Committee would oversee Montebello Hills development

The City Council may form an Ad Hoc Committee that will provide guidance in developing the Montebello Hills, officials said. Full Story
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history in the making

La Puente, CA

#1 Dec 9, 2008
These mountains are full of toxic fumes! I can't see why they would want to build homes there!
Mel

Anaheim, CA

#2 Dec 9, 2008
Where is the money to build these homes coming from? Is PXP going to fully fund this project or is the City of Montebello go to bring out a bond issue?
Montehellhole

Downey, CA

#3 Dec 9, 2008
Get ready for your new masters on the hill.
Byron de Arakal

Irvine, CA

#4 Dec 10, 2008
Mel:

The development of the Montebello Hills Community and the necessary infrastructure improvements to support it will be funded by Cook Hill Properties. You can learn more about the proposed new community at www.MontebelloHillsReserve.com

Byron de Arakal
Director of Communications
Cook Hill Properties
Mel

Los Angeles, CA

#5 Dec 10, 2008
1-Dec-2008

Completion of Acquisition or Disposition of
http://biz.yahoo.com/e/081201/pxp8-k.html

Assets, Financial

Item 2.01 Completion of Acquisition or Disposition of Assets
On December 1, 2008, Plains Exploration & Production Company ("PXP") sold for a total consideration of $1.25 billion

� the remaining 50% of its working interests in oil and gas properties located in the Permian Basin (the "Permian Assets") to a subsidiary of Occidental Petroleum Company ("Oxy"); and

� the remaining 50% of its working interests in oil and gas properties located in the Piceance Basin in Colorado (the "Piceance Assets" and, together with the Permian Assets, the "Assets") to Oxy.

After closing adjustments, PXP received approximately $1.24 billion in cash. The Assets were sold pursuant to a Purchase and Sale Agreement dated as of September 24, 2008, and effective as of December 1, 2008, between subsidiaries of PXP and Oxy (the "Purchase and Sale Agreement"). In addition, in conjunction with the sale of the Assets, OXY has terminated its right of first refusal to purchase oil and gas properties from PXP and its subsidiary, on a field wide basis, in the Packard, San Vicente, Inglewood, Las Cienegas and Montebello Fields within the Los Angeles Basin.

How will this affect the development,now that Oxy owns the Land?
Tony

Anaheim, CA

#6 Dec 12, 2008
How many section 8 homes ?

“Hilltop Park Above All”

Since: Sep 08

Montebello, CA

#7 Dec 12, 2008
Mel wrote:
Where is the money to build these homes coming from? Is PXP going to fully fund this project or is the City of Montebello go to bring out a bond issue?
Mel

As of a month ago, Cook-Hill would not answer this question which was asked by the city staff, too. I believe that it was the city staff's asking this, and other questions of PXP/Cook-Hill that led to this 'subcommittee' being formed to intercede on Cook-Hill's behalf with the staff. With recent examples of employees and department heads fired or forced to resign who had the temerity to question the city council, the staff may have no choice now but to write whatever reports the city council/PXP wants them to do. Why not just eliminate the staff entirely and let the subcommittee write its own reports on the proposed development.

Also, as of a month ago, the funding of the infrastructure of the Hill project was not yet decided. Perhaps Mr. de Arakal could show where in their website it says who will pay for it? I can't find it.

“Hilltop Park Above All”

Since: Sep 08

Montebello, CA

#8 Dec 12, 2008
history in the making wrote:
These mountains are full of toxic fumes! I can't see why they would want to build homes there!
The living people of Montebello don't remember the time and smells when oil well dotted the ENTIRE city. As the aromatic gasses rise, the pumps on the Hills bother no one, but if you read about the Baldwin Hills problems, you will see what happens when you build homes below the level of the wells. Then, you get the aromatic effulvia of operating wells. PXP is attempting to address this problem by consolidating and burying the wells in 'sealed' bunkers. Originally, these bunkers ringed the development, as shown on their website. However, Cook-Hills most recent presentation to the Montebello Planning Commission showed bunkers only in the eastern, upwind portion of the gnatcatcher habitat area, apparently in an attempt to mollify your concerns.

“Hilltop Park Above All”

Since: Sep 08

Montebello, CA

#9 Dec 12, 2008
Montehellhole wrote:
Get ready for your new masters on the hill.
Actually, we (the Save the Montebello Hills Task Force) hear rumors that many of our 'old' masters have been promised preferential locations and terms on any new homes in exchange for supporting the development, in addition to the baksheesh spread all around Montebello.

