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HomeMy WebLinkAbout12-04-2018 Item 7 - Approval of Final Map for Tract 3089 Phase 1 Avila Ranch 175 Venture Dr SBDV-2042-2015Department Name: Community Development Cost Center: 4003 For Agenda of: December 4, 2018 Placement: Consent Item Estimated Time: N/A FROM: Michael Codron, Community Development Director Prepared By: Diane Dostalek, Senior Civil Engineer SUBJECT: APPROVAL OF THE FINAL MAP FOR TRACT 3089 PHASE 1, AVILA RANCH, 175 VENTURE DRIVE (SBDV-2042-2015) RECOMMENDATION Adopt a Resolution (Attachment A) approving the Final Map for Tract 3089 Phase 1, Avila Ranch, 175 Venture Drive, and authorizing the Mayor to execute the easements, agreements, and fee offers associated with Tract 3089 Phase 1 in forms subject to the City Attorney approval. REPORT-IN-BRIEF A vesting tentative map for Tract 3089 was approved by the City Council on September 19, 2017. This first phase of Tract 3089 will create 179 single-family residential lots, three lots for 125 multi-family units, a lot for an interim fire station, and various lots for parks and public facilities. A Community Facilities District was approved by Council for Tract 3089 to close the gap between anticipated general fund revenue to be generated by the development and projected costs to provide services to the development, such as police and fire, and to maintain the public infrastructure within Tract 3089 including parks, streets, sidewalks, parkways, open space, and storm drainage systems. The City and the developer have entered into a Development Agreement (DA). The DA is a contract authorized by California Planning and Zoning Law and the City’s Municipal Code that provides certain benefits to the developer , typically in the way of certainty and assurances to the developer regarding what rules will be applied for the project, in exchange for extraordinary public benefits. For example, Tract 3089 provides more affordab le housing units than required by the City’s standard inclusionary housing requirements and is dedicating more parkland than ordinarily required by the City. Tract 3089 is also required to construct an interim fire station to serve the south San Luis Obispo area and to contribute funding to reimburse the City for the recent Los Osos Valley Road (LOVR) interchange project. Tract 3089 will be constructing off-site improvements as part of Phase 1 to mitigate for the increase in traffic generated by the develo pment. The Subdivider will also be paying fair share fees for projects that are not triggered solely by this development but will ultimately be needed upon build-out of the City. As outlined in the Development Agreement and the conditions of Packet Pg. 21 Item 7 approval, some of the improvements being constructed with Tract 3089 are eligible for reimbursement either through impact fee credits or through payments from other developers. A reimbursement agreement outlining the process which will be used to implement reimbursement via fee credits will be provided through agenda correspondence or presented at a future meeting . Tract 3089 is meeting the City’s agricultural land preservation requirements through a combination of on-site and off-site easements. Per the Development Agreement and the entitlement documents, Phase 1 will satisfy its agricultural mitigation obligations by providing onsite agricultural conservation easements. There is no new fiscal impact to the City associated with approving the final map for Tract 3089 Phase 1. The Public Works Director has determined that the final map is in substantial compliance with the previously approved tentative map and approved modifications thereof, so approval of the final map by Council is recommended. California Government Co de states that the Legislative body cannot deny a final map if it finds that the final map is in substantial compliance with the previously approved tentative map. The approval of a final map is considered a ministerial action. DISCUSSION Tract 3089 Avila Ranch (SBDV-2042-2015) is located at 175 Venture Drive (Attachment B, Vicinity Map). Background/ Previous Council Action A vesting tentative map for Tract 3089 was approved by the City Council on September 19, 2017, by Resolution No. 10832 (2017 Series) (Attachment C – Reading File). The tentative map (Attachment D - Reading File) showed a total of 429 lots consisting of 401 single-family lots, nine multi-family lots for up to 322 units, 11 park lots, two open space lots, two commercial lots, two public facilities lots, and two lots for right -of-way purposes. At that same meeting, an Ordinance to adopt a Development Agreement was introduced and a Resolution of Intention to establish a Community Facilities Financing District (CFD) was approved. The Develop ment Agreement (Attachment E – Reading File) was adopted by the City Council on October 3, 2017, by Ordinance No. 1639 (2017 Series). The final steps to implement the CFD occurred at the November 21, 2017, Council meeting where the City Council adopted Ord inance No. 1642 (2017 Series) establishing a Special Tax for the CFD. Phasing At the time of tentative map submittal, the subdivider proposed to construct this project in phases (Attachment F, Phasing Plan). The conditions and mitigation measures were developed based on this phasing plan. The subdivider is not required to adhere to the phasing plan but creating lots out of phase could result in subsequent environmental review and new or modified conditions in order to properly mitigate the impacts and provide for orderly development. Packet Pg. 22 Item 7 The Tract 3089 Phase 1 map is creating a total of 192 lots consisting of: • 179 single-family residential units (Lots 1 to 28, Lots 31 to 86, Lots 88 to 182). These are all the single-family residential units that were included in the Phase 1 tentative map. • Three out-of-phase lots for multi-family (Lots 185, 186, and 188), These lots were originally planned to be created and developed in Phase 3. • Four public park lots (Lots 30, 87, 183, 189) • Two lots for public open space (Lot A and Lot 184) • Two lots for public facilities (Lot 29 for sewer lift station & Lot 187 for interim fire station) • Two lots for future phases of the subdivision (Lots 190 and 191) The three out-of-phase multi-family lots cannot be developed until the Buckley Road extension is completed because the Buckley Road extension was a Phase 2 requirement based on the number of trips being generated and these three multi-family lots will exceed that threshold. These lots are being created in Phase 1 consistent with the Affordable Workforce Housing Plan (Exhibit G of the Development Agreement) to provide affordable housing units as early as possible, once the Buckley Road extension is completed. Minor Corrections to Approved Tentative Map City Municipal Code Section 16.10.160 grants the Community Development Director the authority to approve minor corrections to an approved tentative map or conditions of approval if all the following are true: 1. No lots, units or building sites are added or deleted; and 2. The proposed changes are consistent with the intent and spirit of the original tentative map approval; and 3. The proposed changes are consistent with the zoning regulations and the building code, the General Plan, and the Subdivision Map Act. Under the authority listed above, the Community Development Director has approved the following minor corrections for Tract 3089: 1. Reconfiguration of the multi-family Lots 300, 301, and 360 (now Lots 185, 186 and 188). This reconfiguration is consistent with design changes discussed at t he Planning Commission during the tentative map review to make the affordable housing sites bigger. 