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HomeMy WebLinkAbout1986-09-16; City Council; 8738-1; Growth Management ProgramCIT OF CARLSBAD — AGEND 3ILL 1/ picfl 03cO 0) 60S•H 13S-j O 15 Oa Q) 0) 0)ao cto O <U iH 4J CO J-J CO 2 36 ow 0) -H •O iH0) O3 aa a•H O•U OcO iHO tfla rH O•H -HO 4JC -H3 13O T3U cfl 00I OUJ Oct:a.a. g o o oo /H AR* X73F-I OEPT PLN TITLE: GROWTH MANAGEMENT PROGRAM - CITYWIDE FACILITIES AND IMPROVEMENTS PLAN DEPT. HD.MMrL niTY ATTYVfe^ CITY MGR^^L= RECOMMENDED ACTION: 6 , establishing the clarified1) Adopt Resolution No. Performance Standards for the Growth Management Program. 2) Adopt Resolution No. &7 J 7 i approving the Citywide Facilities and Improvements Plan. , establishing the guidelines3) Adopt Resolution No. for the Preparation of the Local Facility Management Plans. 4} Adopt Resolution No. P7<?c? • establishing a Local Facility Management Plan Processing Fee. 5) Adopt Resolution No. ffP'QO , directing staff to prepare the Local Facility Management Plans for Zones 1 through 6 and appropriating $25,000 to hire the necessary consultants. ITEM EXPLANATION This item is requesting that the City Council take several actions relative to the City's Growth Management Program. Item 1 clarifies the Performance Standards which were previously adopted by the Council on July 8, 1986. This item also modifies the sewer standard and creates two separate standards for sewer: Sewer Treatment Capacity and Sewer Collection System. Item 2 is the Citywide Facilities and Improvements Plan which staff was directed to prepare and present by September 20, 1986. It is also required in Section 21.90.090 of Ordinance No. 9810 which established the City's Growth Management Program. Staff will be making a presentation on the plan prior to the public hearing. Item 3 establishes the guidelines for the preparation of the Local Facility Management Plans. The Guidelines are contained in Section VI of the Citywide Facilities and Improvements Plan. The guidelines will assure consistent plans from zone to zone and will assist staff in reviewing the plan for compliance with the Growth Management Ordinance. Item 4 establishes a processing fee to be collected to pay for the review of each Local Facility Management Plan. This is similar to the fee collected when Master Plans are submitted. Item 5 is a request to direct staff to begin preparing the Local Facility Management Plans for Zones 1 through 6 and to appropriate the funds needed to accomplish this assignment. PAGE TWO OF AGENDA BILL NO. O~73fi> ~~ ( FISCAL IMPACT There is no fiscal impact to the City associated with the adoption of those items specified in Items 1 through 4. Item 5 requires an appropriate of $25,000 from the General Fund Contingency Account No. 001-840-1990-2999. ENVIRONMENTAL REVIEW A Negative Declaration for the Growth Management Program was approved by the City Council on June 12, 1986. A Notice of Prior Environmental Compliance was filed for all the implementing items being considered at this time. EXHIBITS 1 ) Resolution No. ft**? ^(e t establishing the clarified Performance Standards for the Growth Management Program 2) Resolution No. (f"7? /* , approving the Citywide Facilities and Improvements Plan 3) Resolution No. <£"* "7^<P , establishing the guidelines for the Preparation of the Local Facility Management Plans 4) Resolution No. $*77 J i establishing a Local Facility Managment Plan Processing Fee 5) Resolution No. f^fOQ , directing staff to prepare the Local Facility Management Plans for Zones 1 through 6 and appropriates $25,000 from the General Fund Contingency account 6) Citywide Facilities and Improvements Plan (Previously distributed to Council.) 7) Memorandum from the Planning Director dated September 18, 1986 with 5 pages of revised text to the Citywide Facilities and Improvements Plan. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO.8796 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, ADOPTING MINOR REVISIONS TO THE PUBLIC FACILITY AND SERVICE PERFORMANCE STANDARDS TO BE USED IN IMPLEMENTING THE GROWTH MANAGEMENT PROGRAM AS REQUIRED BY ORDINANCE NO. 9808 (GROWTH MANAGEMENT ORDINANCE). WHEREAS, on July 1, 1986, the City Council adopted Ordinance No. 9808 which established a Growth Management Ordinance for the City of Carlsbad; and WHEREAS, one of the primary purposes of Ordinance No. 9808 was to prevent growth unless adequate public facilities and services to serve the growth is provided when they are needed in a phased and logical way; and WHEREAS, on July 8, 1986, the City Council adopted the Public Facility and Service Performance Standards to be used in preparing the Citywide Facilities and improvements Plan as part of the Growth Management Program; and WHEREAS, these standards are being redefined or rephased to clarify the specific meaning and purpose of each; and WHEREAS, the intent of the original standards will remain (intact and that the clarified standards are needed to be able toi adequately determine the timing for public facilities and services and to assess whether they are being provided in a phased and logical way; and WHEREAS, standards are needed to provide a mechanism to continually monitor the adequacy of public facilities and services as growth occurs; and WHEREAS, Section 21.90.080 of Ordinance No. 9808 requires the adoption by City Council Resolution of Performance Standards; 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, that the Public Facility and Service Performance Standards as contained on attached Exhibit "A" are hereby adopted and shall be used in the implementation of Ordinance No. 9808 - The Carlsbad Growth Management Ordinance. PASSED, APPROVED AND ADOPTED at a regular meeting of the Carlsbad City Council held on the 23rd day of September , 1986 by the following vote, to wit: AYES: Council Members Casler, Lewis, Kulchin, Chick and Pettine NOES: None ABSENT: None MARY H./CASLER, Mayor ATTEST: ALETHA L. RAUTENKRANZ, City Clferk (SEAL) -2- EXHIBIT "A" RESOLUTION NO.8796 PUBLIC FACILITY AND SERVICE PERFORMANCE STANDARDS Facility/Service City Administrative Facilities Library Wastewater Treatment Capacity Parks Drainage Circulation Fire Open Space Schools Sewer Collection System Water Distribution System Standard 1500 square feet per 1,000 population must be scheduled for construction within a five year period. 