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Home My WebLink About2008-09-02; Agricultural Conversion Mitigation Fee Committee Ad Hoc; ; Report to Committee on Fund Balance, Fund Augmentation, Land Conversions and Fund ProjectionsSubject: Meeting Date: September 2, 2008 Agenda Item #6 CITY OF CARLSBAD AGRICULTURAL CONVERSION MITIGATION FEE AD HOC CITIZENS' ADVISORY COMMITTEE Report to Committee on Fund Balance, Fund Augmentation, Land Conversions and Fund .. Projections September 2, 2008 Agricultural Conversion Mitigation Fee Balance The current balance within the Agricultural Conversion Mitigation Fee account as of August 18, 2008 was $5,967.511.59. Of that balance, approximately $5,256,5761 has been encumbered due to City Council approval of projects for which grant funding has been awarded, but has yet to be distributed for project implementation. In consideration of both the current Agricultural Conversion Mitigation Fee balance and funds encumbered/earmarked for use, staff estimates current funding available for additional agricultural conversion mitigation projects at approximately $701,936. Potential Fund Accrual and Augmentation: Augmentation of the fund balance may take place due to two factors. First, the fund balance may grow through the accrual of interest income which is likely to build at unpredictable increments. During Fiscal Year 2007/2008, the account balance averaged approximately $6 million and accrued $281,424.07 in interest income. Although it is possible to report on interest income gained to date, staff is unable to forecast future interest income because of the flexible nature of the fund balance. As disbursement of previously encumbered funding is distributed to grantees of approved projects, the fund balance will decrease, thereby reducing the accrual of interest income. Second, as remaining coastal agricultural lands are developed with urban uses, mitigation fees are collected for inclusion in the Agricultural Conversion Mitigation Fee fund. In return, increases in fund balance result in proportional increases in future interest income. Conversion of Agricultural Land and Fund Projection: Of the approximate 957 acres of coastal agricultural land that is subject to the Agricultural Conversion Mitigation Program, roughly 740 acres (or 77%) has already been converted to urban uses and has either paid the conversion mitigation fee or otherwise mitigated2• Of the 957 acres, the remaining 217 acres of land (or 23%) has 1 Note: approximate figure provided. Amount does not include encumbered funds allocated for Committee's operating budget. 2 As opposed to paying the Agricultural Conversion Mitigation Fee, an applicant may mitigate the conversion by committing to permanently preserve one acre of prime agricultural land (elsewhere) within the California coastal zone for each net acre of area being converted. Additionally, the applicant need not mitigate if a feasibility study successfully demonstrates that continued or renewed agriculture use is infeasible. not converted to urban use and therefore has not been subject to payment of the Agricultural Conversion Mitigation Fee or other mitigation. Exhibit 1 (appended herewith) includes a map depicting those lands that have converted to urban uses--and mitigated or paid the fee--as well as those lands that have not yet converted to urban uses. Fund Projection Estimates: If the remaining 217 acres of land that is subject to the agricultural conversion program were capable of fully developing with urban uses, then the Agricultural Conversion Mitigation Fee fund would have the potential to increase by an additional $2,140,000. The fund, however, is incapable of increasing by this amount in mitigatio.n fee collection alone due to considerations that limit complete conversion of these properties to urban uses. More specifically, since portions of these lands are constrained by such factors as utility easements, right-of-way easements, slopes in excess of 40% and waterways, said portions are precluded from fully converting to urban use and consequently will not be subject to the Agricultural Conversion Mitigation Fee. Of the 217 acres, at least 21 acres of land (or 10%) are identified as fully constrained and will not be subject to the fee. Provided that all remaining portions of property (196 acres) are converted to urban uses, the fund would increase by an additional $1.9 million. This however, is also unlikely given the presence of other factors that will presumably preclude full conversion of the remaining land. For example, unquantifiable