SU0013380 - Laserfiche WebLink

Home Browse Search

7.1 MITIGATION MONITORING PROGRAM Financial Impacts Table 7.1 - continued Timing or Person/ Frequency Monitoring Agency of Impact Mitigation Measure Requirements Responsible' Monitoring= ■ FISCAL IMPACTS 4.9-1 The proposed project may require 4.9-1(a) The County should monitor demand for new services and Review during SJCCDD O more in General Fund-financed revenue generation during buildout of the New Town to buildout. service expenditures than assure that expenditures are offset by new revenues. As the generated in General Fund basis of this monitoring activity, the net fiscal benefit of the revenues. The imbalance of' project to the County should be estimated annually through, expenditures over revenues could and after, buildout. Depending upon the results of the occur if non-residential land uses monitoring, adjustments can be made in service delivery, fees develop more slowly than and charges, and/or use of other financing mechanisms. anticipated by the applicant. Such adjustments should be adequate to offset costs as necessary and should be a mandatory condition of development aroval. 4.9-1(b) Because of the uncertainty regarding market acceptance of Review at SP stage. SJCCDD SP the proposed project, and therefore of its buildout schedule, the County should require that alternative financing/ management entities he in place as early as possible to ensure that the project does not siphon General Fund revenues that are needed for other programs. Potential entities include a Mello-Roos Community Facilities District. which could also be used to fund capital improvements, or a Community Services District as proposed by the project applicant. Specific entities should be chosen at the Specific Plan stage of-project approval. 4.9-1(c) Property tax revenue, along with other revenue sources Review at SJCCDD Once after available to the County for general purposes, would operational stages. five to only be used to support existing countywide services. seven years Urban services and higher levels of County services, as of required to be provided to the proposed project by the operations. County General Plan or other mitigation measures Included in this DEIR, would be funded through project- specific special taxes and/or assessments levied by local special districts. Reallocation of the County's property tax base Is limited by State statutes regulating property tax allocation (e.g., Revenue and Taxation Code, section 99). These statutes provide that a reallocation of property tax occurs only insofar as services funded by County property taxes are transferred to Mountain House special districts.