800 square feet per 1,000 population must be scheduled for construction within a five year period. Sewer plant capacity is adequate for at least a five year period. Three acres of community park or special use park per 1,000 population within the Park District, must be scheduled for construction within a five year period. Drainage facilities must be provided as required by the City concurrent with development. No road segment or intersection in the zone nor any road segment or intersection out of the zone which is impacted by development in the zone shall be projected to exceed a service level.C during off- peak hours, nor service level D during peak hours. Impacted means where 20% or more of the traffic generated by the local facility management zone will use the road segment or intersection. No more than 1,500 dwelling units outside of a five minute response time. Fifteen percent of the total land area in the zone exclusive of environmentally constrained non- developable land must be set aside for permanent open space and must be available concurrent with development. School capacity to meet projected enrollment within the zone as determined by the appropriate school district must be provided prior to projected occupancy. Trunk line capacity to meet demand as determined by the appropriate sewer district must be provided concurrent with development. Line capacity to meet demand as determined by the appropriate water district must be provided con- current with development. A minimum 10 average day storage capacity must be provided concurrent with development. .5 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. 8797 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, ADOPTING THE CITYWIDE FACILITIES AND IMPROVEMENTS PLAN TO BE USED WITH THE GROWTH MANAGEMENT PROGRAM AS REQUIRED BY ORDINANCE NO. 9808 (GROWTH MANAGEMENT ORDINANCE) . WHEREAS, on July 1, 1986, the City Council adopted Ordinance No. 9808 which established a Growth Management Program for the City of Carlsbad; and WHEREAS, one of the primary purposes of Ordinance No. 9808 was to prevent growth unless adequate public facilities and services to serve the growth is provided when they are needed in a phased and logical way; and ^ WHEREAS, the Citywide Facilities and Improvement Plan is the first phase in the implementation of the Growth Management Program and is needed to set the framework to allow Local Facility Management Plans to be submitted; and WHEREAS, Section 21.90.090 of Ordinance No. 9808 requires the adoption by City Council Resolution of a Citywide Facilities and Improvements Plan; NOW, THEREFORE, BE IT RESOLVED by the City Council of the Zity of Carlsbad, California, that the Citywide Facilities and Improvements Plan as contained on attached Exhibit "A" is hereby adopted and shall be used in the implementation of Ordinance No. 9808 - The Carlsbad Growth Management Ordinance. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 PASSED, APPROVED AND ADOPTED at a regular meeting of the Carlsbad City Council held on the 23rd day of September y 1986 by the following vote, to wit: AYES: Council Members Casler, Lewis, Kulchin, Chick and Pettine NOES: None ABSENT: None MARY H CASLER, Mayor ATTEST: ALETHA L. RAUTENKRANZ, City CPerk (SEAL) -2- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. 8798 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, ADOPTING GUIDELINES FOR THE PREPARATION OF THE LOCAL FACILITY MANAGEMENT PLANS IN CONJUNCTION WITH THE GROWTH MANAGEMENT PROGRAM AS REQUIRED BY ORDINANCE NO. 9808 (GROWTH MANAGEMENT ORDINANCE). WHEREAS, on July 1, 1986, the City Council adopted Ordinance No. 9808 which established a Growth Management Program for the City of Carlsbad; and WHEREAS, the Citywide Facilities and Improvements Plan has been completed as the first phase in the implementation of the Growth Management Program; and WHEREAS, the second phase of the Growth Management ^ Program will be the preparation and submittal of the Local Facility Management Plans for each of the 25 zones; and WHEREAS, Section 21.90.150 of Ordinance No. 9808 allows for the adoption of certain guidelines to assist in the implementation of the Growth Management Program; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, that the Guidelines for the Preparation of the Local Facility Management Plans which are incorporated in the Citywide Facilities and Improvements Plan are hereby adopted and shall be used in the implementation of Ordinance No. 9808 - The Carlsbad Growth Management Ordinance. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 PASSED, APPROVED AND ADOPTED at a regular meeting of the Carlsbad City Council held on the 23rd day of September , 1986 by the following vote, to wit: AYES: Council Members Casler, Lewis, Kulchin, Chick and Pettine NOES: None ABSENT: None Z/ fi^IL^, ^^ *>* - C^t MARY H/ CASLER, Mayor ATTEST: ALETHA L. RAUTENKRANZ, City C^.erk (SEAL) -2- RESOLUTION NO. 87991 2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, ADOPTING A LOCAL FACILITY MANAGEMENT PEE AS 3 AUTHORIZED IN ORDINANCE NO. 9808 (GROWTH MANAGEMENT ORDINANCE). 