Don Cook, president of DC Corporation, requested that South El Monte waive $150,324 worth of fees for the senior and affordable housing project, according to an inter-office memo dated March 10. The item is scheduled to appear before the council in the near future, possibly at Tuesday’s council meeting. Here is an exceprt from the memo, written to City Manager Anthony Ybarra by Cook:
“It has already been determined by the Improvement District and Staff that this project could not be built without assistance from the Improvement District, which the District Board has provided. It is inconsistent for the District Board to provide gap financing for the project in order to make the project viable and then have the City require tens of thousands of dollars in fees. I oder to avoid this “Peter to pay Paul” scenarios we request the aboive listed fees be waived by the City. Not only is this logical on its face, it ic consistent with how other cities in the Valley participate in the development of senior and affordable housing,” wrote Cook.
Cook continues, writing that this project has continued to be delayed. In a Triibune article in 2005, DC Corp. unveilved its project plans:
Another mixed-use project on the horizon by developer DC Corp. at Michael Hunt Drive and Peck Road will feature senior housing as well as retail, which includes a drugstore and beauty shop, said Don Cook , vice president of the corporation.
“This is something we’re doing in part with the city, but the city won’t be giving any money,’ Cook said.
DC Corp has also developed homes in Baldwin Park, West Covina and Perris. The South El Monte planning commission first denied the proposed project, claiming that it was too dense, according to a Tribune article.
SOUTH EL MONTE — A town hall meeting Monday night to showcase plans for a retail and housing development turned into a confrontation between the developer and residents.
West Covina-based DCCorporation is looking for City Council approval to build 14 homes, 60 apartment units and 20,000 square feet of retail at 1570 Durfee Ave., behind the 7-Eleven store on Peck Road.
“The project is a superior project,” said DC Corp. employee Don Cook .
But the Planning Commission voted against the project, calling it too dense. DC Corp. is appealing the decision to the City Council, which is set to vote on the matter at its June 28 meeting.
About 60 people attended the meeting at the Senior Center. None of them spoke in favor of the DC Corp. project, with most saying it is too dense for the area.