pages: TransportationCommission/2014-04-23.pdf, 3
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TransportationCommission | 2014-04-23 | 3 | Page 3 of 7 market value would be required to pay $3,000 a year plus $200 a year. She felt the tax was fairly high and she wanted to know the foundation for choosing the value. Andrew Thomas stated that the tax could be adjusted over time as they would do for any project. However, staff's challenge was balancing major operation and capital costs for Alameda Point. The easiest way to cover this heavy burden was to distribute the cost the best way possible. Commissioner Bellows replied that she understood the need to pay for operation and capital costs. However, if a resident has a $300,000 house and must pay the property tax and special TDM tax, there is no mechanism on how to cap the costs. Additionally, she found no information on how the fee was derived. Andrew Thomas replied that the amount was derived from taking the total burden that the City would expect on a residential unit and each residential unit would pay for transportation and municipal expenses. Commissioner Bellows replied so that is the gross burden for all public needs. Andrew Thomas stated yes. The annual taxes are $200 for the TDM plan and $3,000 for municipal expenses for a residential unit totaling $370,000. Commissioner Bellows replied so instead of paying a 1 percent tax, residents would pay a 2 percent tax. Additionally, she remembered that there was an issue with the structure of the school tax, which was levied differently between businesses and homes. She wondered if the issue was relevant in this case. Andrew Thomas stated that there is no legal issue because the City owns the land. Therefore, from a Planning perspective the City is the owner of the land and the City can impose certain conditions and requirements when selling the land to individuals who are aware of the proposed tax. Commissioner Bellows wondered if there would be a tax cap on the TDM plan. Andrew Thomas replied that the cap would work similar to a negotiation and the developer would agree to an assessment. He said once the special district is established, the City could reassess the area to see if the tax worked. Commissioner Bellows asked if the assessed value decreased would the rates decrease as well. Andrew Thomas said staff discussed this issue and Commissioner Bellows is correct. Commissioner Bertken asked if the document becomes part of the environmental document. Andrew Thomas replied yes, the plan becomes part of it. Commissioner Bertken referred to the number of different policies for reducing vehicle miles | TransportationCommission/2014-04-23.pdf |