4 WHEREAS, on July 1, 1986, the City Council adopted 5 Ordinance No. 9808 which established a Growth Management Program 6 for the City of Carlsbad; and 7 WHEREAS, the Citywide Facilities and Improvements Plan 8 has been completed as the first phase in the implementation 9 process of the Growth Management Program; and 10 WHEREAS, the second phase of the Growth Management 11 Program will be the review and evaluation of Local Facility 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Management Plans as they are submitted for each of the 25 zones; and WHEREAS, the review of the Local Facility Management Plans will ensure adequate public facilities to serve the growth when they are needed in a phased and logical way to comply with the adopted performance standards; and WHEREAS, the funds required from this fee will be used in relation to the cost of staff time, materials and supplies used, and specific consultants costs necessary to review the Local Facility'Management Plan; and WHEREAS, the fee is established as a standard estimate of the anticipated costs of reviewing a Local Facility Management Plan, although, additional funds may be required or those funds remaining following the review and approval of the plan will be refunded to the plan preparers; 8 9 10 11 12 13 14 15 16 17 18 19 20 WHEREAS, Section 21.90.070 of Ordinance No. 9808 allows for the adoption of certain fees necessary for the implementation of the Growth Management Program; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, that Local Facility Management Plan [Processing Fee is hereby established in the amount of $10,000 to be used in relationship to the amount of staff time necessary to review the specific plan. | PASSED, APPROVED AND ADOPTED at a regular meeting of the Carlsbad City Council held on the 23rd <Jay of November , 1986 by the following vote, to wit: AYES: Council Members Casler, Lewis, Kulchin, Chick and Pettine NOES: None ABSENT: None MARY H.,yCASLER, Mayor ATTEST: IALETHA L. RAUTENKRANZ, city ( SEAL) 21 22! 23 24 25 26 27 28 -2- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO.8800 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, DIRECTING STAFF TO PREPARE THE LOCAL FACILITY MANAGEMENT PLANS FOR ZONES 1 THROUGH 6 AND APPROPRIATING $25,000 FROM THE GENERAL FUND CONTINGENCIES ACCOUNT IN CONJUNCTION WITH THE GROWTH MANAGEMENT PROGRAM AS REQUIRED BY ORDINANCE NO. 9808 (GROWTH MANAGEMENT ORDINANCE). WHEREAS, on July 1, 1986, the City Council adopted Ordinance No. 9808 which established a Growth Management Program for the City of Carlsbad; and WHEREAS, the Citywide Facilities and Improvements Plan has been completed as the first phase in the implementation of the Growth Management Program; and WHEREAS, the second phase of the Growth Management * . Program will be the preparation and submittal of the Local Facility Management Plans for each of the 25 zones; and WHEREAS, Local Facility Management Zones 1 through 6 are developed to such an extent that there is a need for the City to prepare the Local Facility Management Plan for these zones; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, that the City will be preparing the ocal Facility Management Plans for Zones 1 through 6 and authorizing the appropriation of $25,000 from the General Fund Contingencies Account. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 ATTEST: ALETHA L. RAUTENKRANZ, City Clferk (SEAL) PASSED, APPROVED AND ADOPTED at a regular meeting of the Carlsbad City Council held on the 23rd day of September , 1986 by the following vote, to wit: AYES: Council Members Casler, Lewis, Kulchin, Chick and Pettine NOES: None ABSENT: None MARY H.yCASLER, Mayor -2- SEPTEMBER 18, 1986 TO: CITY COUNCIL FROM: PLANNING DIRECTOR CITYWIDE FACILITIES AND IMPROVEMENTS PLAN At the City Council meeting on September 16, staff was directed to make a few minor clarifications to the Citywide Facilities and Improvements Plan. The following is an explanation of the clarifications which are being made: 1 ) Page 5 - Constrained areas have been clarified to indicate environmentally constrained non-developable areas and those areas which are constrained but may be developable. 2) Page 58 - Clarifies constrained lands. 3) Page 61 - These items are being added at the request of the Engineering Department to provide a higher level of detail needed when evaluating circulation plans. 4) Page 63 - Clarifying that major power line easements may be used to provide open space. 5) Page 67 - Paragraph (i) was reworded to clarify when the Facility Management Fee would be collected. Attached are the individual pages showing the clarifications which are underlined and the items to be removed which are lined out. The last concern raised at the Council meeting was that the Growth Management Program does not consider Special Resource Areas in the Parks standard. The reason for this decision is the City currently has enough acreage of Special Resource Areas to meet the buildout demand of the City. Staff does not believe any changes or additions are needed in the Parks section of the Citywide Plan. MICHAEL J. HOLZMILLER Planning Director In order to adequately assess and plan for Citywide public facilities and services, it was necessary to project the level of development that can be anticipated to the ultimate buildout of the City. These projections take into consideration recent ordinances adopted by the City which reduce residential density and restrict the overall future intensity of development throughout the City. The process used to estimate the total number of dwelling units in the City at ultimate buildout is relatively straightforward. Using the City's General Plan map as a basis, all of the land uses shown were entered into a computer by the San Diego Association of Governments (SANDAG) using a process known as "digitizing." The computer converted this digitized information into gross acres for each land use designation. Environmentally constrained areas, beaches, wetlands, floodways, other water bodies, riparian and woodland habitats, were also digitized and converted into acreage figures in the same way. Other constrained