant acres west of the Mission Bell Plaza shopping Center. This authorization was contingent upon the contribution of $20,000.00 to a commercial demand study to help determine the appropriate land use for this property. An application by Grand Moorpark for a 66-unit townhouse condominium project was submitted on October 10, 2014, along with the contribution toward the commercial demand study. On April 15, 2015, the City Council authorized the submittal of a General Plan Amendment application for a proposed change in planned land use from General Commercial to Very High Density Residential on 7.8 acres currently used for recreational vehicle storage and two homes at 4875 Spring Road and 384 Los Angeles Avenue. This authorization also was contingent upon the contribution of $20,000.00 toward a commercial demand study. An application by Spring Road, LLC, for a 95-unit townhouse condominium project was submitted on November 17, 2015, along with the contribution toward the commercial demand study. On July 1, 2015, the City Council authorized a budget appropriation of $40,000.00 to enter into an agreement with Keyser Marston Associates to conduct a retail, office and hotel market study of Moorpark, fully funded by the aforementioned development project proposals. An agreement was executed on October 19, 2015 to prepare this study. This study was completed in June, 2016, and, after review by staff, distributed to the City Council on July 1, 2016. Two corrections have been made to this document and are incorporated in the final attached document as follows: 76 93 Honorable City Council September 7, 2016 Page 3 o On Page 11, SCAG Population figures have been updated to reflect the Regional Transportation Plan/Sustainable Communities Strategy adopted in April 2016. o On Page 27, a typo on the land costs in Point No. 4 was corrected. The following is a brief summary of the conclusions of the Keyser Marston study. A complete Executive Summary is included on Pages 3-9 of the attached report. Retail The study documented an excess of retail space in Moorpark, with an estimated 280,000 square feet currently vacant. Given the highly competitive regional and subregional markets with two substantially larger cities bracketing Moorpark and drawing sales to Moorpark residents, the increase in e-commerce, and the limited population growth potential within Moorpark, the study projects that demand for retail uses can be accommodated within this existing vacant retail space over the next 20 years. The study also indicates that the City may wish to consider converting some. of the less-than-optimal commercial sites to alternative uses to promote a healthier retail environment. Office Given current space allocation trends, high vacancy rates in the market area, low population and limited employment base, opportunities for office development are likely limited to institutional or smaller professional firms. Industrial The regional and subregional market for industrial space is strong with low vacancy rates and high absorption rates. Much of the space is being developed for logistics (warehousing) tenants, where employee counts are limited. Hotel The demand analysis indicates a healthy amount of hotel potential in the Simi Valley/Moorpark market area with the Moorpark Fairfield Inn and a planned Simi Valley Hampton Inn taking up a good share of the near to mid-term demand. STAFF RECOMMENDATION Receive and file. Attachment: City of Moorpark Market Overview, Keyser Marston Associates, August 26, 2016 77 94 ADVISORS lN: REAL ES'rA.ffi REDEVELOPMENT AFFORDAfl!.E 1-kxJsJNO &:oNoMlc Oi:V!ll.OPMENT SA/'I l'lt.A.NCISCO A. JERRY KEYSER TlMmlfv C. KEu v KATE EARLE FUNK DERBIE M. KERN REED T. KAWAHARA DA YID IJcEZEW.. Los ANGELES KA.nn.EEN K, HF.AD IAMllS A. RAHE To: From: Date: Subject: KEYSER MARSTON ASSOCIATES. ADVISORS IN rUBLIC/rRIVATE REAL ESTATE DEVfLOrMENT MEMORANDUM David Bobardt, Community Development Director City of Moorpark Kevin Engstrom James Rabe August 26, 2016 City of Moorpark Market Overvi.ew GRooo., 0 · Soo-Hoo INTRODUCTION KEVIN E. EoomtOM IULIH L. RcMEY SA.NDn!:GO PAULC. MARRA Pursuant to your request, Keyser Marston Associates, Inc. (KMA) prepared a market analysis for the City of Moorpark (City). The analysis estimated the magnitude of the existing commercial development in the City and summarized the market conditions for the City, estimating demand for retail, office, industrial and hotel development. The main sections of the analysis are summarized below: 1. Socio-Economic Characteristics1 -KMA evaluated the socio-economic characteristics of the three, five and ten-mile market area, City and Ventura County (County). Reviewing the socio-economic characteristics of the market area residents is necessary for the evaluation of potential market opportunities. 2. Employment and Business -Provides a summary of existing employment and businesses. 3. Commercial lnventorv -Working with the City, KMA estimated the amount of commercial development in the City. 1 Socio-Economic characteristics include demographic and economic traits (e.g. population, race, age, education levels, incQme levels etc.) of market area ·residents. 500 SOUTH GRAND AVENUE, SUITE 1480 ",,.-LOS ANGELES, CALIFORNIA 90071 ,.-PHONE: 213622 8095 ,.-FAX: 213 622 5204 WWW.KEYSERMARSTON.COM 1604016 .MOOR .KEE:errvn 16037.001.001 78 95 To: Subject: David Bobardt, City of Moorpark City of Moorpark Market Opportunities August 26, 2016 Page2 4. Retail Overview -lnclude.s data from regional brokerage houses, current asking rents, estimates of current retail productivity levels, and estimates of the likely supportable retail. 5. Office Overview -This analysis includes data from regional brokerage houses, current asking rents and market demand projections to assess potential opportunities. 6. Industrial Overview -This analysis includes data from regional brokerage houses, current asking rents and market demand projections to assess potential opportunities. 7. Lodging Overview -This analysis includes an evaluation of average daily rates, occupancy an.d demand in the region. 1604016.MOOR.KEE:emm 16037.00'l.001 79 96 To: Dav id Bobardt, City of Moorpark Subject: City of Moorpark Market Opportunities EXECUTIVE SUMMARY The KMA analysis is summariz ed below: August 26 , 2016 Page 3 1. Socio Economic Characteristics -The three, five and ten -mile market area population is low; however, both the income levels and education levels are much higher than the County average. 2 2 . Employment and Businesses -Employment has steadily increased in Ventura County since 2010 _ With in the market area , there is a concentration of Finance and Insurance employment, which is good for office demand; however, there are actually fewer businesses. In addition , there is a relatively small share of Re al Estate and Professional businesses in the City, which are both office users. 3 . Commercial Inventory -Within the C ity, approximately 16% of the commercial space is vacant. In addition , many centers are relying on non -retail , institutional and service related tenants to fill a major share of their space ( 18% of the commercial space). Further, nearly one third of the centers that are i n good condition and have good locations still have high vacancies. Finally, office development in the City is limited to campus/business park developments, with smaller professional and service related office space found throughout the commercial centers. 4 . Retail -Brokers active in the City indicate an excess of commercial space in the community. The current high vacancy rates, moderate rental rates and low productivity levels further substantiate the belief that the City's retail market is soft. The surplus/leakage analysis and review of retail productivity levels (sales per square foot) indicates a challenging environment, as existing development in surrounding jurisdictions appears to capture local and reg ional demand. In addition, national retail trends indicate that on-line shopping will continue to impact the brick and mortar space requirements of retailers . The projections herein reflect a relatively conservative impact of this phenomenon; however, if the current growth rate for on-line sales continues, then the impact on brick and mortar retail could be very significant. Citywide demand projections indicate some potential from community residents for local serving apparel stores , foodservice and food & beverage stores . 5. Office -The office market is still recovering from the recession , as vacancy rates and rents are moving off their 2010-2012 levels and absorption is still relatively 2 The market area is measured from the intersection of Moorpark Avenue at Los A ngeles Avenue . 1604016.MOOR.KEE·emm 16037 .001.001 80 97 To: David Bobardt, City of Moorpark Subject: City of Moorpark llJlarket Opportunities August 26, 2016 Page4 slow; therefore, limited office develop·ment has occurred in Ventura County. In addition, vacancy rates in the Simi Valley/Moorpark market area are higher than the County and the City has a small population and employment base, these factors will all inhibrt demand. In addition to these local factors, current trends in the office industry indicate the amount of space required by businesses on a per employee basis is decreasing. Whereas historical precedent saw typical space allocations of 250 square feet per employee, current space allocations now range from 175 to 200 square feet per employee. Technology and improving connectivity, which allow employees to work off-site are a significant factor promoting this reduction. 6. Industrial -The Southern California industrial market is very healthy. Within Ventura County, the market is strong, with an average vacancy rate of 5.6% and high absorption levels. In particular, the Simi Valley/Moorpark market area is very healthy with vacancy rates (5.3%) that are lower than the County and strong absorption (377,000 square feet), which accounts for 50% of the County total. Regional trend.s indicate a healthy long-term industrial market especially for uses Y1ith smaller offices, with much of the space is being developed for logistics tenants, which generate limited employee counts. Overall, market demand is likely to be strong in the near-to mid-term. 7. Hotel -Historically, hotels are the most volatile land use, as rooms are "rented" on a nightly basis. This trend will continue in the future, as fluctuations in employment, the economy, and natural/man-made disasters can all have a significant influence on the hotel industry. Notwithstanding these issues, the h()tel market in Southern California is healthy, having improved significantly over the past five years. The demand analysis indicates a healthy amount of hotel· potential in the Simi Valley/Moorpark market area over the next 20 years. In addition, the nearby Thousand Oaks/Agoura Hills market area is performing very well. Over the past five years, the Simi Valley/Moorpark market area has not seen an increase in hotel room supply. Given the healthy market conditions, a new Hampton Inn & Suites is planned for Simi Valley and a 108-room Fairfield Hotel is planned for Moorpark. If these projects proceed, they will account for a good share of the near to mid-term demand. The key implications of the market analysis are summarized below: 1. The higher income and education levels of City residents are very attractive to retailers; however, the low number of households will offset these attributes, which limits opportunities. 1604016.MOOR.KEE:emm 16037.001.001 81 98 To: Subject: David Bobardt, City of Moorpark City of Moorpark Market Opportunities August 26, 2016 Page 5 2. The City is located in a highly competitive Southern California market area. As such, credit tenants have many choices when making decisions on sites, and the low population densities will hamper the City's attractiveness. This is likely to remain the case, even if regional traffic along Los Angeles Avenue continues to grow. 3. Typical retail mark.et areas will extend from one to five miles depending on the establishment type; however, the te.n-mile regional market area and opportunities therein, will still impact site selection decisions. 4. The City exists in a highly competitive market area, as it is bracketed by Thousand Oaks and Simi Valley, which are home to strong, regional retail centers. These jurisdictions are capturing and/or are well suited to capture demand from City residents due to agglomeration principles (tenants which attract similar patrons cluster together) and stronger locations. This phenomenon is already occurring with apparel stores, which show a significant amount of demand for the City, but a surplus of sales in the ten-mile market area. 5. In recent years, e-commerce sales have risen nationally at a rate substantially faster than shopping center sales. The Urban Land lnstiMe and International Council of Shopping Centers indicate this trend will continue, with traditional retailers expanding and focusing on their on-line potential. Due to these factors, publications indicate that "shopping online will make retail space dwindle" as on- line sales are projected to approach 30% of total retail sales by 2030. 3 These changes will particularly impact areas that are not considered prime retail locations. 6. · The surplus/leakage analysis for the City shows potential demand for 220,000 square feet of retail. However, this demand is spread across all establishment types, so most opportunities are limited to smaller, locally serving retailers. Further, competition in the five-mile market area is already absorbing much of this demand, particularly for home furnishings/electronic/appliance stores, building materials stores, sporting goods/hobby stores, general merchandise and miscellaneous retailers. When the market area capture of these tenant types is considered, the potential d.emand is reduced to 140,000 square feet. At 140,000 to 220,000 square feet, the magnitude of this demand is less than the current amount of vacant space in the City. 3 Emerging Trends in Real Estate 2016 and USAA's E-Commerr:e: Implications for Retail Real Estate. · 1604016 MOOR.KEE·errm 16037.001.001 82 99 To: Subject: David Bobardt, City of Moorpark City of Moorpark Market Opportunities August 26, 2016 Page6 7. Population and household growth projections for the market area do not indicate significant growth opportunities. Based on current projections, retail demand through 2035 totals 455,000 square feet; however, much of this demand is currently being absorbed in the market area. In fact, the current surplus of sales in the five-mile market area for ho.me furnishings & appliance stores, building materi.als stores and other/m.iscellaneous retail is greater than the demand projected for the City through 2035. When the market area performance for these establishment types is considered, the supported retail is only 310,000 square feet. Assuming the City captures a share of this demand consistent with current levels, then the potential supported development is approximately 200,000 square feet.4 Assuming the range of retail demand estimated in the sensitivity test (374,000 to 589,000 square feet), the supported retail would be 165,000 to 275,000 square feet. 8. Within the City, approximately 280,000 square feet of commercial space is vacant, so the current amount of vacant space exceeds current demand and the twenty-year demand projections. 9. The City may consider the potential conversion of commercial to alternative land uses. This could promote a healthier retail environment in those areas that are more successful. The conversion of underperforming centers to mixed use could benefit the City by generating more residents, while at the same time allowing land owners to reposition underperforming retail. The conversion to single use residential projects would increase the market area buying power. 10. Undeveloped land with freeway visibility may provide superior long-term retail opportunities than currently developed parcels along secondary and tertiary roads. For instance, the twelve acres south of Moorpark Marketplace may provide an opportunity for new retail development, particularly if a big box retailer opportunity presents itself in the future. Given the current vacancy rates, long- term demand and potential new development opportunities, the City could consider rezoning between 20 and 30 acres of commercial to alternative uses (up to 40 acres may make sense if the City rezones a significant share of this land to mixed-use). At a typical floor area ratio (building area divided by land area) of .25, this would equate to a potential loss of 218,000 to 327,000 square feet of existing or future commercial. Opportunities for this conversion could include retail sites along Spring Road, Moorpark Avenue, commercial centers north of Highway 118 (e.g. Varsity Square Plaza) and mid-block locations along 4 This is particularly true for apparel stores, as the ten-mile market area shows a significant surplus of these sales. 1604016.MOORKEE:emm 16037.001.001 83 100 To: David Bobardt, City of Moorpark Subject: City of Moorpark Market Opportunities August 26, 2016 Page 7 Los Angeles Avenue. For all of these locations, and particularly those along Los Angeles Avenue, the City should consider the potential for mixed use development. For instance, Mission Bell Plaza is a large commercial center with significant vacancies, by allowing residential development on the Site, the possibility may exist for an attractive redesign of the property that incorporates modern commercial development and residential. 11. If the City does proceed to re-entitle commercial property, it should capture a share of the value enhancements (value capture) in the form of community benefits. By changing the zoning of selected commercial properties, the City will likely increase their underlying land values. The City can capture a share of this value by requesting the developer provide community benefits (e.g. parking, site improvements, affordable housing, open space, etc.) 12. It will be very difficult for the City to compete for large-scale national tenants given its small population base and strong competition in the cities of Simi Valley and Thousand Oaks. Understanding this, the City should consider focusing on local and regional commercial tenants, as there is still demand for certain types of uses (e.g. apparel store.sand food service). 13. Given the lack of private investment in High Street over the past thirty years, the City could consider exploring methods for stimulating healthy commercial along this corridor, as this area could provide an opportunity for local and regional commercial tenants. Some potential methods to activate the area include: a. Institutional investment -For instance, a new public library can serve as a daytime focal point in a historic core/downtown, as has been done with the new post office, fire station and renovated High Street Arts Center. b. Entertainment anchor - A live action theater or art house cinema can draw patrons to the area in the evening and on weekends. c. Transit oriented development -The possibility exists for a small amount of service development adjacent to the Metrolink Station. Further, residential transit oriented development is becoming very popular in Southern California. d. Municipal programs -Business improvement district formation, development standards that take into consideration remaining development potential (e.g. reduced parking requirements near the transit 1604016.MOOR.KEE:emrn 16037.001.001 84 101 To: David Bobardt, City of Moorparl< Subject: City of Moorparl< Marl<et Opportunities August 26, 2016 Page8 station), tenant improvement loan programs and fa~de improvement programs can be utilized to maintain and update the area. e. Marketing and activities -Activating the area with events such as a farmer's marl<et, car show or other thematic activity can introduce patrons to the area. In addition, way-finding and promotional activities can highlight the area. 14. Given current space allocation trends, high vacancy rates in the market area, a low population density and a limited employment base in the City, new office development in the City will likely be limited to institutional uses and/or smaller professional finns. The tenants of this space will appreciate the appeal of Moorparl< and the surrounding environs. The smaller professional finns will also look for space in commercial centers. 15. The market opportunities for office, industrial and hotels in Moorpark will be strongly influenced by competitive sites in Simi Valley and Thousand Oaks. 16. According to the ICSC, office/business parl< worl<e.rs spending accounts for less than 2% of national retail sales. The City currently has 11,800 employees, assuming national trends, approximately 20% of these employees are office related (2,400 employees). The expenditures of these employees likely range from $1 O million to $15 million annually. Given the magnitude of these expenditures, most retailers rely on marl<et area residents for long-term success, with daytime employment providing an assist towards profitability. 17. Larger scale office demand is likely to be driven by factors outside of normal market conditions (employment growth), as companies will sometimes choose locations based on business decisions (e.g. proximity to decision makers' residences) and not marl<et factors. Further, companies currently in the City may require additional space as their business improves. 18. Demand factors are strong for industrial land uses, particularly for sites offering easy freeway access and adjacency. 19. The successful development of large scale employment generating projects (e.g. the 594,000 square foot motion picture studio project on Los Angeles Avenue) can benefit local retailers as employees will make expenditures near work. However, success for the vast majority of retailers relies on demand from the local population base with daytime employment providing an assist towards 1604016.MOOR.KEE:emm 16037 001 001 85 102 To: David Bobardt, City of Moorpark Subject: City of Moorpark Market Opportunities August 26, 2016 Page 9 profitability. Employment generated by these large projects could have a healthy impact on hotel room demand in the City. 20. Given the modest average daily rate (ADR) in the Simi Valley/Moorpark market area, hotel demand from leisure, corporate and event attendees is likely to continue being focused on select service and/or extended stay hotels. Ultimately, the modest RevPAR (Revenue per Available Room) may make it challenging for a hotel to be financially feasible, even though it has market feasibility. If hotel ADRs do continue to climb, freeway adjacent parcels would be the preferred location for this type of hotel. For instance, the site currently leased by The Home Depot south of the Moorpark Marketplace may provide an opportunity for this type of use. SOCIO-ECONOMIC CHARACTERISTICS The socio-economic characteristics of the market area, City and County are shown in Tables 1 -4. The market area and City boundaries are shown in Figure 1. The key variables for the market area are summarized below: 1. The market area is characterized by relatively low population densities, when compared to Los Angeles County (2, 100 persons per square mile) and Orange County (3,200 persons per square mile). 5 Population Density (People/Square Mile) 3-Mile Ring 1,370 5-Mile Ring 1,020 10-Mile Ring 1, 150 Moorpark 2,870 Ventura County 460 2. The market area population is comprised of slightly larger households. 3. The median household income level in the City and market area is relatively very high. 5 The market area is defined from the intersection of Moorpark Avenue at Los Angeles Avenue. 1604015.MOOR.KEE:emm 16037_001_001 86 103 To: David Bobardt, City of Moorpark Subject: City of Moorpark Market Opportunities August 26, 2016 Page 10 Median Household Income 3-M ile R ing 5-M ile R ing 10-Mile Ring Moorpark Ventura County $97,800 $96,800 $89 ,200 $95 ,900 $73 ,000 4 . Within the market area and C ity, over 23 % of the households earn incomes over $150,000 , which is much higher than the County . Household Income Distribution Under $25 ,000 $25,000 to $49,999 $50,000 to $99,999 $100,000 to $150,000+ 511 3 Mile Ring •S M ile Ring 01 0 Mile Ri ng D Moorpari( 11Ventura County J 5. The age distribution in the market area and City are consistent with the County. The median age in the City is 36 years , which is slightly lower than the County average of 37 years 6 . Market area and City residents are higher educated than the County , with over 37% having graduated from college compared to 31 % in the County. 7 . Growth projections for the market area are moderate and should be consistent with the County through 2019. 3-Mile Ring 5-Mile Ring 10-Mile R ing Moorpark Ventura Count y Household Growth Projections Change 2015 2020 Total Percent 11,814 12,300 26,451 27,449 123,788 128,658 10,836 11 ,292 275,297 285 ,729 486 998 4 ,870 456 10,432 4 .1% 3.8% 3.9% 4 .2% 3.8% 160401 6.MOOR.KE E.emm • 16037.001 00 1 8 7 104 To: Subject: David Bobardt, City of Moorpark City of Moorpark Market Opportunities August 26, 2016 Page 11 8. Growth projections for the City indicate a total of 8,200 persons through 2040, which equates to a .8% compound annual growth rate (CAAG). This is slightly higher than the County average of .5%. SCAG Population Projections 2012-20406 Compound Annual Growth Gross Camarillo Ctty 0.7% 13,600 Fillmore Ctty 0.5% 3,000 Moorpark City 0.8% 8,200 Ojai Ctty 0.4% 900 Oxnard Ctty 0.6% 37,200 Port Hueneme Ctty 0.1% 600 San Buenaventura City 0.6% 18,600 Santa Paula Ctty 1.0% 9,800 Simi Valley Ctty 0.5% 17,300 Thousand Oaks Ctty 0.1% 3,900 Unincorporated 0.6% 16;900 Ventura County 0.5% 130,000 The socio-economic makeup of the market area will have an impact on retail opportunities. In particular, retailers focus on population density, income levels and education levels. The market area population is not very large; however, both the income !eve.ls and education levels are much higher than the County average. The higher income and education levels are very attractive to retailers; however, the low number of households will limit opportunities. EMPLOYMENT AND BUSINESSES Tables 5 - 7 show the employment and business mix for the market area and County. 1. As shown in Tabl.e 5, employment in Ventura County increased at a steady rate after the 2011 (post-recession). 2. Within the City, there is a concentration of employment and businesses in the following industries (Tables 6 and 7): a. Construction b. Manufacturing 6 Source: Southern California Association of Governments (SCAG) and KMA 1604016.MOQR_KEE:elTITl 16037.001.001 88 105 To: David Bobardt, City of Moorpark Subject: City of Moorpark Market Opportunities c. Wholesale trade d. Administrative/support services e. Educational services f. Finance and insurance (employment only) August 26, 2016 Page 12 The concentration of Finance and Insurance employment is good for office demand; however, there are actually fewer businesses. In addition, there is a smaller share of Real Estate and Professional businesses in the City, which are both office users. COMMERCIAL INVENTORY Working with maps provided by the City, KMA prepared an inventory study of the commercially zoned space in Moorpark, which is shown in Figure 1. The results summarized below are estimates of square footage based on an interpretation of satellite imagery via geographic information systems (GIS) software. The results of this analysis were then reviewed through site visits to verify current conditions. 7 1. As shown in Figure 2 and summarized below, the City has approximately 1.8 million square feet of commercial space. Approximately 16% of the total space is vacant, 283,000 square feet. City Commercial Space Occupied Commercial Space Vacant Commercial Space Commercial Space Total Total 1,498,600 282.900 1,780,500 Share 84.0% 16.0% 100.0% 2. As shown in Figure 3 and summarized below, over one-third of the commercial building space in the City is either vacant or occupied by institutional, service or non-retail users. At this level, these tenants/vacancies account for a significant share of the citywide total. Home furnishings, appliance and building materials stores account for the greatest share of the retailers (11.2%), followed by food service and drinking places (10.7%) and miscellaneous store retailers (e.g. florists, sporting good, hobby stores, etc.) at 10.3%. 7 As such, these results reflect an orde! of magnitude estimate for the building square footage. 1604016.MOOR.KEE.emm 16037.001.001 89 106 To: Subject: David Bobardt, City of Moorpark City of Moorpark Market Opportunities August 26, 2016 Page 13 Distribution of Commercial Space by Type of Establishment Establishment Type Total Share Home Furnishings, Appliances & Building Materials 199,600 11.2% Food Service & Drinking Places 191,400 10.7% Miscellaneous Store Retailers 184,000 10.3% Food & Beverage Store 163,100 9.2% General Merchandise 152,900 8.6% Clothing & Clothing Accessories Stores 144,700 8.1% Motor Vehicle & Parts Dealers 133,900 7.5% Gasoline Station 13, 100 0.7% Non-Retail/Institution/Service/Other 315,000 17.7% Vacant 282 900 15.9% Total 1,780,500 100.0% 3. Shown in Figure 4 and summarized below is the scope of the major commercial centers in the City. A brief description of the centers exceeding 50,000 square feet follows.• Distribution of Commercial Space by Major Center Establishment Type Total Share Moorpark Marketplace 337,800 19.0% Mission Bell Plaza 240,600 13.5% Moorpark Town Center 139,200 7.8% The Village @ Moorpark 128,700 7.2% Vons Center 106,700 6.0% Moorpark Plaza Shopping Center 78,800 4.4% Tuscany Square Shopping Center 73,800 4.1% High Street Corridor 64,200 3.6% Moorpark Campus Plaza 50,200 2.8% LA Spring Shopping Center 35,200 2.0% Village Retail Shop.ping Center 31,800 1.8% Gateway Plaza 28,200 1.6% Varsijy Park Plaza 21,800 1.2% Miscellaneous Retail 9 443 500 24.9% Total 1,780,500 100.0% a. Moorpark Marketplace -Located on Los Angeles and State Route 23, this is the largest center in the City with nearly 340,000 square feet of 8 The building area of some centers is owned by multiple enttties; consequently, the square footage estimates may not correspond directly to published sources. 9 Includes the War_ehouse Discount Center, which is approximately one-quarter of this space. 1604016.MOOR.KEE·emm 16037.CX>1.001 90 107 To: David Bobardt, City of Moorpark. Subject: City of Moorpark. Mark.et Opportunities August 26, 2016 Page 14 leasable area. This high quality, community retail center with limited vacancies is anchored by Target, Kohl's and T J Maxx. b. Mission Bell Plaza -Located at the intersection of Park Lane and Los Angeles Avenue, this moderate quality, neighborhood retail center has significant vacancies accounting for over 50% of the rentable area. c. Moorpark. Town Center -Located on Los Angeles at Moorpark Avenue, this is a large, moderate quality, neighborhood center, anchored by Ralph's, CVS and Goodwill. The center has a modest vacancy rate, wi_th approximately 25% of the space occupied by non-retail (realty firm, bank, etc.) and service (urgent care, wellness center, optometry, etc.) tenants. d. The Village @ Moorpark. -This newer, neighborhood center is located at the intersection of Miller Parkway and Los Angeles. While the center is in good condition, it has significant vacancies, which exceed one-third of its 129,000 square feet. In addition, Dick's Sporting Goods indicates it will be leaving the center in 2017. e. Vons Center -Located at the intersection of Tierra Rejada and Mountain Trail, this is a small scale neighborhood shopping center. While the center is anchored by Vons, over one-third of the tenants are non-retail, institutional or service establishments. f. Moorpark Plaza Shopping Center -This moderate quality strip center is occupied by a number of services (e.g. dentistry, orthodontists), Wood Ranch BBQ & Grill and other food service establishments. g. Tuscany Square Shopping Center -This newer, neighborhood center is located at the intersection of Moorpark. Avenue and Los Angeles Avenue. The center has approximately 74,000 square feet and is currently anchored by Walgreen's. The center is approximately one third vacant, with the largest space previously occupied by Fresh & Easy. h. High Street 10-Approximately 64,000 square feet of eclectic, older commercial space is located along and adjacent to High Street in downtown Moorpark. The commercial has moderate vacancies, with approximately one-quarter of the space occupied by non-retail or service related users. 10 Area bounded by High Street, Moorpark Avenue, Charles Street and Spring Road. 1604016 MOOR.KEE:emm 16037.001.001 91 108 To: David Bobardt, City of Moorpar1< Subject: City of Moorpar1< Mar1<et Opportunities August 26, 2016 Page 15 i. Moorpar1< Campus Plaza -Located near the Community College, this moderate quality, unanchored strip center is occupied by a number of office and food service establishments. Immediately adjacent to the center is a gas station and McDonald's. The center has relatively high vacancies. 4. Figure 5 shows the office related space in the City; however. there are limited to no Class A office buildings. Instead, the majority of office space users are located in business park/campus developments along Princeton Avenue and Los Angeles Avenue. Sample tenant types include aerospace firms, electronics manufacturers, real estate services, lenders and software companies. Within the City, there is not a significant concentration of typical office using industries such as real estate, professional services, and information firms. In addition, small professional offices are located throughout the City's commercial centers. Office vacancy rates in the mar1<et area exceed 20%. Some key findings of the inventory study include: • Approximately 16% of the commercial space in the City is vacant. • Many centers are relying on non-retail, institutional and service related tenants to fill a healthy share of their space. • Centers that have good locations and are in good condition still have high vacancies. • Anchor spaces in some centers are vacant. • Office development in the City is limited to campus/business par1< developments. RETAIL OVERVIEW The information compiled for the retail overview can be summarized as follows: 1. As shown in Table 8, the per capita retail sales are lower in the City ($7,600) than the County ($10,900) and the State ($10,600). In particular, citywide sales are particularly weak for: a. Motor vehicles b. Building materials c. Clothing stores 1604016.MOOR.KEE-emm 16037.001,001 92 109 To: Subject: David Bobardt, City of Moorpark City of Moorpark Market Opportunities August 26, 2016 Page 16 2. As shown in Table 9, the average sales per establishment is lower in the City when compared to the County and State averages. 3. Tables 10 and 11 summarize the current and projected retail surplus and leakage for the City of Moorpark. As shown in the Table 11 , the City could support approximately 220,000 square feet currently and 491,000 square feet through 2035. However, it is important to note a number of factors that influence these projections: a. This demand would need to fill existing retail prior to new development occurring. Typically, vacancy rates would need to be approximately 5 % for interest in new development to occur. b . E-commerce will have a growing impact on retail sales in Moorpark and the nation. In recent years, e-commerce sales have risen nationally at a rate substantially faster than shopping center sales. According to the U.S. Census Bureau, during the fourth quarter of 2015, e-commerce sales in the U.S. totaled $89.5 billion, or 7.5% of total U .S. retail sales. This represented an extremely robust 15.1 % year-over-year growth in e- commerce sales, as compared to a nominal 1.4% increase in total retail sales during the same time period. According to the Emerging Trends in Real Estate, "shopping online will make retail space dwindle" as many retailers are reduced space and are expanding their on-line offerings. 11 Further, the Urban Land Institute and International Council of Shopping Centers indicate the same, with traditional retailers expanding and focusing on their on-line potential. According to the USAA Real Estate Company's E-commerce: Implications for Retail Real Estate, on-line retail sales will account for 30% of total retail sales by 2030. To reflect this change in the long-term projections, KMA assumed the share of on- line retail demand for the non-food establishment types would increase 5 .0% annually, to approximately 20% of sales.12 c. The real estate needs of tenant types vary significantly. For instance, many general merchandise and building improvement stores are approximately 100,000 square feet (e .g. Target, Costco, Nordstrom's, The Home Depot, etc.), so the demand shown ~ere is insufficient to support them. 11 Emerging Trends in Real Estate 2016 12 Forrester Research Inc. estimates on-line sales will increase 9.3% annually through 2020. 1604016.MOOR.KEE:emm 16037.001 .001 93 110 To: Subject: David Bobardt, City of Moorpark City of Moorpark Market Opportunities August 26, 2016 Page 17 d. Retail trade areas are not determined by City boundaries and are instead created by distance (miles or driving). As shown in Tables 12 and 13, the five-mile market area currently has a surplus of home furnishings & appliances, building materials & garden equipment stores and miscellaneous stores, which will limit opportunities for this type of space in the City. e. The projections assume the existing tenants in the City are operating at acceptable productivity levels; however, the sales per square foot for every establishment type in the City is lower than national averages. As such, existing retailers could potentially absorb a share of this demand. Projected Retail Demand Through 2035 13 Establishment Type Home Furnishings & Appliances Building Material & Garden Equipment Food & Beverage Stores Clothing & Clothing Accessories General Merchandise Stores Food Services & Drinking Places Other Retail Group Retail Stores Total Demand (SF) 25,100 72,600 86,300 101,200 48,100 74,500 47 ODO 454,800 4. In addition to the commercial supported by residents, KMA also evaluated the potential retail supported by office/business park workers. According to the International Council of Shopping Centers -Office-Worker Retail Spending in Digital Age, the spending of these workers accounts for less than 2% of national retail sales. Food service (restaurants and food stores) expenditures account for approximately 10% to 15% of worker spending; however, on-line sales (15%) and transportation related expenses (nearly 20%) account for the greatest share of these expenditures. 14 The balance of the retail expenditures (approximately 50% of the total) are spent in department stores, warehouse stores, drug stores, electronic stores, personal care stores and other establishment types. Assuming these workers account for 20% of the Moorpark work1orce, which is the national average, citywide employees would generate approximately $10 million to $15 million of retail sales annually. Given the magnitude of these expenditures, most 13 Source: SBE and KMA 14 Over 50% of workers do not make any expenditures near their place of work. 1604016 MOOR.KEE:emm 16037.001.001 94 111 To: Subject: David Bobardt, City of Moorpark City of Moorpark Market Opportunities August 26 , 2016 Page 18 retailers rely on market area residents for long-term success , with daytime employment providing an assist towards profitability. 5. As shown in Tables 12 and 13 , the 10-mile market area is leaking approximately 900,000 square feet of demand . Approximately 75% of this demand is generated by Food and Beverage and Health & Personal Care stores, which typically only have only a one-to two-mile trade area . Further the 10-mile market area shows a surplus of home furnishings & appliances , building materials & garden equipment stores and apparel stores . Market Area Retail Demand15 3 -M ile 5-M iles 10 -Miles Home Furnishings/Electronic/Appliances 0 0 0 Building Material, Garden Equip Stores 0 0 0 Food and Beverage Stores 123,269 307 ,846 494,741 Health and Perso nal C are Stores 47,578 119,6 19 204 ,3 11 Clothing and Clothin g Accessories Stores 78,597 190,674 0 Sporting Goods, Hobby, Book, M usic Stores 0 5,443 91 ,206 General Merchandise Stores 101 ,931 18,568 54 ,463 Miscellaneous Store Retailers 0 0 87 , 109 Foodservice and Drinking Places Q 118,2Q2 Q Total (Square Feet) 351,376 761 ,052 931,829 6 . As shown in Table 14, the current asking rents in the market area range from $11 .40 to $35.40 per square foot ($.95 to $2 .95 monthly), with an average of $17:00 per square foot ($1 .40 monthly). These rents are relatively low, as the average rent would not be able to support the cost of new reta il development. 7 . Working with the City and Hdl, KMA reviewed the productivity level of establishments in the City . The sales per square foot for the City's establishments were then compared to national averages. The review indicates that very few, if any, reta il establishments (e .g . apparel , general merchandise , miscellaneous stores , home furnish ings , etc.) in the City are outperforming national and/or regional averages , with many lower than typical. For restaurants . a handful of operators are generating very healthy sa les , w ith the majority of the establishments generating typical sales volumes. As a cross-check, KMA also estimated productivity levels using the State Board of Equalization sales by establishment type. Th is review corroborated the Hdl data, indicating low productivity levels for most establishment types . Overall , the low productivity levels indicate existing retailers could absorb a share of the estimated 455,000 1s Source: Claritas and KMA 1604016 MOOR.KE E:envn 16037.001.001 95 112 To: David Bobardt, City of Moorpark Subject: City of Moorpark Market Opportunities August 26, 2016 Page 19 square feet of long-term demand. Ultimately, this data indicates Moorpark residents are likely meeting their retail needs in other jurisdictions by shopping at preferred tenants and taking advantage of agglomeration principles. 8. KMA prepared a sensitivity test of the retail demand projections. The analysis considered both an increase in productivity by existing establishments and an increase in citywide households. Assuming existing retailers increase sales 15% by capturing more of resident expenditures, then citywide demand would be approximately 374,000 square feet over the next 20 years. Assuming, a 15% increase in citywide household formation over the next 20 years then the retail demand would total 589,000 square feet. 9. KMA also contacted a number of retail brokers that are active in the market area. The salient points from these conversations are provided below: a. Many of the brokers indicated there is too much retail development in the City. Further, the belief exists that some of this retail should be considered excess and converted to residential, which is in high demand. New residential development would benefit the remaining retail centers by increasing the number of households in the City (greater buying power). b. Overall vacancy rates in the City are believed to be very high, with estimates ranging from 10% to 20%. Vacancy rates in the more successful shopping centers, of which there is a limited number, are estimated to be 5% or less. c. Rents range considerably with much of the space ranging from $1.00 to $2.00 per square foot. d. There are limited opportunities for big box retailers because the population in the market area is so low. e. Demand may exist for entrepreneurial retail (e.g. "m.om and pop") stores. f. Opportunities and demand are very limited for the Old To\Yn/High Street area, as retailers would prefer a location on Los Angeles Avenue. 10. According to City Staff, the City lost Km~rt, SavOn, Linens N Things, Staples, Big Lots, Do It Center, Fresh n Easy, Albertson's and Radio Shack since 2002. In addition, Dick's Sporting Goods is planning on leaving the City in 2017. Reasons for these departures vary, including: bankruptcies, corporate retrenchment and/or 1604016.MOOR.KEE·emm 16037.001.001 96 113 To: David Bobardt, City of Moorpark Subject: City of Moorpark Market Opportunities August 26, 2016 Page 20 poor performance of the Moorpark establishment. These retailers occupied a significant amount of commercial space, which has been difficult for brokers to fill given the previously discussed reasons. Based the preceding research, the implications for the key establishment types are summarized below: 1. Home Furnishings and Appliances -The City is projected to support a minimal amount of home furnishings. home goods, appliances and electronic stores (25,000 square feet) through 2035. In addition. the larger market area currently shows a surplus of sales. Given these factors. limited opportunities for this type of retail likely exist in the near-to mid-term. 2. Building Materials and Garden Equipment -The City is projected to support approximately 73,000 square feet of this type of retail through 2035. However, the market area currently shows a surplus of this type of retail. This would indicate Moorpark residents are meeting their shopping needs outside of the City boundaries. Given the existing market area competition, opportunities for this type of retail may exist in the near-to mid-term for smaller establishments (e.g. Orchard Supply Hardware. Ace Hardware, etc.). Larger format home improvement stores like Home Depot and Lowe's are typically around 100,000 square feet. Demand from City residents would not reach this threshold during the projection period. 