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Please refer to the link above for a summary of the Annual Net Fiscal Impact Analysis. <br />In addition to the revenue shown (which focuses on City revenues and expenditures), <br />property taxes generated from the JDEDZ would provide approximately $277,440 in <br />annual revenue to the Pleasanton Unified School District (PUSD) and approximately <br />$30,440 in annual revenue to other schools. The JDEDZ would also generate one-time <br />supplemental taxes of approximately $42,725 to PUSD and $4,690 to other schools. <br />BACKGROUND <br />Following is a brief summary of the JDEDZ formulation and review process to -date: <br />▪ 2013 — Clorox vacates campus along Johnson Drive <br />▪ April 2014 — City initiates JDEDZ <br />▪ May 2014 to March 2016 — CEQA and Public Process <br />o DSEIR released and public comment period <br />o Neighborhood and community workshops <br />o City releases FSEIR <br />▪ April 2016 — Joint City Council/Planning Commission Work Session <br />• July 2016 through November 2016 — Initiative Process <br />o City Council directs staff to stop work on the JDEDZ pending results of Voter <br />Initiative to limit the size of buildings within the JDEDZ to 50,000 square feet or <br />less <br />o Initiative defeated by 63 percent of the voters <br />▪ January 2017 to September 18, 2017 <br />o City staff re-engages work on JDEDZ project activities <br />m City Council policy discussion introduction and direction on the required <br />transportation mitigation improvements phasing and financing options <br />• September 19, 2017 through December 2017 — Public Review and Approval <br />o Economic Vitality Committee <br />o Planning Commission <br />o City Council <br />The JDEDZ and associated documentation is now before the City Council for <br />consideration. <br />PROJECT AREA DESCRIPTION <br />The JDEDZ area consists of 12 parcels located at 7106-7315 Johnson Drive and <br />7035 and 7080 Commerce Circle, comprising approximately 40 acres and currently <br />containing a mixture of land uses, including some office, retail, and institutional uses <br />(Figure 1). However, the predominant uses for the past several decades have been light <br />industrial uses, and the economic potential of the area has not been realized due to <br />aging infrastructure and restrictive zoning. <br />Page 3 of 22 <br />