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Ficture 5: Table of Potential JDEDZ Fees By Parcel
<br />JDEDZ Transportation Fee by Parcel
<br />Projected Phase I Development (excluding Costco)
<br />Building
<br />Parcel Use Size [1]
<br />Parcel Size [3]
<br />Transpo
<br />nation
<br />Fee per
<br />GSF
<br />Total Fee
<br />Darcel9/10
<br />Retail
<br />5,000
<br />NA
<br />$28.28
<br />$141,397
<br />Parcel 9
<br />Hotel
<br />66,000
<br />105,851
<br />13.70
<br />904,200
<br />Parcel 10
<br />Hotel
<br />66,000
<br />123,710
<br />13.70
<br />904,200
<br />Totals
<br />137,000
<br />229,561
<br />NA
<br />$1,949,797
<br />Projected Phase II Development
<br />Transpo
<br />nation
<br />Building
<br />Fee per
<br />Parcel
<br />Use
<br />Size [2]
<br />Parcel Size [3]
<br />GSF
<br />Total Fee
<br />Parcel 1
<br />Retail
<br />19,210
<br />64,033
<br />$28.28
<br />$543,246
<br />Parcel2
<br />Retail
<br />12,153
<br />40,511
<br />28.28
<br />343,689
<br />Parcel 3
<br />Retail
<br />12,023
<br />40,075
<br />28.28
<br />339,990
<br />Parcel 4
<br />Retail
<br />12,284
<br />40,946
<br />28.28
<br />347,379
<br />Parcel 5
<br />Retail
<br />12,284
<br />40,946
<br />28.28
<br />347,379
<br />Parcel 6b
<br />Retail
<br />12,153
<br />40,511
<br />28.28
<br />343,689
<br />Parcel 7
<br />Retail
<br />25,483
<br />84,942
<br />28.28
<br />720,635
<br />Parcel8
<br />Retail
<br />47,045
<br />156,816
<br />28.28
<br />1,330,402
<br />Parcel 11
<br />Retail
<br />76,840
<br />256,133
<br />28.28
<br />2,172,992
<br />Totals
<br />229,474
<br />764,913
<br />NA
<br />$6,489,403
<br />Total All Phases
<br />366,474
<br />994,474
<br />NA
<br />$8,439,200
<br />There is approximately $1.5 million in right of way (ROW) costs included in the
<br />$8.4 million JDEDZ Transportation Fee allocation. Most of that $1.5 million of ROW
<br />costs is for land in parcels that would be charged the proposed fee. Staff is also
<br />considering a credit against the JDEDZ Transportation Fee to property owners equal to
<br />the value of contributed ROW. Staff will finalize the JDEDZ Transportation Fee proposal
<br />for City Council consideration at an early 2018 City Council meeting. However, as part
<br />of the recommended actions listed in this report, staff is recommending that the City
<br />Council adopt a resolution indicating its intent to adopt this JDEDZ Transportation Fee.
<br />ECONOMIC VITALITY COMMITTEE ACTION
<br />The Economic Vitality Committee (EVC) met on October 5, 2017, to review and provide
<br />a recommendation to the Council for the JDEDZ. Two members of the public spoke on
<br />the project, and all comments were supportive of the project. The Committee focused its
<br />debate on the proposed uses list and ensuring those uses met the intent of the
<br />Economic Development Strategic Plan as outlined in the agenda report (Attachment 5,
<br />Exhibit H). After listening to public testimony and discussing the project, the Committee
<br />unanimously voted to recommend approval of the project to the City Council. Please
<br />see Attachment 6 for more details related to public testimony and EVC discussion.
<br />Page 19 of 22
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