ORD 2178 - Laserfiche WebLink

Ordinance No. 2178 Page 4 of 8 EXHIBIT A FINDINGS Purpose of JDEDZ Transportation Fee The City has identified the approximately forty acres comprised of the twelve parcels located at 7106-7315 Johnson Drive and 7035 and 7080 Commerce Circle in Pleasanton, California as the Johnson Drive Economic Development Zone (the "JDEDZ"). The JDEDZ contains a mixture of land uses, with the predominant land use being light industrial. Over the years, the JDEDZ has suffered from a lack of investment, underutilized properties and aging infrastructure. The City, through a variety of techniques, intends to transform the JDEDZ into a thriving commercial corridor with new land-uses and services to generate new tax revenues to help support City services and programs, and allow property owners to enjoy additional uses for their property. To implement the JDEDZ, the City Council approved: (1) a Supplemental Environmental Impact Report ("SEIR"); (2) a General Plan Amendment to change the land use designation of the JDEDZ site from Business Park (Industrial/Commercial and Office) and General and Limited Industrial to Retail/Highway/ Service Commercial; Business and Professional Offices; and (3) a Planned Unit Development Rezoning to rezone the JDEDZ site from Planned Unit Development-General and Light Industrial (PUD-G&LI) District, Planned Unit Development Industrial/Commercial-Office (PUD I/C 0) District, and General Industrial (I-G-40,000) District to PUD-C District. To implement the City's goals for the JDEDZ and as a necessary first step in encouraging new businesses to locate in the JDEDZ, various public roadway improvements need to be completed along Johnson Drive and Commerce Drive and Stoneridge Drive. The proposed street improvements are described in more detail in the SEIR for the JDEDZ. ("JDEDZ Street Improvements"). The purpose of the JDEDZ Transportation Fee is to: (1) help mitigate the impact new development in the JDEDZ will have on the City's transportation system; and (2) adopt a fair and equitable method of funding some of the JDEDZ Street Improvements. Use of the JDEDZ Transportation Fee The JDEDZ Transportation Fee will be used to help finance the construction of some of the JDEDZ Street Improvements, including the following: • Commerce Drive at Johnson Drive Signal (Mitigation 4.D-1a) • Johnson Drive at Owens Drive (North) Signal (Mitigation 4.D-1b) • Johnson Drive at Stoneridge Drive Intersection - left turn (Mitigation 4.D-1c) • Stoneridge Drive and 1-680 On-ramp widening - Caltrans ROW (Mitigation 4.D- 1d) • Johnson Drive widening (Mitigation 4.D-3) Reasonable Relationship between the Use of the JDEDZ Transportation Fee and the Type of Development in the JDEDZ New development in the JDEDZ will contribute an additional burden to the City's transportation infrastructure. Fee revenues that are collected from this new development will be spent to directly offset this burden by improving the existing transportation infrastructure as well as constructing new infrastructure to accommodate the projected growth.