(1)AR 121807 Iron Horse Hills - Laserfiche WebLink

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CONCEPTUAL SITE PLAN Because of the logistics, magnitude of the expenditure and considerable lead time prerequisite to planning and developing the Project, the Developer has proposed to enter into a development agreement concerning the Project ("Development Agreement") to provide assurances that the Project can proceed without disruption caused by a change in the City's planning policies and requirements except as provided in the Development Agreement, which assurance will thereby reduce the actual or perceived risk of planning for and proceeding with development of the Project. By entering into this Development Agreement, the City agrees to hold most development fees' constant for five (5) years and not introduce any new exactions from the development. In exchange for entering into 1 of benefits including (but not Improvements, Neighborhood contributions to the city. ie Development Agreement, the City will receive a number limited to) development of Regional Water Infrastructure Park Construction, Circulation improvements, and financial ' Last year the city introduced a regional infrastructure fee that addressed the development mitigation for the SANBAG Measure I program. This fee is expected to increase annually based upon increases in costs to deliver regional transportation projects. The development agreement allows for this increase.