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2. The City Is evaluating its policy towards unimproved streets. Whatever the final <br /> form of the policy, receipt of an in-lieu fee will allow the City Council maximum <br /> flexibility. For the term of the DA the in-lieu fees would have to be used on <br /> Willow. After five years the funds could be used anywhere in Redwood City. <br /> <br /> Our Engineer's estimate for these ~',ditional improvements is $124,931, including <br /> contingencies and inspection costs. The detailed breakdown of this cost is attached to this <br /> report. <br /> <br /> Alternatives <br /> If Council approves this Ordinance, the owners will have five years to complete their <br /> project. If the Council does not approve the Ordinance, the owners Architectural Peihdt <br /> expires on Februa~j 27, 2002. Their standing as a 'pipeline project' would terminate as of <br /> this date, and any subsequent proposals to develop this site would have to confori-~ to the <br /> current zoning. <br /> <br /> Fiscal Impact <br /> If the development proceeds, passage of the Ordinance will result in the City receiving <br /> $58,134 in-lieu of undergrounding costs; and $124,931 in-lieu of improvements to Willow <br /> Street. These funds will be paid by the owner at building permit issuance. If they never <br /> proceed to site work, the fees will be refunded. Once site work begins, the In-lieu fees will <br /> be non-refundable. The owner must have construction 'substantially commenced' within <br /> two years and 'substantially completed' by the third anniversary3. <br /> <br /> Michael Church <br /> Planning & Redevelopment Manager <br /> <br />Attachments <br />1, Cost estimate for Offsite Street Improvements - 2233 Middlefield Road <br />2. Development Agreement <br /> <br />Cost Estimate for the Off-Site Improvements to 2233 Mlddlefleld Road <br /> <br />1 J Excavation of existing pavement, existing ground, <br /> Including hauling. <br /> a. Pavement removal - 3,625 SF ~ $3.00 $10,875 <br /> <br />3 These are defined terms in the DA. <br /> <br /> 4 <br /> <br /> <br />