2. Revision of the lot numbering from tentative map to final map so that the numbering would be consecutive on the final map as required by Section 16.14.040.H of the San Luis Obispo Municipal Code. 3. Revision to Condition #126. When Caltrans was reviewing the subdivision, Caltrans requested that the City condition the project to install ramp metering at the Los Osos Valley Road and SB 101 on ramp. Honoring this request, the Council adopted the condition. Since then, the subdivider has been proactively processing this improvement with Caltrans. However, it has become apparent to Caltrans, the City, and the Applicant that cost escalation and approval processing would result in unreasonable delays to building permit issuance and occupancy. Caltrans, the City, and the subdivider have cooperatively developed a modification to this condition that maintains the intent and spirit of the original condition Packet Pg. 23 Item 7 language and pro vides the City with the appropriate securities to guarantee completion of the design and construction. Moreover, the condition is not a mitigation measure and does not trigger any concern regarding environmental review. The Caltrans District 5 Director, City Public Works Director, the Community Development Director, and Subdivider all concur with the proposed corrections. Therefore, the Community Development Director has approved the modification as identified below. Original Condition #126: Revised Condition #126 126. The developer shall design and construct a ramp meter for the SB 101 On- Ramp at Los Osos Valley Road as identified in the US 101 Corridor Mobility Master Plan (“Ramp Meter Project”). Developer shall commence construction within six (6) mont hs of the issuance of the encroachment permit. Prior to recordation of the phase one final map, the applicant shall: a) Post a completion bond in the amount of $1.25 million for the Ramp Meter Project in favor of the City of San Luis Obispo; and b) Retain transportation and traffic consultants (Kittelson & Associates and Wallace Engineering) to design the SB 101 On-Ramp at Los Osos Valley Road in accordance with the US 101 Corridor Mobility Master Plan; and c) Post a certificate of deposit in favor of the City for the completion of the Ramp Meter Project design work in the amount of $250,000 which certificate of deposit the City may draw down for completion of the design work if the applicant suspends work on the project for sixty (60) days; and d) Submit design alternatives for Caltrans review and comment. The applicant’s share of this cost of the Ramp Meter Project is established at 3% of the cost of the Ramp Meter Project. Costs above and beyond this fair share proportion are eligible for crediting against the Los Osos Valley Road Interchange Sub Area Impact fees or any future amendments to the Citywide Transportation Impact Fee or Los Osos Valley Road Interchange Sub Area Fees relevant to this improvement. This condition specific to the SB 101 On-Ramp at Los Osos Valley Road shall be removed and the bond released to the developer if Caltrans or the City deems the design or construction infeasible. Packet Pg. 24 Item 7 Prior to recordation of the phase one map, the developer shall post a certificate of deposit in the amount o f $200,000 for the design of a ramp meter for the SB 101 On-Ramp at S. Higuera as identified in the US 101 Corridor Mobility master Plan and submit conceptual design alternatives for review and comment of the SB 101 On-Ramp at S. Higuera to Caltrans. Although the tentative map shows up to 723 residential units being constructed, the resolution approving the tentative map and the Development Agreement both state that only 720 residential units are approved. The subdivider has indicated that the adjustment will be provided in the R-3 units in Phase 4. There will be no modification of the number of workforce or inclusionary units, however. Community Facilities District The CFD for Avila Ranch was established to fund both services and infrastructure maintenanc e. The CFD closes the gap between anticipated general fund revenue generated by the development and projected costs to provide services to the development, such as police and fire, and to maintain the public infrastructure including parks, streets, sidewalks, parkways, open space, and storm drainage systems. Maintenance of water and sewer infrastructure in Tract 3089 will be funded the same as the rest of the citywide system via the enterprise program. This is the City’s first CFD established for the purpose of ongoing maintenance and is necessary because the property tax exchange established for this property when it was annexed was based on the master tax exchange agreement for commercial land. As a result, the City will not be receiving any property tax increment as the property is developed. Therefore, the CFD ensures adequate funding is available for the City to maintain the public facilities that will serve this new neighborhood. The funds for the CFD will be collected by the County with the regular pro perty tax assessments and then transferred to the City. Affordable Housing An Affordable Housing Agreement is required to be recorded prior to or concurrent with the map pursuant to Condition #4 of Council Resolution No. 10832 (2017 Series). The project is required to provide 71 Inclusionary housing units that will be met through a combination of construction (67 units), dedicated land (1.2 acres for 24 low income units) and payment of in-lieu fees (4 units). In addition, the project includes design and de velopment strategies that serve to provide lower cost housing by providing for a range of housing sizes and types, greater number of lower income Inclusionary housing units than required by Ordinance (32 provided; 23 required), larger affordable housing site (1.2 acres provided; 1 acre required), local preference (none required), owner occupancy restrictions (none required), workforce housing incentive program (25 units provided; none required) and down payment assistance ($500,000 provided; none required). These are contractual requirements of the Affordable and Workforce Housing Plan in the Council-adopted Development Agreement pursuant to Ordinance No. 1639 (2017 Series). Parks Section 7.03 of the Development Agreement requires the subdivider to dedicat e land in excess of that ordinarily required by the City to construct public parks in south San Luis Obispo, an area that presently has a deficiency of park area. In particular, Tract 3089 shall provide 18.25 acres of Packet Pg. 25 Item 7 public park land, 1.76 acres in excess of City requirements. Nine park lots labeled Park A through Park I are proposed in Tract 3089 (Attachment G – Park Layout). The Parks and Recreation Commission (PRC) reviewed the conceptual plans for Parks A through I on January 4, 2017, and recommended approval to the Council. The PRC also reviewed and approved detailed park plans for Parks A, B, and C at that time. Parks A, B, and C are proposed to be constructed in Phase 1. Phase 1 also includes a small park that was added by the Planning Commission (St evenson Park) but was not reviewed by the PRC. Phase 1 provides sufficient parkland and park