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EL MONTE INFORMATION |
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The City of El Monte’s Community Redevelopment Agency is committed to improving neighborhoods and revitalizing existing businesses, encouraging new investment, new opportunities for shopping and recreation, as well as rehabilitating and adding to the housing stock in El Monte.
In fulfillment of these goals, when appropriate the Redevelopment Division works in conjunction with other city departments and private agencies to eliminate deterioration and blight through one or all of the following activities: Rehabilitation, or reconstruction of existing buildings Redesign of sites and assembly of irregular parcels Assistance to private development in forms of reduced land costs and loans Clearance of existing structures to prepare acquired land for reuse Financing public infrastructure improvements Financing the rehabilitation and development of affordable housing
INTERIM DEPUTY CITY MANAGER OF COMMUNITY DEVELOPMENT
Interim Assistant City Manager Jesus Gomez
Telephone: (626) 580-2249 Email: Redevelopment Division General Mailbox
What are the benefits to citizens living within a Redevelopment Project Area? Through redevelopment, a project area can receive focused attention and financial investment to help revitalize existing businesses and attract new development, create jobs, rehabilitate and add to the existing housing stock, as well as gain active participation from residents.
What is a Redevelopment Plan? A redevelopment plan represents a framework within which specific projects will be undertaken. The plan provides the redevelopment agency with powers to buy and sell land within area covered in the plan, improve dilapidated facilities, and to use tax increment financing.
What is a Project Area? A project area is the area in which the actual redevelopment will take place. The project area must first go through a lengthy planning process during which residents and business owners who may be included in the project area have a chance to express their views. After a public hearing, the redevelopment agency adopts the project area and becomes responsible for planning future improvements.
How do Redevelopment Agencies secure funds? State law provides redevelopment agencies with the power to raise funds for redevelopment through a method called “tax increment financing.” On the date the redevelopment plan is approved the property within the boundaries of the project area is assessed a total property value. If the value of the property increases in subsequent years a portion of the new taxes derived from this increased value goes to the Redevelopment Agency. The Redevelopment Agency may also issue bonds that are later repaid with the revenue generated from tax increment monies.
Will property taxes be raised? No. Any sale, development or rehabilitation of property generally causes a rise in property value but not an increase in tax rate.
If I am in a redevelopment project area does that mean that I will have to leave my home? Living in a redevelopment project area does not mean you will have to move. Redevelopment is a planning process that is designed to fulfill the needs and desires of the majority of residents and business owners for the improvement of the community. Only properties that are essential for the revitalization of a blighted area will be purchased by the Redevelopment Agency.
What happens if my property is acquired by the Redevelopment Agency? When it is necessary to acquire a property within a project area the Redevelopment Agency will pay fair market value (i.e. the value the property would have if it was placed on the market and sold). The occupants may be eligible for relocation benefits that include: · · Assistance in finding a new location
What are the community wide benefits of redevelopment? More job opportunities (retail, services, office, and/or manufacturing jobs). |
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City of El Monte Considered For A High Speed Rail Station
A High Speed Rail Station in the El Monte Transit Village would be home to one of the largest Centralized Public Transportation Artery in the Los Angeles County El Monte will have the Largest Bus Station west of Chicago Currently El Monte Transit Station Provides Transportation To 22,000 Travelers per Day When Completed over 50,000 per day MTA, Foothill Transit, Greyhound, Metro Link, El Monte Transportation Services, Gold Line, Ramona Bus Rapid Transit Corridor
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Agency Meetings 1ST and 3rd Tuesday of every month
11333 Valley Blvd.
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Upcoming Projects |
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SANTE FE TRAIL PLAZA http://www.ci.el-monte.ca.us/citygov/redevelopment/pdf/SantaFeTrailPlaza.pdf
Plans for a California Department of Motor Vehicles coming to El Monte (Arden Drive) |
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El Monte Gateway / Transit Village Project Town Hall Meeting March 25, 2010 7:00 p.m. Community Center “Community Briefing on Transit Village Project”
The New Bus Terminal & Parking Structure construction has been started, the Ramona Terminal Underpass Entrance has been approved for construction, Restaurants & Housing Developments are planned for the surrounding area , and the City is working to implement a Bus Transit Route utilizing synchronized traffic signals along the Old Ramona Avenue “Red Line” providing commuters a quick alternate transportation from Pomona to El Monte Bus Terminal.
