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r-- applicants today regarding the requirement of the traffic signal at the corner of Bernal, Vineyard, and Tawny. She noted that the applicant is not opposed to installing the signal with reimbursement coming from local traffic fees for this project and future projects on the properties in the Stanley Business Park owned by this property owner. Ms. Maier advised that staff is recommending approval ofthe project subject to the conditions in Exhibit "B." In response to an inquiry from Commissioner Roberts, Ms. Maier advised that the traffic signal is not currently funded in the Capital Improvement Program. Ms. Seto reported that this traffic signal was listed as one ofthe many traffic improvements needed when the City reviewed and adopted the local traffic fee in 1998. She noted that this project has not reached the top of the City Council's priority list to receive funding. She further noted that the property owner has agreed to construct the signal and they will not have to pay the $50,000 in traffic fees due on this project. She advised that the excess cost ofthe traffic signal installation incurred by the property owner would be paid to them through a credit process provided by the ordinance as they build out other projects on the property that they own in the Stanley Business Park. Commissioner Harvey inquired as to whether this same condition would apply to a property owner who owned only one parcel. Ms. Seto responded that it would still be applied, and under the provisions of the ordinance, that owner would be reimbursed as local traffic fees are collected. She noted that this applicant is being treated more favorably, because he can apply this credit to other development, whereas other developers with a stand-alone parcel can only collect the reimbursement as the City builds out, and it would take longer to get their money back. .- In response to an inquiry from Commissioner Roberts, Ms. Maier presented a copy of the striping plan for Del Valle Parkway, noting that a four-foot bike lane and 12-foot double turn lane in the middle of the street are being added. Commissioner Sullivan noted that the letter from the architect regarding green building measures indicates that a lot of the items "may" or "can" be done. He stated that there is no commitment on most of the measures. Ms. Maier noted that she thinks the intent is that where it says "can" in order to meet the requirement for the credit, he can and will do those things. She suggested that the applicant respond to this item. Commissioner Sullivan commented that the letter states that an item related to renewable energy is not feasible due to cost. He questioned how far the applicant explored whether it would be feasible or not. Ms. Maier suggested that the applicant response to that inquiry. In response to an inquiry from Chairperson Maas, Ms. Seto advised that she does not believe the traffic fee credit is interest bearing, but she would explore that further. She noted that the applicant is agreeable to the credit. THE PUBLIC HEARING WAS OPENED r- John Corley, 699 Peters Avenue, represented the property owner, providing background on the development of the Stanley Business Park and the proposed building site. He noted that this is the site ofthe former Remillard brick factory. Mr. Corley advised that the property owner provided the land and constructed the Bernal Avenue extension to Stan1eyNalley, and the PLANNING COMMISSION MINUTES March 13,2002 Page 3