improvements to meet City requirements based on the projected population and housing onsite, so there would be no "in-lieu" park fees needed. Project-related fees, taxes and assessments are described in Section 5.04 of the Development Agreement. Parks are not among the identified fee-generators in this section. Interim Fire Station Section 7.10 of the Development Agreement requires Tract 3089 to construct, and de dicate to the City, an interim fire station on Lot 302 (now Lot 187) to serve the south San Luis Obispo area. Per the requirements of the Fire Station Master Plan, the interim fire station shall be provided at the buildout of the 361st dwelling unit, which will not occur in Phase 1. The CFD includes the cost to staff the interim fire station. Once the interim fire station is no longer needed, such as when a permanent fire station serving south San Luis Obispo is constructed, the Development Agreement states that the lot can be used as a City park or affordable housing site, as deemed appropriate by the City. The resolution approving the final map also authorizes the Mayor to accept a fee offer for Lot 187 in a form substantially the same as shown in Attachme nt H. The fee offer provides for all potential uses of that site, including fire station, affordable housing, and park. The potential purposes are noted because California Government Code Section 66477.5(c) requires a public agency to reconvey the property to the subdivider if the purpose for which the property was dedicated no longer exists. As detailed in Section 7.10 of the Development Agreement, Avila Ranch will be entitled to fee credits against fire development impact fees for the land dedication and construction of the fire station. The resolution (Attachment A) approving the final map also authorizes the Community Development Director to issue fire development impact fee credits for the land dedication in Tract 3089 Phase 1 with concurrence from the Fire Chief and the Finance Director. If the property is used as an affordable housing site, any proceeds will be used to support new fire facilities to serve the south San Luis Obispo area, including Avila Ranch. Sewer Lift Station The subdivider will be dedicating Lot 29 to the City for a sewer lift station that is being constructed in Phase 1. The costs to operate and maintain the lift station are included in the CFD. The resolution approving the final map also authorizes the Mayor to accept a fee offer for Lot 29 in a form substantially the same as shown in Attachment H. The fee offer will provide for all potential uses of that site, including sewer lift station, water and recycled water. Open Space Lots The subdivider will be dedicating Lot A and Lot 184 to the City for open space purposes. Lot A encompasses the portion of Tank Farm Creek that falls within the boundaries of Phase 1. There will be some utilities and pedestrian and bicycle paths located on Lot A, and there is a potential Packet Pg. 26 Item 7 that when Buckley Road is widened, it could encroach on the lot. The resolution (Attachment A) approving the final map also authorizes the Mayor to accept a fee offer for Lot A in a form substantially the same as shown in Attachment H. The fee offer will provide for a ll potential uses of that site, including drainage, pedestrian and bicycles, sewer, water, public utilities, telephone, cable T.V., fiber optic, cell tower, bridges, and street widening. Lot 184 is an anomaly. It does not have any biological or riparian features on it, so it doesn’t fit into the typical category for open space. It was shown on the tentative map graphically as a park but was not included in the list of parks to be dedicated to the public. It was also not considered as a park in the PRC review. Because there is no Homeowner’s Association being created with Tract 3089 for the purposes of owning and maintaining common area and in order to keep the same number of lots as shown on the tentative map, it was decided that this lot would be owned by the City and designated as open space. The lot is only 1650 square feet. The resolution approving the final map also authorizes the Mayor to accept a fee offer for Lot 184 in a form substantially the same as shown in Attachment H. Buckley Road Extension and Buckley Road Widening Tract 3089 is required to extend Buckley Road from its current terminus at Vachell Lane to South Higuera. This extension includes a modified Class I bike path connection, which is partially funded through the Citywide Transportatio n Impact Fee (TIF) program. Caltrans would not approve a designated Class I path across their property, so the design is incorporating a widened 8’ to 10’ sidewalk/path to serve the purpose of a bicycle and pedestrian path. According to Condition #100 of Council Resolution No. 10832 (2017 Series), the Buckley Road Extension was not required until Phase 2 based on the number of trips being generated in the original Phase 1. Because the Tract 3089 Phase 1 final map is creating three out -of-phase multi-family lots (Lots 185, 186, and 188) and the subdivider is not ready to construct the extension, the subdivider has agreed to sign a Notice of Requirements stating that those three multi-family lots cannot be developed until the Buckley Road extension is designed , the right-of-way acquired, and a security is deposited with the City to guarantee construction of the required improvements. The Buckley Road Extension will cross property owned by Caltrans. The design has been reviewed by Caltrans, the County and the City. Caltrans has verified the right of way needed for the Buckley Road Extension across their property, and the County and Caltrans are completing the necessary County and State approvals to transfer the portion of the right of way owned by Caltrans to the County. Those approvals are expected to be completed between January 2019 and March 2019. There are two smaller properties that are needed for the Buckley Road Extension, and the subdivider has started initial steps in those acquisitions, including conta cting the property owners and preparation of appraisals. Once the Caltrans negotiations are further along, the subdivider will approach the other affected landowner s with an offer for the right-of- way. These milestones have satisfied the Phase 1 conditions of approval associated with the Buckley Road Extension. Condition #107 requires the subdivider to construct the Buckley Road frontage improvements with Phase 4. Condition #10 states that the City may require easements related to a future development pha se if needed for orderly development. The Buckley Road ultimate widening has not yet been designed, so the right -of-way cannot be accurately determined at this time. The subdivider has provided a letter agreement stating that they will dedicate the necessary on-site Packet Pg. 27 Item 7 right -of-way prior to Phase 4 if the City demonstrates a need for it, such as if a City or County Capital Improvement Program project needs it or if another developer needs to improve Buckley Road to mitigate their impacts. The resolution approving the final map also authorizes the Mayor to sign the agreement letter in a form acceptable to the Public Works Director, Community Development Director, and City Attorney. County/City Maintenance of Streets The land that encompasses Tract 3089 was annexed into the City with the Airport Area Annexation back in 2008 except that the portions of Buckley Road and Vachell Lane that