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Figure 23 PDA Readiness Criteria Worksheet PDA name: Sunnyvale El Camino Real Version: Amended # Readiness Criteria Category # Sub-Criterion Name Present (2012) PDA Development Readiness Scoring 2020 2030 2040 Notes D 1 Market and Investment Attractiveness History of real estate investment in PDA and surrounding city 0.10 0.05 0.00 Cherry Orchard project added ~350 units; City overall has been averaging 300-400 new units annually over the past 15 years and PDA would need to average ~150 DU/yr from 2010-2040. 2 Recent Local Development Activity 0.10 0.00 0.00 160-unit townhouse project just approved at ECR/Mathilda (old Ford site); Sobrato exploring 40+ DU/acre project at ECR/Bernardo (old Chrysler site) A-70 3 General Market Conditions 0.00 0.00 0.00 Significant developer interest in denser residential (rental) projects on larger sites (2+ acres); not much vacancy on ECR; high incomes in area 4 Financial Feasibility Constraint 5 Parcel size and configuration 0.10 0.05 0.00 0.05 0.05 0.05 Few true vacancies and most properties are producing some cashflow with low risk; concern about feasibility of mixed-use commercial component, but may be feasible if 40+ DU/acre; redevelopment of existing uses poses problem (several auto dealerships that City doesn't want to lose). Amendment assumes that upzoning adds value that overcomes financial feasibility threshold associated with existing uses over next decades. Many shallower parcels require buffer to SFD neighborhoods and require assembly for efficiency. Amendment assumes Redevelopment-type powers can assist with parcel assembly. 6 Existence of major investment disincentives No issues: schools are fine, crime not a major issue, strong community amenities 0.00 0.00 0.00 Economic & Planning Systems, Inc. 3/26/2013 Page 3 of 4 P:\121000\121113MTC\Readiness_Assessment Process\PDA Readiness Assessment\DS_Readiness Assessment_032513
Figure 23 PDA Readiness Criteria Worksheet PDA name: Sunnyvale El Camino Real Version: Amended # Readiness Criteria Category # Sub-Criterion Name Present (2012) PDA Development Readiness Scoring 2020 2030 2040 Notes E Infrastructure Capacity, Needs, and Financing 1 Existing infrastructure capacity 0.00 0.00 0.00 Grand Boulevard study did not identify need for new water, sewer, etc.; school capacity is a concern; parks fee has been increased to facilitate new facilities; roadway capacity is okay but does have some LOS E and may need to accept more to accommodate planned growth 2 Is there an existing CIP funded or other infrastructure financing plan in place? Has traffic impact fees, parks and school fees; no other needs identified A-71 0.00 0.00 0.00 3 PDA financing capacity Not an issue due to modest infrastructure needs 0.00 0.00 0.00 Economic & Planning Systems, Inc. 3/26/2013 Page 4 of 4 P:\121000\121113MTC\Readiness_Assessment Process\PDA Readiness Assessment\DS_Readiness Assessment_032513
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Draft March 2013 Strategy for a Sus
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Final Report PDA Readiness Assessme
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1. REPORT SUMMARY AND FINDINGS Plan
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Table 1 Summary of PDA Readiness As
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PDA Readiness Assessment Final Repo
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2. STUDY BACKGROUND Over the past s
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3. PDA DEVELOPMENT READINESS ASSESS
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Table 2 Capacity Assessment for Sel
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Table 3 PDA Readiness Criteria Work
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Table 3 PDA Readiness Criteria Work
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5. POLICY ACTIONS TO IMPROVE DEVELO
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A-1 Units 18,000 16,000 14,000 12,0
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Figure 2 PDA Readiness Criteria Wor
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Page 147 and 148: 3,000 2,500 Figure 33: Antioch Hill
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Figure 40 PDA Readiness Criteria Wo
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4,000 3,500 3,000 Figure 45: Pittsb
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2,500 2,000 Figure 51: Morgan Hill
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5,000 4,500 4,000 3,500 Figure 57:
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Metropolitan Transportation Commiss
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