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7.3.B. - Page 3 <br /> FISCAL IMPACT <br /> The City will receive payment of $3.59 million. One half of these funds will be <br /> transferred to SamTrans, as noted above. Funds are recommended to be placed in the <br /> City's Housing Fund. Additionally, the City will receive separate from the sales funds <br /> $150,000 in Community Benefits, to be distributed as noted in the report. <br /> ENVIRONMENTAL REVIEW <br /> In 2010, an Environmental Impact Report (State Clearinghouse #2006052027) was <br /> prepared to assess potential impacts resulting from the implementation of the DTPP. <br /> The DTPP established new land use, development, and urban design regulations for <br /> the 183 -acre DTPP area for a 20 -year planning period, including the potential for up to <br /> 2,500 residential units. The DTPP Environmental Impact Report (EIR) was certified by <br /> the City Council on January 24, 2011. <br /> An Initial Study checklist (Attachment 3) has been prepared to consider whether any <br /> new effects not identified in the DTPP EIR may be created by this project. The Initial <br /> Study checklist confirmed that the proposed project would not result in new <br /> environmental impacts beyond those previously identified in the DTPP EIR. <br /> /;1 <br /> BILL EKERN <br /> ASSISTANT CITY MANAGER <br /> ROBERT B. BELL <br /> CITY MANAGER <br /> ATTACHMENTS <br /> 1. Resolution <br /> 2. Property Disposition Agreement <br /> 3. IS Checklist <br />