RES 90078 - Laserfiche WebLink

Honorable Mayor and Members of the Council: BACKGROUND The Stoneridge Drive Specific Plan was adopted by the Council in October, 1989. The Specific Plan specifies that the four major property owners --Alameda County, Chu, Molinaro and Dawes-- will finance major public improvements in the Plan area, including an extention of Stoneridge Drive, improvements to E1 Charro Road, funding of a portion of the E1 Charro Road/I-580 interchange, 26 acres of parkland, and flood control improvements. Specific Plan policy 7b. states that the costs of public improvements be divided among the four major property owners based on the percentage of developable acres each receives. During the hearings on the adoption of the Specific Plan, your Council directed staff to meet with the four property owners to come up with an equitable means of dividing the cost. DISCUSSION Following an engineering study to update improvement costs as specified in the adopted Specific Plan, staff met with representatives of the four major property owners. As a result of that meeting, the attached Stoneridge Cost Distribution tables were developed. The tables assume that each property owner will be responsible for on-site improvement costs (Stoneridge Drive as a four-lane arterial in a six-lane right-of-way, and park improvements, including a linear park between Stoneridge Drive and the Arroyo Mocho). The cost of additional shared improvements are then divided using a formula that accounts for each property owner's percentage of developable land, amount of on-site improvements, and the amount of land dedicated for public improvements. Additional shared improvements include the Stoneridge Drive bridge over the Arroyo Mocho, one-quarter of the E1 Charro/I-580 interchange, one-half of the E1 Charro Road improvements, and moving the confluence of the Arroyo Las Positas and Arroyo Mocho east of E1 Charro Road. It is assumed that normal drainage fees will pay for widening of the Arroyo Mocho, that Dublin (1/2) and Livermore (1/4) will contribute funds for the 1-580 interchange, and that property owners to the east and/or south of E1 Charro Road will contribute funds for E1 Charro Road improvements as they develop. Staff and property owners agreed that shared improvement costs would be paid to the City at the building permit stage for residential development and at the final map stage for commercial and industrial development. (Because the residential portion of the Staples Ranch property will not require construction of additional shared improvements, the County is allowed to defer payment of its shared improvement costs until the second phase of SR:90:136 -2-