20 - Laserfiche WebLink

FINANCIAL STATEMENT The applicants will participate in the Vineyard Avenue Corridor Specific Plan Financing Plan (VACSP) and pay their fair share costs of the general public improvements required to fund the VACSP infrastructure and offsite mitigations. Increases in property taxes would be used to provide services, such as police, fire, etc., for the increased demand generated by the two additional homes. BACKGROUND The proposed project is within the 384-acre Vineyard Avenue Corridor Specific Plan area which is intended to facilitate a smooth transition between the urban edge of Pleasanton to the west and the Ruby Hill development to the southeast. The Specific Plan entitles the subject to three low-density residences and contains one open space area located in the southwest corner. The subject parcel is located in the northeastern portion of Subarea 1, located west of the Apperson Ridge development. Subarea 1 contains 78 acres (20 percent of the plan area) and consists of residential lots in varying stages of development ranging in size from 0.9 acres to 20 acres. The subject parcel is predominantly flat with varying gentle to moderately slopes of 2-10 percent. The architecture of the new homes is designed to recall the traditional, rural character of the area. Surrounding Area New and existing residential developments Table 1 and shown in Figure 1, below. surrounding the property are described in Table 1: Surrounding Uses Direction Develo ment North McCurdy/Arola property consisting of one newly constructed single family home Apperson Ridge development consisting of one existing single family home and nine East new homes to be constructed South Dominisse Property consisting of one existing single family home Pleasanton Garbage Service Property consisting of one existing single family home and West desi Hated as a communit park Page 2 of 6