front Tract 3089 remain in the County. The future Buckley Road extension to South Higuera is also located in the County. County Development Review personnel have indicated that the County will continue to maintain the Vachell and Buckley street frontages, including the widened portions to the back of new curb, and will also maintain the entire Buckley Road Extension to the back of new curb, but the City will be responsible for maintaining the adjacent sidewalk and the pedestrian and bicycle trails. Funding to maintain the pedestrian/bike path is included in the CFD. Further discussions on this matter are ongoing and an agreement will be prepared to memorialize the maintenance responsibilities. The resolution (Attachment A) approving the final map also authorizes the Public Works Director to sign a maintenance agreement with the County in a form acceptable to the Public Works Director, Finance Director, and City Attorney. Off-Site Transportation Improvements Per the subdivision conditions, mitigation measures (MM), and the Development Agreement, Tract 3089 is required to complete multiple off-site transportation improvements to mitigate for the increase in traffic generated by the development. Some of the Phase 1 off-site improvements include: • Extension of Earthwood Lane to Suburban [Condition #101] • Class II bike lanes on portions of Vachell [Condition #105] • Class II bike lanes on portions of Suburban [#102/MM TRANS-4] • Sidewalk on portions of Vachell [Condition #124] • Sidewalk on portions of S. Higuera [Condition #111] • Intersection improvements at South Street/Higuera [Conditions #112] (San Luis Ranch is also conditioned to complet e this improvement so a cost -sharing agreement between the two entities is anticipated.) • Intersection improvements at Tank Farm/S. Higuera [Condition #114/MM TRANS -7b] • Ramp meter improvements for southbound LOVR/101 and Higuera/101 [Condition #126 as amended by the Community Development Director] There are other improvements identified in the conditions, mitigation measures, and the Development Agreement where the Subdivider is required to pay a fee for the project’s fair share of the improvement instead of constructing the improvement. Some of these fees are for future intersection improvements along Buckley Road, the extension of the Bob Jones Trail, improvements at the S. Higuera/LOVR intersection, and the recent improvements to the LOVR interchange. Other required fair share fees have been moved into the Citywide Transportation Impact Fee (TIF) program, so payment of the current Citywide TIF by the Subdivider would satisfy those requirements. Unless otherwise allowed in the project approvals, the fair share fees will be paid at map recordation. Packet Pg. 28 Item 7 Reimbursement Agreements As outlined in the Development Agreement and the conditions of approval, some of the infrastructure improvements being constructed with Tract 3089 are eligible for reimbursement either through impact fee credits or through payments from other developers. A reimbursement agreement outlining the process which will be used to implement reimbursement via fee credits will be provided through agenda correspondence or presented at a future meeting . Wetlands Phase 1 will be disturbing 0.86 acres of the “Lockheed Wetland.” The wetland area will be relocated, and an appropriate deed restriction placed over the relocated wetland area in conformance with MM BIO-2A and regulatory agency permits. The resolut ion (Attachment A) approving the final map also authorizes the Mayor to execute the easement document. Agricultural Conservation To compensate for the loss of onsite agricultural lands and to meet the open space objectives of the General Plan, Section 7.04 of the Development Agreement requires Tract 3089 to dedicate at least 50 acres of on-site open space and/or agricultural land and preserve at least 50 acres of offsite open space and/or agricultural land. To compensate for the loss of ag lands in Phase 1 , the Subdivider will be dedicating an easement for 30 acres of on-site ag land with map recordation. The resolution approving the final map also authorizes the Mayor to execute the easement document. Approving the Final Map Although tentative maps typica lly have an initial two -year life per Municipal Code Section 16.10.150, approval of a Development Agreement allows for that lifespan to be extended pursuant to Government Code Section 66452.6(a)(1). Section 8.04 of the Development Agreement extends the life of the tentative map to the later of (i) the expiration or earlier termination of the Development Agreement or (ii) the date upon which the tentative map would expire under the laws of the State of California. According to Section 1.03.1 of the Development Agreement , the duration of the Development Agreement could be all the way up to the year 2047. The final map must be completed prior to expiration of the tentative map. The final map for Tract 3089 Phase 1 (Attachment I) is ready to be approved. There are a few minor revisions still required for technical accuracy and condition compliance, but those changes will be completed before the map records. Pursuant to Section 16.14.080 of the Municipal Code, the Public Works Director has determined that the final map is in substantial compliance with the tentative map and approved modifications thereof. California Government Code Section 66474.1 states that “a Legislative body shall not deny approval of a final or parcel map if it has previously approved a tent ative map for the proposed subdivision and if it finds that the final or parcel map is in substantial compliance with the previously approved tentative map.” The approval of a final map is considered a ministerial action. Appropriate securities will be submitted prior to map recordation to guarantee completion of the required subdivision improvements as shown in the Subdivision Agreement (Attachment J). The Subdivision Agreement is still in draft form as some details still need to be confirmed with the Packet Pg. 29 Item 7 Subdivider such as amount and timing of fee payments, bonds, and specific language in the agreement. The resolution approving the final map also authorizes the Mayor to sign the Subdivision Agreement requiring the Subdivider to complete the subdivision impro vements. Policy Context The proposed action approving the final map is consistent with the policies set forth in the previously referenced Municipal Code and California Government Code sections. Public Engagement Public notification for the tentative map, environmental document, and underlying entitlements occurred with the Planning Commission hearings on June 28, 2017, June 29, 2017, July 12, 2017, and August 9, 2017 and at the City Council on August 9, 2017, and September 19, 2017. Approval of the final map is considered a ministerial action, so a public hearing to approve the final map is not required. CONCURRENCES The Director of Public Works, the Director of Parks and Recreation, the Fire Chief, and the Natural Resources Manager concur with the reco mmended action. ENVIRONMENTAL REVIEW The Avila Ranch Development Plan and associated Final Environmental Impact Report were approved and certified by the City Council on September 19, 2017, pursuant to Resolution No. 10832 (2017 Series). The FEIR constit utes the complete environmental determination for the project. The final map is substantially in conformance with the tentative map evaluated with