3. Food and Beverage Stores -The City is projected to support approximately 86,000 square feet of this type of retail through 2035. While the market area for these retailers is typically smaller (one to two miles), there is also demand in the greater market area. Current demand in the City is only 32,000 square feet, which is lower than the typical store format size for many food stores (approximately 40.000 square feet); however. sufficient demand may exist for a food store in the near-to mid-term. Given the high income and education levels of City residents, potential tenants could include Pavilions, Whole Foods. Sproul's, BevMo, Total Wine and other similar establishments; however, the low population base may cause these retailers to select sites in nearby cities. 4. Apparel Stores -The City is projected to support approximately 101,000 square feet of this type of retail through 2035. In addition, there is demand in the immediate market. However. the larger ten-mile market area shows a surplus of this type of retail, as many apparel stores are located in The Oaks and The Simi Valley Town Center. This level of supply in the market area will likely limit apparel opportunities in Moorpark to local serving establishments. These 1604016.MOORKEE:ermi 1.6037.001.001 97 114 To: David Bobardt, City of Moorpark Subject: City of Moorpark Market Opportunities August 26, 2016 Page 21 establishments would likely include locally owned boutiques. These establishments are likely to be smaller in nature and could fill a modest amount of in-line space in existing shopping centers and/or be potentially viable along High Street. However, there are many challenges for small boutique businesses, so long-term success is not guaranteed for many of these establishments. Ross Dress for Less and Marshall's have outlets in nearby cities, so potential may exist for these retailers. These retailers are similar to T J Maxx, which is already in the City, and would require approximately 25,000 to 30,000 square feet of space. These retailers may be a viable alternative for currently vacant buildings along Los Angeles Avenue. 5. General Merchandise Stores -The City is projected to support approximately 48,000 square feet of this type of retail through 2035. The three-mile market area currently shows a significant amount of leakage for this type of retail; however, the larger market area shows only moderate leakage. General merchandise stores include warehouse stores (e.g. Costco and Sam's Club), general retailers (e.g. Wal-Mart, Target and g0 Cents Only Stores) and department stores (e.g. Macy's and JCPenney). Many of these stores are large format and typically e.xceed 100,000 square feet, which is greater than the future and regional market area demand. In addition, the department stores typically agglomerate in regional and lifestyle retail centers. Given the existing market area competition, limited opportunities for this type of retail may exist in the near- to mid-term for smaller establishments (e.g. 99 Cents Only Stores, Wal-Mart Neighborhood Market, etc.). Demand from City residents is unlikely to meet the threshold for large format stores during the projection period. 6. Food Service and Drinking Places -The City is projected to support a healthy amount of this retail through (75,000 square feet) through 2035. In addition, office/business park employees spend approximately $3.0 million annually on food, providing additional support to the local restaurant industry. The market area shows fluctuating demand depending on the trade area; however, the trade area for many food service and drinking spaces is typically less than three miles. Food service tenants are typically smaller in nature, occupying in-line retail spaces and pad sites. As such, this potential would be well suited for opportunities in existing centers or along High Street in the near-to mid-term. Further, these tenants can be good tenants for mixed-use, commercial/residential developments. 7. Other Retail Group -This group includes small retailers such as books stores, hobby stores, florists and other similar retailers. The City is projected to support a reasonable amount of this retail through (47,000 square feet) through 2035. 1604016.MOOR.KEE:emm 16037.001.001 98 115 To: David Bobardt, City of Moorpark Subject: City of Moorpark Market Opportunities August 26, 2016 Page 22 However, the three-and five-mile market areas show a surplus of these types of stores. Given the current market area surplus, demand for this space is likely to be limited in the near-to mid-term. Similar to food-services, these tenants are typically smaller in nature, occupying in-line retail spaces. As such, the mid-to long-term potential for this space would be well suited for opportunities in existing centers or along High Street. Further, these tenants can be good tenants for mixed-use, commercial/residential developments. Brokers active in the City indicate an excess of co.mmercial space in the community. The current vacancy rates, rental rates and productivity levels further substantiate the belief that the City's re.tail market is soft. The current surplus/leakage analysis indicates support for 220,000 square feet of retail. However, the distribution of demand across establishment types makes it insufficient to support many tenant types. In addition, the five-mile market area is already absorbing much of this demand, particularly for home furnishings/electronic/appliance stores, building materials stores, sporting goods/hobby stores, general merchandise and miscellaneous retailers. When the market area capture of these tenant types is considered, the potential demand is only 140,000 square feet. Based on current projections, citywide retail demand through 2035 totals 455,000 square feet; however, much of this demand is currently being absorbed in the market area due to agglomeration principles and stronger locations. In fact, the current surplus of sales in the five-mile market area for home furnishings & appliance stores, building materials stores and other/miscellaneous retail is greater than the demand projected for the City through 2035. When the productivity level of the market area establishments is considered, the supported retail is only 310,000 square feet. Assuming the City captures a share of this demand consistent with current levels, then the potential supported development is approximately 200,000 square tee!. Assuming the range of retail demand estimated in the sensitivity test (374,000 to 589,000 square feet), the supported retail would be 165,000 to 275,000 square feet. 16 The limited demand and current vacancies of 283,000 square feet, corroborate the broker comments about an excess of retail space in the City. As such, the City may consider the potential conversion of commercial in less desirable areas. This would promote a healthier retail environment in those areas that are more successful. Specifically, if the City were to promote the conversion of lesser performing commercial 16 This is particularly true for a·pparel stores, as the ten-mile market area shows a significant surplus of these sales. 1604016.MOO~.KEE:emm 16037.001.001 99 116 To: Subject: David Bobardt, City of Moorpark City of Moorpark Market Opportunities August 26, 2016 Page 23 centers to residential and/or mixed use, this would increase the buying power of the market and benefit retailers. OFFICE OVERVIEW The information compiled for the office overview can be summarized as follows: 1. As shown in Table 15, office vacancy rates are approximately 14.4% in Ventura County. Over the past year, there has been limited new construction and only modest absorption. Within the Simi Valley/Moorpark market area, the vacancy rate is 20.3% and rents are $1.82 per square foot compared to the County average of $1.97 per square foot. 2. As shown in Table 16, rents in the City range from $. 75 to $2.85 per square foot. The weighted average is $2.11 per square foot. These rents are higher than the market area average. 3. Table 17 shows office demand projections for a five-mile market area, which indicates support for 325,000 square feet of office through 2035 (20 years) based on employment growth. This support would include filling existing, proposed and future office developments. Cumulative Office Demand Cumulative Office Demand (Square Feet) 2015-2020 71,200 2015-2025 2015-2030 148,700 233, 100 2015-2035 325,200 Overall, th.e office market is still recovering from the recession, as vacancy rates and rents are moving off their 2010-2012 levels and absorption is still relatively slow; therefore, limited office development has occurred in Ventura County over the past year. Further, it should be noted that the current plans for many businesses is to reduce the amount of office space required per employee. When designing buildings, architects historically es.timated up to 250 square feet of space per employee; however, many are now using the 200 square feet per employee assumed herein and some design firms are going as low as 175 square feet per employee. These changes reflect the continuing evolution of technology and its ability to free employees from a desk by working off-site, working at home and/or hoteling. Given these factors, the higher vacancy rates in the market area and the small population and employment base in the City, market opportunities are anticipated to be limited in the near-to mid-term to smaller professional space or institutional development. Larger scale office demand is likely to be driven by factors outside of normal market conditions (employment growth), as companies will 1604016.MOOR.KEE:emm 16037.001.001 100 117 To: Subject: Qavid Bobardt, City of Moorpark City of Moorpark Market Opportunities August 26, 2016 Page 24 sometimes choos.e locations based on business decisions (e.g. proximity to decision makers' residences) and not market factors. Additional demand may also result from the expansion of a specific business that exceeds the anticipated growth within its industry. INDUSTRIAL OVERVIEW The information compiled for the industrial overview can be summarized as follows: 1. As shown in Table 18, industrial vacancy rates are approximately 5.6% in Ventura County. Over the past year, there has been limited new construction; however. absorption has been very healthy. Within the Simi Valley/Moorpark market area, the vacancy rate is 5.3% and the area accounts for 50% of the countywide absorptions. Market area rents are $.60 per square foot compared to the County average of $.65 per square foot. 2. As shown in Table 19, rents in the City range from $.40 to $1.00 per square foot. The weighted average is $.41 per square foot. These rents are lower than the market area average. The Southern California industrial market is very healthy. Within Ventura County, the market is strong, with an average vacancy rate 5.6% and high absorption levels. In particular, the local market area is very healthy with vacancy rates that are lower than the County (5.3%) and strong absorption (377,000 square feet). which account for 50% of the County total. Given these factors, market demand is likely to be strong in the near-to mid-term, particularly for logistics related industrial development. However, industrial development is unlikely to have a significant impact on the success of the City's retailers, as the typical employee to space ratio in these buildings ranges from 1,000 to 2,000 square feet per employee. LODGING OVERVIEW The lodging market conditions are summarized below. The analysis herein relies on data provided by PKF Consulting, which is a leading hotel market data firm. Moorpark is included in their Simi Valley market area; however, the City is also located near Thousand Oaks. This is an important point of distinction, as the Thousand Oaks/Agoura Hills hotels generate much higher Average Daily Rates (ADR) and occupancy levels than Simi Valley, due to its location on U.S. Route 101 and prevalence of high tech and biotech companies, which are significant demand stimulators. For the purposes of this study, KMA has shown the lodging performance factors for the Simi Valley market area, with the Thousand Oaks and Camarillo market areas provided for context. 1604016.MOOR.KEE:emm 16037.001.001 101 118 To: Subject: David Bobardt, City of Moorpark City of Moorpark Market Opportunities August 26, 2016 Page 25 1. As shown in Table 20, the hotel market has steadily improved since 2010 throughout Ventura County. This improvement is consistent with patterns in California and across the country. Historic occupancy rates for the Simi Valley, Thousand Oaks/Agoura Hills and Camarillo market areas have trended above than the County average, with the Simi Valley market area projected to achieve a 76.7% occupancy level in 2016. Projected Average Occupancy -201617 Simi Valley Market Area Camarillo Market Area Thousand Oaks Market Area Ventura County 76.7% 75.2% 78.8% 74.5% 2. As shown in Table 21, the ADR for Simi Valley and Camarillo market areas are lower than the County average; however, Thousand Oaks/Agoura HiUs is significantly higher: Projected Average Daily Rate -20169 Simi Valley Market Area Camarillo Market Area Thousand Oaks Market Area Ventura County $108.68 $114.55 $164.14 $124.52 3. As shown in Table 22, the lower ADR results in a relatively low Revenue per Available Room (RevPAR -ADR *Occupancy) for Simi Valley and Camarillo when compared to Thousand Oaks/Agoura Hills and the County. Projected RevPAR -20169 Simi Valley Market Area Camarillo Market Area Thousand Oaks Market Area Ventura County $83.36 $86.14 $129.34 $92.77 4. As shown in Table 23, the compound annual change in demand for the regional markets and the County. As summarized below, demand increased at a much 17 Source: _PKF 2016 Southern California Lodging Forecast 1604016.MOOR.KEE:emm 16037.001 001 102 119 To: Subject: David Bobardt, City of Moorpark City of Moorpark Market Opportunities August 26, 2016 Page 26 faster rate in the Camarillo and Thousand Oaks/Agoura Hills market area.s when compared to the Simi Valley market area. Demand Change - (CAAG) 2010-2016 Simi Valley Market Area Camarillo Market Area Thousand Oaks Market Area Ventura County 1.80% 3.29% 2.97% 2.38% 5. Given the hotel market conditions, KMA estimated hotel demand in the Simi Valley market area over the next 20 years. The analysis is summarized in Table 24, which shows potential demand for 356 to 556 hotel rooms in the market area during this period. The Simi Valley market area has not seen an increa.se in the number of hotel rooms over the past five years. However, a new Hampton Inn & Suites is planned for Simi Valley on the 2500 block of Cochran Street and a 108-room Fairfield Hotel is planned for Moorpark.18 Further, the lodging performance of the Thousand Oaks/Agoura Hills market area shows very healthy demand and rates. The demand analysis indicates a healthy amount of hotel potential over the next 20 years. For this reason, the two new hotel projects are currently being considered in the market area. If these projects proceed, they will account for a healthy share of the local near to mid-term demand. However, the healthy demand and rates in the Thousand Oaks/Agoura Hills market area may provide additional opportunities for Moorpark. It is important to note, that the ADR and occupancy levels in the Simi Valley market area modest. Therefore, even if a hotel has market feasibility, it may be difficult to achieve financial feasibility because the RevPAR is unable to support acquisition and construction costs. BUILDING AND LAND COMPS Over the past two years relatively few commercial land and building sales have occurred in the City. 1. As shown in Table 25, the average price for retail buildings was $240 per square foot, with an imputed land value of $25 per square foot. These transactions include the sales of Mission Bell Plaza and Moorpark Town Center. 18 Source: PKF Southern California Lodging Forecast 1604016.MOORKEE:emm 16037.001.001 103 120 To: David Bobardt, City of Moorpark Subject: City of Moorpark Market Opportunities August 26, 2016 Page 27 2. As shown in Table 26, only one office building sale occurred during this period. The small, 2,000 square foot building sold for $350 per square foot. 3. As shown i.n Table 27, five industrial buildings sold during this period for an average price per square foot of $140 and an imputed land value of $50 per square foot. 4. As shown in Table 28, only one commercial land sale occurred during this period. The 62,300 square foot site on Los Angeles Avenue sold for $1.6 million, $26 per square foot. There are improvements on this property, but the value was based unimproved land due to the obsolescence of the structures. 1604016.MOOR KEE:emm 16037.001.001 104 121 To: David Bobardt. City of Moorpark Subject: City of Moorpark Market Opportunities LIMITING CONDITIONS August 26, 2016 Page 28 1. The analysis contained in this document is based, in part, on data from secondary sources such as state and local government, planning agencies, real estate brokers, and other third parties. While KMA believes that these sources are reliable, we cannot guarantee their accuracy. 2. The analysis assumes that neither the local nor national economy will experience a major recession. If an unforeseen change occurs in the economy, the conclusions contained herein may no longer be valid. 3. The findings are based on economic rather than political consideration_s. Therefore, they should be construed neith_er as a representation nor opinion that government approvals for development can be secured. 4. Market feasibility is not equivalent to financial feasibility; other factors apart from the level of demand for a land use are of crucial importance in determining feasibility. These factors include the cost of acquiring sites, relocation burdens, traffic impacts, remediation of toxics (if any), and mitigation measures required through the approval process. 5. Development opportunities are assumed to be achievable during the specified time frame. A change in development schedule requires that the conclusions contained herein be reviewed for validity. 6. The analysis, opinions, recommendations and conclusions of this document are KMA's informed judgment based on market and economic conditions as of the date of this report. Due to the volatility of market conditions and complex dynamics influencing the economic conditions of the building and development industry, conclusions and recommended actions contained herein should not be relied upon as sole input for final business decisions regarding current and future ' development and planning. 1604016.MOOR KEE:ermi 16037.001.001 105 122 TABLE 1 2015 SOCIO-ECONOMIC CHARACTERISTICS MOORPARK MARKET OPPORTUNITlTES MOORPARK, CALIFORNIA Population 3 Mile Ring 5 Mile Ring 10 Mile Ring Moorpark Ventura County Households 3Mile Ring 5Mile Ring 10 Mile Ring Moorpark Ventura County 38,700 80,1 00 361 ,200 35 ,700 849,600 11 ,800 26,500 123,800 10,800 275,300 Average Parsons Par Hhold 3 Mile Ring 3.27 5 Mile Ring 2 .97 10 Mile Ring 2 .89 Moorpark 3 .30 Ventura County 3.05 Source: Claritas Population 500 ,000 ,...-------------------------~ 400,000 ---------------------------l 300,000 -+-------------------- 2 00,000 T-------------------- 100,000 T-------------------- 0 .)__j--L__~ _ _J 3 Mile Ring 5 Mile Ring 10 Mile Ring Households 150,000 -r---------------------------, 120,000 -------------------- 90,000 T-------------------- 60,000 +------------------- 30,000 +-----------o L_j _____ _ 3 Mile Ring 5 Mile Ring 10 Mile Ring Average Persons Per Household 4.00 -r------------------------------. 3 .00 2 .00 1.00 0.00 3 Mile Ring 5 Mlle Ring 10 Mile Ring Moorpark Ventura County Prepared by: Keys er Marston As sociates , Inc. Filename: Moorpark Market Tables-v4 : 1; 8/2512016 Page 1 of33 106 123 APPENDIX 1 -TABLE 1 (Continued) 2015 SOCIO-ECONOMIC CHARACTERISTICS MOORPARK MARKET OPPORTUNmTES MOORPARK, CALIFORNIA Average Household Income 3 Mile Ring $122 ,600 Average Household Income 5 Mile Ring $123,300 $150,000 ~--------------------------. 10 Mile Ring $115,100 Moorpark $117 ,600 Ventura County $96,700 Median Household Income $120,000 $90,000 $60,000 $30,000 $0 3 Mile Ring 5 Mile Ring 10 Mile Ring Moorpark Ventura County Median Household Income 3 Mile Ring $97 ,775 5 Mile Ring $96,821 $125,000 ~-------------------------, 10 Mile Ring $89,211 $100,000 $75,000 $50,000 $25,000 Moorpark $95 ,878 Ventura County $73 ,044 $0 Household Income Distribution 3 Mile Ring 5 Mile Ring 10 Mile Ring Moorpark Ventura County Under $25,000 !5,000 to $49,999 8.48% 12.15% 10.02 % 12.99% 11 .86% 15.24% 8.59 % 12.52% 15.27% 18.56% 3 Mile Ring 5 Mile Ring 10 Mile Ring $50,000 to $99,999 30.78% 28.80% 28.93% 31 .56% 31 .57% $100,000 to $149,999 23.38% 21 .66% 20.31% 23.98% 17.51% Household Income Distribution 10.00% 0 .00% Moorpark Ventura County $150,000+ 25.22% 26.54% 23.66% 23.35% 17.09% Under $25,000 $25,000 to $49 ,999 $50,000 to $99,999 $100 ,000 to $149,999 $150,000+ C1 3 Mile Ring •5 Mile Ring 010 Mile Ring 11Moorpark 11Ventura County Source: Claritas Prepared by: Keyser Marston Associates , Inc. Filename: Moorpark Market Tables-v4 ; 1: 8/25/2016 Page 2 of 33 107 124 APPENDIX 1-TABLE1 (Conti nued) 2015 SOCIO-ECONOMIC CHARACTERISTICS MOORPARK MARKET OPPORTUNmTES MOORPARK, CALIFORNIA Age Distribution Under 18 18 to 34 3 Mile R ing 24 .87% 23.77% 5 Mile Ring 22.62% 22 .84% 10 Mile Ring . 22.84% 21 .07% Moorpark 25.31% 24 .06% Ventura County 24.4 2% 23 .02% 35 to Sot 55 to 64 Over65 27.16% 14.14% 10.09% 26.39% 14.23% 13 .93% 27.35% 13.85% 14.89% 27.51% 13.61% 9 .50% 26.56% 12.57% 13 .42% Age Distribution 30.00% ~ 20.00'Mo I 11111 10.00'Mo 0.00% Under 18 18to~ 113 Mlle Ring •S Mile Ring Education Level of Residents Over 25 Years 3 Mile Ring 5 Mile Ring 10 Mile Ring Moorpark Ventura County No HS Degree HS Degree 11 .36% 16.60% 8.74% 15.93% 9.38% 16.71% 12.00% 16.96% 17.40% 18.39% 35 lo 54 D 10 Mile Ring SomeCoUege 33.05% 31 .84% 32 .81% 33.42% 32.78% SS to&! a Moorpark •Ventura County College Grad. 38.98% 43.50% 41 .1 0 % 37.62% 31 .43% Education Level of Residents Over 25 Years Over es 45.00% ~-~ 1::::1111111 m;-mrr11111111CD---1• 1111111 IJij No HS Degree HS Degree g3 Mile Ring •5 Mile Ring Source: Claritas Prepared by: Keyser Marston Associates, Inc. Filename: Moorpark Market Tables-v4; 1; 8125120 16 Some College Colleg e Grad. 010 Mlle Ring DMoorpark •Ventura County Page 3 of 33 108 125 APPENDIX 1 ·TABLE 1 (Continued) 2015 SOCIO-ECONOMIC CHARACTERISTICS MOORPARK MARKET OPPORTUNITITES MOORPARK CALIFORNIA Race Classification White Black 3 Mile Ring 75 .27% 1.52% 5 Mile Ring 78 .18% 1.56% 10 Mile Ring 74.n% 1.48% Moorpark 74.62% 1.54% Ventura County 67.20% 1.87% VVhite Black American Indian Asian and Pl Other 0.84% 6.78% 15 .58% 0.65% 7.15% 12 .45% 0.59% 8.94% 14.23% 0.86% 6 .85% 16.14% 1.02% 7.27% 22.63% Race Classlflcatlon CJ111t11 American Indian Asian and Pl Other Hispanic* 1!13 Mlle Ring •5 Mile Ring 010 Mile Ring aMoorpar1< a Ventura County Hispanic* 31.68% 24.63% 25.43% 33.16% 42.30% • Hispanic population percentage calculated separately from other races. In the 200 US Census, census takers were first asked to identify their race as 'Mlite, Black, Ameircan Indian, Asian, Pacific Islander, or Other; and then asked if they identify as Hispanic/Latino or Non- Hispanic/Latino . Source: Clantas Prepared by: Keyser Marston Associates, Inc. Filename: Moorpark Market Tables-v4; 1; 8/2512016 Page 4 of 33 109 126 TABLE 2 MARKET AREA POPULATION & HOUSEHOLD ESTIMATES MOORPARK MARKET OPPORTUNmTES MOORPARK, CALIFORNIA POPULATION 2015 3 Mile Ring 38,676 5 Mile Ring 80,069 10 Mile Ring 361, 190 Moorparl< 35,735 Ventura County 849,566 2015 3 Mile Ring 11,814 5 Mile Ring 26,451 10 Mile Ring 123,788 Moorparl< 10,836 Ventura County 275,297 Source: Claritas Prepared by: Keyser Marston Associates, Inc. Filename: Moorpark Market Tables-v4; 2; 812512016 Change 2020 Total Percent 40,176 1,500 3.9o/o 82,800 2,731 3.4% 374,768 13,578 3.Bo/o 37,168 1,433 4.0°/o 880,563 30,997 3.6°/o HOUSEHOLDS Change 2020 Total Percent 12,300 486 4.1°/o 27,449 998 ·3.8°/o 128,658 4,870 3.9°/o 11,292 456 4.2% 285,729 10,432 3.8% Page 5 of 33 110 127 TABLE 3 SCAG POPULATION, HOUSEHOLD & EMPLOYMENT PROJECTIONS MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA 2012 Camarillo city 66,300 Fillmore city 18,800 Moorpark city 34,800 Ojai city 7,500 Oxnard city 200, 100 Port Hueneme city 21,800 San Buenaventura 106,700 Santa Paula city 29,800 Simi Valley city 125,100 Thousand Oaks city 127,800 Unincorporated 96 700 Ventura County 835,400 Po ulation 2020 69,500 20,000 39,000 7,700 220,200 22,100 112,500 34,400 129,200 129,800 102 000 886,400 Households 2012 Camarillo city 24,800 Fillmore city 5,200 Moorpark city 10,600 Ojai city 3,100 Oxnard city 50,100 Port Hueneme city 7,100 San Buenaventura 40,700 Santa Paula city 8,500 Simi Valley city 41,300 Thousand Oaks city 45,900 Unincorporated 32100 Ventura County 269,400 2012 Camarillo city 35,800 Fillmore city 3,000 Moorpark city 11,300 Ojai city 5,100 Oxnard city 58,100 Port Hueneme city 6,400 San Buenaventura 60,700 Santa Paula city 7,800 Simi Valley city 44,000 Thousand Oaks city 68,200 Unincorporated 31 800 Ventura County 332,200 Source: SCAG Prepared by: Keyser Marston Associates, Inc. Filename: Moorpark Market Tables-v4; 3; 8/2512016 2020 26,000 5,700 12,000 3,200 55, 100 7,300 42,700 9,900 42,900 46,600 33 900 285,300 Em lo ant 2020 40,500 4,100 14,300 5,100 68,000 6,600 62,700 9,900 53,700 73,700 35 700 374,300 2040 79,900 21,800 43,000 8,400 237,300 22.400 125,300 39,600 142,400 131,700 113600 965,400 2040 30,200 6,300 13,100 3,300 60, 100 7,300 48,400 11,500 47,400 47,200 37 500 312,300 2040 47,300 5,300 16,600 5,300 79,200 6,700 66,000 11,700 61,100 81,900 ~ 419,800 Page 6 of 33 111 128 TABLE4 SCAG POPULATION, HOUSEHOLD & EMPLOYMENT PROJECTION CHANGES MOORPARK MARKET OPPORTUNITlTES MOORPARK, CALIFORNIA 2012-2020 Change £MQ 2C9!! CamariUo city 0.6% 3,200 Fillmore city 0.8% 1,200 Moorpark city 1.4% 4,200 Ojai city 0.3% 200 Oxnard city 1.2% 20.100 Port Hueneme city 0.2% 300 San Buenaventura 0.7% 5,800 Santa Paula city 1.8% 4,600 Simi Valley city 0.4% 4,100 Thousand Oaks city 0.2% 2,000 Unincorporated 0.7% 5,300 Ventura County 0.7% 51,000 2012-2020 Change CAAG Gross Camarillo city 0.6% 1,200 Fillmore city 1.2% 500 Moorpark city 1.6% 1,400 Ojai city 0.4% 100 Oxnard city 1.2% 5,00,0 Port Hueneme city 0.3% 200 San Buenaventura 0.6% 2,000 Santa Paula city 1.9% 1,400 Simi Valley city 0.5% 1,600 Thousand Oaks city 0.2% 700 Unincorporated 0.7% 1,800 Ventura County 0.7% 15,900 2012-2020 Change £Mli §!!!!! Cai:nariUo city 1.6% 4,700 Fillmore city 4.0% 1.100 Moorpark city 3.0% 3,000 Ojai city 0.0% 0 Oxnard city 2.0% 9,900 Port HUeneme city 0.4% 200 San Buenaventura 0.4% 2,000 Santa Paula city 3.0% 2,100 Simi Valley city 2.5% 9:100 Thousand Oaks city 1.0% 5,500 Unincorporated 1.5% 3,900 Verrtura County 1.5% 42.100 Source: SCAG. KMA Prepared by: Keyser Marston Associates, Inc. Filename: Moorpark Market Tables-v4; 4; 8/25/2016 Po ulation 2020-2040 CAAG Gross 0.7% 10,4()0 0.4% 1,800 0.5% 4,000 0.4% 700 0.4% 17,100 0.1% 300 0.5% 12.800 0.7% 5,200 0.5% 13,200 0.1% 1,900 0.5% 11.600 0.4% 79,000 Households 2020-2040 CAAG §!!!!! 0.8% 4,200 0.5% 600 0.4°.4 1,100 0.2% 100 0.4% 5,000 0.0% 0 0.6% 5,700 0.8% 1,600 0.5% 4,500 0.1% 600 0.5% 3,600 0.5% 27,000 Em lo mBnt 2020-2040 CAAG .!!!!!!! 0.8% 6,800 1.3% 1.200 0.7% 2,300 0.2% 200 0.8% 11.200 Q.1 Ofo 100 0.3% 3,300 0.8% 1,800 0.6% 7,400 0.5% 8,200 0.4% 3,000 0.6% 45,500 2012-2040 CAAG Gross 0.7% 13,600 0.5% 3,000 0.8% 8,200 0.4% 900 0.6% 37.200 0.1°..b 600 0.6% 18,600 1.0% 9,800 0.5% 17.300 0.1% 3,900 0.6% 16,900 0.5°/o 130,000 2012-2040 £MSl Gross 0.7% 5,400 0.7% 1,100 o.a•1a 2,500 0.2% 200 0.7% 10,000 0.1% 200 0.6% 7,700 1.1% 3,000 0.5% 6,100 0.1% 1,300 0.6% 5,400 0.5% 42,900 2012-2040 CAAG Gross 1.0% 11,500 2.1% 2,300 1.4% 5,300 0.1% 200 1.1% 21,100 0.2% 300 0.3% 5,300 1.5% 3,900 1.2% 17,100 0.7°,.b 13,700 0.7% 6,900 0.8% 87,600 Page 7 of 33 112 129 f-' f-' w TABLE 5 HISTORIC EMPLOYMENT FIGURES -VENTURA COUNTY MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA Labor Force Employment Total Change Total 1995 378,800 350,700 1996 376,600 (2,200) 349,400 1997 378,600 2,000 353,500 1998 385,700 7, 100 364,300 1999 ' 394,300 8,600 375,300 2000 393,000 (1,300) 375,200 2001 399,000 6,000 379,600 2002 406,100 7,100 382,800 2003 409,700 3,600 386,200 2004 412,300 2,600 390,300 2005 416,000 3,700 396,200 2006 419,600 3,600 401,500 2007 423,100 3,500 402,400 2008 428,800 5,700 401,800 2009 430,300 1,500 388,800 2010 430,400 100 383,800 2011 432,200 1,800 388,000 2012 435,900 3,700 396,200 2013 434,300 (1,600) 400,100 2014 431,500 (2,800) 402,700 Source: California Employment Development Department. KMA Prepared by: Keyser Marston Associates, Inc. Filename: Moorpark Market Tables-v4; 5; 8/25/2016 Change (1,300) 4,100 10,800 11,000 (100) 4,400 3,200 3,400 4,100 5,900 5,300 900 (600) (13,000) (5,000) 4,200 8,200 3,900 2,600 Unemployment Unemployment Rate Total Change Total Change 28, 100 7.420/o 27,200 (900) 7.22o/o -0.2o/o 25,100 (2,100) 6.63% -0.6o/o 21,400 (3,700) 5.55% -1.1% 19,000 (2,400) 4.82% -0. 7°/o 17,800 (1,200) 4.53% -0.3% 19,400 1,600 4.86°/o 0.3°/o 23,300 3,900 5.74°/o 0.9°/o 23,500 200 5.74°/o O.Oo/o 22,000 (1,500) 5.34°/o -0.4o/o 19,800 (2,200) 4.76o/o -0.6o/o 18,100 (1,700) 4.31o/o -0.4o/o 20,700 2,600 4.89% 0.6o/o 27,000 6,300 6.30% 1.4o/o 41,500 14,500 9.64% 3.3°/o 46,600 5,100 10.83% 1.2°/o 44,200 (2,400) 10.23% -0.6% 39,700 (4,500) 9.11°/o -1.1°/o 34,200 (5,500) 7.87°/o -1.2°/o 28,800 (5,400) 6.67°/o -1.2°/o Page 8 of 33 130 >-"' >-"' "" TABLE 6 MARKET AREA EMPLOYMENT & BUSINESSES MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA ' Bus. Agriculture 8 Mining 0 Utllltles 0 Construction 135 Manufacturing 61 Wholesale Trade 52 Transportation & Warehousing 16 lnfonnatlon 25 Real Estate/Rental/Leasing 49 Professlonal/Scl!Tech Services 103 Management of Companies 0 Administrative/Support Services 71 Educational Services 28 Healthcare & Social Assistance 109 Arts, Entertainment, Recreation 24 Retail Trade 152 Motor Vehicle & Parts Dealers 12 Furniture/Home Furnishings 9 Electronic/Appliance Stores 23 Building Material/Garden 24 Food & Beverage Stores 17 Heallth & Personal Care Stores 13 Gasoline Stations 5 Clothing & Accessories Stores 9 SporUHobby/Music/Book Stores 5 General Merchandise Stores 8 Miscellaneous Retail Stores 23 Nonstore Retailers 4 Finance & Insurance 69 Monetary Authorities 0 CrediUlntermediation Activities 26 Sec/Comm Contracts & Fin. Inv 12 Insurance Carriers 29 FundsfTrusts & Other Finance 2 Accomodatlon & Food Services 77 Accomodation 3 Food Services & Drinking Places 74 Other Services (Non Public Ad.) 114 Repair & Maintenance 40 Pesonal & Laundry Serv. 48 Religious/GranUCivic Org. 26 Public Administration 11 Total . 1.104 SO-UrCe: Claritas Prepared by: Keyser Marston Associates, Inc. Filename: Moorpark Market Tables-v4; 6; 8/25/2016 3Mlle Ring Emp. PopJBus. Emo./Bus. Bus. 24 5,022 3.0 15 0 NA NA 1 0 NA NA 1 916 298 6.8 272 1,283 659 21.0 123 993 773 19.1 100 79 2,511 4.9 27 342 1,607 13.7 47 318 820 6.5 99 458 390 4.4 233 0 NA NA 1 556 566 7.8 136 1,194 1,435 42.6 54 610 369 5.6 327 223 1,674 9.3 43 1,846 264 12.1 330 89 3,348 7.4 31 31 4.464 3.4 20 215 1,747 9.3 45 185 1,674 7.7 61 198 2,363 11.6 26 77 3,090 5.9 29 32 8,035 6.4 11 30 4,464 3.3 17 200 8,035 40.0 18 147 5,022 18.4 15 635 1,747 27.6 47 7 10,044 1.8 10 1,135 582 16,4 132 0 NA NA 0 78 1,545 3.0 42 234 3,348 19.5 19 97 1,385 3.3 69 726 20,088 363.0 2 1, 109 522 14.4 113 9 13,392 3.0 6 1,100 543 14.9 107 543 352 4.8 229 188 1,004 4.7 99 238 837 5.0 83 117 1,545 4.5 47 357 3,652 32.6 20 11,986 36 10.9 2,303 5 Mlle Ring 10 Mlle Ring Emo. Pop./Bus. Emp./Bus. Bus. Emp, Poo./Bus. Emp./Bus. 62 5,520 4.1 68 420 5,511 6.2 46 82,800 46.0 5 99 74,954 19.8 44 82,800 44.0 8 116 46,846 14.5 1,606 304 5.9 1,426 7,689 263 5.4 2,344 673 19.1 571 17,781 656 31.1 1,405 828 14.1 537 8,443 698 15.7 185 3,067 6.9 159 1,381 2,357 8.7 640 1,762 13.6 277 5,879 1,353 21.2 634 836 6.4 729 4,065 514 5.6 1,085 355 4.7 1,886 9,772 199 5.2 2 82,800 2.0 7 18 53,538 2.6 1,000 609 7.4· 704 4,519 532 6.4 2,350 1,533 43.5 307 8,983 1,221 29.3 2,035 253 6.2 2,680 17,053 140 6.4 396 1,926 9.2 296 3,307 1,266 11.2 4,183 251 12.7 2, 111 24,839 178 11.8 684 2,671 22.1 183 3,279 2,048 17.9 70 4,140 3.5 116 1,026 3,231 8.8 515 1,840 11.4 235 2,163 1,595 9.2 481 1,357 7.9 304 3,388 1,233 11.1 312 3, 185 12.0 183 3,853 2,048 21. 1 167 2,855 5.8 187 1,601 2,004 8.6 50 7,527 4.5 66 266 5,678 4.0 58 4,871 3.4 258 1,877 1.453 7.3 284 4,600 15.8 140 1,194 2,677 8.5 586 5,520 39.1 82 3,603 4,570 43.9 953 1,762 20.3 304 2,331 1,233 7.7 23 8,280 2.3 53 258 7,071 4.9 1,336 627 10. 1 1,257 8,702 298 6.9 0 NA NA 0 0 NA NA 115 1,971 2.7 402 1,942 932 4.8 250 4,358 13.2 240 1,283 1,562 5.3 245 1,200 3.6 601 4,689 624 7.8 726 41,400 363.0 14 788 26,769 56.3 1,736 733 15.4 697 11,003 538 15.8 189 13,800 31.5 39 1,155 9,609 29.6 1,547 774 14.5 658 9,848 570 15.0 1,088 362 4.8 1,369 11,251 274 8.2 436 836 4.4 502 6,473 747 12.9 372 998 4.5 572 2,867 655 5.0 280 1,762 6.0 295 1,911 1,270 6.5 953 4,140 47.7 128 3,905 2,928 30.5 23,130 36 10.0 15,222 149,225 26 9.8 Page 9 of 33 131 f--' f--' U1 TABLE 6 MARKET AREA EMPLOYMENT & BUSll MOORPARK MARKET OPPORTUNITITI MOORPARK, CALIFORNIA Agriculture Mining UtlllUes Construction Manufacturing Wholesale Trade Transportation & Warehousing lnfonnatlon Real EstateJRentaULeaalng Professlonal/Scl/Tech Services Management of Companies Administrative/Support Services Educational Services Healthcare & Soclal Assistance Arts, Entertainment, Recreation Retail Trade Motor Vehicle & Parts Dealers Furniture/Home Furnishings Electronic/Appliance Stores Building Material/Garden Food & Beverage Stores Heallth & Personal Care Stores Gasoline Stations Clothing & Accessories Stores Sport/Hobby/Music/Book Stores General Merchandise Stores Miscellaneous Retail Stores Nonstore Retailers Finance & Insurance Monetary Authorities Credit/Intermediation Activities Sec/Comm Contracts & Fin. Inv Insurance Carriers Funds/Trusts & Other Finance Accomodatlon & Food Services Accomodation Food Services & Drinking Places Other Services (Non Public Ad.) Repair & Maintenance Pesonal & Laundry Serv. Religious/GranVCivic Org. Publlc Administration Total -- Source: Claritas Bus. 10 0 0 127 53 62 16 24 49 94 0 63 28 108 20 141 12 6 21 23 17 11 6 8 5 8 21 3 64 0 24 10 27 3 72 2 70 114 38 49 27 13 1,047 Prepared by: Keyser Marston Associates, Inc. Filename: Moorpark Market Tables-v4; 6; 8/25/2016 Moorpar• Emo. Poo./Bus. •• 3,717 0 NA 0 NA 892 293 1,233 701 974 716 76 2,478 344 1,549 309 759 476 396 0 NA 611 590 1,259 1,327 601 344 216 1,8&6 1,737 264 85 3,097 26 6,195 207 1,770 175 1,616 147 2.186 75 3,379 31 6,195 30 4,646 194 7,434 147 4,646 613 1,770 7 12,389 1,083 581 0 NA 75 1,549 220 3,717 94 1,377 694 12,389 1,071 516 8 18,584 t,063 531 599 326 177 978 235 759 187 1,377 350 2,859 11,772 35 Ventura county Emo./Bus. Bus. Emo. PooJBus. EmoJBus. 4.2 ... 3,1aa 4,••• 16.1 NA 32 393 27,518 12.3 NA 62 &68 16,934 10.9 7.0 2,624 14,&66 336 5.6 23.3 1,153 30,072 764 26.1 18.7 1,091 18,830 807 17.1 5.0 434 4,127 2,029 9.5 14.3 513 7,824 1,716 15.4 6.3 1,581 8,762 567 5.6 5.1 3,476 17,962 263 5.2 NA 11 42 80,051 3.8 8.1 1,401 10,226 629 7.3 45.0 667 19,691 1,340 30.0 5.6 5,122 36,865 172 7.2 10.8 571 6,077 1,542 10.6 12.3 4,429 49,115 199 11.1 7.1 437 6,785 2,015 15.5 4.3 228 1,666 3,862 7.3 9.9 400 3,678 2,201 9.2 7.6 521 5,542 1,690 10.6 8.6 504 7.558 1,747 15.0 6.8 364 4,933 2,419 13.6 5.2 173 820 5,090 4.7 3.8 561 4,569 1,570 8.1 38.8 295 2,144 2.985 7.3 18.4 185 6,470 4,760 35.0 29.2 661 4,523 1,332 6.8 2.3 100 427 8,806 4.3 16.9 2,182 12,161 404 5.6 NA 0 0 NA NA 3.1 811 3,426 1,086 4.2 22.0 345 1,722 2,552 5.0 3.5 1,016 6.254 867 6.2 231.3 10 759 88,056 75.9 14.9 1,626 24,897 542 15.3 4.0 132 3,737 6,671 28.3 15.2 1,494 21,160 589 14.2 5.3 3,117 19,109 283 6'1 4.7 1,064 8,700 812 8.0 4.8 1,255 5.514 702 4.4 6.9 778 4,895 1, 132 6.3 26.9 472 30,171 1,866 63.9 11.2 30,740 314,500 29 10.2 Page10of33 132 TABLE7 SHARE OF TOTAL BUSINESSES & EMPLOYMENT MOORPARK MARKET OPPORTUNITITES MOORPARK CALIFORNIA 3 Mile Ring Bus. Emp. Ag~lculture 0.7°11 0.2°11 Mining O.Oo/. o.o% Utilities 0.0°!. 0.0% Construction 12.2°/o 7.6% Manufacturing 5.5% 10.7% Wholesale Trade 4.7"!. 8.3% Trar:asportatlo_n & Warehousing 1.4°!. 0.7% lnfonnation 2.3'!. 2.9% Real EstatelR.entaUleasing 4.4% 2.7% Profesalonal/SclfTech Services 9.3% 3.8% Management of Companies 0.0"!. 0.0% Administrative/Support Services 6.4% 4.6% Educational Services 2.S-J. 10.0% Healthcare & Soclal As;slstal_l~e 9.9% 5.1% Arts, Entertainment, Recreation 2.2% {9% Retail Trade 13.8% 15.4•/. Motor Vehicle & Parts Dealers 1.1% 0.7% FUmiture/Home Furnishings 0.8% 0.3% Electronic/Appliance Stores 2.1% 1.8°/o Building Material/Garden 2.2o/a 1.5% Food & Beverage Stores 1.5% 1.7% Heallth & Personal Care Stores 1.2% 0.6% Gasoline Stations 0.5% 0.3% Clothing & Accessories stores 0.8% 0.3% Sport/Hobby/Music/Book Stores 0.5°/o 1.7% General Merchandise Stores 0.7% 1.2% Miscetlaneous Retail Stores 2.1% 5.3% Nonstore Retailers 0.4% 0.1% Finance & Insurance 6.3% 9.5% Monetary Authorities 0.0% 0.0% Credit/Intermediation Activities 2.4% 0.7% Sec/Comm Contracts & Fin. Inv 1.1°~ 2.0% Insurance Carriers 2.6% 0.8% FuiidsfTrusts & other Finance 0.2% 6.1% Accomodatlon & Food services 7.0-1. 9.3% Accomodation 0.3% 0.1% Food Services & Drinking Places 6.7% 9.2% Other Services (Non Public Ad.) 10.3% 4.5% Repair & Maintenance 3.6% 1.6% Pesonal & Laundry Serv. 4.3% 2.0% Religlous/GranVCivic Org. 2.4% 1.0% Publlc Administration 1.0"!. 3.0"!. Total Businesses 100.0% 100.0•;. Source: Clarltas; Keyser Marston Associates Prepared by: Keyser Marston Associates, Inc. Filename: Moorpark Market Tables-v4; 7; 8/25/2016 SMiie Ring BUs. Emp. 0.7°!. 0.3% 0.0'(• 0.2% 0.0'/o 0.21/o 11.8°/. 6.9% 5.3'.4 10.1% 4.3% 6.1% 1.2% 0.8% 2.0% 2.8% 4.J•(., 2.r1. 10.1% 4.rt. 0.09/o 0.0•1. 5.9% 4.3o/o 2.3°/o 10.r1. 14.2•;. a.a•;. 1.9"!. 1.711/. 14.311/. 1a.1·v. 1.3% 3.0% 0.9% 0.3% 2.0% 2.2°/o 2.6°/o 2.1% 1.1% 1.3% 1.3% 0.7% 0.5% 0.2% 0.7% 0.3% 0.8% 1.2% 0.7% 2.5% 2.0% 4.1% 0.4% 0.1% 5.7% 5.811/. 0.0% 0.0% 1.8% 0.5% 0.8% 1.1% 3.0% 1.1% 0.1% 3.1% 4.9% 7.5% 0.3% 0.8% 4.6% 6.7% 9.911/. 4.7"!. 4.3% 1.9% 3.6% 1.6% 2.0% 1.2% 0.9"!. 4.1% 100.0Y. 100.0"J. 10 Mlle Ring Moorpark Ventura County Bus. Emp. Bus. Emp. Bus. Emp. 0.4'1. 0.3'!. 0.4% 0.6% 1.0% 0.0% 0.1-o/. 0.0% 0.0"!. 0.1% 0.1% 0.1% 0.1°11 o.o•4 0.0"!. o.r1. 0.2% 9.4% 5.2°!. 12.1'!. 7.6% 8.S-/o 4.6% 3.8% 11.9% 5.1% 10.5°/. 3.8% 9.6% 3.5% 5.7"!. 5.0% 8.3% 3.S-J. 5.9% 1.0% 0.9% 1.4% 0.6% 1.4% 1.3% 1.8% 3.9% 2.3% 2.9% 1.7"!. 2.5% 4.8% 2.7"!. 4.7% 2.6% 5.1'!. 2.8"!. 12.4-J. 6.5% 9.0% 4.0% 11.3'!. 5.7". 0.0% 0.0% 0.0% 0.0% 0.0'4 0.0% 4.6% 3.0% 6.0% 4.3% 4.6% 3.3% 2.0'!. 6.0"!. 2.7% 10.7% 2.1•;. 6.3% 17.&•;. 11.4% 10.3•;. 5.1% 1&.1•;. 11.7".4 1.9% 2.2•;. 1.9% 1 .. a•;. 1.1•;. 1.9% 13.9% 1&.6•/. 13.5% 14.8% 14.4•/. 15.6% 1.2% 2.2% 1.1% 0.7% 1.4% 2.2% 0.8% 0.7% 0.6% 0.2% 0.7% 0.5% 1.5% 1.4% 2.0% 1.8% 1.3% 1.2% 2.0% 2.3% 2.2% 1.5% 1.7% 1.8% 1.2% 2.6% 1.6% 1.2% 1.6% 2.4% 1.2% 1.1% 1.1% 0.6% 1.2% 1.6% 0.4% 0.2% 0.6% 0.3% 0.6% 0.3% 1.7% 1.3% 0.8% 0.3% 1.8% 1.5% 0.9% 0.8% 0.5% 1.6% 1.0% 0.7% 0.5% 2.4% 0.8% 1.2% 0.6% 2.1% 2.0% 1.6% 2.0% 5,2% 2.2% 1.4% 0.3% 0.2% 0.3% 0.1% 0.3% 0.1% 8.3% 5.8% 6.1% 9.2% 7.1% 3.9% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 2.6% 1.3% 2.3% 0.6% 2.6% 1.1% 1.6% 0.9% 1.0% 1.9% 1.1% 0.5% 3.9% 3.1% 2.6% 0.8°/o 3.3% 2.0% 0.1% 0.5% 0.3% 5.9% 0.0% 0.2% 4.6% 7.4"¥. 6.9% 9.1% 5.3% 7 .9"!. 0.3% 0.8% 0.2% 0.1% 0.4% 1.2% 4.3% 6.6% 6.7% 9.0% 4.9% 6.7% 9.0% 7.5% 10.9% 5.1% 10.1% 6.1% 3.3% 4.3% 3.6% 1.5% 3.5% 2.8% 3.8%· 1.9% 4.7% 2.0% 4.1% 1.8% 1.9% 1.3% 2.6% 1.6% 2.5% 1.6% 0.8% 2.6% 1.2% 3.0% 1.S-J. 9.6% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Page 11 of33 116 133 f-' f-' --J TABLE 8 TOTAL & PER CAPITA RETAIL SALES MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA ------------------Total Taxable Sales ($000s)-------------------------- 2013 Thousand Regional Moorpark Simi Valley Oaks Market Motor Vehicles and Parts Dlrs $25,876 $210,744 $590,071 $826,691 Home Furnishings & Appliances 16,940 42,954 126,369 186,263 Building Material & Garden Eqpmt 7,909 112,635 102,852 223,396 F cod & Beverage Stores 19,299 84,638 131,701 235,638 Gasoline Stations 54, 102 188,048 213,546 455,696 Clothing & Clothing Accessories 13,496 36,670 183,509 233,675 General Merchandise Stores 42,687 282,581 151,083 476,351 Food Services & Drinking Pies 46, 165 176,700 294,673 517,538 Other Retail Group 38,365 108,238 235,601 382,204 Retail Stores Total $264,839 $1,243,208 $2,029,405 $3,537,452 --------------------------Per CaDlta Taxable Sales------------------------ Population 34,970 125,774 Moorpark Simi Valley Motor Vehicles and Parts Dlrs $740 $1,676 Home Furnishings & Appliances 484 342 Building Material & Garden Eqpmt 226 896 Food & Beverage Stores 552 673 Gasoline Stations 1,547 1,495 Clothing & Clothing Accessories 386 292 General Merchandise Stores 1,221 2,247 Food Services & Drinking Pies 1,320 1,405 Other Retail Group 1,097 861 Retail Stores Total $7,573 $9,884 Source: California State Board of EqualizaUon; and California State Department of Finance ' Per the CA State Board of Equalization, for those categories listed as"-". the sales are included in the "Other Retail Stores" category. Prepared by: Keyser Marston Associates, Inc. Filename: Moorpark Market Tables-v4; 8; 8/25/2016 2013 128,356 289,100 Thousand Regional Oaks Market $4,597 $2,860 985 644 801 773 1,026 815 1,664 1,576 1,430 808 1, 177 1,648 2,296 1,790 1,836 1,322 $15,811 $12,236 Ventura State of County California $1,838,612 $67 '986 ,436 479,315 25,411,008 684,286 29,680,053 573,417 25,289,203 1,208, 107 56,860,585 907,628 34,918,036 1, 136,487 51,431,094 1,250,942 62,776,359 1,022,643 48,086,943 $9,101,437 $402,439,717 836,864 38,030,609 Ventura State of County California $2, 197 $1,788 573 668 818 780 685 665 1,444 1,495 1,085 918 1,358 1,352 1,495 1,651 1,222 1,264 $10,876 $10,582 Page12of33 134 TABLE9 TOTAL PERMITS & SALES PER RETAIL PERMIT MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA MOO!J!ark Motor Vehicles and Parts Dlrs 22 Home Furnishings & Appliances 19 Building Material & Garden Eqpmt 16 Food & Beverage Stores 25 Gasoline Slations 8 Clothing & Clothing Accessories 21 General Merchandise Stores 7 Food Services & Drinking Pies 78 Other Relail Group 282 Retail Stores T olal 478 ' MOO!J!!rk Motor Vehicles and Parts Dlrs $1,176,182 Home Furnishings & Appliances 891,579 Building Material & Garden Eqpmt 494,313 Food & Beverage Stores 771,960 Gasoline Slations 6,762,750 Clothing & Clothing Accessories . 642,667 General Merchandise Stores 6,098, 143 Food Services & Drinking Pies 591,859 Other Relail Group 136,046 Relail Stores Averaoe $554.056 Population 34,970 Moorpark Motor Vehicles and Parts Dlrs 0.6_3 Home Furnishings & Appliances 0.54 Building Material & Garden Eqpmt 0.46 Food & Beverage Stores 0.71 Gasoline S_tati_ons 0.23 Clothing & Clothing Accessories 0.60 General Merchandise Stores 0.20 Food Services & Drinking Pies 2.23 Other Relail Group 8.06 Relail Stores Averaae 13.67 Total Pennits 2013 Thousand Regional Simi Valle~ Oaks Market 85 108 215 84 161 264 45 41 102 81 85 191 29 30 67 122 231 374 38 51 96 266 337 681 1 042 1460 2.784 1,792 2,504 4,774 Taxable Sales Per Penni! 2013 Thousand Regional Simi Valle~ Oaks Market $2.479,341 $5,463,620 $3,845,074 511,357 784,901 705,542 2,503,000 2,508,585 2,190,157 1,044,914 1,549.424 1,233,707 6,484,414 7,118,200 6,801.433 300,574 794.411 624,799 7,436,342 2,962.412 4,961,990 664,286 874.401 759,968 103,875 161,371 . 137,286 $693.754 $810 465 $740 983 ennits per 1,000 Residents 2013 125,774 128,356 289,100 Thousand Regional Simi Valley Oaks Market 0.68 0.84 0.74 0.67 1.25 0.91 0.36 0.32 0.35 0.64 0.66 0.66 0.23 0.23 0.23 0.97 1.80 1.29 0.30 0.40 0.33 2. 11 2.63 2.36 8.28 11.37 9.63 14.25 19.51 16.51 Source: Galtfornia State Board of Equalization; and Galifomia State Department of Finsnce ' Per the CA State Board of Equalization, fOr those categories listed as "$0", the sales 8fll induded in the "Other Retail Stores" category. Prepared by: Keyser Marston Associates, Inc. Filename: Moorpark Market Tables-v4;9;8/25/2016 Ventura State of County California 586 32,324 676 38, 164 353 16,323 644 31, 132 187 9,798 1,085 62, 164 307 15,031 1,900 96,594 8,547 363 749 14,285 665,279 Ventura State of County California $3,137,563 $2, 103,280 709,046 665,837 1,938,487 1,818,296 890,399 812,322 6,460,465 5,803,285 836,524 561,708 3,701,912 3,421,668 658,391 649,899 119,649 132,198 $637,132 $604,919 836,864 38,030,609 Ventura State of County California 0.70 0.85 0.81 1.00 0.42 0.43 0.77 0.82 0.22 0.26 1.30 1.63 0.37 0.40 2.27 2.54 10.21 9.56 17.07 17.49 Page 13 oi!Jl 8 135 TABLE 10 ESTIMATED MARKET POTENTIAL ·EXISTING CONDITIONS MOORPARK MARKET OPPORTUNITITES MOORPARK; CALIFORNIA Households in City ' Average HH Income ' Gross Market Area Income City Sales Establishment Type !2013) Home Furnishings & Appliances 16,940,000 Building Material & Garden Eqpmt 7,909,000 Food & Beverage Stores 48,247,500 Clothing & Clothing Accessories 13,496,000 General Merchandise Stores 44,933,700 Food Services & Drinking Pies 46, 165,000 Other Retail Group 38,365,000 Retail Stores Total $216,056,200 10,800 $117,600 $1,270,080,000 City City City Sales Potential Surplus/ ~· ~ !Leakaael $17, 162, 100 $20, 732,000 ($3,569,900) 8,012,700 29,597,000 (21,584,300) 48,880,000 62,885,000 (14,005,000) 13,672,900 39,257,000 (25,584, 100) 45,522,800 51,743,000 (6,220,200) 46,770,200 54,875,000 (8, 104,800) 38,868,000 44,232,000 (5,364,000) $218,888,700 $303,321,000 ($84,432,300) Source: California State Board of Equalization; Bureau of Labor Statistics-CPI (Los Angeles-Riverside-Orange County; All Hems); DOF; CES and Claritas. 