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Home My WebLink AboutAUGUST 10, 2021 WORKSHOP MINUTES jN�+•B� -1 S4G s1a $s��' c"„�1��‘Li.pp Oe ®G* ‘U ca a C�µ.Win. ' �� so��7 pq�r Op OUR� p�l' 46 VIRGINIA BEACH CITY COUNCIL Virginia Beach, Virginia August 10, 2021 Mayor Robert M. Dyer called to order the CITY COUNCIL WORKSHOP in the City Council Chamber, City Hall, on Tuesday,August 10, 2021, at 6:10 P.M. Council Members Present: Michael F. Berlucchi, Mayor Robert M. Dyer, Barbara M. Henley, Louis R. Jones, John D. Moss, Guy K. Tower, Rosemary Wilson, Vice Mayor James L. Wood and Sabrina D. Wooten Council Members Absent: Aaron R. Rouse- Vacation 2 CITY MANAGER'S BRIEFINGS DOME SITE/ATLANTIC PARK DEVELOPMENT UPDATE 6:11 P.M. Mayor Dyer welcomed Ronald H. Williams, Jr., Deputy City Manager. Mr. Williams expressed his appreciation to City Council for their continued support: Atlantic Park Development Updates City Council Directional Briefing August 10, 2021 Here are Today's Agenda Items: Today's Agenda Items 1. Atlantic Park Special Exception for Alternative Compliance & Street Closure Applications docketed for August 17"' City Council meeting 2. Atlantic Park Community Development Authority Public Hearing docketed for August 179' City Council meeting 3. Pending Atlantic Park Development Agreement Amendments -41144111 August 10, 2021 3 CITY MANAGER'S BRIEFINGS DOME SITE/ATLANTIC PARK DEVELOPMENT UPDATE (Continued) Here is an overview of the Development Phases: Due Diligence Phase Pre-Development Closing and Phase Development 1 Determine entertainment • Additional due diligence,if • Approval of venue location necessary development plans and ✓ General Contractor ✓ Architect and consultant development budget selection approval • Lease agreement ✓ Financing commitment • Design and construction • Parking agreement progress plans advanced to • Condominium regime ✓ Finalize preliminary master agreeable percentage, • Special service district plan memorialized by progress creation • Acquisition of additional approval memos land • Preparation of • Zoning,Street Closure, development budgets and Traffic&Subdivision Guaranteed Maximum Requirements Price(GMP)purchase • Petition for creation of costs Atlantic Park CDA Atlantic Park Alternative Compliance & Partial Street Closure August 10, 2021 4 CITY MANAGER'S BRIEFINGS DOME SITE/ATLANTIC PARK DEVELOPMENT UPDATE (Continued) Here is an overview of the Atlantic Park Alternative Compliance&Partial Street Closure Application: • Request for Alternative Atlantic Park-Cm mng Compliance for maximum GernslertV7UR- O6l26/2@t building height,building �•�� setbacks,building types,and ----.-•. conditional uses ,..._•.� ;� "- • Proposal to 2 mixed-use buildings with residential, "-.. commercial,structured r. parking,indoor/outdoor ar entertainment venue,outdoor """'• "- - "Suif Paik" 111440so • Project meets all Review N• _ ""•� Standards for Alternative Compliance m the Oceanfront form BasedCode • 6 recommended conditions • address roadway improvements,streetscapes, M...