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on building square footage that would be allowed under JDEDZ zoning). This methodology
<br /> results in a $28.28 per building square foot fee for retail uses and a $13.70 per building square
<br /> foot fee for hotels. Figure 4 shows how that methodology would result in potential fees by
<br /> parcel within the project area.
<br /> Figure 4: Table of Potential JDEDZ Fees by Parcel
<br /> JDEDZ Transportation Fee by Parcel
<br /> Projected Phase I Development(excluding Costco)
<br /> Transpo
<br /> rtation
<br /> Building Fee per
<br /> Parcel Use Size [1] Parcel Size [3] GSF Total Fee
<br /> 'arcel9/10 Retail 5,000 NA $28.28 $141,397
<br /> Parcel 9 Hotel 66,000 105,851 13.70 904,200
<br /> Parcel 10 Hotel 66,000 123,710 13.70 904,200
<br /> Totals 137,000 229,561 NA $1,949,797
<br /> Projected Phase II Development
<br /> Transpo
<br /> rtation
<br /> Building Fee per
<br /> Parcel Use Size [2] Parcel Size [3] GSF Total Fee
<br /> Parcel 1 Retail 19,210 64,033 $28.28 $543,246
<br /> Parcel2 Retail 12,153 40,511 28.28 343,689
<br /> Parcel 3 Retail 12,023 40,075 28.28 339,990
<br /> Parcel 4 Retail 12,284 40,946 28.28 347,379
<br /> Parcel 5 Retail 12,284 40,946 28.28 347,379
<br /> Parcel 6b Retail 12,153 40,511 28.28 343,689
<br /> Parcel 7 Retail 25,483 84,942 28.28 720,635
<br /> Parcel 8 Retail 47,045 156,816 28.28 1,330,402
<br /> Parcel 11 Retail 76,840 256,133 28.28 2,172,992
<br /> Totals 229,474 764,913 NA $6,489,403
<br /> Total All Phases 366,474 994,474 NA $8,439,200
<br /> FISCAL IMPACT
<br /> ALH Economics, an urban and regional economic consulting firm under contract to the City,
<br /> prepared a fiscal impact analysis (Exhibit D.1.) of the JDEDZ based upon the methodology and
<br /> assumptions included in a fiscal impact study prepared for the JDEDZ in February 2015.
<br /> The February 2015 study was updated to take into account the City's Fiscal Year 2015/16
<br /> budget, as well as operating characteristics specific to the JDEDZ, such as likely taxable sales
<br /> and sales that could be diverted from existing businesses in the market area.
<br /> The fiscal impact analysis results indicate on a worst-case basis, assuming all diverted sales
<br /> (i.e., sales accruing to the club retail use as opposed to existing retailers in the area) are
<br /> diverted from Pleasanton retailers (as opposed to retailers outside of Pleasanton), the JDEDZ
<br /> is anticipated to generate a projected $1.4 to $1.7 million annual contribution to the City's
<br /> General Fund at the completion of the first phase (which includes the club retail and hotel
<br /> uses). This net revenue estimate increases to $2.1 to $2.3 million annually upon full buildout of
<br /> the JDEDZ. At full buildout these net fiscal revenues represent an annual contribution
<br /> equivalent to approximately 2.1 percent to 2.3 percent of the City's General Fund
<br /> P14-0852 and PUD-105, JDEDZ Planning Commission
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<br /> Planning Commission
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<br />mprovements require approval by Caltrans and thus are outside the immediate control of the
<br /> City. The graphics below (Figures 2 and 3) are intended to provide an overview of the required
<br /> transportation mitigation improvements resulting from the implementation of the JDEDZ. For
<br /> more detailed information, please refer to Chapter 4.D of the DSEIR (Exhibit D).
<br /> The DSEIR concluded that other impacts from the JDEDZ on aesthetics, air quality, biological
<br /> resources, cultural resources, geology and soils, greenhouse gas emissions, hazards and
<br /> P14-0852 and PUD-105, JDEDZ Planning Commission
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<br />process after receipt of a complete application.
<br /> P14-0852 and PUD-105, JDEDZ Planning Commission
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