1 Based on estimates from Clarltas. 2 Sales In 2015 assume annual rate of change between 2013 and 2015 for the CPI (Los Angeles-Riverside-Orange County) during this period. 3 Assumes food store sales are 40% taxable. 4 Assumes general merchandise store sales are 95% taxable . .... ._prepared by: Keyser Marston Associates, Inc. i..c:Filename: Moorpark Market Tables-v4; 10; 812512016 Typical Supported Productivltv Deveiooment $350 10,200 $400 54,000 $450 31,100 $350 73,100 $400 15,600 $400 20,300 $350 15,300 219,600 Page 14 of 33 136 TABLE 11 PROJECTED RETAIL DEMAND MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA 2015 10,800 $117,600 Households in City ' Average HH Income 1 Gross Market Area Income $1,270,080,000 Establishment Type Home Furnishings & Appliances Building Material & Garden Eqpmt Food & Beverage Stores Clothing & Clothing Accessories General Merchandise Stores Food Services & Drinking Pies Other Retail Group Retail Stores Total Incremental Demand Home Furnishings & Appliances Building Material & Garden Eqpmt Food & Beverage Stores Clothing & Clothing Accessories General Merchandise Stores Food Services & Drinking Pies Other Retail Group Retail Stores Total Cumulative Retail Demand City Demand 2015 $20,732,000 29,597,000 62,885,000 39,257,000 51,743,000 54,875,000 §44 232 000 $303,321,000 10,200 54,000 31,100 73, 100 15,600 20,300 15 300 219,600 219,600 2020 11,300 $125,500 $1,418,150,000 City Demand 2020 $22,669,000 32,363,000 70,216,000 42,926,000 56,578,000 61,272,000 ~8 365 000 $334,389,000 5,200 6,500 15,300 9,800 11,300 15,000 1.LlQQ 74,200 293,800 2025 2030 11,600 11,900 $133,900 $142,900 $1,553,240,000 $1,700,510,000 City ·City Demand Demand 2025 2030 $24,172,000 $25,570,000 34,508,000 36,505,000 76,905,000 84, 196,000 45,771,000 48,420,000 60,329,000 63,820,000 67, 109,000 73,472,000 §51 571 000 §54,555 000 $360,365,000 $386,538,000 3,800 3,300 4,700 4,100 13,000 13,300 7,100 6,200 8,200 7,200 12,800 13, 100 8 000 7 000 57,600 54,200 351,400 405,600 Source: California State Board of Equalization: Bureau of Labor Statistics-CPI (Los Angeles-Riverside-Orange Coi..inty; All items); DOF; CES and Claritas. 1 Based on estimates from Claritas. Population grol/o/th projections based CA DOF estimates for Ventura County. 2 Sales in 2015 assume annual rate of change between 2010 and 2015 for the CPI (Los Angeles-Riverside-Orange County) during this period. 3 Assumes food store sales are 35% taxable. 4 Assumes general merchandise store sales are 95% taxable . ...,,. . r-.Brepared by: Keyser Marston Associates, Inc. d)ilename: Moorpark Market Tables· v4; 11; 8/2512016 2035 12,200 $152,500 $1,860,500,000 City Demand 2035 $26,771,000 38,219,000 92, 118,000 50,693,000 66,816,000 80,384,000 §57 117 000 $412,118,000 2,600 3,300 13,600 5,000 5,800 13,300 5 600 49,200 454,800 Page 15 of 33 137 ...... TABLE 12 MARKET AREA RETAIL SALES SURPLUS/LEAKAGE DATA SUMMARY MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA Opportunity Three-Mlle Market Area Expenditures Salas Gap/Surplus Motor Vehicle and Parts Dealers $147,085,461 $30,832,241 $116,253,220 Home Furnishings/Electronic/Appliances 25, 137, 145 27,263,328 (2, 126, 183) Building Material, Garden Equip Stores 75.489,805 105, 153, 164 (29,663,359) Food and Beverage Stores 83,842,817 28,371,555 55,471,262 Health and Personal Care Stores 34,935,328 15,904,101 19,031,227 Gasoline Stations 61.417,850 4,040,257 57,377,593 Clothing and Clothing Accessories Stores 36,270,886 8,761,897 27,508,989 Sporting Goods, Hobby, Book, Music Stores 13,528,513 16,697,613 (3,169,100) General Merchandise Stores 81,323,175 40,550,815 40,772,360 Miscellaneous Store Retailers 17,622,098 32,357,661 (14,735,563) Non-Store Retailers 60,222,370 12,550,081 47,672,289 Foodservice and Drinking Places $72,960,561 $86,471,237 ($13,510,676) fotalRatail Sales Incl Eating and Drliiklng Places $709,836,009 $408,953,950 $300,882,059 Opportunity Five-Mlle Market Area Expenditures Sales Gap/Surplus Motor Vehicle and Parts Dealers $322,831,746 $309,084,383 $13,747,363 Home Furnishings/Electronic/Appliances 56,850,755 75,865,758 (19,015,003) Building Material. Garden Equip Stores 169,064,597 250,215,438 (81, 150,841) Food and Beverage Stores 187,996,461 49,465,909 138,530,552 Health and Personal Care Stores 79,667,978 31,820,251 47,847,727 Gasoline Stations 136,047,651 52,390,736 83,656,915 Clothing and Clothing Accessories Stores 80,371.499 13,635,512 66,735,987 Sporting Goods, Hobby, Book, Music Stores 30,527,573 28,350,515 2,177,058 General Merchandise Slores 179, 125,775 171,698,697 7,427,078 Miscellaneous Store Retailers 40,042,598 57,422,699 (17,380,101) Non-Store Retailers 137,444.100 85,028,460 52,415,640 Foodservice and Drinking Places $166,415,313 $118,854,443 $47,560,870 Total Retail Sales Incl Eating and Drinking Places $1;586,386,046 $1,243,832,801 $342,553,245 f'V Prepared by: Keyser Marston Associates, Inc . ......,. Filename: Moorpar1c: Market Tables-v4: 12; 812512016 Typical Sales PSF NA $350 $400 $450 $400 NA $350 $400 $400 $350 NA $400 Typical Sales PSF NA $350 $400 $450 $400 NA $350 $400 $400 $350 NA $400 Potential (SF) NA 0 0 123,269 47,578 NA 78,597 0 101,931 0 NA 0 351,376 Potential (SF) NA 0 0 307,846 119,619 NA 190,674 5,443 18,568 0 NA 118,902 761,052 Page 16 of 33 138 >-" N N TABLE 12 MARKET AREA RETAIL SALES SURPLUS/LEAKAGE DATA SUMMARY MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA Ten-Mlle Market Area Motor Vehicle and Parts Dealers Home Furnishings/ElectroniclAppliances Building Material, Garden Equip Stores Food and Beverage Stores Health and Personal Care Stores Gasoline Stations Clothing and Clothing Accessories Stores Sporting Goods, Hobby, Book, Music Stores General Merchandise Stores Miscellaneous Store Retailers Non-Store Retailers Foodservice and Drinkin Places Total Retail Sales Incl Eating and Drinking Places Source: Claritas; KMA Prepared by: Keyser Marston Associates, Inc. Filename: Moorpark Market Tables-v4; 12; 8/25/2016 Expenditures $1,384,945,511 248,400,892 742,207,757 835,317,084 357,344,733 601,342,325 347,200,010 130,781,547 789,334,897 173,985,978 597,427,201 $728,877, 171 6,937,165,106 Salas $1,490,515,570 542,845, 140 826, 162,328 612,683,728 275,620, 177 330,078,866 403,115,215 94,299,252 767,549,895 143,497,927 1,207,773,929 $780,273,671 7,474,415,698 Opportunity Typical Gap/Surplus Salas PSF Potential (SF) ($105,570,059) NA NA (294,444,248) $350 0 (83,954,571) $400 0 222,633,356 $450 494,741 81,724,556 $400 204,311 271,263,459 NA NA (55,915,205) $350 0 36,482,295 $400 91 ,206 21,785,002 $400 54,463 ,30,488,051 $350 87, 109 (610,346,728) NA NA $51,396,500 $400 0 ( 537,250,592) 931,829 Page17of33 139 TABLE 13 ESTIMATED RETAIL DEMAND (SQUARE FEET OF SUPPORTABLE DEVELOPMENT) MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA Home Fumishings/Electronic/Appliances Building Material, Garden Equip Stores Food and Beverage Stores Health and Personal Care Stores Clothing and Clothing Accessories Stores Sporting Goods, Hobby, Book, Music Stores General Merchandise Stores Miscellaneous Store Retailers Foodservice and Drinking Places Total (Square Feet) Source: Claritas; KMA Prepared by: Keyser Marston Associates, Inc. Filename: Moorpark Market Tables-v4: 13; 8125/2016 3 -Mlle 0 0 123,269 47,578 78,597 0 101,931 0 Q 351,376 5 -Miles 0 0 307,846 119,619 190,674 5,443 18,568 0 118 902 761,052 10 -Miles 0 0 494,741 204,311 0 91,206 54,463 87,109 Q 931,829 Page 18 o!32 3 140 TABLE 14 MARKET AREA RETAIL LEASE RATE COMPARABLES MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA No. Address City -1-888 New Los Angeles 2 252 E. Los Angeles 3 302 W. Los Angeles 4 525 Los Angeles 5 476 Los Angeles 6 593 W. Los Angeles 7 6591 Collins Drive 8 7 42 New Los Angeles 9 706-790 Los Angeles 10 14701 Princeton 11 530 E. Los Angeles 12 111-165 Poindexter 13 209 W. Los Angeles 14 4215 Tierra Rejada 15 481 E. High St. 16 14711 Princeton 17 14721 Princeton 18 142-144 W. Los Angeles 19 706 Los Angeles Lease Rate Range Weighted Average Lease Rate Source: LoopNet.com 2015 Prepared by: Keyser Marston Associates, Inc. Filename: Moorpark Market Tables-v4: 14; 812512016 Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark SF Property Type Asking Type Available Neighborhood Ctr. $27.00 NNN 2,748 Retail $24.00 NNN 900 Strip Retail $35.35 NNN 975 Community Ctr. $27.00 NNN 2,816 Retail $19.20 MG 1,935 Community Ctr. $17.40 NNN 4,995 $19.80 NNN 4.9.50 $24.00 NNN 1,011 $21.00 NNN 1,170 $24.00 NNN 1,122 $24.00 NNN 2,244 Neighborhood Ctr. $18.00 NNN 9,154 Community Ctr. Neg. NNN 20,721 Community Ctr. $21.00 MG 23,224 Strip Center $15.00 NNN 6,340 Street Retail $24.00 NNN 6,240 $21.00 NNN 2,800 Retail $11.40 NNN 1,000 $12.00 NNN 1,000 Power Center $21.60 NNN 1,033 Community Ctr. $17.88 NNN 1,394 $21.00 NNN 1,382 $23.40 NNN 1,471 Street Retail $18.00 NNN 960 Neighborhood Ctr. $15.00 NNN 7,242 Neighborhood Ctr. $15.00 NNN 1,760 Strip Center $30.00 NNN 3,940 Anchor $18.00 NNN 45,022 $11.40-$35.35 $16.93 Page 19 of 33 124 141 TABLE 15 3rd QUARTER 2015 OFFICE MARKET-VENTURA COUNTY MARKET AREA MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA Square Feet Submarket (Total Inventory) Agoura Hills 1,752,700 Camarillo 2,351,600 Conejo Valley 7,358,200 Oxnard/Port Hueneme 2,541,400 Simi Valley/Moorpark 2,359,300 Ventura 3,371,100 Central County Total 19,734,300 (1) PSF Per Month. Full Service Gross (FSG). Source: Lee & Associates ...... N U1 Prepared by: Keyser Marston Associates, Inc . Filename: Moorpark Market Tables-v4; 15; 8/25/2016 Square Feet Vacant 403,121 507,946 816,760 335,465 478,938 289,915 2,832, 144 Vacancy Net Absorption Under Average Asking Change from Rate YTD Construction Rent 1 Previous Qtr 23.0% (81,200) $2.03 -0.1% 21.6% (102,800) $1.64 -5.7% 11.1% 292, 100 120,900 $2.12 2.0% 13.2% 29, 100 $2.07 0.8% 20.3% (256,300) -$1.82 -0.1% 8.6% 95,600 -$1.68 1.2% 14.4% (23,500) 120,900 $1.97 0.7% Page 20 of 33 142 TABLE 16 MARKET AREA OFFICE LEASE RATE COMPARABLES MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA No. Address City 1 530 Moorpark 2 5285 Kazuko Ct 3 209 W. Los Anglees 4 5301 N. Commerce 5 635 Los Angeles 6 301 Science Dr. 7 301 Science Dr. 8 5069 Maureen Ln 9 14711 Princeton 10 14701 Princeton 11 484 E. Los Angeles 12 609 Science Dr. 13 646 Flinn Ave. Lease Rate Range Wei~hted Avera~e Lease Rate Source: LoopNet.com Prepared by: Keyser Marston Associates. Inc. Fiiename: Moorpark Market Tables-v4; 16; 8/25/2016 Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark Moorpark Asking Property Type Rate Type SF Available Office $21.00 MG 3,570 Office $11.40 IG 800 Office $21.60 NNN 1,033 Office $14.40 MG 5_50 Medical Office $34.20 FSG 75,082 Office $22.20 FSG 2,938 Office $26.09 FSG 736 Office $15.00 MG 5,384 Office $15.00 NNN 7,242 Medical Office $15.00 NNN 3,832 Office $21.00 MG 2,049 Office $9.00 MG 22,100 Office $10.68 MG 4,924 $9.00 -$34.20 $25.40 Page 21 of 33 126 143 TABLE 17 POTENTIAL OFFICE DEMAND WITHIN A FIVE MILE RADIUS MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA 2015 Real Estate/RentaULeasing Employment 634 Change Office Employment Percentage Square Feet/Employee Total Square Footage Professional & Business Services Employment 2,087 Change Office Employment Percentage Square FeeVEmployee Total Square Footage Finance & Insurance Employment 1,336 Change Office Employment Percentage Square FeeVEmployee Total Square Footage Balance of Employment Employment 19,073 Change Office Employment Percentage Square FeeVEmployee Total Square Footage Total Employment 23, 130 Change Total Square Footage Total Square Footage Through Term of Projection --Estimated Office Demand-- 2020 2025 2030 2035 671 709 751 794 37 39 41 43 80% 80% 80% 80% 200 200 200 201 5,900 6,200 6,600 7,000 2,306 2,549 2,817 3, 113 219 242 268 296 80% 80% 80% 80% 200 200 200 201 35,100 38,800 42,900 47,600 1,436 1,544 1,660 1,785 100 108 116 125 80o/o 80% 8.0% 80% 200 200 200 200 16, 100 17,300 18,600 19,900 20,485 22,002 23,632 25,382 1,412 1,517 1,629 1,750 5% 5% 5% 5% 200 200 200 201 14, 100 15,200 16,300 17,600 24,899 26,805 28,859 31,073 1,769 1,906 2,054 2,214 71,200 77,500 84,400 192, 100 71,200 148,700 233, 100 325,200 Source: Projections based on California EDD emptoyment projections (2012-2022) for Ventura County . Employment Percentage and square footage assumptiOns m"ade by KMA. Prepared by: Keyser Marston Associates, Inc. Filename: Moorpark Market Tables-v4; 17; 812512016 Page 22 of 33 127 144 TABLE 18 3rd QUARTER 2016 INDUSTRIAL MARKET· VENTURA COUNTY MARKET AREA MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA Square Feet Submarket (Total Inventory) Agoura Hills/Westlake Village 2,683,900 Calabasas 632,600 Camarillo 11,535,000 Fillmore/Santa Paula 2,369,900 Newbury Park/Thousand Oaks 7,953,000 Oxnard/Port Hueneme 23,383,700 Simi Valley/Moorpark 12,081,600 Ventura 11,219,800 Central County Total 71.859,500 (1) PSF Per Month. Triple Net (NNN). Source: Lee & Associates ,..... N CXl Prepared by: Keyser Marston Associates. Inc. Filename: Moorpark Market Tables· v4; 18; 8/2512016 Square Feet Vacant 115,408 135,376 1,199,640 94,796 254,496 1,215,952 640,325 336,594 3,992,587 Vacancy Net Absorption Under Completed Average Asking Rate YTD Construction YTD Rent 1 4.3% 99,400 . $0.93 21.4% 6,400 . $1.35 10.4% 37,400 . 92,700 $0.58 4.0% 2,600 . . $0.54 3.2% 216,200 --$0.76 5.2% 51,500 28,000 . $0.63 5.3% 377,000 . -$0.60 3.0% (56,300) . -$0.63 5.6% 734,200 28,000 92,700 $0.65 Page 23·of 33 145 TABLE19 MARKET AREA INDUSTRIAL LEASE RATE COMPARABLES MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA Asking No. Address City Property Type Rate 1 31 Poindexter 2 5146 Commerce 3 11953 Challenger Ct. 4 555 Spring Rd. 5 650 Flinn Ave. 6 709 Science 7 700 Science Dr. 8 353 Science Dr. 9 646 Flinn Ave. Lease Rate Range Weiahled Averaae Lease Rate Source: LoopNetcom Prepared by: Keyser Marston Associates, Inc. Filename: Moorpark Market Tables-v4; 19; 8/2512016 Moorpark Industrial Neg Moorpark Industrial $11.04 Moorpark Industrial $10.20 Moorpark Industrial $8.40 Moorpark Industrial $12.00 Moorpark Industrial $4.68 Moorpark Industrial $4.68 Moorpark Industrial $10.80 Moorpark Industrial $10.68 $4.68 -$12.00 $4.93 Type SF Available IG 16,383 MG 3,606 MG 11,397 NNN 3,900 MG 1,400 NNN 253,479 NNN 152,786 IG 8,470 MG 4,924 Page 24 of 33 129 146 TABLE 20 ( REGIONAL HOTEL OCCUPANCY RA TES' MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA 2010 2011 2012 2013 2014 2015 E 2016 F E-Estimate F -Forecast Simi Valley 68.9°/o 70.1% 71.2% 71.7% 72.2% 75.9% 76.7% Average 71.7",{, Camarillo 61.8% 64.0% 67.6% 67.8% 74.1% 74.3% 75.2% 68.3% (1) Source: PKF "The 2016 Southern California Lodging Forecast" Prepared by: Keyser Marston Associates, Inc. Filename: Moorpark Market Table"s-v4; 20; 8/2512016 Thousand Oaks/ Agoura Hills 66.2% 72.9% 74.5% 74.6% 77.8% 78.4% 78.8% 74.1% Ventura County 64.5°/o 64.4% 66.7% 68.0% 72.3% 73.7% 74.5% 68.3% Page 25 of 33 1 3 0 147 TABLE 21 REGIONAL HOTEL AVERAGE DAILY RATE1 MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA Simi Valley 2010 $90.04 2011 $92.31 2012 $93.38 2013 $96.47 2014 $97 .73 2015 E $104.00 2016 F $108.68 Average $97.52 E . Estimate F . Forecast Camarillo $88.30 $89.93 $90.82 $95.40 $105.24 $110.15 $114.55 $99.20 (1) Source : PKF "The 20 16 Southern CaHfomia Lodging Forecast" Prepared by: Keyser Marston Associates, Inc. Filename : Moorpark Market Tables-v4 ; 21 ; 812512016 Thousand Oaks/ Agoura Hills Ventura County $119.49 $98.21 $121 .30 $98.07 $126.11 $100 .03 $132.26 $101 .71 $143.56 $109.43 $154.56 $118 .26 $164 .14 $124.52 $137.35 $107.18 Page 26 of 33 131 148 TABLE 22 REGIONAL HOTEL ANNUAL REVPAR (occupancy x room rate) MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA Thousand Oaks/ 2010 2011 2012 2013 2014 2015 E 2016 F Average E-Estmate F -Forecast Simi Valley Camarillo $62.01 $54.56 $64.70 $57.52 $66.53 $61.35 $69.17 $64.65 $70.61 $78.03 $78.95 $81.82 $83.33 $86.15 $70.76 $69.15 (1) Source: PKF "The 2016 Southern California Lodging Forecast" Prepared by: Keyser Marston Associates, Inc. Filename: Moorpark Market Tables-v4; 22; 812512016 Agoura Hills Ventura County $79.07 $63.34 $88.42 $63.20 $93.99 $66.69 $98.66 $69.16 $111.66 $79.17 $121.46 $87.16 $129.40 $92.81 $103.24 $74.50 Page 27 of33 13 2 149 TABLE 23 REGIONAL HOTEL MARKET PERFORMANCE' MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA Occupied Occupied Average Annual Room Nights Room Nights ReYPar Occupancy Daily Rate §!ml!!y Per Year Change RevPar Change Simi Valley 2010 68.9% $90.04 207.320 142.791 $62.04 2011 70.1% $92.31 207,320 145,319 1.8°/o $64.71 4.3% 2012 71.2% $93.38 207,320 147.701 1.6°/o $66.49 2.7°/o 2013 71.7% $96.47 207.320 148.657 0.6o/o $69.17 4.0% 2014 72.2% $97.73 207,320 149,787 O.So/o $70.56 2.0% 2015 E 75.9% $104.00 207,320 157,388 5.1% $78.94 11.9% 2016 F 76.7% $108.68 207,320 158,962 1.0o/o $83.36 5.6% CAC 2010-2016 3.19% O.OOo/o 1.80% 5.05% Camarillo 2010 61.8% $88.30 317,550 196,213 $54.57 2011 64.0°/o $89.93 317.550 203,130 3.5% $57.56 5.5% 2012 67.6% $90.82 317,550 214,529 5.6% $61.39 6.7% 2013 67.8% $95.40 317,550 215, 199 0.3% $64.68 5.4o/o 2014 74.1% $105.24 317,550 235,427 9.4% $77.98 20.6% 2015 E 74.3% $110.15 317,550 235,900 0.2% $81.84 4.9o/o 2016 F 75.2% $114.55 316,820 238,258 1.0% $86.14 5.3% CAC 2010-2016 4.43% -0.04o/o 3.29% 7.91% Thousand Oaks/Agoura Hills 2010 66.2% $119.49 664,300 439,555 $79.10 2011 72.9% $121.30 664,300 484,218 10.2% $88.43 11.8% 2012 74.5% $126.11 664,300 495,145 2.3% $93.95 6.2% 2013 74.6% $132.26 664,665 495,800 0.1% $98.67 5.0% 2014 77.8% $143.56 664,665 516,984 4.3% $111.69 13.2% 2015 E 78.4% $154.56 664,665 521,371 0.8% $121.18 8.5% 2016 F 78.8% $164.14 664,665 523,978 0.5°/o $129.34 6.7% '-CAC 2010-2016 5.43o/o 0.01% 2.97% 8.54o/o Ventura County 2010 64.5% $98.21 1,658,195 1,069,444 $63.35 2011 64.4% $98.07 1,673,890 1,078,694 0.9% $63.16 -0.3% 2012 66.?o/o $100.03 1,673,890 1, 115,862 ·3.4o/o $66.72 5.6% 2013 68.0% $101.71 1,673,890 1, 138,217 2.0o/o $69.16 3.7% 2014 72.3% $109.43 1,673,525 1,210,688 6.4% $79.12 14.4% 2015 E 73.7% $118.26 1,670,058 1,230,818 1.7% $87.16 10.2% 2016 F 74.5% $124.52 1,651,990 1;231,286 0.0% $92.77 6.4o/o CAC 2010-2016 4.04o/o -0.06% 2.38% 6.56o/o E -Estimate F -Forecast (1) Source: PKF "The 2016 Sout~em C_alffomia lodging Forecast" Prepared by: Keyser Marston Associates, Inc. Filename: Moorpar1< Mar1<et Tables-v4: 23: 812512016 Pageili3>Bi3 150 TABLE24 PROJECTED MARKET AREA HOTEL DEMAND MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA Potential Demand Simi Valley Market Area -2.0% Annual Increase Annual 2.0% Demand Increase 2016 158,962 2021 175,507 2026 193,774 2031 213,942 2036 236,209 Existing Room Night Suoelv1 207,320 207,320 207,320 207,320 207,320 Market Area Target Occupancy -70% Occupancy Available Cumulative Room Nights Rcioms 76.7% 227,089 54 84. ?o/o 250,724 119 93.5% 276,820 190 103.2% 305,631 269 113.9% 337,442 356 Potential Demand Simi Valley Market Area-3.0% Annual Increase Annual 3.0% Existing Demand Room Night Occupancy Increase Supply' Level 2016 158,962 207,320 76.7% 2021 184,281 207,320 88.9% 2026 213,632 207,320 .103.0% 2031 247,658 207,320 119.5% 2036 287,103 207,320 138.5% (1) Source: PKF 'The 2016 Southern California Lodging Forecast" Prepared by: Keyser Marston Asso_ciates, Inc. Filename:Moorpark MarketTables-v4: 24; 8/2512016 Market Area Target Occupancy -70% Available Cumulative Room Nights Rooms 227,089 54 263,258 153 305,188 268 353,797 401 410,147 556 Page29of33134 151 TABLE 25 RETAIL BUILDING SALES -CITY OF MOORPARK (2014-2016) MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA No. Buildinq Tvoe Address 1 Restaurant 255 High Street 2 Retail Storefront 11-17 East High Street 3 Freestanding Retail 213 East High Street 4 Service Station 550 West Los Angeles Avenue 5 Retail (LA Spring Center) 525, 537, 549 Los Anglees 6 Retail (Moorpark Town Center) 1, 5, 101-275, 165,125 Los Angeles 7 Retail (Mission Bell Plaza)1 301-593 Los Angeles Sale Date Year Built Sales Price RBA IS Fl 1/22/2016 1935 $615,000 1,950 11/18/2014 1975/2005 $845,000 4,500 6/16/2014 1935 $475,000 1,572 8/7/2014 1998 $2,700,000 9,551 1/16/2015 2005 $10,280,000 21,561 12/3/2014 1984-1986 $27,250,000 139,740 9/2/2015 1993-1996 $28,600,000 NA Weighted Average 1 Includes sale of buildings and ground leases. This was an off-market transactions. Price Per Price/SF Land ISFl SF Land $315.38 14,985 $41.04 $187.78 7,492 $112.79 $302.16 7,405 $64.15 $282.69 54,886 $49.19 $476.79 97,574 $105.36 $195.01 1,302,361 $20.92 NA 1,378,922 $20.74 $235.72 $24.71 Note: Sales data from 412212014 -412212016; Sales covering the City of Moorpark; Multi-property sales, non-arms length transactions and transactions without a sales price were excluded. Source: Costar: 4/2016 f-' w Prepared by: Keyser Marston Associates, Inc. U1 Filename: Moorpark Market Tables-v4; 25; 8/25/2016 152 TABLE 26 OFFICE BUILDING SALES -CITY OF MOORPARK (2014-2016) MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA No. Building Type Address Class C Medical Office 724 Moorpark Avenue Sale Date 8/31/2015 Price Per Year Built Sales Price RBA (SFl Price/SF Land ISFl SF Land 1985 $725,000 2,080 $348.56 8,782 $82.56 Note: Sales data from 412212014 -412212016; Sales covering the City of Moorpark; Multi-property sales, non-arms length transactions and transactions without a sales price were excluded. Source: Costar: 4/2016 ~ Prepared by: Keyser Marston Associates, Inc. °' Filename: Moorpark Market Tables-v4; 26; 8/25/2016 153 TABLE 27 INDUSTRIAL BUILDING SALES· CITY OF MOOPARK (2014-2016) MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA No. Building Type Address 1 Class C Manufacturing 11969 Challenger Court 2 Class B Manufacturing 5360 Commerce Avenue 3 Class C Warehouse 588 Flinn Avenue 4 Class B Manufacturing 5155 Goldman Avenue 5 Class C Distribution 5530 Tech Circle Sale Date Year Built 6/9/2014 1990 3/18/2016 1984 10/15/2015 1977 11/13/2015 1986/2011 11/20/2015 1986 Price Per Sales Price RBA (SF) Price/SF Land (SF) SF Land $1,500,000 11,555 $129.81 21,780 $68.87 $4,375,000 26,982 $162.15 121,968 $35.87 $800,000 1,800 $444.44 23,087 $34.65 $6,756,500 54,052 $125.00 111,078 $60.83 $1,150,500 9,591 $119.96 21 ,349 $53.89 Weighted Average $140.24 $48.73 Note: Sales data from 412212014 · 412212016; Sales covering the City of Moorpark; Multi-property sales, non-arms length transactions and transactions without a sales price were excluded. Source Costar: 4/2016 ...... . w Prepared by: Keyser Marston Associates, Inc . .....J Filename: Moorpark Market Tables-v4, 27, 8/25/2016 154 I-' w 00 TABLE 28 COMMERCIAL AND INDUSTRIAL LAND SALES -CITY OF MOORPARK (2014-2016) MOORPARK MARKET OPPORTUNITITES MOORPARK, CALIFORNIA No. Land Use Commercial Address 384 E. Los Angeles Ave Sale Date 9/4/2015 Size IACl Size ISFl Sales Price Price Per SF 1.43 62,291 $1,600,000 $25.69 Note: Sales data from 412212014 -412212016; Sales covering the City of Moorpark; Multi-property sales, non-arms length transactions and transactions without a sales price were excluded. Source: Costar: 4/2016 Prepared by: Keyser Marston Associates, Inc. Filename: Moorpark Market Tables-v4; 28; trb 155 ATTACHMENT 4 156 725 South Figueroa Street, Suite 200 Los Angeles, CA 90017 Phone: (213) 488-4300 Fax: CLTA Preliminary Report Form – Modified (11/17/06) Page 1 Issuing Policies of Chicago Title Insurance Company ORDER NO.: 00067618-997-BS5-MM7 Summer Land Partners Group, Inc 12725 Ventura Blvd.D Studio City, CA 91604 ATTN: Manny Kozar Email: slpg888@gmail.com Ref: Sky Line 66 Escrow/Customer Phone: (213) 488-4300 Title Officer: Manny Castillo Title Officer Phone: (213) 612-4108 Title Officer Fax: (213) 612-4152 Title Officer Email: manny.castillo@ctt.com PROPERTY: VACANT LAND, MOORPARK, CA PRELIMINARY REPORT In response to the application for a policy of title insurance referenced herein, Chicago Title Company hereby reports that it is prepared to issue, or cause to be issued, as of the date hereof, a policy or policies of title insurance describing the land and the estate or interest therein hereinafter set forth, insuring against loss which may be sustained by reason of any defect, lien or encumbrance not shown or referred to as an exception herein or not excluded from coverage pursuant to the printed Schedules, Conditions and Stipulations or Conditions of said policy forms. The printed Exceptions and Exclusions from the coverage and Limitations on Covered Risks of said policy or policies are set forth in Attachment One. The policy to be issued may contain an arbitration clause. When the Amount of Insurance is less than that set forth in the arbitration clause, all arbitrable matters shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the parties. Limitations on Covered Risks applicable to the CLTA and ALTA Homeowner’s Policies of Title Insurance which establish a Deductible Amount and a Maximum Dollar Limit of Liability for certain coverages are also set forth in Attachment One. Copies of the policy forms should be read. They are available from the office which issued this report. This report (and any supplements or amendments hereto) is issued solely for the purpose of facilitating the issuance of a policy of title insurance and no liability is assumed hereby. If it is desired that liability be assumed prior to the issuance of a policy of title insurance, a Binder or Commitment should be requested. The policy(s) of title insurance to be issued hereunder will be policy(s) of Chicago Title Insurance Company, a Nebraska Corporation. Please read the exceptions shown or referred to herein and the exceptions and exclusions set forth in Attachment One of this report carefully. The exceptions and exclusions are meant to provide you with notice of matters which are not covered under the terms of the title insurance policy and should be carefully considered. It is important to note that this preliminary report is not a written representation as to the condition of title and may not list all liens, defects and encumbrances affecting title to the land. Chicago Title Company By: Authorized Signature ATTACHMENT 5 157 725 South Figueroa Street, Suite 200 Los Angeles, CA 90017 Phone: (213) 488-4300 Fax: CLTA Preliminary Report Form – Modified (11/17/06) Page 2 PRELIMINARY REPORT EFFECTIVE DATE: October 25, 2019 at 7:30 a.m. ORDER NO.: 00067618-997-BS5-MM7 The form of policy or policies of title insurance contemplated by this report is: DRE 1. THE ESTATE OR INTEREST IN THE LAND HEREINAFTER DESCRIBED OR REFERRED TO COVERED BY THIS REPORT IS: A FEE 2. TITLE TO SAID ESTATE OR INTEREST AT THE DATE HEREOF IS VESTED IN: SKY LINE 66, LLC., a California limited liability company 3. THE LAND REFERRED TO IN THIS REPORT IS DESCRIBED AS FOLLOWS: See Exhibit A attached hereto and made a part hereof. 158 PRELIMINARY REPORT Chicago Title Company YOUR REFERENCE: Sky Line 66 ORDER NO.: 00067618-997-BS5-MM7 CLTA Preliminary Report Form – Modified (11/17/06) Page 3 EXHIBIT “A” LEGAL DESCRIPTION THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF MOORPARK, IN THE COUNTY OF VENTURA, STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS: PART OF LOT P AS THE SAME IS DESIGNATED AND DELINEATED UPON THAT CERTAIN MAP ENTITLED, MAP OF A PART OF TRACT L OF THE RANCHO SIMI, IN THE CITY OF MOORPARK, COUNTY OF VENTURA, STATE OF CALIFORNIA, SHOWING THE TOWNSITE OF MOORPARK AND LANDS OF MADELEINE R. POINDEXTER RECORDED IN BOOK 5, PAGE 5 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY AND MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE INTERSECTION OF THE SOUTHERLY PROLONGATION OF THE MOST EASTERLY LINE OF TRACT NO. 1240 AS PER MAP RECORDED IN BOOK 30, PAGE 56 OF MAPS, WITH THE CENTERLINE OF LOS ANGELES AVENUE, 60 FEET WIDE, AS SAID AVENUE IS SHOWN ON LAST MENTIONED MAP; THENCE ALONG SAID SOUTHERLY PROLONGATION. 1ST: NORTH 0° 04' EAST 429.99 FEET MORE OR LESS TO THE SOUTHEASTERLY CORNER OF SAID TRACT NO. 1240, BEING THE SOUTHEASTERLY CORNER OF LOT 44 OF SAID TRACT NO 1240; THENCE ALONG THE SOUTHERLY LINE OF SAID TRACT, 2ND: NORTH 89° 59' 15'' WEST 470.67 FEET TO THE NORTHEASTERLY CORNER OF LOT 51 OF SAID TRACT NO. 1240; THENCE ALONG THE EASTERLY LINE AND SOUTHERLY PROLONGATION THEREOF. 3RD: SOUTH 0º 04' WEST 429.99 FEET TO THE SAID CENTERLINE OF LOS ANGELES AVENUE; THENCE ALONG SAID CENTERLINE, 4TH: SOUTH 89° 59' 15'' EAST 470.67 FEET TO THE POINT OF BEGINNING. EXCEPT THEREFROM THE INTEREST CONVEYED TO THE COUNTY OF VENTURA BY DEED RECORDED JUNE 6, 1889 IN BOOK 28 PAGE 190 DEEDS, AND BY DEED RECORDED NOVEMBER 8, 1900 IN BOOK 68 PAGE 316 DEEDS. ALSO EXCEPT THEREFROM THAT PORTION OF SAID LAND DESCRIBED IN A DEED TO THE CITY OF MOORPARK, RECORDED AUGUST 12, 1988 AS INSTRUMENT NO. 88-115140 OFFICIAL RECORDS. APN: 511-0-141-130 159 PRELIMINARY REPORT Chicago Title Company YOUR REFERENCE: Sky Line 66 ORDER NO.: 00067618-997-BS5-MM7 CLTA Preliminary Report Form – Modified (11/17/06) Page 4 EXCEPTIONS AT THE DATE HEREOF, ITEMS TO BE CONSIDERED AND EXCEPTIONS TO COVERAGE IN ADDITION TO THE PRINTED EXCEPTIONS AND EXCLUSIONS IN SAID POLICY FORM WOULD BE AS FOLLOWS: A. Taxes, bonds and assessments not covered by this report for the fiscal year 2018-2019 Parcel No.: 511-0-141-130 Tax Area Code: 10-067 1. Water rights, claims or title to water, whether or not disclosed by the public records. 2. This exception is intentionally deleted. 3. Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Southern California Edison Company Purpose: public utilities Recording Date: December 2, 1960 Recording No: Book 1935, Page 222 Official Records Affects: that portion of said land described therein 4. The Land described herein is included within a project area of the Redevelopment Agency shown below, and that proceedings for the redevelopment of said project have been instituted under the Redevelopment Law (such redevelopment to proceed only after the adoption of the Redevelopment Plan) as disclosed by a document. Redevelopment Agency: City of Moorpark Recording Date: July 12, 1989 Recording No: 89-108897 Official Records 5. Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: City of Moorpark Purpose: storm drainage and all necessary appurtenances Recording Date: April 5, 1993 Recording No: 93-079359 Official Records Affects: a portion of said land 6. An instrument entitled Covenant and Agreement Executed by: Roger C. Gisler, Trustee of The Charles J. Gisler Family Trust In favor of: City of Moorpark Recording Date: May 21, 1997 Recording No: 97-063132 Official Records Reference is hereby made to said document for full particulars. This covenant and agreement provides that it shall be binding upon any future owners, encumbrancers, their successors or assigns, and shall continue in effect until the advisory agency approves termination. 160 PRELIMINARY REPORT Chicago Title Company YOUR REFERENCE: Sky Line 66 ORDER NO.: 00067618-997-BS5-MM7 EXCEPTIONS (Continued) CLTA Preliminary Report Form – Modified (11/17/06) Page 5 7. Matters contained in that certain document Entitled: Calleguas Municipal Water District Capital Construction Charge Agreement Recording Date: April 19, 2000 Recording No: 2000-64962 Official Records Reference is hereby made to said document for full particulars. 8. Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Southern California Edison Company Purpose: public utilities Recording Date: July 25, 2000 Recording No: 2000-116854 Official Records Affects: said land 9. Matters contained in that certain document Entitled: Easement Agreement Dated: September 01, 2011 Executed by: Mission Bell West, LP, a California limited partnership and the City of Moorpark, a municipal corporation Recording Date: October 13, 2011 Recording No: 20111013-00152643-0 Official Records Reference is hereby made to said document for full particulars. Matters contained in that certain document Entitled: Amendment to Easement Agreement Recording Date: August 08, 2016 Recording No: 20160808-00111686-0 Official Records Reference is hereby made to said document for full particulars. Matters contained in that certain document Entitled: Second Amendment to Easement Agreement Recording Date: November 24, 2017 Recording No: 20171124-00152630-0 Official Records Reference is hereby made to said document for full particulars. 10. A deed of trust to secure an indebtedness in the amount shown below, Amount: $18,375,000.00 Dated: August 25, 2014 Trustor/Grantor Sky Line 66, LLC., a California limited liability company Trustee: Chicago Title Company Beneficiary: Hankey Capital, LLC, a California limited liability company Recording Date: September 11, 2014 Recording No: 20140911-00114329-0 Official Records 161 PRELIMINARY REPORT Chicago Title Company YOUR REFERENCE: Sky Line 66 ORDER NO.: 00067618-997-BS5-MM7 EXCEPTIONS (Continued) CLTA Preliminary Report Form – Modified (11/17/06) Page 6 11. A deed of trust to secure an indebtedness in the amount shown below, Amount: $3,825,000.00 Dated: September 04, 2014 Trustor/Grantor Sky Line 66, LLC., a California limited liability company Trustee: Chicago Title Company Beneficiary: Hankey Investment Company, LP, a California limited partnership Recording Date: September 11, 2014 Recording No: 20140911-00114330-0 Official Records 12. Matters contained in that certain document Entitled: Memorandum of Agreement Recording Date: March 7, 2017 Recording No: 20170307-00032355-0, Official Records Reference is hereby made to said document for full particulars. 13. Any matters which may be disclosed by an inspection, by survey and/or inquiry of the parties in possession thereof and any rights of parties based on any unrecorded lease or leases. PLEASE REFER TO THE “INFORMATIONAL NOTES” AND “REQUIREMENTS” SECTIONS WHICH FOLLOW FOR INFORMATION NECESSARY TO COMPLETE THIS TRANSACTION. END OF EXCEPTIONS 162 PRELIMINARY REPORT Chicago Title Company YOUR REFERENCE: Sky Line 66 ORDER NO.: 00067618-997-BS5-MM7 CLTA Preliminary Report Form – Modified (11/17/06) Page 7 REQUIREMENTS SECTION 1. The Company will require the following documents for review prior to the issuance of any title insurance predicated upon a conveyance or encumbrance from the entity named below: Limited Liability Company: Sky Line 66, LLC., a California limited liability company a) A copy of its operating agreement, if any, and any and all amendments, supplements and/or modifications thereto, certified by the appropriate manager or member b) If a domestic Limited Liability Company, a copy of its Articles of Organization and all amendments thereto with the appropriate filing stamps c) If the Limited Liability Company is member-managed, a full and complete current list of members certified by the appropriate manager or member d) If the Limited Liability Company was formed in a foreign jurisdiction, evidence, satisfactory to the Company, that it was validly formed, is in good standing and authorized to do business in the state of origin e) If less than all members, or managers, as appropriate, will be executing the closing documents, furnish evidence of the authority of those signing. The Company reserves the right to add additional items or make further requirements after review of the requested documentation. END OF REQUIREMENTS 163 PRELIMINARY REPORT Chicago Title Company YOUR REFERENCE: Sky Line 66 ORDER NO.: 00067618-997-BS5-MM7 CLTA Preliminary Report Form – Modified (11/17/06) Page 8 INFORMATIONAL NOTES SECTION 1. No known matters otherwise appropriate to be shown have been deleted from this report, which is not a policy of title insurance but a report to facilitate the issuance of a policy of title insurance. For the purposes of policy issuance, items, if any, which may be eliminated on the basis of an indemnity agreement or other agreement satisfactory to the Company are as follows: NONE 2. Note: The policy of title insurance will include an arbitration provision. The Company or the insured may demand arbitration. Arbitrable matters may include, but are not limited to, any controversy or claim between the Company and the insured arising out of or relating to this policy, any service of the Company in connection with its issuance or the breach of a policy provision or other obligation. Please ask your escrow or title officer for a sample copy of the policy to be issued if you wish to review the arbitration provisions and any other provisions pertaining to your Title Insurance coverage. 3. Notice: Please be aware that due to the conflict between federal and state laws concerning the cultivation, distribution, manufacture or sale of marijuana, the Company is not able to close or insure any transaction involving Land that is associated with these activities. 4. Pursuant to Government Code Section 27388.1, as amended and effective as of 1-1-2018, a Documentary Transfer Tax (DTT) Affidavit may be required to be completed and submitted with each document when DTT is being paid or when an exemption is being claimed from paying the tax. If a governmental agency is a party to the document, the form will not be required. DTT Affidavits may be available at a Tax Assessor-County Clerk-Recorder. END OF INFORMATIONAL NOTES Manny Castillo/aag FIDELITY NATIONAL FINANCIAL, INC. PRIVACY NOTICE Fidelity National Financial, Inc. and its majority-owned subsidiary companies (collectively, “FNF,” “our,” or “we”) respect and are committed to protecting your privacy. This Privacy Notice explains how we collect, use, and protect personal information, when and to whom we disclose such information, and the choices you have about the use and disclosure of that information. Types of Information Collected We may collect two types of information from you: Personal Information and Browsing Information. Personal Information. FNF may collect the following categories of Personal Information:  contact information (e.g., name, address, phone number, email address);  demographic information (e.g., date of birth, gender, marital status);  identity information (e.g., Social Security Number, driver’s license, passport, or other government ID number);  financial account information (e.g., loan or bank account information); and  other personal information necessary to provide products or services to you. Browsing Information. FNF may automatically collect the following types of Browsing Information when you access an FNF website, online service, or application (each an “FNF Website”) from your Internet browser, computer, and/or mobile device:  Internet Protocol (IP) address and operating system;  browser version, language, and type;  domain name system requests; and  browsing history on the FNF Website, such as date and time of your visit to the FNF Website and visits to the pages within the FNF Website How Personal Information is Collected We may collect Personal Information about you from: 164 PRELIMINARY REPORT Chicago Title Company YOUR REFERENCE: Sky Line 66 ORDER NO.: 00067618-997-BS5-MM7 INFORMATIONAL NOTES (Continued) CLTA Preliminary Report Form – Modified (11/17/06) Page 9  information we receive from you on applications or other forms;  information about your transactions with FNF, our affiliates, or others; and  information we receive from consumer reporting agencies and/or governmental entities, either directly from these entities or through others. How Browsing Information is Collected If you visit or use an FNF Website, Browsing Information may be collected during your visit. Like most websites, our servers automatically log each visitor to the FNF Website and may collect the Browsing Information described above. We use Browsing Information for system administration, troubleshooting, fraud investigation, and to improve our websites. Browsing Information generally does not reveal anything personal about you, though if you have created a user account for an FNF Website and are logged into that account, the FNF Website may be able to link certain browsing activity to your user account. Other Online Specifics Cookies. When you visit an FNF Website, a “cookie” may be sent to your computer. A cookie is a small piece of data that is sent to your Internet browser from a web server and stored on your computer’s hard drive. Information gathered using cookies helps us improve your user experience. For example, a cookie can help the website load properly or can customize the display page based on your browser type and user preferences. You can choose whether or not to accept cookies by changing your Internet browser settings. Be aware that doing so may impair or limit some functionality of the FNF Website. Web Beacons. We use web beacons to determine when and how many times a page has been viewed. This information is used to improve our websites. Do Not Track. Currently our FNF Websites do not respond to “Do Not Track” features enabled through your browser. Links to Other Sites. FNF Websites may contain links to other websites. FNF is not responsible for the privacy practices or the content of any of those other websites. We advise you to read the privacy policy of every website you visit. Use of Personal Information FNF uses Personal Information for three main purposes:  To provide products and services to you or in connection with a transaction involving you.  To improve our products and services.  