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HomeMy WebLinkAbout12/17/2018 City Council - Regular Meeting Agenda Packet December 14, 2018 3:44 PM City Council Regular Meeting Agenda Page1 MAYOR Mayor Roland Velasco COUNCIL MEMBERS Marie Blankley Dion Bracco Daniel Harney Peter Leroe-Muñoz Fred Tovar Cat Tucker CITY COUNCIL AGENDA CITY OF GILROY CITY COUNCIL CHAMBERS, CITY HALL 7351 ROSANNA STREET GILROY, CA 95020 REGULAR MEETING 6:00 P.M. MONDAY, DECEMBER 17, 2018 CITY COUNCIL PACKET MATERIALS ARE AVAILABLE ONLINE AT www.cityofgilroy.org AGENDA CLOSING TIME IS 5:00 P.M. THE TUESDAY PRIOR TO THE MEETING COMMENTS BY THE PUBLIC WILL BE TAKEN ON AGENDA ITEMS BEFORE ACTION IS TAKEN BY THE CITY COUNCIL. Persons wishing to address the Coun cil are requested, but not required, to complete a Speaker’s Card located at the entrances. Public testimony is subject to reasonable regulations, including but not limited to time restrictions for each individual speaker. A minimum of 12 copies of materials should be provided to the City Clerk for distribution to the Council and Staff. Please limit your comments to 3 minutes. In compliance with the Americans with Disabilities Act, the City will make reasonable arrangements to ensure accessibility to this meeting. If you need special assistance to participate in this meeting, please contact the City Clerk a minimum of 72 hours prior to the meeting at (408) 846-0204. A sound enhancement system is also available for use in the City Council Chambers. If you challenge any planning or land use decision made at this meeting in court, you may be limited to raising only those issues you or someone else raised at the public hearing held at this meeting, or in written correspondence delivered to the City Council at, or prior to, the public hearing. Please take notice that the time within which to seek judicial review of any final administrative determination reached at this meeting is governed by Section 1094.6 of the California Code of Civil Procedure. A Closed Session may be called during this meeting pursuant to Government Code Section 54956.9 (d)(2) if a point has been reached where, in the opinion of the legislative body of the City on the advice of its legal counsel, based on existing facts and circumstanc es, there is a significant exposure to litigation against the City. Materials related to an item on this agenda submitted to the City Council after distribution of the agenda packet are available for public inspection with the agenda packet in the lobby o f Administration at City Hall, 7351 Rosanna Street during normal business hours. These materials are also available with the agenda packet on the City website at www.cityofgilroy.org subject to Staff’s ability to post the documents before the meeting. The City Council meets regularly on the first and third Monday of each month, at 6:00 p.m. If a holiday, the meeting will be rescheduled to the following Monday, with the exception of the single meeting in July which lands on the first day of the month not a holiday, Friday, Saturday or Sunday. City Council Regular Meeting Agenda 12/17/2018 Page2 KNOW YOUR RIGHTS UNDER THE GILROY OPEN GOVERNMENT ORDINANCE Government's duty is to serve the public, reaching its decisions in full view of the public. Commissions, task forces, councils and other agencies of the City exist to conduct the people's business. This ordinance assures that deliberations are conducted before the people and that City operations are open to the people's review. FOR MORE INFORMATION ON YOUR RIGHTS UNDER THE OPEN GOVERNMENT ORDINANCE, TO RECEIVE A FREE COPY OF THE ORDINANCE OR TO REPORT A VIOLATION OF THE ORDINANCE, CONTACT THE OPEN GOVERNMENT COMMISSION STAFF AT (408) 846-0204 or shawna.freels@cityofgilroy.org I. OPENING 1. Call to Order 2. Invocation 3. Roll Call 4. City Clerk's Report on Posting of the Agenda II. Public Comment on Items Not on the Agenda Please limit your comments to 3 minutes. (This portion of the meeting is reserved for persons desiring to address the Council on matters not on this agenda. The law does not permit Council action or extended discussion of any item not on the agenda except under special circumstances. If Council action is requested, the Council may place t he matter on a future agenda. Written material provided by public members for Council agenda item “public comment by Members of the Public on items not on the agenda” will be limited to 10 pages in hard copy. An unlimited amount of material may be provided electronically. (report attached) III. CEREMONIAL A. Official Canvass of the November 6, 2018 Municipal Election Results City Council Regular Meeting Agenda 12/17/2018 Page3 1. Staff Report: Shawna Freels, City Clerk 2. Public Comment 3. Possible Action: Adoption of a Resolution of the City Council of the City of Gilroy Declaring the Acceptance of the Statement of Vote and Certification of the November 6, 2018 Municipal Election. 4. Mayor’s Presentation of Plaque to Outgoing Council Member Daniel Harney and Council Member Farewell Remarks 5. Swearing In of Council Member’s Elect and Presentation of Certificates of Election 6. Adjourn Sine Die to Reception 7. Return to Open Session 8. City Council Roll Call 9. Incoming Council Member’s Remarks INTERVIEWS Interviews for Open Seats on Boards, Commissions and Committees with Terms Expired or Vacant as of December 31, 2018 V. NEW BUSINESS A. Presentation of Draft Gilroy Place-Based Economic Development Strategy by Economic & Planning Systems (EPS) 1. Staff Report: Gabriel Gonzalez, City Administrator 2. Public Comment 3. Possible Action: Receive report. ADJOURNMENT MEETINGS/EVENTS(*Meeting will be webstreamed and televised) City of Gilroy STAFF REPORT Agenda Item Title: Official Canvass of the November 6, 2018 Municipal Election Results Meeting Date: December 17, 2018 From: Gabriel Gonzalez, City Administrator Department: City Clerk Submitted By: Shawna Freels Prepared By: Shawna Freels Strategic Plan Goals ☐ Fiscal Stability ☐ Downtown Revitalization ☐ Economic Development ☐ Customer Service ☐ Enhanced Public Safety RECOMMENDATION Adoption of a Resolution of the City Council of the City of Gilroy De claring the Acceptance of the Statement of Vote and Certification of the November 6, 2018 Municipal Election. EXECUTIVE SUMMARY A general municipal election was held and conducted in the City of Gilroy on Tuesday, November 6, 2018 for the election of four members to the City Council: three full four- year terms and one partial two-year term, as required by law and the Charter of the City. The election was consolidated with the County and the results of the election have been canvassed by the Registrar of Voters, and certified by the City Clerk. The Council has before it a Resolution to accept these elections results. BACKGROUND Three seats on the City Council expire in December of 2018, and one seat with a term ending in December of 2020 was vacant, requiring an election of officers during the November general municipal election. The City consolidated election services with the 3.A Packet Pg. 4 Santa Clara County Registrar of Voters in accordance with City Charter Sections 1400 and 1402, and following all provisions of the California Elections Code with regards to the election of candidates and municipal initiative measures. The Registrar established twenty-five (25) voting precincts on November 6, 2018 for the purpose of holding the municipal election and provided all election services. The Registrar of Voters has canvassed the returns of the election and has submitted them to the City Clerk. As elections official the City Clerk has certified the canvass of the results of the November 6, 2018 election. The governing body is now required to adopt a resolution reciting the fact of the election and declaring elected the persons for whom the highest number of votes was cast for each office. The following three candidates had the highest number of votes cast in the canvass of returns for the office of City Council for full four year terms: MARIE BLANKLEY, DION BRACCO, and PETER LEROE-MUÑOZ The following candidate had the highest number of votes cast in the canvass of returns for the office of City Council for a partial two year term: CAROL MARQUES Elections Code Section 10263 (b) requires the governing body to meet at its usual place of meeting no later than the next regularly scheduled meeting following presentation of the 30-day canvass of the returns, or at a special meeting called for this purpose, to declare the results and to install the newly elected officers. CONCLUSION Staff recommends the Council adopt a Resolution accepting the certification of the November 6, 2018 election results. Attachments: 1. Resolution 2018 Election Certification 2. CERT~ election results 2018 3.A Packet Pg. 5 1 RESOLUTION NO. 2018-XX RESOLUTION NO. 2018-XX A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GILROY APPROVING AND ADOPTING THE CERTIFICATION OF THE CANVASS OF THE GENERAL MUNICIPAL ELECTION AND DECLARING RESULTS OF SAID ELECTION HELD IN THE CITY OF GILROY ON NOVEMBER 6, 2018 BE IT RESOLVED, by the City Council of the City of Gilroy, California that; WHEREAS, by order of this City Council a general municipal election was held and conducted in the City of Gilroy on Tuesday, the 6th day of November, 2018 as required by law and the Charter of said City as amended; and WHEREAS, notice of said general election was duly and legally given; voting precincts were properly established; election officers were appointed and election supplies furnished; and in all respects the election was held and conducted, and the votes cast there at received and canvassed, and the returns thereof made, determined and declared in time, form and manner as required by the Charter of said City as amended and the general laws of the State providing for and regulating municipal elections in said City; and WHEREAS, the Registrar of Voters did conduct the canvass of the returns of said municipal election and did count the vote by mail ballots cast thereat, pursuant to direction and order of the City Council of the City; and WHEREAS, said canvass was duly completed and the results thereof were certified by the City Clerk and submitted to this Council. NOW, THEREFORE, IT IS HEREBY RESOLVED AND ORDERED, as follows: 1. Said municipal election was held and conducted in the City of Gilroy, County of Santa Clara, State of California on Tuesday, November 6, 2018 in the time and in the form and manner as required by law. 2. That there were established twenty-five (25) voting precincts for the purpose of 3.A.a Packet Pg. 6 Attachment: Resolution 2018 Election Certification (1941 : Certification of Election Results) 2 RESOLUTION NO. 2018-XX holding said municipal election consisting of either regular election precincts established for holding state or county elections, or a consolidation of some or all of such precincts, as follows: CONSOLIDATED PRECINCT NO. 3951, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors. CONSOLIDATED PRECINCT NO. 3952, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors. CONSOLIDATED PRECINCT NO. 3953, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors. CONSOLIDATED PRECINCT NO. 3954, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors. CONSOLIDATED PRECINCT NO. 3955, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors. CONSOLIDATED PRECINCT NO. 3956, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors CONSOLIDATED PRECINCT NO. 3957, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors CONSOLIDATED PRECINCT NO. 3958, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors. CONSOLIDATED PRECINCT NO. 3959, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors. CONSOLIDATED PRECINCT NO. 3960, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors. CONSOLIDATED PRECINCT NO. 3962, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors. CONSOLIDATED PRECINCT NO. 3964, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors. CONSOLIDATED PRECINCT NO. 3965, comprising state and county precincts 3.A.a Packet Pg. 7 Attachment: Resolution 2018 Election Certification (1941 : Certification of Election Results) 3 RESOLUTION NO. 2018-XX designated as established by the Santa Clara County Board of Supervisors. CONSOLIDATED PRECINCT NO. 3968, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors. CONSOLIDATED PRECINCT NO. 3971, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors. CONSOLIDATED PRECINCT NO. 3972, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors. CONSOLIDATED PRECINCT NO. 3973, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors. CONSOLIDATED PRECINCT NO. 3974, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors. CONSOLIDATED PRECINCT NO. 3976, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors CONSOLIDATED PRECINCT NO. 3982, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors. CONSOLIDATED PRECINCT NO. 3984, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors. CONSOLIDATED PRECINCT NO. 3985, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors. CONSOLIDATED PRECINCT NO. 3986, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors. CONSOLIDATED PRECINCT NO. 3989, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors. CONSOLIDATED PRECINCT NO. 3992, comprising state and county precincts designated as established by the Santa Clara County Board of Supervisors. 3. The canvass of the returns of the votes cast and the counting of vote-by-mail ballots cast in said City for the Office City Council Member was duly held by the Registrar of Voters in 3.A.a Packet Pg. 8 Attachment: Resolution 2018 Election Certification (1941 : Certification of Election Results) 4 RESOLUTION NO. 2018-XX accordance with the order of the Council and in accordance with law, and the Registrar of Voters has executed a certificate of the results of such canvass, which certificate is hereto attached, as Exhibit "B" and by this reference is made a part hereof. 4. Per Elections Code Section 10262 (b), said certificate of results has been examined by the City Clerk and has been certified by her to be complete, which certification is hereto attached, as Exhibit "A" and by this reference is made a part hereof . 8. Said certificate has been examined and is hereby approved and adopted by this City Council as the official canvass of said municipal election as required by Elections Code Section 10263. 9. The whole number of votes cast in the City of Gilroy at said municipal election, including vote-by-mail votes was 17,033. 10. The names of the persons voted for, the offices for which they were voted, the number of votes received by each of said persons in each of said precincts and by vote by mail votes are shown on said Exhibit "B", attached hereto. 11. At said general municipal election held in the City of Gilroy held on November 6, 2018, the following persons were elected to the following offices: Marie Blankley was elected as member of the City Council to hold office for a term of four years, from and after Monday, December 17, 2018, and continuing until her respective successor shall qualify. Dion Bracco was elected as member of the City Council to hold office for a term of four years, from and after Monday, December 17, 2018, and continuing until his respective successor shall qualify. Peter Leroe-Muñoz was elected as member of the City Council to hold office for a term of four years, from and after Monday, December 17, 2018, and continuing until his respective successor shall qualify. Carol Marques was elected as member of the City Council to hold office for a term of two years, from and after Monday, December 17, 2018, and continuing until her respective successor 3.A.a Packet Pg. 9 Attachment: Resolution 2018 Election Certification (1941 : Certification of Election Results) 5 RESOLUTION NO. 2018-XX shall qualify. 12. The City Clerk shall make out and deliver to each of the persons elected a certificate of election, witnessed by her hand and duly authenticated. She shall also provide the constitutional oath of office to each elected official, and ask them to subscribe thereto. 13. The City Clerk shall enter this resolution in full in the minutes of this City Council as a statement of the result of said general municipal election. PASSED AND ADOPTED this 17th day of December, 2018 by the following roll call vote: AYES: COUNCILMEMBERS: NOES: COUNCILMEMBERS: ABSENT: COUNCILMEMBERS: APPROVED: Roland Velasco, Mayor ATTEST: Shawna Freels, City Clerk 3.A.a Packet Pg. 10 Attachment: Resolution 2018 Election Certification (1941 : Certification of Election Results) 3.A.b Packet Pg. 11 Attachment: CERT~ election results 2018 (1941 : Certification of Election Results) 3.A.b Packet Pg. 12 Attachment: CERT~ election results 2018 (1941 : Certification of Election Results) 3.A.b Packet Pg. 13 Attachment: CERT~ election results 2018 (1941 : Certification of Election Results) 3.A.b Packet Pg. 14 Attachment: CERT~ election results 2018 (1941 : Certification of Election Results) 3.A.b Packet Pg. 15 Attachment: CERT~ election results 2018 (1941 : Certification of Election Results) 3.A.b Packet Pg. 16 Attachment: CERT~ election results 2018 (1941 : Certification of Election Results) 3.A.b Packet Pg. 17 Attachment: CERT~ election results 2018 (1941 : Certification of Election Results) 3.A.b Packet Pg. 18 Attachment: CERT~ election results 2018 (1941 : Certification of Election Results) City of Gilroy STAFF REPORT Agenda Item Title: Interviews for Open Seats on Boards, Commissions and Committees with Terms Expired or Vacant as of December 31, 2018 Meeting Date: December 17, 2018 From: Gabriel Gonzalez, City Administrator Department: City Clerk Submitted By: Shawna Freels Prepared By: Shawna Freels Suzanne Guzzetta Strategic Plan Goals ☐ Fiscal Stability ☐ Downtown Revitalization ☐ Economic Development ☐ Customer Service ☐ Enhanced Public Safety RECOMMENDATION Interview candidates for open seats on Boards, Commissions and Committees with terms expired or vacant as of December 31, 2018. BACKGROUND The City Council opened the annual recruitment period on October 1, 2018 for a 10- week period ending December 4, 2018 to fill seats on 13 Boards, Commissions, and Committees with member terms vacant or expiring as of December 31, 2018. Additionally, seats on the Arts and Culture Commission, Community and Neighborhood Revitalization Committee, Housing Advisory Committee, and Parks and Recreation Commission were vacated by resignation during this time. T he City Council also opened a recruitment for the position of City Historian on October 15, 2018. Both recruitments were extended through December 6, 2018. At the close of the application period, the following applications have been received: 4.A Packet Pg. 19 Board/Commission # of seats open # of applications Arts & Culture Commission 1) Rev Wendy Sue Kissa 3 seats 1 Bicycle Pedestrian Commission 1) Patrick Flautt 1 seat 1 Building Board of Appeals 1 seat none Community & Neighborhood Revitalization Committee 1) Sally Armendariz * 5 seats 1 Historic Heritage Committee 1) Toby Echelberry 1 seat 1 Housing Advisory Committee 1) Reid Lerner * 2) Manny Singh 5 seats 2 Library Commission 1 seat none Open Government Commission 1) Amanda Rudeen * 2) Diana Sanchez Bentz 3) Rebecca Scheel 2 seats 3 Parks & Recreation Commission 1) Marcos Gonzalez 2) Theresa Graham 3) Robert Miller 4) Manny Singh 5) Michelle Wexler 3 seats 5 Personnel Commission 1) Linda Wieck * 2 seats 1 Physically Challenged Board of Appeals 1 seat none 4.A Packet Pg. 20 Planning Commission 1) Toby Echelberry 2) Peter Fleming 3) Tim Renggli 4) Amanda Rudeen 2 seats 4 Public Art Committee 1) Federico Saldana 1 seat 1 City Historian 1 position none * Incumbent CONCLUSION For those seats without sufficient applications the recruitment efforts will remain open. Interviews have been scheduled with the City Council at this evening’s meeting, and appointments are scheduled to take place at the January 7, 2019 regular meeting. Attachments: 1. Interview Applications 4.A Packet Pg. 21 Board/Commission # of seats open # of applications Arts & Culture Commission 3 seats 1 1) Rev Wendy Sue Kissa Bicycle Pedestrian Commission 1 seat 1 1) Patrick Flautt Building Board of Appeals 2 seats 0 n/a Community & Neighborhood Revitalization Committee 5 seats 1 1) Sally Armendariz * Historic Heritage Committee 1 seat 1 1) Toby Echelberry Housing Advisory Committee 5 seats 2 1) Reid Lerner * 2) Manny Singh Library Commission 1 seat 0 n/a Open Government Commission 2 seats 3 1) Amanda Rudeen * 2) Diana Sanchez Bentz 3) Rebecca Scheel Parks & Recreation Commission 3 seats 5 1) Marcos Gonzalez 2) Theresa Graham 3) Robert Miller 4) Manny Singh 5) Michelle Wexler Personnel Commission 2 seats 1 1) Linda Wieck * Physically Challenged Board of Appeals 1 seat 0 n/a Planning Commission 2 seats 4 1) Toby Echelberry 2) Peter Fleming 3) Tim Renggli 4) Amanda Rudeen Public Art Committee 1 seat 1 1) Federico Saldana 4.A.a Packet Pg. 22 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) Page 1 of 1 6/2/2018 8:00 City of Gilroy Application for Board, Committee and Commission Appointment Board /Committee /Commission of Interest: Arts & Culture Commission Name: Rev Wendy Sue Kissa Phone number(s): email address *: Are you a registered voter within the City limits? Yes Physical Address* List your qualifications for this appointment: Committee Member of Simsbury Celebrates Girl Scout Troop Leader Vice President & President of PEO with planning for Cultural and Educational events There are more but these are the first things that come to mind..... List any service to the community including any prior appointments: Girl Scout Troop Leader (CA & CT) Simsbury Celebrates Committee PEO Involvement Kiwanis Gilroy Resident for past two years What are your goals while serving on this Board /Commission /Committee ?: Increase Gilroy's Involvement in the Arts Help with the existing programing going on Dream about the possibilities for Gilroy in the future Why are you the most qualified to serve on this Board /Commission /Committee? I have been involved in bringing arts to my own children and their classrooms for years. I want to see Gilroy's involvement in the arts increase as the town continues to grow. Bringing some organization and communication to the community. We live on Cape Cod during the summer and I will not be available to be interviewed until after August 7th. We live a couple of miles away from Broadway's summer home on the Cape and our children have been involved with Broadway education classes at two of the local theaters in the area. I am interested in helping in this area, I am wondering about the timing with our kids activities and and family schedule but at would least like to talk about the possibility. All Commission, Board and Committee applications are a public record Mail or email your application to: Shawna Freels, City Clerk City of Gilroy 7351 Rosanna Street, Gilroy, CA 95020 shawna.freels(a-)-ci.gilroy.ca.us The City of Gilroy accepts applications at any time and will keep them on file for one year. 4.A.a Packet Pg. 23 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) City of Gilroy Application for Board, Committee and Commission Appointment Board/Committee/Commission of Interest: Bicycle Pedestrian Commission Name: patrick flautt Phone number(s): email address*: Are you a registered voter within the City limits? Yes Physical Address*: List your qualifications for this appointment: I have served on the board of my HOA for two years in a director capacity and have a history of being involved with my community wherever I have lived. I'm currently employed with Facebook and would bring a wealth of of ideas and modern approaches to the commission. I was referred by Lionel Gonzalez for consideration of this role. List any service to the community including any prior appointments: This would be my first official role in city government. What are your goals while serving on this Board/Commission/Committee?: Goals: 1) Use social media and direct-to-citizen approaches for encouraging downtown activities aligned with walking, biking, and other forms of general recreation. 2) Create a web portal for Gilroy as a bicycle-friendly/high walk-score downtown with the primary goal as selling our downtown areas as bicycle/pedestrian friendly, with a side goal of encouraging less vehicle traffic downtown. 