�•� traffic management during events,time limits for outdoorNOTE _ amplified music ''„e/� Document na gxu ro•y«.n down intent and orcnrnvra;owri 5 The next several slides provide an overview of the Atlantic Park Community Development Authority (CDA): Atlantic Park Community Development Authority August 10, 2021 5 CITY MANAGER'S BRIEFINGS DOME SITE/ATLANTIC PARK DEVELOPMENT UPDATE (Continued) Atlantic Park CDA • Community Development Authority included in original Atlantic Park Development Agreement as part of financing plan • VBDA approved petition to City Council for creation of CDA on June 15th • Public Hearing for creation of CDA scheduled for August 17'h City Council meeting • Ordinance for Council consideration scheduled for September 7th City Council meeting Performance Grant Incentive Up to $5M annually for 20 years * 2.025%Sales Tax tlantic Pa f Estate$0.25 Real l/1ili;;: ommunity Atlantic E 1.5%Sales Itievelopment Park 'NB nd 100% AuthoritTax yFi na B ncing Admissions* Virgmin Bradh 20%Meals* *Excluding the Entertainment Venue NOTE:All revenue generated by Atlantic Park development a August 10, 2021 6 CITY MANAGER'S BRIEFINGS DOME SITE/ATLANTIC PARK DEVELOPMENT UPDATE (Continued) Bond Financing & Project Construction Fund • The City will create a Community Development Authority (CDA) to leverage the combined public/private investments and facilitate development and financing • The CDA is only applicable to the project components and real estate of Atlantic Park • Bonds issued by the CDA will not be City debt nor obligation • The members of the CDA board will be members of the City Council • Project Construction Fund will be created to pay for other project components. The fund serves as a form of gap financing --4411111111111 Primary Purpose of the CDA • Issue bonds to finance a portion of the parking garages and streetscapes • CDA bonds will be repaid with Performance Grant revenues • There will be additional real estate and admissions taxes in the CDA District to support CDA obligations • These Special Tax Revenues are part of the Performance Grant and imposed by the CDA only on the Atlantic Park development -4414111 August 10, 2021 7 CITY MANAGER'S BRIEFINGS DOME SITE/ATLANTIC PARK DEVELOPMENT UPDATE (Continued) Development Agreement Project Acquisition Bond Proceeds In Project Parking Construction c Construction Fund AB $49.5 M Parking' Fund 04,44 Streetscapes $7.5 M' Construction Fund Streetscapes Virginia Beach $39.2 M' Project Entertainment p Construction Fund r Venue VIRGINIA BEACH Construction Draws •Funded by TIP Furl -c. WHAT IS A CDA? • It uses a project's tax revenues to pay for infrastructure within a given area • It is requested by the property owner • It levies additional real estate taxes inside the CDA district • It can issue and sell bonds to pay for the eligible costs • It will levy a supplemental tax inside the CDA district to backstop bonds if the full amount of grant proceeds are not earned • It is managed by a Board of Directors(in our case, members of City Council) What a CDA Isn't: • It isn't an"Authority"like an EDA or RHA- Its"authority"is limited to the District • It cannot issue City debt (NOT supported by"full faith and credit"of the City) August 10, 2021 8 CITY MANAGER'S BRIEFINGS DOME SITE/ATLANTIC PARK DEVELOPMENT UPDATE (Continued) The next three (3)slides provide an overview of Atlantic Park Development Agreement Pending Amendments: Atlantic Park Development Agreement Pending Amendments Development Agreement Amendments • Allows for project phasing • Phase 1 north of 18th Street • Phase 2 incorporates properties south of 18th Street • Modifies Performance Grant Cap to allow for phasing • $3M for Phase 1 and $2M for Phase 2 • Further defines Garage Parking Agreement • Addresses the Operating& Maintenance Contribution, the Replacement Reserve Contribution and potential valet services 41111111111 August 10, 2021 9 CITY MANAGER'S BRIEFINGS DOME SITE/ATLANTIC PARK DEVELOPMENT UPDATE (Continued) Development Agreement Amendments • Administrative matters such as approving general contractor and architectural