This Project will provide businesses the perfect opportunity to come to City of El Monte, and be part of this development. The Transit Village is the Largest Centralized Public Transportation Artery of Los Angeles County.
City of El Monte is one of the few cities still being considered for a High Speed Rail Station |
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National developers may breath new life into El Monte's $600 million transit village
By Rebecca Kimitch, Staff Writer
EL MONTE - A team of national developers will take over the stalled effort to turn the barren property surrounding the El Monte bus station into a village of homes and shops, city officials announced this week.
The City Council authorized city staff to enter into an exclusive negotiation agreement with four developers - the Related Companies, Primestor Development, Lee Homes and McCormack Baron Salazar. Together they have a portfolio that ranges from the Time Warner Center in New York City to Plaza del Sol in South El Monte. City manager René Bobadilla called it a "dream team" of developers.
Steven Nakada, the city's advising architect on the project, took it a step further. "This is not just a dream team for any project... It is site-specific to El Monte. They understand the demographics here, the sense of place here, the community and identity of El Monte," Nakada said.
And they understand the city's vision for the site, off the 10 Freeway at Santa Anita Avenue, planners said. "They will bring their expertise to work within a framework that we've developed," said Samuel Lira, the city's real estate advisor.
That framework consists of 125,000 square feet of retail space and 650 condominiums and apartments - a mix of affordable and market rate - in six buildings on the 22-acre property north of Ramona Boulevard and west of Santa Anita.
The idea is to create a mixed-use village of stores, cafes and restaurants on the ground floor of some buildings, and housing above. Pathways, plazas and green spaces would connect the new development with the Valley Mall across the street.
At the heart will be the new, $45-million El Monte transit center being built by the Metropolitan Transportation Authority to replace the 35-year-old bus depot on the site. Originally dubbed the transit village, because of its tie to the bus station, officials are now calling the development El Monte Gateway.
Additional phases for the development propose office buildings, a civic center, and parks on areas on and around the site, though they are not contemplated as part of the current developer negotiations. The transit village project has been in the works for years. But it was derailed a year ago when two executives from the previous developer, Transit Village LLC/Titan Development, were arrested in June on felony charges, including fraud, embezzlement and theft. When Titan dropped out of the project, city leaders decided to take greater control.
William Witte, president of Related California, praised the city for improving the development after the setback.
"The city has done an excellent job of re-envisioning its potential in a way that can make sense in this economy," he said.
City officials chose Related and the other developers from among 17 interested companies, among them high-profile names like Lewis Company and Shea Properties.
The winners were selected based on their experience, capital and financial capabilities, and their willingness to work with the community over the long term, Bobadilla said.
"These are companies that won't just build and run away," he said. And they will finance the $400 million-$600 million project largely on their own, except for a $26 million state grant for infrastructure and up to $30 million in city redevelopment bonds for infrastructure.
Related Companies will have master developer duties - preparing the site as a whole, building the necessary infrastructure and coordinating the grant, according to Lira. And the company will develop the market-rate rental apartments.
Primestor will also take a lead in the development and will be responsible for commercial properties on the site. It was selected in part because of its experience working with culturally diverse neighborhoods, including in the San Gabriel Valley, said El Monte redevelopment attorney Dave Gondek.
McCormack Baron Salazar will build the affordable housing units, something it has done in projects around the country. The company worked with Related to build the mixed-income housing project Pueblo del Sol in Boyle Heights.
And Lee Homes, which has built homes and lofts throughout Southern California, including Vista del Sol in East Los Angeles, will develop the market rate condominiums.
While the developer selection is a major step in the process, it will be at least four to five years before residents can expect to rent a new apartment or shop in the development, Lira said.
Once the exclusive negotiating agreement is signed, which is expected in the next few days, the city and the developers will begin working out a disposition and development agreement, including details on whether the city will sell or lease the property to the developers.
"We are going to find an agreement that rewards both the development and the community," Gondek said. The developers may also make adjustments to the city's plan, though city officials do not expect major changes.
City leaders hope to bring a detailed agreement and plan before the community in four months.