3) Use my experiences traveling weekly along our sidewalks and thoroughfares to call out areas needing attention and/or safety measures implemented to further align this commission's goals with that of our infrastructure. I would also like to continue the progress of this fine commission by weighing in on all open considerations currently being discussed and provide my qualified opinion as someone who is passionate about biking, scootering, and walking around our downtown areas. Why are you the most qualified to serve on this Board/Commission/Committee? My youth, intelligence, and commitment to outdoor extracurricular activities makes me a prime candidate for this commission. All Commission, Board and Committee applications are a public record Mail or email your application to: Shawna Freels, City Clerk City of Gilroy 7351 Rosanna Street, Gilroy, CA 95020 shawna.freels@ci.gilroy.ca.us The City of Gilroy accepts applications at any time and will keep them on file for one year. 11/18/2018 19:564.A.a Packet Pg. 24 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) 12/3/2018 15:56 City of Gilroy Application for Board, Committee and Commission Appointment Board/Committee/Commission of Interest: Communitv & Neighborhood Revitalization Committee Name: AUGUSTINA Sallv ARMENDARIZ Phone number(s): email address*: Are you a registered voter within the City limits? Yes Physical Address*: List your qualifications for this appointment: I HAVE BEEN ON THIS BOARD IN THE PAST. I BELIEVE IT IS VERY IMPORTANT THAT A PERSON WHO HAS KNOWLEDGE OF THE COMMUNITY AND ITS NON PROFIT AGENCIES BELONG TO THIS BOARD. FURTHER I BELIEVE THAT A PERSON THAT LIVES IN THE EAST SIDE WHO CARES ABOUT ITS RESIDENCE BE THERE TO REPRESENT THEIR INTEREST. i BELIEVE MY EXPERIENCE ALLOWS ME TO REPRESENT MY CITY IN THIS COMMISSION List any service to the community including any prior appointments: CULTURAL COMMISSION, COMMISSION OF STATUS OF WOMEN, SANTA CLARA COUNTY ELECTIONS COMMISSION, AND MANY OTHER COMMISSIONS, INCLUDING THIS COMMISSION I AM APPLYING FOR. What are your goals while serving on this Board/Commission/Committee?: TO MAKE SURE THAT FUNDS ARE APPROPRIATELY DISTRIBUTED ACCORDING TO SERVICES PROVIDED TO THE COMMUNITY IN NEED. [OR AT LEAST TRY TO]. Why are you the most qualified to serve on this Board/Commission/Committee? AGE AND KNOWLEDGE OF THE CITY OF GILROY AND ITS RESIDENTS. All Commission, Board and Committee applications are a public record Mail or email your application to: Shawna Freels, City Clerk City of Gilroy 7351 Rosanna Street, Gilroy, CA 95020 shawna.freels(a)ci.gilrov.ca.us The City of Gilroy accepts applications at any time and will keep them on file for one year. 4.A.a Packet Pg. 25 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) City of Gilroy Application for Board, Committee and Commission Appointment Board/Committee/Commission of Interest: Historic Heritage Committee Name: Toby Echelberry Phone number(s): email address*: Are you a registered voter within the City limits? Yes Physical Address*: List your qualifications for this appointment: Prior member and Chair of the Historic Heritage Committee (2015-2017), prior history photo journalist and researcher (mainly 1700s-early 1900s) for Southern California covering historical reenactments, California Missions, museums, historical events and locations. A deep passion for preserving our past for our future. List any service to the community including any prior appointments: prior member and Chair of the Historic Heritage Committee current member and Chair for the Housing Advisory Committee current Chair member of Gilroy Business and Education Committee Vice Chair High Speed Rail Station Citizen Advisory Committee Member of the Morgan Hill-Gilroy Community Working Group (CWG) for High Speed Rail Member of the Gilroy-Los Banos Technical Working Group (TWG) for High Speed Rail Member of the Gilroy Rotary Club (sit on the Scholarship Committee) prior Finance Chair for Grant Committee for Green Mountain Coffee Roasters prior volunteer coach for the YMCA prior volunteer coach for Silicon Valley Flex Academy Class of 2015 Gilroy Leadership Program What are your goals while serving on this Board/Commission/Committee?: To continue to preserve the history of our beloved city, to share and be a part of the creation and documentation of our present for our future generations. Why are you the most qualified to serve on this Board/Commission/Committee? I am brining a continued passion of support for growth and development of our city. I have been volunteering since 2011 and have more to give in order to build a better community not only for our children but hopefully our children's children. All Commission, Board and Committee applications are a public record Mail or email your application to: Shawna Freels, City Clerk City of Gilroy 7351 Rosanna Street, Gilroy, CA 95020 shawna.freels@ci.gilroy.ca.us The City of Gilroy accepts applications at any time and will keep them on file for one year. 11/11/2018 12:174.A.a Packet Pg. 26 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) 12/3/2018 14:52 City of Gilroy Application for Board, Committee and Commission Appointment Board/Committee/Commission of Interest Name: Reid Lerner Phone number(s): Housing Advisory Committee email address*: Are you a registered voter within the City limits? Yes Physical Address*: List your qualifications for this appointment: Vice -Chair / Gilroy Housing Advisory Committee 2017-2018 Architect Interior Designer Experience working on this Committee List any service to the community including any prior appointments: Past President / Gilroy Downtown Business Association Founding Board Member / Gilroy Arts Alliance Founding Board Member / Gilroy Center for the Arts What are your goals while serving on this Board/Commission/Committee?: Improve the quality and safety of housing in Gilroy. Preserve and enhance the quality and beauty of the natural environment. Why are you the most qualified to serve on this Board/Commission/Committee? Architect Interior Designer Experience working on this Committee University degree in Architecture studying housing and planning. AII Commission, Board and Committee applications are a public record Mail or email your application to: Shawna Freels, City Clerk City of Gilroy 7351 Rosanna Street, Gilroy, CA 95020 shawna.freels(a)ci.gilrov.ca.us The City of Gilroy accepts applications at any time and will keep them on file for one year. 4.A.a Packet Pg. 27 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) 12/6/2018 16:35 City of Gilroy Application for Board, Committee and Commission Appointment Board/Committee/Commission of Interest Name: MANNY SINGH Phone number(s): Housing Advisory Committee email address*: Are you a registered voter within the City limits? Yes Physical Address*: List your qualifications for this appointment: List your qualifications for this appointment: *Bachelors Degree; Business, Concentration in Finance. San Jose State University 2008. *Small business owner (multiple businesses), responsible for direct oversight of $35 million in revenue. *Direct management of over 110 employees. List any service to the community including any prior appointments: No prior appointments in city commissions. *1 am heavily involved through our Temple (Sikh Temple San Jose CA) in direct community related services. Such as: Food drive, Blanket drive, community relations, youth relations. One notable initiative that I personally spear headed was the procurement of a truck load of goods (food, water, clothing, and daily living essentials) donated through our community to help those of the 2017 Santa Rosa area fires. *Donating & sponsoring of multiple community beneficial programs. Such as Relay for life, Autism Golf Tournament, school based events where my children attend. *Multiple Wrestling Club sponsorships. *Member of Elks Lodge Gilroy CA. What are your goals while serving on this Board/Commission/Committee?: My goal serving on this commission is to continue improving the already excellent job the prior commissions have done for the community of Gilroy. I would like Gilroy to be the community in which families can safely live & enjoy local there community for generations to come. Why are you the most qualified to serve on this Board/Commission/Committee? I am most qualified to serve on this board because of few key reasons. 1. 1 am directly affected by the success of this commission as my children daily utilize the facilities this commission is in charge of. 2. 1 successfully own & operate multiple small businesses. I have a great combination of skills and experiences such as; personnel management, Fiscal Management, facilities management, negotiations, and most importantly working as a TEAM. 3. My experiences with our Sikh Temple in helping the Santa Clara County community will help me excel in this position with community of Gilroy. 4. 1 genuinely want to make a difference in our community. One step at a time. All Commission, Board and Committee applications are a public record Mail or email your application to: Shawna Freels, City Clerk City of Gilroy 7351 Rosanna Street, Gilroy, CA 95020 shawna.freels(a)ci.gilrov.ca.us The City of Gilroy accepts applications at any time and will keep them on file for one year. 4.A.a Packet Pg. 28 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) 12/3/2018 9:44 City of Gilroy Application for Board, Committee and Commission Appointment Board/Committee/Commission of Interest Name: Amanda Rudeen Phone number(s): Open Government Commission email address*: Are you a registered voter within the City limits? Yes Physical Address*: List your qualifications for this appointment: I am currently a commissioner on the Open Government Commission. List any service to the community including any prior appointments: Along with Open Government, I am also a commissioner for the Arts and Culture Commission. What are your goals while serving on this Board/Commission/Committee?: My goal would be to continue learning about and staying current with the laws that impact public records. Why are you the most qualified to serve on this Board/Commission/Committee? By being a current commissioner I have an understanding of what is required to be on this commission. All Commission, Board and Committee applications are a public record Mail or email your application to: Shawna Freels, City Clerk City of Gilroy 7351 Rosanna Street, Gilroy, CA 95020 shawna.freels(u)ci.gilrov.ca.us The City of Gilroy accepts applications at any time and will keep them on file for one year. 4.A.a Packet Pg. 29 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) SENT VIA PDF December 10, 2018 Shawna Freels, MMC City Clerk of the City of Gilroy CCAC Professional Development Director 7351 Rosanna Street Gilroy, CA. 95020 408) 846-0204 shawna.freels@cityofgilroy.org Dear Shawna: I will be on vacation from December 16 through January 20, 2019 and as such will be unavailable for the commission interviews now scheduled for December 17, 2018. If there is an alternate date or an alternate accommodation, I would appreciate you letting me know. Best regards, Diana Sanchez Bentz 4.A.a Packet Pg. 30 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) City of Gilroy Application for Board, Committee and Commission Appointment Board/Committee/Commission of Interest: Open Government Commission Name: Diana Sanchez Bentz Phone number(s): email address*: Are you a registered voter within the City limits? Yes Physical Address*: List your qualifications for this appointment: I've been a career paralegal for over 30 years in commercial financial transactions in addition to real estate transactions and litigation. Over my career, I've had the task of responding to discovery requests and I've had many continuing legal education hours covering a variety of topics but in particular, FOIA and Brown Act requirements and rules. I've been trained in document review and summarizing of same. List any service to the community including any prior appointments: I've been a long time Garlic Festival volunteer in a variety of positions, most recently with the Gilroy Chamber of Commerce. Additionally, I've been on the parent clubs of each school my son attended which included running several school fundraisers and the theater arts program. I was a board member of the local Little League for many years and was a coach as well. What are your goals while serving on this Board/Commission/Committee?: I expect to fully participate as an efficient and engaged member of the commission in the implementation of the goals of the commission. I look forward to working with other commissioners in providing fellow citizens with greater access to information they seek with the aim to provide transparency in the business of the City. I am looking forward to giving back to the city in which I've grown up. Why are you the most qualified to serve on this Board/Commission/Committee? My career and volunteer experience will serve the commission well in providing fellow citizens access to information and transparency. I believe I understand the goals of the Gilroy Open Government Ordinance and am eager to implement the rules promulgated thereunder. All Commission, Board and Committee applications are a public record Mail or email your application to: Shawna Freels, City Clerk City of Gilroy 7351 Rosanna Street, Gilroy, CA 95020 shawna.freels@ci.gilroy.ca.us The City of Gilroy accepts applications at any time and will keep them on file for one year. 12/10/2018 4:57:19 PM4.A.a Packet Pg. 31 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) Open Government Commission – (2-year terms) This five (5) member Commission is tasked with oversight in ensuring that citizens are provided with greater access to information and provided with governmental transparency by advising the City Council and staff in how to uphold Chapter 17A of the City Code, commonly known as the “Gilroy Open Government Ordinance”. The Commission develops appropriate goals and proposes necessary amendments, and acts as an appeal body for public records requests which are denied by staff. Meetings are held quarterly in Chambers at City Hall. Registered to vote in the City of Gilroy: YES List your qualifications for this appointment: I've been a long time Garlic Festival volunteer in a variety of positions, most recently with the Gilroy Chamber of Commerce. Additionally, I've been on the parent clubs of each school my son attended which included running several school fundraisers and the theater arts program. I was a board member of the local Little League for many years and was a coach as well. List any service to the community including any prior appointments: I've been a long time Garlic Festival volunteer in a variety of positions, most recently with the Gilroy Chamber of Commerce. Additionally, I've been on the parent clubs of each school my son attended which included running several school fundraisers and the theater arts program. I was a board member of the local Little League for many years and was a coach as well. What are your goals while serving on this commission: I expect to fully participate as an efficient and engaged member of the commission in the implementation of the goals of the commission. I look forward to working with other commissioners in providing fellow citizens with greater access to information they seek with the aim to provide transparency in the business of the City. I am looking forward to giving back to the city in which I've grown up. Why are you the most qualified to serve on this commission: My career and volunteer experience will serve the commission well in providing fellow citizens access to information and transparency. I believe I understand the goals of the Gilroy Open Government Ordinance and am eager to implement the rules promulgated thereunder. 4.A.a Packet Pg. 32 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) City of Gilroy Application for Board, Commission and Committee App i merttl 0 2018 ay Board /Commission/Committee of Interest: O pnj- 6:'04efOf1Ae1--1+ CO*.vv,,-r Name: )2s-beccc•- -Sc Le- e- I Phone numbers(s) / email address*: Are you a registered voter within the City limits? Yes x No Physical Address*: List your qualifications for this appointment: Pezlk5 leecf&q be"n (C')f1.1 M sji/r oZDO016 aG y/-'D e---i 6d, ZDa9 aoo 9. k- owfes -h ocl IJOI-ki? 65 -O a oo ZooB G-i,!'7 ke lersA r/o.l aoo6 . r List any service to the community including any prior appointments: Se&- 4bov-e j 4/.So l(. ri /%zi&.K I/ /K c,CihGo/ CG(,l,b-s, C4 F-ic. j?/l l J ' G/c IS U What are your goals whine serving on this Board/Commission/Committee?: 1% Cc/f/Gr0f}7G. c!/ a-5 1% 6;//vy/ C.r7 jC dri7iY/id $/GY7 / Gc'OdIC 60 ii/,CJ%rI G`7 iJr H 7//OcJ (_.-oMmiSSrGY %T/lPiZ+./S U'/G9o(. ]U Tdi cc ¢ (//•eG 7OYi 0"/ //1` Why are you the most qualified to serve on this Board/Commission/Committee?: Z / Q(, C Xi rlt S dJ l/Y/S` L r S S tI)' CCfK s GiT9c SceCGe557' ,/ 5elt( e i ( CL rsk/SS r l. e ' Z titicvty Akow) he 7CrkJi/6 au 6G/eoe YQYtS /y /rJ ' e (TGr/r/'eJ{uv 7 9 TOBCP S v All Board, Commission and Committee applications are a public record l Mail or email your application to: Shawna Freels, City Clerk City of Gilroy 7351 Rosanna Street, Gilroy, CA 95020 shawna. freels(@ci.gilrov.ca.us The City of Gilroy accepts applications at any time and will keep them on file for one year. 4.A.a Packet Pg. 33 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) 11 /28/2018 16:36 City of Gilroy Application for Board, Committee and Commission Appointment Board/Committee/Commission of Interest Name: Marcos Gonzalez Phone number(s): Parks & Recreation Commission email address*: Are you a registered voter within the City limits? Yes Physical Address*: List your qualifications for this appointment: I've worked for California Parks and Recreation Worked for the City of Gilroy in the Parks and Recreation At the present I work for Gilroy Unified School District as Groundskeeper/Irrigation technician for 23 years I"ve sat on the Board of Director for the California School Employees Association (CSEA) List any service to the community including any prior appointments: What are your goals while serving on this Board/Commission/Committee?: My goal is to see that all parks are safe and clean for everyone. Why are you the most qualified to serve on this Board/Commission/Committee? As, I mention being Board of Directors for CSEA, I know budgets, policies, and procedures. AII Commission, Board and Committee applications are a public record Mail or email your application to: Shawna Freels, City Clerk City of Gilroy 7351 Rosanna Street, Gilroy, CA 95020 shawna.freels(u)ci.gilrov.ca.us The City of Gilroy accepts applications at any time and will keep them on file for one year. 4.A.a Packet Pg. 34 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) 11 /28/2018 23:17 City of Gilroy Application for Board, Committee and Commission Appointment Board/Committee/Commission of Interest Name: Theresa Graham Phone number(s): Parks & Recreation Commission email address*: Are you a registered voter within the City limits? Yes Physical Address*: List your qualifications for this appointment: I recently retired after 28 years of teaching children from elementary to middle school, in general and special education, allowing me the opportunity to observe and listen to what interests them and how they learn. I would like to take what I know about children, both from teaching and from taking advantage of my childrens and adult P & R programs since the mid 1980s and continue to keep our community participating in activities that promote physical and social interaction with a variety of people. List any service to the community including any prior appointments: I volunteered in my children's schools and also coached girls softball and soccer when my girls were younger. My entire family was also involved in the Garlic Festival. My service was connected to the schools I taught in and involved participating and creating student activities during the school day and after hours. For example: star gazing, teaching math through cooking, supervising school dances and student council. What are your goals while serving on this Board/Commission/Committee?: I would like to see safe supervised activities for middle and high school teens as well as activities for seniors promoting healthy, social and safe activities using our parks to meet up. I would also like to introduce new ways to publicize these activities: using our schools to spread the news and social media, in addition to the "Activity Guide." Why are you the most qualified to serve on this Board/Commission/Committee? As I move into retirement, I am also transitioning into activities that keep me active, physically and mentally while investing in my community. I also have the time and energy to invest in creating them. I'm a team player and keep an open mind and actively listen to others ideas and will use these attributes to further the Parks and Recreations agenda. AII Commission, Board and Committee applications are a public record Mail or email your application to: Shawna Freels, City Clerk 4.A.a Packet Pg. 35 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) City of Gilroy 7351 Rosanna Street, Gilroy, CA 95020 shawna.freels(a)ci.ailrov.ca.us The City of Gilroy accepts applications at any time and will keep them on file for one year. 4.A.a Packet Pg. 36 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) 12/4/2018 16:22 City of Gilroy Application for Board, Committee and Commission Appointment Board/Committee/Commission of Interest Name: Robert Miller Phone number(s): Parks & Recreation Commission email address*: Are you a registered voter within the City limits? Yes Physical Address*: List your qualifications for this appointment: I have lived in Gilroy for more than 26 years and, along with my daughter who grew up and went through the public school system here, have extensively used City parks and taken part in recreation programs. My background includes extensive participation in individual and group sports and physical fitness activities, including as a basketball and tennis player on high school and college teams, a long-distance runner (completed 20 marathons), and a hiker. I was a tennis instructor for three years in the County Parks and Recreation program where I grew up in Maryland and also worked as a basketball referee in a CYO program. I am a professor of geology at San Jose State University where I teach field classes and have been a department chair, which has given me experience in dealing with a diverse group of students, faculty, and administrators, and in managing budgets. I am currently a board member for a local running club (South Valley Running Club) and volunteer for the Mt. Madonna Challenge and other local races. List any service to the community including any prior appointments: Santa Teresa Soundwall Committee Jordan Elementary School Parent Advisory Committee (1997-1998) 2020 General Plan Update Committee Hecker Pass Corridor Specific Plan Garlic Festival South Valley Running Club - Board member What are your goals while serving on this Board/Commission/Committee?: I have a strong interest in promoting City Parks and Recreation classes. From my perspective, the City does a good job in these areas, but it is important that we increase participation by residents of all ages and parts of our community, and make residents more aware of recreational opportunities. In addition to encouraging youth after -school activities, a significant goal is to increase physical activity of adults, which is important for public health. We should also be aware of changing recreational interests of our residents, and have the flexibility to react to these changes. My hope is that I can help the commission meet these goals. Why are you the most qualified to serve on this Board/Commission/Committee? I believe that my broad background and perspective, collegiality, and sincere desire to promote the mission of the Parks and Recreation Commission make me well qualified for this position. All Commission, Board and Committee applications are a public record 4.A.a Packet Pg. 37 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) Mail or email your application to: Shawna Freels, City Clerk City of Gilroy 7351 Rosanna Street, Gilroy, CA 95020 shawna.freels(a)ci.ailrov.ca.us The City of Gilroy accepts applications at any time and will keep them on file for one year. 4.A.a Packet Pg. 38 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) 12/2/2018 12:54 City of Gilroy Application for Board, Committee and Commission Appointment Board/Committee/Commission of Interest Name: MANNY SINGH Phone number(s): Parks & Recreation Commission email address*: Are you a registered voter within the City limits? Yes Physical Address*: List your qualifications for this appointment: Bachelors Degree; Business, Concentration in Finance. San Jose State University 2008. Small business owner (multiple businesses), responsible for direct oversight of $35 million in revenue. Direct management of over 110 employees. List any service to the community including any prior appointments: No prior appointments in city commissions. 