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Subject: FW: Please consider Feasibility Analysis info attached <br /> Attachments: Feasibility Table.pdf; Scan 151520013.pdf; Scan 151520015.pdf;Scan 151520017.pdf; <br /> Scan 151520019.pdf; Scan 151520021.pdf;Scan 151520003.pdf;Scan 151520005.pdf; <br /> Scan 151520007.pdf; Scan 151520009.pdf; Scan 151520011.pdf <br /> SUPPLEMENTAL MATERIAL <br /> From: kayalal Provided to the City Council <br /> Sent:Tuesday, June 02, 2015 10:32 AM <br /> To: Mayor and City Council After Distribution of Packet <br /> Subject: Fwd: Please consider Feasibility Analysis info attached / -1-40/5 <br /> Data •(Q <br /> Mayor and City Council: <br /> A Economic Feasibility Analysis was prepared for the East Side task force in May,2014. The 11 page report is attached. The first <br /> attachment titled Feasibility Table <br /> is the most important document. Please take a few minutes to look at the table. <br /> Summary: It is our opinion that none of the alternatives are economically feasible. <br /> All statements below are from EPSP Economic Feasibility Analysis dated 5/29/14 and support our opinion: <br /> All development alternatives assume Mello-Roos Community Facilities District(CDF—special tax$150 per month per unit)This may <br /> not be feasible. <br /> (pg. 10) <br /> Baseline—All of the tested alternatives are unlikely to be economically feasible assuming they are subject to city's Growth Management <br /> Ordinance of 100 units per year. <br /> (p9.4) <br /> Faster Absorption(200-250 year)—Feasible only in 1,300 unit alternative <br /> (250 first 2 years,200 units thereafter.)Will require upfront credits under GMO. <br /> (pg.4) <br /> Cumulative(faster absorption/optimal land value)—Feasible only 1,300 units <br /> (pg.6) <br /> Optimized Land Value—developers report higher values would require higher%of 3 story homes—not evaluated/may not be <br /> achieved. <br /> (pg.4) <br /> Cumulative with no CFD—Elimination of CFD proceeds has a negative effect on development feasibility of the project. Feasible only <br /> 1,300 units with no school <br /> in optimistic category and construction of school in conservative category. <br /> (Pg. 6) <br /> In the interest of saving time and money for the city, please consider stopping the East Side Plan and the DEIR. Infrastructure should <br /> be our main priority including <br /> Water Element of GP,traffic, schools, airport safety, UGB, regional funding for El Charro,completion of Highway 84 and safety while <br /> quarries continue to operate. <br /> Thank you for your consideration, <br /> Kay Ayala(unable to attend tonight's meeting) <br /> Sandy Yamaoda <br /> Click here to report this email as spam. <br /> 1 <br />