To communicate with you about our, our affiliates’, and third parties’ products and services, jointly or independently. When Information Is Disclosed We may make disclosures of your Personal Information and Browsing Information in the following circumstances:  to enable us to detect or prevent criminal activity, fraud, material misrepresentation, or nondisclosure;  to nonaffiliated service providers who provide or perform services or functions on our behalf and who agree to use the information only to provide such services or functions;  to nonaffiliated third party service providers with whom we perform joint marketing, pursuant to an agreement with them to jointly market financial products or services to you;  to law enforcement or authorities in connection with an investigation, or in response to a subpoena or court order; or  in the good-faith belief that such disclosure is necessary to comply with legal process or applicable laws, or to protect the rights, property, or safety of FNF, its customers, or the public. The law does not require your prior authorization and does not allow you to restrict the disclosures described above. Additionally, we may disclose your information to third parties for whom you have given us authorization or consent to make such disclosure. We do not otherwise share your Personal Information or Browsing Information with nonaffiliated third parties, except as required or permitted by law. We reserve the right to transfer your Personal Information, Browsing Information, and any other information, in connection with the sale or other disposition of all or part of the FNF business and/or assets, or in the event of bankruptcy, reorganization, insolvency, receivership, or an assignment for the benefit of creditors. By submitting Personal Information and/or Browsing Information to FNF, you expressly agree and consent to the use and/or transfer of the foregoing information in connection with any of the above described proceedings. Please see “Choices With Your Information” to learn the disclosures you can restrict. Security of Your Information We maintain physical, electronic, and procedural safeguards to guard your Personal Information. We limit access to nonpublic personal information about you to employees who need to know that information to do their job. When we provide Personal Information to others as discussed in this Privacy Notice, we expect that they process such information in compliance with our Privacy Notice and in compliance with applicable privacy laws. Choices With Your Information 165 PRELIMINARY REPORT Chicago Title Company YOUR REFERENCE: Sky Line 66 ORDER NO.: 00067618-997-BS5-MM7 INFORMATIONAL NOTES (Continued) CLTA Preliminary Report Form – Modified (11/17/06) Page 10 If you do not want FNF to share your information with our affiliates to directly market to you, you may send an “opt out” req uest by email, phone, or physical mail as directed at the end of this Privacy Notice. We do not share your Personal Information with nonaffiliates for their use to direct market to you. Whether you submit Personal Information or Browsing Information to FNF is entirely up to you. If you decide not to submit Personal Information or Browsing Information, FNF may not be able to provide certain services or products to you. For California Residents: We will not share your Personal Information and Browsing Information with nonaffiliated third parties, except as permitted by California law. For Nevada Residents: You may be placed on our internal Do Not Call List by calling (888) 934-3354 or by contacting us via the information set forth at the end of this Privacy Notice. Nevada law requires that we also provide you with the following contact information: Bureau of Consumer Protection, Office of the Nevada Attorney General, 555 E. Washington St., Suite 3900, Las Vegas, NV 89101; Phone number: (702) 486-3132; email: BCPINFO@ag.state.nv.us. For Oregon Residents: We will not share your Personal Information and Browsing Information with nonaffiliated third parties for marketing purposes, except after you have been informed by us of such sharing and had an opportunity to indicate that you do not want a disclosure made for marketing purposes. For Vermont Residents: We will not share information about your creditworthiness to our affiliates and will not disclose your personal information, financial information, credit report, or health information to nonaffiliated third parties to market to you, other than as permitted by Vermont law, unless you authorize us to make those disclosures. Information From Children The FNF Websites are meant for adults and are not intended or designed to attract persons under the age of eighteen (18).We do not collect Personal Information from any person that we know to be under the age of thirteen (13) without permission from a parent or guardian. International Users FNF’s headquarters is located within the United States. If you reside outside the United States and choose to provide Personal Information or Browsing Information to us, please note that we may transfer that information outside of your country of residence for any of the purposes described in this Privacy Notice. By providing FNF with your Personal Information and/or Browsing Information, you consent to our collection, transfer, and use of such information in accordance with this Privacy Notice. FNF Website Services for Mortgage Loans Certain FNF companies provide services to mortgage loan servicers, including hosting websites that collect customer information on behalf of mortgage loan servicers (the “Service Websites”). The Service Websites may contain links to both this Privacy Notice and the mortgage loan servicer or lender’s privacy notice. The sections of this Privacy Notice titled When Information is Disclosed, Choices with Your Information, and Accessing and Correcting Information do not apply to the Service Websites. The mortgage loan servicer or lender’s privacy notice govern s use, disclosure, and access to your Personal Information. FNF does not share Personal Information collected through the Service Websites, except (1) as required or authorized by contract with the mortgage loan servicer or lender, or (2) as required by law or in the good-faith belief that such disclosure is necessary to comply with a legal process or applicable law, to enforce this Privacy Notice, or to protect the rights, property, or safety of FNF or the public. Your Consent To This Privacy Notice; Notice Changes By submitting Personal Information and/or Browsing Information to FNF, you consent to the collection and use of the information in accordance with this Privacy Notice. We may change this Privacy Notice at any time. The revised Privacy Notice, showing the new revision date, will be posted on the FNF Website. Each time you provide information to us following any amendment of this Privacy Notice, your provision of information to us will signify your assent to and acceptance of the terms of the revised Privacy Notice for all previously collected information and information collected from you in the future. We may use comments, information or feedback that you submit to us in any manner that we may choose without notice or compensation to you. Accessing and Correcting Information; Contact Us If you have questions, would like to access or correct your Personal Information, or want to opt-out of information sharing for affiliate marketing, send your requests via email to privacy@fnf.com, by phone to (888) 934-3354, or by mail to: Fidelity National Financial, Inc. 601 Riverside Avenue Jacksonville, Florida 32204 Attn: Chief Privacy Officer 166 Notice of Available Discounts Pursuant to Section 2355.3 in Title 10 of the California Code of Regulations Fidelity National Financial, Inc. and its subsidiaries (“FNF”) must deliver a notice of each discount available under our current rate filing along with the delivery of escrow instructions, a preliminary report or commitment. Please be aware that the provision of this notice does not constitute a waiver of the consu mer’s right to be charged the field rate. As such, your transaction may not qualify for the below discounts. You are encouraged to discuss the applicability of one or more of the below discounts with a Company representative. These discounts are generally described below; consult the rate manual for a full description of the terms, conditions and requirements for each discount. These discounts only apply to transaction involving services rendered by the FNF Family of Companies. This notice only applies to transactions involving property improved with a one-to-four family residential dwelling. FNF Underwritten Title Company FNF Underwriter CTC - Chicago Title Company CTIC - Chicago Title Insurance Company Available Discounts CREDIT FOR PRELIMINARY REPORTS AND/OR COMMITMENTS ON SUBSEQUENT POLICIES (CTIC) Where no major change in the title has occurred since the issuance of the original report or commitment, the order may be reopened within 12 months and all or a portion of the charge previously paid for the report or commitment may be credited on a subsequent policy charge within the following time period from the date of the report. DISASTER LOANS (CTIC) The charge for a lender’s Policy (Standard or Extended coverage) covering the financing or refinancing by an owner of record, within 24 months of the date of a declaration of a disaster area by the government of the United States or the State of California on any land located in said area, which was partially or totally destroyed in the disaster, will be 50% of the appropriate title insurance rate. CHURCHES OR CHARITABLE NON-PROFIT ORGANIZATIONS (CTIC) On properties used as a church or for charitable purposes within the scope of the normal activities of such entities, provided said charge is normally the church’s obligation the charge for an owner’s policy shall be 50% to 70% of the appropriate title insurance rate, depending on the type of coverage selected. The charge for a lender’s policy shall be 40% to 50% of the appropriate title ins urance rate, depending on the type of coverage selected. EMPLOYEE RATE (CTC and CTIC) No charge shall be made to employees (including employees on approved retirement) of the Company or its underwritten, subsidiary title companies for policies or escrow services in connection with financing, refinancing, sale or purchase of the employees’ bona fide home property. Waiver of such charges is authorized only in connection with those costs which the employee would be obligated to pay, by established custom, as a party to the transaction. 167 Attachment One (6-5-14) CA & NV ATTACHMENT ONE CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY – 1990 EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, costs, attorneys' fees or expenses which arise by reason of: 1. (a) Any law, ordinance or governmental regulation (including but not limited to building or zoning laws, ordinances, or regulations) restricting, regulating, prohibiting or relating (i) the occupancy, use, or enjoyment of the land; (ii) the character, dimensions or location of any improvement now or hereafter erected on the land; (iii) a separation in ownership or a change in the dimensions or area of the land or any parcel of which the land is or was a part; or (iv) environmental protection, or the effect of any violation of these laws, ordinances or governmental regulations, except to the extent that a notice of the enforcement thereof or a notice of a defect, lien, or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. (b) Any governmental police power not excluded by (a) above, except to the extent that a notice of the exercise thereof or notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy, but not excluding from coverage any taking which has occurred prior to Date of Policy which would be binding on the rights of a purchaser for value without knowledge. 3. Defects, liens, encumbrances, adverse claims or other matters: (a) whether or not recorded in the public records at Date of Policy, but created, suffered, assumed or agreed to by the insured claimant; (b) not known to the Company, not recorded in the public records at Date of Policy, but known to the insured claimant and not disclosed in writing to the Company by the insured claimant prior to the date the insured claimant became an insured under this policy; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy; or (e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the insured mortgage or for the estate or interest insured by this policy. 4. Unenforceability of the lien of the insured mortgage because of the inability or failure of the insured at Date of Policy, or the inability or failure of any subsequent owner of the indebtedness, to comply with the applicable doing business laws of the state in which the land is situated. 5. Invalidity or unenforceability of the lien of the insured mortgage, or claim thereof, which arises out of the transaction evidenced by the insured mortgage and is based upon usury or any consumer credit protection or truth in lending law. 6. Any claim, which arises out of the transaction vesting in the insured the estate of interest insured by this policy or the transaction creating the interest of the insured lender, by reason of the operation of federal bankruptcy, state insolvency or similar creditors' rights laws. EXCEPTIONS FROM COVERAGE - SCHEDULE B, PART I This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which arise by reason of: 1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records. Proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the public records. 2. Any facts, rights, interests, or claims which are not shown by the public records but which could be ascertained by an inspection of the land or which may be asserted by persons in possession thereof. 3. Easements, liens or encumbrances, or claims thereof, not shown by the public records. 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey would disclose, and which are not shown by the public records. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b) or (c) are shown by the public record s. 6. Any lien or right to a lien for services, labor or material not shown by the public records. CLTA HOMEOWNER'S POLICY OF TITLE INSURANCE (12-02-13) ALTA HOMEOWNER'S POLICY OF TITLE INSURANCE EXCLUSIONS In addition to the Exceptions in Schedule B, You are not insured against loss, costs, attorneys' fees, and expenses resulting from: 1. Governmental police power, and the existence or violation of those portions of any law or government regulation concerning: a. building; b. zoning; c. land use; d. improvements on the Land; e. land division; and f. environmental protection. This Exclusion does not limit the coverage described in Covered Risk 8.a., 14, 15, 16, 18, 19, 20, 23 or 27. 2. The failure of Your existing structures, or any part of them, to be constructed in accordance with applicable building codes. This Exclusion does not limit the coverage described in Covered Risk 14 or 15. 3. The right to take the Land by condemning it. This Exclusion does not limit the coverage described in Covered Risk 17. 4. Risks: a. that are created, allowed, or agreed to by You, whether or not they are recorded in the Public Records; b. that are Known to You at the Policy Date, but not to Us, unless they are recorded in the Public Records at the Policy Date ; 168 Attachment One (6-5-14) CA & NV c. that result in no loss to You; or d. that first occur after the Policy Date - this does not limit the coverage described in Covered Risk 7, 8.e., 25, 26, 27 or 28. 5. Failure to pay value for Your Title. 6. Lack of a right: a. to any land outside the area specifically described and referred to in paragraph 3 of Schedule A; and b. in streets, alleys, or waterways that touch the Land. This Exclusion does not limit the coverage described in Covered Risk 11 or 21. 7. The transfer of the Title to You is invalid as a preferential transfer or as a fraudulent transfer or conveyance under federal bankruptcy, state insolvency, or similar creditors’ rights laws. 8. Contamination, explosion, fire, flooding, vibration, fracturing, earthquake, or subsidence. 9. Negligence by a person or an Entity exercising a right to extract or develop minerals, water, or any other substances. LIMITATIONS ON COVERED RISKS Your insurance for the following Covered Risks is limited on the Owner’s Coverage Statement as follows:  For Covered Risk 16, 18, 19, and 21 Your Deductible Amount and Our Maximum Dollar Limit of Liability shown in Schedule A. The deductible amounts and maximum dollar limits shown on Schedule A are as follows: Your Deductible Amount Our Maximum Dollar Limit of Liability Covered Risk 16: 1.00% % of Policy Amount Shown in Schedule A or $2,500.00 (whichever is less) $ 10,000.00 Covered Risk 18: 1.00% % of Policy Amount Shown in Schedule A or $5,000.00 (whichever is less) $ 25,000.00 Covered Risk 19: 1.00% of Policy Amount Shown in Schedule A or $5,000.00 (whichever is less) $ 25,000.00 Covered Risk 21: 1.00% of Policy Amount Shown in Schedule A or $2,500.00 (whichever is less) $ 5,000.00 2006 ALTA LOAN POLICY (06-17-06) EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of: 1. (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (i) the occupancy, use, or enjoyment of the Land; (ii) the character, dimensions, or location of any improvement erected on the Land; (iii) the subdivision of land; or (iv) environmental protection; or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit the coverage provided under Covered Risk 5. (b) Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed, or agreed to by the Insured Claimant; (b) not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c) resulting in no loss or damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under Covered Risk 11, 13 or 14); or (e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Insured Mortgag e. 4. Unenforceability of the lien of the Insured Mortgage because of the inability or failure of an Insured to comply with applicable doing-business laws of the state where the Land is situated. 5. Invalidity or unenforceability in whole or in part of the lien of the Insured Mortgage that arises out of the transaction evidenced by the Insured Mortgage and is based upon usury or any consumer credit protection or truth-in-lending law. 6. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights laws, that the tr ansaction creating the lien of the Insured Mortgage, is (a) a fraudulent conveyance or fraudulent transfer, or (b) a preferential transfer for any reason not stated in Covered Risk 13(b) of this policy. 7. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the Insured Mortgage in the Public Records. This Exclusion does not modify or limit the coverage provided under Covered Risk 11(b). The above policy form may be issued to afford either Standard Coverage or Extended Coverage. In addition to the above Exclusions from Coverage, the Exceptions from Coverage in a Standard Coverage policy will also include the following Exceptions from Coverage: EXCEPTIONS FROM COVERAGE (Except as provided in Schedule B - Part II,( t(or T)his policy does not insure against loss or damage, and the Company will not pay costs, attorneys’ fees or expenses, that arise by reason of: 169 Attachment One (6-5-14) CA & NV (PART I (The above policy form may be issued to afford either Standard Coverage or Extended Coverage. In addition to the above Exclusions from Coverage, the Exceptions from Coverage in a Standard Coverage policy will also include the following Exceptions from Coverage: 1. (a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public Records. 2. Any facts, rights, interests, or claims that are not shown by the Public Records but that could be ascertained by an inspection of the Land or that may be asserted by persons in possession of the Land. 3. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records. 4. Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land and not shown by the Public Records. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b), or (c) are shown by the Public Records. 6. Any lien or right to a lien for services, labor or material not shown by the Public Records. PART II In addition to the matters set forth in Part I of this Schedule, the Title is subject to the following matters, and the Company insures against loss or damage sustained in the event that they are not subordinate to the lien of the Insured Mortgage:) 2006 ALTA OWNER’S POLICY (06-17-06) EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of: 1. (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (i) the occupancy, use, or enjoyment of the Land; (ii) the character, dimensions, or location of any improvement erected on the Land; (iii) the subdivision of land; or (iv) environmental protection; or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit the coverage provided under Covered Risk 5. (b) Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed, or agreed to by the Insured Claimant; (b) not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c) resulting in no loss or damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under Covered Risk 9 and 10); or (e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title. 4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights laws, th at the transaction vesting the Title as shown in Schedule A, is (a) a fraudulent conveyance or fraudulent transfer; or (b) a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 5. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. The above policy form may be issued to afford either Standard Coverage or Extended Coverage. In addition to the above Exclusions from Coverage, the Exceptions from Coverage in a Standard Coverage policy will also include the following Exceptions from Coverage: EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage, and the Company will not pay costs, attorneys’ fees or expenses, that arise by reason of: (The above policy form may be issued to afford either Standard Coverage or Extended Coverage. In addition to the above Exclusions from Coverage, the Exceptions from Coverage in a Standard Coverage policy will also include the following Exceptions from Coverage: 1. (a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public Records. 2. Any facts, rights, interests, or claims that are not shown in the Public Records but that could be ascertained by an inspection of the Land or that may be asserted by persons in possession of the Land. 3. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records. 4. Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land and that are not shown by the Public Records. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b), or (c) are shown by the Public Records. 6. Any lien or right to a lien for services, labor or material not shown by the Public Records. 7. (Variable exceptions such as taxes, easements, CC&R’s, etc. shown here.) 170 Attachment One (6-5-14) CA & NV ALTA EXPANDED COVERAGE RESIDENTIAL LOAN POLICY (12-02-13) EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, costs, atto rneys’ fees or expenses which arise by reason of: 1. (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (i) the occupancy, use, or enjoyment of the Land; (ii) the character, dimensions, or location of any improvement erected on the Land; (iii) the subdivision of land; or (iv) environmental protection; or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit the coverage provided under Covered Risk 5, 6, 13(c), 13(d), 14 or 16. (b) Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 5, 6, 13(c), 13(d), 14 or 16. 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed, or agreed to by the Insured Claimant; (b) not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c) resulting in no loss or damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under Covered Risk 11, 16, 17, 18, 19, 20, 21, 22, 23, 24, 27 or 28); or (e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Insured Mortgage. 4. Unenforceability of the lien of the Insured Mortgage because of the inability or failure of an Insured to comply with applicable doing-business laws of the state where the Land is situated. 5. Invalidity or unenforceability in whole or in part of the lien of the Insured Mortgage that arises out of the transaction evidenced by the Insured Mortgage and is based upon usury, or any consumer credit protection or truth-in-lending law. This Exclusion does not modify or limit the coverage provided in Covered Risk 26. 6. Any claim of invalidity, unenforceability or lack of priority of the lien of the Insured Mortgage as to Advances or modifications made after the Insured has Knowledge that the vestee shown in Schedule A is no longer the owner of the estate or interest covered by this policy. This Exclusion does not modify or limit the coverage provided in Covered Risk 11. 7. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching subsequent to Date of Policy. This Exclusion does not modify or limit the coverage provided in Covered Risk 11(b) or 25. 8. The failure of the residential structure, or any portion of it, to have been constructed before, on or after Date of Policy in accordance with applicable building codes. This Exclusion does not modify or limit the coverage provided in Covered Risk 5 or 6. 9. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights laws, t hat the transaction creating the lien of the Insured Mortgage, is (a) a fraudulent conveyance or fraudulent transfer, or (b) a preferential transfer for any reason not stated in Covered Risk 27(b) of this policy. 10. Contamination, explosion, fire, flooding, vibration, fracturing, earthquake, or subsidence. 11. Negligence by a person or an Entity exercising a right to extract or develop minerals, water, or any other substances. 171 172 ATTACHMENT 6 RESOLUTION NO. 2020-____ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, ADOPTING A NEGATIVE DECLARATION AND APPROVING GENERAL PLAN AMENDMENT NO. 2014-01 FOR A CHANGE OF LAND USE DESIGNATION FROM GENERAL COMMERCIAL (C-2) TO VERY HIGH RESIDENTIAL DENSITY (VH) FOR A 69 UNIT MULTI-FAMILY RESIDENTIAL CONDOMINIUM DEVELOPMENT, RECREATION CENTER, AND ASSOCIATED SITE IMPROVEMENTS AT 635 LOS ANGELES AVENUE, ON THE APPLICATION OF MENASHE KOZAR FOR SKY LINE 66, LLC WHEREAS, on October 14, 2014, applications for General Plan Amendment No. 2014-01, Zone Change No. 2014-01, Residential Planned Development No. 2014-02, Vesting Tentative Tract Map No. 5869, and Development Agreement No. 2014-03 were filed by Menashe Kozar for Sky Line 66, LLC, for the construction of a 69 unit multi- family residential condominium development, including a recreation center and associated site improvements, located at 635 Los Angeles Avenue; and WHEREAS, on January 28, 2020, the Planning Commission adopted Resolution No. 2020-647, recommending to the City Council to adopt a Negative Declaration and conditional approval of General Plan Amendment No. 2014-01, Zone Change No. 2014- 01, Residential Planned Development No. 2014-02, Vesting Tentative Tract Map No. 5869, and Development Agreement No. 2014-03; and WHEREAS, at a duly noticed public hearing on February 19, 2020 the City Council considered the agenda report for General Plan Amendment No. 2014-01 and any supplements thereto and written public comments, opened the public hearing and took and considered public testimony both for and against the proposal, and reached a decision on this matter; and WHEREAS, the City Council has read, reviewed, and considered the proposed Negative Declaration prepared for the project referenced above together with any comments received during the public review process and determined that there is no evidence that the project or any of its aspects may cause a significant effect on the environment and a Negative Declaration has been prepared for this project. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK, DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. ENVIRONMENTAL FINDINGS: The City Council finds and declares as follows: A. The Initial Study and Negative Declaration prepared for the project are complete and have been prepared in compliance with the California Environmental Quality Act (CEQA), and the City CEQA Procedures. B. The Negative Declaration reflects the independent judgment of the City Council. 173 Resolution No. 2020-____ Page 2 SECTION 2. GENERAL PLAN AMENDMENT FINDINGS: The City Council finds and declares as follows: A. A commercial demand study was prepared and concluded that commercial use development was not viable, in favor of residential development on the subject property. B. The proposed Project will help to increase the variety of housing types within the City and will provide affordable housing units in furtherance of the City’s Housing Element. SECTION 3. ADOPTION OF NEGATIVE DECLARATION: The Negative Declaration as proposed in Exhibit A attached hereto and incorporated herein for the proposed development of a 69 unit multi-family residential condominium, including a recreation center and associated site improvements, located at 635 Los Angeles Avenue is hereby adopted. SECTION 4. APPROVAL OF GENERAL PLAN AMENDMENT: General Plan Amendment No. 2014-01 is approved, amending the General Plan Land Use Map as proposed in Exhibit B attached hereto and incorporated herein. SECTION 5. EFFECTIVE DATE: The effective date of General Plan Amendment No. 2014-01 shall be concurrent with the effective date of the Ordinance for Zone Change No. 2014-01 and the Ordinance for Development Agreement No. 2014-03, whichever occurs last. SECTION 6. CERTIFICATION OF ADOPTION: The City Clerk shall certify to the adoption of this resolution and shall cause a certified resolution to be filed in the book of original resolutions. PASSED AND ADOPTED this 19th day of February, 2020. Janice S. Parvin, Mayor ATTEST: Ky Spangler City Clerk Exhibit A: Initial Study and Negative Declaration Exhibit B: Proposed General Plan Designation 174 Resolution No. 2020-____ Page 3 EXHIBIT A INITIAL STUDY AND NEGATIVE DECLARATION 175 CITY OF MOORPARK COMMUNITY DEVELOPMENT DEPARTMENT I 799 Moorpark Avenue, Moorpark, California 93021 Main City Phone Number (805) 517-6200 I Fax (805) 532-2540 I www.moorparkca.gov NEGATIVE DECLARATION On the basis of an initial study, and in accordance with Section 15070 of the California Code of Regulations, the City of Moorpark has determined that there is no substantial evidence that the proposed project may have a significant effect on the environment. Attached is the Initial Study documenting the reasons to support the finding of no significant effect on the environment. I. PROJECT Project Title: Green Island Villas Residential Planned Development No. 2014-02; Zone Change No. 2014-01; General Planned Amendment No. 2014-01; Vesting Tentative Tract Map No. 5869 for Condominium Purposes; and Development Agreement No. 2014-03 Address: 635 Los Angeles Avenue (north of Los Angeles Avenue, east of Shasta Avenue) Assessor Parcel Number(s): 511-0-141-130 Parcel Size: 4.01 acres Applicant: Menashe "Manny" Kozar for Sky Line 66, LLC Owner: Sky Line 66, LLC General Plan Designation: General Commercial (C-2) Proposed General Plan Designation: Very High Density Residential (VH15U/AC) Zoning: Commercial Office (C-0) Proposed Zoning: Residential Planned Development (RPD17.2/AC) Responsible or Trustee Agencies: The County of Ventura and California Department of Transportation (CalTrans) Project Description: The project consists of a request to develop 69 multi-family residential condominiums, a two-story recreational center proposed to include a community clubhouse, day- care, fitness center and restrooms, an outdoor swimming pool, dog park and associated landscape and hardscape site improvements on a previously-developed 4.01-acre lot. The project includes 16 two-story residential buildings, with a total of 18 two-bedroom units and 51 three-bedroom units. Each unit will include a two-car garage. A total of 35 surface guest parking spaces will be dispersed throughout the site. Amenities include a tot-lot, recreational center with a multi-purpose room and gymnasium, and a swimming pool. Primary street access to the property is provided by Resolution No. 2020-_____ Page 4 176 California State Route 118 (Los Angeles Avenue) and residents will have secondary access to the east, through the adjacent Mission Bell Plaza shopping center. 11. STATEMENT OF ENVIRONMENTAL FINDINGS State law requires the lead agency for the proposed project, to prepare an Initial Study to determine if the proposed project could significantly impact the environment. Based on the findings contained in the attached Initial Study, it has been determined that the proposed project will not have a significant effect on the environment. 111. POTENTIALLY SIGNIFICANT ENVIRONMENTAL IMPACTS IDENTIFIED IN INITIAL STUDY: None. IV. PUBLIC REVIEW Document Posting and Comment Period: July 2, 2019 and August 6, 2019 The Initial Study was previously circulated and made available to the public and responsible agencies. Three comment letters were subsequently received from the Ventura County Air Pollution Control District; California Department of Transportation; and Ventura County Watershed Protection. None of the comments received resulted in changes to the Initial Study. V. CONSIDERATION AND APPROVAL OF THE NEGATIVE DECLARATION: Prior to approving the project, the decision-making body of the Lead Agency must consider this Negative Declaration and all comments received on the Initial Study. Those decision-makers may approve a Negative Declaration if they determine that there is no substantial evidence that the project or any of its aspects may cause a significant effect on the environment. Karen Vaughn, AICP Community Development Director Resolution No. 2020-_____ Page 5 177 N CITY OF MOORPARK 799 Moorpark Avenue, Moorpark, California 93021 Main City Phone Number (805) 517-6200 | Fax (805) 532-2205 | moorpark@moorparkca.gov | Fax (805) 532-2205 INITIAL STUDY Green Island Villas This Initial Study has been prepared in accordance with relevant provisions of the California Environmental Quality Act (CEQA) of 1970, as amended, CEQA Guidelines as revised, in accordance with Section 15063(c) of the CEQA Guidelines. Project Entitlements: Residential Planned Development No. 2014-02; Zone Change No. 2014-01; General Planned Amendment No. 2014-01; Vesting Tentative Tract Map No. 5869 for Condominium Purposes; and Development Agreement No. 2014-03 Location/Address: 635 Los Angeles Avenue (north of Los Angeles Avenue, east of Shasta Avenue) Assessor Parcel Number(s): 511-0-141-130 Parcel Size: 4.01 acres Applicant: Manny Kozar for Sky Line 66, LLC Owner: Sky Line 66, LLC Existing General Plan Designation: General Commercial (C-2) Proposed General Plan Designation: Very High Residential Density Residential (VH) Existing Zoning Designation: Commercial Office (C-O) Proposed Zoning Designation: Residential Planned Development (RPD) Responsible or Trustee Agencies: The County of Ventura and California Department of Transportation (CalTrans) Tribal Consultation Requested: YES NO Has any California Native American Tribes traditionally or culturally affiliated with the project area requested consultation pursuant to PRC Section 21080.3.1? Resolution No. 2020-_____ Page 6 178 Initial Study Green Island Villas February 14, 2020 Page 2 of 34 Project Description: The project consists of a request to develop 69 multi-family residential condominiums, a two-story recreational center proposed to include a community clubhouse, day-care, fitness center and restrooms, an outdoor swimming pool, dog park and associated landscape and hardscape site improvements on a previously-developed 4.01-acre lot. The project includes 16 two-story residential buildings, with a total of 18 two-bedroom units and 51 three-bedroom units. Each unit will include a two-car garage. A total of 35 surface guest parking spaces will be dispersed throughout the site. Amenities include a tot-lot, recreational center with a multi-purpose room and gymnasium, and a swimming pool. Primary street access to the property is provided by California State Route 118 (Los Angeles Avenue) and residents will have secondary access to the east, through the adjacent Mission Bell Plaza shopping center. Surrounding Land Uses and Setting: The unimproved 4.01-acre lot is located on the north side of Los Angeles Avenue. The Mission Bell Plaza shopping center is located to the east and single-family homes are located to the north and west. The following table provides an overview of existing land use designations on the subject property and vicinity. EXISTING LAND USES Location Existing General Plan Designation Existing Zoning Designation Existing Land Use Site General Commercial (C-2) Commercial Office (C-O) Vacant Lot North Medium Density Residential (4DU/AC) Single Family Residential (R-1-8) Detached Single Family Homes South High Density Residential (7DU/AC) Residential Planned Development (RPD 7U/AC) Vacant Lot East General Commercial (C-2) Commercial Planned Development (CPD) Mission Bell Plaza Shopping Center West Medium Density Residential (4DU/AC) Single Family Residential (R-1-8) Detached Single Family Homes Methodology for Evaluating Cumulative Impacts: The methodology used to analyze the cumulative impacts associated with the proposed project in the Initial Study was the list approach, pursuant to Section 15130(b)(1)(A) of the CEQA Guidelines. The list approach identifies all past, present, and probable future projects contributing to the related or cumulative impacts. The following pending and recently approved projects located within a five-mile radius of the proposed project have been evaluated for this Initial Study. Resolution No. 2020-_____ Page 7 179 Initial Study Green Island Villas February 14, 2020 Page 3 of 34 Pending and Recently Approved Projects within the City of Moorpark Number Project Land Use Size Status 1 Pacific Communities Single Family Residential 284 Units Approved 2 Hitch Ranch Single Family Residential /Multi-Family Residential 755 Units Proposed 3 Aldersgate Senior Housing Senior Housing Units 390 Units Approved 4 City Ventures Single Family Residential 110 Units Approved 5 John C. Chiu, FLP-N Single Family Residential Condominiums 60 Units Proposed 6 Essex Moorpark Multi-Family Residential 200 Units Approved 7 Birdsall Group, LLC Single Family Residential 21 Units Approved 8 Spring Road, LLC Condominiums 95 Units Approved 9 West Pointe Homes Single Family Residential 133 Units Proposed 10 Moorpark Hospitality (Fairfield Inn) Hotel 108 Rooms Under Construction 11 Triliad Development Movie Studio 37 acres Approved EXHIBIT 1 VICINITY MAP Location Map Resolution No. 2020-_____ Page 8 180 Initial Study Green Island Villas February 14, 2020 Page 4 of 34 Aerial Map Site Plan Resolution No. 2020-_____ Page 9 181 Initial Study Green Island Villas February 14, 2020 Page 5 of 34 ENVIRONMENTAL FACTORS POTENTIALLY AFFECTED The environmental factors checked below would be potentially affected by this project, involving at least one impact that is a “Potentially Significant Impact” or as indicated by the checklist on the following pages. Aesthetics Agriculture/Forestry Resources Air Quality Biological Resources Cultural Resources Energy Geology/Soils Greenhouse Gas Emissions Hazards & Hazardous Materials Hydrology/Water Quality Land Use/Planning Mineral Resources Noise Population/Housing Public Services Recreation Transportation Tribal Cultural Resources Utilities/Service Systems Wildfire Mandatory Findings of Significance DETERMINATION: (To be completed by the Lead Agency) On the basis of this initial evaluation: I find the proposed project COULD NOT have a significant effect on the environment and a NEGATIVE DECLARATION will be prepared. I find that although the project could have a significant effect on the environment there will not be a significant effect in this case because revisions in the project have been made or agreed to by the project proponent. A MITIGATED NEGATIVE DECLARATION will be prepared. I find that the proposed project MAY have a significant effect on the environment, and an ENVIRONMENTAL IMPACT REPORT is required. I find that the proposed project MAY have a “potentially significant impact” or “potentially significant unless mitigated” impact on the environment, but at least one effect 1) has been adequately analyzed in an earlier document pursuant to applicable legal standards, and 2) has been addressed by mitigation measures based on the earlier analysis as described on attached sheets. An ENVIRONMENTAL IMPACT REPORT is required, but it must analyze only the effects that remain to be addressed. I find that although the proposed project could have a significant effect on the environment, because all potentially significant effects (a) have been analyzed adequately in an earlier EIR or NEGATIVE DECLARATION pursuant to applicable standards, and (b) have been avoided or mitigated pursuant to that earlier EIR or NEGATIVE DECLARATION, including revisions or mitigation measures that are imposed upon the proposed project, nothing further is required. ___________________________________ February 14, 2020 Freddy A. Carrillo Associate Planner ll Resolution No. 2020-_____ Page 10 182 Initial Study Green Island Villas February 14, 2020 Page 6 of 34 Initial Study Checklist I. AESTHETICS Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact a) Have a substantial adverse effect on a scenic vista? b) Substantially damage scenic resources, including, but not limited to, trees, rock outcroppings, and historic buildings within a state scenic highway? c) In non-urbanized areas, substantially degrade the existing visual character or quality of public views of the site and its surroundings? In urbanized areas, would the project conflict with applicable zoning and/or other regulations governing scenic quality? d) Create a new source of substantial light or glare that would adversely affect daytime or nighttime views in the area? Discussion: a) The subject property is not located within a scenic viewshed, as identified in Figure 8 of the General Plan Open Space, Conservation and Recreation Element. Furthermore, the project is not located near a horizon line, as identified in General Plan – Horizon Lines (Exhibit 17). Therefore, the project will have no impact on a scenic vista. b) The subject property is not located within a designated state scenic highway. The project will remove 23 mature trees to accommodate the proposed development. Pursuant to City policy and uniformly applied development conditions, a Protected Tree Report prepared by Paul A. Lewis, dated September 15, 2014, was submitted to establish the value and condition of the trees to be removed. Conditions of approval are imposed so that the value of the removed trees will be applied to enlarge the size of proposed landscaping on the project site. Therefore, the project will have a less than significant impact related to scenic resources. c) The project site is located within an urbanized area and complies with all development standards and aesthetic requirements applicable to the proposed RPD zoning designation. Therefore, the project will have no impacts related to scenic quality. d) Uniformly applied conditions of approval will be imposed on the project, including compliance with applicable lighting regulations of the Moorpark Municipal Code (Chapter 17.30). Therefore, the project will have a less than significant impact on daytime or nighttime views in the area. Resolution No. 2020-_____ Page 11 183 Initial Study Green Island Villas February 14, 2020 Page 7 of 34 Source(s): Project Application and Exhibits (October 14, 2014), General Plan Land Use Element (1992), Moorpark Municipal Code, Title 17, Zoning and General Plan - Horizon Lines (Exhibit 17). II. AGRICULTURAL RESOURCES/FORESTRY Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact a) Convert Prime Farmland, Unique Farmland, or Farmland of Statewide Importance (Farmland), as shown on the maps prepared pursuant to the Farmland Mapping and Monitoring Program of the California Resources Agency, to nonagricultural use? b) Conflict with existing zoning for agricultural use, or a Williamson Act contract? c) Conflict with existing zoning for, or cause rezoning of, forest land (as defined in Public Resources Code Section 12220(g)); timberland (as defined by Public Resources Code Section 4526); or timberland zoned Timberland Production (as defined by Government Code Section 51104(g))? d) Result in the loss of forest land or conversion of forest land to non-forest use? e) Involve other changes in the existing environment which, due to their location or nature, could result in conversion of Farmland, to non-agricultural use or conversion of forest land to non-forest use? Discussion: a) Pursuant to Exhibit 6 of the General Plan – Important Farmlands Inventory Map and the 2006 Ventura County Important Farmland Map, the subject property and vicinity are not identified as Prime Farmland, Unique Farmland, or Farmland of Statewide. Therefore, the proposed project will have no impacts on agricultural resources. b) The subject property is not zoned for agriculture or commercial farming, nor is it subject to a Williamson Act Agreement. Therefore, the proposed project will have no impacts on any existing agricultural zoning or properties secured by the Williamson Act. c) The subject property is a vacant lot surrounded by urban uses. It is not zoned for forest land or timberland as identified in the Public Resources Code, or timberland production identified in the Government Code. Therefore, the proposed project will have no impacts on forest land or timberland. d) No forest land exists on the project site, therefore no impacts to or conversion of forest land would occur. Resolution No. 2020-_____ Page 12 184 Initial Study Green Island Villas February 14, 2020 Page 8 of 34 e) Pursuant to Exhibit 6 of the General Plan and the Ventura County Important Farmland Map referenced above, the subject property is surrounded by urban uses and is not within the vicinity of designated farmland or forests. Therefore, the proposed development of the subject property will not result in the conversion of farmland or forests. Source(s): Project Application and Exhibits (October 14, 2014), California Department of Conservation: Ventura County Important Farmland Map (2006). General Plan - Important Farmlands Inventory (Exhibit 6). III. AIR QUALITY The City of Moorpark and the proposed project are located within the jurisdiction of the Ventura County Air Pollution Control District (VCAPCD). The VCAPCD has established significance criteria to evaluate air quality impacts. Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact a) Conflict with or obstruct implementation of the applicable air quality plan? b) Result in a cumulatively considerable net increase of any criteria pollutant for which the project region is nonattainment under an applicable federal or state ambient air quality standard? c) Expose sensitive receptors to substantial pollutant concentrations? d) Result in other emissions (such as those leading to odors) adversely affecting a substantial number of people? Discussion: a) Uniformly applied conditions of approval will be imposed on the project, including compliance with all existing requirements of the VCAPCD. Accordingly, the proposed project will be developed in a manner consistent with the VCAPCD Air Quality Management Plan and will be required to follow the Ventura County Air Pollution Control District (VCAPCD) Rules and Regulations for permitting, development and operation and receive all required permits. Therefore, the proposed project will have no impact on the implementation of the air quality plan. b) Staff consulted with the VCAPCD during review of the entitlement and calculated the projected emissions associated with the project using California Emissions Estimator Model (CalEEMod). Potential impacts to air quality associated with the proposed development are classified as either long-term operational impacts or short-term construction impacts. The VCAPCD establishes thresholds of 25 pounds-per-day (ppd) for emission of reactive organic compounds (ROC) and nitrogen oxides (NOx) for long-term operational impacts. The VCAPCD’s 25 ppd thresholds for ROG and NOx do not apply to construction emissions. An Resolution No. 2020-_____ Page 13 185 Initial Study Green Island Villas February 14, 2020 Page 9 of 34 analysis of both construction and operational-related impacts associated with the project are provided below: Long-term Operational Impacts: Based on an analysis of operational air quality impacts reported by CalEEMod, The operational emissions resulting from the project is projected to be 4.21 ppd ROC and 2.74 ppd NOx. These modelled emissions do not exceed the threshold and therefore, impacts to air quality anticipated with the project are less than significant. Short-term Construction Impacts: Short-term impacts to air quality will likely result from grading and other construction activities associated with the project (e.g., earth-moving and heavy equipment vehicle operations). According to the VCAPCD, any combustion equipment on-site that is rated at 50 horsepower or greater must have either an APCD Permit to Operate (PTO), or be registered with the California Air Resources Board’s (CARB) Portable Equipment Registration Program (PERP). The applicant is responsible for contacting APCD to verify compliance with any permitting requirements of the APCD. Based on an analysis of air quality impacts reported by CalEEMod, air quality impacts associated with the construction of the project result in maximum daily emissions estimate of 78.93 ppd ROC and 45.62 ppd NOx. As stated previously, the VCAPCD has not established thresholds for construction emissions. Nevertheless, for construction impacts, VCAPCD requires that construction activities minimize fugitive dust through dust control measures required by Rule 55. Rule 55 includes methods such as securing tarps over truck loads and watering to treat bulk material to minimalize fugitive dust. Compliance with Rule 55 would ensure that construction emissions would not be generated in such quantities as to cause injury, detriment, nuisance, or annoyance to any considerable number of persons to the public or that may endanger the comfort, health or safety of any such person or the public. Air quality impacts due to construction emissions would be less than significant. c) The subject property is located approximately 1,200 feet to the southwest of Chaparral Middle School. No other sensitive receptors are located within the vicinity. The Uniformly applied conditions of approval applicable to new developments requires that proposed project comply with the VCAPCD Air Quality Management Plan and VCAPCD Rules and Regulations for permitting, development and operation and receive all required permits. Therefore, the proposed project will have less than significant impact on expose sensitive receptors to substantial pollutant concentrations. d) The proposed multi-family residential development does not include any facilities that are likely to create unusual emissions or odors. Therefore, no impacts related to odors are proposed. Source(s): Ventura County Air Pollution Control District: Ventura County Air Quality Assessment Guidelines (2003), California Air Resources Board, CalEEMod Version 2016.3.2. Resolution No. 2020-_____ Page 14 186 Initial Study Green Island Villas February 14, 2020 Page 10 of 34 IV. BIOLOGICAL RESOURCES Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact a) Have a substantial adverse effect, either directly or through habitat modifications, on any species identified as a candidate, sensitive, or special status species in local or regional plans, policies, or regulations, or by the California Department of Fish and Wildlife or U.S. Fish and Wildlife Service? b) Have a substantial adverse effect on any riparian habitat or other sensitive natural community identified in local or regional plans, policies, and regulations or by the California Department of Fish and Wildlife or U.S. Fish and Wildlife Service? c) Have a substantial adverse effect on the state or federally protected wetlands (including, but not limited to, marsh, vernal pool, coastal, etc.) through direct removal, filling, hydrological interruption, or other means? d) Interfere substantially with the movement of any native resident or migratory fish or wildlife species or with established native resident or migratory wildlife corridors, or impede the use of native wildlife nursery sites? e) Conflict with any local policies or ordinances protecting biological resources, such as a tree preservation policy or ordinance? f) Conflict with the provisions of an adopted Habitat Conservation Plan, Natural Community Conservation Plan, or other approved local, regional, or state habitat conservation plan? Discussion: a) Pursuant to Exhibit 18 of the General Plan - Biological Resource Map, there are no sensitive habitat areas identified on or near the subject property. Additionally, the project site is located within an urbanized area and is surrounded by commercial and residential developments. Therefore, the project will not have an impact or substantial adverse effect, either directly or through habitat modifications, on any species identified as a candidate, sensitive, or special status species in local or regional plans, policies, or regulations, or by the California Department of Fish and Wildlife or U.S. Fish and Wildlife Service. Resolution No. 2020-_____ Page 15 187 Initial Study Green Island Villas February 14, 2020 Page 11 of 34 b) Pursuant to Exhibit 18 of the General Plan - Biological Resource Map, there are no identified riparian habitats or other sensitive natural communities on or in the vicinity of the subject property. Furthermore, the subject property is not located within the wildlife corridor shown in the County of Ventura Tierra Rejada Critical Wildlife Passage Area Map. Therefore, t he project will not have an impact on substantial adverse effect on any riparian habitat or other sensitive natural community identified in local or regional plans, policies, and regulations or by the California Department of Fish and Wildlife or U.S. Fish and Wildlife Service. c) The subject property is not located within state or federally protected wetland. Therefore, t he project will not have an impact on substantial adverse effect on the state or federally protected wetlands (including, but not limited to, marsh, vernal pool, coastal, etc.) through direct removal, filling, hydrological interruption, or other means. d) Pursuant to Exhibit 18 of the General Plan - Biological Resource Map there are no sensitive natural community or sensitive natural community identified on or near the subject property. Furthermore, the subject property is not located within the wildlife corridor shown in the County of Ventura Tierra Rejada Critical Wildlife Passage Area Map. Therefore, the project will not have an impact with the movement of any native resident or migratory fish or wildlife species or with established native resident or migratory wildlife corridors, or impede the use of native wildlife nursery sites. e) Pursuant to Exhibit 18 of the General Plan - Biological Resource Map there are no biological resources located on or in the vicinity of the subject property. 23 mature trees are proposed to be removed to accommodate the proposed development. Pursuant to City policy and uniformly applied development conditions, a Protected Tree Report prepared by Paul A. Lewis, dated September 15, 2014, was submitted to establish the value and condition of the trees to be removed. Conditions of approval are imposed so that the value of the removed trees will be applied to enlarge the size of proposed landscaping on the project site. Therefore, the project is designed and conditioned to comply with all applicable ordinances and policies related to biology and natural resources and would have a less than significant impact. f) The proposed project is not located within the vicinity of an adopted Habitat Conservation Plan, Natural Community Conservation Plan, or other approved local, regional, or state habitat conservation plan. Therefore, the proposed project will have no impact on an adopted Habitat Conservation Plan, Natural Community Conservation Plan, or other approved local, regional, or state habitat conservation plan. Source(s): County of Ventura Tierra Rejada Critical Wildlife Passage Area Map (https://docs.vcrma.org/images/pdf/planning/HCWC/Tierra_Rejada_CWPA.pdf). General Plan - Biological Resource Map (Exhibit 18). Protected Tree Report prepared by Paul A. Lewis (Dated September 15, 2014). Natural Community Conservation Plan (https://nrm.dfg.ca.gov/FileHandler.ashx?DocumentID=68626&inline). Resolution No. 2020-_____ Page 16 188 Initial Study Green Island Villas February 14, 2020 Page 12 of 34 V. CULTURAL RESOURCES Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact a) Cause a substantial adverse change in the significance of a historical resource as pursuant to §15064.5? b) Cause a substantial adverse change in the significance of an archaeological resource pursuant to §15064.5? c) Disturb any human remains, including those interred outside of formal cemeteries? Discussion: a) The subject property has been previously disturbed and is currently a vacant lot surrounded by urban uses developed within the past 30 years. Furthermore, the subject property is not identified in the Ventura County Historical Landmarks and Point of Interest as historic. Therefore, no impacts to historical resources are proposed. b) The subject property and vicinity are not identified as a unique archaeological resources. However, archaeological and cultural resources have been discovered during other development within the City and uniformly applied conditions of approval will be imposed that require cultural and/or archaeological monitoring of all subsurface work to be performed during grading and earthmoving activities associated with construction of the project. Therefore, the proposed project will have a less than significant impact to any potential archaeological resource pursuant to §15064.5. c) The proposed project is not located within a cemetery. However, archaeological and cultural resources have been discovered during other development within the City and uniformly applied conditions of approval will be imposed that require cultural and/or archaeological monitoring of all subsurface work to be performed during grading and earthmoving activities associated with construction of the project. Therefore, the proposed project will be less than significant impact to any potential human remains on the project site. Sources: Project Application and Exhibits. Ventura County Historical Landmarks and Point of Interest (October 14, 2014). https://docs.vcrma.org/images/pdf/planning/programs/chb/Points_of_Interest.pdf VI. ENERGY Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact a) Result in a potentially significant environmental impact due to a wasteful, inefficient, or unnecessary consumption of energy resources, during project construction, or operation? Resolution No. 2020-_____ Page 17 189 Initial Study Green Island Villas February 14, 2020 Page 13 of 34 VI. ENERGY Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact b) Conflict with or obstruct a state or local plan for renewable energy or energy efficiency? Discussion: a) Construction will utilize conventional methods and equipment. The proposed project would result in consumption of fuels from vehicle trips and electricity. Best Management Practices (BMP) would be required to prohibit the entry of pollutants from the construction site into the storm drain system during construction. Therefore, the proposed project will result in less than significant impact regarding consumption of energy resources, during project construction, or operation. b) The proposed project is required to comply with all applicable state and local regulations related to renewable energy and energy efficiency, including Title 24 Building Energy Efficiency Standards of the California Energy Code. Therefore, the proposed project will have a less than significant impact on the state or local plan for renewable energy or energy efficiency. VII. GEOLOGY & SOILS Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact a) Directly or indirectly cause potential substantial adverse effects, including the risk of loss, injury, or death involving: i) Rupture of a known earthquake fault, as delineated on the most recent Alquist- Priolo Earthquake Fault Zoning Map issued by the State Geologist for the area or based on other substantial evidence of known fault? ii) Strong seismic ground shaking? iii) Seismic-related ground failure, including liquefaction? iv) Landslides? b) Result in substantial soil erosion, or the loss of topsoil? c) Be located on a geologic unit or soil that is unstable, or that would become unstable as a result of the project, and potentially result in on- or off-site landslide, lateral spreading, subsidence, liquefaction or collapse? Resolution No. 2020-_____ Page 18 190 Initial Study Green Island Villas February 14, 2020 Page 14 of 34 VII. GEOLOGY & SOILS Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact d) Be located on expansive soil, as defined in Table 18-1-B of the Uniform Building Code (1994), creating substantial direct or indirect risks to life or property? e) Have soils incapable of adequately supporting the use of septic tanks or alternative waste water disposal systems where sewers are not available for the disposal of waste water? f) Directly or indirectly destroy a unique paleontological resource or site or an unique geologic feature? Discussion: a) (i) Pursuant to Alquist-Priolo Earthquake Fault Zoning Map, the proposed project is not located within a known earthquake fault. Therefore, the proposed project will have no impact or potential adverse effects, including the risk of loss, injury, or death involving an earthquake fault. (ii) Pursuant to the Earthquake Shaking Potential for California map, the proposed project is located between minor and major active earthquake faults that can have an impact on seismic ground shaking. All new construction is required to comply with the California Building Code, which includes measures to minimize damage to structures and occupants related to seismic events. Therefore, the proposed project will have less than a significant impact regarding risk of loss, injury, or death involving seismic ground shaking. (iii) Pursuant to the Earthquake Zones of Required Investigation – Moorpark Quadrangle, the subject project is located within a liquefaction zone. However, based on the Geotech Report, the likelihood that surface effects of liquefaction would occur on the subject property is characterized as very low to non-existent. Therefore, the potential for liquefaction present is less than significant impact. (iv) Pursuant to the Landslide Hazard Mapping for Selected California Highway Corridors Phase 2, the subject property is not located within a landslide zone. Therefore, no impact will result from the proposed project. b) The construction of the project would result in ground surface disturbance during site clearance and grading. Uniformly applied conditions of approval imposed on the project require stockpiles, excavation, and exposed soil to be covered with secured tarps, plastic sheeting, erosion control fabrics, or treated with a bio-degradable soil stabilize. Furthermore, applicant will be required to obtain a California State Water Resources Control Board Construction General Permit, which requires development of a Storm Water Pollution Prevention Plan (SWPPP). Therefore, the subject property will have a less than significant impact on soil erosion, or the loss of topsoil. Resolution No. 2020-_____ Page 19 191 Initial Study Green Island Villas February 14, 2020 Page 15 of 34 c) Pursuant to the Earthquake Zones of Required Investigation – Moorpark Quadrangle, the subject project is located within a liquefaction zone. Geotechnical measures will be incorporated into the project design as required by the Seismic Hazards Mapping Act as a uniformly applied condition of approval. As a result, development of the subject property will have a less than significant impact on geologic unit or soil that is unstable, or that would become unstable as a result of the project, and potentially result in on- or off-site landslide, lateral spreading, subsidence, liquefaction or collapse. d) According to the Geotech Report, the proposed project may be located on expansive soil. Therefore, the proposed project will have a less than significant impact on expansive soil. e) The project will be served by existing wastewater facilities and no septic tanks or systems are proposed. Therefore, no impact on the use of septic tanks or alternative waste water disposal systems where sewers are not available for the disposal of waste water. f) The subject property is within a developed, urban area and has previously been disturbed. No existing unique geological features are known to exist on-site. Furthermore, a conditions of approval for new development will require the monitoring of all subsurface work by a qualified archaeologist or Native American monitor and a Paleontological Identification Report be prepared if a resource or feature is identified. Therefore, development of the subject project presents a less than significant impact on directly or indirectly destroying a unique paleontological resource or site or an unique geologic feature. Sources: Project Application and Exhibits (October 14, 2014), Nobel System Geoviewer (City’s GIS), U.S. Quaternary Faults and Folds Database, Alquist-Priolo Earthquake Fault Zoning Map (https://www.conservation.ca.gov/cgs/alquist-priolo). Earthquake Shaking Potential for California Map (https://www.conservation.ca.gov/cgs/Documents/MS_48.pdf ). Earthquake Zones of Required Investigation – Moorpark Quadrangle (http://gmw.consrv.ca.gov/SHP/EZRIM/Maps/MOORPARK_EZRIM.pdf). Landslide Hazard Mapping for Selected California Highway Corridors Phase 2 (ftp://ftp.conservation.ca.gov/pub/dmg/pubs/sr/SR_243/SR_243_sans_Plates.pdf) Advance Geotechniques - Geotech Report for 635 Los Angeles Avenue VIII. GREENHOUSE GAS (GHG) EMISSIONS Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact a) Generate greenhouse gas emissions, either directly or indirectly, that may have a significant impact on the environment? b) Conflict with an applicable plan, policy or regulation adopted for the purpose of reducing the emissions of greenhouse gases? Discussion: a) Potential Carbon Dioxide Equivalent greenhouse gas emissions (CO2e) associated with the project were modeled using CalEEMod. The VCAPCD has not yet adopted a threshold of significance for GHG emissions. To assist in the analysis, the South Coast Air Quality Resolution No. 2020-_____ Page 20 192 Initial Study Green Island Villas February 14, 2020 Page 16 of 34 Management District (SCAQMD) GHG threshold recommendation was used in this analysis. The most recent proposed thresholds issued in 2008 applicable to this project suggest that it would be appropriate for a lead agency to use a threshold of 3,000 million tons per year (MTPY) of CO2e for stationary sources. CalEEMod modeling of the proposed project estimates a preliminary emissions rate of 229.37 MTPY CO2e for stationary sources. Therefore, the projected impacts to greenhouse gas emissions associated with the project are anticipated to be less than significant. b) The California Air Resources Board Scoping Plan describes the approach California will take to reduce GHGs to achieve the goal of reducing emissions to 1990 levels by 2020. The proposed project will not conflict with an applicable plan, policy or regulation adopted for the purpose of reducing the emissions of greenhouse gases and therefore would have no impact. Sources: Project Application and Exhibits (October 14, 2014), Ventura County Air Pollution Control District: Ventura County Air Quality Assessment Guidelines (2003). California Air Resources Board, Scoping Plan (https://ww3.arb.ca.gov/cc/scopingplan/scopingplan.htm), South Coast Air Quality Management District – Interim CEQA GHG Significance Threshold for Stationary Sources (2008) (http://www.aqmd.gov/docs/default- source/ceqa/handbook/greenhouse-gases-(ghg)-ceqa-significance- thresholds/ghgboardsynopsis.pdf?sfvrsn=2). IX. HAZARDS & HAZARDOUS MATERIALS Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact a) Create a significant hazard to the public or the environment through the routine transport, use or disposal of hazardous materials? b) Create a significant hazard to the public or the environment through reasonably foreseeable upset and accident conditions involving the release of hazardous materials into the environment? c) Emit hazardous emissions or handle hazardous or acutely hazardous materials, substances, or waste within one-quarter mile of an existing or proposed school? d) Be located on a site which is included on a list of hazardous materials sites compiled pursuant to Government Code Section 65962.5 and, as a result, would it create a significant hazard to the public or the environment? e) For a project located within an airport land use plan or, where such a plan has not been adopted, within two miles of a public airport or public use airport, would the project result in a safety hazard or excessive noise for people residing or working in the project area? Resolution No. 2020-_____ Page 21 193 Initial Study Green Island Villas February 14, 2020 Page 17 of 34 IX. HAZARDS & HAZARDOUS MATERIALS Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact f) Impair implementation of or physically interfere with an adopted emergency response plan or emergency evacuation plan? g) Expose people or structures, either directly or indirectly, to a significant risk of loss, injury or death involving wildland fires? Discussion: a) through c) The proposed project consists of 69 townhouse condominium homes and associated site improvements that will not involve the transport, use or disposal of hazardous materials. Therefore, the proposed project will not be releasing hazardous material into the environment nor does it present a hazard to the public or the environment through the routine transport, use or disposal of hazardous materials. d) According to the Department of Toxic Substance Control, the subject property is not identified on any list of hazardous materials sites compiled pursuant to Government Code Section 65962.5. Therefore, no impact will result from the proposed project. e) The proposed project is not located within an airport land use plan, or where such plan has not been adopted, within two miles of a public airport or public use airport. Furthermore, the proposed project site is located within an urban, residential and commercial area and consists of infill development of a vacant lot. T herefore, no impacts will result from the proposed project. f) The subject property is located within an urban, residential and commercial area and consists of infill development of a vacant lot. The project site has direct access along State Highway 118, a five-lane thoroughfare. Therefore, the proposed project will not interfere with an adopted emergency response plan or emergency evacuation plan. g) The subject property is an infill lot surrounded by developed urban uses. Therefore, the proposed project will have no impacts on exposing people or structures, either directly or indirectly, to a significant risk of loss, injury or death involving wildland fires. Sources: Project Application and Exhibits (October 14, 2014), General Plan Safety Element (2001). Department of Toxic Substance Control – EnviroStor (www.envirostor.dtsc.ca.gov). X. HYDROLOGY & WATER QUALITY Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact a) Violate any water quality standards or waste discharge requirements or otherwise substantially degrade surface or groundwater quality? Resolution No. 2020-_____ Page 22 194 Initial Study Green Island Villas February 14, 2020 Page 18 of 34 X. HYDROLOGY & WATER QUALITY Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact b) Substantially decrease groundwater supplies or interfere substantially with groundwater recharge such that the project may impede sustainable groundwater management of the basin? c) Substantially alter the existing drainage pattern of the site or area, including through the alteration of the course of a stream or river or through the addition of impervious surfaces, in a manner which would: i) Result in substantial erosion or siltation on- or off-site?; ii) Substantially increase the rate or amount of surface runoff in a manner which would result in flooding on- or off- site?; iii) Create or contribute runoff water which would exceed the capacity of existing or planned stormwater drainage systems or provide substantial additional sources of polluted runoff?; iv) impede or redirect flood flows? d) In flood hazard, tsunami, or seiche zones, risk release of pollutants due to project inundation? e) Conflict with or obstruct implementation of a water quality control plan or sustainable groundwater management plan? Discussion: a-b) Violate any water quality standards or waste discharge requirements or otherwise substantially degrade surface or groundwater quality because the Federal Water Pollution Prevention and Control Act (i.e., the Clean Water Act or CWA) requires that discharges do not substantially degrade the physical, chemical or biological integrity of the Nation’s waters. Specifically, Section 402 established the National Pollutant Discharge Elimination System (NPDES) Regulations for wastewater and other pollutant discharges. Congress amended the CWA in 1987 to require the implementation of a two-phased program to address storm water discharges. The Phase II regulations became effective on February 7, 2000, and require NPDES permits for storm water discharges from regulated small MS4s and for construction sites disturbing more than 1 acre of land. In addition, Section 401 and 404 established regulations for the discharge of dredged or fill material into waters of the United States and water quality impacts associated with these Resolution No. 2020-_____ Page 23 195 Initial Study Green Island Villas February 14, 2020 Page 19 of 34 discharges. In California, the Porter-Cologne Water Quality Control Act establishes waste discharge standards pursuant to the Federal NPDES program, and the state has the authority to issue NPDES permits to individuals, businesses, and municipalities. The protection of water quality is under the jurisdiction of the State Water Resources Control Board (SWRCB). The SWRCB is a state regulatory agency whose purpose is to protect the quality of surface and ground water within the region for beneficial uses. In order to address specific issues of the various groundwater basins in the State, the SWRCB is divided into nine Regional Water Quality Control Boards (RWQCBs), one for each of the major groundwater basins/surface water flow systems in the State. The City of Moorpark falls within the jurisdiction of the Los Angeles RWQCB. The RWQCB establishes requirements prescribing the quality of point sources of discharge and establishes water quality objectives through the Water Quality Control Plan for the local basin (Basin Plan). Water quality objectives are established based on the designated beneficial uses for a particular surface water or groundwater basin. There are few uses of groundwater in the City of Moorpark. The development will utilize County water services and therefore, will not adversely impact the groundwater conditions. However, the impact of increased impermeable surface will decrease groundwater recharge. Implementation of the Project would involve clearing, grading, paving, utility installation, building construction, and landscaping activities, which could result in the generation of water quality pollutants such sediment, solid and sanitary waste, concrete truck washout, hydrocarbons, metals, and construction debris. In addition, grading activities loosen and unconsolidated soils, which easily erode and could result the sedimentation of surface waters. Vertical construction and landscaping will general addition pollutants including soluble solids, sediment, nutrients, various toxics, pathogens, thermal stress, oil and grease, and gross pollutants and floatable. These materials have the potential to adversely affect water quality. As such, short-term water quality impacts have the potential to occur during construction of the Project in the absence of any protective or avoidance measures. Additionally, runoff from under post-development conditions could contain pollutants in the absence of protective or avoidance measures. The Project’s potential to violate any water quality standards or waste discharge requirements during short-term construction and/or long-term operational activities can have an adverse impact on- and off-site. Implementation of the State of California Construction General Permit, the County MS4, and the City Grading Ordinance during grading and post construction/LID measures permanently, will reduce the risk to less than significant with mitigation. i-ii) The site mass grading activities, removal of native vegetation, and the increased impervious surfaces will increase the risk of erosion and sedimentation on- and off-site. Uniformly applied conditions of approval require a complete hydrology and hydraulics report as part of the site development in conjunction with a Water Quality Report and approved by the City in order to verify compliance with established criteria and best practices. The reports and plans will include temporary (during construction) and permanent measures with native, drought resistant plants can be implemented based on the State of California Construction General Permit, the County MS4, and the City ordinances and requirements during grading and post construction/ LID measures permanently, that will reduce the risk of erosion and siltation to less than significant with mitigation. Resolution No. 2020-_____ Page 24 196 Initial Study Green Island Villas February 14, 2020 Page 20 of 34 iii-iv) The proposed project will alter the landform and concentrate drainage to the existing streets and storm drain pipes. The effects of increased impervious surface area will would increase stormwater runoff and potentially result in downstream flooding and degraded water quality. A site-specific hydrology study will be prepared to evaluate whether the Project would result in a substantial change in the rate or amount of runoff exiting the site. An increase in the rate or amount of runoff from the site could result in increased potential for flooding on downstream properties. The site will be required to intercept a 100-year developed flow rate, and provide suitable detention that restricts flows to a undeveloped 10 year event from the site or into the storm drain system. In addition, a dry access lane will be provided in the streets for emergency first responders. Water Quality report will be prepared to address all pollutants of concern and suitable mitigation in accordance with the County MS4 Permit and applicable State requirements. The reports and proposed improvements will demonstrate that historic drainages are not adversely impacted. The reports and plans will identify all associated hazards and appropriate mitigations. The mitigation measures will be implemented based on the State of California Construction General Permit, the County MS4, and the City ordinances and requirements that will reduce the risk of substantial increase in rate or amount of surface runoff as well as adverse impacts of pollutants of concern to less than significant with mitigation. d-e) The Project site is not located within a 100-year flood hazard area. The Project site is; however, located in an area that is between the limits of the 100-year and 500-year floods, also known as the moderate flood hazard area. Sources: Project Application and Exhibits (October 14, 2014), National Flood Hazard Layer FIRMette (FEMA Flood Map). XI. LAND USE & PLANNING Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact a) Physically divide an established community? b) Cause a significant impact due to a conflict with any land use plan, policy, or regulation adopted for the purpose of avoiding or mitigating an environmental effect? Discussion: a) The subject property is located within an urban, residential and commercial area and consists of infill development of a vacant lot. Therefore, the proposed project will not physically divide an established community and is consistent with adjacent uses. b) Pursuant to Exhibit 4 of the General Plan – Planning Area Land Use Plan, the subject property is vacant. The current zoning of this property is Commercial Office and the General Plan designation is Commercial Office. The proposed project will require a Zone Change (Commercial Office to Residential Planned Development), and General Plan Amendment (Commercial Office to Very High Residential Density). With approval of the general plan amendment and zone changes, the site will comply with all applicable land use regulations and therefore no impact is proposed. Resolution No. 2020-_____ Page 25 197 Initial Study Green Island Villas February 14, 2020 Page 21 of 34 Sources: Project Application and Exhibits (October 14, 2014), General Plan Land Map and Zoning Map. General Plan – Planning Area Land Use Plan (Exhibit 4) XII. MINERAL RESOURCES Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact a) Result in the loss of availability of a known mineral resource that would be of value to the region and the residents of the state? b) Result in the loss of availability of a locally important mineral resource recovery site delineated on a local general plan, specific plan or other land use plan? Discussion a) Pursuant to the Geologic Map of California – Los Angeles Sheet, the subject property has alluvium derived predominantly from sedimentary rocks. The proposed project will not create a unique demand on available mineral resources in the City, since the project site is not located in an area of importance for mineral deposits. Therefore, the proposed project will have no impact on mineral resources. b) Pursuant to the Mineral Land Classification Map, the subject property is not located in a significant mineral deposit area. Therefore, the subject property will have no impact on the loss of availability of a locally important mineral resource. Sources: Project Application and Exhibits (October 14, 2014), General Plan - Open Space, Conservation, and Recreation Element (1986). Mineral Land Classification Map (ftp://ftp.consrv.ca.gov/pub/dmg/pubs/sr/SR_145/SR_145_Plate1-11.pdf), Geologic Map of California (Los Angeles Sheet) (ftp://ftp.consrv.ca.gov/pub/dmg/pubs/gam/GAM_008_Los_Angeles/GAM_008_Map_1969.pdf ). XIII. NOISE Would the project result in: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact a) Generation of a substantial temporary or permanent increase in ambient noise levels in the vicinity of the project in excess of standards established in the local general plan or noise ordinance, or applicable standards of other agencies? b) Generation of excessive groundborne vibration or groundborne noise levels? Resolution No. 2020-_____ Page 26 198 Initial Study Green Island Villas February 14, 2020 Page 22 of 34 XIII. NOISE Would the project result in: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact c) For a project located within the vicinity of a private airstrip or an airport land use plan or, where such a plan has not been adopted, within two miles of a public airport or public use airport, would the project expose people residing or working in the project area to excessive noise levels? Discussion: a) Construction activities would generate ambient noise levels in the vicinity of the project from active construction equipment, haul trucks, and construction worker vehicles. However, all noise sources would be temporary and would cease once construction is completed. All construction activities would be required to comply with the City Noise Ordinance, which allows construction to occur between 7 a.m. to 7:00 p.m. Monday through Saturday. Therefore, the proposed project will have no impact on ambient noise levels in the vicinity of the project. b) Construction activities would generate noise and groundborne vibration from active construction equipment, haul trucks, and construction worker vehicles. However, all noise sources would be temporary and would cease once construction is completed. All construction activities would be required to comply with the City Noise Ordinance, which allows construction to occur between 7 a.m. to 7:00 p.m. Monday through Saturday. Therefore, the proposed project will have no impact on excessive groundborne vibration or groundborne noise levels. c) The proposed project is not located within the vicinity of a private airstrip, or airport land use plan, or where such plan has not been adopted, within two miles of a public airport or public use airport. Furthermore, the proposed project site is located within an urban, residential and commercial area and consists of infill development of a vacant lot. Therefore, no impacts are anticipated from the proposed project. Sources: Project Application and Exhibits (October 14, 2014). City of Moorpark - Noise Ordinance. XIV. POPULATION & HOUSING Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact a) Induce substantial unplanned population growth in an area, either directly (for example, by proposing new homes and businesses) or indirectly (for example, through an extension of roads or other infra- structure)? Resolution No. 2020-_____ Page 27 199 Initial Study Green Island Villas February 14, 2020 Page 23 of 34 XIV. POPULATION & HOUSING Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact b) Displace substantial numbers of existing people or housing, necessitating the construction of replacement housing elsewhere? Discussion: a) According to the California Department of Finance (DOF), the current population of Moorpark is estimated at 37,027 (DOF 2019) with a forecasted population of 43,000 for the year 2040 (SCAG 2016-2040). The proposed project consists of 69 townhouse condominium homes and a recreational facility on a previously developed 4.01 acre lot. Based on the DOF estimate of an average of 3.34 persons per household in the City of Moorpark, the addition of 69 units would generate approximately 230 residents. Therefore, implementation of the proposed project would increase the City’s estimat ed existing population of 37,027 to 37,257, which would still be within SCAG’s 2040 population forecast of 43,000 (SCAG 2040). Impacts relating to substantial population growth would be less than significant. Furthermore, the proposed project will have a beneficial impact of helping to achieve housing goals in support of the Housing Element of the General Plan. Therefore, the proposed project will result less than significant impact on the unplanned population growth in an area, either directly or indirectly. b) The subject property is currently vacant. Therefore, the proposed project will not displace numbers of existing people or housing and no impact would occur. Sources: Project Application and Exhibits (October 14, 2014). Department of Finance (http://www.dof.ca.gov/Forecasting/Demographics/Estimates/e-1/). Southern California Association of Government – 2016-2040 Regional Transportation Plan and Sustainable Communities Strategy (http://www.scag.ca.gov/DataAndTools/Pages/GrowthForecasting.aspx). General Plan - Housing Element. XV. PUBLIC SERVICES* Would the project result in substantial adverse physical impacts associated with the provision of new or physically altered governmental facilities, or the need for new or physically altered governmental facilities, the construction of which could cause significant environmental impacts, in order to maintain acceptable service ratios, response times or other performance objectives for any of the public services: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact a) Fire protection? b) Police protection? c) Schools? d) Parks? Resolution No. 2020-_____ Page 28 200 Initial Study Green Island Villas February 14, 2020 Page 24 of 34 XV. PUBLIC SERVICES* Would the project result in substantial adverse physical impacts associated with the provision of new or physically altered governmental facilities, or the need for new or physically altered governmental facilities, the construction of which could cause significant environmental impacts, in order to maintain acceptable service ratios, response times or other performance objectives for any of the public services: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact e) Other public facilities? Discussion: a) Fire protection services are provided to the City of Moorpark through an agreement with the County of Ventura Fire Protection District. Funds are provided to the district through a fire protection tax on property tax bills. The project site is located approximately 4,050, feet from the nearest fire station (297 High Street). The proposed project would not impact service response time to the point that would require the alteration/expansion of existing fire facilities or the construction of new facilities. Therefore, the proposed project will have a less than significant impact on fire protection services. b) The Moorpark Police provides police services to the City of Moorpark through a contract with the Ventura County Sheriff’s Department. Funds are provided to the property tax and sales revenue. The project site is located approximately 4,730, feet from the police station (610 Spring Road). In order to maintain acceptable service ratios, response times, or other performance objectives, development fees and property taxes will be paid to fund required police protection facilities. Therefore, the proposed project will have a less than significant impact on police protection services. c) The Moorpark Unified School District has 15 school sites within the City of Moorpark, including 4 preschools, 5 elementary schools, 1 K-8 school, 2 middle schools, 2 high schools and 1 alternative to high school. The increase of population may increase student enrollment. Funding for new school facilities generally occurs through the district’s assessment of development fees, which will be paid to the District prior to development. Therefore, the proposed project will be a less than significant impact on school services. d) There are presently 19 parks within the City of Moorpark, totaling 150 acres. Facilities at these sites include picnic areas, ball fields, dog park, skatepark, restrooms and parking. Although on-site amenities, such as a tot-lot, recreational center and a swimming pool are included in the proposal, additional development fees will be paid to fund increase park space and offset impacts to parks and recreation facilities. Therefore, the proposed project will post no impact on park facilities. e) The City of Moorpark has one public library, which is open Monday to Sunday. The project site is approximately 3,340 feet away from the public library (699 Moorpark Avenue). Although the proposed project may increase the use of this facility, additional library fees will be paid to offset any impacts to library services. Therefore, the proposed project will have a less than significant impact on public facilities. Resolution No. 2020-_____ Page 29 201 Initial Study Green Island Villas February 14, 2020 Page 25 of 34 Sources: Project Application and Exhibits (October 14, 2014). XVI. RECREATION Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact a) Would the project increase the use of existing neighborhood and regional parks or other recreational facilities such that substantial physical deterioration of the facility would occur or be accelerated? b) Does the project include recreational facilities or require the construction or expansion of recreational facilities, which might have an adverse physical effect on the environment? Discussion: a) There are presently 19 parks within the City of Moorpark, totaling 150 acres. According to the Parks and Recreation Master Plan, Moorpark provides 4.1 acres of park land for every 1,000 residents. Facilities at these sites include picnic areas, ball fields, dog park, skatepark, restrooms and parking. On-site amenities, such as a tot-lot, recreational center and a swimming pool are proposed with the project site and additional development fees will be paid to offset the potential impacts to parks and recreational facilities. Therefore, the proposed project will have a less than significant impact on the use of existing neighborhood and regional parks or other recreational facilities. b) The proposed project includes a tot-lot, recreational center and a swimming pool. The applicant will also be required to pay appropriate parks impact fees. Therefore, the proposed project will have a less than significant impact. Sources: Project Application and Exhibits (October 14, 2014), General Plan Open Space, Conservation, and Recreation Element (1986). Parks and Recreation Master Plan (2019). XVII. TRANSPORTATION Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact a) Conflict with an applicable plan, ordinance or policy establishing measures of effectiveness for the performance of the circulation system, taking into account all modes of transportation, including mass transit and non-motorized travel and relevant components of the circulation system, including but not limited to intersections, streets, highways, and freeways, pedestrian and bicycle paths, and mass transit? Resolution No. 2020-_____ Page 30 202 Initial Study Green Island Villas February 14, 2020 Page 26 of 34 XVII. TRANSPORTATION Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact b) Conflict with an applicable congestion management program, including, but not limited to level of service standards and travel demand measures, or other standards established by the county congestion management agency for designated roads or highways? c) Result in a change in air traffic patterns, including either an increase in traffic levels or a change in location that results in substantial safety risks? d) Substantially increase hazards due to a design feature (e.g., sharp curves or dangerous intersections) or incompatible use (e.g., farm equipment)? e) Result in inadequate emergency access? f) Conflict with adopted policies, plans, or programs regarding public transit, bicycle, or pedestrian facilities, or otherwise substantially