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Mr. Swirl explained that if it is done through the Capital Improvement Program process, the fimds would be enterprise funds such as sewer connection fees or water connection fees. That is assuming a developer does not pay for the infrastructure. It is anticipated that if one or more developers get approval in the area, all of this infrastructure could be built at no cost to the City. The City will build the water tank for the area. Ms. Michelotti referred to the assumption that 39 additional units were necessary to make up the dift~rence. Now the figure is 68 units to get the total infrastructure to the school site. Mr. Swirl said that includes everything, not just to the school site. Mayor Tarver invited public testimony. Doyle Heaton, 2552 Stanwell #203, Concord, indicated his company has obtained several properties on the west side and is working with Mr. Hahner regarding the road alignment. He believes the road alignment to the school has been determined and he is ready to proceed with tentative maps and has started layout designs for the Hahner property. His company is committed to this area and estimates building over sixty units. He urged Cotmcil to adopt the Financing Plan so he can get on with his business. He may lose some of his contracts if further delays are involved. Steve Brozosky, 1700 Vineyard Avenue, believed there were two parts that must be approved in order for the whole financing plan to work. First, the rights of way for the road must be obtained, and second, the school must be approved and built. He is concerned that there is nothing in writing for the dedications as yet. What happens if the financing plan is approved and one property owner decides to charge for the right of way property. How does that affect the financing plan? The second issue involves the school and the reimbursement. He wanted to see the agreements in writing. He also expressed concern about Financing Program #11 and #14 which charges interest at 8% for infrastructure reimbursements. It is ironic that at the same time Measure I is on the ballot to preserve open space, the Vineyard Corridor property owners who want to preserve their open space are being penalized 8% per year to keep it. He felt these programs encourage building irmnediately and it costs him more every year he does not build. Ms. Ayala said if the property is not subdivided, there is no cost. Mr. Brozosky said he may not make that decision until ten years from now. He wants to preserve the open space as long as he can. Some time in the future he may decide it is too much for him to maintain the property and may subdivide at that time. Ms. Michelotti clarified the 8% is only on each property owner's pro rata share. Mr. Brozosky acknowledged that, but he felt the 8% interest really affected the small property owners that want to preserve the open space. He was also concerned about the $4,000 annual administration fee and felt it was the later developers who would bear the Pleasanton City Council 20 03/07/00 Minutes