3A Public Hearing 2010 0503 - Laserfiche WebLink

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Fund" to be used for various improvements, amenities and services benefiting the City of San Leandro, thereby mitigating the fiscal impact of the Project. The Community Impacts Fund will be paid to the City of San Leandro general fund, to be used at the sole discretion of the City Council for any purposes permitted under the law. The Community Impacts Fund payment amount is based on two considerations: 1. To mitigate the fiscal impact of the Project on the General Fund, Kaiser will contribute $1.5 million to the Community Impacts Fund. This amount is based on analysis conducted by Keyser Marston Associates in a Fiscal Impact Assessment prepared for the City (see EXHIBIT G: Fiscal Impact Assessment). That study found that General Fund expenditures from Phase 1 of the Project will exceed General Fund revenues by roughly $400,000 annually. Once the retail portion of the Project is completed, the combined Medical Center -Retail development will result in a positive fiscal impact of roughly $450,000, annually. Accordingly, this component of the Community Impacts Fund payment is intended to mitigate the Project's fiscal impact from the period between the opening of the Medical Center and the completion of the retail portion of the project. 2. Payment of the remaining $1.6 million to the Community Impact Fund will be in lieu of payment of Development Fees for Street Improvements (DFSI) for Phase 1. Although the use of these funds will be flexible, staff recommends that, to the extent possible, this share of the payment be reserved for street improvements consistent with the DFSI program. For any future phases, DFSI fee shall be based on the fee amounts in place at the time a building permit is issued. • Kaiser agrees to work with the City to form and fund an assessment district to cover Kaiser's fair -share of the cost of street maintenance and replacement, sidewalk maintenance, storm drainage, maintaining landscaping in public right-of-way, and the maintenance of traffic signals. • Kaiser agrees to work with City staff to coordinate its shuttle service with the LINKS Service in a mutually beneficial manner. • Kaiser agrees to prepare and implement a TDM Program to reduce vehicle trips generated by the Project by approximately 10 to 15 percent. Kaiser agrees to develop and implement the TDM plan consistent with the guidelines of the Project's EIR. City Contributions and Obligations • City agrees to vest the Project entitlements for the Kaiser Medical Center for a 25 year term, and to vest the rights of the retail -portion of the Project for a term of 15 years. • City agrees to exempt the Project from any future costs related to the I-880 HOV Lane Project or the Marina Interchange Project in exchange for Kaiser's previous payments. • City agrees to freeze the categories of fees and exactions that the Project is subject to (including traffic related fees and exactions), but the fee amounts will be adjusted periodically for inflation based on the amount in place at the time the fee is due. Planning Commission Staff Report April 22, 2010 Kaiser Permanente San Leandro Medical Center and Mixed Use Retail Development Project Page 25 of 28