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HomeMy WebLinkAbout08/06/2002 City Council Study Session Item 1City Council Study Session Study Session Item 1 August 6, 2002 at 5:00 P.M. Conference Room CC -8 Presentation by AERA ENERGY LLC Regarding Proposed 3,000 acre Master Planned Community I. Background Aera Energy LLC has proposed development of 3,000 acres of vacant land generally located south and west of the City limits. Approximately ten percent of the property held by Aera is located east of the Orange (57) Freeway within the City Sphere -of -Influence (SOI). The balance of the property is located west of the freeway extending to Harbor Boulevard within unincorporated territory of Los Angeles County and Orange County. Aera is proposing a residential development of approximately 100 homes upon the 300 acres located adjacent to the Diamond Bar City boundary within our SOI. The master development plan for the remaining 2,700 acres indicates an additional 3,500 homes, golf course, sports complex (near Harbor Boulevard), 30 to 35 acres of freeway oriented commercial development and an open space / wildlife corridor are planned. Aera Energy LLC was formed in 1997 and is jointly owned by Shell and ExxonMobil. Aera is a leading producer of oil and gas in California. Comprised of approximately 1,100 employees, Aera produces approximately 250,000 barrels of oil and 90 million cubic feet of natural gas each day. Oil production within the referenced properties is now phasing out. Similar to a recently completed residential home and golf course development in Yorba Linda upon former oil producing fields, Aera has proposed a master planned community for the property. Aera has submitted its project to the County for development entitlement processing. The purpose of the presentation is to introduce the project to the City and answer any questions the City Council may have regarding the proposal. 11. Potential Next Steps a. Working with the City Council SOI / Annexation Sub -committee, prepare a report for the City Council review regarding the required tasks, timeline and recommendations for annexation of property. b. Negotiate with Aera and prepare a Pre -Annexation Agreement for properties of interest to the City of Diamond Bar. C. Prepare and submit an application to the Local Agency Formation Commission (LAFCO) to annex the 300 -acre site located within our SOI. d. Commence a General Plan Amendment and prepare an annexation application to LAFCO in order to annex properties of interest currently located outside of the City of Diamond Bar SOI. III, Recommendation It is recommended that the City Council direct staff to work with the Sub- committee to develop a plan to expand the Sol and annex adjacent properties into the City of Diamond Bar. Attachment Aera Energy OutReach publication jds