SR 05:322 - Laserfiche WebLink

Residential but only for the buildable lots created by the map. It would allow a property owner with a Lot designated in part as Hillside Residential to pay the Specific Plan fees when a parcel or final map is approved for that portion designated Hillside Residential but only for the buildable lots until more than half of the buildable lots are created, at which time all the Specific Plan fees would be due. It would require a property owner with an existing structure who subdivides the property to pay the Specific Plan fees for any new buildable lot and a portion of the fees for the existing structure. Finally, it would require a property owner with a vacant lot who did not intend to subdivide but did intend to build (a single family home, for example) to pay the Specific Plan fee for that Lot when the building permit was issued. Honorable Mayor and Members of the City Council: BACKGROUND In March 2000, the City Council approved the "Shared Infrastructure Financing Program" for the Vineyard Avenue Corridor Specific Plan. That Program, in part, provides when Specific Plan fees are to be paid when the property owner elects to pay the fee in lieu of constructing Specific Plan improvements. Financing Program #7 provides that for subdivision of Lots (meaning the 33 "Lots" listed in Table III-I of the Specific Plan) creating new buildable lots, the fees for all such lots shall be paid at the time of the first final map (parcel or final map) approval. Financing Program #8 provides that for Lots with existing homes, the Specific Plan fees are to be paid at the time a building permit that results in the connection to the infrastructure improvements is issued or when the first subdivision of the Lot occurs, whichever is earlier. Finally, Financing Program #4 requires a property owner to pay the Specific Plan fees for all the lots allocated to that Lot, even if the Lot is developed with fewer than the number oflots so allocated. A property owner with a "Lot" designated both Hillside ResidentiallLow Density Residential/Open Space or Hillside Residential/Open Space could seek to subdivide the Lot, even though the property owner has no immediate plans to develop any of the parcels. Similarly, a property owner with a Lot with a HillsidelLow Density Residential/Open Space designation could seek to develop the Low Density Residential portion of the Lot but not the Hillside Residential portion. Under the current Financing Program, the property owner must pay all the Specific Plan fees for all of the lots that could be developed on the "Lot" without regard to when the lots would be developed. This could work a financial hardship on the property owner. SR 05:322 Page 2 ,