AgdaPkt 2009-02-23 clsd and reg - Laserfiche WebLink

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6.18 Page 2 1. Property tax payments to the City of which a portion would otherwise fund local services and governmental functions; 2. Sales tax generation/revenues (I.e. from displaced revenue generators, any business to business tax, and lost business opportunity costs, etc.); 3. Utility user tax payments/revenues without a cap. Redwood City currently has a $50,000 cap for single payers; consequently, the study should evaluate the fiscal effects of waiving this cap; 4. Point of sale billing losses that might result if transactions are recorded at the main University campus in Palo Alto (Le. the need for Stanford University to use Redwood City as its point of sale billing address for use taxes, cen phone taxes, etc.); 5. City police and fire service and equipment costs including police traffic and crime patrol; fire and emergency services and equipment needs (new trucks with ladders needed to service taller buildings), etc.; 6. One time fees/cost analysis from City permits and fees (Le. traffic, sewer, water impact fees), construction employment, etc.; 7. "Value added" by Stanford University's project proposal for short and long-term economic benefits (e.g. construction, use, occupancy, sales, property tax, potential agglomeration, etc.). Separate one-time revenue (construction materials) from ongoing revenues (property and sales taxes); and 8. School District ERAF Revenues- Estimate the impact that school districts' lost revenues will have on the City's excess ERAF refund. Economic Analysis Provide an analysis of local economic impacts. Will the project 1. Support local businesses and/or provide other public benefits through employee spending? 2. Create/increase job growth (Le. attract biotech and/or other industries to Redwood City) or displace businesses for local Redwood City residents? 3. Support downtown businesses? 4. Impact future City revenue through lost business opportunities (Le. auto sales, big box retail, R&D, biotech, IIgreen" and other industries that are allowed to occupy the campus under the existing General Plan and Zoning designations)? Special Studies Provide the following special studies. 1. Childcare needs analysis for Stanford University employees and surrounding neighborhood. 2. Housing impact analysis, including a housing! jobs balance analysis and affordable housing needs assessment. 3. Hotel (full service) needs analysis. 4. General Plan alternative land uses analysis for the neighborhood compared to existing land uses. 5. Transportation Infrastructure Assessment -- Based on the results of the environmental impact report (EIR) analysis, it is anticipated that substantial mitigation will be required to reduce project traffic impacts. Infrastructure improvements being considered in the new General Plan in this part of town include Highways 101/84 and new light rail/street car system improvements. Keyser Marston will assist the City in analyzing Stanford's fair share contribution to such major system needs and develop a strategy for implementation of major infrastructure.