this prior environmental determination. Approval of the final map is statutorily exempt under the California Environmental Quality Act (CEQA) pursuant to Section 15268(b)(3) Ministerial Projects (approval of final subdivision maps) of Title 14 of the California Code of Regulations (State CEQA Guidelines). Therefore, no further environmental review is required. Packet Pg. 30 Item 7 FISCAL IMPACT Budgeted: No Budget Year: Will be proposed for 2019-21 Funding Identified: Yes Fiscal Analysis: Funding Sources Current FY Cost Annualized On-going Cost Total Project Cost General Fund $432,750 0 $432,750 State 0 0 0 Federal 0 0 0 Fees 0 0 0 Other: CFD 0 $1.7 million at buildout Annual cost is ongoing Total $432,750 $1.7 million at buildout One-time cost of $432,750 plus annual ongoing CFD costs There is no new fiscal impact to the City associated with approving the final map fo r Tract 3089 Phase 1. The table above represents costs the City will incur upon acceptance of the improvements by the City, which will occur by separate Council action once the subdivision improvements are deemed complete. The $432,750 General Fund costs are for the City’s share of constructing the Class I bike path along the Buckley Extension from Vachell to S. Higuera and the City’s share of constructing the S. Higuera sidewalk from LOVR to the City limits, which are funded through the Citywide TIF. The CFD structure is designed to be revenue neutral to the City to fund the cost of services, such as police and fire, and infrastructure maintenance. The CFD is analyzed each year and increased incrementally as more of the CFD -maintained services and improvements come online. Each year the City levies a tax to the CFD for projected costs. An analysis of the annual costs to provide the services and infrastructure maintenance to the Avila Ranch development, including administration, is estimated to be $1.7 millio n at buildout. The CFD is estimated to generate $1.7 million in annual revenue at buildout, therefore no fiscal impact is anticipated. This equates to about $200 per month per unit but alleviates the need for a homeowner’s association. This cost has previo usly been determined to be within the City’s financial plan policy limits for total property tax burden. Packet Pg. 31 Item 7 ALTERNATIVE Deny approval of the final map. Denying approval of the final map can apply if findings are made that the requirements or conditions of the tentative map have not been met or performed (Section 66473 of the Subdivision Map Act) or if findings are made that the final map is not in substantial compliance with the previously approved tentative map (Section 66474.1 of the Subdivision Map Act). Because the final map is in substantial compliance with the tentative map and all the conditions of the map will be met or securities deposited prior to map recordation, Sections 66474.1 and 66473 of the Subdivision Map Act require that City Council appr ove the map. Therefore, denying approval of the final map is not a recommended alternative unless the required findings are made. Attachments: a - Draft Resolution Approving Final Map b - Vicinity Map c - Reading File - Resolution Approving Tentative Map d - Reading File - Tentative Map e - Reading File - Development Agreement f - Phasing Plan g - Park Layout h - Fee Offers i - Final Map draft j - Draft Subdivision Agreement Packet Pg. 32 Item 7 R _____ RESOLUTION NO. (2018 SERIES) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS OBISPO, CALIFORNIA, APPROVING THE FINAL MAP FOR TRACT 3089 PHASE 1 AVILA RANCH (175 VENTURE DRIVE, SBDV-2042-2015) WHEREAS, the City Council made certain findings concerning the vesting tentative map for Tract 3089, as prescribed in Resolution No. 10832 (2017 Series); and WHEREAS, the City Council entered into a Development Agreement with the Subdivider of Tract 3089 with Ordinance No. 1639 (2017 Series); and WHEREAS, the Community Development Director approved minor corrections to the tentative map as allowed by the City Municipal Code and California Government Code; and WHEREAS, the subdivider has requested that the Council approve the final map for Tract 3089 Phase 1; and WHEREAS, there are certain lots that will be offered to the City in fee for public purposes; and WHEREAS, there are certain wetland areas within Tract 3089 that need to be relocated and preserved; and WHEREAS, Tract 3089 is required to preserve at least 50 acres of on-site open space and/or agricultural land and preserve at least 50 acres of offsite open space and/or agricultural land by the recordation of deed restrictions, but only a portion of that is required to be preserved with Phase 1 ; and WHEREAS, the subdivider will be constructing certain improvements that are eligible for fee credits per the project’s development approval documents and the City’s AB1600 fee program; and WHEREAS, the subdivider has agreed to offer an easement for the ultimate widening of Buckley Road along the Tract 3089 frontage if needed for a City, County or development project; and WHEREAS, portions of Buckley Road and Vachell Lane are located within the County and could continue to be maintained by the County, but the pedestrian and bicycle facilities may need to be maintained by the City; and WHEREAS, the subdivider will submit appropriate securities to guarantee installation of the required subdivision improvements as shown on the approved plans prior to map recordation, and the required fees will be received prior to map recordation, as prescribed in the Subdivision Agreement , the Development Agreement, and the project approvals; and WHEREAS, all requirements, conditions and mitigation measures required per said Council Resolution No. 10832 (2017 Series) approving the tentative map and Ordinance No. 1639 Packet Pg. 33 Item 7 Resolution No. (2018 Series) Page 2 (2017 Series) approving the Development Agreement have been completed or appropriate securities will be in place to guarantee their completion prior to map recordation; and WHEREAS, some of the improvements being constructed by Tract 3089 Phase 1 are off-site and are considered stand-alone projects that could be completed and accepted for maintenance by the City prior to completion of the remaining subdivision improvements; and WHEREAS, the Avila Ranch Development Plan and associated Final Environmental Impact Report were approved and certified by the City Council on September 19, 2017, pursuant to Resolution No. 10832 (2017 Series); and WHEREAS, approval of the final map is statutorily exempt under the California Environmental Quality Act (CEQA) pursuant to Section 15268(b)(3) Ministerial Projects (approval of final subdivision maps) of Title 14 of the California Code of Regulations (State CEQA Guidelines). Therefore, no further environmental review is required. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis Obispo as follows: SECTION 1. The final map for Tract 3089 Phase 1 is found to be in substantial conformance with the tentative map. SECTION 2. The Community Development Director is authorized to issue fire development fee credits to Tract 3089 Phase 1 with concurrence from the Fire Chief and the Finance Director. SECTION 3. Phase 1 provides sufficient parkland and park improvements to meet City requirements based on the projected population and housing onsite, so there are no "in-lieu" park fees required. SECTION 4. The Mayor is authorized to accept fee offers for the interim fire station lot, the sewer lift station lot, and the open space lots once the improvements are complete to the satisfaction of the Public Works Director. The fee offers shall be in a form substantially the same as shown in Attachment H of the staff report. SECTION 5. The Mayor is authorized to accept an easement for biological open space for the wetland relocation on Tract 3089 in a form acceptable to the Natural Resources Manager and the City Attorney. SECTION 6. The Mayor is authorized to accept an easement for on-site preservation of farmland on Tract 3089 in a form acceptable to the Natural Resources Manager and the City Attorney. SECTION 7. The Mayor is authorized to execute an agreement with the subdivider of Tract 3089 requiring the subdivider to offer an easement to the City for the ultimate widening of Buckley Road along the project frontage if needed for a City, County, or development project in a form acceptable to the Public Works Director and the City Attorney. SECTION 8. The Public Works Director is authorized to execute an agreement with the County of San Luis Obispo for the cost sharing of maintenance for Buckley Road, Vachell Lane and Packet Pg. 34 Item 7 Resolution No. (2018 Series) Page 2 the associated pedestrian/bicycle facilities in a form acceptable to the Public Works Director, Finance Director, and City Attorney. SECTION 9. Approval of the final map for Tract 3089 Phase 1 shown in Attachment I of the staff report is hereby granted with the understanding that minor changes to the final map for technical accuracy and condition compliance are still needed. The Public Works Director is authorized to approve these changes and record the map when it is deemed to be complete and all conditions and mitigation measures are complied with. SECTION 10. The Mayor is authorized to approve revisions to the Subdivision Agreement for Tract 3089 Phase 1 and execute the agreement in a form substantially the same as shown in Attachment J of the staff report. SECTION 11. The Public Works Director is authorized to reduce or release securities for the off-site improvements once the requirements for release are met and is authorized to cause the improvements to be accepted into the City’s maintenance system. SECTION 12. The Mayor and City staff are authorized to take action necessary to carry out the intent of this resolution. SECTION 13. Environmental Review. the Avila Ranch Development Plan and associated Final Environmental Impact Report constitute the complete environmental determination for the project. The final map is substantially in conformance with the tentative map evaluated with these prior environmental determinations. Approval of the final map is statutorily exempt under the California Environmental Quality Act (CEQA) pursuant to Section 15268(b)(3) Ministerial Projects (approval of final subdivision maps) of Title 14 of the California Code of Regulations (State CEQA Guidelines). Therefore, no further environmental review is required. Upon motion of _______________________, seconded by ________________________, and on the following roll call vote: AYES: NOES: ABSENT: The foregoing resolution was adopted this ______ day of _______________ 2018. ________________________________ Mayor Heidi Harmon ATTEST: ______________________________ Teresa Purrington City Clerk APPROVED AS TO FORM: ________________________________ Packet Pg. 35 Item 7 Resolution No. (2018 Series) Page 2 J. Christine Dietrick City Attorney IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of San Luis Obispo, California, this ______ day of ______________, _________. ______________________________ Teresa Purrington City Clerk Packet Pg. 36 Item 7 Packet Pg. 37 Item 7 TRACT 3089 PHASING PLAN Packet Pg. 38 Item 7 AVILA RANCH PARK LAYOUT PHASE 1 PARKS Lot Number on Tract Map Acreage presented to PRC Acreage shown on tract map Park A 30 2.57 3.07 (includes conversion of turf field to a drainage basin) Park B 87 0.32 0.31 Park C 183 and 189 0.96 0.77 Stevenson Park Easement on Lots 132 & 149 Not included in PRC review 0.06 Total 3.85 4.21 PRC = Parks and Recreation Commission Packet Pg. 39 Item 7 Recording Requested by and when recorded, return to: City Clerk City of San Luis Obispo 990 Palm Street San Luis Obispo, CA 93401 NO DOCUMENT TAX DUE R&T Code 11922 NO FEE FOR GOVT. AGENCY GOVERNMENT CODE 27383 IRREVOCABLE & PERPETUAL OFFER OF DEDICATION (In -Fee Parcels) FOR VALUABLE CONSIDERATION, receipt and sufficiency of which is hereby acknowledged, Avila Ranch, LLC as OFFEROR, hereby GRANTS to the City of San Luis Obispo, a municipal corporation and charter city, as OFFEREE, a perpetual and irrevocable offer of dedication of fee title to the following real property and for the following public purposes: Lot: Public Purpose: Lot 29 of Tract 3089 recorded on ____________, 2019 in Book ______ of Maps, Pages ____ through ____, inclusive, in the office of the County Recorder of the County of San Luis Obispo, State of California Public Utilities - sewer lift station, water and recycled water Lot A of Tract 3089 recorded on ____________, 2019 in Book ______ of Maps, Pages ____ through ____, inclusive, in the office of the County Recorder of the County of San Luis Obispo, State of California Drainage, pedestrian and bicycles right of way, sewer, water, public utilities, telephone, cable television, fiber optic, cell towers, bridges, and street widening Lot 184 of Tract 3089 recorded on ____________, 2019 in Book ______ of Maps, Pages ____ through ____, inclusive, in the office of the County Recorder of the County of San Luis Obispo, State of California Open space Lot 187 of Tract 3089 recorded on ____________, 2019 in Book ______ of Maps, Pages ____ through ____, inclusive, in the office of the County Recorder of the County of San Luis Obispo, State of California Fire station, affordable housing, and park It is understood and agreed that the City of San Luis Obispo and its successors and assigns shall incur no liability with respect to such offer of dedication, and shall not assume any responsibility for the offered parcel of land or any improvements thereon or therein, until such offer has been accepted by action of the City of San Luis Obispo. OFFEROR agrees that this irrevocable and perpetual Offer to Dedicate is and shall be binding on his heirs, legatees, successors and assignees. Packet Pg. 40 Item 7 Pursuant to Section 66477.5 of the Subdivision Map Act, Grantee shall reconvey any of the lots identified in this Offer to Dedicate to the subdivider named below if Grantee makes a determination that the public purpose for which the property is dedicated does not exist, or the property or any portion thereof is not needed for public utilities except for any portion of the property that is required for the same public purpose or public utilities. Subdivider: Avila Ranch, LLC Address: 3596 Broad Street, Suite 104 San Luis Obispo, CA 93401 Phone Number: (805) 242-9221 IN WITNESS WHEREOF, OFFEROR hereunto caused its/their name(s) to be subscribed this day of ______________________, 2018. OFFEROR: Avila Ranch, LLC By: ______________________________ Andy Mangano Its: Managing Member (Attach Notary Certificate) (Attach Beneficiary Subordination) Packet Pg. 41 Item 7 CONSENT OF BENEFICIARY TO SUBORDINATE _____________________________________ is a Beneficiary under that certain Deed of Trust(s) dated _____________________, executed by _________________________________, Trustor, and recorded _________________________________ as Instrument Number(s) ___________________________ of Official Records in the Office of the County Recorder, County of San Luis Obispo, State of California. The Deed of Trust(s) encumber(s) the real property described in the attached offer. As the Beneficiary of said Deed of Trust(s), the undersigned hereby consents to the execution and recordation of the attached Irrevocable & Perpetual Offer of Dedication if the offer is accepted by the City, and to subordinate the undersigned’s interest in the real property to the Irrevocable & Perp etual Offer of Dedication. Date: _____________ ______________________________________ Beneficiary Date: _____________ ______________________________________ Beneficiary [Signatures of Beneficiaries must be notarized.] Packet Pg. 42 Item 7 Packet Pg. 43 Item 7 Packet Pg. 44 Item 7 Packet Pg. 45 Item 7 Packet Pg. 46 Item 7 Packet Pg. 47 Item 7 Packet Pg. 48 Item 7 Packet Pg. 49 Item 7 Packet Pg. 50 Item 7 Packet Pg. 51 Item 7 Packet Pg. 52 Item 7 Packet Pg. 53 Item 7 Packet Pg. 54 Item 7 Packet Pg. 55 Item 7 1 SUBDIVISION AGREEMENT THIS AGREEMENT is dated this ______ day of ___________201___ by and between AVILA RANCH, LLC, a California limited liability company, herein referred to as "Subdivider," and the CITY OF SAN LUIS OBISPO, herein referred to as the "City." RECITALS REFERENCE IS HEREBY MADE to that certain proposed subdivision of real property in the City of San Luis Obispo, County of San Luis Obispo, State of California, a description of which is shown on the Final Map of Tract 3089 Phase 1, City of San Luis Obispo, California, as approved by the City Council on the ____ day of ___________, 201___. The Subdivider desires that said Tract 3089 Phase 1 be accepted and approved as a Final Map pursuant to the Subdivision Regulations of the City of San Luis Obispo (Title 16 of the San Luis Obispo Municipal Code), and It is a condition of said regulations that the Subdivider agree to install the improvements as set forth on the plans therefore. TERMS AND CONDITIONS: In consideration of the foregoing, the Subdivider does hereby agree to construct and install the following subdivision improvements in accordance with said subdivision regulations, and in accordance with approved plans and specifications on file in the office of the City Engineer, City of San Luis Obispo, to wit: 1. CURB, GUTTERS AND SIDEWALKS 2. STREET BASE AND SURFACING 3. WATER MAINS and SEWER MAINS, including sewer laterals to the property line and water services to the curb stop. Packet Pg. 56 Item 7 2 4. LANDSCAPING 5. DRAINAGE STRUCTURES 6. STREET LIGHTS 7. ELECTRIC, GAS, TELEPHONE AND CABLE TELEVISION: In addition to the inspection and approval of such facilities by the City, each public utility shall be required to file a letter stating that the developer has properly installed all facilities to be provided by him, and that the said utility is prepared to provide service to residents upon request. 8. ANY & ALL OTHER IMPROVEMENTS shown on plans or required by project approvals. All of the above facilities shall be installed in the locations designated and to the plans and specifications on file and approved by said City Engineer. The lines and grades for all of said improvements shall be established by the Subdivider in accordance with said approved plans and specifications. The Subdivider agrees that the work of installing the above improvements shall begin within thirty (30) days from the date of recording of the final map, and that the work shall be completed within twelve (12) months of said recording date, unless an extension has been granted by the City, provided that if completion of said work is delayed by acts of God or labor disputes resulting in strike action, the Subdivider shall have an additional period of time equivalent to such period of delay in which to complete such work. Any extension of time hereunder shall not operate to release the surety on the Improvement Security filed pursuant to this agreement. In this connection, the surety waives the provisions of Section 2819 of the Civil Code of the State of California. No building permits will be issued nor occupancy granted after the expiration date of the agreement until completion and acceptance of all subdivision improvements unless specifically approved by the City. Packet Pg. 57 Item 7 3 The Subdivider does also agree to comply with the conditions established by the City Council and has paid the necessary fees as indicated on the attached Exhibits 1 and 2. Setting of new survey monuments or resetting of disturbed monuments shall be in accordance with Article 5, paragraph 8771 et seq., of the Professional Land Surveyors Act, Chapter 15 of the Business and Professions Code of the State of California. The Subdivider attaches hereto, as an integral part hereof, and as security for the performance of this agreement, instrument(s) of credit or bond approved by and in favor of the City of San Luis Obispo, and conditional upon the faithful performance of this agreement. Said instrument(s) of credit or bond is/are in the amount(s) shown in Exhibit 2, which is the amount of the estimated cost of said improvements. Subdivider agrees to remedy any defects in the improvements arising from faulty workmanship or materials or defective construction of said improvements occurring within twelve (12) months after acceptance thereof. In accordance with Sections 66499.7 and 66499.9 of the Government Code of the State of California, upon final completion and acceptance of the work, City will release all but 10% of the improvement security, that amount being deemed sufficient to guarantee faithful performance by the Subdivider of his obligation to remedy any defects in the improvements arising within a period of one year following the completion and acceptance thereof. Completion of the work shall be deemed to have occurred on the date which the City Council shall, by resolution duly passed and adopted, accept said improvements according to said plans and specifications, and any approved modifications thereto. Neither periodic nor progress inspections or approvals shall bind the City to accept said improvements or waive any defects in the same or any breach of this agreement. Packet Pg. 58 Item 7 4 “AS-BUILT” record drawings are to be submitted within four weeks of completion of construction and prior to City acceptance of the public improvements. If the Subdivider fails to complete the work within the prescribed time, the Subdivider agrees that City may, at its option, declare the instrument of credit or bond which has been posted by Subdivider to guarantee faithful performance, forfeited and utilize the proceeds to complete said improvements, or city may complete said improvements and recover the full cost and expense thereof from the Subdivider or his surety. The Subdivider has deposited with the City a labor and materials surety or sureties in the amount of 50% of the above described subdivision improvements in accordance with State law. Said Subdivider shall pay an inspection fee for City to inspect the installation of said subdivision improvements, and to verify that they have been completed in accordance with the plans and specifications. If off-site dedication of property is necessary to facilitate the construction of the required subdivision improvements, the Subdivider and City shall adhere to the requirements of Section 6.04 of the Development Agreement adopted by the City