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Arden Drive & Valley Blvd. |
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DMV / Sports Fields / 120’ Water Tower |
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Santa Anita & Ramona Underpass Transit Village Civic Center |
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Vision El Monte |
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Proposal to Relocate Airport to build a Sports Complex |
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El Monte opens door to Wal-Mart |
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3360 & 3380 Flair Drive http://www.ci.el-monte.ca.us/citygov/redevelopment/pdf/3360-3380FlairDrive.pdf |
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Southwest Quadrant of Valley Blvd. & Baldwin Avenue http://www.ci.el-monte.ca.us/citygov/redevelopment/pdf/9920ValleyBlvd.pdf |
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SE Corner of Garvey & Tyler http://www.ci.el-monte.ca.us/citygov/redevelopment/pdf/Garvey-Tyler.pdf |
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Vacant Land Available |
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Pre-Lease / Pre-Construction Available |
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Pacific Trade Center 4000 Arden Drive http://www.ci.el-monte.ca.us/citygov/redevelopment/pdf/PacificTradeCenter.pdf
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Buildings For Sale |
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Northwest El Monte |
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El Monte Center |
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El Monte Center Amendment No. 1 |
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The Northwest El Monte Redevelopment Project Area is one of the largest project areas in the city. It encompasses 410 acres of industrial land and was adopted in 1993. Current projects in this area include Pacific Place on Valley Blvd., east of Arden Dr. and a proposed senior housing complex across the street. |
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The El Monte Center Project Area was adopted in 1983 and included 60 acres of commercial property. The Redevelopment Agency has assisted in the development of a community shopping center that includes a Denny’s Restaurant, Big K-Mart, Dearden’s Department Store, and a HomeTown Buffet. The El Monte Center Project Area is also home to Longo Toyota, the No. 1 auto dealership by sales and volume in the nation. |
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The El Monte Center Amendment No. 1 Project Area was created in 1989 and consists of an additional 114 acres of commercial land. In 1996, the Agency assisted in the development of a Nissan dealership. Nelson Honda, Nelson Dodge and Scott Pontiac soon followed. Together these auto dealerships, along with nearby El Monte Ford, form the El Monte Auto Center along the San Bernardino I-10 Freeway. |
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Downtown El Monte |
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The Downtown El Monte Project Area was implemented in 1987 and encompasses 213 acres. Redevelopment efforts have resulted in the development of the Santa Fe Plaza, a neighborhood commercial center that includes El Pollo Loco, H & R Block, Rite Aid, Beneficial Household Bank, and El Sombrero Restaurant. The TELACU Amador Manor, a multi-unit senior housing development was also recently completed with the assistance of the Redevelopment Agency. Current projects include Vista del Valle, 35 detached homes behind Valley Mall, and a proposed retail complex on Valley Blvd. and Santa Anita Ave. |
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Santa Anita/Tyler |
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The Santa Anita/Tyler Project Area was adopted in 1984 and resulted in the development of two 2-story 64,400 square foot office buildings adjacent to the El Monte Airport. |
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Ramona/Valley |
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Plaza El Monte |
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El Monte Plaza |
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The Ramona/Valley Project Area was adopted in 1982 and is occupied by a Bank of America branch office. |
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The Plaza El Monte Project Area was adopted in 1981 and contains a neighborhood shopping center that is anchored by Payless Shoe Source and King Taco Restaurant. |
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The El Monte Plaza Project Area was adopted in 1978 and consists of a neighborhood shopping center that is anchored by Albertson’s, and is surrounded by a number of retail shops, including as Blockbuster Video, Enterprise Rent a Car, and Baskin Robbins. |
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Downtown El Monte Added Area |
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The Added Area to the Downtown El Monte Project Area contains 231 acres of commercial, residential, and industrial land and was adopted in 2001. This new project area focuses on the revitalization of the residential neighborhoods by adding new street trees, repairing sidewalks, and providing grants & loans for property improvements, as well as providing opportunities for new development. |
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9400 Flair Drive, El Monte, CA
11705 Valley Blvd, El Monte, CA
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East Valley Mall |
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The East Valley Mall Project Area was the first project area in El Monte. The redevelopment agency issued a bond to assist in the development of El Monte Executive Plaza, a 6 story professional office building. This project area is also currently the site of Cal Fed Bank. |
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