AgdaPkt 2002-05-06 - Laserfiche WebLink

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Development Agreement Terms (DA) The attached draft DA reflects the results of these negotiations. Following are the major issues raised by the DA. Term The DA has a total 5-year term, with the reauirement that construction must be 'substantially commenced' by the second annivers~' date; and that construction must be 'substantially completed' by the third anniversary. The owners indicated agreement with this term when the issue came before the Planning Commission. Fees and Exactions On page xx you will find sections entitled 'Standard Improvements' and 'Additional Improvements'. These have been the subject of most discussion during the negotiation and are covered in more length following. Standard Improvements There are a variety of improvements that Redwood City requires of every developer, with · or without a DA. These are described more precisely in Exhibit C but in summary form they include: · Developers are required to make offsite improvements adjacent to the project. The owner must make improvements to the half of Willow Street adjacent to the property, including new curb, gutter and sidewalk, storm drains and street trees. · The City's standard requirement is that developers must underground utility lines adjacent to the property. The subject parcel has overhead lines on both the Middlefield and Willow faces of the property. Given the small size of the project, and the fact that there are no other projects that would underground any other lines in the vicinity of this site, staff agreed to a fee of $58,134 in lieu of undergmunding power lines adjacent to the Middlefleld road side of the properbj=. The owners have agreed to underground the lines on the Willow Street side. Additional Improvements This section describes the consideration the City will receive for entering into the DA. As already noted, the owner is required to make improvements to the centerline of Willow as part of their standard improvements. When we began negotiations over the DA, staff's original notion was for the owner to make the improvements to the remainder of the roadway when they did the other work on Willow Street. The owner resisted this idea and instead proposed an in-lieu fee. Staff agreed to the in-lieu fee for two reasons: 1. There are no curbs, gutters or sidewalks on the street. There would need to be some significant grade changes to ensure that installation of new sidewalk did not create drainage difficulties with the other properties on the street. This owner would have to get agreements from adjacent owners to accomplish the 2 This fee is derived from the frontage dimension on Middlefield Road multiplied by an estimated cost of $600 per linear foot of undergrounding (96.89 x $600). The cost of $600 per linear foot is based on Engineering's recent experience with undergrounding projects.