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Q. FISCAL IMPACTS <br /> Q-1 . Potentially Significant Impact : General Fund <br /> [ Impact 4 . 9-11 <br /> The Project may require more in General Fund-financed <br /> service expenditures than will be generated in General <br /> Fund revenues . The imbalance of expenditures over <br /> revenues could occur if non-residential land uses develop <br /> more slowly than anticipated by the Applicant . <br /> Finding : Changes or alterations have been required in, <br /> or incorporated into, the Project which avoid or <br /> substantially lessen the significant environmental effect <br /> as identified in the FEIR to a non-significant level . <br /> These mitigation measures are listed below. <br /> Statement of Fact : The impact will be mitigated by the <br /> following : <br /> • The County will monitor demand for new services and <br /> revenue generation during build-out of the Project to <br /> assure that expenditures are offset by new revenues . <br /> As the basis of this monitoring activity, the net <br /> fiscal benefit of the Project to the County must be <br /> estimated annually through, and after, build-out . <br /> Depending upon the results of the monitoring, <br /> adjustments can be made in service delivery, fees and <br /> charges, and/or use of other financing mechanisms . <br /> Such adjustments will be adequate to offset costs as <br /> necessary and will be a mandatory condition of <br /> development approval . For example, if even half of <br /> the projected police patrol expenditures were <br /> financed using a special tax, the projected operating <br /> deficit would disappear . <br /> • Because of the uncertainty regarding market <br /> acceptance of the Project, and therefore of its <br /> build-out schedule, the County must require that <br /> alternative financing/management entities be in place <br /> as early as possible to ensure that the Project does <br /> not siphon General Fund revenues that are needed for <br /> other programs . Potential entities include a <br /> Mello-Roos Community Facilities District , which could <br /> also be used to fund capital improvements, or a <br /> Community Services District as proposed by the <br /> Project Applicant . Specific entities must be chosen <br /> at the Specific Plan stage of Project approval . <br /> • Property tax revenue, along with other revenue <br /> sources available to the County for general purposes , <br /> C2-46 <br /> 0189r/0202r <br />