1 am heavily involved through our Temple (Sikh Temple San Jose CA) in direct community related services. Such as: Food drive, Blanket drive, community relations, youth relations. One notable initiative that I personally spear headed was the procurement of a truck load of goods food, water, clothing, and daily living essentials) donated through ouir community to help those of the 2017 Santa Rosa area fires. Donating & sponsoring of multiple community beneficial programs. Such as Relay for life, Autism Golf Tournament, school based events where my children attend. Multiple Wrestling Club sponsorships. Member of Elks Lodge Gilroy CA. What are your goals while serving on this Board/Commission/Committee?: My goal serving on this commission is to continue improving the already excellent job the prior commissions have done for the community of Gilroy. I have 3 children that utilize local parks and recreation activities daily, I would like to not only improve there quality of use but also improve quality for all citizens of our community that use these facilities. I would like Gilroy to be the community in which families can safely live & enjoy local there community for generations to come. Why are you the most qualified to serve on this Board/Commission/Committee? I am most qualified to serve on this board because of few key reasons. 1. 1 am directly affected by the success of this commission as my children daily utilize the facilities this commission is in charge of. 2. 1 successfully own & operate multiple small businesses. I have a great combination of skills and experiences such as; personnel management, Fiscal Management, facilities management, negotiations, and most importantly working as a TEAM. 3. My experiences with our Sikh Temple in helping the Santa Clara County community will help me excel in this position with community of Gilroy. 4. 1 genuinely want to make a difference in our community. One step at a time. 4.A.a Packet Pg. 39 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) All Commission, Board and Committee applications are a public record Mail or email your application to: Shawna Freels, City Clerk City of Gilroy 7351 Rosanna Street, Gilroy, CA 95020 shawna.freels d( ci.ailrov.ca.us The City of Gilroy accepts applications at any time and will keep them on file for one year. 4.A.a Packet Pg. 40 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) 12/3/2018 13:39 City of Gilroy Application for Board, Committee and Commission Appointment Board/Committee/Commission of Interest Name: Michelle Wexler Phone number(s): Parks & Recreation Commission email address*: Are you a registered voter within the City limits? Yes Physical Address*: List your qualifications for this appointment: I am very interested in being a member of the Gilroy Parks and Recreation Commission. I have extensive experience researching, implementing and evaluating best practice park and recreation programming in Santa Clara County. In my current position with Santa Clara County Public Health, I developed Santa Clara County's first Park Prescription Program and successfully implemented a South County "Let's All go to the Park" Initiative. I am excited about the opportunity to share my knowledge and experience if selected to be a member of the Parks and Recreation Commission. In addition to my experience with parks and recreational programming, I have over 25 years of non-profit/government project management experience including strategic planning, budget development, community engagement and program development. My expertise includes contract management, grant writing, program evaluation and staff development and management. I have a passion for problem solving with outstanding dedication and determination to provide the highest quality solutions. My strong communication skills and ability to develop strong collaborative relationships with key stakeholders and partners would make me a strong candidate for this position. List any service to the community including any prior appointments: Past Santa Clara County Collaborative Board Member In this role I coordinated the South County Binational Health Conference 3 years (2015 thru 2018) and I coordinated the South County "Let's All go to the Park" Initiative the past 2 years 2017, 2018). Chair of the South County Nutrition and Health Committee (2014- present) Parent volunteer with Oakwood School and the BBYO Youth Group Participant on the City of San Jose Green Print Planning Update What are your goals while serving on this Board/Commission/Committee?: My goal if appointed as a Parks and Recreation Commissioner would be to ensure high quality park and recreational opportunities for all Gilroy residents. This would entail looking at qualitative and quantitative data; and talking with city staff, other Gilroy commissions, community groups, the Gilroy Unified School District, Gilroy residents and the Gilroy City Council to get feedback to make appropriate recommendations and understand priorities. 4.A.a Packet Pg. 41 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) One of my specific interest is to enhance the relationship between health clinics in South County and the physical activity opportunities provided by the Parks and Recreation Department to help address Gilroy's growing rate of diabetes and chronic disease. Another interest I have is to ensure residents are made aware of the many Gilroy parks and trails by ensuring appropriate wayfinding signage and working with the Bicycle and Pedestrian Commission to ensure there are safe routes for families to walk and bike to Gilroy parks. Why are you the most qualified to serve on this Board/Commission/Committee? As a newcomer to Gilroy, I feel I would bring a fresh perspective and new ideas to the Commission. My extensive experience implementing park and recreation initiatives, my strong analytical skills, experience developing and implementing community plans, and knowledge of government operations would make me an ideal candidate for the Parks and Recreation Commission. I am very familiar with park and recreation trends and resources which I feel would be beneficial to the City of Gilroy. I am excited for the opportunity to serve as a Parks and Recreation Commissioner and to use my skills and talents in the community I now call home. All Commission, Board and Committee applications are a public record Mail or email your application to: Shawna Freels, City Clerk City of Gilroy 7351 Rosanna Street, Gilroy, CA 95020 shawna.freels(cDci.gilrov.ca.us The City of Gilroy accepts applications at any time and will keep them on file for one year. 4.A.a Packet Pg. 42 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) City of Gilroy Application for Board, Committee and Commission Appointment Board/Committee/Commission of Interest: Personnel Commission Name: Linda Wieck Phone number(s): email address*: Are you a registered voter within the City limits? Yes Physical Address*: List your qualifications for this appointment: Have worked in the Human Resources field for over 30 years. List any service to the community including any prior appointments: Current Personnel Commissioner Founder of the Gilroy Police Foundation and Board Vice President Community Foundation of Morgan Hill (prior board member) What are your goals while serving on this Board/Commission/Committee?: To lend my expertise to the HR needs of the City. Why are you the most qualified to serve on this Board/Commission/Committee? Current commissioner All Commission, Board and Committee applications are a public record Mail or email your application to: Shawna Freels, City Clerk City of Gilroy 7351 Rosanna Street, Gilroy, CA 95020 shawna.freels@ci.gilroy.ca.us The City of Gilroy accepts applications at any time and will keep them on file for one year. 11/13/2018 12:124.A.a Packet Pg. 43 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) City of Gilroy Application for Board, Committee and Commission Appointment Board/Committee/Commission of Interest: Planning Commission Name: Toby Echelberry Phone number(s): email address*: Are you a registered voter within the City limits? Yes Physical Address*: List your qualifications for this appointment: 11 years of volunteering in our community to include being not only a member but Chair or Vice- Chair for the Housing Advisory Committee, Historic Heritage Committee, and the High Speed Rail Station Advisory Committee. I am also a member of the Class of 2015 Gilroy Leadership Program. My career background is mainly finance for over 20 years, but have been placed in charge of supply chain operations, manufacturing plant operations, inventory management systems, warehouse and logistics. List any service to the community including any prior appointments: prior member and Chair of the Historic Heritage Committee current member and Chair for the Housing Advisory Committee current Chair member of Gilroy Business and Education Committee Vice Chair High Speed Rail Station Citizen Advisory Committee Member of the Morgan Hill-Gilroy Community Working Group (CWG) for High Speed Rail Member of the Gilroy-Los Banos Technical Working Group (TWG) for High Speed Rail Member of the Gilroy Rotary Club (sit on the Scholarship Committee) prior Finance Chair for Grant Committee for Green Mountain Coffee Roasters prior volunteer coach for the YMCA prior volunteer coach for Silicon Valley Flex Academy Class of 2015 Gilroy Leadership Program What are your goals while serving on this Board/Commission/Committee?: To be a part of building a better and stringer community. I have served on the HAC for many years involved with the low income housing as well as homeless issues. I also have served on the HHC and feel the experiences I have incurred will only increase the overall goal of a smart growth for our community. Why are you the most qualified to serve on this Board/Commission/Committee? I am brining a continued passion of support for growth and development of our city. I have been volunteering since 2011 and have more to give in order to build a better community not only for our children but hopefully our children's children. All Commission, Board and Committee applications are a public record Mail or email your application to: Shawna Freels, City Clerk City of Gilroy 7351 Rosanna Street, Gilroy, CA 95020 shawna.freels@ci.gilroy.ca.us The City of Gilroy accepts applications at any time and will keep them on file for one year. 11/11/2018 12:264.A.a Packet Pg. 44 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) City of Gilroy Application for Board, Committee and Commission Appointment Board/Committee/Commission of Interest: Planning Commission Name: Peter Fleming Phone number(s): email address*: Are you a registered voter within the City limits? Yes Physical Address*: List your qualifications for this appointment: I have a great understanding of community issues. Being a local business person I have the ability to speak well with others and listen open mindedly. List any service to the community including any prior appointments: Gilroy Exchange Club Gilroy Chamber of Commerce Downtown Economic Veasibilty commitee What are your goals while serving on this Board/Commission/Committee?: To aid in the regulation and growth planning for the city of Gilroy. To review and advice the council in the highest and best decisions for our city. Make decisions openly and honestly Walk today Why are you the most qualified to serve on this Board/Commission/Committee? Local and top realtor with knowledge and understanding of the growth and needs of our community. I will work hard to advise for the good of our city All Commission, Board and Committee applications are a public record Mail or email your application to: Shawna Freels, City Clerk City of Gilroy 7351 Rosanna Street, Gilroy, CA 95020 shawna.freels@ci.gilroy.ca.us The City of Gilroy accepts applications at any time and will keep them on file for one year. 8/10/2018 12:144.A.a Packet Pg. 45 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) 12/3/2018 14:34 City of Gilroy Application for Board, Committee and Commission Appointment Board/Committee/Commission of Interest Name: Tim Renqqli Phone number(s): Planning Commission email address*: Are you a registered voter within the City limits? Yes Physical Address*: List your qualifications for this appointment: I very am interested in the direction that future developments are headed in the City of Gilroy and I want to be part of the process. I was a general contractor for 5 years so I feel that I have an eye for what a good development should look like. List any service to the community including any prior appointments: The closest I have come to community service so far in Gilroy has been my unsuccessful run for City Council. That being said we all need to start somewhere and I am hoping that I am qualified enough to serve on the Planning Commission. What are your goals while serving on this Board/Commission/Committee?: My goals while serving the planning commission are. 1. To serve my community and the City of Gilroy. 2. To help give direction to the City Council and Mayor to make decisions on planning in the City of Gilroy. 3. To be part of the process in regards to development in the City. 4. To help continue the re -development of the historic downtown, as this was my main platform for my City Council campaign. Why are you the most qualified to serve on this Board/Commission/Committee? What I did learn from my failed City Council campaign is that I still want to be part of the process and not just stand on the sidelines. I feel that the next logical step for me is to sign up for the city planning commission and serve my city in that capacity. Firstly, I am passionate about the continued re -development of the historic Downtown and want to do all that I can to help facilitate that process. I also know that future development in the city is inevitable so I believe that if we all work together as a team we can make sure that the future is bright for the community with area specific developments and designs. AII Commission, Board and Committee applications are a public record Mail or email your application to: Shawna Freels, City Clerk City of Gilroy 7351 Rosanna Street, Gilroy, CA 95020 shawna.freels(a)ci.gilrov.ca.us The City of Gilroy accepts applications at any time and will keep them on file for one year. 4.A.a Packet Pg. 46 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) Page 1 of 1 6/19/2018 1:53 City of Gilroy Application for Board, Committee and Commission Appointment Board /Committee /Commission of Interest: Planning Commission Name: Amanda Rudeen Phone number(s): email address *: Are you a registered voter within the City limits? Yes Physical Address *: List your qualifications for this appointment: I am a resident of Gilroy who has a interest in growing Gilroy's economic development. Although I do not have any experience in planning, I have attend every City Council meeting since the end of 2017 and feel I understand what the goals of the Council are in regards to growth and trying to create economic viability through commerce. List any service to the community including any prior appointments: I am currently the Chair of the Arts and Culture Commission, as well as a commissioner on the Open Government Commission. I believe I would be able to fulfill the responsibilities of the Planning Commission as well as my responsibilities with the other commissions, however if I had to make a choice I really would like to be part of the Planning Commission. What are your goals while serving on this Board /Commission /Committee ?: My goal is being a part of Gilroy's growth, and working with developers on what is best for Gilroy. Gilroy is in an interesting position of being close to Silicon Valley as well as sill being part of a rural community. I believe it's important for Gilroy to grow, but also embrace it's rural, as well as viticultural environment. The proposed agritourist development in the Hecker Pass Specific Plan area is something that could make Gilroy stand out, and I think it has the potential of helping economic development as well as expanding Gilroy's image beyond just garlic. Why are you the most qualified to serve on this Board /Commission /Committee? I feel I am most qualified for the position because I have a genuine interest in Gilroy's future. All Commission, Board and Committee applications are a public record Mail or email your application to Shawna Freels, City Clerk City of Gilroy 7351 Rosanna Street, Gilroy, CA 95020 shawna.freels(a-)-ci.gilroy.ca.us The City of Gilroy accepts applications at any time and will keep them on file for one year. 4.A.a Packet Pg. 47 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) C'N City of Gilroy Application 1Wfor Public Art Committee Appointment note: applicants will be interviewed by the Arts and Culture Commission, with recommendation to the City Council for final interview and appointment) Name* ' A t G o C- Cc i a Phone number(s)1 email address` Are you a registered voter within the City limits? Yes No Phvsical Address *: List your qualifications for this appointment: e k2c.1 . 1/!216 ? i/ r`G, i h Cs7ll i( SCt C7C C< /C6S e- i zVl ^' i t b' L = ...._..,_..._.....yYte;_._ pJCPY' c r+ s' , 0. List any service to the community including any Prior appointments:r 1 ' l2 1/D tA n I1 G r- e- l r I Cis -G cLCrh r -- T What are your goals while serving on this committee and how would you contribute to enhance the visual environment within the city and provide our residents with the opportunity to live with Public Art? T ('V O (, k 6 1 L< e 4-0. C re,-,-f-e C a w CI Why are you the most qualified to serve on this committee? tv (11 Lz S o Jvt IA Vx G r,_ _ s _%rL C, z All Committee applications are a public record. Mail or email your application to: Shawna Freels, City Cleric City of Gilroy 7351 Rosanna Street, Gilrov, CA 95020 shawna.freels((bci.ailroy.ca.us S The Citiy of Gilroy accepts applications at any time and will keep them on file for one year 4.A.a Packet Pg. 48 Attachment: Interview Applications [Revision 1] (1934 : Board and Commission Interviews) City of Gilroy STAFF REPORT Agenda Item Title: Presentation of Draft Gilroy Place-Based Economic Development Strategy by Economic & Planning Systems (EPS) Meeting Date: December 17, 2018 From: Gabriel Gonzalez, City Administrator Department: Administration Submitted By: Gabriel Gonzalez Prepared By: Gabriel Gonzalez Trevin Barber Strategic Plan Goals  Fiscal Stability  Downtown Revitalization  Economic Development  Customer Service ☐ Enhanced Public Safety RECOMMENDATION Receive report. EXECUTIVE SUMMARY The Gilroy Economic Development Corporation (GEDC) and the City of Gilroy (City) retained Economic & Planning Systems, Inc. (EPS) to take stock of past economic development and current general plan analysis to bring addition al perspective to the City of Gilroy approach toward improving its competitive position for growth and development, with an overarching goal of improving economic growth and diversity while building its revenue base for both the short and long term. In the analysis the consultant introduces concepts and ideas which are intended to stimulate discussion and look at new opportunities from a non -traditional perspective. Monday’s presentation will be an initiate high level review and there will be follow up study sessions for further discussion. 5.A Packet Pg. 49 BACKGROUND EPS has analyzed local and regional economic conditions and prevailing trends with an eye toward formulating incentives facilitating improved capture of various economic development opportunities, and to render guidance to the City as it approaches critical junctures in the form of its ongoing General Plan Update. The key purpose of the study is to evaluate available land parcels suitable for development, specifically to prepare the sites to be “shovel ready”. To that end, EPS has also analyzed prevailing market, property, and legislative conditions, with ensuing recommendations taking the form of policy and technical actions that may facilitate beneficial and sustainable development in the City over the next decade. In most cases, it should be recognized that additional evaluation and feasibility testing is imperative prior to adoption of recommended actions. In addition to evaluation of land parcels, the City had EPS prepare a separate analysis for that calls out certain sites throughout the City and considers opportunities for facilitating highest-and-best-use development. The City identified three of the City’s main commercial corridors: Monterey Street, First Street and Tenth Street. Highlights of commercial opportunities include sites within the Monterey Street, First Street and Tenth Street corridors. NEXT STEPS To reiterate the initial presentation is a high-level overview of the study and is not intended to involve significant discussion. Rather, subsequent study session with Council will be scheduled to allow Council an opportunity to discuss specifics of the report. Attachments: 1. Gilroy Placed-Based Economic Development Strategy 5.A Packet Pg. 50 Pub Gil De Prepa City Gilro Prepa Econ Dece EPS blic Rev lroy Pla evelopm ared for: of Gilroy y Economic ared by: omic & Plan ember 4, 201 #182020 view Dra ace-Ba ment S Developmen ning System 18 aft Repo sed Ec Strateg nt Corporatio ms, Inc. (EPS ort conomi y on S) c 5.A.a Packet Pg. 51 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Table of Contents 1. EXECUTIVE SUMMARY ............................................................................................ 1  Purpose of Report ..................................................................................................... 1  Introduction and Overview ......................................................................................... 1  Summary of Findings ................................................................................................ 4  2. PLACED-BASED ECONOMIC DEVELOPMENT STRATEGY CONTEXT AND DISCUSSION ....................... 9  3. REGIONAL MARKET CONTEXT .................................................................................. 20  Regional and Local Real Estate Economic Attributes .................................................... 20  Summary of Market Conditions: Practical Implications for Gilroy and Opportunity Sites .................................................................................................... 36  4. OPPORTUNITY SITES AND CORRIDORS: OPPORTUNITIES, CONSTRAINTS, AND SUGGESTED ACTIONS .......................................................................................... 40  Overview ............................................................................................................... 40  Opportunity Sites .................................................................................................... 40  Corridors ............................................................................................................... 55  Planned Land Use Alternatives Implications ................................................................ 67  Land Needs Evaluation ............................................................................................ 78  5. RECOMMENDED INCENTIVES AND NEXT STEPS .............................................................. 80  Activate East Side Commercial/Mixed-Use Districts ..................................................... 81  Maximize Appeal of Opportunity Zone ........................................................................ 90  Pursue High Priority P3 Opportunities ........................................................................ 