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9.C. - Page 9 <br /> of what is feasible to build. The "sweet spot"will move over time, and sometimes disappear <br /> altogether, such as during the worst part of the last recession. It is important to have ongoing, open <br /> communications with developers and community members alike to stay ahead of market trends and <br /> be able to adjust the benefits and bonus over time in a transparent way. For example, the City of San <br /> Diego indexes their FAR purchase price to the Consumer Price Index,with adjustment made <br /> annually. This creates a predictable process for developers while ensuring the bonus keeps pace with <br /> inflationary trends. <br /> A Note about Schools and Public Benefits <br /> Like many communities throughout California,Mountain View is concerned about ensuring new <br /> development contributes to the quality of its schools and educational programs. The type of <br /> development—and public benefit—that occurs in the City has the potential to impact the local <br /> school system in a number of ways. <br /> In San Francisco, new development in the Bayview/Hunters Point neighborhood must contribute <br /> fees to an education support fund.Although this education fee was negotiated as a part of a <br /> Community Benefits Agreement,it would be feasible to create a FAR purchase program such as the <br /> one in San Diego (see case study, below),with contributions going to support programs or facilities <br /> at a neighborhood school. To do this would require addressing jurisdictional logistics between the <br /> school district and the City. <br /> In both Tampa and Santa Monica,public benefit bonus programs include additional bonuses for <br /> housing developments that include on-site or adjacent child care facilities. In Tampa,the bonus is <br /> calculated as the percentage of need met on-site for a child care center, based on the number of <br /> children generated by the project. <br /> Beyond public benefit bonuses, school districts also have the ability to levy developer impact fees on <br /> new residential and commercial construction or to create Mello-Roos Community Facilities Districts <br /> to address the impacts of new students on existing school facilities. <br /> Page 4of15 <br />