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Figure 29 PDA Readiness Criteria Worksheet PDA name: North San Jose Version: Amended # 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 0.80 0.50 0.20 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. EPS amendment assumes this policy is modified (but not eliminated) to allow more housing to occur in each phase. A-88 2 Recent Local Development Activity 0.00 0.00 0.00 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. 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 29 PDA Readiness Criteria Worksheet PDA name: North San Jose 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 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-89 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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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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