Laserfiche WebLink
Mr. Wilson stated that typically, a developer would be installing the extensions of <br />the sewer and water line to its project. If there are cost overruns, the developer will be <br />required to pay the additional costs based on its own estimate. Those costs will probably <br />be passed through to whoever purchases the houses. <br /> <br /> Mayor Pico pointed out that ifa developer is putting in infi'astmcture that benefits <br />other properties, some of the costs of the project might be reimbursed by others. He <br />asked staffto amplify. <br /> <br /> Mr. Wilson said that if the developer is required to install a larger sewer and water <br />line to its development that will also provide capacity for future developments, the City <br />would typically require a reimbursement agreement, which would provide that the <br />developer be paid back a portion of these costs above and beyond what it had to <br />contribute for its own project. <br /> <br />Mr. Barlow asked if this applied to the North Sycamore Specific Plan? <br /> <br /> Mr. Wilson stated it was tree to some extent. He pointed out that there is some <br />question as to the size of the facility that was installed on Sycamore Road, and whether <br />there was a reimbursement agreement. Typically, it is dependent on each utility, as some <br />utilities may only be required for the size of the project, and, therefore, a reimbursement <br />agreement would not be required. Other utilities may be larger because of the need to <br />anticipate future developments. <br /> <br /> Mr. Grubstick mentioned that staffreviewed the North Sycamore Specific Plan <br />and improvement costs, and noted there were significant increases to those costs from the <br />original estimates. Because these costs were going to be shared by others, the City <br />reviewed extensively what the final costs would be for that infrastructure. All the <br />additional costs that occurred due to poor soil conditions or whatever was encountered <br />that was not expected were included and will be shared by everyone that is required to <br />share in the costs. <br /> <br /> Mayor Pico believed staffneeded to clarify whether those required to share in the <br />costs were involved in the review of the costs or the overruns, and have they been <br />allowed any input? <br /> <br /> Mr. CJrubstick mentioned that the other funding developers were offered the <br />opportunity to review the books. He indicated that New Cities did meet with staffonce, <br />and all of the information necessary was provided to them. He did not know if New <br />Cities followed through with a complete review. He noted that New Cities was the only <br />developer who had taken this opportunity. <br /> <br /> When there are cost overruns where there is cost sharing, Mayor Pico asked if it <br />would be normal policy to provide the information to those involved, and asked if they <br />would have the ability to challenge it? <br /> <br />Pleasanton City Council 18 02/03/04 <br />Minutes <br /> <br /> <br />