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SR 06:152 (3)
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SR 06:152 (3)
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Last modified
9/14/2006 3:56:14 PM
Creation date
9/14/2006 3:55:11 PM
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CITY CLERK
CITY CLERK - TYPE
STAFF REPORTS
DOCUMENT DATE
9/19/2006
DESTRUCT DATE
15 Y
DOCUMENT NO
SR 06:152
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<br />ALLOCATION OF COSTS <br /> <br />The basic principles in the Specific Plan are as follows: <br />· each planned new housing unit shall share equally with all others in the <br />construction ofthe shared infrastructure; <br />· each existing housing unit shall share equally with new units for the new <br />infrastructure it uses; and <br />· non-residential uses shall share equally with the residential units based on the <br />intensity of their use of the infrastructure. <br />These principles will be implemented over time by adhering to the provisions of this <br />Financing Program. <br /> <br />Financing Program #4. Each Lot is allocated its pro rata share of the total shared <br />infrastructure improvements based on the asswned development both within and outside <br />of the Specific Plan Area which contribute to the need for the shared infrastructure <br />improvements. <br /> <br />(a) Lot shares for each Lot in the Specific Plan Area are shown in Table 2. <br />The total shares shown in Table 2 for each Lot are fixed; no modification <br />to Table 2 or any Lot's pro rata share will be made notwithstanding <br />whether: <br /> <br />(i) the Lot is actually developed with fewer final lots than assumed in <br />the Specific Plan; or <br />(ii) the Lot is developed with another use allowed in the Specific Plan <br />which may have different infrastructure impacts (e.g.. church, day <br />care center, etc.). <br /> <br />(b) Out-of-area contributors are projects which have been determined. or may <br />be in the future, to contribute to the need for, and benefit from, the shared <br />infrastructure improvements. Shares attributed to out-of-area contributors <br />are shown in Table 2. <br /> <br />(i) Ruby Hill: assigned a total share of road costs equal to 40% of the <br />Specific Plan Area roadway costs. (Ruby Hill has constructed <br />road, water line, and sewer shared infrastructure improvements for <br />which it will receive a credit toward its total obligation. Payment <br />of its remaining obligation will be in accordance with a subsequent <br />agreement to be reached between Signature Properties and the <br />City.) Ruby Hill is not assigned EDUs ~ se; the total roadway <br />cost to Plan Area properties has been reduced by the amount of <br />Ruby Hill's contribution. <br /> <br />4 <br />
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