Reso 2020-149 Bay Fair TOD - Laserfiche WebLink

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BAY FAIR TOD SPECIFIC PLAN City Resources • GENERAL FUND. General Fund revenues are primarily used to pay for ongoing municipal services and operations. Both the General Fund and the Capital Improvement Program are critical funding sources for providing up -front, short-term investments to incentivize future private investment activity in the Bay Fair TOD Specific Plan Area. • CAPITAL IMPROVEMENT PROGRAM (CIP). Infrastructure projects identified in the Bay Fair TOD Specific Plan - including the major capital improvement projects - are candidates for inclusion in the City's Capital Improvement Program, which is updated annually and includes a projection of five years of future infrastructure projects. Developer Contributions • DEVELOPMENT STANDARDS. Each new development project will contribute to the Bay Fair TOD Specific Plan implementation by meeting requirements regulating each project's land uses, height, density, bulk, parking requirements, on -site circulation, on -site open space, street frontage improvements, and other features. These standards are adopted in the City's Zoning Code Ordinance and must be satisfied in order for a project to be granted approval. • CEQA MITIGATIONS. As a requirement of approval, developers may be required to undertake a number of mitigation measures, such as off -site traffic mitigation as defined by the California Environmental Quality Act (CEQA). • IMPACT / IN -LIEU FEES. Impact and in -lieu fees are one-time fees imposed on new developments to pay for improvements and facilities that either serve the new development or reduce the impacts of the project on the community. Fee revenues cannot be used to fund existing deficiencies in infrastructure. In -lieu fees are payments made instead of meeting an on -site development, while impact fees are required unless the impact is addressed in some other way (if allowed). San Leandro's existing impact fees are dedicated to specific traffic mitigation, street improvements, and parks. The City may also choose to establish fees unique to the Specific Plan through a nexus study. • NEGOTIATED AGREEMENTS. Community benefits are developer contributions that exceed the baseline features required under development standards, environmental mitigation measures, and impactfees. These agreements aretypically negotiated for large development projects - often either as a codified condition of approval for projects meeting certain conditions, or in exchange for variances from existing land use regulations - and could potentially be applicable to the larger property holdings in the Bay Fair TOD Specific Plan Area. 132