The initial 200 acres of RITEC is fully entitled. We are ready to move forward and commence building immediately. We have established zoning for RITEC and a Tentative Map has been approved which establishes individual parcels for development. The 25 Year Development Agreement we have with the City of Lathrop establishes and vests our land use rights and prevents changes by future city councils. We have also actively participated in an Environmental Impact Report which addressed environmental concerns and mitigation requirements. The report has been approved with the mitigation solutions planned, negotiated and acted on.
We have negotiated agreements with several environmental groups that prevent future opposition to the project and bring about the opportunity to work together in the spirit of mutual cooperation. These groups include the Sierra Club, Natural Resources Defense Council, Natural Heritage Institute, Sports Fishermen and Delta Keeper Chapter of the Bay Keeper.
Because of the environmentally sensitive location of the project site within one of the world’s largest estuaries, we are leading the way in integrating urban development in an eco-sensitive manner. As a result, habitat preservation and restoration will be important elements of our development, since the natural delta setting that nurtures wildlife also contributes to our future residents’ quality of life. Carefully selected areas along the project perimeter will be re-established as shaded riverine aquatic habitat for protected fish species. Terrestrial species, such as the Riparian Brush Rabbit, will benefit from the establishment of passive and active restoration. We will set aside a 900 acre area, within the project site, to become an active habitat preservation and restoration area.
Our firm commitment to sustainable development is evident from the implementation of green technologies, materials and other mechanisms to offset the effects of climate change. Energy efficient technologies, such as passive and active solar designs, careful building orientation, roof overhangs and placement of trees will be included in building development guidelines. We are also participating in tree planting programs to help offset carbon producing activities associated with development.
Inherent to the project design is the super-levee system. The project has 18 miles of river frontage and will be protected from flooding by 300 foot wide levees which have been touted as the new “gold standard” for flood protection. Phase 1 of the project, including 200 acres of RITEC, have already been protected in this manner. In addition to the enhanced level of flood protection and the view amenity it creates, this design allows for the restoration of water side vegetation that will help restore the natural health of the surrounding river system. Our achievement of the 200 year level of protection is the first in the state and is the level of protection that will be required of all development within the next decade.
Another unique opportunity for resource conservation for the project is the existence of Lathrop Irrigation District (“LID”). As a land owner controlled public agency, LID is not governed by the California Public Utilities Commission, unlike investor-owned utilities (who have much larger sunk capital costs and overhead) and has the flexibility to actually generate, purchase and provide power from a variety of sources (including “green” energy). LID should be able to provide power at a rate 20%-40% less than PGE. In particular, LID is expected to be a partner with the project in providing integrated renewable energy and influencing conservation through tiered rate structures. LID is currently governed by three Cambay Group officers who sit as the Board of Directors.
All offsite infrastructure such as utilities and roads, are in place.
Companies that call RITEC home will benefit from our commitment to design smart technologies within our future business and home sites. We have ensured that the fastest, most cutting edge technologies will be available for every customer through our relationship with the major providers of fiber optic cable. Fiber also means virtually unlimited capacity, so as technologies evolve the infrastructure to bring even better, faster communications is always available to a River Islands Technology and Education business operation and the homes of your employees.
All the issues have been addressed. All pre-building approvals secured. All environmental concerns addressed and mitigated. A streamlined approval process with the City of Lathrop has been established. If there is anything we have overlooked or that your company needs to move forward, we are open to listening and do our part to make it happen for you!