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AgdaPkt 2020-11-09 Joint SA PFA
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AgdaPkt 2020-11-09 Joint SA PFA
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Last modified
11/16/2020 8:53:43 AM
Creation date
11/5/2020 6:29:34 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
11/9/2020
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SCALE ALLOWS GREYSTAR TO DO MORE <br />As compared to building out parcels individually, the project's size allows it to: <br />Realign Beech <br />Street as <br />D envisioned in the EI <br />A Camino Corridor <br />Plan <br />9�A <br />Q <br />/VLH <br />B <br />ass <br />Create <br />Significant, <br />Usable Open <br />Space on a large <br />portion of an <br />individual parcel <br />Long -span steel trusses <br />24' height - <br />�\e <br />Leverage impact fee to <br />catalyze creation of <br />new units <br />+$11M Impact Fee <br />+ $14 m Other Sources <br />+$0 City Funds <br />+$0 Non -Profit <br />+ $25m = 39 Units <br />Provide for <br />Family Friendly <br />Entertainment <br />by amortizing <br />cost over entire <br />project <br />Create new • Narrow two blocks of Lathrop <br />affordable housing Street on both sides consistent with <br />stock in RWC by RWCMoves Bike Master Plan <br />• <br />leveraging size of Ensure maximum number of <br />Icommercial impact housing by aggregating density <br />• <br />fee Delivery of community benefits <br />Lcomes immediately and <br />comprehensively not incrementally <br />Subsidize <br />RENT <br />B4A8 <br />T€NWTIMPfIWEIIIAERT3 <br />Rdo°ALUMA OWn <br />build -out <br />LEAH TERM I <br />�-r- <br />of childcare <br />NW41„U„ <br />SUBSIMED SLOTS <br />F�r'4 <br />facility <br />�PU <br />and <br />SGHOLARSHMad <br />rent at no <br />SUDM FEE SCALE <br />_,�,a T w <br />IRFAW17MDDLER <br />COMPONFNT <br />cost <br />Create new • Narrow two blocks of Lathrop <br />affordable housing Street on both sides consistent with <br />stock in RWC by RWCMoves Bike Master Plan <br />• <br />leveraging size of Ensure maximum number of <br />Icommercial impact housing by aggregating density <br />• <br />fee Delivery of community benefits <br />Lcomes immediately and <br />comprehensively not incrementally <br />
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