REPORT TO THE CITY COUNCIL
April 6, 2017
FROM: BRUCE RUDD
City Manager
SUBJECT
Title
***RESOLUTION - Amending the Economic Expansion Act
Body
RECOMMENDATION
The Administration recommends that Council adopt a Resolution Amending the Economic Expansion Act
EXECUTIVE SUMMARY
Mayor Lee Brand is proposing to amend his Economic Expansion Act, originally passed by the Council on March 17, 2016, to encourage infill development by offering a reduced water capacity fee for new residential housing in Infill Opportunity Zones and allowing developers to apply for reimbursement of offsite improvements on qualified mixed-use projects between Shaw and Herndon.
BACKGROUND
The Economic Expansion Act was adopted by the Council on March 17, 2016, with the purpose of improving the City's ability to grow existing businesses and expand the City's tax base without having to incur additional cost by providing measurable incentives. Two amendments to the Act are being presented now to expand the scope of the Act to encourage infill development and mixed-use projects.
Currently, the Act provides developers with the ability to apply for reimbursement of offsite improvements on qualified mixed-use projects within one-half mile of the Blackstone Bus Rapid Transit corridor south of Shaw Avenue. The first amendment extends that reimbursement ability to qualified projects south of Herndon Avenue.
In addition, the Act is being amended to incentivize residential developments in Infill Opportunity Zones by providing a fifty percent reduction in water capacity fees so long as the following criteria are satisfied:
* The development project is located entirely within an Infill Opportunity Zone, as established by the Fresno General Plan;
* The development project is either newly constructed residential development or newly renovated residential development; and
* Necessary water transmission infrastructure is already in place.
ENVIRONMENTAL FINDINGS
By the definition prov...
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