areas included slopes greater than 25 percent, beaohes, wetlando, floodwaya, other—water—bodies, major roadways, railroad tracks, and major power line easements, and—riparian—an* woodland habitats. The primary sources used in identifying these areas included previous environmental impact reports prepared for projects throughout the City and a Citywide slope analysis map. To obtain net developable acres, all of the 100 percent constrained acres and one-half of the areas shown as 25-40 percent slopes were subtracted from the gross acreage figure for each land use category. In this way, a net developable acreage figure could be established for the overall City, for each quadrant of the City, and for each of the 25 Local Facility Management Zones. The net developable acreage figure was then multiplied by the number of dwelling units allowed per acre using the City's "Control Yield" density ranges, which are listed below: Residential Land Use Control Yield RL 1.0 RLM 3.2 RM 6.0 RMH 11.5 RH 19.0 The Control Yield densities represent either the midpoint of the City's adopted density ranges or actual experience using existing developments within each land use category. By applying the Control Yield densities to the net developable acreage figures, an estimate of the total number of dwelling units at full buildout can be derived. To carry the process one step further, the per capita household size data provided by the — 5 — 1. Title Page Include zone number, name, address, and telephone number of sponsor of zone plan, all consultants, and date of preparation. 2. Table of Contents The table of contents should be comprehensive and include a list of exhibits, figures, tables and appendices. 3. Introduction Include, here, a brief description of the zone and background maps. Maps should include the following: A. Citywide Local Facility Management Zones Map; please highlight the specific zone under consideration with a graphic pattern. B. Latest•General Plan map of the zone. C. Latest City zoning map of the zone. D. Map and table indicating the major (25 acres or larger) property owners in the zone and acres of property owned by each. For smaller holdings, list the number of owners and acres in aggregate. Also list popularly known names of development projects included in the zone. Where a specific project has been filed with or approved by the City include City1s official reference number. 4. Buildout Assumptions A projection of the buildout for the zone shall be provided including residential and non-residential land use acreage and constrained land. A map and tables showing how dwelling units and acreage projections were determined shall be provided. The map shall show the location of all environmental and other constrained lands including beaches, permanent bodies of water, floodways, wetlands, riparian or woodland habitats, major power transmissions lines, major roadways, railroad tracks, slopes with an inclination of 25 percent to 40 percent and those greater than 40 percent, open space areas previously designated on the City's Land Use Map and other land upon which significant environmental features are -58- ii. A map and list of all existing and proposed community or special use parks within the related Park District (City Quadrant). 2. CIRCULATION The plan shall include: i. A map of the existing and proposed street system, categorizing streets by the City Circulation Element criteria. All existing prime arterials, major arterials, secondary arterials and collector streets shall be shown. For the proposed street system, new collector streets that are internal to the subdivisions and that will be built and entirely funded by the developer as part of an individual development need not be shown. For any circulation element road, an alignment plan with a scale no greater than 200 feet per inch shall be prepared showing the vertical and horizontal alignment of the road. The limits of the alignment should be extended beyond the zone boundary to a logical terminus as necessary subject to the approval of the City Engineer. For ease of analysis it is suggested that existing streets be shown with a solid line and proposed streets with a dotted line. Use a wider line width for the prime arterial scaling down to a narrow line for collector streets. The map should normally include land outside of the zone which is necessary to analyze how the circulation system works for the entire zone. The map must indicate "impacted" road segments or intersections outside the zone. ii. A table and/or map indicating existing street capacities, traffic volumes and service levels during off-peak and peak hours for all road segments and intersections. -61- ii. A table and/or map indicating the number of existing and proposed dwelling units outside the five minute response time of existing station. 5. OPEN SPACE The plan should include: i. A map and table (acres) showing all existing land to be considered as open space. Such areas might include pocket parks, homeowners ball fields, planned residential development (PRO) common areas, golf courses, tot lots, swimming pools, tennis courts or other areas containing passive or active recreational facilities, such as major powerline easements. Where any portion of the zone is to be developed with large lot, standard single family development (minimum 7,500 square foot lots), the amount of open space may be proportionately modified. ii. When known, a map and table indicating all proposed future open spaces. If possible relate these spaces to specific property ownerships or developments. Where feasible, the plan should inventory any sites within the zone that are particularly suited to open space use and that will enhance the overall livability within the zone. 6. SCHOOLS List the name of the service agency(s) for the zone. If more than one agency serves the zone, list