93  Refine and Expand Capabilities and Responsibilities of the GEDC................................... 95  Next Steps ........................................................................................................... 102  Appendices: Appendix A: Gilroy Resident Worker and Industry Analysis Appendix B: Gilroy Additional Market Analytics Appendix C: Gilroy Planning Documents Appendix D: Financial Mechanisms Detail 5.A.a Packet Pg. 52 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) List of Tables Table 2-1 Comparison of Resident Workers and Earning by Industry ............................... 11 Table 2-2 Residual Land Value Analysis Comparison ..................................................... 14 Table 2-3 State of California Governor’s Office of Business and Economic Development Request for Information Summary ............................................ 17 Table 3-1 Summary of Key Industrial Market Indicators ................................................ 23 Table 3-2 Industrial Vacancy ..................................................................................... 24 Table 3-3 Industrial Average Asking Lease Rate ........................................................... 25 Table 3-4 Industrial and Commercial Asking Land Sales Prices (2 pages) ........................ 27 Table 3-5 Summary of Key Office Market Indicators ..................................................... 29 Table 3-6 Office Average Asking Lease Rate ................................................................ 30 Table 3-7 Office Vacancy ........................................................................................... 31 Table 3-8 Summary of Key Retail Market Indicators ..................................................... 33 Table 3-9 Summary of Gilroy Visitation Data ............................................................... 37 Table 4-1 Opportunity Sites Summary (2 pages) .......................................................... 41 Table 4-2 Corridor Site Summary (2 pages) ................................................................ 56 Table 4-3 Illustrative Example of Net Present Value Dynamics ....................................... 76 Table 4-4 Estimated Land Needs for Employment Uses ................................................. 79 Table 5-1 Industrial Traffic Impact Fee Comparison ...................................................... 83 Table 5-2 Future Infrastructure Investments ............................................................... 86 List of Figures Figure 3-1 Annual Sales Tax Generated by Major Group ................................................. 34 Figure 3-2 Annual Percentage of Sales Tax Revenue by Major Group ............................... 35 Figure 3-3 Gilroy Hotel Visitation Analysis .................................................................... 38 Figure 5-1 Gilroy Opportunity Zones ............................................................................ 91 Figure 5-2 Potential Gilroy Revolving Loan Fund Structure .............................................. 99 5.A.a Packet Pg. 53 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Economic & Planning Systems, Inc. (EPS) 1 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx 1. EXECUTIVE SUMMARY Purpose of Report The Gilroy Economic Development Corporation (GEDC) and the City of Gilroy (City) retained Economic & Planning Systems, Inc. (EPS) to take stock of evolving market conditions, past economic development and current General Plan analysis, and industry best practices to improve Gilroy’s competitive position for growth and development, catalyze economic growth and diversification, and build its revenue base. EPS has analyzed local and regional economic conditions and prevailing trends with an eye toward formulating incentives facilitating improved capture of various economic development opportunities and to render guidance to the City as it approaches critical junctures in the form of its ongoing General Plan Update (GPU). Prevailing market, property, and legislative conditions are evaluated, with ensuing recommendations taking the form of policy and technical actions that may facilitate beneficial and sustainable development in the City over the next decade. Additional evaluation and feasibility testing is imperative before adoption of recommended actions, which are intended for consideration and discussion as the City and the GEDC weigh options going forward. Introduction and Overview Gilroy finds itself at a critical juncture in its growth and development. With a strategic location between the Silicon Valley and Salinas, the City is in a good position to capture a diverse mix of employers and development typologies. Gilroy has an opportunity to capture select industries being pushed out of the greater San Jose and other peripheral markets. Future opportunities in this regard will be brought about by high speed rail (HSR), fuller development of the City’s tourism sector, the potential capture of research and development (R&D) and advanced manufacturing in agricultural technology and other clusters, and protection and support for the City’s coveted outlet malls. The City’s reverse commute relative to Silicon Valley relieves the pressure to offset all new jobs with additional housing, allowing Gilroy to leverage the San Jose-area labor force to a certain degree. While market preferences and the “fit” of various industries with identified site zoning, size, access, and configuration will determine the ultimate outcome, the City has the opportunity to put its “thumb on the scale” to tip the balance in its favor where circumstances dictate. This report evaluates how the City may more quickly attract investment to key areas with a range of tools, techniques, and incentives. It provides a wide-ranging assessment of factors under local control that come into play in evaluating the current trajectory of the City’s commercial land assets and key corridors. The GEDC identified 10 major sites for study, with the City adding the Monterey Street, First Street, and Tenth Street corridors for consideration. Two publicly owned sites are included: the City’s undeveloped portion of the Sports Park and the 35-acre portion of Gilroy Gardens owned by the City. This initial analysis sets the context for more detailed evaluations of development potential, development economics, and disposition/development strategies. 5.A.a Packet Pg. 54 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 2 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Previous evaluations of Gilroy’s economic development potential, including earlier analysis of downtown dynamics produced by EPS in 2006, indicate the importance of establishing the Downtown Core, as well as more peripheral development areas, as viable mixed-use nodes benefitting from the inclusion of housing where appropriate. Creating a viable sense of place has become a prevailing underpinning in terms of attracting jobs and labor force. Recent trends in innovation park and other commercial development efforts indicate that housing is an increasingly strategic use in economic development strategies. In the recent past, much press has been dedicated to the diversification of single-use business parks and other employment centers toward more dynamic mixed-use projects that reflect the preferences of today’s labor force for work environments.1 2 3 Major business parks in California have employed this strategy, including Hacienda Business Park in Pleasanton and Bishop Ranch in San Ramon.4 5 Indeed, the emerging concepts behind knowledge-driven innovation centers are now integrating residential space and amenities to achieve the placemaking attributes preferred by today’s labor force, consumers, and residents. In addition, this mix of uses improves the internal balance of trips to improve local circulation patterns and should be considered as part of a solution to overcome traffic level-of-service (LOS) deficiencies constraining future development on many vacant properties in the City. Furthermore, prevailing development economics of housing prototypes can sometimes “carry” job-generating uses in both horizontal (peripheral areas) and vertical (downtown) mixed-use formats, providing additional economic horsepower to projects and thereby facilitating the potential integration of job-generating uses. Simultaneously, stand-alone owner-user opportunities in export-based sectors such as advanced manufacturing (e.g., ag-tech) should continue to be pursued where more appropriate, as well as industrial/R&D speculative development, including industrial service providers, in combination with improved delivery of small-scale user options. By targeting and prioritizing the accommodation of export-oriented industry, bringing outside dollars into Gilroy’s local economy, fiscal benefits will accrue, particularly when employee wages and related spending are accounted for, sustaining and improving service levels in the City and providing good jobs and livable wages. Gilroy has a protective populace opposing both outward expansion and often (like many communities) infill intensification. The benefits of civic interest and participation notwithstanding, these counter-veiling philosophies present a local challenge, placing significant 1 Brass, Kevin. “Outdoor Space, Modern Food Offerings Help Energize Aging Corporate Campuses.” Urban Land. November 16, 2016. http://urbanland.uli.org/economy-markets-trends/outdoor-space- modern-food-offerings-help-energize-aging-corporate-campuses/. 2 Fitzgerald, Jay. “Developers take steps to reinvent suburban office parks.” Boston Globe. July 27, 2014. http://www.nytimes.com/2008/05/11/realestate/11wczo.html. 3 Brenner, Elsa. “Parking Space as Living Space?” New York Times. May 11, 2008. http://www.bostonglobe.com/business/2014/07/26/suburban-office-parks-turning-live-work-play- development-compete-with-cities/kYJHwumXiLKU2bFvCvhBeM/story.html. 4 http://www.bishopranch.com/about/history/. 5 http://haciendabusinesspark.com/. 5.A.a Packet Pg. 55 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 3 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx emphasis on the adaptive reuse of older districts in the quest to meet GPU jobs and housing targets. Inherent inertia must be confronted as it is difficult for property owners to sacrifice low risk, stable cash flow from operations to reposition a site, even when potential revenues from redevelopment are projected to be much higher. Depending on property owner appetite for risk, façade and streetscape improvements may be more likely than substantial increases in density in the short to medium term. This inertia may be overcome when policy, practice, and related risk factors are effectively established; with appropriate community outreach and education, it may be possible to see more acceptance of increased density in specific areas, which could help achieve GPU projections and contribute to improved economic and fiscal sustainability. Organizing for Success Gilroy has a strong long-term competitive position on the U.S. Highway (US) 101 corridor, providing continued opportunities to capture select industries being pushed out of the greater San Jose and other peripheral markets.6 Future opportunities in this regard may be brought about by HSR, fuller development of the City’s tourism sector, the potential capture of R&D and advanced manufacturing in agricultural technology and other clusters, and in particular, the protection and support of the City’s coveted outlet malls, an asset that relates strongly to the City’s opportunity sites and overall prospects for weathering the shift to online sales. Actions and policies should be enacted that move the City toward faster reaction to opportunities involving business-to-business (B2B)/point-of-sale opportunities. This should be pursued as part of the overarching strategy of improving medium- to long-term fiscal prospects through the development of business parks and innovation centers. Highly sought-after firms/operations are likely to involve owner-user transactions as opposed to leases or purchases of space from speculative developers. Owner-users tend to place certainty of time-to-market as a leading criterion over simple cost savings. While market preferences and the “fit” of various industries with identified site zoning, size, access, and configuration will determine the outcome, the City must be competitive with neighbors such as Morgan Hill who are actively implementing a full suite of incentives and policies. Gilroy must take an equally assertive approach to competing for new investment through a variety of means, as discussed in Chapter 5. Overall the most powerful incentives are those which reduce front-end cost burdens confronting developers, including transportation-related mitigation measures. Addressing such issues, as well as other regulatory/policy recommendations, will establish a path toward improving public- and private-sector outcomes by reducing the real and perceived risks of development. By rooting specific incentives in the fundamentals of real estate economics, the City has some options in terms of taking tangible steps toward the realization of jobs and tax revenue in the next decade. 6 Example export-based industries the City may be able to capture include high-tech manufacturing; distribution and warehousing; information, professional, scientific, and technical services; creative professional service; and super-regional retail. 5.A.a Packet Pg. 56 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 4 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Adapting to Headwinds As viable land remaining within the City’s Urban Growth Boundary (UGB) dwindles, proposals to pursue development and intensification of infill areas are sometimes met with resistance. Historically active uses such as transportation, logistics, and warehousing are increasingly scrutinized out of concern that valuable land would be consumed for little public return in the form of jobs and tax revenue. The City enjoys an important position in the future HSP network, though the project is easily a decade or two from operation. In the meantime, the City is rightfully concerned regarding mounting fiscal pressures such as looming pension obligations. The reality of real estate fundamentals must be balanced with fiscal imperatives and a diversity of viewpoints among its citizens. This backdrop argues strongly for a multifaceted economic development strategy that reflects the local economic context and embraces the sense of “place” needed to attract key labor force segments. By doing so, the City has an opportunity to leverage its regionally advantageous location and reputation as an amenity-rich area with a high quality of life to create an example of sustainable development capable of attracting targeted investment and setting the context for fiscal sustainability. Summary of Findings 1. Gilroy enjoys strong market fundamentals but has limited options because of inefficient land assemblies. Both owner-user and speculative projects are moving forward. Space is tight, and lease rates are improving, enabling investors to justify making a bet on Gilroy. Despite positive economic metrics, the City finds itself in a difficult market position as it is often too expensive for relatively low-technology machine shops and other small businesses, and it has yet to capture the attention of coveted high-tech operations in the recent past. Policy incentives that reduce risk or cost in the early phases of development have a good chance to catalyze beneficial development. However, as discussed below, the City’s land supply is likely not sufficient in magnitude to meet demand through the 2040 GPU horizon and is poorly organized, making it difficult to stitch together remaining transportation improvements in a cost-effective manner. 2. The Silicon Valley industrial base is being priced out and looking for relocation opportunities. Several large campus and adaptive reuse efforts occurring throughout the Silicon Valley are changing the character and composition of legacy industrial districts, effectively pricing out a large swath of smaller, locally owned operations, such as machine shops, metal working, sales-service, and other activities largely in the small business realm. These cost-sensitive users can rarely afford to pay leases tied to new construction if land values are too high, as developer returns are not sufficient to warrant inherent risk under these conditions. The local lack of supply in the form of built space is a factor that tends to push land prices higher. However, Gilroy is beginning to see new speculative multitenant investment; the lease-up performance of said projects will be a good indicator regarding the depth of this type of demand. 5.A.a Packet Pg. 57 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 5 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx 3. The City is well positioned to accommodate a variety of high-value, export-oriented industries. Agricultural technology users may have particularly good fit in Gilroy, based on the City’s mid-point location between the Silicon Valley and Salinas. Although a location between these markets would seem to be an obvious advantage, this is a fast-changing emerging cluster with many different manifestations “on the ground.” As ag-tech is a diverse sector, specific types of operations most appropriate for and offering the most benefits to the City should be targeted through the offering of City policy incentives, leaving operations requiring isolation, large amounts of lay down yard, or agricultural uses to larger development opportunities elsewhere in the greater market area. In addition, Gilroy appears to be attractive to a range of industry support firms. Like retail outlets, certain types of industry support firms also seek to locate on the periphery of major metros in locations such as Gilroy. Recently a hospital services firm leased a 100,000-plus- square-foot building in Gilroy. Other candidates include logistics and agriculture-related service providers. 4. Housing needs to be considered on the east side of US 101. There are a multitude of reasons to consider housing on a case-by-case basis to the east of US 101. Beyond diversifying options for younger workers who may not be able to afford commute costs from San Jose and other points to the north, housing provides developers with the economic strength allowing a project to “carry” other job-producing units. Policy will need to ensure that as a condition of allowing some housing where appropriate, related job- generating commercial space should be encouraged to move forward simultaneously. Past and ongoing EPS research for the State of California (State)’s Strategic Growth Council and other entities has pointed to successful mixed-use intensification strategies using leading infill housing and mixed-use projects as the key to unlocking job growth by attracting both millennials and boomers. The augmentation of local housing on the east side may relieve congestion by better balancing internal trips. Pricing would need to be sensitive to ability to pay among key wage categories. 5. Functional commercial land supply with efficient interconnections is in short supply. As discussed above, there is a dearth of viable land supply for commercial (and supporting residential) development. In the commercial realm, much of the land identified in the GPU to accommodate employment falls into the category of “underutilized” property sometimes having existing operations. While transformative infill development is critical to Gilroy’s future, it is difficult to rely on such areas as a major source of capacity because of the painstaking processes and related economics of redevelopment. In this regard, employment density assumptions in the GPU reflect typical industry assumptions but may not be appropriate, given the isolation of opportunity sites and the related difficulty associated with mitigation requirements and other factors. Additional land supply filling in the gaps between parcels should be considered with reference to transportation patterns, separation and integration of uses is specific areas to the east of US 101, and the now-known alignment of the HSR. A well-configured land supply with a revamped roster of use combinations is an important goal relative to the direction of future GPU efforts. 5.A.a Packet Pg. 58 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 6 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx 6. A citywide effort to reduce the marginal costs of transportation improvements and related policy (LOS) is warranted, even if planned realignment of State Route (SR) 152 proceeds as planned. In the case of SR 152 and Leavesley Road, new approaches to evaluating congestion are needed. The City of Mountain View was reportedly successful in working with the Santa Clara Valley Transportation Authority (VTA) to reduce allowable congestion levels at critical intersections—a similar effort needs to be made in Gilroy, at least on an interim basis, while land supply and transportation system projects are worked out over the next decade. A significant project is in the pipeline to improve SR 152 between US 101 and SR 156. The project is intended to include improvements to the US 101/SR 25 interchange south of Gilroy, the SR 152/SR 156 interchange east of Gilroy, and segments of SR 152 through the Pacheco Pass. The intent of the project is to divert regional traffic away from the severely impacted segments of SR 152 to Gilroy. These improvements should be considered in ongoing City traffic models to consider future off-site traffic improvements on the east side of US 101. 7. While the First and Tenth Street corridors recommended for intensification in the GPU are good long-term prospects, reality dictates that transformation will take time and focus should be applied to very specific nodes. As pertains to the intensification of corridors, as with other underutilized infill sites, the economics of redevelopment dictate that it is very difficult for property owners to sacrifice low risk, stable cash flow from operations to reposition a site, even when potential revenues are relatively higher. Depending on property owner appetite for risk, facade and streetscape improvements may be more likely than substantial reuse and redevelopment efforts, bringing substantial density increases in the short- to medium-term, particularly on First Street to the east of Miller Drive/Wayland Lane. 8. HSR represents a major “change agent,” influencing the planning of Monterey Street and the Tenth Street corridor. The existing Union Pacific (UP) alignment is the likely alignment for HSR. Now is the time to initiate significant rethinking of Monterey Street and related laterals to position Downtown Gilroy to capitalize on this massive future public investment. The City should open a dialogue with the HSR Authority and UP to understand status of undeveloped station area land. It should leverage the prospect of HSR to maximize the intensity and density of the surrounding district, but these efforts should be accompanied by a community education process. 9. Diversify and expand hotel and entertainment offerings, with one or more additions to Downtown being a priority, combined with key amenities. While the supply of business-oriented limited-service hotels is expanding, the Monterey Street corridor and nearby cross-streets provide candidates for a diversification of the hotel base, potentially including boutique concepts fitting well with the area’s expanding restaurant and (potentially) entertainment base. Significant large sites on the Tenth Street corridor may offer major opportunities for mixed-use housing/entertainment nodes with visitor accommodation potential, as well as other sites such as the Sports Park and Gilroy Gardens. 