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Mary Roberts, 1666 Vineyard Avenue, asked if this plan insures the infrastructure; does it encourage development and discourage nondevelopment of small parcels: is it the best we can do; and has this been hurried unnecessarily7 She felt only Pan 1 is assured. Concerns were expressed about the 8% in effect for years. With more time. a better financing plan could be developed and more information will be available in a couple of months. She felt this had been hurried because of the CAPP Initiative and supported waiting a while and having a workshop. Ms. Ayala did not believe there was a way to proceed with a tentative map for the western portion according to the Specific Plan. She agreed this financing plan had been hurried and felt there should be a workshop and time to resolve some outstanding issues such as the school. Mayor Tarver indicated he had not supported the Specific Plan. The infrastructure that needs to be built to allow growth is a problem. This is a perfect example of how we go to extremes to say money will be advanced to get infrastructure and construction will be phased. Mr. Brozosky is fight, the street will be tom up many times. unless you get all developers to develop a master plan and infrastructure is built all at one time. The reason he doesn't like this is that there was a target of 150 units in the Vineyard Corridor and we ended up with 189 units based on an economic analysis. The analysis said the residual land value was $90,000 per acre and it was just stated that the property. has doubled in value to $180,000. That refutes the economic analysis and he felt 150 units could be built and the residual land value would be well over $90,000. Now there is discussion about phasing the infrastructure to make it easier to develop the area. No wonder people are upset. He said a school is needed; a road is needed at the same time; and we need to figure how to do that. He absolutely would not support any finance plan or the Specific Plan and would like to revisit the Specific Plan to allow amendments. Ms. Michelotti said a Specific Plan was approved, even though it was a compromise. It is now necessary to approve a financing plan. What is driving the need for the infrastructure is to have it in place when the school is ready to be built. In the meantime, the westem portion of the Vineyard Corridor is ready to proceed and has infrastructure in place. Council should find a way to proceed with the financing plan. It has held up people who have gone through a process and are now being held up again until the financing plan is approved. Mr. Pico still supported the Vineyard Corridor Specific Plan and was confident the relationship with the School Board would improve and issues regarding the school and infrastructure could be resolved. This financing plan is very complex and he needed time to examine the information in the latest memorandum. There has been a request for a workshop to further examine the issues and understand the details. He supported that. Pleasanton City Council 14 11/09/99 Minutes