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Figure 50 PDA Readiness Criteria Worksheet PDA name: Morgan Hill Downtown PDA Version: Amended # Readiness Criteria Category # Sub-Criterion Name Present (2012) PDA Development Readiness Scoring 2020 2030 2040 Notes B Planning and Entitlement Criteria 1 Displacement of existing stable residential neighborhoods 0.00 0.00 0.00 None of the existing residential units are presumed to be redeveloped nor need to be redeveloped to achieve allocation 2 Time required and difficulty in obtaining entitlement: institutional capacity and jurisdictional track record City has good track record regarding expeditious entitlements processing 0.00 0.00 0.00 A-150 C Community Support 1 Elected official support for proposed PDA use types and densities during past 3 years 0.00 0.00 0.00 2 History of neighborhood opposition 0.00 0.00 0.00 There has been not neighborhood opposition to pending development proposals or the Plan Bay Area allocations Economic & Planning Systems, Inc. 3/26/2013 Page 2 of 4 P:\121000\121113MTC\Readiness_Assessment Process\PDA Readiness Assessment\WK_Readiness Assessments\All_WK_Sample032513
Figure 50 PDA Readiness Criteria Worksheet PDA name: Morgan Hill Downtown PDA 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 0.40 0.20 0.00 While multifamily housing starts in Morgan Hill have been limited to mostly affordable projects, Downtown Morgan Hill shows future potential for multifamily uses especially if transit connections northward (i.e. Caltrain) can be improved. Amendment assumes expanded Caltrain service to South County. 2 Recent Local Development Activity (Pipeline) 0.00 0.00 0.00 Approximately 20 percent of the Plan Bay Area allocation is met with pending project applications in the Downtown Morgan Hill PDA A-151 3 General Market Conditions 4 Financial Feasibility Constraint 0.30 0.20 0.00 0.00 0.00 0.00 The south Santa Clara County market area that Morgan Hill is a part has limited market conditions for multifamily housing; while these market conditions are expected to improve in future decades south Santa Clara County will remain dominated by traditional single family development. Amendment assumes expanded Caltrain service to South County. Market prices (rents, condo sales prices) may make multifamily housing projects in the City infeasible in the near term; additionally current credit market conditions may impede certain projects in the short term 5 Parcel size and configuration 0.00 0.00 0.00 Parcels included as opportunity sites in the CD&A capacity analysis are typically larger parcels currently vacant or in underutilized commercial or industrial uses that will be supplanted over time by residential and mixed use projects 6 Existence of major investment disincentives There are no significant investment disincentives in the Morgan Hill Downtown PDA 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\WK_Readiness Assessments\All_WK_Sample032513
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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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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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