Council on October 3, 2017 by Ordinance No. 1639 (2017 Series) with regards to acquiring said off-site dedication. Title 16 of the San Luis Obispo Municipal Code, entitled "Subdivision," all plans and specifications on file with said City Engineer as a part of said Subdivision Map, and all other documents filed with the City by the Subdivider and approved by the City Engineer are hereby referred to for further particulars in interpreting and defining the obligations of the Subdivider under this agreement. Packet Pg. 59 Item 7 5 Pursuant to Government Code Section 66474.9(b), the subdivider shall defend, indemnify and hold harmless the City and/or its agents, officers and employees from any claim, action or proceeding against the City and/or its agents, officers or employees to attack, set aside, void or annul, the approval by the City of this subdivision, and all actions relating thereto, including but not limited to environmental review (“Indemnified Claims”). The City shall promptly notify the subdivider of any Indemnified Clai m upon being presented with the Indemnified Claim and City shall fully cooperate in the defense against an Indemnified Claim. It is understood and agreed by and between the Subdivider and the City hereto that this agreement shall bind the heirs, executors, administrators, successors and assigns of the respective Parties to this agreement. It is agreed that the Subdivider will furnish copies of the successful bidder's contract unit prices and total bid prices for all of the improvements herein referred to. [signatures on following page] Packet Pg. 60 Item 7 6 IN WITNESS WHEREOF, this agreement has been executed by: SUBDIVIDER AVILA RANCH, LLC a California limited liability company ____________________________ Andrew Mangano, Managing Member CITY OF SAN LUIS OBISPO MAYOR Heidi Harmon ATTEST: CITY CLERK Teresa Purrington APPROVED AS TO FORM: CITY ATTORNEY Christine Dietrick Packet Pg. 61 Item 7 7 EXHIBIT 1Error! Bookmark not defined. TRACT 3089 PHASE 1 SUBDIVISION AGREEMENT 1. The Subdivider has deposited a monumentation security in the amount of $xxxx to guarantee the installation of survey monuments in accordance with the approved map and payment for same. Said guarantee will be released once the installation of monuments has been verified and that existing monuments have not been disturbed, and upon receipt by the City of a letter from the Surveyor indicating that they have completed the work and have been paid. Subdivider shall adhere to the requirements of California Business and Professions Code Section 8771 with regards to monument preservation. The monumentation security also guarantees the replacement of any monuments that were disturbed during construction, along with filing of Records of Survey or Corner Records required by said Section 8771. 2. Phase 1 provides sufficient parkland and park improvements to meet City requirements based on the projected population and housing onsite, so there are no "in-lieu" park fees required. The subdivision improvement bonds include the requirement to pay for a biological, archeological and Native American monitor per the mitigation measures. 3. Water Impact Fees for irrigation water meters shown on the subdivision improvement plans shall be paid prior to subdivision improvement plan approval per Condition #59. 4. The Subdivider has elected to pay a roadway maintenance fee to satisfy Condition #40. The fee of $_______ was approved by the City Engineer in accordance with City Engineering Standards and guidelines. Revise this language if Subdivider elects to post bond and do deflection testing instead. 5. The Subdivider has submitted a security in the amount of $xxxx to guarantee habitat restoration and monitoring per Mitigation Measure BIO-2b. Need details of what this is and when it can be released. 6. The Subdivider shall comply with all requirements of Council Resolution No. 10832 (2017 Series) approving the tentative map and Ordinance No. 1639 (2017 Series) approving the Development Agreement. Packet Pg. 62 Item 7 8 EXHIBIT 2 TRACT 3089 PHASE 1 - FEE AND BOND LIST 175 VENTURE Amount Form Date Received Bond Release Status Bonds and Guarantees: On-Site Faithful Performance: Can be released upon City Council acceptance of improvements, deposit of one-year warranty surety, and approval of record drawings. 1 On -Site Subdivision Improvements (FMAP-xxxx-xxxx) $xxxx xxx xxx 2 Park Improvements for Parks A, B and C (FMAP-xxxx-xxxx) $xxxx xxx xxx 3 Habitat Restoration and Monitoring per MM BIO-2b $xxxx xxx xxx Off-Site Faithful Performance: Can be released upon Public Works Director acceptance of improvements, deposit of one-year warranty surety, and approval of record drawings. ???? (FMAP-xxxx-xxxx) $xxxx xxx xxx ???? (FMAP-xxxx-xxxx) $xxxx xxx xxx Ramp meter for the southbound 101 on -ramp at LOVR per amended Condition #126 $1,250,000 xxx xxx Security to Guarantee Completion of Plans Can be released upon City approval of the plans. Ramp meter for the southbound 101 on -ramp at LOVR $250,000 Certificate of Deposit xxx Ramp meter for the southbound 101 on- ramp at S. Higuera per amended Condition #126 $200,000 Certificate of Deposit Labor & Materials (50% of cost of each of the above improvements) $xxxx xxx xxx Can be released 90 days after acceptance of improvements, if no claims. (Civil Code Section 8412) Monument Guarantee $xxxx CD or Letter of Credit xxx Can be released upon verification that monuments have been set and surveyor has been paid. 10% Warranty To be collected prior to release of Faithful Performance Bonds Can be released one-year after acceptance of improvements, if all of the following are completed: (1) no defects, (2) approval of record drawings, and (3) submittal and approval of a post- construction landscape and restoration report per MM BIO-2g Fees: Map Check Fee $43,458.37 Check 6/4/18 Improvement Plancheck Fee: Deposit Balance Due Total $36,643.31 $xxxx $xxxx Check xxx 5/3/18 Xxx Construction Inspection Fee $xxxx xxx xxx Roadway Maintenance Fee $xxx xxx xxx To be deposited in Acct # 40050300-90346953 Streets Packet Pg. 63 Item 7 9 Reconstruction and Resurfacing Master per Matt Horn Parkland In-Lieu Fee N/A Park Development In-Lieu Fees N/A Water Impact Fees for irrigation meters $xxxx xxx xxx Fair Share Traffic Mitigation Fee (Buckley/SR 227 – Condition #116.a) $270,000 xxx xxx Fair Share Traffic Mitigation Fee (S. Higuera/LOVR – Condition #116.b) $xxxx xxx xxx Fair Share Traffic Mitigation Fee (S. Higuera Class I bike path – Condition #116.c) $xxxx xxx xxx Not required if project is in Citywide TIF. Need to verify. Fair Share Traffic Mitigation Fee (S. Higuera/Tank Farm - Condition #116.e) $113,900 xxx xxx Not required if project is in Citywide TIF. Need to verify. Fair Share Traffic Mitigation Fee (Buckley/Vachell – Condition #116.g) $xxxx xxx xxx Fair Share Traffic Mitigation Fee (Buckley/227 – T34 and Development Agreement) $272,900 xxx xxx Fair Share Traffic Mitigation Fee (Buckley/Davenport – Development Agreement) $230,000 xxx xxx Fair Share Traffic Mitigation Fee (LOVR Interchange – T25) $xxx xxx xxx Affordable Housing Requirements See Affordable Housing Agreement Water Impact Fee1 To be collected with building permit Wastewater Impact Fee1 To be collected with building permit Transportation Impact Fee1 To be collected with building permit 1 All Impact Fees are adjusted annually (July 1) based on CPI. Credit given for demolished units. Packet Pg. 64 Item 7