11B Public Hearings - Laserfiche WebLink

Home

File Number: 22-245 Multifamily components of the project, building designs 15% more efficient than the Building Code, and substantial infrastructure investment to elevate the site and stabilize it to help it withstand risks and impacts of sea level rise to the year 2070; ·Complying with the City's fiscal neutrality policy for the Shoreline through dedicated special tax revenues (Community Facility District), the Developer’s obligation to build and fund key public infrastructure and amenities (including items described above), and profit sharing to the City through performance rents; ·Improving the structure of obligations of the City’s Shoreline Fund, providing a minimum of $1.4 million in additional annual lease revenue and an estimated $900,000 in Hotel Transit Occupancy Tax per year; ·Providing increased annual property tax revenue with an estimated assessed valuation of over $300 Million, of which 12% of net new property tax revenue would go to the City and the remainder primarily to the school districts and Alameda County; ·Generating over $350 million in private investment for development of the project and over $300,000 in expected building permit fees, as well as development impact fees for the City and other agencies, including the San Leandro Unified School District; and ·Investing a minimum of $2 million in public art in the project area. Next steps include further preparation of technical studies and permits prior to the start of on-site construction, as detailed in the Conditions of Approval (Exhibit G to the Resolution in Attachment A). The property sale and leases are anticipated to occur by the end of 2022. Public outreach on the City park will resume in June/July. Applicable General Plan Policies The project is consistent with the General Plan’s goals, policies, and objectives. The Tentative Map includes parcels with General Plan land use designations of Commercial Community District (Planned Development), Commercial Recreational District, Residential Multi-Family (22 DU/Acre) (Planned Development), and Residential Multi-Family (24 DU/Acre) (Planned Development). The purpose of these established land use designations is to provide for a mix of commercial, residential, and recreational activities in alignment with the proposed Shoreline Development. The pertinent General Plan goals, policies, and actions that apply to the Shoreline Development project include: Goal LU-9. Reinforce the San Leandro Shoreline as a regional destination for dining, lodging, entertainment, and recreation, while creating a new waterfront neighborhood with housing, retail, and office uses. Policy LU-9.1 Waterfront Enhancement. Enhance the San Leandro waterfront as a distinguished recreational shoreline and conservation area, with complementary activities that boost its appeal as a destination for San Leandro residents and visitors. Future development at the Shoreline should be compatible with the area's scenic and recreational qualities. Policy LU-9.3. Public Amenities in Shoreline Development. Ensure that future development at the Shoreline includes complementary amenities that benefit San Leandro residents and current shoreline users, such as improved park space, restaurants, Page 9 City of San Leandro Printed on 6/15/2022