decrease the performance or safety of such facilities? Discussion: a) According to the Circulation Element of the General Plan, the goals and policies emphasize the need for a circulation system that is capable of serving both existing and future residents while preserving community values and character. Pursuant to Figure 2 of the General Plan Circulation Element – Los Angeles Avenue is considered to be a six-lane arterial. The primary access to the site will be provided from Los Angeles Avenue with a secondary access from the Mission Bell Plaza shopping center parking lot. A uniformly applied condition of approval will require the developer to pay Los Angeles Avenue Area of Contribution Fee to fund core improvements to the Los Angeles Avenue corridor, and the Citywide Traffic Mitigation Fee to fund street improvements and offset any potential impacts associated with development of the project. Therefore, a less than significant impact will occur for this project. b) Pursuant to General Plan - Circulation Element; Level of Service (LOS), Policy 2.4: All new development shall participate in a transportation improvement fee program. This fee enables circulation improvements to be funded by new development in a manner that maintains the performance objectives specified in Policy 2.1. The proposed project will not reduce the Level of Service (LOS) of intersections in the area. The primary access to the site will be provided from Los Angeles Avenue (SR 118) with a secondary access from the Mission Bell Plaza shopping center parking lot. A condition of approval will require the developer to pay Traffic Mitigation and Los Angeles Avenue Area of Contribution Fee in effect at the time to fund core improvements to the Los Angeles Avenue corridor, and the Citywide Traffic Mitigation Fee in order to fund street improvements. Therefore, a less than significant impact will occur for this project. Resolution No. 2020-_____ Page 31 203 Initial Study Green Island Villas February 14, 2020 Page 27 of 34 c) The project is not located within an area regulated by an airport land use plan and therefore will not have an impact to air traffic patterns, traffic levels, nor results in substantial safety risks. Therefore, no impact will occur for the proposed project. d) The project has been designed in a manner that eliminates any potential hazardous design features. In addition, Gibson Transportation Consulting, Inc. conducted a trip generation assessment for this project and concluded a full traffic study would not be needed. Furthermore, uniformly applied conditions of approval will require the California Department of Transportation (CalTrans) to review accessibility to the subject property at Los Angeles Avenue. Therefore, the proposed project will have a less than significant impact in the increase of hazards due to a design feature or incompatible use. e) The circulation plan for the proposed project has been reviewed by the Fire Department and City Engineer to ensure that sufficient access is provided for emergency services. Therefore, a less than significant impact is anticipated from the project. f) As designed and conditioned, the project complies will all applicable policies and plans related to public transit, bicycle, and pedestrian facilities. Pursuant to Figure 2 of the General Plan Circulation Element – Los Angeles Avenue is considered to be a six-lane arterial. The primary access to the site will be provided from Los Angeles Avenue with a secondary access from the Mission Bell Plaza shopping center parking lot. A condition of approval will require the developer to pay Los Angeles Avenue Area of Contribution Fee to fund core improvements to the Los Angeles Avenue corridor, and the Citywide Traffic Mitigation Fee to fund street improvements. Therefore, a less than significant impact will occur for this project. Sources: Project Application and Exhibits (October 14, 2014), General Plan Circulation Element (1992). Gibson Transportation Consulting, Inc. (Trip Generation Assessment for the 635 Los Angeles Avenue Residential Project, 2018). General Plan - Circulation Element. XVIII. TRIBAL CULTURAL RESOURCES Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact Would the project: a) Cause a substantial adverse change in the significance of a tribal cultural resource, defined in Public Resources Code section 21074 as either a site, feature, place, cultural landscape that is geographically defined in terms of the size and scope of the landscape, sacred place, or object with cultural value to a California Native American tribe, and that is: i) Listed or eligible for listing in the California Register of Historical Resources, or in a local register of historical resources as defined in Public Resources Code section 5020.1(k), or Resolution No. 2020-_____ Page 32 204 Initial Study Green Island Villas February 14, 2020 Page 28 of 34 XVIII. TRIBAL CULTURAL RESOURCES Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact ii) A resource determined by the lead agency, in its discretion and supported by substantial evidence, to be significant pursuant to criteria set forth in subdivision (c) of Public Resources Code Section 5024.1. In applying the criteria set forth in subdivision (c) of Public Resources Code Section 5024.1, the lead agency shall consider the significance of the resource to a California Native American tribe. Discussion: a) (i) The subject property is not listed or eligible for listing in the California Register of Historical Resources, or in a local register of historical resources as defined in Public Resources Code section 5020.1. Furthermore, the subject property in vicinity is not identified in the Ventura County Historical Landmarks and Point of Interest. Therefore, the proposed project will have no impact on the adverse change in the significance of a tribal cultural resource. (ii) The subject property is not listed or eligible for listing in the California Register of Historical Resources, or in a local register of historical resources as defined in Public Resources Code section 5020.1. Furthermore, the subject property in vicinity is not identified in the Ventura County Historical Landmarks and Point of Interest. Therefore, the proposed project will have no impact on the criteria set forth in subdivision (c) of Public Resources Code Section 5024. Sources: California Register of Historical Resources (http://ohp.parks.ca.gov/). XIX. UTILITIES & SERVICE SYSTEMS Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact a) Require or result in the relocation or construction of new or expanded water, wastewater treatment, or stormwater drainage, electrical power, natural gas, or telecommunications facilities, the construction or relocation of which could cause significant environmental effects? b) Have sufficient water supplies available to serve the project and reasonably foreseeable future development during normal, dry, and multiple dry years? Resolution No. 2020-_____ Page 33 205 Initial Study Green Island Villas February 14, 2020 Page 29 of 34 XIX. UTILITIES & SERVICE SYSTEMS Would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact c) Result in a determination by the wastewater treatment provider, which serves or may serve the project that it has adequate capacity to serve the project’s projected demand in addition to the provider’s existing commitments? d) Generate solid waste in excess of State or local standards, or in excess of the capacity of local infrastructure, or otherwise impair the attainment of solid waste reduction goals? e) Comply with federal, state, and local waste management and reduction statutes and regulations related to solid waste? Discussion: a) The project will not require construction of any new water or wastewater treatment facilities that will result in a significant impact to the environment. The project site is located in an area planned for residential development and existing water and wastewater treatment facilities have been sized to accommodate the proposed project. Uniformly applied conditions of approval for new development will require the provision of a “Will Serve” letter from both the water and wastewater purveyors. Therefore, the proposed project will have a less than significant impact in the relocation or construction of a new water or wastewater treatment facility. b) Ventura County Waterworks District Number 1 is the agency responsible for providing water to the city. Approximately 75 percent of the water supplied to the district comes from the Calleguas Municipal Water District and the remaining 25 percent comes from local groundwater supplies. Uniformly applied conditions of approval for new development will require the provision of a “Will Serve” letter from both the water and wastewater purveyors. Therefore, the proposed project will have a less than significant impact in water supply. c) The proposed project will be located within an urbanized area and connect to a publicly maintained wastewater treatment system. An uniformly applied conditions of approval will require the applicant to submit a “Will Serve” letter from from both the water and wastewater purveyors 1. Therefore, the proposed project will have a less than significant impact on this project. d) The proposed project consists of 69 townhouse condominium homes and a recreational facility on a previously developed 4.01 acre lot. Therefore, the project will not generate excessive solid waste. e) The proposed project consists of 69 townhouse condominium homes and a recreational facility on a previously developed 4.01 acre lot. The proposed project will comply with federal, Resolution No. 2020-_____ Page 34 206 Initial Study Green Island Villas February 14, 2020 Page 30 of 34 state, and local waste management and reduction statutes and regulations related to solid waste. Therefore, no impact will result from this project. Sources: Project Application and Exhibits (October 14, 2014), XX. WILDFIRE If project is located in or near a state responsibility areas or lands classified as very high fire hazard severity zones, would the project: Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact a) Substantially impair an adopted emergency response plan or emergency evacuation plan? b) Due to slope, prevailing winds, and other factors, exacerbate wildfire risks, and thereby expose project occupants to, pollutant concentrations from a wildfire or the uncontrolled spread of a wildfire? c) Require the installation or maintenance of associated infrastructure (such as roads, fuel breaks, emergency water sources, power lines or other utilities) that may exacerbate fire risk or that may result in temporary or ongoing impacts to the environment? d) Expose people or structures to significant risks, including downslope or downstream flooding or landslides, as a result of runoff, post-fire slope instability, or drainage changes? Discussion: a) through d) According to the Fire Hazard Severity Zones Map, the subject project is not located in or near a state responsibility areas or lands classified as very high fire hazard severity zones. Therefore, no impacts related to wildfire are will result from development of the proposed project. Sources: Fire Hazard Severity Zones Map (2007) Resolution No. 2020-_____ Page 35 207 Initial Study Green Island Villas February 14, 2020 Page 31 of 34 XXI. MANDATORY FINDINGS OF SIGNIFICANCE Potentially Significant Impact Less Than Significant With Mitigation Less than Significant Impact No Impact a) Does the project have the potential to substantially degrade the quality of the environment, substantially reduce the habitat of a fish or wildlife species, cause a fish or wildlife population to drop below self- sustaining levels, threaten to eliminate a plant or animal community, substantially reduce the number or restrict the range of rare or endangered plant or animal or eliminate important examples of the major periods of California history or prehistory? b) Does the project have impacts that are individually limited, but cumulatively considerable? (“Cumulatively considerable” means that the incremental effects of a project are considerable when viewed in connection with the effects of past projects, the effects of other current projects, and the effects of probable future projects.) c) Does the project have environmental effects, which will cause substantial adverse effects on human beings, either directly or indirectly? Discussion: a) The proposed project consists of 69 townhouse condominium homes and a recreational facility on a previously developed 4.01 acre lot. The proposed project will not have the potential to substantially degrade the quality of the environment, substantially reduce the habitat of a fish or wildlife species, cause a fish or wildlife population to drop below self-sustaining levels, threaten to eliminate a plant or animal community, substantially reduce the number or restrict the range of rare or endangered plant or animal or eliminate important examples of the major periods of California history or prehistory. Therefore, no impact will result from the proposed project. b) The proposed project consists of 69 townhouse condominium homes and a recreational facility on a previously developed 4.01 acre lot. The proposed project will not have impacts that are individually limited or cumulatively considerable. Therefore, no impact will result from the proposed project. c) The proposed project consists of 69 townhouse condominium homes and a recreational facility on a previously developed 4.01 acre lot. The proposed project will not have environmental effects, which will cause substantial adverse effects on human beings, either directly or indirectly. Therefore, no impact will result from the proposed project. Resolution No. 2020-_____ Page 36 208 Initial Study Green Island Villas February 14, 2020 Page 32 of 34 REFERENCES 1. Alquist-Priolo Earthquake Fault Zoning Map https://www.conservation.ca.gov/cgs/alquist-priolo 2. California Air Resource Board, Scoping Plan (2006) https://ww3.arb.ca.gov/cc/scopingplan/scopingplan.htm 3. California Air Resources Board, CalEEMod Version 2016.3.2 4. California Building Standards Code (2016) 5. California Department of Conservation, Geologic Map of California (Los Angeles sheet) (1981) ftp://ftp.consrv.ca.gov/pub/dmg/pubs/gam/GAM_008_Los_Angeles/GAM_008_Map_19 69.pdf 6. California Department of Conservation, Mineral Land Classification Map (2011) ftp://ftp.consrv.ca.gov/pub/dmg/pubs/sr/SR_145/SR_145_Plate1-11.pdf 7. California Department of Conservation, Ventura County Important Farmland Map (2006). 8. California Department of Conservation, Landslide Hazard Mapping for Selected California Highway Corridors Phase 2 (2019) 9. California Department of Fish and Wildlife, Natural Community Conservation Plan https://nrm.dfg.ca.gov/FileHandler.ashx?DocumentID=68626&inline 10. California, Department of Finance http://www.dof.ca.gov/Forecasting/Demographics/Estimates/e-1/ 11. California Register of Historical Resources http://ohp.parks.ca.gov/ 12. City of Moorpark, General Plan - Biological Resource Map 13. City of Moorpark, General Plan - Circulation Element (1992) 14. City of Moorpark, General Plan – Housing Element (2014) 15. City of Moorpark, General Plan - Land Use Element (1992) 16. City of Moorpark, General Plan - Noise Element (1998) Resolution No. 2020-_____ Page 37 209 Initial Study Green Island Villas February 14, 2020 Page 33 of 34 17. City of Moorpark, General Plan - Open Space, Conservation, and Recreation Element (1986) 18. City of Moorpark, General Plan - Safety Element (2001) 19. City of Moorpark, Parks and Recreation Master Plan (2019) 20. City of Moorpark, Moorpark Municipal Code 21. City of Moorpark - Noise Ordinance. 22. County of Ventura Tierra Rejada Critical Wildlife Passage Area Map 23. Department of Toxic Substance Control, EnviroStor (Date management system). www.envirostor.dtsc.ca.gov 24. Earthquake Shaking Potential for California Map https://www.conservation.ca.gov/cgs/Documents/MS_48.pdf 25. Earthquake Zones of Required Investigation – Moorpark Quadrangle http://gmw.consrv.ca.gov/SHP/EZRIM/Maps/MOORPARK_EZRIM.pdf 26. Fire Hazard Severity Zones Map (2007) 27. Green Island Villas, Project Application and Exhibits (October 14, 2014) ftp://ftp.conservation.ca.gov/pub/dmg/pubs/sr/SR_243/SR_243_sans_Plates.pdf 28. Gibson Transportation Consulting, Inc., Trip Generation Assessment for the 635 Los Angeles Avenue Residential Project (2018). 29. National Flood Hazard Layer FIRMette (FEMA Flood Map) 30. Southern California Association of Government – 2016-2040 Regional Transportation Plan and Sustainable Communities Strategy http://www.scag.ca.gov/DataAndTools/Pages/GrowthForecasting.aspx 31. South Coast Air Quality Management District, Interim CEQA GHG Significance Threshold for Stationary Sources (2008) (http://www.aqmd.gov/docs/default- source/ceqa/handbook/greenhouse-gases-(ghg)-ceqa-significance- thresholds/ghgboardsynopsis.pdf?sfvrsn=2). 32. U.S. Geological Survey, Quarternary Faults and Folds Database 33. U.S. Quaternary Faults and Folds Database 34. Ventura County, Historical Landmarks and Point of Interest (October 14, 2014). https://docs.vcrma.org/images/pdf/planning/programs/chb/Points_of_Interest.pdf Resolution No. 2020-_____ Page 38 210 Initial Study Green Island Villas February 14, 2020 Page 34 of 34 35. Ventura County Watershed Protection District: Technical Guidance Manual for Storm water Quality Control Measures (2002) 36. Ventura County Air Pollution Control District: Ventura County Air Quality Assessment Guidelines (2003) Resolution No. 2020-_____ Page 39 211 Ventura County Air Pollution Control District 669 County Square Dr Ventura , California 93003 tel 805/ 645-1400 fa x 805/ 645 -1444 www.vca pcd .org VENTURA COUNTY AIR POLLUTION CONTROL DISTRICT Memorandum TO: Freddy Carrillo , City of Moorpark Planning DATE: July25 ,2019 FROM : Nicole Collazo, Planning Division SUBJECT: Public Review Comment for Green Villa Islands Michael Villegas Air Pollution Control Officer Air Pollution Control District (APCD) staff has reviewed the Initial Study and Negative Declaration (IS, ND) for the project referenced above. The proposed project is for a new residential development in previously developed 4.0 I-acre vacant lot. The project location is 635 Los Angeles A venue in the City of Moorpark. The Lead Agency for the project is the City of Moorpark. APCD is acting as a Commenting Agency and is providing recommendations and comments to environmental document prepared by the Lead Agency, pursuant to the California CEQA State Guidelines Section 15073 and Section l. l of the Ventura County Air Quality Assessment Guidelines (AQAG). GENERAL COMMENTS As a Commenting Agency for the CEQA review of the subject project, APCD concurs with the findings determined in the Air Quality and Greenhouse Gas Emissions Sections of the IS and ND. However, the following sections of the IS checklist require some attention, as listed below. Item l-Page 8, Item a. The environmental document did not conduct a consistency analysis with the most recent Air Quality Management Plan (AQMP) adopted. The proposed project must address consistency with the APCD Air Quality Management Plan (AQMP) if estimated operational emissions exceed 2 lbs ./day or greater for ROG or NOx, as described in the District's AQAG , Section 4.2 , Procedures for Determining Cons istency with the AQMP. The 2016 AQMP presents Ventura County 's strategy (including related mandated elements) to attain the 2008 federal 8-hour ozone standard by 2020 , as required by the federal Clean Air Act Amendments of 1990 ari.d applicable U .S. EPA clean air regulations. The 2016 AQMP uses an updated 2012 emissions inventory as baseline for forecasting data, SCAG RTP 2016 data, and CARB 's EMFAC2014 emission factors for mobile sources. The 2016 AQMP uses SCAG 2016 RTP population growth projection of 40 ,806 by 2020 for the City of Moorpark. The latest population estimation for the City of Moorpark was 39 ,223 (March 2019 , County of Ventura RMA). An incon s istency with the AQMP would impl y an additional 1,583 residents would relocate to the City of Moorpark as a result of this project alone. Using the proposed number of Resolution No. 2020-_____ Page 40 212 units of the project (69) and the average number of residents per dwelling unit of 3.45 (County RMA March 2019 Jurisdictions Report), and assuming all of the residents of proposed project are not residents of the city, the population will grow by about 238 residents. This projection is less than the amount needed to be inconsistent with the AQMP. Therefore, the project will be consistent with the AQMP and population growth forecasts. Item 2-Page 9, Short-Term Construction Impacts. As previously recommended in an informal consultation with the Lead Agency, due to the proximity of sensitive receptors and lengthy construction time, we recommend all off-road construction equipment to be of Tier 3 rating and ROC content of architectural coatings to be used for the construction phase to be of low to zero- VOC (0-25 g/L ROC); this may reduce your construction emissions by about 85% to below threshold levels and can be remodeled in CalEEMod Version 2016.3.2 for a more accurate mitigation quantification. Additionally, including more accurate information regarding the proposed type and amount of construction equipment into the air emissions model than the default input settings may further reduce the construction emissions. Item 3-Page 16, GHGs. The interim South Coast Air Quality Management District GHG numerical threshold for stationary sources is 10,000 Metric Tons of C02e per Year (MT/Yr C02e). The 3,000 MT/Yr C02e numerical threshold applies to residential/commercial sources. Please make this change in item a. Thank you for the opportunity to review your project's IS and ND and provide recommendations. If you have any questions, please call me at (805) 645-1426 or email nicole@vcapcd.org. Resolution No. 2020-_____ Page 41 213 STATE OF CALIFORNIA-CALIFORNIA STATE TRANSPORTATION AGENCY Gavin Newsom Governor DEPARTMENT OF TRANSPORTATION DISTRICT 7-OFFICE OF REGIONAL PLANNING 100 S. MAIN STREET, SUITE 100 LOS ANGELES, CA 90012 Making Conservation a California Way of Life. PHONE (213) 897-0067 FAX (213) 897-1337 TIY 711 www.dot.ca.gov August 1, 2019 Freddy A. Carrillo City of Moorpark, Community Development Department 799 Moorpark Avenue Moorpark, California 93021 Dear Freddy A. Carrillo: RE: Initial Study and Negative Declaration (ND) -Green Island Villas SCH# 2019079018 GTS# 07-VEN-2016-00308 Vic. VEN-118/ PM 17.07 Thank you for including the California Department of Transportation (Caltrans) in the environmental review process for the above referenced project. The project consists of a request to develop 69 multi-family residential condominiums, a two-story recreational center proposed to include a community clubhouse, day-care, fitness center and restrooms, an outdoor swimming pool, dog park and associated landscape and hardscape site improvements on a previously- developed 4.01-acre lot, at 635 Los Angeles Avenue. A two-car garage will be included with each unit and a total of 35 surface guest parking spaces will be dispersed throughout the site for a total of 173 parking spaces. Primary street access to the property is provided by California State Route 118 (Los Angeles Avenue) and residents will have secondary access to the east, through the adjacent Mission Bell Plaza shopping center. After reviewing the Initial Study and Negative Declaration, Caltrans has the following comments: 1. Primary street access to the property is provided by SR-118 (Los Angeles Ave.), which generally runs in an east-west direction and is located just south of the Project Site. SR- 118 (Los Angeles Ave.) is a six-lane arterial; however, the segment of SR-118 adjacent to the project site consists of two travel lanes in each direction. 2. Since the proposed project would increase the population at the project site as well as the overall population in Moorpark community, an increase in traffic volume on SR-118 is anticipated. Please include the Trip Generation Assessment conducted by Gibson Transportation Consulting, Inc. referenced in the Initial Study in your response so that it can be reviewed. If the study assumes that occupants of the development will not be using the state transportation system, please provide Caltrans with a more detailed justification on why a full traffic study is not needed. 3. As required by SB 743, Caltrans is moving towards replacing Level of Service (LOS) with Vehicle Miles Traveled (VMT) when evaluating traffic impacts. For any future project we encourage the Lead Agency to develop a verifiable performance-based VMT criteria. "Provide a safe, sustainable, integrated and efficient transportation system to enhance California's economy and livability" Resolution No. 2020-_____ Page 42 214 Freddie A. Carrillo August 1, 2019 Page2 of3 a. Senate Bill 7 43 (2013) mandates that CEQA review of transportation impacts of proposed development be modified by using Vehicle Miles Traveled (VMT) as the primary metrics in identifying impacts for all future development projects. You may reference to The Governor's Office of Planning and Research (QPR) for more information: http://opr.ca.gov/ceqa/updates/guidelines/. b. Developing a verifiable performance VMT criteria is critical as the TIS will be based on VMT metrics. 4. There are multiple references to the developer paying into a "Los Angeles Avenue Area of Contribution Fee" throughout the Initial Study. Los Angeles Avenue is a State Route (SR-118) through the project area and within Caltrans' Right of Way. If these funds are being used to improve the corridor and mitigate transportation impacts, then please share these details with Caltrans, as a high level of collaboration will be required for any improvements on SR-118. 5. Please provide full details on the driveway layout access to and from SR-118. 6. As the project is adjacent to Caltrans Right of Way and will require driveway construction and access directly onto SR-118, multiple Caltrans permit and design approvals will be required. 7. Any transportation of heavy construction equipment and/or materials which requires use of oversized-transport vehicles on State highways will need a Caltrans transportation permit. We recommend large size truck trips be limited to off-peak commute periods. 8. Please also provide a Construction Traffic Management Plan (CTMP). Construction Traffic Management Plan. Prior to issuance of building or grading permits for the project site, the applicant shall prepare a Construction Traffic Management Plan (CTMP) for review and approval by City staff. The CTMP would include street closure information, detour plans, haul routes, staging plans, parking management plans and traffic control plans. The CTMP would formalize how construction would be carried out and identify specific actions that would be required to reduce adverse effects on the surrounding community. The CTMP should be based on the nature and timing of the specific construction activities and account for other concurrent construction projects near the project site. The following elements shall be implemented, as appropriate: • Schedule construction activities to reduce the effects on traffic flows on surrounding arterial streets during peak hours. • Obtain the required permits for truck haul routes prior to issuance of any permit for the project. • The project contractor shall identify and enforce truck haul routes deemed acceptable by the City and Caltrans for construction trucks. • Signs shall be posted along roads identifying construction traffic access or flow limitations due to single lane conditions during periods of truck traffic, if needed. • Accommodate all equipment and worker parking on-site to the extent feasible. • Provide safety precautions for pedestrians and bicyclists through such measures as alternate routing and protection barriers. "Provide a safe, sustainable, integrated and efficient transportation system to enhance California's economy and livability" Resolution No. 2020-_____ Page 43 215 Freddie A. Carrillo August 1, 2019 Page3of3 • Provide for temporary traffic control during all construction activities adjacent to the public right-of-way to improve traffic flow on public roadways (e.g., flag men). • Schedule construction-related deliveries to reduce travel during commuter peak hours. • We recommend approval from Caltrans for any lane closures during construction period. • We recommend the design of all construction underneath the State Route and Caltrans Right of Ways be approved by Caltrans. • Permits from Caltrans will be required for heavy trucks and machinery/vehicles travelling on the State Route. Further information included for your consideration; Caltrans seeks to promote safe, accessible multimodal transportation. There are multiple methods to reduce pedestrian and bicyclist exposure to vehicles. These methods include the construction of physically separated facilities such as sidewalks, raised medians, refuge islands, or a reduction in crossing distances through roadway narrowing. Visual indicators such as, but not limited to, pedestrian and bicyclist warning signage, flashing beacons, crosswalks, signage, and striping should be used to indicate to motorists that they can expect to see and yield to pedestrians and people on bikes. Visual indication from signage can be reinforced by road design features such as narrow lane widths, landscaping, street furniture, and other design elements. With regards to parking, Caltrans supports reducing the amount of parking whenever possible. Research on parking suggests that abundant car parking enables and encourages driving. Research looking at the relationship between land-use, parking, and transportation indicates that the amount of car parking supplied can undermine a project's ability to encourage public transit use. For any project to better promote public transit and reduce vehicle miles traveled, we recommend the implementation of Transportation Demand Management (TDM) strategies. If you have any questions, please contact project coordinator Anthony Higgins, at anthony.hi~9Jfls~'.dgl.ca.gov and refer to GTS# 07-VEN-2016-00308. / /./ .· . / /j ;.w~Nd, IGR/CEQA Branch t.fv cq: Scott Morgan, State Clearinghouse "Provide a safe. sustainable. integrated and ejficient transportation system to enlumce California's economy and limbility" Resolution No. 2020-_____ Page 44 216 PUBLIC VENTURA COUNTY WORKS WATERSHED PROTECTION WATERSHED PLANNING AND PERMITS DIVISION 800 South Victoria Avenue , Ventura , California 93009 Sergio Vargas , Deputy Director -(805) 650-4077 MEMORANDUM DATE: July23 ,2019 TO: Freddy Carrillo Case Planner City of Moorpark FROM: Nathaniel Summerville , Engineer Ill -Advanced Planning Section SUBJECT: GREEN ISLAND VILLAS APN(s) 511 -0-141-130 ZONE 3 WATERSHED PROTECTION PROJECT NUMBER : WC2019 -0052 INCOMPLETE Pursuant to your request dated July 5 , 2019 , this office has reviewed the submitted materials and provides the following comments : PROJECT LOCATION: 635 Los Angeles Ave ., Moorpark , CA PROJECT DESCRIPTION: The project consists of a request to develop 69 multi-family residential condominiums , a two-story recreational center proposed to include a community clubhouse , day- care , fitness center and restrooms , an outdoor swimming pool , dog park and associated landscape and hardscape site improvements on a 4 .01-acre unpaved lot, at 635 Los Angeles Avenue . The project would include 16 two-story residential buildings , with a total of 18 two-bedroom units and 51 three-bedroom units. Each unit would include a two-car garage. A total of 35 surface guest parking spaces would be dispersed throughout the site . Amenities would include a recreational center with a multi-purpose room and gymnasium , and a swimming pool. Primary street access to the property would be provided by California State Route 118 (Los Angeles Avenue) and residents would have secondary access to the east , through the adjacent Mission Bell Plaza shopping center . APPLICATION COMPLETENESS: INCOMPLETE -from our area of concern . WATERSHED PROTECTION DISTRICT COMMENTS: Resolution No. 2020-_____ Page 45 217 Green Island Villas July 23 , 2019 Page 2 of 2 Comments from Advanced Planning Section: The project is located immediately adjacent to Moorpark Storm Drain No . 2 , which is a Ventura County Watershed Protection District (District) Jurisdictional red line channel. The project proponent is hereby informed that it is the District's standard that a project cannot impair, divert , impede, or alter the characteristics of the flow of water running in any District jurisdictional red line channel under the requirements of Ordinance WP-2 . Please be aware that Moorpark Storm Drain No . 2 has been identified as having limited flood carrying capacity and no increase in peak runoff will be allowed. The Project must provide adequate mitigation measures to comply with the District's standard for peak attenuation , which is that the runoff after development shall not exceed the peak flow under existing conditions for any frequency of event or, alternatively , apply the city standard ; whichever is most restrictive shall apply . Analysis should consider the 100-year, 50-year, 25-year, and 10 -year design storm frequencies . Additionally , project findings should verify compliance with the Ventura County Watershed Protection District hydrology data and the 2017 Hydrology Manual and follow the Watershed Protection District "Guide for Hydrology and Hydraulic Study Report " found at following website: http://pwaportal.ventura.org/WPD/onestop/guidelines/Guide%20for%20Hydra.pdf Please submit a complete Drainage Report that , at a minimum, includes the following items : • Sign and Seal from Licensed Engineer • Figures/Hydrology Maps • Hydrologic and Hydraulic Calculations • Stormwater Calculations • Mitigation Measures • Offsite Flows • Stormwater Quality Treatment Devices • FEMA Maps • Storm Drainage Plan (showing outlets and complete storm drain network) WATERSHED PROTECTION DISTRICT CONDITIONS: Mitigation: The proposed development shall incorporate mitigation measures to address cumulat iv e impacts due to the proposed in crease in imperviousness . Project shall not increase peak storm runoff in any frequency of storm events consistent with District pol icy and WP-2 Ordinance or , alternatively , apply the city standard ; whichever is most restrictive shall apply . END OF TEXT Resolution No. 2020-_____ Page 46 218 MEMORANDUM COMMUNITY DEVELOPMENT DEPARTMENT TO: Honorable Planning Commission FROM: Freddy A. Carrillo, Associate Planner II DATE: October 22, 2019 SUBJECT: Green Island Villas Initial Study and Negative Declaration: Summary of Comments Received and Staff Response The Green Island Villas Initial Study and Negative Declaration was circulated for public review between July 2, 2019 and August 6, 2019. Three comment letters were subsequently received from the Ventura County Air Pollution Control District; California Department of Transportation; and Ventura County Watershed Protection District. None of the comments received resulted in changes to the Initial Study and Negative Declaration (IS/ND). These comments and Staff's response to each are provided below. Ventura County Air Pollution Control District (VCAPCD) Comment: The environmental document needs to include analysis using the 2016 Ventura County Air Quality Management Plan (AQMP). In addition, include the South Coast Air Quality Management District greenhouse gas numerical threshold for residential sources of 3,000 Metrics Tons per year {MTPY) of carbon dioxide equivalent (C02e). Lastly, due to the proximity of sensitive receptors and lengthy construction time, VCAPCD recommends all off-road construction equipment to be Tier 3 rating and reactive organic compounds (ROC) content of architectural coating to be used for construction phase to be low to zero-volatile organic compounds (VOC) (0-25 g/L ROC). • The IS/ND did not identify any significant air quality impacts associated with the project, however a condition of approval is included that requires off-road construction equipment to be Tier 3 rating and ROC content of architectural coating to be used for construction phase to be low to zero-VOC (0-25 g/L ROC). The Applicant will also be required to obtain permits from VCAPCD. No changes to the project resulted from this comment. California Department of Transportation (CalTrans) Comment: Caltrans has requested a copy of the revised Trip Generation Assessment report conducted by Gibson Transportation Consulting, Inc., and a site plan showing full details on the driveway layout access to and from Los Angeles Avenue (SR-118). Resolution No. 2020-_____ Page 47 219 • Staff submitted a copy of the revised Trip Generation Assessment report and site plan showing full details of the driveway layout. The Applicant will also be required to obtain Caltrans permit and design approvals, and submit a Construction Traffic Management Plan (CTMP) for the review and approval of Caltrans. Ventura County Watershed Protection District (VCWPD) Comment: The VCWPD has concerns on the flow of water running into the District's Moorpark Storm Drain No. 2 red line channel. This storm drain has been identified as having limited flood carrying capacity. Also, the project finding should verify compliance with the VCWPD hydrology data and 2017 Hydrology Manual and follow the Watershed Protection District "Guide for Hydrology and Hydraulic Study Report". • Staff has added a condition of approval to obtain permits required by the VCWPD prior to issuance of a building permit. No changes to the project are proposed and no significant hydrology/water quality issues have been identified in the IS/ND. Resolution No. 2020-_____ Page 48 220 Resolution No. 2020-____ Page 49 EXHIBIT B PROPOSED GENERAL PLAN DESIGNATION Very High Residential Density (VH) 221 ATTACHMENT 7 ORDINANCE NO. _____ AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF MOORPARK, APPROVING ZONE CHANGE NO. 2014-01, FOR A CHANGE OF ZONING FROM COMMERCIAL OFFICE (C-O) TO RESIDENTIAL PLANNED DEVELOPMENT (RPD 17.2U) FOR A 69 UNIT MULTI-FAMILY RESIDENTIAL CONDOMINIUM DEVELOPMENT, RECREATION CENTER, AND ASSOCIATED SITE IMPROVEMENTS AT 635 LOS ANGELES AVENUE WHEREAS, on October 14, 2014, applications for General Plan Amendment No. 2014-01, Zone Change No. 2014-01, Residential Planned Development No. 2014-02, Vesting Tentative Tract Map No. 5869, and Development Agreement No. 2014-03 were filed by Menashe Kozar for Sky Line 66, LLC, for the construction of a 69 unit multi- family residential condominium development, including a recreation center and associated site improvements, located at 635 Los Angeles Avenue; and WHEREAS, on January 28, 2020, the Planning Commission adopted Resolution No. 2020-647, recommending to the City Council to adopt a Negative Declaration and conditional approval of General Plan Amendment No. 2014-01, Zone Change No. 2014- 01, Residential Planned Development No. 2014-02, Vesting Tentative Tract Map No. 5869, and Development Agreement No. 2014-03; and WHEREAS, at a duly noticed public hearing on February 19, 2020, the City Council considered the agenda report for Zone Change No. 2014-01, Residential Planned Development No. 2014-02 and Vesting Tentative Tract Map No. 5869 and any supplements thereto and written public comments; opened the public hearing and took and considered public testimony both for and against the proposal, and reached a decision on this matter; and WHEREAS, the City Council has read, reviewed, and adopted the Negative Declaration prepared for the project referenced above and determined that there is no evidence that the project or any of its aspects may cause a significant effect on the environment. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK, DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. ZONE CHANGE FINDINGS: Based upon the information set forth in the staff report(s), accompanying studies, and oral and written public testimony, the City Council makes the following findings in accordance with the City of Moorpark, Municipal Code Section 17.44.050: A. The proposed zoning designation is consistent with the proposed General Plan land use designation. 222 Ordinance No. ____ Page 2 B. The proposed zoning designation is intended for residential development characterized by multiple family attached units and apartment and condominium buildings. C. The proposed zoning designation would support the development of residential uses with on-site recreational amenities, and be located in close proximity to major community facilities, business centers and major arterials. SECTION 2. ZONING MAP: The Zoning Map described and referenced in Chapter 17.12 of the Title 17, Zoning, of the Municipal Code of the City of Moorpark is hereby amended as shown in Exhibit A attached hereto. SECTION 3. If any section, subsection, sentence, clause, phrase, part or portion of this Ordinance is for any reason held to be invalid or unconstitutional by any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Ordinance. The City Council declares that it would have adopted this Ordinance and each section, subsection, sentence, clause, phrase, part or portion thereof, irrespective of the fact that any one or more section, subsections, sentences, clauses, phrases, parts or portions be declared invalid or unconstitutional. SECTION 4. EFFECTIVE DATE: This Ordinance shall become effective thirty (30) days after its passage and adoption. SECTION 5. CERTIFICATION OF ADOPTION: The City Clerk shall certify to the passage and adoption of this ordinance; shall enter the same in the book of original ordinances of said City; shall make a written record of the passage and adoption thereof in the minutes of the proceedings of the City Council at which the same is passed and adopted; and shall publish notice of adoption in the manner required by law. PASSED AND ADOPTED this 4th day of March, 2020. Janice S. Parvin, Mayor ATTEST: Ky Spangler City Clerk Exhibit A: Proposed Zoning Designation 223 Ordinance No. ____ Page 3 EXHIBIT A PROPOSED ZONING DESIGNATION RESIDENTIAL PLANNED DEVELOPMENT (RPD 17.2U) 224 ATTACHMENT 8 RESOLUTION NO. 2020-___ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CONDITIONALLY APPROVING RESIDENTIAL PLANNED DEVELOPMENT NO. 2014-02 AND VESTING TENTATIVE TRACT MAP NO. 5869 FOR A 69 UNIT MULTI-FAMILY RESIDENTIAL CONDOMINIUM DEVELOPMENT, RECREATION CENTER, AND ASSOCIATED SITE IMPROVEMENTS AT 635 LOS ANGELES AVENUE, ON THE APPLICATION OF MENASHE KOZAR FOR SKY LINE 66, LLC WHEREAS, on October 14, 2014, applications for General Plan Amendment No. 2014-01, Zone Change No. 2014-01, Residential Planned Development No. 2014-02, Vesting Tentative Tract Map No. 5869, and Development Agreement No. 2014-03 were filed by Menashe Kozar for Sky Line 66, LLC, for the construction of a 69 unit multi- family residential condominium development, including a recreation center and associated site improvements, located at 635 Los Angeles Avenue; and WHEREAS, on January 28, 2020, the Planning Commission adopted Resolution No. 2020-647, recommending to the City Council to adopt a Negative Declaration and conditional approval of General Plan Amendment No. 2014-01, Zone Change No. 2014- 01, Residential Planned Development No. 2014-02, Vesting Tentative Tract Map No. 5869, and Development Agreement No. 2014-03; and WHEREAS, at a duly noticed public hearing on February 19, 2020, the City Council considered the agenda report for Residential Planned Development No. 2014- 02 and Vesting Tentative Tract Map No. 5869 and any supplements thereto and written public comments; opened the public hearing and took and considered public testimony both for and against the proposal, and reached a decision on this matter; and WHEREAS, the City Council has read, reviewed, and considered the proposed Negative Declaration prepared for the project referenced above together with any comments received during the public review process and determined that there is no significant evidence that the project or any of its aspects may cause a significant effect on the environment and a Negative Declaration has been prepared for this project. WHEREAS, on February 19, 2020, the City Council adopted Resolution No. 2020-___, adopting a Negative Declaration and approving General Plan Amendment No. 2014-01 and introducing Ordinance No. ___, approving Zone Change No. 2014-01, for the project referenced above. