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Department of Transportation and the Chief Administrative Office, Community Development Finance & Administration Division, recommending the Board authorize the Chair to sign the Credit and Reimbursement Agreement between the County and Toll West Coast LLC, Agmt 22-55033, for the construction of improvements necessary for the development of the Bass Lake North residential subdivision within the Bass Lake Hills Specific Plan Area, funded under the Bass Lake Hills Specific Plan Public Facilities Financing Plan.
FUNDING: Developer Funded, Bass Lake Hills Specific Plan Public Facilities Financing Plan.
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DISCUSSION / BACKGROUND
The Bass Lake Hills Specific Plan (Specific Plan) was approved in 1996 to facilitate the orderly and systematic development of the Plan area through the establishment of a comprehensive and coordinated planning program. An integral element of the Specific Plan is a Public Facilities Financing Plan (PFFP), approved in 2004 and updated in 2021, identifying funding mechanisms to pay for a specific list of large backbone infrastructure projects and other public facilities required to serve the proposed land uses. This PFFP includes a fee program under which developers can construct or acquire specific identified elements of included facilities necessary for the overall Plan Area, which can be reimbursed by future development. This program applies a PFFP Fee to each building permit within the Specific Plan area and reimburses developers for prior improvements or acquisitions.
The Bass Lake North Project, TM 14-1522 (Project), was conditioned to construct and acquire certain public facilities identified within the PFFP. These include the construction of a bike path along Bass Lake Road from US 50 to Hollow Oak Drive, and the first phase of construction on a Park & Ride lot near the intersection of Bass Lake Road and Country Club Drive. As these improvements fall within the eligible elements of the PFFP, Toll West Coast LLC (Developer) i...
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