Title
Planning and Building Department, Planning Division, recommending the Board:
1) Approve the updated Bass Lake Hills Specific Plan (BLHSP) Public Facilities Financing Plan (PFFP) dated December, 2020 and find it consistent with the BLHSP for implementation of the identified public improvements within the specific plan area;
2) Adopt and authorize the Chair to sign Resolution 218-2021 approving the updated BLHSP PFFP; and
3) Direct staff to bring back to the Board actions to approve the updated BLHSP PFFP Fee and Nexus Study.
FUNDING: Developer Funded.
Body
DISCUSSION / BACKGROUND
The purpose of the BLHSP PFFP was to establish a programmatic strategy for the financing of the necessary backbone infrastructure and other public facilities serving the specific plan. The BLHSP was adopted by the Board of Supervisors November 7, 1995. The BLHSP is a master planned development in the El Dorado Hills area that facilitates the orderly and systematic development of the Plan area and ensures that safe and efficient circulation facilities and major infrastructure improvements in the Plan area are constructed concurrently with new development.
This updated PFFP has been prepared to evaluate the public improvement and impact fee cost burden associated with developing the BLHSP. Like most large developments, the advancement of critical infrastructure and public facilities is delivered with the understanding that reimbursements will be available to assist with project feasibility. The feasibility of a project is evaluated by understanding the burden of infrastructure to specific land uses within. Without establishing a financing plan that provides the initial development entities with fee credits and/or reimbursements or other methods of financing, financial burdens can be cost prohibitive to project development. The BLHSP PFFP outlines the timing and amount of infrastructure required for the project and identifies the respective end-users responsible for funding its...
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