each agency, and include a map showing each agency's service area. Service agencies include San Dieguito Union High School District, Encinitas Union Elementary School District, San Marcos Unified School District, and Carlsbad Unified School District. The plan should include a map of existing and proposed elementary, junior high and high schools serving the zone. For each school show current and projected enrollment and rated capacity. Indicate assumptions used such as students per household. -63- SEWER COLLECTION SYSTEM Any temporary pump station required, due to phasing of facilities shall be clearly identified. Future development proposals requiring pump stations that are not identified in the zone plan will not be approved without amendments to the zone plan. DRAINAGE It should be shown that the proposed phasing schedules will not create any onsite or downstream problems in relation to erosion, flooding or siltation. IV. Financing Plan A financing plan estabishing proposed methods to fund all needed facilities shall be included: The plan shall specifically indicate: i. Which facilities are proposed to be funded and built as an integral requirement of the development projects located within the zone. Where facilities are proposed to be constructed in the future and the costs are to be allocated to various properties or developments within the zone, the plan shall so indicate and a Facilities Management Fee shall be proposed. The amount of the fee shall be determined based upon the estimated cost of the facilities spread to a specific increment or level of development. The fee shall be collected unit by unit in relationship to the specific demand beginning with the first unit of development. These fees shall be held in deposit with the City in order to assure funds will be available when the facility is needed. Facility—Management Fooo ohall bo dopooitod with the City beginning—with—the—initial—unit—&€—development in an amount stiff ioiont to fund tho facility when—i%—ts—needed. ii. Which facilities are proposed to be built by the City, special District or State as part of its normal capital improvement program. The facilities should be shown on an approved capital facilities program. -67- SEPTEMBER 23, 1986 TO: CITY MANAGER FROM: Finance Director DEBT FINANCING OF CAPITAL IMPROVEMENTS During the last few weeks there has been a lot of interest in how the City could use debt to finance capital improvements. Although the issue of bond financing is relatively broad and would require considerable time to cover in depth, these are a few key concepts which will be helpful in understanding the use of bond financing. The following section outlines some of these concepts and may help clarify what makes debt issues work and how they could be used by the City. THE INCOME STREAM Every bond issue, no matter how it is structured, depends on the issuer's ability to repay the debt at some specific time in the future. In order to repay bond holders the issuer must collect money (revenue) from some source over the life of the bonds and pledge this revenue to the bondholder. If the bondholder feels that the income stream pledged by the issuer is relatively secure overtime, that the issuer is in sound financial condition and is well managed the interest rate on the bonds will be the best the market can offer. If, however, the -income stream is uncertain or the issuer is in unstable financial condition the market will demand a higher interest rate or will refuse to accept the bonds at all. The higher the interest rate the more money the issuer must pay to the bondholder for the privilege of borrowing money. COMMON TYPES OF DEBT INSTRUMENTS There are four types of bonds or debt which should be of interest to the City. Although there are many other ways to structure debt, if these basic types are understood most of the other financing techniques which borrow from one or more of these concepts will be easier to understand. 1) Special Benefit Districts: A special benefit district can be formed by the residents (property owners) of any area to provide funding for the construction of a wide number of improvements. These may include streets, stormdrains, or parks to name a few. The residents of the district agree to pay an assessment over a 15 or 20 year period to repay all debt. The obligation or debt becomes a lien on the property within the district. This type of debt includes the 1911 and 1915 Act bonds as well as Mello-Roos bonds. 2) General Obligation (G.O.) Bonds: A G.O. bond may be issued by the City of Carlsbad to build almost any type of capital improvement. The bonds may only be issued after a 2/3 majority of the voters casting ballots in an election have approved the issue. The voters give the City the right to assess a tax on their property for the life of the bonds to guarantee repayment to the bondholders. 3) Revenue Bonds: The City may pledge revenue from a specific source to repay debt. This practice is commonly used to finance water system or sewer system expansions or improvements. The City guaran- tees repayment of the debt by agreeing to increase utility rates or other fees to a level necessary to pay all debt service costs over the life of the bonds. 