5.A.a Packet Pg. 59 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 7 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx 10. Protect and enhance the Gilroy Premium Outlets. Gilroy has a unique and important source of sales tax geared to visitors, making this an important component of the overall “export” economy, which also includes advanced manufacturing, major recreational amenities, and ultimately HSR. As discussed in Chapter 4, sites adjacent to the Gilroy Premium Outlets (Outlets) may be useful in expanding and diversifying the visitor experience. Importantly, the retail sales tax generated by the Outlets is a critical component of the City’s sales tax portfolio, albeit a declining one. It is important that this trend be stabilized and reversed, as the increasingly important distribution of online sales throughout the County of Santa Clara (County) is based on a pro- rata formula accounting for each city’s percentage of total County receipts. The bottom line is that any improvement in Outlet performance has a powerful compound benefit to the City’s General Fund. 11. The City has a major opportunity to capitalize on new “Opportunity Zone” legislation offering tax deferrals to investors. Opportunity Zones (OZs) are a new community development program established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low- income urban and rural communities nationwide. It is recommended that Gilroy “layer-in” a broad range of supporting land uses and financing policies in its Downtown OZ in particular to attract investment funds geared toward this opportunity. Gilroy’s strategic position and known quality of life, combined with its relatively nascent stage in overall Downtown growth and development offer excellent upside for these investors. 12. Up-front cost and time reductions accruing to developers are critical to improving the development climate, assuming land markets can be stabilized. High fees and other costs of doing business should be reduced to the extent they are under the City’s control and the recipients offer needed community benefits. Any disadvantage in this regard to competing jurisdictions peripheral to Silicon Valley, such as Morgan Hill, will result in lost market share based on reduced development feasibility among owner-users and speculative developers alike. Some key elements of this strategy are listed below:  Allocate infrastructure and public facility costs across a greater land base.  (Re)consider fee waivers and deferrals for qualifying projects.  Restore Ag mitigation in-lieu fee option.  Diversify and expand funds to augment the Transportation Impact Fund (i.e., use various mechanisms such as tax-increment financing to fund land-secured financing districts, or as a reimbursement mechanism for developer-constructed facilities).  Leverage existing tax streams as incentives with reimbursement from development impact fees.  Use available tax increment as a long-term take-out source and as a source for fee waivers/deferrals.  Use Certificates of Participation (COPs) to shorten the payback period and overall cost of financing. 5.A.a Packet Pg. 60 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 8 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx 13. A community education process is recommended to review and discuss industry best practices. It is difficult for the City to realize needed investment when it is constrained both in terms of outward expansion and interior intensification. The City of Livermore recently engaged in a series of workshops designed to educate and provide a forum for community and policy maker discussion related to the intensification of the city’s Downtown. It is recommended that the City embark on a similar process to provide examples of best practices in integrating uses, creating improved land value and fiscal returns, while improving Gilroy’s economic performance and appearance. 5.A.a Packet Pg. 61 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Econom 2. 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(EPS) 10 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx this report, any action that reduces risk results in a reduced return requirement, making it easier to afford often-overpriced land. This strategic approach allows the stronger housing economics to carry other uses in mixed-use format such as technical/innovation space, medical/other office space, industrial condos, restaurants/entertainment, retail, and other uses. A long-term sustainable economy depends on meeting several objectives simultaneously. EPS has identified several interrelated metrics in this regard: 1. Downtown core strength. The downtown core is critical as an indicator of Gilroy’s quality of place. It is an indicator of civic health, and we are seeing the regeneration of downtowns in large and small towns alike. The coming HSR station cements Gilroy’s emerging role as a regional hub as opposed to a quiet suburb. These factors support the development of housing and urban uses. The practical limits of density and the placement of key uses such as hotels, parking, and retail/restaurants need to be worked out through a carefully orchestrated community process. 2. Viable labor force. Having a viable labor force is fundamental to industry growth. Fortunately, Gilroy has a very strong asset in its well-trained workforce. Gavilan College’s Science, Technology, Engineering, and Math (STEM) programs continue to play a key role in this regard. However, occupational/wage analysis indicates that Gilroy’s workers are poorly paid compared to the Silicon Valley, as shown in Table 2-1 below.7 This may indicate participation in support/service aspects of various Silicon Valley operations, as evidenced by the presence of several such firms in Gilroy. As efforts to attract more employment-intensive and high-wage industries to Gilroy, major questions arise, such as whether millennials and boomers and other cohorts will accept Gilroy as an option to more energetic and vibrant cities to the north. Recent evidence indicates that younger cohorts are increasingly willing to move to more suburban locations for reasons of housing and other living expenses. Research from John Burns Real Estate Consulting indicates that a majority of residential growth in the 2020s and 2030s will occur in suburban cities that are able to offer urban amenities, such as plentiful restaurant, recreation, and entertainment options, walkability, public transit, school quality, and proximity to employment.8 A strong effort to revitalize downtown and policies intended to facilitate small- and medium-sized business relocation and formation are key considerations in this regard. 3. Business/customer circulation and site access. A basic element of “cluster” dynamics is businesses operate in interchangeable webs of activity related to their input and outputs. Gilroy has an opportunity to attract elements of the ag-tech cluster, which is composed of industries in clean energy, life sciences, production technology, information, and advanced manufacturing. For Gilroy to compete regionally for both R&D and administrative/support 7 See Table A-1 and Table A-2 in Appendix A for additional Gilroy workforce and industry analysis. 8 Demographic Strategies for Real Estate, 2016. John Burns Real Estate Consulting. 5.A.a Packet Pg. 63 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable 2-1City of GilroyPlace-Based Economic Development StrategyComparison of Resident Workers and Earnings by IndustryIndustryAmountPercent of TotalMedian Earnings AmountPercent of TotalMedian Earnings AmountPercent of TotalMedian EarningsAgriculture, forestry, fishing and hunting 1,235 4.8% $21,305 5,141 0.5% $21,810 382,801 2.2% $20,221Mining, quarrying, and oil and gas extraction 0 0.0% - 316 0.0% $72,819 32,196 0.2% $64,390Construction 2,210 8.7% $45,000 48,037 5.1% $40,901 1,055,791 6.0% $36,249Manufacturing 3,154 12.4% $49,907 167,776 17.9% $90,705 1,697,080 9.7% $44,933Wholesale trade 738 2.9% $46,739 20,051 2.1% $60,610 530,690 3.0% $40,275Retail trade 3,336 13.1% $19,123 86,488 9.2% $25,998 1,927,782 11.0% $23,066Transportation and warehousing 460 1.8% $56,806 21,297 2.3% $40,593 708,127 4.0% $37,951Utilities 292 1.1% $77,574 4,447 0.5% $86,869 136,884 0.8% $80,485Information 404 1.6% $38,457 44,062 4.7% $110,762 513,204 2.9% $62,282Finance and insurance 478 1.9% $74,853 26,646 2.8% $67,992 686,112 3.9% $57,376Real estate and rental and leasing 578 2.3% $40,975 19,061 2.0% $50,743 402,973 2.3% $40,345Professional, scientific, and technical services 1,465 5.8% $82,580 140,823 15.0% $100,963 1,436,433 8.2% $67,530Management of companies and enterprises 10 0.0% - 783 0.1% $94,440 12,759 0.1% $65,164Administrative and support and waste management services 1,170 4.6% $25,175 41,183 4.4% $27,498 848,770 4.8% $24,326Educational services 2,089 8.2% $44,250 73,379 7.8% $45,668 1,482,695 8.4% $40,481Health care and social assistance 2,979 11.7% $45,063 101,211 10.8% $44,587 2,192,193 12.5% $37,252Arts, entertainment, and recreation 459 1.8% $11,534 16,986 1.8% $22,085 470,330 2.7% $24,640Accommodation and food services 2,156 8.5% $14,424 58,803 6.3% $17,760 1,346,825 7.7% $16,946Other services, except public administration 1,121 4.4% $23,085 39,196 4.2% $24,393 938,247 5.3% $21,936Public administration 1,142 4.5% $83,935 22,859 2.4% $68,945 775,250 4.4% $61,853Total 25,476 100.0% $35,835 938,545 100.0% $51,693 17,577,142 100.0% $35,451industrySource: US Census Bureau, 2012-2016 ACS; EPS.CaliforniaSanta Clara CountyCity of GilroyPrepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2115.A.aPacket Pg. 64Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 12 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx functions related to the high-tech economy of the Silicon Valley, it needs a well-organized, well-designed, easily accessible land supply. These conditions do not exist in Gilroy in its major employment zones on the east side. Indeed, land use patterns in the area are confusing and disorderly and constitute a major disadvantage leading to recent poor performance even in a hot economy, as indicated by data in Chapter 3 and elsewhere in this report. Transportation connections are missing and are not feasibly constructed because of a lack of orderly and predictable subsequent development opportunities because of the current irregular configuration. Truck intensive uses need direct freeway access, while retail tenants seek safe, attractive, and logical patterns of development with good visibility to major arterials. Visitors look for a positive entry experience, as first impressions are critical. Connections between key sites (e.g., from the Outlets to Downtown to Gilroy Gardens) need to be more appealing to solidify the visitor experience. As areas such as Downtown continue to evolve and intensify, long- term parking strategies, potentially involving public-private partnerships (P3), will become critically important. 4. Competitive position in the region. Overall potentials are driven by the health of the region. Fortunately, Gilroy resides on the periphery of one of the most innovative regional economies in the world, virtually assuring that the City will always enjoy long-term structural competitive advantages relative to other cities in California. As these issues together put a “squeeze” on certain industries, based on increasing lease rates and insufficient expansion opportunities, Gilroy has an opportunity to capture major market share if it can effectively position itself. Of importance, Gilroy must simultaneously establish itself as a high quality- of-life community, while also sending signals it is open to business innovation and willing to offer incentives for projects delivering economic benefits. 5. Regulatory framework and local cost factors. To the extent a community is interested in improving its competitive position, land use policies will be updated and calibrated to accommodate market and economic conditions. This can refer both to the actual regulations and the spirit by which the rules are carried out. Gilroy should offer a flexible and agreeable disposition to the outside world, while taking steps to create a complete community, anchored by the Downtown. High fees and other costs of doing business should be reduced to the extent they are under the City’s control and the recipients offer needed community investment. Any disadvantage in this regard to competing jurisdictions peripheral to the Silicon Valley will result in lost market share based on reduced development feasibility among owner-users and speculative developers alike. To the extent possible, infrastructure costs should be distributed on a larger base than is currently possible, given the City’s land inventory. Fee waivers and deferrals should be considered for projects that offer specific benefits. There is an opportunity to put a relatively assertive incentive package together relating to the OZ designation, particularly in the Downtown area, as discussed in Chapter 5. All of the considerations cited above should be evaluated in terms of the overall risk/reward dynamic confronting developers in Gilroy. In other words, prospects for revenue generation need to be strong, while costs (especially those occurring at the early stages of a project) must be contained. While there is always a degree of risk inherent in any project, the City and the GEDC have an opportunity to lend additional certainty to the development process to improve economic development outcomes. 5.A.a Packet Pg. 65 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 13 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Three discussion items are provided below that inform prospects for opportunity sites and potential incentives. Subsequently, an updated market evaluation is provided, key sites and corridors are assessed, and suggested incentives are discussed. Discussion: The Fiscal Aspects of Housing California has lagged below needed production thresholds for all types of housing. Preferences for complete communities are becoming stronger, and the regional health of the State’s local economies depends on establishing strong urban cores. Providing both market-rate and affordable housing in the Downtown and infill context is a major challenge that has increased in difficulty for California cities since Redevelopment was abolished (never a tool used in Gilroy). Moreover, cost escalation and prospects for rising interest rates, community attitudes, and other factors continue to challenge the emergence of a variety of infill housing prototypes. Various tools and techniques can be applied to “chip away” at the difficulty of increasing infill housing production to improve quality of life and drive improved economic development outcomes. While commonly seen as a fiscal drain on cities and counties, housing and mixed-use projects serve a vital role in fiscally positive jurisdictions. Under favorable conditions, such as high value prototypes and low municipal service requirements, housing developments can generate a net fiscal surplus. Absent these conditions, housing remains a critical part of any city place-making efforts. Housing units in isolation may appear to result in a net fiscal deficit, but developing said housing in conjunction with a larger economic strategy can produce overall positive outcomes to the extent an industry or jurisdiction becomes more economically competitiveness as a result. Employers make location decisions based on labor force characteristics, as well as the desirability of a community for its workforce. Fiscally positive manufacturing industries support well-paying jobs with low barriers to entry. To attract these uses, the City must prove it can provide desirable living conditions and draw in high-quality employees. Employee housing has an additional benefit to the City in terms of infrastructure demand and maintenance expenditures. Local employee housing results in shorter commute times and reduces the impact of extended commuter trips on roadway infrastructure. A large portion of retail sales in Gilroy result from the City’s ability to capture retail sales from outside the City, including commuters and day and overnight travelers. New area residents will enter into a retail market that is primed and readily capable of capturing the disposable income of the new employed residents. Supported by trends in retail development, a strong housing market is crucial for fiscally positive retail land uses. Combined with other proposed place- making efforts, including improvements to key Downtown corridors, housing development could offer significant improvements to citywide taxable sales collections. In addition, from the standpoint of a developer, the availability of desirable housing nearby will greatly increase the financial feasibility of a project containing other high-value uses. In the case of a 40-acre industrial development project, replacing 10 acres of industrial development with single-family residential uses results in a major increase in residential land values, as shown in Table 2-2 below. This higher residual land value results in higher profit potential for developers, greatly increasing the likelihood of B2B sales–generating land uses developing as a mixed-use concept as opposed to a standalone development. 5.A.a Packet Pg. 66 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable 2-2City of GilroyPlace-Based Economic Development StrategyResidual Land Value Analysis ComparisonItemTotal SFR MFR IndustrialAssumptionResidual Land Value per Acre [1] - $2,400,000 $700,000 $200,000Density (DU/Acre or FAR) 14.0 du/ac 65.0 du/ac 0.40 FARScenario 1: Industrial OnlyPercent Mix100%0.0% 0.0% 100.0%Acres40.00.0 0.0 40.0Residual Land Value$8,000,000$0 $0 $8,000,000Scenario 2: Mixed-Use APercent Mix100%25.0% 0.0% 75.0%Acres40.010.0 0.0 30.0Residual Land Value$30,000,000$24,000,000 $0 $6,000,000Scenario 3: Mixed-Use BPercent Mix100%12.5% 12.5% 75.0%Acres40.05.0 5.0 30.0Residual Land Value$21,500,000$12,000,000 $3,500,000 $6,000,000rlv summ[1] Product residual land values based on information from various sources, including product and land sales comparisons in the South Bay and East Bay areas.Proposed Land UsePrepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2145.A.aPacket Pg. 67Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 15 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Discussion: Export-Based “Driver” Industry Job Strategy A common strategy among communities is to seek to attract “export” industries that bring outside wealth into the community, providing for improved per capita incomes, higher spending levels, and other related benefits such as improved municipal revenues. However, most communities do not enjoy strong prospects in this regard. In contrast, Gilroy finds itself in a very strong competitive position to capture significant growth and investment in this regard based on several unique circumstances:  HSR and Downtown. Gilroy has major strategic importance within the HSR network, serving as a collector from the Monterey Bay Area and the Salinas Valley, major tourist and ag-tech markets, connecting them to Silicon Valley and the Bay Area. The Downtown station area will become the gateway to attracting statewide and regional business, related labor force, and leisure travelers to its Downtown. Every effort should be made to finalize and set in motion transit-oriented development (TOD) concepts in a variety of incomes and housing prototypes throughout the Downtown to begin activating the market and the ancillary uses (e.g., Downtown grocery, hotel, etc.) that come with a viable mixed-use package. As TOD in Downtown matures, office development could be pursued, as a critical mass of skilled workers resides in high-density residential developments near the HSR station, creating a place to live, work, and play. Gilroy has an opportunity to capture professional service industries that may be priced out of the Silicon Valley (e.g., accounting firms, engineering firms) as tech giants (e.g., Facebook, Google, Adobe) are pushing plans to develop mega campuses and office projects in core Silicon Valley cities.  Tourism. Gilroy has the above-referenced opportunity to build on the Monterey Region to offer a closer-in option or component of the regional travel package. The “Gardens” area and surrounding valley have the character needed to offer a major amenity/resort geared toward accommodating a range of leisure- and recreationally oriented visitors, but both the project and the surrounding area need to be programmed carefully and strategically. The area also has the natural amenities to be a major recreational mecca (e.g., road and mountain biking, as well as other potential activities).  Export-based manufacturing. Using the Oregon City of Hillsboro as an example, it is possible to combine regional rail, major manufacturing, and a higher density and higher value mix of uses as an integrated package. Quality-of-life considerations are very important to Hillsboro’s major employers such as Nike and Intel. Similarly, Gilroy has the regional location and small-town charm to create high-amenity/high-value districts and corridors over time, anchored by property tax and B2B sales tax paid by certain basic export manufacturing entities. Sectors such as farming technology may be an excellent match with local job needs and may have good fit with certain large opportunity sites. Basic (otherwise known as “driving” or “export”) industries include several industry clusters, including high-tech and miscellaneous manufacturing, software and informational services, technical professional services, creative professional services, and visitor services. These driving industries are critical to a regional economic base because they generate product sales revenue for a range of clients, including large-scale B2B transactions; and on the technical services side, exports valuable technical services to public and private entities. 5.A.a Packet Pg. 68 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 16 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx In other communities EPS examined, these are often found in B2B sales transactions where a manufacturer is also a point of sale to another business. This has specifically been found to be a major source of municipal revenue for cities such as Davis, which have had the good fortune to capture such entities, partly based on the city’s quality of life and the labor force advantages related to an easy counter commute from several adjoining cities, because Davis, like Gilroy, is very growth-adverse. In Gilroy, large sites of land will be necessary to accommodate these types of industries. As evidenced by major project inquiries received from the Governor’s Office of Business and Economic Development (GO-Biz), typical size requirements are from 25 acres to more than 200 acres, as shown in Table 2-3. Economic development programs from other states promote a Certified Sites Program, which provides statewide inventories of industrial sites that have undergone rigorous prequalification processes to ensure sites are shovel-ready for immediate development. While California does not have great numbers of these programs, it is worth noting the criteria listed by the Tulare County Economic Development Corporation in this regard: 1. Ten or more developable acres. 2. Property boundary survey. 3. Willing seller with set asking price. 4. All utilities (water, sewer, electric power, telecommunication) at the site (or within 500ft). 5. Proven alignment with a local city, town, or county and letter or commitment from this body. 6. Topographic maps (5’ contours minimum). 7. No environmental liabilities (documentation regarding Phase I ESA; Clean Water Act; 100-year assured water supply: endangered species reviews; geotechnical report; air quality designation). 8. Outside known flood-prone areas or remediation complete. 9. Permitting process, timeline, and fees clearly documented. 10. Public, dedicated road access. 11. Industrial/office (no retail) zoning or expedited rezoning plan.9 12. Site physically toured and reviewed and report of comprehensive site information. 9 It should be noted the zoning aspect of this criterion may not be relevant or desirable because of evolving user preferences and local context. 