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Ms. Ayala asked if staff were being rushed to develop the Finance Plan because <br />of the CAPP Initiative. <br /> <br /> Mr. Swift said staff started work on this when it was directed to proceed with the <br />Specific Plan, so the Finance Plan has been in process for a long time. The real key <br />issues are what projects are allowed to proceed with what infrastructure and under what <br />terms and conditions. <br /> <br /> Ms. Ayala asked what happens if this project is approved and the Finance Plan is <br />approved and the CAPP Initiative is adopted. This is only 27 units out of 189 for the <br />entire Specific Plan. If the rest of the units are not approved by the voters, what happens? <br /> <br /> Mr. Swift said if the current application is vested, then these 27 lots could be <br />developed and the infrastructure for these lots would be in place. That does not include <br />the relocated Vineyard Avenue. The city would have a fund of about $300,000 to <br />$400,000 that would be available to do future improvements that would take place after a <br />change of the General Plan, that might put some different land use in the rest of the <br />Vineyard Corridor. If those funds were not allocated to a particular project, then under <br />state law the fees would have to be returned. That is if you never had a General Plan <br />amendment and there were no plans to spend the money for anything. However, there <br />are plenty of opportunities to spend the money, even on existing streets, so it is very <br />unlikely that a use could not be found for the $300,000. <br /> <br /> Mr. Roush indicated there are also reimbursement issues included in the Finance <br />Plan regarding any excess fees. <br /> <br /> Mr. Tarver referred to the conditions for the school and the road and asked if the <br />Vineyard Avenue school was included in the in/~astructure required for this project. <br /> <br /> Mr. Swift said the Specific Plan requirement was that at the time the school is <br />constructed, that the full relocated Vineyard Avenue would be constructed and in place. <br />It did not require that the school be in place before there was development in the <br />Corridor. <br /> <br /> Ms. Michelotti believed the Finance Plan has to be based on the Specific Plan as it <br />is currently approved. She asked if other scenarios would be considered. She did not <br />think 27 units could support advancing the cost of the road. <br /> <br /> Mr. Swift said the Finance Plan that will come to Council will reflect the current <br />Specific Plan. <br /> <br /> Mr. Pico said Condition #33 says there will be no building permits issued until the <br />middle school is completed and the next elementary school is built on the Bernal <br />property. <br /> <br /> 25 09/20/99 <br />Pleasanton City Council <br />Minutes <br /> <br /> <br />