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Greenheart term sheet

From: domainremoved <John>
Date: Tue, 13 Sep 2016 21:01:01 +0000 (UTC)

    Dear Council members:
The draft Greenheart term sheet should be considered a framework, with its many parameters open to further negotiation and debate.  Following are three considerations:
-  I'm unsure about the dog park as a significant benefit given the location. Greenheart is to be thanked for including this property as publically accessible, but do not count the developed land value of this plot as the benefit value. Consider how much the city would be actually willing to pay for that dog park, if anything, as the benefit value to be tallied up in the negotiation.     
- An ambiguous piece of the Greenheart project is the nature of the retail to go on El Camino and Oak Grove.  Council should look at ways to ensure the placement and types of retail are ones useful for residents and consumers, and likely to generate foot traffic and interest; it's not just counting dollars in sales tax revenue, which will follow good planning in terms of type of retail, quality and quantity. 
- The open interior space inside the offices are, as I recall, mostly segregated from the residences. That interior area, while public, is not obviously a draw as 'open space' after working hours, so the latter as public benefit is also somewhat unclear.  Making that interior space actively work with retail at all hours should be a major goal.   
- The roughly $2M public benefit payment is a good start - but it falls short of the 50% benefit goal discussed for the new General Plan benefits. Council needs to push for a larger amount, especially with the upcoming planning for a Middle Avenue bike/pedestrain underpass and a Downtown parking structure.  Look at the estimates of value created by the project and discuss a 50% split.    

Thanks very much and good luck! 
John Kadvany / College Avenue 
Received on Tue Sep 13 2016 - 14:07:06 PDT

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