5.A.a Packet Pg. 69 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable 2-3City of GilroyPlace-Based Economic Development StrategyState of California Governor's Office of Business and Economic Development Request for Information (RFI) SummaryItemDescriptionManufac. Warehouse Office TotalProject 1Phase I250 380,000 100,000 20,000500,000375 $250,000,000- - - - - Phase II150 845,000 110,000 45,000 1,000,000 1,625 $300,000,000- - - - - TotalAdvanced manufacturing400 1,225,000 210,000 65,0001,500,000 2,000 $550,000,00045 miles Adjacent N/A Yes 30 ft. N/A Project 2Consumer paper product designer/distributorN/A 0 27,000 3,00030,00031 $6,000,000 20 miles 10 miles 200 miles No 24 ft. N/A Project 3Manufacturer20 N/A N/A N/A 385,000115 $30,000,000N/A 20 miles N/A N/A 30 ft. 450Project 4Min13 662,000 33,000 55,000750,000920 $25,000,000 20 miles 5 miles 30 miles N/A 27 ft. 400Max Solar panel manufacturer24 1,312,000 33,000 55,0001,400,0001,266 $280,000,000 20 miles 5 miles 30 miles N/A 27 ft. 1,000Project 5Electric vehicle sales/distribution50 5,000 3,0008,00010N/A 20 miles 5 miles 10-20 miles No 20 ft. 50Project 6Phase 1N/A 0 75,000 25,000 100,000100N/A - - - - - Phase 2N/A 0 75,000 25,000 100,000100N/A - - - - - TotalElectric truck/bus manufacturerN/A 0 150,000 50,000 200,000200N/A 50 miles 50 miles N/A No 19 ft. N/A Project 7Solar panel manufacturerN/A 0 265,000 0265,000600 $120,000,000N/A N/A "Close" N/A 22 ft. N/A Project 8Scenario 1 Solar panel manufacturer150 N/A N/A N/A N/A 2,100 $1,300,000,000- - - - - - Scenario 2 Solar ingot and solar wafer manfac.250 N/A N/A N/A N/A 3,500 $1,900,000,000- - - - - - CombinedCombined400N/A N/A N/A N/A 5,600 $3,200,000,000N/A Adjacent N/A N/A N/A N/A Project 9Distribution facility5 125,0000 0125,000150N/A N/A N/A N/A N/A 30 ft. 120gobizSource: California Governor's Office of Business and Economic Development; Cushman & Wakefield.[1] Project 4 manufacturing consists of the following components: Minimum: 442,000 square feet production and 220,000 square feet clean room. In addition, requires approximately 6,500 square feet for a laboratory. Maximum: 822,000 square feet production and 490,000 square feet clean room. In addition, requires approximately 6,500 square feet for a laboratory.ParkingSpacesFacility Size (Sq. Ft.)Minimum Site AcreageEstimatedNo. ofEmployeesEstimatedInvestmentOther RequirementsDistance toCom'l AirportDistance toInterstateDistance toDeep WaterPortFreight RailServiceMini. Bldg.CeilingHeightPrepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2175.A.aPacket Pg. 70Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 18 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx These criteria provide a good overall summary of attractive attributes from an investor standpoint. Creation of Non-Retail Sales and Use Tax through Export-Based Development Industrial manufacturing businesses can result in significant taxable sales generation for a city. B2B sales, including sales such as those involving a manufacturer and wholesaler or a wholesaler and a retailer, are a largely untapped source of taxable sales generation in the City. The City is uniquely positioned to capitalize on this market because of their readily available labor force and proximity to San Jose and the greater Silicon Valley. Across the State, only 70 percent of all taxable sales are made up of retail sales, with 30 percent composed of B2B and other taxable sales categories. For Gilroy, the percentage of taxable sales resulting from non-retail purchases drops to 10 percent.10 This is a result of high retail capture rates in the City and a lack of manufacturing uses. Increasing the amount of manufacturing uses in the City could generate significant additional B2B taxable sales without impeding the existing retail sales dynamic. While the City has some existing food manufacturing uses, there is great potential to increase B2B sales through the development of technical and other manufacturing uses. Based on EPS research, manufacturing industrial uses could generate between $50 and $200 per square foot of taxable sales annually. By comparison, existing industrial uses in the City generate far less, based on evaluations of other cities such as Davis.11 The City is conveniently located near many high-tech companies in the Silicon Valley and could capture machinery and instrument manufacturing companies looking to service the high-tech companies in the surrounding area while capitalizing on the available space and lower rents of Gilroy. Further, Gilroy has a readily available labor force that could, with some initial technical training, support the expansion of manufacturing industries. Industry best practices in manufacturing companies have been shifting over the past several years. In recent years, the gap between manufacturing and service companies has been shrinking, with many manufacturing companies opting to expand away from traditional manufacturing-only models and include an element of service and maintenance to their clients. This combined service and manufacturing model is conducive to increased B2B sales potential and provides stability to an industry that often sees a sizable decline in uncertain economic times.12 It is worth noting that average annual wages in the City for manufacturing uses are significantly lower than the countywide average and average wages experienced in the City of San Jose. On average, wages for a Gilroy-based employee are 56 percent of the countywide average. With the availability of an affordable and strong labor force and the proximity of many potential clients, the City is in excellent position to attract high-value manufacturing assets if land development issues can be resolved. 10 Based on Applied Development Economics, Inc. (ADE)’s retail market outlook. 11 Based on actual 2014 sales tax generation data compiled on the Second Street Corridor and Interland University Research Park located in the City of Davis. 12 Based on the article, “Creating Value for Machinery Companies Through Services” by the Boston Consulting Group, dated May 2014. 5.A.a Packet Pg. 71 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 19 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx If land development costs and risks can be addressed, there is evidence that the City can continue attracting major investment. The share of taxable sales in the City generated by export-driven industries has been growing. Analyzing taxable sales generated in the 4th quarter, the strongest performing quarter for retail sales generation, industrial uses made up of heavy and light industrial and food processing equipment have increased their share of all sales in the City. In 2017, these uses generated more than $516,000 in sales tax. With the City’s high potential for success in export-driven industries, this critical revenue source has remarkable growth potential. The following chapter builds on this context to provide an updated market evaluation, facilitating evaluation of development opportunities and related incentives in ensuing chapters. City of Gilroy City of San Jose Santa Clara County Average Wage Per Employee $51,075 $78,514 $90,801 County Wage Location Quotient 0.56 0.86 N/A Average Value per Establishment $9,238,056 $16,862,848 $17,379,710 Manufacturing Industry Snapshot 5.A.a Packet Pg. 72 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Economic & Planning Systems, Inc. (EPS) 20 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx 3. REGIONAL MARKET CONTEXT The Silicon Valley and the greater Bay Area remain a hotbed of innovation and entrepreneurism. In 2016, nearly half of all patent registrations in California originated in the Silicon Valley. The Silicon Valley’s share of California patent registrations has been between 45 and 50 percent every year since 2000. The greatest share of Silicon Valley patent registrations has been attributed to the following technology areas: computers, data processing, and information storage; communications; electricity and heating/cooling; and health. Furthermore, the Silicon Valley and San Francisco hold a majority share of California’s venture capital investment, boasting a 78.3-percent share in 2017. However, a snapshot of Silicon Valley initial public offerings (IPO) may indicate a non- diverse atmosphere as 89 percent of IPOs were in the technology industry and the balance was held in the health care industry. A look at all IPOs entering the US Stock Exchange in 2017 reflects a more diverse set of industries, including health care, technology, financials, energy, consumer discretionary, and industrials.13 Research prepared by Joint Venture Silicon Valley indicates that overall employment in the Silicon Valley has increased 27 percent from 2010 to 2017. Key growth has occurred in what is reported in the 2018 Silicon Valley Index in Innovation and Information Products & Services.14 However, growth in Other Manufacturing15 has remained stagnant during the same period. The Silicon Valley’s overall unemployment rate was 2.5 percent in November 2017, which is significantly lower than prerecession levels, whereas between 2006 and 2007, unemployment rates for the Silicon Valley were approximately 4 percent. In contrast, Silicon Valley unemployment levels topped 10 percent between 2009 and 2010. In comparison, the United States unemployment rate as of November 2017 was 3.9 percent, and the California unemployment rate was 3.9 percent. Regional and Local Real Estate Economic Attributes The Silicon Valley’s workforce success is beginning to play a significant role on commercial real estate in the region for the next few years. As mentioned earlier, Silicon Valley unemployment rates are below 3 percent. Jobs-serving real estate, especially in the office, R&D, industrial, and warehouse markets, is becoming extremely limited in supply and is experiencing skyrocketing asking lease rates over the past couple years. The real estate market is finally reacting to this 13 2018 Silicon Valley Index, Joint Venture Silicon Valley. 14 Innovation and Information Products & Services includes the following subindustries: computer hardware design and manufacturing, semiconductors and related equipment manufacturing, internet and information services, technical R&D (includes life sciences), software, and telecommunications manufacturing and services. 15 Other Manufacturing includes the following subindustries: primary and fabricated metal manufacturing, machinery and related equipment manufacturing, other manufacturing, and transportation manufacturing including aerospace and defense. 5.A.a Packet Pg. 73 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 21 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx pent-up demand, and as of 2018 Q1, there is a total of 6.1 million square feet of commercial uses under construction in the Silicon Valley, as reported by Colliers International.16 Of note, tech giants including Facebook, Amazon, and Adobe are committing to the Silicon Valley with commitments to build or lease new construction projects in core San Jose submarkets. In early 2018, the 1.8-million-square-foot Moffett Towers II project in Sunnyvale was completely leased. Facebook comprised 1.1 million square feet, and Amazon closed the remaining 700,000 square feet. In addition, Adobe has purchased a 2.5-acre property near the Diridon Station to complete a 700,000-square-foot office building. The effects of excessive real estate demand are not limited to office users. R&D, industrial, and warehouse uses are equally experiencing the crunch of the Silicon Valley’s economic successes, affecting manufacturers, back end users, and distributors. The sections below further detail the current conditions and recent real estate activity among jobs-generating sectors in the region and in Gilroy. Industrial/Warehouse/R&D The industrial, warehouse, and R&D markets are thriving in the Silicon Valley. The real estate 3 pillars of export production—manufacturing, warehousing/distribution, and design—are all experiencing effects created by rapid absorption over the past few years. Vacancy rates among these sectors are at historical lows; meanwhile, lease rates are exceeding historical highs. Cushman & Wakefield report that the remaining leasable industrial space in the Silicon Valley is functionally obsolete to handle the power demands and space configurations of today’s high-tech manufacturing.17 The need for new space to continue the Silicon Valley’s high level of production is materializing as 2.4 million square feet of new industrial space (inclusive of manufacturing, warehousing, and R&D) is under construction. New speculative development is concentrated in Milpitas and Fremont in the form of new manufacturing and warehousing space. The state of the industrial market in Gilroy, as interpreted by conversations with real estate professionals with experience in Gilroy and review of real estate market analytics is further described below. Costar reports on industrial and flex leasing activity from September 2016 through September 2018 indicates a tremendous lease deal with the Compass Group, a support services company that delivers foodservice management to academic, healthcare, sports and entertainment, and vending sectors. As of September 2018, job search company Indeed indicates Gilroy Compass Group vacancies for machine and equipment mechanics, laundry plant workers, dishwashers, and Class A drivers. Other lease transactions demonstrate a healthy environment for production, manufacturing, and support service users as indicated by newly executed leases for an 16 Research & Forecast Report: San Jose | Silicon Valley, Q1 2018, Colliers International. 17 Silicon Valley Industrial Q1 2018 Marketbeat, Cushman & Wakefield. Reported Number of Leases 29 Low Square Footage 600 High Square Footage 102,466 Mean Square Footage (Rounded) 10,400 Average Months on Market 3 Average Months Vacant 4 September 1, 2016 - September 1, 2018 Gilroy Industrial and Flex Leasing Activity 5.A.a Packet Pg. 74 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 22 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx architectural metal fabricator and wholesaler, a wholesale bakery, an industrial blade producer, and a food processor and producer. Furthermore, Gilroy is experiencing multitenant speculative development, as well as significant owner-user development. These are healthy indicators for the City. In contrast, owner-user– driven development tends to focus almost exclusively on Gilroy’s industry position among key inputs, such as labor force, land supply, adjacency to buyers/suppliers, and other such critical inputs and outputs. Examples include UNFI, opened in 2016, and Performance Foods, anticipated to operate by 2020. Speculative development is conducted by developers willing to “bet” that market conditions among relevant industries are strong enough to support the development of vertical space accommodating a wide range of users, medium and small, that are looking to lease in Gilroy. Typical users are those being squeezed out of more expensive adjoining markets such as San Jose and Fremont. EPS evaluated the market indicators for the industrial real estate sector for Gilroy, Gilroy and Morgan Hill combined, the San Jose industrial market,18 and the Salinas industrial market.19 Table 3-1 indicates that the industrial market in Gilroy and the greater San Jose market is becoming increasingly thin, evidenced by extremely low vacancy rates and average asking lease rates that are at a 10-year high, as of 2018 Q1. The reported low vacancy rates and climbing asking lease rates would indicate desirability for new development. As mentioned above, Gilroy has landed 2 high profile industrial projects, with UNFI opening a 450,000-square-foot warehouse in 2016, and Performance Foods anticipated to open a 195,000-square-foot facility in 2019. Further evaluation of industrial market indicators is provided below. Trends among industrial vacancy and lease rates for all areas indicate potential need for new space. Vacancies for Gilroy, Gilroy/Morgan Hill, and the San Jose industrial market are all below 2 percent, and vacancy rates for the Salinas industrial market are below 5 percent, as shown in Table 3-2. Meanwhile, average asking lease rates are increasing at startling rates in Gilroy, Gilroy/Morgan Hill, and the San Jose market, having more than doubled in Gilroy since 2008. As shown in Table 3-3, there has been a dramatic increase in industrial lease rates for the aforementioned areas since 2014. This evidence suggests that industrial expansion in these market areas is in trouble as viable space is becoming extremely limited. However, these market influences may catalyze new speculative development for producers and distributors who need technically adequate space. 18 Consists of the County and San Benito County. 19 Comprises Monterey County. 5.A.a Packet Pg. 75 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable 3-1City of GilroyPlace-Based Economic Development StrategySummary of Key Industrial Market IndicatorsMarket2008 Q1 2018 Q1 Difference 2018 Q1Average (2008-2018) 2008 Q1 2018 Q1 DifferencePercent Change (2008-2018)Avg. Annual % Change (2008-2018)2008-2012 2013-2017 2008-2017 2008-2012 2013-2017 2008-2017Gilroy5,140,475 5,174,975 34,500 0.7% 6.2% $5.13 $11.42 $6.29 122.6% 8.3% (15,688) 56,024 20,168 13,714 90,000 51,857Gilroy/Morgan Hill8,328,975 8,371,694 42,719 1.1% 4.9% $6.08 $11.94 $5.86 96.4% 7.0% 26,264 58,708 42,486 20,383 90,600 55,492San Jose Market96,324,915 94,071,792 (2,253,123) 1.4% 4.2% $7.73 $12.58 $4.85 62.7% 5.0% (1,437,594) 32,519 (702,537) 88,654 273,789 181,222Salinas Market 20,251,995 20,453,238 201,243 4.5% 6.4% $11.18 $5.08 ($6.10) (54.6%) 0.0% (56,569) 149,535 46,483 17,845 19,704 18,774ind summSource: CoStar, data retrieved May 15, 2018; EPS.Inventory Vacancy PercentageAverage AnnualNet AbsorptionAverage AnnualDelivered Sq. Ft.Industrial —SummaryAverage Annual Lease RatesPrepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2235.A.aPacket Pg. 76Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable 3-2City of GilroyPlace-Based Economic Development StrategyIndustrial VacancyMarketAmount Percent Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent Amount PercentGilroy328,028 6.4% 383,478 7.4% 370,4697.2% 395,266 7.6% 315,550 6.1% 428,635 8.3% 587,528 11.4% 353,879 6.8% 306,096 5.9% 45,261 0.9% 35,818 0.7% 322,7286.2%Gilroy/Morgan Hill585,620 7.0% 435,748 5.2% 426,464 5.1% 551,555 6.6% 366,435 4.4%521,795 6.2% 768,378 9.2% 408,572 4.9% 315,096 3.8% 55,9410.7% 93,896 1.1% 411,773 4.9%San Jose Market4,014,583 4.2% 5,449,403 5.7% 6,627,932 6.9% 5,334,614 5.6% 4,214,651 4.4% 4,540,564 4.8% 4,037,014 4.3% 3,615,234 3.9% 2,210,446 2.4% 2,037,643 2.2% 1,359,392 1.4% 3,949,225 4.2%Salinas Market 1,239,507 6.1% 1,159,5045.7% 2,093,219 10.3% 1,762,531 8.7% 1,809,150 8.9% 1,510,451 7.4% 1,139,692 5.6% 1,065,903 5.2%828,695 4.1% 753,072 3.7%919,561 4.5% 1,298,299 6.4%ind vacSource: CoStar, data retrieved May 15, 2018; EPS.Industrial —Vacancy2008 Q1 2009 Q1 2010 Q1Average (2008-2018)2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q10.0%2.0%4.0%6.0%8.0%10.0%12.0%2008 Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1Industrial Vacancy RateGilroyGilroy/Morgan HillSan Jose MarketSalinas MarketPrepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2245.A.aPacket Pg. 77Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable 3-3City of GilroyPlace-Based Economic Development StrategyIndustrial Average Asking Lease Rate (Per Leaseable Sq. Ft.) [1]Avg. AnnualMarket 2008 Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1Amount Percent% ChangeGilroyAnnual$5.13 $5.06 $4.92 $5.78 $5.77 $4.81 $5.22$5.09 $8.17 $7.50 $11.42 $6.29 122.6%8.3%Monthly$0.43 $0.42 $0.41 $0.48 $0.48 $0.40 $0.44 $0.42 $0.68 $0.63 $0.95 $0.52 - - Gilroy/Morgan HillAnnual$6.08 $6.62 $6.43 $5.81 $6.38 $5.16 $5.66 $5.66 $8.80 $8.44 $11.94 $5.86 96.4%7.0%Monthly$0.51 $0.55 $0.54 $0.48 $0.53 $0.43 $0.47 $0.47 $0.73 $0.70 $1.00 $0.49 - - San Jose MarketAnnual$7.73 $7.58 $7.08 $6.95 $7.27 $7.34 $7.67 $8.95 $10.31 $12.67 $12.58 $4.85 62.7%5.0%Monthly$0.64 $0.63 $0.59 $0.58 $0.61 $0.61 $0.64 $0.75 $0.86 $1.06 $1.05 $0.40 - - Salinas Market Annual$11.18 $9.20 $4.81 $4.65 $4.33 $4.53 $4.49 $5.36 $3.90 $3.64 $5.08 ($6.10) (54.6%) (7.6%)Monthly$0.93 $0.77 $0.40 $0.39 $0.36 $0.38$0.37 $0.45 $0.33 $0.30 $0.42 ($0.51) - - ind ls rtSource: CoStar, data retrieved May 15, 2018; EPS.[1] Lease rates reflect Triple Net Rent for the identified market.Industrial —Average AskingLease RateChange (2008-2018)$0.00$2.00$4.00$6.00$8.00$10.00$12.00$14.002008 Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1Average Annual Lease Rate per Sq. Ft.GilroyGilroy/Morgan HillSan Jose MarketSalinas MarketPrepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2255.A.aPacket Pg. 78Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 26 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Gilroy’s position on the periphery of the Silicon Valley is a fundamental asset for spec developers or owner-users intending to construct a large facility or industrial condo project. Asking sales prices for raw commercially or industrially zoned land is significantly less than areas to the north. Table 3-4 shows in detail that average asking sales prices for raw land in Gilroy are approximately $9 per square foot, which is almost half of that in Morgan Hill, and about 25 percent of the asking land sales prices in San Jose. These savings in land costs may be critical to pro forma performance for spec developers interested in the Silicon Valley. Table B-1 through Table B-3 in Appendix B provide additional industrial market analytics, including leasable square feet, annual net absorption, and annual square footage constructed. Office The Silicon Valley’s high concentration of workers in the professional, scientific, and technical services; information; and health care and social assistance industries support a strong office real estate market in the region. As discussed earlier in this chapter, tech giants are staying committed to the Silicon Valley and are absorbing vast office spaces in San Jose and Sunnyvale, where the region’s office sector is clustered. Despite the high costs of building and conducting business in San Jose and surrounding areas, the value of knowledge and idea sharing in these industries outweighs identified constraints; therefore, the region’s office market will continue to cluster and intensify in these areas. Gilroy’s role in the region’s office real estate market is peripheral, as evidenced by a summary of key office market indicators in Table 3-5. At approximately 740,000 square feet, the Gilroy office market comprises less than 1 percent of the leasable office in the San Jose market. Gilroy office vacancy is approximately 5 percent; however, average lease rates have remained fairly unchanged over the past 10 years. Additional details about key office market metrics are described below. Despite Gilroy’s minor office market share relative to the region, Gilroy may be able to benefit from professional service employers that may need to withdraw from core Silicon Valley communities as the cost to lease space dramatically increases. As shown in Table 3-6, current lease rates in the San Jose office market are more than double the office lease rates in Gilroy and in Gilroy/Morgan Hill combined. However, office space is hard to find in Gilroy and in Gilroy/Morgan Hill, as shown in Table 3-7, which limits the sector’s ability to expand. Based on conversations with commercial brokers and representatives with experience in Gilroy, there has been little to no interest in office development in Gilroy for several years. Table B-4 through Table B-6 in Appendix B provide additional office market analytics, including leasable square feet, annual net absorption, and annual square footage constructed. City Price per Acre Price per Sq. Ft. Gilroy $407,876 $9.36 Morgan Hill $769,351 $17.66 San Jose $1,385,900 $31.82 Industrial and Commercial Raw Land Average Asking Sales Price 5.A.a Packet Pg. 79 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTPage 1 of 2Table 3-4City of GilroyPlace-Based Economic Development StrategyIndustrial and Commercial Asking Land Sales PricesItemProposedLand Use [1]Current ZoningAcresAmount Per AcrePer LandSq. Ft.GilroyBuena Vista and Hwy 101 [3] Commercial/Industrial A-1 Agriculture 10.00 $2,450,000 $245,000 $5.629090-9096 San Ysidro Avenue Industrial M-1 Limited Industrial 3.69 $1,990,000 $539,441 $12.38221 Yamane Drive [4] Commercial M-1 Limited Industrial 8.85 $3,855,000 $435,593 $10.008805 Forest Street Industrial M-2 General Industrial/Murray Ave. Spec. Use Dist. 3.98 $2,050,000 $515,075 $11.821 Camino Arroyo Commercial M-2 General Industrial — Regency/Newman Center PUD 1.32 $560,617 $424,711 $9.751 Camino Arroyo Commercial M-2 General Industrial — Regency/Newman Center PUD 5.31 $2,255,210 $424,709 $9.75951-981 Renz Lane Commercial/Retail M-2 General Industrial — Regency/Newman Center PUD 12.84 $10,067,580 $784,079 $18.00Rancho San Ysidro Commercial M-2 General Industrial & PO Professional Office 60.00 $26,000,000 $433,333 $9.95Silacci Way and Hwy 152 Commercial HC Highway Commercial 4.42 $5,300,000 $1,199,096 $27.536801 Silacci Way Commercial M-2 General Industrial 3.00 $1,500,000 $500,000 $11.486970 Camino Arroyo Commercial Regency/Newman Center PUD 10.18 $3,000,000 $294,695 $6.77Hwy 101 and E 10th Street (TVT Site) Commercial C-M Commercial Industrial 6.50 $8,400,000 $1,292,308 $29.676805 Automall Parkway Commercial C-M Commercial Industrial 2.75 $2,400,000 $872,727 $20.045980 Travel Park Circle Commercial C-M Commercial Industrial 1.87 $1,800,000 $962,569 $22.10Monterey Road Commercial/Industrial M-1 Limited Industrial 82.13 $16,815,000 $204,736 $4.70Weighted Average14.46 $5,896,227 $407,876 $9.36Morgan Hill18635 Madrone Parkway Industrial ML Light Industrial District 5.03 $3,505,708 $696,959 $16.00Cochrane Road and Butterfield Road [5] Commercial PUD Commercial 20.20 $21,997,800 $1,089,000 $25.00225 Cochrane Road Industrial ML Light Industrial District 10.05 $3,475,000 $345,771 $7.9418110 Monterey Highway Industrial ML Light Industrial District 6.69 $5,245,488 $784,080 $18.00Digital Drive Industrial ML Light Industrial District 1.30 $900,000 $692,308 $15.89965 San Pedro Avenue Commercial MO Office Industrial District 5.92 $3,868,128 $653,401 $15.0016270 Church Street Industrial ML Light Industrial District 3.04 $1,456,646 $479,161 $11.00240-260 Vineyard Court Industrial N/A 1.45 $850,000 $586,207 $13.46Weighted Average6.71 $5,162,346 $769,351 $17.66Asking Sales Price [2]Prepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2275.A.aPacket Pg. 80Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTPage 2 of 2Table 3-4City of GilroyPlace-Based Economic Development StrategyIndustrial and Commercial Asking Land Sales PricesItemProposedLand Use [1]Current ZoningAcresAmount Per AcrePer LandSq. Ft.Asking Sales Price [2]San Jose2220 Tully Road Industrial Park IP Industrial Park 5.00 $10,000,000 $2,000,000 $45.912905 S King Road Industrial Park LI Light Industrial 4.81 $9,428,562 $1,960,196 $45.002829 Monterey Highway Industrial Park HI Heavy Industrial 4.32 $6,600,000 $1,529,226 $35.11459 Piercy Road Industrial Park IP Industrial Park 2.02 $1,949,000 $964,854 $22.15469 Piercy Road Industrial Park IP Industrial Park 3.60 $3,500,000 $972,222 $22.32644 Piercy Road Industrial Park IP Industrial Park 9.10 $8,500,000 $934,066 $21.44Weighted Average4.81 $6,662,927 $1,385,900 $31.82land priceSource: CoStar; City of Gilroy Zoning Map, December 2012; EPS.