CC 07-16-2024 Item No. 10. Vallco Rise SB 35 Project BMR and Planning Fee Waivers_Staff PresentationJuly 16, 2024
Vallco/Rise SB 35 Project
BMR and Planning Fee Waivers
CC 07-16-2024 Item No. 10
Settlement Agreement Benefits
●$10.3 MM in transportation impact fees
●$32 MM in benefit payments
●$500,000 contribution to long-range planning efforts
●Approx. 9.6 acres of public parkland and public and
private open space
Fee Waivers Requested
●BMR Fee: waiver of non-residential BMR impact fee
requested based on provision of 890 onsite affordable
housing units
●“Long-Range Planning” Fee: waiver of fee requested,
with provision for in lieu payments toward Stevens
Creek corridor/Vallco area planning efforts
Recommended Action
●Adopt Resolution No. 24-077 waiving BMR and
Planning Fees for the Vallco/Rise SB 35 project
Questions?