RES 92053 - Laserfiche WebLink

Fiscal Self-Sufficiency - The. Pleasanton Ridgelands is a large area with difficult topography, and the Development Zone is relatively distant from existing infrastructure and services. These factors combine to make initial construction of infrastructure and provision of on-going services, particularly police and fire, relatively costly. Providing infrastructure and services to this area at no cost to existing taxpayers is a key goal of the Plan. An economic feasibility study has shown that the new development allowed in the Development Zone can construct the initial infrasm~cture (broadly defined) necessary to support the new development. A companion fiscal study indicates that relatively full development, coupled with new development's assumption of some maintenance costs normally assumed by the City, is necessary in order to have the new development's revenues exceed the City's costs to provide on-going services. Mechanisms are available, however, to ensure that development in the Ridgelands will not negatively affect existing services. The Pleasanton Ridgelands Plan provides for significant open space lands to become publicly owned at no cost to the public. On-going maintenance of such publicly- owned open space lands, however, would be borne by public agencies, with this cost becoming a new obligation to public agencies holding rifle to these lands. To the extent feasible, the new development in the Ridgelands will also assist in off-setting this cost obligation. Policy P.R. 1S: New development in the Pleasanton Ridgelands shall pay all costs of providing infrastructure (including necessary public facilities such as equipped fire stations, elementary/middle schools, developed neighborhood parks, etc.) to the Ridgelands. New development shall also pay its fair share of major off-site infrastructure needs caused by continued growth in Pleasanton (including freeway improvements, school expansions, new water sources, etc.). Operating and maintenance costs for all City- owned public facilities and infrastructure made necessary by or primarily serving the new development shall be paid for by the new development's contribution toward City revenues. Program P.R.15.1: Mechanisms to ensure both short- and long-term fisczl serf-sufficiency of the Ridgelands' new development shall be adopted in conjunction with approval of a development plan for the Development Zone. Mechanisms may include, but are not limited to, landscape and lighting maintenance districts, Mello-Roos districts, developer exactions, and other such mechanisms. Policy P.R.16: New development permitted in the Pleasanton Ridgelands shall pay its fair share of the cost of maintenance of government- owned Ridgelands open space. Page 8