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dedications and fair-share financing; and set requirements for school mitigation and <br /> participation in the San Joaquin County Multi-species Habitat Conservation and Open <br /> Space Plan. It would vest certain provisions/sections of the General Plan, Mountain House <br /> Master Plan, Specific Plan III, and the Mountain House Development Title for the proposed <br /> term of the Development Agreement(i.e., 25 years with up to three possible, five-year <br /> extensions). <br /> The proposed Development Agreement for the Machado Project is similar to the recently <br /> approved Regents Gate Development Agreement in that it includes the Regional Traffic <br /> Impact Fees(RTIF)as one of the vested elements. Therefore, the Machado Project, like the <br /> Regents Gate Project, is subject to the RTIF while Mountain House Projects with <br /> previously approved Development Agreements are not. <br /> REASON FOR RECOMMENDATION: <br /> The project was reviewed for consistency with the General Plan, Mountain House Master <br /> Plan, Specific Plan III, the Mountain House Public Financing Plan, and other community <br /> plans. The project was found to be consistent with these plans. As part of this <br /> consistency review,the following matters were reviewed: 1)housing diversity and <br /> affordability, 2)Public Land Equity Program(PLEP) obligations; 3) school mitigation <br /> agreements; 4)hazardous materials; and 5) large lot Tentative Map conformity. Each of <br /> these is discussed in the staff report. <br /> The Planning Commission considered this item on consent and voted 5-0 to forward it to <br /> the Board of Supervisors with a recommendation of approval. <br /> A legal ad for the public hearing was published in The Record on November 3, 2006. An <br /> additional legal ad was published in The Tracy Press on November 3, 2006. <br /> FISCAL IMPACTS: <br /> There is no General Fund impact as a result of this action. <br /> ACTIONS TO BE TAKEN FOLLOWING APPROVAL: <br /> None. <br /> Sincerely, <br /> KERR�LIVAN <br /> DIRECTOR <br /> KS:CM <br /> Enc.: Two Resolutions, Ordinance, Development Agreement, Board Order, Staff Report <br /> Board Clerk for Agenda November 14, 2006 <br /> 3 <br />