4) Certificates of Participation (COP): A COP is a form of long term obligation very similar to a lease. The certificate holder is the same as a bondholder in the above examples. In a COP issue the City enters into a long term lease agreement with the certificate holders. The City pledges to pay the annual lease costs from a specific source of revenue. If the City does not pay the lease, the COP holders take ownership of the underlying property and are allowed to sell it to recover their investment. This is often used to finance building construction. THE CITY'S ABILITY-TO ISSUE DEBT The above sections show that if the City can guarantee an income stream of sufficient size, the use of debt financing for capital improvements is possible. The income streams available' to the City fall into three catagories: Special Assessment, Developer Fees, and General City Revenues. Special Assessments are used to support 1911 and 1915 Act districts or other special benefit districts. These revenues flow from the property owner through the City to the bondholder. Developer Fees are presently not used to repay debt, but could be available if sufficient revenues exist. These fees include the Public Facilities Fee, Bridge & Thoroughfare District Fee, Traffic Impact Fee, Park-In-Lieu Fee, Drainage Fee and Sewer Connection Fee. General City revenues are used to pay City operating costs. Any use of these revenues to pay debt would depend on the City allocating resources between services and debt repayment. Under current interest rates the annual debt service costs for any issue will be approximately 10% of the total issue value repaid over a 20 year period. For example, to fund a $10 million debt issue the City will have to pay $1 million per year for 20 years. An assessment district of this size would have to divide this $1 million per year debt service across the number of units available to repay the debt. The table below shows the effect of this on various sizes of assessment districts. Page 2 ASSESSMENT DISTRICT FUNDIN"~ .RAGE ANNUAL DEBT SERVICE PER R^. .EHOLD SIZE OF ISSUE Number of Households $1 Million $5 Million $10 Million In Assessment Annual Debt Ser. Annual Debt Ser. Annual Debt Ser. District $ 100.000 $ 500,000 $ 1,000,000 50 100 500 1000 2000 $ 2,000 1,000 200 100 50 $ 10,000 5,000 1,000 500 250 $ 20,000 10,000 2,000 1,000 500 (1) This assumes that ALL of the household units shown are within the benefit area. This table shows that assessment district financing is dependent upon including as many properties within a district as possible to keep the annual debt service payment within reason. Other factors such as property value can be effected by the formation of an Assessment District. If assessments are too high the ratio of the lien created by the debt issue to the value of the underlying property is too low and the assessment bonds cannot be sold, or at least require a much higher interest rate to attract buyers. An important point to remember is that assessments can only be collected from properties that benefit from the improvement and are included in the district boundaries. The City's Capital Revenues are also a possible source of debt service funding. This concept should be considered carefully before funds are allocated to debt repayment. The City must be sure that a 20 year commitment of funds to the exclusion of other projects is an acceptable alternative. The table below shows the total amount of bonds which could be issued if all revenue received from each capital source were pledged to support debt service payments. This table is based on residential development only. MAXIMUM BOND ISSUE BASED ON REVENUE GENERATED BY DEVELOPER FEES BY TYPE AND PURPOSE OF BONDS (1) (2) (2) (2) (2) NUMBER OF HOUSEHOLD PER YEAR FOR 20 YRS 50 100 500 1000 2000 PFF $1.2 Mil 2.5 Mil 12.5 Mil 25.0 Mil 50.0 Mil PARK-IN-LIEU FEES $0.3 Mil 0.6 Mil 3.2 Mil 6.5 Mil 13.0 Mil BRIDGE & THOROUGH $0.3 Mil 0.5 Mil 2.7 Mil 5.3 Mil 10.6 Mil TRAFFIC IM- PACT FEES $0.3 Mil 0.6 Mil 3.0 Mil 6.0 Mil 12.0 Mil SEWER CONNECTION $0.5 Mil 1.0 -Mil 5.0 'Mil 10.0 Mil 20.0 Mil FI (1) The Public Facilities Fee calculation is based on 2.5% of building permit valuation. For this calculation we have assumed the average house is valued at $100,000. This is higher than the actual average which must take into consideration both single family and multi-family units. (2) These sources require that ALL units shown be built within the boundaries of the special district or benefit area. Park-in-lieu is split into four districts - Traffic Impact is split into two districts. From this and the previous table it is evident that the Irger the number of households paying fees or assessments, the larger the possible band issue. Where there are few properties available to share in the repayment of debt, bond issues become very difficult if not impossible to create. Page 3 The possibility of using general fund operating revenue to pay for debt service costs depends upon the City operating at less than full capacity each year. When this occurs there is an excess of revenues over expenditures which could be allocated to debt service payments. If the City were to issue debt on the basis of excess funds being made available from the general fund, the annual budget would have to be structured to require departments to plan operations at something less than maximum service levels. The present City budget is based on the highest service levels possible with available funds. Should the residents desire certain capical facilities rather than specific services, the Council could choose to shift funding to debt repayment. This alternative is not typically used by cities as a means for repayment of bonds. The toal amount of bonds which could be supported by this concept would depend on the service levels set by the City Council. SUMMARY There are several types of debt instruments available to the City, all of which depend on a guaranteed income stream for repayment. This income stream depends upon revenue from assessments, fees, taxes and/or general income. If no income stream exists there can be no bond issue. Where the revenue exists a bond issue of approximately 10 times the size of the annual income stream can be supported. Bond payments will generally be spread over a 15 to 20 year period. The use of debt financing for public facilities is a common practice and should be viewed as a viable alternative to pay-as-you-go financing. The keys to making a debt issue