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FISCAL IMPACT <br />The ENA describes the City’s commitment of $5,000,000 towards the Project with <br />$4,000,000 coming from the Parks Impact Fees (development fees) and $1,000,000 <br />from the commitment from Stanford University’s development agreement. This funding <br />has been designated in the recommended FY 2016-17 Capital Improvement Program, <br />which is anticipated to be approved by the City Council on June 27, 2016. Future <br />financial commitments include the following: <br />· The City and the YMCA-SV will share equally in the design costs associated with <br />the master planning process and Phase I improvements. <br />· The City will assume all fees and expenses associated with future zoning, <br />entitlements and permitting for the Project <br />· The City will pay the costs incurred in connection with the environmental review <br />requirements associated with the development of the Project pursuant to CEQA, <br />and the YMCA-SV will reimburse the City for fifty percent of all CEQA costs once <br />there is a determination for a Project. <br />ENVIRONMENTAL REVIEW <br />This action is not a “project” within the meaning of the California Environmental Quality <br />Act because the activity involves entering into exclusive negotiations on a prospective <br />project, but does not create a commitment to a specific project. (Public Resource Code <br />§ 21065; Guidelines § 15378) During the term of the ENA as the Project develops, the <br />City will conduct CEQA review. <br /> <br />CHRIS BETH <br />DIRECTOR PARKS AND RECREATION <br /> <br />MELISSA STEVENSON DIAZ <br />CITY MANAGER <br /> <br />RELATED DOCUMENTS IN CITY CLERK’S OFFICE <br />1. Letter of Intent <br />6.1.B. - Page 4