firms and the Pre-Development Budget and the location of the Entertainment Venue • Consideration of extending Pre-Development Phase • Potentially extends Outside Financing Commitment Date to align with Pre-Development Phase • Amended Development Agreement is required to sent to the Virginia General Assembly 30 days prior to execution to meet requirements of the "Knight-Wagner" authorizing legislation Here are the Next Steps: Next Steps • August 1 Th— Public Hearing for Atlantic Park CDA • August 17th —Alternative Compliance Application • September 7th— Ordinance for Creation of Atlantic Park CDA • TBD —Atlantic Park Development Agreement Amendments Mayor Dyer expressed his appreciation to Mr. Williams for the presentation. August 10, 2021 10 CITY MANAGER'S BRIEFINGS THOMAS A. BROWN PLANNING APPLICATIONS 6:19 P.M. Mayor Dyer welcomed Bobby Tajan, Director - Planning and Community Development. Mr. Tajan expressed his appreciation to City Council for their continued support and distributed copies of the presentation, attached hereto and made a part of the record. Mayor Dyer expressed his appreciation to Mr. Tajan for the presentation. August 10, 2021 r M CAI r 1 GSM' �.; ... p1 Tx W \ , , \p„ Ai V0111,4* :'.„,' - ' ' ' '- ''' .'.' ' „:„.-'. ,..: .. - . . „#,...° i It lk 2888 & 2892 Indian River Road Subdivision Variances NEOCity Council Briefing — City Council Workshop Virginia Beach Summary • Development potential of existing lots • Review of the proposals • Recommended conditions • Questions Virginia Bcac►i Planning and Community Development I August 10, 2021 City Council Briefing 2 ExistingLots 2888 Indian River Road • Two existing lots \ A , . .; t / ./„ 4 c • Smaller 10k sf. lot 11 Aif' �`""� ' created by deed ,..,.�«�.r• ' " �`�` ,,, ,./ * rirx hip and previously I �. .mn V;,/ ' 7 developed with a - .: r _-'• single-family x'""'�'" residence „� • , . `,ie • Two-acre lot • legally created Existing 15' j \ .,�, •}t, private access • Zoned AG-1 """"' lane �, • » ,\-. nN ua r C R.�4 OM Mg0I�t / / w ws�wr .rig NiB Planningand CommunityDevelopment I August 10, 2021 CityCouncil Briefing Virginia Beach P 9 3 Development Potential 2888 Indian River Road Fr , , .r. . „ , • Front yard setback — 4 .,. 50 ft. � 8 .cb=7( • Side yard setback — it. NOW OR FORMERLY 20 ft. ,, GPM: 1493- 34-Ko a2 QNsTR. z3aQ02576 00) • Rear yard setback — M.B. 62, P. 43)If , e, 20 ft. ';• 4r . i / To : • Buildable area of FoRY N. _� / Existing 30x60 ( 1 ,800sq . ft. ) , A. eROm - 15 3_33_ ). `� . private : I 21000232120) 4) ' , / 13,0access 1 ,' lane Planning\/B . .._ and CommunityDevelopment I August 10, 2021 CityCouncil Briefing4 Virginia Beach P 9 Existing Lots 2892 ..:. , .., . Indian River Road �`-......„, ,,, .., • Two existing buildable lots ,..... ,w" • ow N - ba prswo0+* fre r r • Zoned AG-2 , 1.156 1.44 4 2 acres - acres N r Io e PAS . NN Existing 15' private access . ;r lane oHD/q'y 1°76RIV jQ` w,,tij� EXHiBT RESUBOMSION THOMAS a BROWN 11VB V Planning and Community Development I August 10, 2021 City Council Briefing 5 Virginia Beach Existing lots 2888 & 2892 Indian River Road • Potential to develop on existing 4 lots • Utilize existing 15' wide private lane for access (no significant improvements required ) • Grading and drainage plans would only be required to show positive drainage if land disturbance is less than 1 acre for individual lot • Individual plans can be submitted not showing any relation to other lots \IB Virginia Beach Planning and Community Development I August 10, 2021 City Council Briefing 6 II Proposali 5 r, TM AI, - • Resubdivide lots to face private lane and to 4 -r: more evenly distribute land area ,..