“Hilltop Park Above All”

Since: Sep 08

Montebello, CA

#10 Dec 12, 2008
Google 'Save the Montebello Hills', and the website of Montebello citizens who want to save the Hills for an open space park to learn how to support us (with money or other assistance)in our drive to make the last 480 acres of open space Hills in the urban San Gabriel Valley into a regional open space park with trails, picnic areas, an amphitheatre, and a nature center. These are the last Hills made famous in the movie 'There Will Be Blood'.

“Hilltop Park Above All”

Since: Sep 08

Montebello, CA

#11 Dec 12, 2008
42 yr North Mtb resident wrote:
<quoted text>
The living people of Montebello don't remember the time and smells when oil well dotted the ENTIRE city. As the aromatic gasses rise, the pumps on the Hills bother no one, but if you read about the Baldwin Hills problems, you will see what happens when you build homes below the level of the wells. Then, you get the aromatic effulvia of operating wells. PXP is attempting to address this problem by consolidating and burying the wells in 'sealed' bunkers. Originally, these bunkers ringed the development, as shown on their website. However, Cook-Hills most recent presentation to the Montebello Planning Commission showed bunkers only in the eastern, upwind portion of the gnatcatcher habitat area, apparently in an attempt to mollify your concerns.
oops, I should have said: build homes ABOVE the level of wells.

“Hilltop Park Above All”

Since: Sep 08

Montebello, CA

#12 Dec 12, 2008
Tony wrote:
How many section 8 homes ?
Look at Mr. de Arakal's huge, informative website. I'm sure they answer all such questions. Be sure to see the parts which address the approx. 10,000 additional daily vehicle trips, numerous earthquake faults under the Hills, some of which can have a 7.5 quake, the permission of the US Fish and Wildlife to build on the densest concentration of the threatened California Gnatcatcher and other sensitive species, the lowered property values of all adjacent properties to the condo development, increased death rates from increased emergency response times due to traffic and congestion, destruction of viewsheds, DOGGR recommendations about not building on capped wells, to name a few things.

Well, if you can't find these things there, at least you can see how the deck chairs are arranged on this Titanic housing development.
YankeeFlasher

North Hollywood, CA

#13 Dec 13, 2008
PXP needs to get the Montebello (East) Field up-zoned to the proposed specific plan level in order to realize the higher value for surface rights which would be granted with the approval of the Specific Plan. During PXP's purchase of the Field from Stroker, PXP probably paid primarily for the subsurface rights and reserves and physical plant. If PXP can get the surface rights upgraded then PXP asset values GREATLY increase and PXP can ask for a high value when they decide to sell to the next developer.

OH, by the way, since the Field is in the Montebello CRA area, ALL increased assessed tax value of the zoning upgrade and development will go to the CRA...NOT through Prop 13. Who gets the benefit???- CRA = City of Montebello and perhaps the AD HOC SUBCOMMITTEE, not a committee...As someone once said "Follow the Money"..

YankeeFlasher from El Sereno
history in the making

La Puente, CA

#14 Dec 14, 2008
I like the idea of keeping the hills the way they are. The scare of the fumes seem to be a health risk factor for the residents. Plus wouldn't this bring a lot more congestion on the already busy streets of Montebello???

“Hilltop Park Above All”

Since: Sep 08

Montebello, CA

#15 Dec 14, 2008
YankeeFlasher wrote:
PXP needs to get the Montebello (East) Field up-zoned to the proposed specific plan level in order to realize the higher value for surface rights which would be granted with the approval of the Specific Plan. During PXP's purchase of the Field from Stroker, PXP probably paid primarily for the subsurface rights and reserves and physical plant. If PXP can get the surface rights upgraded then PXP asset values GREATLY increase and PXP can ask for a high value when they decide to sell to the next developer.
OH, by the way, since the Field is in the Montebello CRA area, ALL increased assessed tax value of the zoning upgrade and development will go to the CRA...NOT through Prop 13. Who gets the benefit???- CRA = City of Montebello and perhaps the AD HOC SUBCOMMITTEE, not a committee...As someone once said "Follow the Money"..
YankeeFlasher from El Sereno
CRA = City Council Slush Fund for political supporters (remember the $2 million gift to TELACU?), and the property tax only goes to this fund for 12 - 20 years, depending on who you believe.
Byron de Arakal

Van Nuys, CA

#16 Dec 14, 2008
Tony wrote:
How many section 8 homes ?
Zero. Zip. Nada.

