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Valuation of the 1704 ECR Public Benefit Bonus

From: domainremoved <Peter>
Date: Wed, 26 Jun 2019 06:04:30 -0700

Dear Commissioners,
  IF TOT becomes a Council approved justification for the award of a Public Benefit Bonus then how the amount of that TOT is calculated is important.


 Since Public Benefit bonus grants an increase in the FAR from the allowed base level FAR then I believe that only the increased revenue from that increase from the base level can be used to justify the PPB.

If the developer built a base level FAR hotel the city would get TOT on about 50 rooms therefore the PPB only increases the city’s revenue by the TOT on 20 rooms.

Peter Carpenter
140 Forest Lane
Received on Wed Jun 26 2019 - 05:58:33 PDT

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