Parklands Development Agreement

SUBJECT SITE

• Approved Specific Plan, Annexation, General Plan Amendments & EIR

• Approved Affordable Housing as part of DA 173 Market Rate Apartments for 25 years

Condo map affordable requirement

32 Moderate Income & 12 Very Low Income

August 4, 2009 Council Actions

City • $3 million developer

contribution• Developer funded

Montalvo Annexation application and public outreach

• Barranca Pedestrian Bridge

DA Benefit Comparison

Developer • 25 Year Term• Locked Fee Rate w/cost

index adjustments• Deferred payment of

contribution & fees w w/security

DA Proposal• Barranca & Linear Park

50/50 MAD & General Fund

Park MaintenanceCurrent Policy • Linear Park 50/50

under MAD & General Fund

• Project Parks 100% MAD

Council Direction • Cost Sharing of 3 Project Parks requires est.

annual spending of approx. $30k

Neighborhood Park 1, Central Park & Rec. Field

Recommended Action Direct staff to return with an alternative Draft

Development Agreement as discussed in the report with the modified deal points

AND

Provide staff with specific direction as related to:

Park Maintenance for Recreation Field, Neighborhood Park 1, Central Park in addition to the Linear Park and Brown Barranca parcels being split 50/50 between Maintenance Assessment District and General Fund.

City Council appropriates City’s General Fund spending for ongoing maintenance of the three additional parks.

Parklands Specific Plan 499 dwelling units

Single Family Residential 216

Attached Residential Units 113

Courtyard Housing Units 173

Retail or General Commercial 25,000 Square Feet

Community Building (Private) 6,500 Square Feet

Green Space, Open Space, Parks

11.62 Acres (Approximate)*

* There are approximately 5.84 acres of active recreation, 1.82 acres of passive recreation, and 3.96 acres of sensitive

habitat preserve.

Park Typology