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Packet 20230515
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Last modified
10/6/2025 10:26:51 AM
Creation date
5/31/2023 12:02:19 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
5/15/2023
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PERM
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Reso 23-054 Ending of the Shoreline Advisory Group
(Amended)
Path:
\City Clerk\City Council\Resolutions\2023
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SIGNIFICANT REVENUE GENERATION <br />$400M+ <br />Financial investments <br />$350M private investment <br />$40M public investment <br />(funded by $29M sale of <br />property & fees) <br />~$2.3M <br />Long-term annual revenues <br />$1.4 M/year lease payments (min) <br />$900,000/year TOT <br />Increased annual property tax <br />36 <br />~$15M <br />Impact & permit fees <br />21 affordable units <br />$2.2M Affordable Housing Fee <br />$9.08M Park Fees <br />$2.8M School Fees <br />Community Facilities District will contribute to <br />ongoing maintenance costs for Shoreline area <br />Attachment B
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