work are 1) clear definition of the project to be constructed, 2) a source of income that can be reasonably guaranteed for a 20 year period, 3) and a bond structure that is understood by the marketplace. JIM ELLIOTT JE:eas Page 4 San Diego Gas & Electric August 29, 1986 FILE NO Mr. Michael J. Holzmiller Planning Director City of Carlsbad 2075 Los Palmas Drive Carlsbad, CA 92008-4859 Dear Mike: We appreciate the opportunity to review and provide comments on the Guideline for Preparation of Local Facility Management Plans. In general, the guidelines appear to be fairly straight forward and easy to follow for preparing the local zone plans. In our review we have noted a few areas which appear to need some clarification or additional consi- deration. The following comments are offered for your review: Page 6, Phasing Assumptions; The guidelines indicate that "useage should be projected on a year-by-year basis over a twenty-year time line." This requirement appears unrealistic since development cannot always be projected on a precise year- by-year basis. It is more realistic to forecast development within a five-year time frame, i.e., between 1986 and 1990 or from 1996 to 2000. Page 8, Park and Recreation Phasing; This section discusses the phasing schedule for an entire park district which would include several zones. It also indicates that development is to be suspended if there is a shortfall of park facilities. The guidelines should make it clear whether this relates to a shortfall within the entire park district or within a given zone. If it is the intent of the guidelines to curtail development in an entire district for a shortfall within any zone, this places an unrealistic burden upon developing lands outside the zone having the shortfall. A developer may not be able to provide additional facilities in other zones. Therefore, all zones within entire districts could be put on hold until the city is able to remedy the shortfall of parks. Page 17^ Open Space Standard; The proposed standard establishes that 15% of land in each zone exclusive of environ- mentally constrained lands is to be set aside for open space. In some areas, the amount of land which is considered "environ- mentally constrained" encompasses a large portion of a project site. First, all lands that are not truly environmentally constrain- ed (proven significant ecological value) should not be consid- ered as environmentally constrained. Secondly, the guidelines should allow at least a portion of the environmentally constrained lands to court toward satisfying the City's 15% open space requirement. We suggest that these environmentally constrained lands be allowed to satisfy at least 50% of the above open space requirement. POST OFFICE BOX 1831 • SAN DIEGO. CALIFORNIA 92112 • TELEPHONE: 619*96-2000 Mr. Mike Holzmiller -2- August 29, 1986 Exhibit - Methodology for Buildout Projections; Major power line easements are included in your definition of "environ- mentally constrained" areas. Under the guidelines, the environmen- tally constrained areas may not be used either in density calculations or to satisfy open space requirements. With these restrictions, the properties falling into this category will essentially have no economic value. SDG&E does not prohibit development that is compatible with its power lines within these rights of way. In order to encourage secondary uses of rights of ways for areas such as parks, recreation, general open space and parking, we strongly believe that major power line easements should be removed from your definition of environmentally constrained areas. Additionally, placing power lines in this category will make it very difficult for SDG&E to obtain transmission line easements in the future if owners are unable to use the easement area for density calculations and to satisfy open space requirements. On Page 2 the methodology for calculating the amount of commercial and industrial buildout is mentioned, however, the assump- tions and methodology are not included. This criteria should be included in this exhibit as it is for residential. Thank you again for the opportunity to comment on the proposed guidelines. If you would like clarification or additional information on any of the above, please call either Patricia Stanfield or myself. Pat can be reached at 696-2391 and I am at 696-2480. ) Sincerely, M. Dudley Land Management & Redevelopment Supervisor FMD/jem cc: PMStanfield CITYWIDE FACILITIES AND IMPROVEMENTS PLAN September 16, 1986 Typographical and layout corrections: 1 ) Page 7 In the first paragraph, first word in the fourth line should be "total" instead of "remaining". 2) Page 21 - Table 3 under the heading "Square Feet Available or Planned" the words "Facility Needed" should be moved up to the year 2006. 3) Page 35 - Under C. ADEQUACY EVALUATION, the Citywide Totals for acres required should be 155.83. 4) Page 76 - The dollar figures in the table are in millions (OOO's) . 5) Page 90 - Section IX should read, "APPLICABILITY TO GROWTH ORDINANCE (SECTION 21.90 OF THE CARLSBAD MUNICIPAL CODE)". SEPTEMBER 16; 1986 GROWTH MANAGEMENT PROGRAM - OVERVIEW AND UPDATE The City's Growth Management Program started to take shape over a year ago when the report from the Citizens Committee reviewing the Land Use Element of the General Plan was accepted by the City Council. Although a whole series of recommendations were made by the Citizens Committee, many of the major ones addressed two general areas of concern which have since become the focal elements or cornerstone of the City's overall Growth Management Program: 1) Density 2) Adequate Public Facilities Density A number of new ordinances have been adopted by the City Council which affect density including: 1) The reduction of the City's density ranges 2) Not allowing certain types of open space to be used in density calculations 3) The Beach Overlay Zone 4) Rezoning of a number of parcels in the City where the existing zoning was felt to be incompatible with the surrounding area The overall effect of these ordinances has been to substantially reduce the ultimate number of dwelling units and intensity of development in the City and to increase the amount of open space. Adequate Public Facilities In order to ensure that an adequate level of public facilities and services is maintained at all times as growth occurs in the City, the Growth Management Ordinance was adopted in July, 1986. The ordinance creates a 3 step process for analyzing the adequacy of public facilities: 1) Adoption of a Citywide Facilities and Improvements Plan 2) Requirement for Local Facility Management Plans for each of the 25 local zones into which the City has been divided. 