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Item 6b Review of Infrastructure Plan for Vineyard Corridor and Joint CiW./Pleasanton Unified School District Financing Plan for Vineyard Avenue Infrastructure Improvements. (IR 02:025) Ms. McKeehan presented the staff report. Mayor Pico asked if there would be a special meeting to ratify the final agreement. Ms. McKeehan said staffis working on that because one is needed for other Vineyard Corridor related matters. It may even be necessary to have two special meetings before the next regular meeting on August 20. Mr. Campbell asked if the developers are aware of all that is happening. Ms. McKeehan said they were and noted that in the development agreements they agreed to pay their pro rata share as identified in the March 2000 Specific Plan. Ms. Ayala noted that Centex and Greenbriar have already gone through the Planning Commission process. She noted in the staff report, there was a comment that the City does not have an agreement with Signature Properties as to their total obligation for the roadway. She believed there was an agreement contained in the Specific Plan and Financing Plan. Jerry Thorne, 5144 Hummingbird Road, related comments he has been heating from residents who were concerned about whether a school is needed in the Vineyard Corridor. If it is in fact needed, people felt there would be a delay in construction. People are also concerned that the zoning designation for the property could be changed. He asked if Council wanted to consider voter protection for the zoning on that property so that the voters would have to agree before anything other than a school could be built on that property. Steve Brozosky, 1700 Vineyard Avenue, indicated he was pleased the School Board decided to go along with the original plan. He was disappointed it took so long to get to this point. He felt a financing plan should have been finalized by now. It was agreed upon at the March joint meeting. There is now less than a month to get this done. He asked staff if it were possible for the City to proceed with grading the road without the finance plan. Ms. McKeehan said it is possible, but she would not recommend it. The city cannot get the tight of way from the property owners without agreeing to build the full road. She wanted to be certain there was a partner to finance the roadway before proceeding. She also noted that the City has guaranteed payment to the School District in the event it does not receive the impact fees from the developers. That would help the District pay for its bonded indebtedness. There are many needs and wants from the community for capital projects and this one was not even on the list. Pleasanton City Council 15 07/16/02 Minutes