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK, DOES HEREBY RESOLVE AS FOLLOWS: 225 Resolution No. 2020-____ Page 2 SECTION 1. PLANNED DEVELOPMENT FINDINGS: Based upon the information set forth in the staff report(s), accompanying studies, and oral and written public testimony, the City Council makes the following findings in accordance with City of Moorpark, Municipal Code Section 17.44.040: A. The site design, including structure locations, size, height, setbacks, massing, scale, architectural style and colors, and landscaping, is consistent with the goals and policies of the City's General Plan and Zoning Ordinance as proposed to be amended by General Plan Amendment No. 2014-01 and Zone Change No. 2014-01, in that the proposed project will provide multi-family condominiums as well as deed- restricted affordable housing in a design that is both comparable in scale with surrounding residential and commercial development. B. The site design would not create negative impacts on or impair the utility of properties, structures or uses in the surrounding area in that adequate provision of public access, sanitary services, and emergency services have been ensured in the processing of this request and the use proposed is similar to adjacent uses, and access to or utility of those adjacent uses are not hindered by this project. C. The proposed uses are compatible with existing and permitted uses in the surrounding area in that the project uses landscaped setbacks to isolate it from neighboring properties visually. As a denser, but less-intense category of residential use, it would not tend to create disturbances regardless of the physical context. SECTION 2. SUBDIVISION MAP ACT FINDINGS: Based upon the information set forth in the staff report(s) and accompanying maps and studies the City Council has determine that the Vesting Tentative Tract Map No. 5896, with imposition of the attached Special Conditions of Approval, meets the requirements of California Government Code Section 66474, in that: A. The proposed Vesting Tentative Tract Map is consistent with the City’s General Plan as proposed to be amended by General Plan Amendment No. 2014-01, in that it would allow for the provision of a variety of housing types as well as affordable housing in a design that is both compatible in scale with surrounding residential and commercial development. B. The design and improvements of the proposed subdivision is consistent with the General Plan as proposed to be amended by General Plan Amendment No. 2014-01, in that they will provide a variety of housing types as well as affordable housing in a design that is both compatible in scale with surrounding residential and commercial development. C. The Project site is physically suitable for the type of residential development proposed in that the site can be engineered to allow for all required utilities to be brought to the site, adequate ingress and egress can be obtained, and the site can be provided with public and emergency services. 226 Resolution No. 2020-____ Page 3 D. The Project site is physically suitable for the proposed density of development at 17.2 units per acre, in that the project complies with all applicable development standards and design requirements of the Municipal Code. E. The design of the subdivision and the proposed improvements are not likely to cause substantial environmental damage or substantially and avoidably injure fish or wildlife or their habitat because the Project site was previously graded and an Initial Study and Negative Declaration were prepared pursuant to the California Environmental Quality Act and determined that no significant environmental impacts are likely to result from the development and occupancy of the Project. F. The design of the subdivision and proposed improvements will not cause serious public health problems, in that adequate sanitation is both feasible and required as a condition of this development. G. The design of the subdivision and the type of improvements will not conflict with easements acquired by the public at large, for access through or use of the property within the proposed subdivision, in that full access to and from Los Angeles Avenue and Mission Bell Plaza shopping center easement has been incorporated into the design of the Project. SECTION 3. CITY COUNCIL APPROVAL: The City Council approves: A. Residential Planned Development No. 2014-02 and Vesting Tentative Tract Map No. 5869, subject to the Standard and Special Conditions of Approval included in Exhibit A, attached hereto and incorporated herein by reference. SECTION 4. EFFECTIVE DATE: The effective date of the approval of Residential Planned Development No. 2014-02 and Vesting Tentative Tract Map No. 5869 shall be concurrent with the effective date of the Ordinance for Zone Change No. 2014-01 and the Ordinance for Development Agreement No. 2014-03, whichever occurs last. SECTION 5. CERTIFICATION OF ADOPTION: The City Clerk shall certify to the adoption of this resolution and shall cause a certified resolution to be filed in the book of original resolutions. 227 Resolution No. 2020-____ Page 4 PASSED AND ADOPTED this 19th day of February, 2020. Janice S. Parvin, Mayor ATTEST: Ky Spangler City Clerk Exhibit A: Standard and Special Conditions of Approval for Residential Planned Development Permit No. 2014-02 and Vesting Tentative Tract Map No. 5869 228 Resolution No. 2020-____ Page 5 EXHIBIT A STANDARD AND SPECIAL CONDITIONS OF APPROVAL OF RESIDENTIAL PLANNED DEVELOPMENT PERMIT NO. 2014-02 AND VESTING TENTATIVE TRACT MAP NO. 5869 STANDARD CONDITIONS OF APPROVAL The applicant shall comply with Standard Conditions of Approval for Subdivisions and Planned Developments as adopted by City Council Resolution No. 2009-2799 (Exhibit E), except as modified by the following Special Conditions of Approval. In the event of conflict between a Standard and Special Condition of Approval, the Special Condition shall apply. SPECIAL CONDITIONS FOR RESIDENTIAL PLANNED DEVELOPMENT PERMIT NO. 2014-02 AND VESTING TENTATIVE TRACT MAP NO. 5869: 1. This planned development permit will expire two (2) years from the date of its approval unless the use has been inaugurated by issuance of a building permit for construction. The Community Development Director may, at his/her discretion, grant up to two (2) additional one-year extensions for use inauguration of the development permit, if there have been no changes in the adjacent areas and if the applicant can document that he/she has diligently worked towards use inauguration during the initial period of time. The request for extension of this planned development permit shall be made in writing, at least thirty (30) days prior to the expiration date of the permit and shall be accompanied by applicable entitlement processing deposits. 2. This subdivision will expire three (3) years from the date of its approval. The Community Development Director may, at his/her discretion, grant up to two (2) additional one-year extensions for map recordation, if there have been no changes in the adjacent areas and if the Applicant can document that he/she has diligently worked towards Map recordation during the initial period of time. The request for extension of this Map shall be made in writing, at least thirty (30) days prior to the expiration date of the map and shall be accompanied by applicable entitlement processing deposits. 3. This permit is granted for the plans on file with the Community Development Department. The project shall conform to these plans, except as otherwise specified in these conditions, or unless a permit adjustment or modification to the plans is submitted and approved. 4. Landscaping must be consistent with the City’s Landscape Guidelines, ensuring plant species are capable of effective screening where appropriate, and suitable to the demands of slope conditions and growth rates. A landscaping and irrigation plan, subject to the review and approval of the Parks and Recreation 229 Resolution No. 2020-____ Page 6 Director, Police Department, and Community Development Director must be submitted prior to issuance of a Zoning Clearance for grading. 5. Prior to issuance of building permits, developer shall submit an Arborist’s Report to the City identifying all existing trees on-site at the time of the original application for entitlements that will be or have been removed as a result of the proposed development and assessing a value based upon their size and condition. Developer shall revise landscape plans to reflect the manner in which the value of removed trees will be applied to enlarge the size or number of proposed trees on-site, subject to the approval of the Community Development Director. 6. An 8-foot high soundwall plan is required along the perimeter of the Project site. Prior to issuance of a Zoning Clearance for grading, developer shall submit a soundwall plan. Location, design, colors, material and height of all wall and interior fences shall be approved by the Community Development Director. 7. There shall be no parking on the main driveway, or along interior drive aisles. “No Stopping at Any Time” signs shall be installed or curbs painted red at the sole cost of the applicant to the satisfaction of the Ventura County Fire Prevention District and the City Engineer/Public Works Director. 8. Prior to Final Map approval and recordation, a declaration of Covenant, Conditions and Restrictions (CC&Rs) shall be submitted for the review and approval of the Community Development Director and City Attorney. The CC&Rs shall prohibit residents and guest parking in the adjacent Mission Bell Plaza parking lot. 9. Prior to Final Map approval, Homeowners Association (HOA) Covenant, Conditions and Restrictions (CC&Rs) with a parking and landscaping maintenance agreement shall be recorded to the satisfaction of the Community Development Director. The HOA landscape maintenance agreement shall identify and require the common area landscaping, and an easement to exclusively maintain the trees within the individual yards along the north, east, and westerly property lines in perpetuity. 10. As part of building permit application submittal, Sheet L1.0 (Landscape Plan) shall be revised to identify that the perimeter trees will be exclusively maintained by the Homeowners Association. Plans shall also depict an exterior gated point of access to each residential yard for HOA maintenance purposes. 11. All remainder areas not designated for resident use or vehicular maneuvering shall be landscaped, irrigated, and maintained by the Facility Operator or Homeowners Association as common area subject to the review and approval of the Community Development Director. 230 Resolution No. 2020-____ Page 7 12. Final building colors and materials must be reviewed and approved by the Community Development Director. 13. Windows facing south, west and east of the project are required to have a minimum Sound Transmission Class (STC) rating of 40. 14. Durable materials are required for trim on the ground floor levels of the homes, such as wood window trim, or ¼” minimum cementous stucco coat over foam. 15. The upper-level rear elevations of the buildings along the south property line (adjacent to Los Angeles Avenue) shall include finishes and treatments to ensure a high-quality visual aesthetic as viewed from the public right-of-way. This can include trim around windows, color/material changes, etc. Prior to issuance of building permits, Applicant shall revise elevations to the satisfaction of the Community Development Director. 16. Any proposed change to the Architecture shall be considered by the Community Development Director upon filing of a Permit Adjustment application and payment of the fee in effect at the time of application. 17. LED street lights shall be used within the project, to be owned and maintained by the Facility Operator or Homeowners Association. Design of street lighting shall be to the satisfaction of the Community Development Director and City Engineer/Public Works Director to ensure consistency with future LED street lighting to be used in the City. 18. Prior to issuance of a building permit, the applicant shall submit a lighting plan for review and approval by the Community Development Director and Police Department that demonstrates compliance with the City’s Lighting Ordinance. 19. Standards for patio covers and trellises are to be included in the Homeowners Association Covenants, Conditions, and Restrictions (CC&R’s) to the satisfaction of the Community Development Director. 20. All off-road construction equipment is required to have a Tier 3 rating, and the reactive organic compound (ROC) content of architectural coating to be used for construction phase is to be of low to zero- volatile organic compounds (VOC) (0- 25 g/L ROC). 21. Prior to issuance of permits for foundation and vertical construction, Developer shall obtain the Community Development Director’s approval of a phasing plan detailing the construction and occupancy schedule for all streets, residential buildings, and common amenities to ensure that adequate facilities are provided for future residents if phased occupancy of the units is proposed. 22. Developer shall provide proof of recordation of the Final Map prior to issuance of a building permit for foundation and vertical construction. 231 Resolution No. 2020-____ Page 8 23. Developer shall install and maintain functional fire hydrants on-site prior to the stock or storage of any construction materials on-site. 24. Developer shall contract with a Native American monitor to be present during all subsurface grading, trenching or construction activities on the project site. A copy of the contract for these services shall be submitted to the Planning Manager for review and approval prior to issuance of any grading permits. The monitoring report(s) shall be provided to the Planning Division prior to approval of final building permit signature. 25. Prior to issuance of grading or building permit, Applicant shall provide a “Will Serve” letter from water and wastewater purveyors. 26. Prior to issuance of a building permit, Applicant shall obtain permits from Ventura County Air Pollution Control District (VCAPCD), Ventura County Watershed Protection District (VCWPD) and California Department of Transportation (Caltrans). 27. Prior to issuance of the first building permit for construction of a residential unit, Applicant shall provide the Community Development Director with evidence of a recorded easement allowing access between the project and Mission Bell Plaza shopping center in perpetuity. If the location of the easement requires modification to building and/or access road locations, but the approved number of units has not changed, the Community Development Director may evaluate and approve an alternative access design between the project and Mission Bell Plaza shopping center as a permit adjustment to the Residential Planned Development Permit. 28. Everest Avenue from the western boundary of the project site to Shasta Avenue shall not be used as a point of ingress or egress to or from the project site. In addition, at such time that the City of Moorpark seeks to vacate the adjacent Everest Street right of way from Shasta Avenue to western boundary of the project site, Property Owner of 635 Los Angeles Avenue shall (a) relinquish any right of ingress or egress to or from Everest Street; (b) quitclaim any underlying rights, interest, or ownership of Everest Avenue to the City, if such rights or ownership exist; and (c) shall not acquire any right in such vacated area from an adjacent property in the future for purposes of reestablishing any ingress or egress to or from the project site. The form and contents of the required documents to effectuate the immediately preceding sentence shall be subject to City staff approval and be executed by the owner without unreasonable delay and as part of the street vacation process. 29. Prior to issuance of a building permit, Applicant shall annex into the Citywide Community Facilities District (CFD) as outlined in the Development Proposal. 232 Resolution No. 2020-____ Page 9 30. The recreation building shall be maintained as a community amenity for the residential planned development and shall not be converted to another use. Engineering / Public Works 31. Prior to issuance of a grading permit, Developer shall revise the grading, street improvements, and drainage plans to the satisfaction of the City Engineer/Public Works Director - END - 233 ATTACHMENT 9 ORDINANCE NO. _____ AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF MOORPARK, APPROVING DEVELOPMENT AGREEMENT NO. 2014-03 BY AND BETWEEN THE CITY OF MOORPARK AND SKY LINE 66, LLC, FOR GENERAL PLAN AMENDMENT NO. 2014-01, ZONE CHANGE NO. 2014-01, RESIDENTIAL PLANNED DEVELOPMENT NO. 2014-02, AND VESTING TENTATIVE TRACT MAP NO. 5869, A 69 UNIT MULTI- FAMILY RESIDENTIAL CONDOMINIUM DEVELOPMENT, RECREATION CENTER, AND ASSOCIATED SITE IMPROVEMENTS AT 635 LOS ANGELES AVENUE WHEREAS, Section 65864, Article 2.5, Chapter 4, Division 1, Title 7 of the State Planning and Zoning Law provides that cities may enter into contractual obligations known as Development Agreements with persons having equitable interest in real property for development of that property; and WHEREAS, on October 14, 2014, applications for General Plan Amendment No. 2014-01, Zone Change No. 2014-01, Residential Planned Development No. 2014-02, Vesting Tentative Tract Map No. 5869, and Development Agreement No. 2014-03 were filed by Menashe Kozar for Sky Line 66, LLC, for the construction of a 69 unit multi- family residential condominium development, including a recreation center and associated site improvements, located at 635 Los Angeles Avenue; and WHEREAS, on January 28, 2020, the Planning Commission adopted Resolution No. 2020-647, recommending to the City Council to adopt a Negative Declaration and conditional approval of General Plan Amendment No. 2014-01, Zone Change No. 2014- 01, Residential Planned Development No. 2014-02, Vesting Tentative Tract Map No. 5869, and Development Agreement No. 2014-03; and WHEREAS, at a duly noticed public hearing on February 19, 2020, the City Council considered the Development Agreement and public testimony related thereto; and WHEREAS, the City Council has considered all points of public testimony relevant to the Development Agreement and has given careful consideration to the content of the Development Agreement, and has reached a decision on the matter; and WHEREAS, on February 19, 2020, the City Council adopted Resolution No. 2020-___, adopting a Negative Declaration and approving General Plan Amendment No. 2014-01 and introducing Ordinance No. ___, approving Zone Change No. 2014-01, for the project referenced above. 234 Ordinance No. ____ Page 2 NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The City Council of the City of Moorpark does hereby find as follows: A. The provisions of the development agreement are consistent with the General Plan in that the proposed project will provide for the orderly development of land identified in the City’s General Plan and Zoning Ordinance as appropriate for residential development and the Development Agreement will strengthen the planning process by providing vesting of development rights, addressing timing of development, determining development fees, and providing affordable housing. B. The provisions of the agreement are consistent with Chapter 15.40 of the Moorpark Municipal Code in that the City is authorized to enter into a binding contractual agreement with any person having a legal or equitable interest in real property within its boundaries for the development of such property in order to establish certainty in the development process. SECTION 2: The City Council hereby adopts the Development Agreement attached hereto and incorporated herein (Exhibit A) between the City of Moorpark, a municipal corporation, and Sky Line 66, LLC and the City Clerk is hereby directed to cause one copy of the signed, adopted agreement to be recorded with the County Recorder no later than ten (10) days after the City enters into the development agreement pursuant to the requirements of Government Code Section 65868.5. SECTION 3: Upon the effective date of this ordinance, the Community Development Director shall cause the property that is the subject of the Development Agreement to be identified on the Zoning Map of the City by the designation “DA” followed by the dates of the term of said Agreement. SECTION 4. If any section, subsection, sentence, clause, phrase, part or portion of this Ordinance is for any reason held to be invalid or unconstitutional by any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Ordinance. The City Council declares that it would have adopted this Ordinance and each section, subsection, sentence, clause, phrase, part or portion thereof, irrespective of the fact that any one or more section, subsections, sentences, clauses, phrases, parts or portions be declared invalid or unconstitutional. SECTION 5. This Ordinance shall become effective thirty (30) days after its passage and adoption. 235 Ordinance No. ____ Page 3 SECTION 6. The City Clerk shall certify to the passage and adoption of this ordinance; shall enter the same in the book of original ordinances of said City; shall make a written record of the passage and adoption thereof in the minutes of the proceedings of the City Council at which the same is passed and adopted; and shall publish notice of adoption in the manner required by law. PASSED AND ADOPTED this ___ day of ____________, 2020. Janice S. Parvin, Mayor ATTEST: Ky Spangler City Clerk Exhibit A: Development Agreement with Exhibits 236 Ordinance No. ____ Page 4 EXHIBIT A DEVELOPMENT AGREEMENT Recording Requested By And When Recorded Return to: CITY CLERK CITY OF MOORPARK 799 Moorpark Avenue Moorpark, California 93021 EXEMPT FROM RECORDER'S FEES Pursuant to Government Code § 6103 DEVELOPMENT AGREEMENT BY AND BETWEEN CITY OF MOORPARK AND SKY LINE 66, LLC 237 Ordinance No. ____ Page 5 DEVELOPMENT AGREEMENT This Development Agreement the ("Agreement") is made and entered into on ______________, 2020 by and between the CITY OF MOORPARK, a municipal corporation (referred to hereinafter as "City") and SKY LINE 66, LLC, a California Limited Liability Company, the owner of real property within the City of Moorpark generally referred to as Residential Planned Development Permit 2014-02 (referred to hereinafter as "Developer"). City and Developer are referred to hereinafter collectively as a "Party" and collectively as the "Parties." In consideration of the mutual covenants and agreements contained in this Agreement, City and Developer agree as follows: 1. Recitals: This Agreement is made with respect to the following facts and for the following purposes, each of which is acknowledged as true and correct by the Parties: 1.1 Pursuant to Government Code Section 65864 et seq. and Moorpark Municipal Code Chapter 15.40, City is authorized to enter into a binding contractual agreement with any person having a legal or equitable interest in real property within its boundaries for the development of such property in order to establish certainty in the development process. 1.2 Sky Line 66, LLC, is the owner in fee simple of certain real property in the City of Moorpark identified in the legal description set forth in Exhibit “A” which exhibit is attached hereto and incorporated by reference, commonly known as 635 Los Angeles Avenue, referred to hereinafter as the “Property”. 1.3 Prior to, and in connection with, the approval of this Agreement, the City Council reviewed the project to be developed pursuant to this Agreement as required by the California Environmental Quality Act (“CEQA.”) On _______________, 2020, the City Council adopted Resolution No. 2020-____, adopting the Negative Declaration (“ND”) prepared for this Agreement and the Project Approvals as defined in Subsection 1.4 of this Agreement. 1.4 General Plan Amendment (GPA) No. 2014-01, Zone Change (ZC) No. 2014-01, Residential Planned Development (RPD) Permit No. 2014-02, Vesting Tentative Tract Map (TTM) No. 5869 including all subsequently approved modifications and permit adjustments to the RPD Permit, TTM, and all amendments thereto (collectively "the Project Approvals"; individually "a Project Approval") provide for the development of the Property with sixty-nine (69) townhouse condominiums and the construction of any improvements in connection therewith ("the Project"). 238 Ordinance No. ____ Page 6 1.5 By this Agreement, City desires to obtain the binding agreement of Developer to develop the Property in accordance with the Project Approvals and this Agreement. In consideration thereof, City agrees to limit the future exercise of certain of its governmental and proprietary powers to the extent specified in this Agreement. 1.6 By this Agreement, Developer desires to obtain the binding agreement of City to permit the development of the Property in accordance with the Project Approvals and this Agreement. In consideration thereof, Developer agrees to waive its rights to legally challenge the limitations and conditions imposed upon the development of the Property pursuant to the Project Approvals and this Agreement and to provide the public benefits and improvements specified in this Agreement. 1.7 City and Developer acknowledge and agree that the consideration to be exchanged pursuant to this Agreement is fair, just and reasonable and that this Agreement is consistent with the General Plan of City, as currently amended. 1.8 On October 22, 2019, the Planning Commission commenced a duly noticed public hearing on this Agreement, and at the conclusion of the hearing on January 28, 2020 recommended approval of this Agreement. 1.9 On __________, 2020, the City Council of City (“City Council”) commenced a duly noticed public hearing on this Agreement, and following the conclusion of the hearing closed the hearing and introduced and provided first reading to Ordinance No. ___ (“the Enabling Ordinance”) that approves this Agreement. Thereafter on __________, 2020, the City Council gave second reading to and adopted the Enabling Ordinance. 2. Property Subject To This Agreement. All of the Property shall be subject to this Agreement. The Property may also be referred to hereinafter as "the site." 3. Binding Effect. The burdens of this Agreement are binding upon, and the benefits of the Agreement inure to, each Party and each successive successor in interest thereto (subject to Subsection 3.2 below) and constitute covenants that run with the Property. Whenever the terms "City" and "Developer" are used herein, such terms shall include every successive successor in interest thereto. 3.1 Constructive Notice and Acceptance. Every person who acquires any right, title or interest in or to any portion of the Property shall be conclusively deemed to have consented and agreed to be bound by this Agreement, whether or not any reference to the Agreement is contained in the instrument by which such person acquired such right, title or interest, subject to Subsection 3.2 below. 239 Ordinance No. ____ Page 7 3.2 Release Upon Subsequent Transfer. Upon the conveyance of Developer’s interest in the Property or any portion thereof by Developer or its successor(s) in interest, the transferor shall be released from its obligations hereunder with respect to the portion of Property conveyed as of the effective date of the conveyance, provided that the transferee expressly assumes all obligations of the transferred portion of the Property and a copy of the executed assignment and assumption agreement is delivered to the City prior to the conveyance. Failure to provide a written assumption agreement hereunder shall not negate, modify or otherwise affect the liability of the transferee pursuant to this Agreement. Nothing contained herein shall be deemed to grant to City discretion to approve or deny any such conveyance, except as provided in Subsection 6.13 of this Agreement with respect to the sale of completed “affordable units” (as defined in that subsection) to qualified buyers. Notwithstanding the foregoing, this Agreement shall not be binding upon the transferee of a Completed Unit with respect to the transferee’s interest in such Completed Unit, and the rights and obligations of Developer under this Agreement shall not run with the portion of the Property that is conveyed with the Completed Unit after such conveyance of the Completed Unit by Developer or its successor in interest. For purposes of this Agreement, “Completed Unit” means a completed residential unit within the Property for which the City has issued a certificate of occupancy. 4. Development of the Property. The following provisions shall govern the subdivision, development and use of the Property. 4.1 Permitted Uses. The permitted and conditionally permitted uses of the Property shall be limited to those that are allowed by the Project Approvals and this Agreement. 4.2 Development Standards. All design and development standards, including but not limited to density or intensity of use and maximum height and size of buildings, that shall be applicable to the Property are set forth in the Project Approvals and this Agreement. 4.3 Building Standards. All construction on the Property shall adhere to all City building codes in effect at the time the plan check or permit is approved per Title 15 of the Moorpark Municipal Code and to any federal or state building requirements that are then in effect (collectively "the Building Codes"). 4.4 Reservations and Dedications. All reservations and dedications of land for public purposes that are applicable to the Property are set forth in the Project Approvals and this Agreement. 240 Ordinance No. ____ Page 8 5. Vesting of Development Rights. 5.1 Vested Right to Develop; Timing of Development. Developer and its successors in interest shall have the vested right to develop the Property in accordance with the terms and provisions of the Project Approvals and this Agreement. The Parties intend that this Agreement, together with the Project Approvals, shall serve as the controlling document for all subsequent actions, discretionary and ministerial, relating to the development and occupancy of the Property, including, without limitation, all Subsequent Approvals (as defined below). Developer shall have the right, without obligation, to develop the Property in such order and at such rate and times as Developer deems appropriate within the exercise of its subjective business judgment. No future amendment of any existing City ordinance or resolution, or future adoption of any ordinance, resolution or other action, that purports to limit the rate or timing of development over time or alter the sequencing of development phases, whether adopted or imposed by the City Council or through the initiative or referendum process, shall apply to the Property provided the Property is developed in accordance with the Project Approvals and this Agreement. Nothing in this subsection shall be construed to limit City's right to ensure that Developer timely provides all infrastructure required by the Project Approvals, Subsequent Approvals, and this Agreement. 5.2 Amendment of Project Approvals. No amendment of any of the Project Approvals, whether adopted or approved by the City Council or through the initiative or referendum process, shall apply to any portion of the Property, unless the Developer has agreed in writing to the amendment. 5.3 Issuance of Subsequent Approvals. Applications for land use approvals, entitlements and permits, including without limitation subdivision maps (e.g. tentative, vesting tentative, parcel, vesting parcel, and final maps), subdivision improvement agreements and other agreements relating to the Project, lot line adjustments, preliminary and final planned development permits, use permits, design review approvals (e.g. site plans, architectural plans and landscaping plans), encroachment permits, and sewer and water connections that are necessary to or desirable for the development of the Project (collectively "the Subsequent Approvals"; individually "a Subsequent Approval") shall be consistent with the Project Approvals and this Agreement. For purposes of this Agreement, Subsequent Approvals do not include building permits. Subsequent Approvals shall be governed by the Project Approvals and by the applicable provisions of the Moorpark General Plan, the 241 Ordinance No. ____ Page 9 Moorpark Municipal Code and other City ordinances, resolutions, rules, regulations, policies, standards and requirements as most recently adopted or approved by the City Council or through the initiative or referendum process and in effect at the time that the application for the Subsequent Approval is deemed complete by City (collectively "City Laws"), except City Laws that: (a) change any permitted or conditionally permitted uses of the Property from what is allowed by the Project Approvals; (b) limit or reduce the density or intensity of the Project, or any part thereof, or otherwise require any reduction in the number of proposed buildings or other improvements from what is allowed by the Project Approvals; (c) limit or control the rate, timing, phasing or sequencing of the approval, development or construction of all or any part of the Project in any manner, provided that all infrastructure required by the Project Approvals to serve the portion of the Property covered by the Subsequent Approval is in place or is scheduled to be in place prior to completion of construction; (d) are not uniformly applied on a citywide basis to all substantially similar types of development projects or to all properties with similar land use designations; (e) modify the land use from what is permitted by the City's General Plan Land Use Element at the Operative Date of this Agreement or that prohibits or restricts the establishment or expansion of urban services including but not limited to community sewer systems to the Project. 5.4 Modification of Approvals. Throughout the term of this Agreement, Developer shall have the right, at its election and without risk to or waiver of any right that is vested in it pursuant to this section, to apply to City for modifications to Project Approvals and Subsequent Approvals. The approval or conditional approval of any such modification shall not require an amendment to this Agreement, provided that, in addition to any other findings that may be required in order to approve or conditionally approve the modification, a finding is made that the modification is consistent with this Agreement and does not alter the permitted uses, density, intensity, maximum height, size of buildings or reservations and dedications as contained in the Project Approvals. 242 Ordinance No. ____ Page 10 5.5 Issuance of Building Permits. No Building Permit shall be unreasonably withheld or delayed from Developer if Developer is in compliance with this Agreement and the Project Approvals and Subsequent Approvals. In addition, no Final Building Permit final inspection or Certificate of Occupancy will be unreasonably withheld or delayed from Developer if all infrastructure required by the Project Approvals, Subsequent Approvals, and this Agreement to serve the portion of the Property covered by the Final Building Permit is in place or is scheduled to be in place prior to completion of construction, the Developer is in compliance with all provisions of this Agreement, the Project Approvals and Subsequent Approvals, and all of the other relevant provisions of the Project Approvals, Subsequent Approvals and this Agreement have been satisfied. Consistent with Subsection 5.1 of this Agreement, in no event shall building permits be allocated on any annual numerical basis or on any arbitrary allocation basis. 5.6 Moratorium on Development. Nothing in this Agreement shall prevent City, whether by the City Council or through the initiative or referendum process, from adopting or imposing a moratorium on the processing and issuance of Subsequent Approvals and building permits and on the finalizing of building permits by means of a final inspection or certificate of occupancy, provided that the moratorium is adopted or imposed (i) on a Citywide basis to all substantially similar types of development projects and properties with similar land use designations and (ii) as a result of a utility shortage or a reasonably foreseeable utility shortage including without limitation a shortage of water, sewer treatment capacity, electricity or natural gas. 6. Developer Agreements. 6.1 Development as a Residential Project. Developer shall comply with (i) this Agreement, (ii) the Project Approvals, (iii) all Subsequent Approvals for which it was the applicant or a successor in interest to the applicant, and (iv) ND and any subsequent or supplemental environmental actions. Developer agrees not to apply for any non- residential uses on the Property. The clubhouse and private recreational facilities are considered to be part of the residential uses. 6.2 Condition of Dedicated or Conveyed Property. All lands and interests in land dedicated to City shall be free and clear of liens and encumbrances other than easements or restrictions that do not preclude or interfere with use of the land or interest for its intended purpose, as reasonably determined by City. 243 Ordinance No. ____ Page 11 6.3 Development Fee Per Unit. As a condition of the issuance of a building permit for each residential dwelling unit within the Property, Developer shall pay City a one-time development fee as described herein (the “Development Fee”). The Development Fee may be expended by City in its sole and unfettered discretion. The amount of the Development Fee shall be Nine Thousand Two Hundred Dollars ($9,200.00) per residential unit. The Development Fee shall be adjusted annually commencing January 1, 2021, by the Consumer Price Index (CPI). The annual CPI adjustment shall be determined by using the information provided by the U.S. Department of Labor, Bureau of Labor Statistics, for all urban consumers within the Los Angeles/Long Beach/Anaheim metropolitan area during the prior year. The calculation shall be made using the month of October over the prior October. In the event there is a decrease in the referenced Index for any annual indexing, the current amount of the fee shall remain until such time as the next subsequent annual indexing which results in an increase. 6.4 Traffic Mitigation Fee. As a condition of the issuance of building permit for each residential dwelling unit within the boundaries of the Property, Developer shall pay City a one-time traffic mitigation fee as described herein (“Citywide Traffic Fee”). The Citywide Traffic Fee may be expended by City in its sole and unfettered discretion. The amount of the Citywide Traffic Fee shall be Twelve Thousand Five Hundred Dollars ($12,500.00) per residential unit. The Citywide Traffic Fee shall be adjusted annually commencing January 1, 2021 and annually thereafter by the change in the Caltrans Highway Bid Price Index (Bid Price Index) for Selected California Construction Items for the twelve (12) month period available on December 31 of the preceding year (“annual indexing”). In the event there is a decrease in the Bid Price Index for any annual indexing, the current amount of the fee shall remain until such time as the next subsequent annual indexing which results in an increase. 6.5 Los Angeles Avenue Area of Contribution (LAAOC) Fees. Developer shall pay the LAAOC fee in effect at the time of building permit issuance for each residential dwelling unit within the Property. 6.6 Air Quality Fees. Developer agrees to pay to City a one-time air quality fee, as described herein (“Air Quality Fee”), in satisfaction of the Transportation Demand Management Fund requirement for the Project. The Air Quality Fee may be expended by City in its sole discretion for reduction of regional air pollution emissions. 244 Ordinance No. ____ Page 12 The Air Quality Fee shall be One Thousand Seven Hundred Nine Dollars ($1,709.00) per residential dwelling unit within the Property to be paid prior to the issuance of a building permit for each residential dwelling unit in the Project. If the Air Quality Fee is not paid by January 1, 2021, then commencing on January 1, 2021, and annually thereafter, the Air Quality Fee shall be adjusted by any increase in the Consumer Price Index (CPI) until all fees have been paid. The CPI increase shall be determined by using the information provided by the U.S. Department of Labor, Bureau of Labor Statistics, for all urban consumers within the Los Angeles/Long Beach/Anaheim metropolitan area during the prior year. The calculation shall be made using the month of October over the prior month of October. In the event there is a decrease in the CPI for any annual indexing, the fee shall remain at its then current amount until such time as the next subsequent annual indexing which results in an increase. 6.7 Park Fees. Prior to the issuance of the building permit for each residential dwelling unit within the Property, Developer shall pay a one-time fee in lieu of the dedication of parkland and related improvements (“Park Fee”). The amount of the Park Fee shall be Ten Thousand Five Hundred Dollars ($10,500.00) for each residential dwelling unit within the Property. If the Park Fee is not paid by January 1, 2021, the Park Fee shall be adjusted annually commencing January 1, 2021 by the larger increase of a) or b) as follows: (a) The change in the CPI. The change shall be determined by using the information provided by the U.S. Department of Labor, Bureau of Labor Statistics, for all urban consumers within the Los Angeles/Long Beach/Anaheim metropolitan area during the prior year. The calculation shall be made using the month of October over the prior October; or (b) The calculation shall be made to reflect the change in the Caltrans Highway Bid Price Index (Bid Price Index) for Selected California Construction Items for the twelve (12) month period available on December 31 of the preceding year (annual indexing). In the event there is a decrease in both of the referenced Indices for any annual indexing, the Park Fee shall remain at its then current amount until such time as the next subsequent annual indexing which results in an increase. Developer agrees that the above-described payments shall be deemed to satisfy the parkland dedication requirement set forth in California Government Code Section 66477 et seq. for the Property. 245 Ordinance No. ____ Page 13 6.8 Community Services Fee. As a condition of issuance of a building permit for each residential dwelling unit within the boundaries of the Project, Developer shall pay City a one-time community services fee as described herein (Community Services Fee). The Community Services Fees may be expended by City in its sole and unfettered discretion. The amount of the Community Services Fees shall be Two Thousand Seven Hundred Dollars ($2,700.00) per residential dwelling unit. Commencing on January 1, 2021, and annually thereafter, the Community Services Fee shall be adjusted by any increase in the Consumer Price Index (CPI) until all Community Service Fee have been paid. The CPI increase shall be determined by using the information provided by the U.S. Department of Labor, Bureau of Labor Statistics, for All Urban Consumers within the Los Angeles/Long Beach/Anaheim metropolitan area during this prior year. The calculation shall be made using the month of October over the prior month of October or in the event there is a decrease in the CPI for any annual indexing, the Community Service Fee shall remain at its then current amount until such time as the next subsequent annual indexing which results in an increase. 6.9 Art in Public Places Fee. Developer agrees to pay the Art in Public Places Fee (Art Fee) in effect at the time of building permit issuance for each building prior to the issuance of the building permit for that residential building within the Project consistent with City Resolution No. 2005-2408 or any Successor Resolution (1.0 percent of total building valuations excluding land value and off-site improvement costs). 6.10 Other Development and Processing Fees. In addition to fees specifically mentioned in this Agreement, Developer agrees to pay all City capital improvement, development, and processing fees at the rate and amount in effect at the time the fee is required to be paid. Said fees include but are not limited to Library Facilities Fees, Police Facilities Fees, Fire Facilities Fees, drainage, entitlement processing fees, and plan check and permit fees for buildings and public improvements. Developer further agrees that unless specifically exempted by this Agreement, it is subject to all fees imposed by City at the Operative Date of this Agreement and such future fees imposed as determined by City in its sole discretion so long as such fees are imposed on projects similar to the Project or on property similar to the Property. 6.11 Processing Fees. On the Operative Date, Developer shall pay all outstanding City processing costs related to preparation of this Agreement, the Project Approvals and the ND. 246 Ordinance No. ____ Page 14 6.12 Community Facilities District (a) It is the mutual intent of the Parties that the development of the Project will not have any impact on or require any contribution from the General Fund of the City. To facilitate such intent, the City and Developer shall use reasonable efforts to form a Community Facilities District(s) (“CFD”), pursuant to Chapter 2.5 of Part 1 of Division 2 of the California Government Code (the “CFD Act”), for the purposes of financing facilities and services required to be constructed, provided or funded under this Agreement, as the City determines are lawfully and appropriately financed by the CFD. Such facilities and services may include but are not limited to fees, construction and installation of landscaping, and future costs for the maintenance of landscaping and irrigation of the landscaped area. (b) Developer shall: (i) file with the City a petition for the [formation of / annexation to] the CFD, (ii) provide any deposit required by Section 53318 of the CFD Act, (iii) not oppose formation of the CFD and (iv) vote in favor of the special tax to fund the CFD. (c) Developer acknowledges and agrees that the City will not accept any improvements or facilities to be maintained by the CFD nor shall the Developer receive any payments from the CFD for any improvements or facilities until such facilities and improvements have been inspected and the City determines in its reasonable discretion, that such improvements and facilities have been completed in accordance with the applicable plans, and have no liens outstanding. (d) Prior to approval of the first final map for the Project, the City Council at its sole discretion may determine that all or a part of the improvements planned to be included in the CFD may instead be placed in the Homeowners’ Association for the Project. 