3) individual development project review (OVER) Citywide Plan Since the adoption of the Growth Management Ordinance in July, staff has been working on the preparation of the Citywide Facilities and Improvements Plan. The key elements of the Citywide Plan include: 1) Performance Standards which set the service level for each public facility which must be maintained at all times as growth occurs. 2) Citywide buildout projections based on a methodology that incorporates all recently-approved land use controls. 3) Compilation of all available information regarding public facility needs. 4) Data base and informational system which will allow the City to review Local Facility Management Plans. 5) Guidelines for preparing a Local Facility Management Plan. What's Next After the Citywide Facilities and Improvements Plan is adopted by the City Council (September, 1986), Local Facility Management Plans can be submitted. After a Local Plan is approved, then individual development projects located within that particular portion of the City can be submitted. At that time, the individual project would be analyzed for compliance with both the Citywide Plan and the Local Plan. STONE & YOUNGBERG i, PACIFIC STOCK EXC.HANGL September 26, 1986 Mrs. Ann 0. Kulchin Council member City of Carlsbad 1200 Elm Avenue Carlsbad, CA 92008 Dear Mrs. Kulchin: As a follow up to my letter of September 15, 1986, I would like to outline how the public facilities (roads, bridges, interchanges, parks, libraries, etc.), which I am told is presently deficient in the City of Carlsbad, can be financed and brought up to meet proper City standards. This assumes that the 500-home limitation will not be successful at the November election. With the City's control!ed-growth plan in place, sufficient funds can then be projected to correct these deficiencies. The most equitable and efficient way to pay for infrastructure improvements is through the creation of assessment districts. Existing property throughout the City not receiving direct benefit will not be assessed. The improvements are financed at an attractive rate because the bonds are tax free and are paid back over a 15-20 year period of time. Security for repayment is the property itself and is not a debt of the City. The needed improvements are built before the development occurs thus solving upfront traffic flow and congestion problems. Since 1915, the benefit assessment district procedure has been reviewed and analyzed over and over, again and again. To date, there has been no procedure, concept, or set of circumstances instituted that improves on this fair and logical method of providing needed improvements in a growing commu- nity. Those who would suggest that the City has extreme liability or who would predict other dire consequences by using this type financing are simply misinformed. The history of successful benefit assessment financing in the State of California over the past 50 years certainly confirms this position. Stone & Youngberg has been the leader in this financing since 1931 and to date has found no other means as successful or as equitable in providing needed public facilities as the procedure described herein. Sincerely yours, STONE & YOUNGBERG Robert L. Anderson RLA:nr cc: Frank Aleshire STONE & YOUNGBERG MEMBERS: PACIFIC STOCK EXCHANGE September 15, 1986 Mrs. Ann J. Kulchin Councilmember City of Carlsbad 1200 Elm Avenue Carlsbad, CA 92008 Dear Mrs. Kulchin: It is my understanding of the City's Controlled Growth Ordinance that the City has been divided into 25 development zones and that each of these zones must make financial provisions to provide for all the public facilities before development may occur within the zone. It would therefore appear that each zone would need a separate assessment district bond issue to satisfy the City's requirement. Naturally, some of the benefits would overlap zones, but this could be worked out. A matter that appears to have no solution, however, is the proposed 500-home per year limitation on building. Should this limitation be imposed, it would be difficult to determine who gets those building permits. If the City decides to divide the 500 permits equally, no project would get sufficient permits to service any sizeable infrastructure debt. Also, land values would be reduced to reflect the 500-unit limitation. This combination would, in our opinion, make assessment debt financing virtually impossible. We are very interested in the City of Carlsbad and the potential for it continuing to be a model city. We would be available to work with you or the City in any way to assist on developing a controlled-growth plan. However, I must restate that the proposed 500-unit moratorium would, in our opinion, make it impossible to market any quantity of bonds that rely on development revenue as a source for their repayment. Sincerely, STONE & YOUNGBERG Robert L. Anderson RLA:nr cc: Mr. Frank Aleshire, City Manager 1127 WALL STREET • P.O. BOX 1024 • LA JOLLA, CALIFORNIA 92038 • (714) 454-9081 L/(/r.,,J/-