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City of Pleasanton
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2009
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061609
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6/10/2009 2:21:52 PM
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6/10/2009 2:21:50 PM
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CITY CLERK
CITY CLERK - TYPE
STAFF REPORTS
DOCUMENT DATE
6/16/2009
DESTRUCT DATE
15 Y
DOCUMENT NO
16
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The number of residential units and commercial square footage included as revenue generating projects <br /> is as follows: <br /> FULY APPROVED RESIDENTIAL AND CONIMERCIAL DEVELOPMENTS PROJECTS <br /> USED FOR REVENUE PROJECTIONS <br /> RESIDENTIAL COMMERCIAL <br /> Calendar Year Number of Units Calendar Year Square Footage <br /> 2009 30 2009 11,620 <br /> 2010 305 2010 25,238 <br /> 2010 302 2011 172,995 <br /> 2011 75 2012 0 <br /> TOTAL 712 TOTAL 209,853 <br /> Because the City does not control the timeline for these developments, the unit projections are staff's <br /> best estimate based on recent development activity and discussions with the developers. Should projects <br /> scheduled for calendar year 2009 not occur, the unit totals and corresponding revenue will be reduced. <br /> Should new projects develop, the unit totals and corresponding revenue may be adjusted and /or <br /> increased. If this should happen, as indicated above, an adjustment will be made in the Mid -Term CIP <br /> without affecting projects funded in 2009 -10. In general, development projections must be viewed as <br /> tentative since even approved projects may be affected by the economy and the health of the housing and <br /> construction industry that is generally beyond the City's control. In addition, of the 712 residential units <br /> projected in the CIP, a total of 350 are estimated from the Windstar/ BART project and 100 for the <br /> Ponderosa Active Senior Development. As a result, 63% of the total development revenue is projected <br /> to come from two projects. If these projects do not proceed as planned, significant revenue adjustments <br /> will he realized. <br /> Because additional development related revenue could become available to the CIP if new development <br /> is approved, it is difficult to estimate the total amount of development revenue that could be available in <br /> this CIP. However, as the City approaches build -out, development related revenue as a percentage of <br /> total available CIP revenues should continue to decrease. Nevertheless, development related revenue <br /> continues to play an important role in this CIP. The trend in development fees is outlined in the graph <br /> below. <br /> 14 <br />
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