�;;� f *M•/1w1 • Widen private lane (ingress/egress easement) ! - ;' -, from 15 ft. to 25 ft. with 20 ft. of pavement to I ..,.,,. handle Fire Department access '� ;, , '� • Provide engineered turnaround at end of __ private lane �:, E • Lots 2, 4, and 5 to provide a 20 ft. tree - • =— preservation easement j 1 ,; gi n TMV�" 370'04N 2E92 IVCIA� R VER ROAD I. ��yc gm,wr-t- 1 • Connect to public sanitary sewer 147. GEOR NIA 1.M AC. f. -- .. - en Proposed 25' 4oNN _„. ingress/egress and -, RWD \B .„:„..„ ...... . . private utility L 2 �.f cc easement11141,1 Virginia Beach Planning and Community Development I August 10, 2021 City Council Briefing �`'•�y, : '� „� 7 .. Ititi44 a \, / GPft'44 ,SC • , . Public water ,s,4,i. \/ (PEP poiso -- - • . ", 7/ - It (1NSTR.#2090925000814370) • -- and sanitary ; .isic., ..,, 7,. ,45 CAGE F ' ;\ 7'sewer \ ', tN. 4,......4.•:. - - - - .4.1 ;\ . ., 2 82.00 4V 4 available \. . /. PARCEL 5 -- . , _ PARCEL 2 LP 44333 SOFT. (easements • 0 _ _ _ - - 1018 ACRES ' 0/ // 43 (Pdpkiptrt v ---..___, g,,, •4e 0) • ...-• required) 404,_ ,.. ftoo.,„,,, _ .4.,"4. \ / cs...s.osk• CZ.'4;::i*SUBDIMSION OF 93 CANDir , VILLAGE F ;•,- -- -,•k(3-. eP_-.' '(, .,- , -q -2- cy--..-j.c,\• ' •Itit ,, • .....,E13,a,.„‘,,3 % ' ,•,, -,- .MN( ",,ict%';‘',•14,-,,.-„,,i---..!As/pap 04,6444A,.. %cv ' • 09 • 2' "' ‘ •CA F•F •'•• INN, , el.. .? . (NSTR F2-' 1 WEST NECK-- ROER-Y UNE (NSTR#2. 0190925000814370 . 7 NERDY ESTABUSHED 4'• * •••. -39), c--) NO TH, , i:41 , , 51.908 SO FT • ,i,,4,...•••••4.. (INSTR.i. , i/f I/ ........? •.192 ACRES )11";* ••* !,. / , ••••.:v APPROXIMATE LOCATION 25 MATE ' PROPOSED ' / -HAMMERHEAD Al ,, , ..•.::, PR°4111fgEASDADTT (3,335 SO. CF PARCEL , 9. ^ /4,44* ,../.... TURN-AROUND" : *.<0 •ft:** .8 / ,5?z" *.- ,,,,,.., PARCEL 1 kiv , . . ,. . , . . ..,,,, go ,-PROPERT1 UNES .•c? NOW OR FORMERLY ,e., 63,668 SO TT 1 14.RPPROXIMAlAnCRIAX 1.462 ACRES 44 AUTT EASINENT --, ,../ 1EREBY VACATED I, ,i?' ^) '-15.0' THOMAS A. BROWN (4,217 SOFT Cf DARCE.1 , / •,gt, GP IN: 1493-44-0216 e 4 ,. ,),, 40`4,tfo- c\'>' ONSTR.120170816000699800) 4 - *I? !*S PK") 41,/'/c , 61;"( :.4)'a • AI/ .44:-.- :,',..' it'Zir 1. 97: +St'''. /*. •••"S° tf 1 ,4..... ., i e,- • •••• R a4 ft O( / 4 1, 0,4•• ...' le / ....,..•,, .. 1,. •:,.... , , - 0. ,.. •• §47.41 /i."4:$ ' •fo, • ...._. •,...., •--,,,ow OR FORMERLY , P. . 1140MAS A.9R01114 Pin(F).:',•;•- ;e".. GM 1493-34-MO (PISTR MO09040008'8970) e ee -NOW OR FORMERLY ••• (via.46.P 1) NOW OR FORMERLY v::::'' THOMAS A. BROWN THOMAS A. 8RONN 'No,„ • xe GP1N: 1493-34-8082 \B 'WI RI VE7) Virginia Beach Planning and Community Development I August 10, 2021 City Council Briefing 8 Staff information update • Public Utilities provided a memo noting concerns of utility connections to private lots • Feasibility of connections not fully explored • Additional condition recommended that requires all lots to connect to City sanitary sewer service • Applicant agrees to proposed condition • Additional condition recommended requiring all lots accessing private lane and associated lane/infrastructure improvements will be submitted as a unified site plan • Applicant does not agree to proposed condition NIB Virginia Bcach Planning and Community Development I August 10, 2021 City Council Briefing 9 11 ADJOURNMENT Mayor Robert M. Dyer DECLARED the City Council Workshop ADJOURNED at 6:36 P.M. 4111 Terri H. Chelius Chief Deputy City Clerk { A da es,MMC Robert M. Dyer C Clerk Mayor City of Virginia Beach Virginia August 10, 2021