6.13 Densities Allowed for Development and Affordable Housing. (a) Developer agrees that densities vested and incentives and concessions received in the Project Approvals include all densities available as density bonuses and all incentives and concessions to which Developer is entitled under the Moorpark Municipal Code, Government Code Sections 65915 through 65917.5 or both; Developer shall not be entitled to further density bonuses or incentives or concessions and further agrees, in consideration for the density bonus obtained through the Project Approvals that is 247 Ordinance No. ____ Page 15 greater than would otherwise be available, to provide eleven (11) housing units, with a minimum of 1,800 square feet and three (3) bedrooms, 2.5 baths each, affordable to low income households (not to exceed 80% of median income adjusted for family size). These eleven (11) housing units may be referred to as affordable units or units affordable to low income households or required affordable units. (b) Developer explicitly acknowledges that its agreement to construct these affordable units is given both as specific consideration for both the density bonus and in general as consideration for City’s willingness to negotiate and enter into this Agreement and for the valuable consideration given by City through this Agreement. Developer further acknowledges that its agreement to construct these affordable units is not the result of an existing policy or regulation imposed by City but instead is the result of arm’s length negotiation between Parties. (c) Developer further agrees that it shall provide the required number of affordable housing units as specified above regardless of the cost to acquire or construct said housing units. Developer further agrees that City has no obligation to use eminent domain proceedings to acquire any of the required affordable housing units and that this Subsection 6.13 is specifically exempt from the requirements of Subsection 7.2. (d) Prior to recordation of the first Final Map for this Project, the parties agree to execute an Affordable Housing Purchase and Sale Agreement (Affordable Housing Agreement) that sets forth the Developer’s and City’s obligations and provides procedures and requirements to ensure that all of the required affordable housing units are provided consistent with this Agreement and applicable State laws and remains affordable for the longest feasible time. The Affordable Housing Agreement shall include but not be limited to the following items: Initial Purchase Price, market value, buyer eligibility, affordability and resale covenants and restrictions, equity share and second trust deed provision, respective role of City and Developer, the responsibility of providing the affordable units by each developer in the event of successors and/or assigns to this Agreement, quality of and responsibility for selection of amenities and applicability of home warranties to meet all or a portion of its obligation and any other items determined necessary by the City. Developer shall pay the City’s direct costs for preparation and review of the Affordable Housing Agreement up to a maximum of ten-thousand Dollars ($10,000.00). 248 Ordinance No. ____ Page 16 (e) All affordable units shall meet the criteria of all California Health and Safety Code statutes and implementing regulations pertaining to for-sale Affordable Housing units so as to qualify as newly affordable to low income households and to satisfy a portion of the City’s Regional Housing Needs Allocation (RHNA) obligation. The affordable units required by this Agreement are consideration for City’s entry into this Agreement and therefore none of the affordable units shall duplicate or substitute for the affordable housing requirement of any other developer or development project. All subsequent approvals required of City under this Subsection 6.13 shall be made at City’s sole discretion. If any conflict exists between this Agreement and the Affordable Housing Agreement required by and negotiated pursuant to this Agreement or the conditions of approval for Tentative Tract Map No. 5869 and/or RPD Permit No. 2014-02, then the Affordable Housing Agreement shall prevail. (f) In the event the monthly Homeowner Association (HOA) fees exceed two hundred dollars ($200.00), Developer shall deposit one hundred twenty dollars ($120.00) for each dollar or portion thereof of the monthly HOA fees that are in excess of two hundred dollars ($200.00) into a City administered trust account to assist with future HOA fees for each affected unit. (g) The Affordable Sales Price for low-income buyers shall not exceed affordable housing cost, as defined in Sec. 50052.5(b) (3) of California Health and Safety Code. Section 50052.5(h) of the California Health and Safety Code provides that an appropriate household size in terms of determining purchase price is one more person than the number of bedrooms. This means that the pricing for a three (3) bedroom unit will be based on a household of four (4) regardless of the actual size of the household purchasing the unit. For example, the monthly “affordable housing cost” for a three (3) bedroom unit would be 30% times 70% of the current median income for a household of four (4) in Ventura County, divided by twelve (12). This monthly amount includes the components identified in Section 6920 of Title 25 of the California Code of Regulation shown below (See Section 50052.5(c) of the Health and Safety Code). The Affordable Sales Price for a low income household purchasing a three (3) bedroom unit under current market conditions, based upon the following assumptions: 249 Ordinance No. ____ Page 17 Item Detail Amount 3 Bedroom Affordable Sale $214,000.00 Down Payment 5% of Affordable Sales Price $10,700.00 Loan Amount Affordable Sales Price less Down $203,300.00 Interest Rate 4.65% Monthly Property Tax 1.25% of Initial Purchase Price 223.00 LMD Not Currently N/A HOA 200.00 Fire Insurance 20.00 Maintenance 30.00 Utilities 186.00 Low Income Buyer (h) The assumptions associated with the above purchase price figures for low income households include a 5% down payment, based on Affordable Sales Price for a three (3) bedroom unit, mortgage interest rate of 4.65%, no mortgage insurance, property tax rate of 1.25%, based on Affordable Sales Price, homeowners’ association dues of $200.00 per month, fire insurance of $20.00 per month, maintenance costs of $30.00 per month, and utilities of $186.00 per month for a three (3) bedroom unit. (i) Developer acknowledges that changes in market conditions may result in changes to the Affordable Sales Price, down payment amounts, mortgage interest rates, and other factors for both low income and very low income buyers. Furthermore, if “affordable housing cost”, as defined in Section 50052.5 of California Health and Safety Code, should change in the future, the above guidelines will be modified. The Affordable Housing Purchase and Sale Agreement negotiated pursuant to this Agreement shall address this potential change. Developer acknowledges that amounts listed in the “Low Income Buyer” table in Subsection 6.13(g), above, are for illustration purposes only and are subject to change. (j) In the event the City, at its sole discretion purchases one or more of the units from Developer in lieu of a qualified buyer, the Affordable Sales Price shall be based on a household size appropriate to the number of bedrooms in the unit being purchased by the City, consistent with all requirements of 250 Ordinance No. ____ Page 18 this Subsection 6.13. Developer agrees that, pursuant to City’s rights under this Agreement and/or the Affordable Housing Agreement and prior to and upon the sale of a required unit to a qualified buyer (or City in lieu of a qualified buyer as determined by City at its sole discretion), City may at its sole discretion take any actions and impose any conditions on said sale or subsequent sale of the unit to ensure ongoing affordability to low income households and related matters. After the sale of a housing unit by Developer to a qualified buyer (or City in lieu of a qualified buyer as determined by City at its sole discretion), City, not Developer, shall have sole responsibility for approving any subsequent sale of that housing unit. (k) Developer agrees that City shall be responsible at its sole discretion for marketing the affordable units, selecting and qualifying eligible buyers for these units, and overseeing the escrow processes to sell the affordable units to low income households; and providing the forms of Deed of Trust, Promissory Note, Resale Refinance Restriction Agreement and Option to Purchase Property and Notice of Affordability Restriction on Transfer of Property and all necessary contracts and related documents to ensure that the referenced affordable units remain occupied by low income households for the longest feasible time (the “Affordability Documents”). Developer further agrees that the difference between the Affordable Sales Price (as referenced in this Agreement) paid by a qualified buyer and market value shall be retained by City as a second deed of trust. (l) Developer shall pay closing costs for each affordable unit, not to exceed eight thousand dollars ($8,000.00). Beginning January 1, 2021 and on January 1st for each year thereafter, the maximum eight thousand dollars ($8,000.00) to be paid for closing costs shall be increased annually by any percentage increase in the Consumer Price Index (CPI) for All Urban Consumers for Los Angeles/Long Beach/Anaheim metropolitan area during the prior year. The calculation shall be made using the month of October over the month of October. In the event there is a decrease in the CPI for any annual indexing, the closing costs for each affordable unit shall remain at its then current amount until such time as the next subsequent annual indexing which results in an increase. The referenced Developer funded closing costs shall be for the benefit of qualified buyers (or City in lieu of qualified buyers if one or more of the required units are purchased by the City) in their acquisition of a unit from Developer not Developer’s acquisition of a unit from one or more third parties. The Developer’s escrow cost shall not 251 Ordinance No. ____ Page 19 exceed the then applicable maximum amount per unit regardless of the number of escrows that may be opened on a specific unit. (m) Developer warrants that the quality of materials and construction techniques of the affordable units sold to the qualified low income buyers, or City shall in all manner be identical to that of all other units constructed in this Project and subject to all Conditions of Approval and shall meet all Building Codes. (n) The City shall have the same choices of basic finish options as purchasers of market rate units in this Project and final walk-through approval of condition of unit before close of sale. Any basic finish options provided to buyers of market rate units shall be provided to City or buyer(s) of the affordable units, including but not limited to color and style choices for carpeting and other floor coverings, counter tops, roofing materials, exterior stucco and trim of any type, fixtures, and other decorative items. City staff person responsible for affordable housing will select basic finish options for the affordable units. (o) Developer agrees that all warranties for the affordable units shall be the same or better than those for the market rate units, all such warranties shall inure to the benefit of and be enforceable by the ultimate occupants of the affordable units and that all warranties by subcontractors and suppliers shall inure to the benefit of and be enforceable by such occupants. The home warranties for the affordable units shall be the same duration as the warranties for the market rate units and not less than the maximum time required by State law but in no event less than ten (10) years. (p) Developer agrees to provide the same amenities for the affordable units (purchased by the low income buyer, or City) as those amenities that are provided for the market rate units. The amenities shall include but not be limited to concrete roof tiles; air conditioning/central heating; garage door opener; fireplaces; washer/dryer hook-ups; garbage disposal; built-in dishwasher, stove, oven and microwave; windows; wood cabinets; shelving; counter-tops; floor coverings; window coverings; electrical outlets, lighting fixtures and other electrical items; plumbing fixtures including sinks, toilets, bathtubs and showers; and door and cabinet hardware, and shall all be of the same quality and quantity as provided in the Project’s market rate units as determined by the City’s Community Development Director and City staff person responsible for City’s Affordable Housing Programs. 252 Ordinance No. ____ Page 20 (q) The floor plan and size of the units shall be approved by the Community Development Director and City staff person responsible for City’s Affordable Housing Programs, and include a downstairs bathroom. (r) The parties agree that prior to and upon the sale of an affordable unit to a qualified buyer or City, City may at its sole discretion take any actions and impose any conditions on buyer eligibility and on said sale or subsequent sale of the unit to ensure ongoing affordability to low income households and related matters. Developer agrees if it sells any of the affordable units directly to qualified low income buyers, all requirements of the buyer, including, but not limited to, completion of a City approved homebuyer education training workshop and the Affordability Documents, shall be included as a requirement of the sale. The language of all such documents shall be approved by City at its sole discretion. City has sole discretion in selecting lenders, escrow and title companies and real estate professionals to assist with the sale of the affordable units. (s) In the event City is unable to provide a qualified buyer when one of the low-income units has received final inspection approval, Developer shall be allowed to continue to obtain building permits and/or final inspection approval for the non- affordable units. Any low-income units remaining unsold six (6) months after the final inspection approval of the 69th unit will be purchased by the City, as provided for in the Affordable Housing Agreement. Developer is required to maintain low-income units in move-in condition until such time as the City finds a buyer. For purposes of this schedule, final inspection approval requires approval of the City’s Building Official and Community Development Director. (t) Developer also agrees that subsidiaries, divisions or affiliates of Developer may not be used to provide lending, escrow or other services relevant to the purchase transactions for the affordable units. (u) If a qualified low income buyer is identified by City prior to or at the time of final inspection approval of any of the affordable units, Developer shall open escrow for the sale of said unit as provided for in the Affordable Housing Agreement, and shall enter escrow directly with the buyer identified by City, and proceed to closing of said escrow. If a qualified low income buyer has not been identified at the time Developer receives final inspection approval for an affordable unit, City, at its option, may agree to purchase the 253 Ordinance No. ____ Page 21 affordable unit required to be provided by Developer for the amount and at the time as provided for in this agreement. Developer and City agree to use their best efforts to complete the close of escrow within forty-five (45) days of the final inspection approval of an affordable unit. (v) Developer shall satisfy all mechanic’s, laborer’s, material man’s, supplier’s, or vendor’s liens and any construction loan or other financing affecting any unit or lot in the Project which has been designated for an affordable unit, before the close of escrow for that affordable unit. (w) Developer agrees that the required construction of the low income affordable units must receive final inspection approval by Developer on terms consistent with this Agreement and the Affordable Housing Agreement as specified in the following schedule: Prior to Occupancy of Number of Affordable Units 20th Unit 3 40th Unit 3 60th Unit 3 69th Unit 2 Total 11 (x) The required affordable units within the Project shall be designated as unit numbers in the Buildings within the Project consistent with Exhibit “C” attached hereto and incorporated herein. The City Manager or the City Manager’s designee may approve in writing different unit numbers within the Project so long as the unit contains no less than 1,800 square feet, with a minimum of three (3) bedrooms and 2.5 baths each. (y) Developer shall provide the initial buyer of each Completed Unit in the Project a disclosure that the Project includes eleven (11) residential dwelling units that will be sold to qualified low income households. The disclosures shall also state that these eleven (11) residential dwelling units have deed restrictions recorded on their title that restrict the re- sale of these units only to qualified low income buyers. The form and language of the disclosure shall be approved by the City Attorney and Community Development Director and shall conform to all requirements of the applicable State agencies pertaining to real estate disclosures. 254 Ordinance No. ____ Page 22 6.14 Annual Review Procedures. Developer agrees to comply with Section 15.40.150 of the Moorpark Municipal Code and any provision amendatory or supplementary thereto for annual review of this Agreement and further agrees that the annual review shall include evaluation of its compliance with the approved Project conditions of approval. 6.15 Eminent Domain. Developer agrees that any election to acquire property by eminent domain shall be at City’s sole discretion, and only after compliance with all legally required procedures including but not limited to a hearing on a proposed resolution of necessity. 6.16 Implementation Plan. Prior to the submittal of an application for any subdivision, or any other development project or entitlement application, Developer shall submit and gain approval from City Council a plan to guarantee the Developer agreements contained in this Agreement and in the conditions of approval for the VTTM and RPD. The plan shall address the entities responsible and method and timing of guarantee for each component of Developer’s obligations and is subject to City approval at its sole discretion. 6.17 Fee Protest Waiver. Developer agrees that any fees and payments pursuant to this Agreement and for the Project shall be made without reservation, and Developer expressly waives the right to payment of any such fees under protest pursuant to California Government Code Section 66020 and statutes amendatory or supplementary thereto. Developer further agrees that the fees it has agreed to pay pursuant to Subsections 6.3, 6.4 and 6.8 of this Agreement are not public improvement fees collected pursuant to Government Code Section 66006 and statutes amendatory or supplementary thereto. 6.18 CPI Indexes. In the event the “CPI” referred to in Subsections 6.3, 6.4, 6.6, 6.7 and 6.8 or the Bid Price Index referred to in Subsections 6.4 and 6.7 are discontinued or revised, a successor index with which the “CPI” and or Bid Price Index are replaced shall be used in order to obtain substantially the same result as would otherwise have been obtained if either or both the “CPI” and Bid Price Index had not been discontinued or revised. 6.19 City Ability to Modify. Developer acknowledges the City’s ability to modify the development standards and to change the General Plan designation and zoning of the Property upon the termination or expiration of this Agreement (if the Project has not been built), and Developer hereby waives any rights they might otherwise have to seek judicial review of such City actions to change the development 255 Ordinance No. ____ Page 23 standards, General Plan designation and zoning to those development standards and density of permitted development to that in existence prior to the approval of GPA No. 2014-01 and ZC No. 2014-01. 6.20 Homeowners Association. Prior to recordation of the first final map for the Property, if required by City at its sole discretion, Developer shall form one or more property owner associations to assume ownership and maintenance of private recreation, private streets, parking lots, landscape areas, flood control and NPDES facilities and other amenities within the Project. The obligation of said Homeowners Associations shall be more specifically defined in the conditions of approval of the first tentative tract or parcel map for the property. 7. City Agreements. 7.1 Commitment of Resources. At Developer’s expense, City shall commit reasonable time and resources of City staff to work with Developer on the processing of applications for Project Approvals and all Subsequent Approvals and Building Permits for the Project area and if requested in writing by Developer shall use overtime and independent contractors whenever possible. 7.2 Easement and Fee Title Acquisitions. If requested in writing by Developer and limited to City’s legal authority, City at its sole and absolute discretion shall proceed to acquire, at Developer’s sole cost and expense, easements or fee title to land in which Developer does not have title or interest in order to allow construction of public improvements required of Developer including any land which is outside City's legal boundaries. The process shall generally follow Government Code Section 66462.5 et seq. and shall include the obligation of Developer to enter into an agreement with City, guaranteed by cash deposits and other security as the City may require, to pay all City costs including but not limited to, acquisition of the interest, attorney fees, appraisal fees, engineering fees, City staff costs, and City overhead expenses of 15% on all out-of-pocket costs. 7.3 Concurrent Entitlement Processing. City agrees that whenever possible as determined by City in its sole discretion to process concurrently all land use entitlements for the Project so long as the application for such entitlements are “deemed complete” in compliance with the requirements of Chapter 4.5 Review and approval of Development Projects (Permit Streamlining Act) of the California Government Code. 256 Ordinance No. ____ Page 24 7.4 Park Fees. City agrees that the Park Fee required under Subsection 6.7 of this Agreement meets all of Developer's obligations under applicable law for park land dedication. 7.5 Reimbursements from other Developments. City shall facilitate the reimbursement to Developer of any costs incurred by Developer that may be subject to partial reimbursement from other developers as a condition of approval of a tract map, development permit or development agreement with one or more other developers and at City’s discretion may include provisions requiring such reimbursement to Developer for the same in such other development project conditions of approval. 7.6 Early Grading Agreement. The City Manager is authorized sign an early grading agreement on behalf of the City to allow rough grading of the Project prior to City Council approval of a final subdivision map. Said early grading agreement shall be consistent with the conditions of the Project approved tentative map and contingent on City Engineer and Director of Community Development acceptance of a performance bond in a form and amount satisfactory to them to guarantee implementation of the erosion control plan and completion of the rough grading; construction of on-site and off-site improvements consistent with the City Council approved Project and Tentative Map. In the case of failure to comply with the terms and conditions of the early grading agreement, the City Council may by resolution declare the surety forfeited. 8. Supersession of Agreement by Change of Law. In the event that any state or federal law or regulation enacted after the date the Enabling Ordinance was adopted by the City Council prevents or precludes compliance with any provision of the Agreement, such provision shall be deemed modified or suspended to comply with such state or federal law or regulation, as reasonably determined necessary by City. 9. Demonstration of Good Faith Compliance. In order to ascertain compliance by Developer with the provisions of this Agreement, the Agreement shall be reviewed annually in accordance with Moorpark Municipal Code Chapter 15.40. of City or any successor thereof then in effect. The failure of City to conduct any such annual review shall not, in any manner, constitute a breach of this Agreement by City, diminish, impede, or abrogate the obligations of Developer hereunder or render this Agreement invalid or void. At the same time as the referenced annual review, City shall also review Developer’s compliance with the MMRP. 10. Authorized Delays. Performance by any Party of its obligations hereunder, other than payment of fees, shall be excused during any period of "Excusable Delay", as hereinafter defined, provided that the Party claiming the delay gives written notice of the delay to the other 257 Ordinance No. ____ Page 25 Parties as soon as possible after the same has been ascertained. For purposes hereof, Excusable Delay shall mean delay that directly affects, and is beyond the reasonable control of, the Party claiming the delay, including without limitation: (a) act of God; (b) civil commotion; (c) riot; (d) strike, picketing or other labor dispute; (e) shortage of materials or supplies; (f) damage to work in progress by reason of fire, flood, earthquake or other casualty; (g) failure, delay or inability of City or other local government entity to provide adequate levels of public services, facilities or infrastructure to the Property including, by way of example only, the lack of water to serve any portion of the Property due to drought; (h) delay caused by a delay by other third party entities which are required to approve plans or documents for Developer to construct the Project, or restrictions imposed or mandated by such other third party entities or governmental entities other than City, (including but not limited to, Ventura County Watershed Protection District); or (i) litigation brought by a third party attacking the validity of this Agreement, a Project Approval, a Subsequent Approval or any other action necessary for development of the Project. 11. Default Provisions. 11.1 Default by Developer. The Developer shall be deemed to have breached this Agreement if it: (a) Practices, or attempts to practice, any fraud or deceit upon City; or willfully violates any order, ruling or decision of any regulatory or judicial body having jurisdiction over the Property or the Project, provided that Developer may contest any such order, ruling or decision by appropriate proceedings conducted in good faith, in which event no breach of this Agreement shall be deemed to have occurred unless and until there is a final adjudication adverse to Developer; or (b) Fails to make any payments required under this Agreement within five (5) business days after City gives written notice to Developer that the same is due and payable; or (c) Breaches any of the other provisions of this Agreement and fails to cure the same within thirty (30) days after City gives written notice to Developer of such breach (or, if the breach is not able to be cured within such thirty (30) day period, Developer fails to start to cure the same within thirty (30) days after delivery of written notice by City of such breach or fails to thereafter diligently prosecute the cure to completion). 258 Ordinance No. ____ Page 26 11.2 Default by City. City shall be in breach of this Agreement if it breaches any of the provisions of this Agreement and fails to cure the breach within thirty (30) days after Developer gives written notice to City of the breach (or, if the breach is not able to be cured within such thirty (30) day period, City fails to start to cure the same within thirty (30) days after delivery of written notice from Developer of such breach or fails to thereafter diligently prosecute the cure to completion). 11.3 Content of Notice of Violation. Every notice of breach shall state with specificity that it is given pursuant to this section of this Agreement, the nature of the alleged breach, and the manner in which the breach may be satisfactorily cured. Every notice shall state the applicable period to cure. The notices shall be given in accordance with Section 20 hereof. 11.4 Remedies for Breach. The Parties acknowledge that remedies at law, including without limitation money damages, would be inadequate for breach of this Agreement by any Party due to the size, nature and scope of the Project. The Parties also acknowledge that it would not be feasible of possible to restore the Property to its natural condition once implementation of the Agreement has begun. Therefore, the Parties agree that the remedies for breach of this Agreement shall be limited to the remedies expressly set forth in this subsection. The remedies for breach of the Agreement by the City shall be injunctive relief and/or specific performance. The remedies for breach of the Agreement by the Developer shall be injunctive relief and/or specific performance. In addition, and notwithstanding any other language of this Agreement, if the breach is of Subsection 6.13 or 6.14 of this Agreement, City shall have the right to withhold the issuance of building permits from the date that the notice of violation was given pursuant to Subsection 11.3 hereof until the date that the breach is cured as provided in the notice of violation. Nothing in this subsection shall be deemed to preclude City from prosecuting a criminal action against Developer if it violates any City ordinance or State statute. 12. Mortgage Protection. 12.1 Discretion to Encumber. The Parties hereto agree that this Agreement shall not prevent or limit Developer, in any manner, at Developer’s sole discretion, from encumbering the Property or any portion thereof or any improvements thereon then owned by such person with any mortgage, deed of trust or other security device 259 Ordinance No. ____ Page 27 (“Mortgage”) securing financing with respect to the Property or such portion. Any mortgagee or trust deed beneficiary of the Property or any portion thereof or any improvements thereon and its successors and assigns (“Mortgagee”) shall be entitled to the following rights and privileges. 12.2 Lender Requested Modification/Interpretation. City acknowledges that the lenders providing financing to Developer for the Property may request certain interpretations and modifications of this Agreement. City therefore agrees upon request, from time to time, to meet with Developer and representatives of such lenders to discuss in good faith any such request for interpretation or modification. The City will not unreasonably withhold its consent to any such requested interpretation or modification provided such interpretation or modification is consistent with the intent and purposes of this Agreement, provided, further, that any modifications of this Agreement shall be subject to the provisions of this Agreement pertaining to modifications and amendments. 12.3 Mortgage Protection. This Agreement shall be superior and senior to the lien of any Mortgage. Notwithstanding the foregoing, no breach of this Agreement shall defeat, render invalid, diminish or impair the lien of any binding and effective against the Mortgagee and every owner of the Property, or part thereof, whose title thereto is acquired by foreclosure, trustee sale or otherwise; provided, however, Mortgagee and such owner shall not be responsible for any matters that occurred prior to their acquisition of the Property or such portion. 12.4 Written Notice of Default. If a non-monetary default is not cured by Developer within thirty (30) days after written notice by City to Developer or a monetary default is not cured with in five (5) days after written notice by City to Developer, then each Mortgagee shall be entitled to received written notice from City of the applicable default by Developer under this Agreement provided the Mortgagee has delivered a written request to the City for such notice and shall have provided its address for notices in writing to the City. Each such Mortgagee shall have a further right, but not the obligation, to cure such default for an additional period of thirty (30) days after delivery of such notice of default by City to the Mortgagee. City shall not commence legal action against Developer by reason of Developer’s breach without allowing the Mortgagee to cure the same as specified herein. 13. Estoppel Certificate. At any time and from time to time, Developer may deliver written notice to City and City may deliver written notice to Developer requesting that such Party certify in writing that, to the knowledge of the certifying Party, (i) this Agreement is in full force and effect and a binding obligation of the Parties, (ii) this Agreement has not 260 Ordinance No. ____ Page 28 been amended, or if amended, the identity of each amendment, and (iii) the requesting Party is not in breach of this Agreement, or if in breach, a description of each such breach. The Party receiving such a request shall execute and return the certificate within ten (10) days following receipt of the notice. City acknowledges that a certificate may be relied upon by successors in interest to the Developer who requested the certificate and by holders of record of deeds of trust on the portion of the Property in which that Developer has a legal interest. 14. Administration of Agreement. Any consent or approval herein to be given by the City may be given by the City Manager provided it is expressed and is in writing. Any decision by City staff concerning the interpretation and administration of this Agreement and development of the Property in accordance herewith may be appealed by the Developer to the City Council, provided that any such appeal shall be filed with the City Clerk of City within ten (10) days after the affected Developer receives written notice of the staff decision. The City Council shall render its decision to affirm, reverse or modify the staff decision within thirty (30) days after the appeal was filed. The Developer shall not seek judicial review of any staff decision without first having exhausted its remedies pursuant to this section. 15. Amendment or Termination by Mutual Consent. In accordance with the provisions of Chapter 15.40 of the Moorpark Municipal Code of City or any successor thereof then in effect, this Agreement may be amended or terminated, in whole or in part, by mutual consent of City and the affected Developer. 15.1 Exemption for Amendments of Project Approvals. No amendment to a Project Approval or Subsequent Approvals shall require an amendment to this Agreement and any such amendment shall be deemed to be incorporated into this Agreement at the time that the amendment becomes effective, provided that the amendment is consistent with this Agreement and does not alter the permitted uses, density, intensity, maximum height, size of buildings or reservations and dedications as contained in the Project Approvals or Subsequent Approvals. 16. Developer Indemnification. Developer shall indemnify, defend with counsel approved by City, and hold harmless City and its officers, employees and agents from and against any and all losses, liabilities, fines, penalties, costs, claims, demands, damages, injuries or judgments arising out of, or resulting in any way from, Developer's performance pursuant to this Agreement including, but not limited to, Developer’s construction of the Project on the Property and construction of improvements on the City Site and any injury sustained by any person in connection with the construction or partial construction of buildings and improvements on the Property and City Site. 261 Ordinance No. ____ Page 29 Developer shall indemnify, defend with counsel approved by City, and hold harmless City and its officers, employees and agents from and against any action or proceeding to attack, review, set aside, void or annul this Agreement, or any provision thereof, the environmental documents prepared and approved in connection with the approval of the Project, or any Project Approval or Subsequent Approval or modifications thereto, or any other subsequent entitlements for the project and including any related environmental approval. 17. Time of Essence. Time is of the essence for each provision of this Agreement of which time is an element. 18. Operative Date. As described in Subsection 1.9 above, this Agreement shall become operative on the Operative Date, being the date the Enabling Ordinance becomes effective pursuant to Government Code Section 36937. 19. Term. This Agreement shall remain in full force and effect for a term of twenty (20) years commencing on the Operative Date or until one year after the issuance of the final building permit for occupancy of the last unit of the Project whichever occurs last, unless said term is amended or the Agreement is sooner terminated as otherwise provided herein. Expiration of the term or earlier termination of this Agreement shall not automatically affect any Project Approval or Subsequent Approval or Building Permit or Final Building Permit that has been granted or any right or obligation arising independently from such Project Approval or Subsequent Approval or Building Permit or Final Building Permit. Upon expiration of the term or earlier termination of this Agreement, the Parties shall execute any document reasonably requested by any Party to remove this Agreement from the public records as to the Property, and every portion thereof, to the extent permitted by applicable laws. Notwithstanding the foregoing, the following shall survive the expiration or earlier termination of this Agreement: (i) all obligations arising under this Agreement prior to the expiration or earlier termination of this Agreement; and (ii) Subsection 6.19 of this Agreement. 20. Notices. All notices and other communications given pursuant to this Agreement shall be in writing and shall be deemed received when personally delivered or upon the third (3rd) day after deposit in the United States mail, registered or certified, postage prepaid, return receipt requested, to the Parties at the addresses set forth in Exhibit “B” attached hereto and incorporated herein. Any Party may, from time to time, by written notice to the other, designate a different address which shall be substituted for the one above specified. 262 Ordinance No. ____ Page 30 21. Entire Agreement. This Agreement and those exhibits and documents referenced herein contain the entire agreement between the Parties regarding the subject matter hereof, and all prior agreements or understandings, oral or written, are hereby merged herein. This Agreement shall not be amended, except as expressly provided herein. 22. Waiver. No waiver of any provision of this Agreement shall constitute a waiver of any other provision, whether or not similar; nor shall any such waiver constitute a continuing or subsequent waiver of the same provision. No waiver shall be binding, unless it is executed in writing by a duly authorized representative of the Party against whom enforcement of the waiver is sought. 23. Severability. If any provision of this Agreement is determined by a court of competent jurisdiction to be invalid or unenforceable, the remainder of this Agreement shall be effective to the extent the remaining provisions are not rendered impractical to perform, taking into consideration the purposes of this Agreement. 24. Relationship of the Parties. Each Party acknowledges that, in entering into and performing under this Agreement, it is acting as an independent entity and not as an agent of any of the other Parties in any respect. Nothing contained herein or in any document executed in connection herewith shall be construed as creating the relationship of partners, joint ventures or any other association of any kind or nature between City and Developer, jointly or severally. 25. No Third Party Beneficiaries. This Agreement is made and entered into for the sole benefit of the Parties and their successors in interest. No other person shall have any right of action based upon any provision of this Agreement. 26. Recordation of Agreement and Amendments. This Agreement and any amendment thereof shall be recorded with the County Recorder of the County of Ventura by the City Clerk of City within the period required by Chapter 15.40 of the Moorpark Municipal Code of City or any successor thereof then in effect. 27. Cooperation Between City and Developer. City and Developer shall execute and deliver to the other all such other and further instruments and documents as may be necessary to carry out the purposes of this Agreement. 28. Rules of Construction. The captions and headings of the various sections and subsections of this Agreement are for convenience of reference only, and they shall not constitute a part of this Agreement for any other purpose or affect interpretation of the Agreement. Should any provision of this Agreement be found to be in conflict with any provision of the 263 Ordinance No. ____ Page 31 Purchase and Sale Agreement, the Project Approvals or the Subsequent Approvals, the provision of this Agreement shall prevail. 29. Joint Preparation. This Agreement shall be deemed to have been prepared jointly and equally by the Parties, and it shall not be construed against any Party on the ground that the Party prepared the Agreement or caused it to be prepared. 30. Governing Law and Venue. This Agreement is made, entered into, and executed in the County of Ventura, California, and the laws of the State of California shall govern its interpretation and enforcement. Any action, suit or proceeding related to, or arising from, this Agreement shall be filed in the appropriate court having jurisdiction in the County of Ventura. 31. Attorneys' Fees. In the event any action, suit or proceeding is brought for the enforcement or declaration of any right or obligation pursuant to, or as a result of any alleged breach of, this Agreement, the prevailing Party shall be entitled to its reasonable attorneys' fees and litigation expenses and costs, and any judgment, order or decree rendered in such action, suit or proceeding shall include an award thereof. 32. Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, but all of which constitute one and the same instrument. 33. Authority to Execute. Developer warrants and represents that to its knowledge as of the Operative Date and with respect to each entity that is defined as Developer: (i) it is duly organized and existing; (ii) it is duly authorized to execute and deliver this Agreement; (iii) by so executing this Agreement, Developer is formally bound to the provisions of this Agreement; (iv) Developer’s entering into and performance of its obligations set forth in this Agreement do not violate any provision of any other agreement to which Developer is bound; and (v) there is no existing or threatened litigation or legal proceeding of which Developer is aware that could prevent Developer from entering into or performing its obligations set forth in this Agreement. 264 Ordinance No. ____ Page 32 IN WITNESS WHEREOF, the Parties have executed this Development Agreement effective as of the Operative Date. CITY OF MOORPARK Janice S. Parvin, Mayor ATTEST: Ky Spangler, City Clerk SKY LINE 66 LLC, a California limited liability company By: Menashe Kozar, President and Manager 265 Ordinance No. ____ Page 33 EXHIBIT “A” LEGAL DESCRIPTION 266 Ordinance No. ____ Page 34 EXHIBIT “B” ADDRESSES OF PARTIES To City: City of Moorpark 799 Moorpark Avenue Moorpark, CA 93021 Attn: City Manager To Developer: Menashe Kozar, President and Manager Sky Line 66, LLC 23622 Calabasas Road, #121 Calabasas, CA 91302 267 Ordinance No. ____ Page 35 EXHIBIT “C” LISTING OF AFFORDABLE UNITS Unit Number Bedroom Size Unit Size (sq. ft.) Unit 6 3 Bedrooms, plus 2 ½ Bathrooms 2,033 sq. ft. Unit 8 3 Bedrooms, plus 2 ½ Bathrooms 2,033 sq. ft. Unit 12 3 Bedrooms, plus 2 ½ Bathrooms 2,033 sq. ft. Unit 14 3 Bedrooms, plus 2 ½ Bathrooms 2,033 sq. ft. Unit 19 3 Bedrooms, plus 2 ½ Bathrooms 2,033 sq. ft. Unit 21 3 Bedrooms, plus 2 ½ Bathrooms 2,033 sq. ft. Unit 25 3 Bedrooms, plus 2 ½ Bathrooms 1,929 sq. ft. Unit 27 3 Bedrooms, plus 2 ½ Bathrooms 1,929 sq. ft. Unit 53 3 Bedrooms, plus 2 ½ Bathrooms 1,929 sq. ft. Unit 65 3 Bedrooms, plus 2 ½ Bathrooms 1,929 sq. ft. Unit 68 3 Bedrooms, plus 2 ½ Bathrooms 2,033 sq. ft. List of eleven (11) required Affordable Units is based upon Sheet A0.1 (Building Area Analysis) of the City Council approved Architectural Plans. 268