Minutes 1992 0406 - Laserfiche WebLink

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Minutes - San Leandro City Council Meeting - April 6, 1992 Page - 13 - PUBLIC HEARINGS (continued) consideration of the Development Plan; the memorandum regarding clarifications to the Final EIR; the Resolution recommending certification of the Final EIR; the Resolution recommending amendment to the "S" Review Criteria #5; Planning Commission Resolution Recommending Approval of the General Development Plan with the Conditions of Approval ; Revised General Development Plan text; staff report to Planning Commission dated February 28, 1992, with a detailed analysis providing review of project alternatives; Minutes from seven Planning Commission Meetings; review of the Fiscal Analysis and Response; and two staff memorandums responding to comments raised at the Public Hearings. He said the Planning Commission and staff recommended approval of the project with Conditions. He said the developer has expressed concern regarding the Planning Commission recommendation for five units maximum for attached units. He said the Planning Commission feels only five units will provide a more open look. He noted staff feels the General Development Plan information in this area is not conclusive enough to determine the number of units in the attached units and recommends waiting until the Precise Development Plan is prepared to make this determination. He said staff recommends Condition #19 of the Conditions of Approval , found on page 82 in the Public Hearing packet, be removed. John Jermanis, Finance Director, spoke regarding the Fiscal Analysis. He said the analysis is in two parts. He said, first, it analyzes General Fund revenue against expenditures over a 10-year period and indicates there would be a $10,000 surplus, increasing to $230,000 in 1998. He said at that point it would decline because it has been figured in constant 1991 dollars. He said over time expenditures would catch up with revenue and would level off. He said in terms of contribution, the Plan notes there will be $1 .5 million in contributions and improvements related to the shoreline area. He said an assessment district would need to be formed. He said revenue sources and allocations are reasonable. He noted San Leandro now has one of the lowest property taxes in the State, and only 15% of the General Fund is funded through property taxes. He said San Leandro has an unusually high per capita sales tax. He said the sales tax figure used in the analysis is relatively low. He said real property transfer tax assumes there would not be much change in value over the life of the project. He said the motor vehicle in-lieu fee taxes are hard to assess, and he noted the cigarette tax monies will probably be taken away from cities. He said the revenue estimates are conservative and expenditure estimates are done on a per capita basis and they cost less. He said, on balance, the analysis accurately reflects revenue and expenditures.