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HomeMy WebLinkAbout1994-07-06; Planning Commission; ; LFMP 87-09B - LOCAL FACILITIES MANAGEMENT PLAN ZONE 09B FINANCE PLAN-APPLICA, .ON COMPLETE DATE: MAY 30, 1994 Sf AFF REPORT DATE: JULY 6, 1994 STAFF PLANNER: DON RIDEOUT .t~ ® TO: PLANNING COMMISSION FROM: PLANNING DEPARTMENT SUBJECT: LFMP 87-09 (B) ZONE 9 FINANCE PLAN -Request for approval of a Finance Plan for Local Facilities Management Zone 9. I. RECOMMENDATION That the Planning Commission ADOPT Planning Commission Resolution No. 3683, RECOMMENDING APPROVAL of the Finance Plan for Local Facilities Management Zone 9, based on the findings and subject to the conditions contained therein. II. PROJECT DESCRIPTION AND BACKGROUND A Local Facilities Management Plan (LFMP) for Zone 9 was originally adopted by the City Council on July 11, 1989. The LFMP has been amended once (January 4, 1994) to reflect land use and circulation changes to the Poinsettia Shores Master Plan. Both the original LFMP and the amendment contain conditions of approval requiring that a comprehensive financing plan for specified public facilities be adopted prior to approval of the first final map, grading permit, or building permit within the zone, whichever occurs first. The present request is submitted in order to satisfy that condition. The Poinsettia Shores Master Plan (MP 175 [D]) specifies a mix of residential and travel­ service commercial uses, with an unplanned area to be addressed at a later time. The LFMP amendment which accompanied the new Master Plan analyzed the public facilities requirements of the proposed development. This Finance Plan is intended to provide funding mechanisms meeting City requirements for all of the needed facilities identified in the LFMP. III. ANALYSIS Planning Issues 1. Does the proposed Zone 9 Finance Plan comply with all requirements of the Growth Management Ordinance (Chapter 21.90 of the Carlsbad Municipal Code) and related policies, stanclards, and guidelines? LFMP 87-09(B) -ZONE 9 .. LNANCE PLAN JULY 6, 1994 PAGE 2 The proposed Finance Plan is in conformance with the Growth Management Ordinance (Chapter 21.90 of the Carlsbad Municipal Code) and related policies, standards, and guidelines. The Finance Plan provides acceptable financial guarantees for all required public facilities, assuring that the facilities will be in place at time of need. The complete Financing Plan is provided as Exhibit "A". The financing provisions for the various facilities are outlined below: Facility Financing Mechanism City Administrative Facilities CFD No. 1 and PFF Library CFD No. 1 and PFF Wastewater Treatment Capacity Sewer Connection Fees Parks CFD No. 1, PFF and PIL Drainage Improvement agreement and payment of drainage area fees Circulation Improvement agreement and PFF Fire No financing mechanism needed Open Space No financing mechanism needed Schools Special condition Sewer Improvement agreement Water Improvement agreement CFD No. 1 = Community Facilities District No. 1 of the City of Carlsbad PFF = Public Facilities Fee PIL = Park-in-lieu Fee The facilities and their financing are described in more detail as follows: City Administrative Facilities and Library. CFD No. 1 was formed by the City in 1991 to finance a number of facilities of Citywide benefit. All undeveloped properties within Zone 9 are already participating in CFD No. 1. A combination of CFD No. 1 and payment of PFF constitutes the required financial guarantee for these two facilities. Wastewater Treatment Capacity. The Phase IV expansion of the Encina Water Pollution Control Facility has been completed, guaranteeing adequate capacity to serve the City for at least five years into the future. Payment of normal sewer connection fees by all development within Zone 9 is the only financing mechanism required. LFMP 87-09(B) -ZONE~ r'INANCE PLAN JULY 6, 1994 PAGE 3 - Parks. CPD No. 1 will finance improvements to Veterans Memorial Park. Funding for Phase I improvements to Poinsettia Park are included in the City's adopted 1994-95 to Buildout Capital Improvement Program. Funding for Zone 19 park is guaranteed by a letter of credit from the Zone 19 developer. Therefore, the combination of CPD No. 1 taxes, payment of normal PFF (for all development) and PIL (for a portion of the residential project) satisfies the requirement for a financial guarantee for parks. Circulation. CPD No. 1 will finance improvements to the Poinsettia/1-5 interchange. Completion of the Avenida Encinas connection will be constructed by the developer concurrent with the first phase of project development pursuant to an improvement agreement with the City. Other circulation improvements will be funded by PFF. Therefore, a combination of CPD No. 1, PFF, and improvement agreement will provide the required financial guarantee for circulation facilities. Open Space. No special financing mechanism is required for open space. Schools. The City's recently adopted standard school condition which is included in this Financing Plan will provide the required financial guarantee for school. Drainage, Sewer and Water. The developer will be required to construct drainage, sewer, and water facilities to serve proposed development pursuant to an improvement agreement with the City, and/or to pay the required fees. This provides the required financial guarantee for drainage, sewer, and water facilities. IV. ENVIRONMENTAL REVIEW The proposed Financing Plan is covered by a previously approved Negative Declaration for Master Plan Amendment 175 (D) and Local Facilities Management Plan Amendment 87-09 (A) issued by the Planning Director on August 12, 1993. ATTACHMENTS 1. Planning Commission Resolution No. 3683 2. Notice of Prior Compliance, dated June 24, 1994 3. Exhibit "A", Financing Plan for Local Facilities Management Zone 9, dated July 6, 1994, (previously distributed). DR-lh June 16, 1994 - City of Carlsbad · ■AGhieh,i-1•14·iUli 11 i4hi PUBUC NOTICE OF PRIOR ENVIRONMENf AL COMPLIANCE Please Take Notice: The Planning Department has determined that the enviromnental effects of the project described below have already been considered in conjunction with previously certified environmental documents and, therefore, no additional environmental review will be required and a Notice of Determination will be filed. The previously certified document is the Mitigated Negative Declaration as approved with MP 175(0) and LFMP 87-09(A) by the City Council on January 4, 1994. Project Title: Financing Plan for Local Facilities Management Zone 9 Project Location: Zone 9 Project Description: A Financing Plan for public facilities required pursuant to the Growth Management Ordinance (Chapter 21.90 of the Carlsbad Municipal Code). Justification for this determination is on file in the Planning Department, Community Development, 2075 Las Palmas Drive, Carlsbad, California 92009. Comments from the public are invited. Please submit comments in writing to the Planning Department within ten (10) days of date of publication. DATED: JUNE 24, 1994 CASE NO: LFMP 87-09(8) APPLICANT: LOCAL FACILITIES MANAGEMENT PLAN ZONE 9 FINANCE PLAN PUBLISH DATE: DR:vd JUNE 24, 1994 -BLADE-CITIZEN JUNE _23, 1994 -CARLSBAD SUN 2075 Las Palmas Drive • Carlsbad, California 92009-1576 • (619) 438-1161