[1] Proposed land use as reported by CoStar.[2] Note that property values in Gilroy may be skewed lower as there are more large, unimproved sites compared to Morgan Hill and San Jose.[2] Property is located outside of the City boundaries, but is located within the Urban Growth Boundary. Property does not currently have a City zoning designation.[3] Property is currently used for utility purposes. Sale requires CPUC confirmation.[4] Property is listed as a for sale-ground lease or build-to-suit. Property is offered starting at $25 per square foot plus off-site improvements.Prepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2285.A.aPacket Pg. 81Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable 3-5City of GilroyPlace-Based Economic Development StrategySummary of Key Office Market IndicatorsMarket2008 Q1 2018 Q1 Difference 2018 Q1Average (2008-2018) 2008 Q1 2018 Q1 DifferencePercent Change (2008-2018)Avg. Annual % Change (2008-2018)2008-2012 2013-2017 2008-2017 2008-2012 2013-2017 2008-2017Gilroy744,826 738,214 (6,612) 5.1% 8.1% $17.20 $17.84 $0.64 3.7% 0.4%(315) 5,120 2,4030 0 0Gilroy/Morgan Hill1,903,544 1,896,932 (6,612) 2.9% 6.9% $20.65 $18.80 ($1.85) (9.0%) (0.9%) 5,130 12,845 8,9880 0 0San Jose Market101,189,225 127,266,547 26,077,322 8.5% 10.5% $29.39 $42.54 $13.15 44.7% 3.8% 538,206 3,558,205 2,048,206 1,259,324 3,872,774 2,566,049Salinas Market 8,348,304 8,656,934 308,630 6.1% 6.3% $20.10 $20.71 $0.61 3.0% 0.0% (19,083) 58,841 19,879 18,260 45,728 31,994off summSource: CoStar, data retrieved May 15, 2018; EPS.Inventory Vacancy PercentageAverage AnnualNet AbsorptionAverage AnnualDelivered Sq. Ft.Office —SummaryAverage Annual Lease RatesPrepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2295.A.aPacket Pg. 82Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable 3-6City of GilroyPlace-Based Economic Development StrategyOffice Average Asking Lease Rate (Per Leasable Sq. Ft.) [1]Avg.AnnualMarket 2008 Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1Amount Percent% ChangeGilroyAnnual $17.20 $18.10 $18.75 $18.83 $17.78 $17.00 $16.33 $15.51 $17.38$15.78 $17.84 $0.64 3.7% 0.4%Monthly$1.43 $1.51 $1.56$1.57 $1.48 $1.42 $1.36 $1.29$1.45 $1.32 $1.49 $0.05 - - Gilroy/Morgan HillAnnual$20.65 $18.82 $18.06 $17.86 $17.47 $16.68 $16.33 $15.81 $17.14 $16.73$18.80 ($1.85) (9.0%) (0.9%)Monthly$1.72 $1.57 $1.51 $1.49 $1.46 $1.39 $1.36 $1.32 $1.43 $1.39 $1.57 ($0.15) - - San Jose MarketAnnual$29.39 $27.59 $23.56 $23.91 $24.96 $26.99 $28.39 $32.55 $36.14 $39.79 $42.54 $13.15 44.7% 3.8%Monthly$2.45 $2.30 $1.96$1.99 $2.08 $2.25 $2.37 $2.71$3.01 $3.32 $3.55 $1.10 - - Salinas Market Annual$20.10 $20.50 $19.63 $18.77 $18.98 $19.30 $19.07 $18.71 $19.44$19.76 $20.71 $0.61 3.0% 0.3%Monthly$1.68 $1.71 $1.64$1.56 $1.58 $1.61 $1.59 $1.56$1.62 $1.65 $1.73 $0.05 - - off ls rtSource: CoStar, data retrieved May 15, 2018; EPS.[1] Lease rates reflect Overall Gross Rent for the identified market.Office —Average AskingLease RateChange(2008-2018)$0.00$5.00$10.00$15.00$20.00$25.00$30.00$35.00$40.00$45.002008 Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1Average Annual Lease Rate per Sq. Ft.GilroyGilroy/Morgan HillSan Jose MarketSalinas MarketPrepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2305.A.aPacket Pg. 83Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable 3-7City of GilroyPlace-Based Economic Development StrategyOffice VacancyMarketAmount Percent Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent Amount PercentGilroy72,649 9.8% 73,119 9.8% 70,026 9.4% 73,867 9.9% 69,419 9.3% 67,860 9.1% 73,097 9.8% 43,347 5.8% 42,179 5.7% 39,025 5.3% 37,583 5.1% 60,197 8.1%Gilroy/Morgan Hill156,568 8.2% 179,534 9.4% 192,874 10.1% 196,476 10.3% 123,630 6.5% 119,255 6.3% 125,958 6.6% 127,358 6.7% 99,551 5.2% 61,759 3.3% 55,870 2.9% 130,803 6.9%San Jose Market12,008,356 11.9% 15,253,925 14.7% 16,984,265 16.2% 15,411,361 14.6% 11,511,933 10.9% 10,738,349 10.0% 9,947,391 9.1% 8,713,275 7.9% 7,438,984 6.5% 8,410,626 7.2% 10,819,456 8.5% 11,567,084 10.5%Salinas Market [1]311,258 3.7% 425,574 5.1% 617,343 7.3% 621,865 7.4% 577,908 6.9% 542,542 6.4% 660,569 7.8% 521,292 6.2% 622,466 7.4% 451,483 5.2% 525,782 6.1% 534,3716.3%off vacSource: CoStar, data retrieved May 15, 2018; EPS.[1] Information not available for Salinas Market for 2006 Q1 and 2007 Q1.2008 Q12018 Q12017 Q12016 Q12015 Q12014 Q12013 Q1Office —Vacancy2012 Q12011 Q12010 Q12009 Q1Average (2008-2018)0.0%2.0%4.0%6.0%8.0%10.0%12.0%14.0%16.0%18.0%2008 Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1Office Vacancy RateGilroyGilroy/Morgan HillSan Jose MarketSalinas MarketPrepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2315.A.aPacket Pg. 84Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 32 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Retail An evaluation of key market performance indicators demonstrates that Gilroy’s retail sector has been relatively stable over the past 10 years, as shown in Table 3-8. Gilroy has experienced modest increases in retail space, though no significant deliveries have occurred since 2012. Nonetheless, retail vacancies in Gilroy are below 3 percent, and increases in average lease rates have been modest.20 ADE’s 2014 report indicates Gilroy attracted regional retail sales, with few retail categories experiencing sales leakage. The Outlets comprise approximately a quarter of the City’s retail inventory and is a major source of regional retail sales. The Outlets host a bevy of apparel, home décor, and lifestyle retail outlet stores that attract a variety of market consumers. While many brick-and-mortar retail spaces are experiencing reduced sales and consumers are shifting to online sources, with appropriate place-making efforts, the Outlets have the potential to weather the online shift. While the Outlets consistently perform as a key driver of retail sales in the City, they have been losing market share. Since 2013, annual sales tax revenue generated by the Outlets has decreased by approximately $250,000, while overall sales tax revenue to the City has increased by approximately $4.3 million. As a result, the share of citywide sales tax revenues generated in the Outlets has decreased from 20 percent in 2013 to 14 percent in 2017. Figure 3-1 shows the annual sales tax revenue generated by major retail groups, and Figure 3-2 indicates the share of citywide annual sales tax revenue generated by each group. The City’s Downtown core currently represents a small share of citywide sales tax revenues with significant room for growth and development. Before revitalization efforts, the Downtown core has increased in annual sales tax revenues by more than $100,000 since 2013. With well- thought-out revitalization efforts including key placement of sales tax-generating uses developed through a community-oriented program to reach full potential and keep up with current retail place-making trends. Despite the City’s retail success in the region, commercial real estate research publications indicate that brick-and-mortar retail trends are experiencing a dramatic shift. Consumer spending habits are increasingly shifting toward online shopping, and consumers are spending more time and money on experience- or service-related retail. Department stores and traditional consumer goods stores are undergoing significant contraction and, in some cases, complete dissolution; whereas restaurants, bars, fitness franchises, taprooms, and other service- or experience-related stores are experiencing strong growth. New retail development will need to reflect changing consumer preferences and will need to be clustered together so various market segment preferences are met in corridor or village settings. Opportunities to supplement retail experiences in existing clusters such as the Outlets or Monterey Street may be viable. However, because of decades of retail over-supply, more residential development, effectively increasing the number of consumers in Gilroy, will be necessary to ensure brick-and-mortar sales keep pace ensuring future success. 20 Retail performance indicators from 2008 Q1 to 2018 Q1, including inventory, vacancy, annual net absorption, average asking lease rates, and developed square footage, is provided in Table B-7 through Table B-11 in Appendix B. 5.A.a Packet Pg. 85 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable 3-8City of GilroyPlace-Based Economic Development StrategySummary of Key Retail Market IndicatorsMarket2008 Q1 2018 Q1 Difference 2018 Q1Average (2008-2018) 2008 Q1 2018 Q1 DifferencePercent Change (2008-2018)Avg. Annual % Change (2008-2018)2008-2012 2013-2017 2008-2017 2008-2012 2013-2017 2008-2017Gilroy4,557,431 4,778,013 220,582 2.7% 6.4% $15.63 $18.54 $2.91 18.6% 1.7% 78,093 34,443 56,268 52,998 0 26,499Gilroy/Morgan Hill6,905,172 7,251,084 345,912 3.1% 6.8% $17.54 $21.48 $3.94 22.5% 2.0% 95,385 61,249 78,317 93,569 600 47,085San Jose Market76,278,241 80,611,202 4,332,961 3.7% 4.5% $28.69 $32.81 $4.12 14.4% 1.4% (74,704) 452,660 188,978 599,053 574,207 586,630Salinas Market17,834,866 18,101,713 266,847 1.8% 3.6% $17.47 $19.24 $1.77 10.1% 0.0% (36,597) 100,845 32,124 34,231 30,337 32,284ret summSource: CoStar, data retrieved May 15, 2018; EPS.Retail —SummaryInventory [1]VacancyPercentage [2]Average AnnualNet AbsorptionAverage AnnualDelivered Sq. Ft.Average Annual Lease RatesPrepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2335.A.aPacket Pg. 86Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) $2,845,771$2,587,854$281,776$392,956$1,366,549$3,600,061$2,213,866$2,645,367$935,414$972,390$0$500,000$1,000,000$1,500,000$2,000,000$2,500,000$3,000,000$3,500,000$4,000,0002013 2014 2015 2016 2017Figure 3-1City of GilroyPlace-Based Economic StrategyAnnual Sales Tax Generated by Major GroupOutlet CenterDowntown CoreAuto DealersNewman DevelopmentRegency CenterDRAFT345.A.aPacket Pg. 87Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 12%14%14%16%14%34%32%31%30%30%7%6%6%6%5%16%15%14%14%14%2%2%2%2%2%10%12%15%16%20%20%19%17%16%14%0%10%20%30%40%50%60%70%80%90%100%2013 2014 2015 2016 2017Figure 3-2City of GilroyPlace-Based Economic StrategyAnnual Percentage of Sales Tax Revenue by Major Group State and County AllocationOther GroupsRegency CenterNewman DevelopmentDowntown CoreAuto DealersOutlet Center$18,451,921$17,317,940$16,406,382$15,564,677$14,201,856DRAFT355.A.aPacket Pg. 88Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 36 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx 2013 $1,730,467 2014 $2,224,965 2015 $2,364,243 2016 $2,688,537 2017 $2,661,055 Annual Allocation of State and County Sales Tax Enhancing existing spaces and developing attractive new retail uses is critical to ensure that the City continues to receive significant sales tax generated through online sales. Gilroy receives a portion of all online sales tax generated in the County based on the percentage of all countywide sales tax generated in the City. Historically, Gilroy has received approximately 4 percent of all online generated sales tax in the County. Current retail trends indicate that online sales will continue to grow, and maintaining or increasing the City’s share of County retail activity will result in significant online sales tax revenue each year. Since 2013, sales tax revenue allocated to the City from County and State sources accounted for 12 to 16 percent of citywide sales tax revenue growing from $1.7 million to $2.7 million. While this figure includes multiple sources, the vast majority of these funds are generated through online sales tax. Hotel Gilroy demonstrates a stable local accommodations market, indicating sustained strength in the economy class and midscale class hotel market. However, new and diverse types of supply are needed for Gilroy to realize significant tourism benefits. Namely, one or more downtown venues are needed in conjunction with walkable destinations and amenities to provide an appealing option for both business and tourism multiple segments. Complementary uses would include one or more entertainment venues, realization of planned restaurant/pub proposals, and additional boutique retail. The advent of HSR will bring an improved relationship to the Monterey Bay Area resort economy and will boost business travel through Gilroy. Relative to other stops, such as San Jose’s Diridon Station, Gilroy’s small-town ambiance could provide a viable option from the perspective of many travelers. Generally, excess demand and market acceptance of new hotel development is considered when a hotel market is able to sustain above 70 percent annual occupancy. As demonstrated in Table 3-9, annual occupancy rates have remained steady around 70 percent, demonstrating the hotel market is sufficient to accommodate existing demand. Introduction of new products may weaken this performance metric without increased visitation. However, a detailed evaluation of Gilroy hotel performance metrics demonstrates strong summer seasonal months and low- performing winter months, as shown in Figure 3-3. Increasing fall and winter tourism activity will help sustain hotel performance in the City. Summary of Market Conditions: Practical Implications for Gilroy and Opportunity Sites In review of the Gilroy real estate performance metrics, the City appears to be in a position to capitalize on industrial growth in the near future. Industrial vacancy rates are reportedly below 1 percent and lease rates have experienced substantial gains. The analysis provided in this chapter and in Appendix B shows that the industrial real estate market is the only sector in Gilroy that has kept pace with the greater San Jose market, in respect to occupancy and asking lease rates. The industrial market in the Silicon Valley has tightened to the extent that available 5.A.a Packet Pg. 89 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFT Table 3-9 City of Gilroy Place-Based Economic Development Strategy Summary of Gilroy Visitation Data Item 2014 [1] 2015 2016 2017 2018 [2] Average Annual Data Indicator Occupancy Rate 67.6% 74.4% 73.4% 69.6% 68.7% Avg. Daily Rate $96 $99 $104 $108 $102 summ visit Source: Visitation data compiled by Visit Gilroy based on Smith Travel Research reports. [1] Data reflects July through December. [2] Data reflects January through May. Prepared by EPS 12/4/2018 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2 37 5.A.a Packet Pg. 90 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTFigure 3-3City of GilroyPlace-Based Economic Development StrategyGilroy Hotel Visitation Analysis [1]visitor chartSource: Visitation data compiled by Visit Gilroy based on Smith Travel Research reports.[1] See Table B-12 in Appendix B for detailed Gilroy hotel visitation data.0.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%90.0%100.0%$0.00$20.00$40.00$60.00$80.00$100.00$120.00$140.00Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct NovDec Jan Feb Mar Apr May2014 2015 2016 2017 2018Gilroy Hotels Average Occupancy RateGilroy Hotels Average Daily RateAvg. Daily RateOccupancy RatePrepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2385.A.aPacket Pg. 91Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 39 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx leasable space is likely obsolete for modern high-tech industrial users; therefore, industrial users planning to expand or enter the market are faced with the option of spending excessively to modernize antiquated spaces or to develop new facilities. In this case, Gilroy is at a great advantage because Gilroy land values are much lower than core Silicon Valley cities. The average asking sales price for raw industrial and commercial land in Gilroy is approximately 50 percent of Morgan Hill and 30 percent of San Jose. This is already playing out in the distribution and warehousing subindustry, as demonstrated by the 2016 delivery of the UNFI center and proposed Performance Foods Group facility, anticipated to open in 2020. The above analysis indicates a different case in respect to office real estate interest in Gilroy. Office development trends are moving away from single-use business parks and instead are incorporating other uses to cater to the lifestyle of the office employee. Office developments are increasingly shifting toward urban centers where employees are closer to retail activities, such as dining, eating and drinking establishments, and fitness centers. In cases where business centers are developed on raw land, business parks are incorporating the mentioned uses, in addition to residential components. Mentioned earlier in this report, not only does adding residential to a mixed-use business park foster a sense of place desired by today’s workers, but adding residential in a mixed-use employment district can improve project development economics. The following chapter evaluates the development potential for key sites in the City with consideration of the market analysis described in this chapter. The site evaluations detail existing conditions, adjacencies, planned uses, and an assessment of potential development opportunities that may be viable for the site, considering prevalent market conditions and existing and future industry trends. 5.A.a Packet Pg. 92 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Economic & Planning Systems, Inc. (EPS) 40 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx 4. OPPORTUNITY SITES AND CORRIDORS: OPPORTUNITIES, CONSTRAINTS, AND SUGGESTED ACTIONS Overview In 2016, resident voters approved Measure H, which established an Urban Growth Boundary (UGB) that restricts new development outside of that boundary through 2040. This measure implicates the City’s capability of absorbing new residents and employees by limiting new growth to select greenfield sites or through the intensification of underutilized development. Working cooperatively with the GEDC and the City, EPS has evaluated several Opportunity Sites in various City areas—in addition to infill opportunities along portions of the First Street, Tenth Street, and Monterey Street corridors—where there is potential for new development/redevelopment of uses that will achieve the City’s goals of attracting jobs- and tax revenue-producing uses, in addition to fostering the community’s high quality of life. While each identified site has certain positive attributes, in many cases, there are substantial financial or physical constraints that are hindering prospects of development. In such cases, the City may need to implement policy actions or infrastructure cost burden assistance to encourage prospective development. EPS identifies such incentives the City may implement in the following chapter. The sections below identify the Opportunity Sites and corridor infill sites (Corridor Site) evaluated in this analysis and details EPS’s assessment of each location’s key attributes, constraints, and opportunities for development or repositioning. EPS’s assessments were determined based on evaluation of industry performance metrics described in Chapter 3, discussions regarding the commercial and industrial real estate market in Gilroy with commercial real estate and industry professionals with direct experience in Gilroy, existing planning and environmental documents and input from the City and GEDC, and EPS’s recent work reviewing commercial and industrial real estate trends in the Silicon Valley/San Francisco Region, the State, and nation. Potential development opportunities expressed in this analysis reflect high-level assessments based on historical market conditions and existing industry trends. The City and GEDC should pursue comprehensive market studies for select sites that may provide significant economic impact. Opportunity Sites The GEDC initially identified 10 Opportunity Sites to evaluate, but through the course of conducting research on each site and engaging discussions with Gilroy real estate professionals, EPS conducted detailed analyses of 8 Opportunity Sites that possess key locational attributes to attract development types the City desires for long-term fiscal performance. Table 4-1 summarizes basic information about each Opportunity Site, including location, area, and existing uses, in addition to providing a summary of EPS’s assessment of development potential aligned with the City’s economic development goals. EPS’s assessment of each Opportunity Site is provided below. 5.A.a Packet Pg. 93 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTPage 1 of 2Table 4-1City of GilroyPlace-Based Economic Development StrategySummary of Opportunity Sites Key Attributes Opportunity Site Site Area Existing Use(s) Current Zoning City Plan Alternatives [1] [2]EPS AssessmentAg. Mitigation#1: Las AnimasN Gilroy - Monterey Road± 50 Acres Primarily vacant M1 - Limited Industrial2040 General Plan Alternatives Report Focus Area 5Alt. 1: Industrial ParkAlt. 2: Neighborhood District HighAlt. 3: Employment CenterEmployment uses aligning with the City's Employment Center alternative to improve the City's jobs/housing balance, and benefit from City's existing workforce. Alternatively, medium-density housing is a certain market opportunity to provide housing relief to moderate and workforce households in the Silicon Valley.No#2: San YsidroLas Animas Avenue & San Ysidro Avenue± 11 Acres VacantC3 - Shopping Center Commercial2040 General Plan Alternatives Report Focus Area 5All Alternatives: General Services CommercialExperiential retail concepts that can add value to the adjacent Premium Outlets, increasing day-time visitors and visitor hours at the established outlet center.No#3: Southpoint Business ParkArroyo Circle & Camino Arroyo± 66 Acres Agricultural fields M2 - General Industrial2040 General Plan Alternatives Report (Non Focus Area)General IndustrialSite is adjacent to office and medical office uses. ADE's 2014 Economic Development Strategic Plan indicates the City should target professional, scientific and technical services, and health services industries. This site is a logical expansion for business or medical office uses.This site, in addition to other areas east of US 101, should be considered for mixed-use innovation districts combining residential, office, and R&D uses.Yes#4: TVT Site10th Street & US 101± 7 acres Retail strip center, trucking and logistics yardC3 - Shopping Center Commercial;CM - Commercial IndustrialDowntown Station Area PlanAlt. 