75A - PH METRO EAST MIXED USE OVERLAY (MEMU)

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GPA No. 2018-03, AA No. 2018-06, and ZOA No. 2018-03 Expand and Amend the MEMU Overlay Zone September 4, 2018 Page 2 well as possibly recommending potential enhancements and refinements to the existing MEMU development and design standards with a goal of creating a balances of intensity, density, and mix of land uses within the overlay zone. Following the meeting, staff immediately engaged AECOM to assist with the analysis. Within the short timeframe between the meetings, AECOM was able to quickly provide a first -look, high- level, qualitative assessment of the net fiscal impact of the MEMU Overlay Zone expansion and amendments project as proposed. However, the meaningful development of enhanced standards and refinements of existing regulation will also need to be based on the completion of an in-depth analysis which requires additional time, information, and resources to complete. AECOM is developing a work scope, a budget, and timeline for staff to present to the City Council during the verbal presentation of this matter at the public hearing. Findings of the First -Look High -Level Qualitative Assessment In summary, the preliminary analysis indicates that the project will not result in a significant different net fiscal impact in comparison to the current MEMU area. This is primarily due to the fact that the proposed expansion and amendments maintain the existing residential and non-residential buildout caps and the service population and service costs of the existing and the expanded MEMU remain consistent as previously analyzed in the existing MEMU. The detail of the preliminary analysis are provided in a memo prepared by AECOM memo as Exhibit E. For the City Council's information and ease of review, the information provided in the report presented on August 21, 2018, are included in the body of this supplemental report in the following sections: PLANNING COMMISSION ACTION At its regular meeting on July 23, 2018, the Planning Commission by a vote of 4:0 (Alderete, Contreras -Leo, and Verino absent) recommended that the City Council adopt General Plan Amendment No. 2018-03; adopt Amendment Application No. 2018-06; and adopt Zoning Ordinance Amendment No. 2018-03 for the MEMU expansion and amendments project. The Planning Commission reviewed the Draft Subsequent Environmental Impact Report (SEIR) and considered the document and its findings in making the recommendation on these entitlements. The Planning Commission made no changes to the recommended actions outlined in the attached staff report (Exhibit A). DISCUSSION The MEMU Overlay Zone expansion and amendment project will extend the MEMU overlay zone west along First Street to Grand Avenue and will reclassify certain land use districts and amend certain development standards. Details on the land use changes and amendments to the development standards are provided in the attached Planning Commission staff report. The Draft SEIR also evaluates the environmental impacts of the Elan development project, a mixed-use development project consisting of 603 residential and shopkeeper (live/work) units, and up to 75A-2