Byron de Arakal
Director of Communications
Cook Hill Properties, LLC
Byron de Arakal

Van Nuys, CA

#17 Dec 14, 2008
Since 42 yr North Mtb resident seems content to continue peddling disinformation about the types of housing we are planning for the Montebello Hills community (disinformation that's base entirely on speculation and not fact),let me provide some factual clarifications:

1. The Montebello Hills Specific Plan proposes both attached and detached single-family residences.

2. The attached residences we are planning will range from approximately 2700 to approximately 4000 square feet with 3 to 5 + bedrooms.

3. The attached residences will range from approximately 900 square feet to approximately 3000 square feet with 1 to 3 bedrooms.

4. The mix between attached and detached residences is anticipated to be about 50-50.

5. Should the project be approved by the City sometime in the first or second quarter of 2009, the first homes will be for sale in late 2011 to 2012.

6. We anticipate buildout of the proposed 1200 homes will require between 5 to 7 years, depending on market conditions.

Clearly, the Montebello Hills community is NOT a "1200 condo project" as the project's few opponents want to suggest. No Section 8 housing or apartments are in the plan.

7. Our fiscal analysis indicates the project will create an expansion of Montebello's property tax base of appromately $840 million, generate approximately $7 million a year in new property tax revenues at buildout, and an additional approximately $2.3 million a year in sales tax revenue. For a city that has lost more than a million dollars due to the state's current budget crisis, we believe these new revenues are significant and vital to Montebello's future.

More information about the Montebello Hills Community Plan is available at www.MontebelloHillsReserve.com .

Byron de Arakal
Director of Communications
Cook Hill Properties, LLC
MTB MAN

Norco, CA

#18 Dec 15, 2008
42 yr North Mtb resident wrote:
<quoted text>
oops, I should have said: build homes ABOVE the level of wells.
Hi how are the hills related to this movie?
MTB MAN

Norco, CA

#19 Dec 15, 2008
42 yr North Mtb resident wrote:
Google 'Save the Montebello Hills', and the website of Montebello citizens who want to save the Hills for an open space park to learn how to support us (with money or other assistance)in our drive to make the last 480 acres of open space Hills in the urban San Gabriel Valley into a regional open space park with trails, picnic areas, an amphitheatre, and a nature center. These are the last Hills made famous in the movie 'There Will Be Blood'.
Hi how are the hills related to this movie?

“710 Dies a Graceful Death NOW”

Since: Dec 08

LA

#20 Dec 15, 2008
Thanks Byron, Better than the NOP/Scoping Statement

Lets summarize -- Byron de Arakal, CHP gave the following [calcs by Ykflsr]

1. Montebello Hills Specific Plan proposes both attached and detached single-family residences.
4. Mixed attached/detached homes = about 50:50.
6. NOT "1200 condo project"
No Sec 8 housing or apartments in the plan.

2. Attached [sic =DETACHED?] homes,+/-2700 to 4000 sqft, 3-5+ BR [600du x 3300sqft = 2.0Msqft]
3. Attached [sic] residences -+/-900 to 3000 sqft, 1-3 bedrooms [600du x 2000sqft =1.2Msqft]

5. Approval -1st-2nd quarter, 2009; Sale in late 2011 to 2012.
6. Buildout, 1200 (600+600) homes 5-7 years
[=2019 finished]

7. Fiscal analysis
Increased Montebello's property tax base,$840M
[/1200 = aver $700K/unit]
[$840/3.2M sqft =$260/sqft including structure, infrastructure, and LAND; AVER (Range)Unit Costs -- 3300x$260=$860K($700K to $1.04M/unit, 2000x$260 =$520K($234 to $780K)/unit]
Increased $7M/year, property tax revenues at buildout [2019][/1200 = aver $5+K/unit/yr]
Increased $2.3M/year, sales tax revenue [2019][/1200 = aver $2K/yr]
I hope this give a bit more substance/quantified to the verbage.

By the way look at the annual household incomes of Montebello Residents (2008 median -say $46,000).

Who in Montebello can afford these? 90+%ile of the economic classes of Montebello, NOT the real people, south of Lincoln.

A Condo can be any unit, where the overall land, infrastructure, landscaping, etc. are commonly held rather than individually...therefore all attached and others could be condos rather than inidivudal owned and re-developable as the occupant requires.

YankeeFlasher

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