SR 06:142 - Laserfiche WebLink

that have been identified to reduce potentially significant impacts to a less-than-significant level are actually incorporated into the plans. When an agency approves a project and adopts mitigation measures for potentially significant impacts disclosed by an EIR, the agency is required by CEQA to establish a monitoring program to ensure that the mitigation measures are adequately implemented. City staff and consultants have prepared a draft mitigation monitoring and reporting plan (MMRP), (Exhibit G) that addresses the specific environmental topic areas discussed in the EIR for the Bernal Project. The MMRP identifies the: . mitigation measures intended to reduce potentially significant impacts to a less-than-significant level; . party responsible for implementing the mitigation measure; . timing of implementation; and . monitoring agency and action required. Staff and the Planning Commission recommend that the Council approve the MMRP. CONCLUSION A substantial amount of community effort has gone into the evolution of the Phase II Specific Plan and the Community Park Master Plan over the past five years by way of the Bernal Task Forces, City Council and commissions, community groups and individuals, staff and consultants. This effort further benefited from the Bernal National Design Competition. Support for the current draft plans has been expressed by various City commissions; staff; local sports, cultural arts, and open space preservation advocates; as well as numerous other organizations and individuals. Staff is therefore recommending that the Council adopt the appropriate resolutions approving the relevant planning documents. FISCAL IMPACT Following adoption of the Bernal Property Phase II Specific Plan (the "project"), staff will present to the City Council a long-term financing plan for the funding of the project. The financing plan will include funding for both capital costs and on-going operation and maintenance costs related to the project to develop the total financing needs. Due to the significant acreage involved and the range of recreational facilities anticipated, development and funding of the project will need to occur over time and in multiple phases. The financing plan will take these issues into consideration based on staff's estimates and assumptions regarding the cost and timing of the project. The financing plan will look at both "pay as you go" (i.e., pay cash for the project) and "pay as you use" (i.e., issue debt for the project) financing and take into consideration existing resources from revenues, reserves and transfers from operating funds to SR 06:142 Page 12