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<br />68 <br /> <br /> <br />pL EASANTON., <br /> <br />SUBJECT: <br /> <br />City Council <br />Staff Report <br /> <br />Amended for December 6, 2005 <br />November 15,2005 <br />Planning Department <br />Law Department <br /> <br />AMENDMENT TO THE VINEYARD AVENUE <br />SPECIFIC PLAN SHARED INFRASTRUCTURE <br />PROGRAM <br /> <br />CORRIDOR <br />FINANCING <br /> <br />STAFF RECOMMENDATION: <br /> <br />SUMMARY: <br /> <br />SR:05:340 <br />Page 1 <br /> <br />Adopt a resolution (1) amending Financing Program #7 (a) to allo"W' a <br />property o"W'ner/developer of certain lots "W'ithin the Vineyard Avenue <br />Corridor Specific Plan area to pay, under certain circumstances, Specific <br />Plan fees for just the buildable lots and (b) to clarifY "W'hen Specific Plan <br />fees "W'ill be paid by property o"W'ners "W'ith an existing residence "W'ho <br />subdivide or "W'ith a vacant lot "W'ho "W'ant to obtain a building permit for a <br />single residence; (2) amending Financing Program #8 to clarify "W'hen <br />Specific Plan fees "W'ill be paid by property o"W'ners "W'ith an existing <br />residence "W'ho are not subdividing but "W'ant to connect to the shared <br />infrastructure improvements; and (3) directing staff to prepare a further <br />amendment to the Financing Program to remove the current inequity in the <br />Program by "W'hich the City is last in line to be reimbursed. <br /> <br />Generally under the Vineyard Avenue Corridor Specific Plan Shared <br />Infrastructure Financing Program, Specific Plan fees are to be paid at the <br />time of the first final map for each "Lot" as defined in the Plan, even if the <br />entire Lot is not being subdivided. Certain "Lots" ho"W'ever are designated <br />"Hillside Residential, Lo"W' Density Residential, and Open Space" or <br />"Hillside Residential and Open Space". With respect to the HillsidelLo"W' <br />Density/Open Space Lots, a property o"W'ner may "W'ant to develop the Lo"W' <br />Density Residential portion at a different time than the Hillside Residential <br />portion. As to the Hillside/Open Space Lots, a property o"W'ner may "W'ant to <br />file a parcel map creating fe"W'er than the number of lots allo"W'ed under the <br />Specific Plan. Under the existing Financing Program in either scenario the <br />property o"W'ner must pay all the Specific Plan fees for the proposed number <br />