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�.3��. <br /> The staff and the applicant have agreed on a fee of $50,000 to be deposited into an <br /> account for undergrounding utilities on Industrial Road. This money is not to be used <br /> for their on-site connection, but only for work in the public right-of-way. This <br /> agreement is only for the existing buildings. If a new building is constructed or an <br /> addition to the existing building is approved, the requirements of the "Local <br /> Development Standards" would come into effect. <br /> Conclusion <br /> The proposed change of use of the building does not add any floor area, but has <br /> triggered several other improvements to the building and surrounding property. The <br /> undergrounding of the overhead lines in addition to other improvements is excessive <br /> for a 21,000 square-foot remodel. <br /> Fiscal Impacts <br /> Without a design for undergrounding, it is difficult to determine the exact cost. A <br /> rough estimate from PG&E was $200,000 for all undergrounding. The $50,000 <br /> would be equivalent to doing what is located on one frontage of this corner lot, which <br /> has approximately one-fourth of the overhead lines. <br /> The City gets an annual amount of money for undergrounding utilities. The next <br /> underground project will be Roosevelt Avenue Reconstruction — Phase If. Following <br /> that, Whipple Avenue (and portions of In�us�rial Road) might be the next project <br /> area. The $50,000 would allow the City to do more undergrounding at that time. <br /> There is no fiscal impact to the City. <br /> � �' <br /> el atterson Ed Evere <br /> anager, Engineering and Construction City Manager <br /> JP: ss <br /> s/library/joeUcouncil funding agreement ug utilities <br /> -2- <br />