PC 07/23/1990 - Laserfiche WebLink

a l r e ad y s a t up s o t h a t Well s F a r g o wo u l d b e c omm fi t t e d t o p a y i n g t h e i r f a i r sti ar e o f w h a t e v e r t hat i m p r o v e men t i s. w h et h e r i t b e the i nterchange at Las F•osi tas or at Stoneri dg e. It was hi s bel i of that at some t i me i f the traf f i c si ta_aat i on becomes a p r ob l a m ., t he r e w ou l d b e s om e t y p e o f p r o p o s a l b y t h e C i t y a s t o wh a t a v er yo n e s h ou l d p a y t o m i t i g a t e t h e m a t t er _ We l i s F a r g o h a s agree d t o b e sub 3 ec t t o t hat . Commi ssi one r M i c h e l o t t i f e l t t h a t w i t h t h e d ev e l op me n t ag r e amen t i n p lac a t h e C i t y i s ob 1 i g a t ed t o a l l o w We l l s F ar q o t o d eve 1 op w h a t t h e y h a ve a s k ed f o r_ Sh a wa s u n c om f or t a b l e w i t h t h e p o s s i b i l i t y t h a t t h e C i t y m i g h t n o t b e a b 1 a t o up h o l d t h e i r standard s f or t r a f f i c ., or b e a l l o w ed t o p r e van t t h e d ev e l o p e r fro m b e g i n n i n g t h e n es: t p has a o f B e v e l op men t_ Sh a wa s a l so u n e a s y t h a t a p r e c ed en t m i g h t b e s e t a l l ow i n g o t h er f u t ur e B e v e l op er a t o d o t h e s a me t h i n g. Commi ssi one r H or an s a i d t h a t i f We l l s F a r g o' s " f a i r s h ar e" mean s wh a t h e t hough t i t c o u l d m can ~ h e wou l d 1 i F~ a t o see written d own i n the Bevel opment agreement what thei r fai r share woa..al d be as h e wool d n o t l i k e t h em t o b e 1 i ab l e f or a a r o p er c e n t_ Mr _ C on r o e s a i d Well s F a r g o h a s g o n e t h r o ug h a n a r d u ous p r o c e s s to try and determine what i s f ai r i n regard to f uta_are traf f i c s i t a_aa L i o n s a n d h i v e t r i ed t o I n c or p or a t e t h a t i n t o t h e B e v e l op man t agreement . B r u c e G i l m or e, a t t or n ey f or W ell s F a r g o~~ a t t amp t a d t o a >: p l a i n t o C omm i s s i on er Hor a n wh a t t h e t er m " fai r s h a r e" c on s t i t u t ad . Ha did not thin4x it would be equitable if Wells Fargo woa_ald be a s s es s ed b e y on d w h a t a r e a l on a b l e p o r n on sh o u l d b e. C om m i s s i o n er Horan a s k e d Mr _ fai 1 m or a i f a t some p o i n t i n t i m e t h e t r a f f i c 1 e ve 1 h i t 9_ 2, wo u 1 d We l i s F ar g o b e w i l l i n g t o b r i n g i t b a c F: t o 9_ Mr _ C on r oe i n .~ a c t ed t h a t t h e a s s es sm en t d i s t r i c t wou l d d o t hat . Mr _ G i l mo r e p o i n t ed ot_at t o Commi ssi on er Horan t h a t Well s F a r g o i s under ob l i g a t i o n t o f u n d a d d i t i o n a l m i t i g a t i on s .. H e r e f e r r ed t o t h e d o c u m en t en t i t l ed " Dev e l o p m e n t Agreement '• a n d s a i d t h a t wo r r i n g w a s i n c l u d ~d i n Ar t i d e 3 i n L i m i t at i or-~ s on Obligation t o F u n d A d d i t i o n a l M i t i g a t i on s ., a n d a l s o i n A r t i c l e ~_ .=, - Imposition of Additional Mitigations. C omm i s s i one r M i c h e l o t t i I n d i c at ed s h e f e l t t h a t t h e Commi ssi on wa s b e i n g asked t o r e l a:: t h e i r s t an d ar d s_ S h e sa i d s h e parson a l l y h a s wo r Ec ed h ar d t o c r e a t e g o od t r a f f i c s t a n d a r d s a n d n o w f e l t s h e wa s b e i n g a s k ~d t o g o a gains t s om e t h i n cq sh e believed was r~ecessary_ MINUTE S PL ANN I NCB GOMM I SS I ON May 23 , 1 99r~ Pa g e 4