factors such as the presence of sensitive or significant resources onsite that may require permanent preservation, further preclude development; and in turn, limit augmentation of the fund. Additionally, specific properties identified as coastal agricultural lands may be precluded from developing with urban uses due to planning and/or acquisition efforts currently being pursued by the state and City. Examples of such properties include areas referred to as the Mitsuuchi property and Proposition D. Lands as indicated in Exhibit 2. Staff estimates that a conservative approach in consideration of constraints that are yet to be realized might more reasonably result in approximately $1 -$1.5 million that would enter the fund before coastal agricultural lands are fully converted to urban uses. In consideration of such constraints, staff estimates that provided no immediate encumbrances are established, the unencumbered balance within the Agricultural Conversion Mitigation Fee fund may have potential to increase to approximately $1. 7 - $2.2 million, notwithstanding additional potential for augmentation due to interest income. Respectfully Submitted, PLANNING DEPARTMENT Exhibits: 1. Map Depicting Lands Converted and Lands Subject to Mitigation Program 2. Map Depicting Grant Recipients and Project Locations AVI A R A P Y POINSETTIA L N E L C AM I N O R E A L PALOMAR AIRPORT RD CARLSBAD BL CANN ON RD COLL E GE BL LA COSTA AV ALGA RD AGRICULTURAL LANDS (UPDATED MAP X BY CITY OF CARLSBAD) LOCAL COASTAL PROGRAM LAND USE - MELLO II 04/01/08 2,000 01,000 Feet CITY OF CARLSBAD GIS 2008 J:\cbgis\products\planning\StandardMap\LCP_Mello2_AG.mxd Plotted 04/01/08 PAID FEE OR MITIGATED THE CONVERSION TO URBAN USES LAND SUBJECT TO AGRICULTURAL MITIGATION PROGRAM "Portions of this DERIVED PRODUCT contains geographic information copyrighted by SanGIS. All rights Reserved." MELLO I MELLO I EAST BATIQUITOS LAGOON WEST BATIQUITOSLAGOON MELLO II MELLO I MELLO II AGUA HEDIONDA LAGOON MELLO II J:\cargis2\products\planning\r131.07J:\cargis2\products\planning\r131.07 J:\cargis2\products\planning\r131.07 Exhibit 1 D II N s COASTAL Z O N E BOUNDARYCZBMITSUUCHI MURPHY $*3 &DUOVEDG%HDFK1RXULVKPHQW $*3 &DUOVEDG%HDFK1RXULVKPHQW $*3'LVFRYHU\&HQWHU,PSURYHPHQWV $*36RLO$PHQGPHQW3URMHFW $*3 'UDLQDJH3URMHFW $*33HUPHDEOH3DYLQJ3URMHFW $*30XOWL8VH%DUQ $*3 &\PELGLXP3URMHFW $*3 %XHQD9LVWD/DJRRQ%RDUGZDON $*3 $XGXERQ1DWXUH&HQWHU $*3 /D3RVDGD)DUPZRUNHU+RXVLQJ $*3 $+/DJRRQ7UDLOV $*3 %DW/DJRRQ0RQ¶J0JPW3ODQ $*3 %/)1DWXUH&HQWHU,PSURYHPHQWV COLLEGE BLA VI A R A PYC A N N O N RDALGA RD TAMARACK A V OLIVENHAIN R DCARLSBAD BLMELROSE DRCA R LSB A D V I L LAGE D R CARLSBAD BLPOINSETTIA L N LA COS TA AV EL CAMI NO REALP A L OMAR AIRPORT RD BATIQUITOS LAGOON AGUA HEDIONDALAGOON BUENA VISTALAGOON PACIFIC OCEAN 0LOHV Map Features Agriculture Grant Project Categories: (A) Restoration of the coastal and lagoon environment including but not limited to acquisition, management and/or restoration involving wildlife habitat or open space preservation. (B) Purchase and improvement of agricultural lands for continued agricultural production, or for the provision of research activities or ancillary uses necessary for the continued production of agriculture and/or aquaculture in the City’s Coastal Zone, including but not limited to, farm worker housing. (C) Restoration of beaches for public use including but not limited to: local and regional sand replenishment programs, vertical and lateral beach access improvements, trails, and other beach-related improvements thatenhance accessibility, and/or public use of beaches. 352326,7,21'/$1'%281'$5< (D) Improvements to existing or proposed lagoon nature centers. /$1'67,//68%-(&7723$<,1*$*5,&8/785$/&219(56,210,7,*$7,21)(( &2$67$/=21(%281'$5< -?FDUJLV?SURGXFWV?SODQQLQJ?U Agricultural Conversion Mitigation Fee Grant Recipients City of Carlsbad as of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¶J0JPW 3ODQ 0RQLWRUDQGGHYHORS PDQDJHPHQWSODQIRU ODJRRQ %DWLTXLWRV /DJRRQ )RXQGDWLRQ $*3& $+/DJRRQ 7UDLOV 0DLQWHQDQFHDQG FRQVWUXFWLRQRIWUDLOV DURXQG$JXD +HGLRQGD/DJRRQ $JXD +HGLRQGD /DJRRQ )RXQGDWLRQ $*3% /D3RVDGD )DUPZRUNHU +RXVLQJ &RQVWUXFWLRQRI IDUPZRUNHUKRPHOHVV KRXVLQJDW&DVDGH *XDGDOXSH &DWKROLF &KDULWLHV APPLICANT Recommended by Committee on 4/27/07 and 6/06/07 Approved by City Council on 2/19/08 APPROVED FUNDING Recommended by Committee on 11/18/06 Approved by City Council on 2/13/07 PROJECT NAME PROJECT DESCRIPTION APPLICANT EXHIBIT 2.... , L--- IZ2I lZl rza IS'S1 1----1------1---------------1~~ ~\ -Y.~ ,iv.,,, L . i -,' ·-... ~ .. f,