REPORT TO COUNCIL
SUBJECT
Title
Action on the Adoption of Ordinance No. 2026 Adding Section 17.15.350 to Chapter 15 of Title 17 of the Santa Clara City Code Regarding the Tasman East Specific Plan Infrastructure Fee (Deferred from December 16, 2020)
Report
COUNCIL PILLAR
Promote and Enhance Economic, Housing and Transportation Development
BACKGROUND
At the November 17, 2020 Council meeting, proposed Ordinance No. 2026 was introduced for publication. Pursuant to City Charter Sections 808 and 812, a summary of proposed Ordinance No. 2026 was published to the Santa Clara Weekly on December 9, 2020 and December 30, 2020, and copies were posted in three public places. The Ordinance now comes to Council for final adoption.
DISCUSSION
Proposed Ordinance No. 2026 would amend the City Code to add section 17.15.350 regarding a Tasman East Specific Plan Infrastructure Impact Fee. On November 13, 2018, the City Council adopted the Tasman East Specific Plan to guide the transition of an underutilized 45-acre industrial neighborhood east of the Great America Transit Center into a pedestrian-friendly, transit-oriented development, providing for the addition of 4,500 new residential units, 100,000 square feet of retail, and 10 acres of open space near transit and jobs. In coordination with developers within the Specific Plan area, the City is establishing an Infrastructure Impact Fee for the Specific Plan area to create an equitable distribution of area-wide and common public infrastructure costs for all residential developments within the Specific Plan and to finance capital facility and infrastructure costs to serve these developments.
The proposed impact fee is based upon the recommendations contained within the "Tasman East Specific Plan Infrastructure Impact Fee Nexus Study," dated September 2020, prepared by Economic & Planning Systems, Inc. The Nexus Study recommends a new impact fee of $6,731 per new residential unit within the Specific Plan area to finance $30,289,8...
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