AgdaPkt 2015-03-23 Closed and Joint SA PFA

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9.A. - Page 5 Through establishment or revisions to the plans, the City can determine what "intrinsic" values the community would like established within each plan area, that aren't typically provided for by the private development market. For example, daycare centers, affordable housing and sports fields are not typically produced by the private development market, but are highly desired by the community (based on feedback in workshops). In another example, properties adjacent to the Bay could take advantage of certain development incentives if they provided public access or recreational opportunities along the shore. The Plan could be structured in a way that the maximum development standards can only be achieved when the overall development includes attributes that the community values. Area-Specific Plans Description 1. Inner Harbor This plan will have an integrated program of Community Benefits. Precise Plan Adoption is expected in Summer 2015. 2. El Camino Real This proposed plan could have a variety of community benefit Corridor Plan requirements. Start of work is expected in Spring 2015, with project continuing through Spring 2016. 3. Downtown Precise Future amendments to this plan could integrate a tiered Plan development system that would require higher levels of community benefits based on development intensities. Timeline not yet determined. 3.Establishment of a Community Fund Through the workshops, the community has identified various programs and needs that don't fall within an impact fee or "Onsite community improvement" framework. In many instances, it might be more effective to simply collect the funding necessary to support a neighborhood and city-wide program, rather than build something for the community within the development footprint. Based on feedback at the workshop and online, examples of programs the community would like to see funded include: Afterschool Programs, Bike Share Program, Community Facilities, Community Projects, Community and Arts Events, Job Training and Apprentice Programs, Education Foundation, Façade Improvements, Recreation Programs and Community Wide Shuttle services. Furthermore, the Community Fund could be used as an ongoing revenue source for the Human Services Financial Assistance (HSFA) Program. These community priorities could be funded through the establishment of a Community Fund. Similar to onsite community improvements, a developer would only be able to maximize the zoning potential when they make contributions to the community funds. Funds would typically be received through development agreements and other mechanisms. 1. Community Fund Establish a community fund with priorities to be established each year by the Council at the time of budget adoption. These fees could be received from developers, development agreements, or contributions from Redwood City businesses.