Reso PC22-09 0083 PC Reso Recommending General Plan Amendment Approval Harbor View Project

Browse Search

ATTY/AGR/2022.389/HARBOR VIEW PROJECT DEVELOPMENT AGREEMENT REV: 10-28-2022 VR 11 Project. Such evidence may consist of a cancelled check and a letter from the Sequoia Branch of the YMCA acknowledging payment has been made, or other evidence reasonably acceptable to City. Section 3.5 Transportation Improvements and Contributions. A. US 101/SR 84 Interchange Public Benefit Contribution. Developer shall pay to City One Million Dollars ($1,000,000), plus the product of $1,000,000 times the percentage increase in CCI between the Effective Date and the date on which such payment is made, which funds shall be utilized by City fo r the US 101/SR 84 interchange improvement project (“US 101/SR 84 Interchange Public Benefit Contribution”). Developer shall make the US 101/SR 84 Interchange Public Benefit Contribution to City prior to the issuance of the first office building permit for the Project. The US 101/SR 84 Interchange Public Benefit Contribution shall be in addition to the US 101/SR 84 Fair Share Contribution. B. Alternative Transpo rtation Contribution. Developer shall pay to City One Hundred Thousand Dollars ($100,000), plus the product of $100,000 times the percentage increase in CPI between the Effective Date and the date on which such payment is made, which funds shall be utilized by City to support alternative transportation modes east of Highway 101 including ferry terminal development and service (“Alternative Transportation Contribution”). Developer shall make the Alternative Transportation Contribution to City prior to the issuance of the first office building permit for the Project. C. B lomquist Bridge Project Contribut ion. Developer shall pay to City Six Million Five Hundred Thousand Dollars ($6,500,000) plus the product of $6,500,000 times the percentage increase in CCI between the Effective Date and the date on which such payment is made, which funds shall be utilized by City to fund Blomquist bridge related infrastructure improvements, which may include installation of water lines under the proposed new bridge (the “Blomquist Bridge Project Contribution”). Subject to the credits described in Section 6.4 below, Developer shall make the Blomquist Bridge Project Contribution to City prior to the issuance of the first office building permit for the Project. Payment of the Blomquist Bridge Project Contribution shall be deemed to fully satisfy Developer’s obligations under the FEIR with respect to the East 101 fair share contribution. D. O ld Seaport Bicycle and Pedestrian Enhancements. Developer shall construct enhanced improvements along the Project frontage at Old Seaport in the areas described in Exhibit H, Old Seaport Scope of Work, attached hereto and incorporated herein by reference (“Old Seaport Pedestrian and Bicycle Enhancements”). The community benefit of the Old Seaport Pedestrian and Bicycle Enhancements are estimated as of the Effective Date to have a value of Four Million Seven Hundred Thousand Dollars ($4,700,000). The Old Seaport Pedestrian and Bicycle Enhancements shall be constructed with the Project and shall be included in the Subdivision Improvement Agreement defined in Section 3.6. E. Blomquist Water Main Improvements. Subject to the credits described in Section 6.4 below , prior to issuance of the first certificate of occupancy for the first office building, Developer shall construct approximately 400 LF of 20” water main from the intersection of Maple Street and Blomquist Street to the Project’s western property line adjacent to the County Jail at