The land upon which the original Chino Hills city hall was built has been sold to Trumark Homes, LLC for $11.6 million.
The developer will build 76 residential units on the property at the southeast corner of Grand Avenue and Founders Drive.
City manager Rad Bartlam said Trumark provided a very conceptual plan that shows a “hybrid” of a duplex unit because the zoning requires the units to be attached.
“They are configuring a joint porch-type of entry,” he said. “My take is that the units will look and feel like detached homes.”
The 11.67-acre site was rezoned from high to medium-density during the general plan update hearings after it was determined that 125 units could be moved from the site to Tres Hermanos, located on both sides of Grand Avenue, where they are “parked” to meet the city’s affordable housing mandates.
The city made $32,600 by auctioning off 11 items including the two modulars that housed the fire district headquarters and recreation office, playground equipment, a walkway patio cover, light poles, and a 230kw generator.
Trumark was selected from the following bidders: Lewis Acquisition Company, Tom Cao, Quail Capital, and Foremost Acquisition. Baldwin Park Homes withdrew its bid.
Bids were required to be submitted for both a 15 percent affordable housing requirement and an alternate 100 percent market rate requirement.
Trumark is the same developer approved by the city council to build 110 residential units on 3.4 acres of retail for a “mixed use” concept integrating housing and retail on the north side of Soquel Canyon Parkway between Los Serranos Country Club Drive and the 71 Freeway.
The proceeds from the sale of Founders will be used to retire the general fund debt, said Mr. Bartlam. He explained that the debt was for the in-house loans taken from several funds to create the government center, community park, and The Shoppes, which he described as a complex financial arrangement.
“The loan was just about $12 million so the sale of Founders will allow us to retire that debt,” Mr. Bartlam said.
The site was long ago slated for an aquatics and gymnasium but over the years, it was determined to be a very expensive endeavor because of maintenance and utility costs, said Councilman Peter Rogers.
When the economic downturn hit, the city began to sour on being able to afford the facility, Mr. Rogers said.
Another factor that changed the city’s direction was when the community center, planned for the old city yard, had to be relocated because of the Tehachapi lines. The new location on Peyton, slated for residential units, forced a transfer of those units to the Founders site.
To recoup the financial loss from that transfer, it was decided to nix the pool and sell Founders instead, Councilman Rogers said.