Share to Facebook Share to Twitter Bookmark and Share
File #: 21-0115    Version:
Type: Agenda Item Status: Approved
File created: 1/14/2021 In control: Board of Supervisors
On agenda: 2/23/2021 Final action: 2/23/2021
Title: Department of Transportation, with the concurrence of the Chief Administrative Office, Community Development Finance & Administration Division, recommending the Board authorize the Chair to sign the Credit and Reimbursement Agreement for the construction and acquisition of improvements necessary for the development of the Bell Woods, Bell Ranch and Hawk View residential subdivisions within the Bass Lake Hills Specific Plan Area, funded under the Bass Lake Hills Specific Plan Public Facilities Financing Plan (PFFP), between the County and Lennar Winncrest, LLC., (AGMT 20-54961). (Cont. 2/9/2021, Item 20) FUNDING: Developer Funded and Reimbursed PFFP Funds.
Attachments: 1. A - Partially Executed Credit and Reimbursement Agreement, 2. B - Approved CRS, 3. Executed Agreement 20-54961
Related files: 21-0024
Title
Department of Transportation, with the concurrence of the Chief Administrative Office, Community Development Finance & Administration Division, recommending the Board authorize the Chair to sign the Credit and Reimbursement Agreement for the construction and acquisition of improvements necessary for the development of the Bell Woods, Bell Ranch and Hawk View residential subdivisions within the Bass Lake Hills Specific Plan Area, funded under the Bass Lake Hills Specific Plan Public Facilities Financing Plan (PFFP), between the County and Lennar Winncrest, LLC., (AGMT 20-54961). (Cont. 2/9/2021, Item 20)

FUNDING: Developer Funded and Reimbursed PFFP Funds.
Body
DISCUSSION / BACKGROUND
The Bass Lake Hills 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 identifying funding mechanisms to pay for a specific list of large backbone infrastructure 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 the backbone infrastructure and public facilities necessary for the overall Plan Area, and 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 County's role in the PFFP is simply as the program administrator; we do not have any fiscal interest in the PFFP.

The Bass Lake Hills Specific Plan Public Facilities Financing Plan was created in 2004, and was used by prior developments for improvements including the construction of Hollow Oak Drive, water, sewer and other facilities. All prior facilities and acquisitions have been fully reimbursed, and the PFFP has ...

Click here for full text