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File Number: 20-057 <br />publicly-accessible open spaces, including a nine acre park at Mulford Point, waterfront <br />promenades with shoreline and flood protection improvements, and a developer-funded and <br />developer redesigned nine-hole golf course; <br />·Mitigate traffic impacts by requiring transportation demand management strategies (shuttle, <br />transit passes, etc.) and contributing towards transportation infrastructure, such as new and <br />modernized traffic signals, bicycle lanes, and portions of the Bay Trail; <br />·Provide a variety of sustainable features, including LEED certification for the Hotel and <br />Multifamily components of the project, building designs 15% more efficient than code, and <br />substantial infrastructure investment to elevate the site and stabilize it to help it withstand risks <br />and impacts of sea level rise; <br />·Comply with the City's fiscal neutrality policy for the Shoreline through dedicated special tax <br />revenues (Community Facility District); the Developer’s obligation to build and fund key public <br />infrastructure and amenities (including items described above); and profit sharing to the City <br />through performance rents; <br />·Improve the structure of obligations of the City’s Shoreline Fund, providing a minimum of $1.3 <br />million in additional rental revenue and over $500,000 in Hotel Transit Occupancy Tax per <br />year at stabilization, which may be utilized to offset existing capital debts and contribute <br />toward ongoing maintenance and operations going forward; <br />·Provide increased annual property tax revenue which may be utilized to offset the cost of <br />providing services to the new residents and users, with an estimated assessed valuation of <br />over $300 Million, of which 12% of net new property tax revenue would go to the City and the <br />remainder primarily to the school districts and Alameda County; <br />·Over $350 million in private investment for development of the project, which will generate <br />over $2 million in expected building permit fees to cover the cost of reviewing development <br />proposals and ensuring compliance with applicable regulations and best practices and <br />approximately $10.5 million in development impact fees to offset City infrastructure costs; and <br />·Significant investment in public art in the project area. <br />The Shoreline development is the culmination of a unique and extensive community-based <br />planning process that began in 2008 and continued for over 10 years. As demonstrated above, <br />the Disposition and Development Agreement and proposed General Plan and Zoning Map <br />Amendments serve the public interest and lay the foundation for development of the Shoreline <br />area with a resilient and self-sustaining mix of housing, recreation, public amenities, and <br />hospitality consistent with the General Plan. Future planning applications, a Planned Development <br />Project, Tentative Map, Site Plan Review, Conditional Use Permit, and a Development <br />Agreement will provide additional opportunities for the Board of Zoning Adjustments/Planning <br />Commission and City Council to review details related to site improvements, resiliency, <br />energy-efficiency, livability, and architectural design. <br />ENVIRONMENTAL REVIEW <br />On July 20, 2015, the City Council adopted Resolution No. 2015-125 certifying an EIR entitled, <br />“San Leandro Shoreline Development Project EIR (SCH # 2013072011).” In conjunction with the <br />certification of the Certified EIR, a Mitigation Monitoring and Report Program (MMRP) was <br />adopted for the Project. <br />The California Environmental Quality Act (CEQA), Public Resources Code Section 21000, et <br />Page 9 City of San Leandro Printed on 2/19/202016