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Figure 28 PDA Readiness Criteria Worksheet PDA name: North San Jose Version: Baseline # Readiness Criteria Category # Sub-Criterion Name Present (2012) PDA Development Readiness Scoring 2020 2030 2040 Notes D Market and Investment Attractiveness 1 History of real estate investment in PDA and surrounding city 2 Recent Local Development Activity 0.80 0.60 0.40 0.00 0.00 0.00 Extensive development of MFR in recent years: City says over 90% of new units in last 10 years. Minimum standards are 55 DU/acre for 200 acres, 90 DU/acre for 85 acres; projects so far have been averaging 75 DU/acre. MAJOR CONSTRAINT: Policy restricts Phase 1 growth to 8K DU's until 7M SF of industrial is developed, then same for Phases 2-4. City records show only 1.2M SF of nonresidential building permits issues 1999-2012. As of March, pipeline had 8,400 units with zoning approval, of which 7,394 housing units recently opened or with permits right now, though BMR units are lagging behind. Phase 1 housing is almost fully entitled, but can't proceed beyond that until phase 1 industrial is complete. City estimates 2M SF of industrial development in the pipeline right now, but well behind the housing demand for now. A-84 3 General Market Conditions 0.00 0.00 0.00 Strong residential market as evident in development activity. Accessible area in major employment center, with many good-paying jobs locally and in greater area. 4 Financial Feasibility Constraint 0.00 0.00 0.00 Market activity indicates that housing is feasible on numerous sites that are underutilized. Eventual challenge to redevelop more productive uses. 5 Parcel size and configuration 0.00 0.00 0.00 Generally large and well-configured for efficient development, but Rincon South area has some smaller parcels for smaller projects. 6 Existence of major investment disincentives 0.00 0.00 0.00 None. 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 28 PDA Readiness Criteria Worksheet PDA name: North San Jose Version: Baseline # 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 Policy calls for new schools, fire station, police station, parks, plus $519M of traffic improvements, of which $460M was to be funded through Traffic Impact Fee and $30M through RDA. 2 Is there an existing CIP funded or other infrastructure financing plan in place? 0.00 0.00 0.00 Traffic Impact Fee initially set at $10.44/industrial SF, $6,994/SFR and $5,596/MFR; parks fee is ~$25K/unit; police and fire facilities are General Fund. Another $20K fee for Santa Clara school district was proposed but defeated as a ballot measure in the last few years. A-85 3 PDA financing capacity 0.00 0.00 0.00 $6K/unit traffic fee and $25K/unit park impact fees have not been a hurdle, as evinced by pipeline activity. 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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7,000 6,000 5,000 Figure 9: Redwood
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Figure 10 PDA Readiness Criteria Wo
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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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