1: Retail and long-term HSR parkingAlt. 2: RetailAlt. 3: HotelSite has strong highway visibility and is positioned at crosshairs of the City's two major thoroughfares. Site will also be positioned one-half mile away from the future HSR station. Therefore, based on these attributes, a hotel use may be well positioned on this site. However, this site may be constrained by ingress/egress challenges and adjacency to a City fire department station.No#5: Rancho San YsidroSR 152 & Camino Arroyo± 60 acres Agricultural fields C3 - Shopping Center Commercial;M2 - General Industrial2040 General Plan Alternatives Report (Non Focus Area)General IndustrialMassive opportunity for a creative development opportunity. The site is zoned for light industrial uses with a mixed use overlay to allow retail commercial and R&D uses on the site. However, the owner indicates there has been little to no interest in these uses on the site, but developers see potential for residential development.The site may be a great opportunity for a horizontal mixed-use development with residential and employment uses. The site is located one-half mile from US 101 and is 1.5 miles from the HSR station. Development feasibility may be constrained by required off-site traffic improvements and Ag. Mitigation Policy.Yes#6: Gilroy Crossing/Regency Phase IISR 152 & Camino Arroyo± 10 acres VacantRegency/Newman Center PUD:C3 - Shopping Center Commercial;M2 - General Industrial;HC - Highway Commercial2040 General Plan Alternatives Report (Non Focus Area)General IndustrialThe site is situated near big box retail stores and large industrial and warehouse projects. The site is not large enough to accommodate a large distribution or warehouse use, but could accommodate a smaller scale manufacturing use or industrial condo project. ADE's analysis indicates Gilroy should target various metal manufacturers/fabricators, machine shops, and communications or electrical equipment manufacturing.NoPrepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2415.A.aPacket Pg. 94Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTPage 2 of 2Table 4-1City of GilroyPlace-Based Economic Development StrategySummary of Opportunity Sites Key Attributes Opportunity Site Site Area Existing Use(s) Current Zoning City Plan Alternatives [1] [2]EPS AssessmentAg. Mitigation#7: McCarthy Business Park - Removed from evaluation#8: Gilroy Gardens (City Owned Portion)Hecker Pass Hwy± 35 acres Nursery, vacant lands, parking lotsHC - Highway Commercial2040 General Plan Alternatives Report (Non Focus Area)Visitor Serving CommercialOpportunity to forge Hecker Pass gateway into a dynamic tourism destination. Unique position to showcase Gilroy's agricultural heritage aimed to serve a variety of patrons, including local families, weekend travelers, and day-trippers. Possible development opportunities will rely on realization of plans envisioned for Gilroy Gardens.No#9: Gilroy Sports Park (Phase II)Monterey Frontage Road± 78 acres Agricultural fields A1 - Agricultural2040 General Plan Alternatives Report (Non Focus Area)Parks and RecreationExpansion of the existing Gilroy Sports Park will increase the capacity for the City to host sports and recreational events and tournaments. If additional ball fields or other sports and recreational facilities are added to the site, the property can become a sports venue epicenter for south Santa Clara County, Monterey County, and San Benito County.Yesos sumSource: City of Gilroy; discussions with various property owners and brokers; EPS.[1] Reflects land use(s) proposed for site based on City planning documents, including the City of Gilroy 2040 General Plan Alternatives Report (2018), the Downtown Gilroy Station Area Plan (2016), and the Downtown Specific Plan (2005).[2] See Appendix C for additional proposed land use information about the City of Gilroy 2040 General Plan Alternatives Report.Prepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2425.A.aPacket Pg. 95Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Econom Oppo Gene The L north is zon reside east, The L Altern use d  A  A  A EPS A The L posse that m cente The s 5-min Road provi acces gatew locate reside west. the n help j City, City’s reduc north Altern mediu west reside are in 21 Ex allowa mic & Planning ortunity Si eral Informa Las Animas O hern boundar ned M1—Lim ential subdiv and agricult Las Animas O natives Repo development lternative 1: lternative 2: lternative 3: Assessment Las Animas O esses locatio may encoura er or residen site is located nute drive fr and US 101 ding conven ss to Morgan way to San J ed near new ential subdiv New emplo orthern end jobs/housing potentially e s talented wo cing the num hbound comm natively, add um-term suc of the site, a ential develo n desperate cerpts from t able uses is p g Systems, Inc te #1: Las ation Opportunity ry of the City mited Industr visions to the tural uses to Opportunity ort (Alternati alternatives : Industrial P : Neighborho : Employmen t Opportunity onal attribute age employm tial developm d less than a om the Leav 1 interchange ient automo n Hill and a ose, while b er single-fam visions to the yment uses of the City c g balance in exploiting the orkforce and mber of muters. ding medium ccess for this and aerial im opment is un need for mo the Alternativ provided in A c. (EPS) Animas Site is locate y. The site c rial. The Las e west, stora o the north. Site is locate ives Report) s for this gro Park ood District H nt Center Site es ment ment. a vesley e, bile eing mily e on could the e d m-density hou s location. N magery as of nder construc re housing, ves Report re Appendix C. Las A Imag 43 ed between omprises 5 p Animas Opp age yards an ed in Focus A .21 The Alter ouping of par High using in this ewer single- f June 2018 i ction to the so thoughtfu elated to Focu Animas and Sa ge not to scale Gilroy Place-B Public R P:\182000\18202 Monterey St parcels total portunity Site nd warehous Area 5 of the rnatives Rep rcels, as liste area would -family resid indicates new northwest o ul considerat us Area plann an Ysidro Oppo e. Based Econom Review Draft Re 20 Gilroy Place-Based Economic Devel treet and US ing approxim e is surround ing to the so e City’s 2040 port identifie ed below: likely be an dential subdiv w single-fam f the site. Th tions to vary ned uses and ortunity Sites. mic Developmen eport Decemb lopment Strategy\Reports\182020 Pub S 101 near th mately 50 ac ded by single outh, US 101 0 General Pla s 3 different easier short visions exten mily and mul he State and y housing typ description o nt Strategy ber 4, 2018 blic Review r1 12-04-18.docx he cres and e-family 1 to the an t land t- to nd to the tifamily d region pes of 5.A.a Packet Pg. 96 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 44 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx (i.e., various densities) and target segments may provide housing relief to the region’s workforce. Preliminary environmental assessments indicate moderate off-site improvements are required to initiate substantial development on this site. Information from the City indicates some environmental review work has been prepared for portions of the Las Animas Opportunity Site. A City Negative Declaration, dated October 9, 2002, indicates roadway improvements would be required on Leavesley Road, located south of the site. The site is zoned M1—Limited Industrial, which may align with some employment uses, but changes to zoning may be required for other employment uses, and definitely for residential uses. Fortunately, EPS’s impression regarding the future use of this site conforms to the City’s potential future designation of the site. Key Constraints A mitigated negative declaration was prepared in 2002 responding to a request to subdivide one of the subject parcels of 9 acres into 9 separate industrial parcels, ranging from 0.375 acres to 1.513 acres. This document indicates that subdividing the subject parcel for development would require significant traffic mitigations to avoid a finding of environmental impact. City notes on the environmental document show that several mitigations have been completed; however, some are still outstanding. Outstanding mitigations include modifications to the intersection of Murray Avenue/Leavesley Road to ensure the intersection performs at LOS C, based on City General Plan conditions. Opportunity Site #2: San Ysidro General Information The San Ysidro Opportunity Site is located at the corner of Las Animas Avenue and San Ysidro Avenue. The site is approximately 11 acres and is zoned C3—Shopping Center. The San Ysidro Opportunity Site is located directly north of the Outlets and is bound to the west by US 101. The San Ysidro Opportunity Site is located in Focus Area 5 of the City’s Alternatives Report, and the Alternatives Report indicates the City intends to designate the site as General Services Commercial. EPS Assessment Gilroy’s San Ysidro corridor is a City and regional retail magnet. The total retail space along San Ysidro Avenue, comprised mostly of the Outlets, is approximately one-quarter of the City’s entire leasable retail space.22 CoStar reports that as of June 2018, the retail space along the San Ysidro corridor between Las Animas Avenue and Gilman Road is at approximately 2 percent vacancy. However, as discussed in Chapter 3, sales tax revenues generated from Outlets sales have been slowly declining in recent years. The Outlets buildings were constructed in the 1990s and the Outlets’ diminished performance may indicate a need to refresh and modernize the center’s position and appeal. Empirical industry research demonstrates that the retail industry has experienced extreme volatility in the past 2 to 3 years as dozens of department stores and big box retail providers have shuttered or contracted, a result of changing consumer behavior habits with the rise of 22 Based on CoStar data retrieved in June 2018. 5.A.a Packet Pg. 97 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 45 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx e-commerce, changing consumer preferences, and oversupply of retail developments constructed in the second half of the 20th century. New retail developments are evolving from consumer goods to experience focused, offering more eateries and drinking establishments, entertainment opportunities, and fitness studios. In addition, traditional goods retailers are changing their format to provide services consumers cannot experience solely through online shopping. For instance, Nike recently opened a new 55,000-square-foot store in New York City (NYC) that features a miniature indoor basketball court, treadmills, a sneaker bar allowing shoppers to custom-design sneakers, and a small turf enclosure that allows customers to run agility drills with Nike products.23 These features create a memorable and enjoyable shopping experience that enables customers to test products and sustains intrigue and brand loyalty. While Gilroy and NYC are vastly different contexts, the notion of seeking activating, complementary land uses that enhance the visitor experience is germane in Gilroy. Efforts should be considered to improve the Outlets’ status as a regional retail attraction. Retail market research indicates high-performing retail centers provide a diverse mix of uses to attract and keep consumers on site. This may present an opportunity to develop a new retail center to complement the Outlets while potentially diversifying clientele. Retail developers are pursuing a similar concept adjacent to the premium outlets in Livermore. The Shops at Livermore, currently under construction, will deliver 115,000 square feet of new retail uses with a substantial mix of quick service restaurants and additional retailers such as a Crate & Barrel outlet and Kirkland’s Furniture. The Shops at Livermore is intended to provide additional eating options and deliver retail offerings that are not present at the neighboring premium outlets. Another opportunity that may deliver success at this location is a high-end movie theater complex. Across the State, upscale movie theaters offering novel amenities such as dining, drinking, and leather reclining chairs are becoming anchors in new retail shopping and lifestyle centers. However, cinema planning and development requires substantial market analysis related to consumer demand, trade area competition, and the potential for urban decay of the existing Platinum Theaters Gilroy complex. While this proposition is a conceptual consideration for this site, further critical market analysis would be warranted to evaluate the implications of cinema planning and development relative to future consumer trends. Key Constraints Correspondence with the City’s Community Development Department reveals no environmental review has been conducted for this site. However, the City’s 2020 General Plan Circulation Plan Map indicates that San Ysidro Avenue is planned for realignment, which may cut through portions of this site. Any changes to the San Ysidro Avenue realignment will require a General Plan amendment, unless plans are accommodated in the GPU process. Furthermore, notes prepared by the City show that it is likely street segments and intersections near the site are at or near maximum capacity. Further environmental review is necessary to identify potentially significant barriers. 23 Global Retail Trends 2018, March 2018. KPMG Global Consumer & Retail Advisory. 5.A.a Packet Pg. 98 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Econom Oppo Gene The S Cami South buildi exper Coun South Area; Gene EPS A The S Site p Cami Gilroy north the O office camp be po settin ADE’s Plan indus and t The A gap i emplo econo profe workf out o South Unfor busin howe swath land US 10 Key C Buildo off-si mic & Planning ortunity Si eral Informa Southpoint B no Arroyo. T hpoint Busin ings south o rience in dev ty. hpoint Busin ; however, th ral Industria Assessment Southpoint B provides an o no Arroyo an y’s retail and h end, Arroyo Outlets and le e uses, includ pus at the so ositioned to a ng prototype s 2014 Econo prioritizes ta stries, includ technical serv ADE report d n the numbe oyed in thes omic influenc ssional serv force couple f the Silicon hpoint Busin rtunately, re ness park- an ever, develop hs of undeve uses may be 01. Constraints out of the So te mitigation g Systems, Inc te #3: Sou ation Business Park The site is ap ess Park Op f the Outlets veloping and ess Park Op he Alternativ al. t Business Park opportunity nd complete d employmen o Circle is an eads to office ding a Kaiser outhern end. accommodat s. omic Develo argeting offic ing professio vices, and h emonstrates er of workers e industries ces, particul ice tenants o d with the o Valley could ess Park Op al estate bro nd light indu pers have inq eloped land. e necessary t outhpoint Bu ns. Though n c. (EPS) uthpoint Bu k Opportunit pproximately portunity Sit s. The site is leasing com portunity Sit ves Report in k Opportunit to extend Arroyo Circ nt cluster. At n arterial thro e and medic r Medical off This site sho te similar off pment Strat ce user onal, scientif ealth service s there is a l s living in Gi compared to arly the exp out of San Jo pportunity to d substantiat portunity Sit okers and pr strial-design quired about Allowing hor to garner de usiness Park no entitleme 46 usiness Par ty Site is loca y 66 acres an te is located s owned by T mmercial, off te is not loca ndicates the ty le as t the ough cal fice ould fice tegic fic es. arge lroy o the numbe ansion of inf ose and the o absorb pro te demand fo te. roperty owne nated proper t pursuing re rizontal mixe eveloper inte Opportunity nts have bee Image Gilroy Place-B Public R P:\182000\18202 rk ated in the v nd is zoned M near a clust Tim Filice, a fice, and ind ated in a spe site is plann er of jobs av formation an greater Silic ofessional ind or new office ers in Gilroy rties are not esidential de ed-use deve erest on thes y Site likely w en approved e not to scale. Based Econom Review Draft Re 20 Gilroy Place-Based Economic Devel vicinity of Ar M2—Genera ter of office a local Gilroy d ustrial prope ecific 2040 G ned to remai vailable in Gi nd tech deve con Valley. G dustries that e and R&D d state that v attracting a evelopment o lopment fea se formidable will require s d and no env mic Developmen eport Decemb lopment Strategy\Reports\182020 Pub rroyo Circle a l Industrial. and medical developer w erties in the General Plan n designated lroy. Region elopment, ma Gilroy’s existi t may becom development acant/undev ttention in G on Gilroy’s re turing reside e sites east o significant on vironmental nt Strategy ber 4, 2018 blic Review r1 12-04-18.docx and The office ith South Focus d as al ay price ing me priced at the veloped Gilroy; emaining ential of n- and 5.A.a Packet Pg. 99 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Econom docum mitig limite Furth propo of the Oppo Gene The T totali CM— truck Chest uses, The T to the 3 diff  A  A  A EPS A Conv inters SR 15 is pos the C thoro exper traffic visibi locate future this, conce on th ADE’s City d visita recur hotel serve mic & Planning ments have ations, acco ed vehicular hermore, the onent to purc e purchased ortunity Si eral Informa TVT Opportu ng approxim Commercial ing and logis tnut Street. storage yar TVT Opportu e City’s exist ferent land u lternative 1: lternative 2: lternative 3: Assessment eniently loca section of US 52, the TVT sitioned at th City’s two ma oughfares. Th riences a hig c and has pr lity, in addit ed within a h e HSR statio a hotel deve eptually an id is site. s 2014 study draws strong ation from a rring events , conference es primarily a g Systems, Inc been prepar rding to the access, likel site is subje chase an eq land to the te #4: TVT ation nity Site, loc mately 6.6 ac Industrial. A stics yard, a The TVT Op rds, and a Ci nity Site is lo ting 2005 Do use developm : Retail and : Retail : Hotel t ated at the S 101 and Opportunity he crosshairs ajor he site gh volume of rime highway ion to being half-mile of t n. Consideri elopment is deal opportu y indicates th g regional variety of at such as the e facility, or h as a place fo c. (EPS) red for the si City Commu y requiring a ect to the Cit ual amount Silicon Valle T Site cated at US cres. The par A majority of nd includes portunity Sit ity fire depar ocated in the owntown Spe ment alternat Long-Term H Site s of f daily y the ng unity he ttractions, in Gilroy Garlic high-end bou or visitors to TVT Note 47 ite, buildout unity Develo an extension ty Agricultur of disturbed y Conservan 101 and Ten rcels are zon f the site is o a retail strip te is surroun rtment statio e Downtown ecific Plan. T tives for this HSR Parking cluding the O c Festival. Gi utique lodgin pass throug Site and nearb e image is not t Gilroy Place-B Public R P:\182000\18202 of the site w pment Depa n of Camino re Mitigation agricultural ncy or other nth Street, co ned C3—Sho occupied by p center on t nded by neig on and is bo n Station Are The Downtow s grouping of Outlets, Gilr ilroy does no ng, and as c gh and not as by OSH Tenth S to scale. Based Econom Review Draft Re 20 Gilroy Place-Based Economic Devel will require o artment. In a Arroyo throu Policy, requ land and tra City-approv omprises 4 c opping Cente Trans Valley he corner of hborhood an und to the e ea Plan, whic wn Station A f parcels, as roy Gardens, ot have a ful ited in the A s an overnig Street Corridor mic Developmen eport Decemb lopment Strategy\Reports\182020 Pub off-site traffic addition, the ugh the site. uiring a proje ansfer of ow ed agency. contiguous p er Commerci y Transport, f Tenth Stree nd commerc east by US 1 ch is a partia Area Plan ide s listed below , wineries, a ll-service bu ADE study, G ght destinatio r Site. nt Strategy ber 4, 2018 blic Review r1 12-04-18.docx c e site has . ect wnership parcels al and a et and ial retail 01. al update ntifies w: nd siness Gilroy on. 5.A.a Packet Pg. 100 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 48 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Studies for the Downtown Gilroy Station Area indicate the HSR station plan area may be able to support an additional 290 to 1,400 hotel rooms at buildout (assuming buildout will occur by 2040). Location will be a critical amenity for future hotel development near Downtown. This site may be ideal because it is both highway serving and will be able to serve visitors using the future HSR. The ability to attract and support a hotel on this site will be contingent on Downtown’s improvement and continued success. Downtown’s success and the viability of a hotel development are symbiotic as overnight visitors will shop and dine Downtown, and Downtown’s ability to attract visitors will improve hotel visitation rates. This analysis also highlights parcels directly above the TVT Opportunity Site, indicated with lighter shading in the image shown above. Should redevelopment of the TVT Opportunity Site occur, repositioning the nearby properties from storage to visitor-serving uses, such as restaurants, will better serve a hotel at the TVT Opportunity Site. Literature on hotel siting indicates that visual connectivity and linkages to active uses, such as restaurants and plazas, are key criteria for hotel placement. Key Constraints As of July 2018 no environmental documents had been prepared to identify the mitigations required to offset impacts generated by developing increased densities on the site. Both the City and property representing property broker have indicated future site designs will need to address improving ingress and egress to the site. In addition, the site is adjacent to a City fire department station, which may be a nuisance for certain development proposals. Opportunity Site #5: Rancho San Ysidro General Information Rancho San Ysidro is an expansive single-parcel site located along SR 152 near Camino Arroyo. The site is approximately 60 acres and is zoned C3—Shopping Center Commercial and M2-General Industrial development. The site is used for agricultural row crop production and is located among the City’s newer big box retail uses and various industrial uses such as industrial services, warehousing, and distribution. Rancho San Ysidro is owned by John Machado, a commercial real estate developer and broker with career-long experience in the County, focusing on retail properties in San Jose and the greater Silicon Valley area. Rancho San Ysidro is not located in a specific 2040 General Plan Focus Area; however, the Alternatives Report indicates the site is planned for General Industrial uses. The site is listed for various opportunities, including sale, ground lease, or joint venture. A marketing brochure for the site indicates potential opportunities for a horizontal mixed-use development consisting of retail, industrial, and R&D uses. EPS Assessment Rancho San Ysidro is a massive opportunity for a creative development. The site is located one- half mile from a US 101 interchange and is 1.5 miles from the future HSR station. Similar to Opportunity Site #3 (Southpoint Business Park), this site has drawn little interest for employment uses from developers. However, John Machado mentioned residential developers have inquired about the site. Unfortunately, existing zoning code will not allow for residential 5.A.a Packet Pg. 101 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Econom devel easte by th townh Key C Buildo prima 2011 impro  C ag  P ch  P in 24 Cit findin of ove devel Califo projec Rancho Sites. I mic & Planning lopment on t ern side of U e economic home or mu Constraints out of the Ra arily related -01,24 which ovements pla omply with t gricultural la rovide bicyc harging stati repare off-si ntersection o ty Resolution gs concernin erriding cons opment, for w ornia Environm ct. o San Ysidro an Image not to s g Systems, Inc this site, and S 101. strengths (p ltifamily apa ancho San Y to traffic im h is now exp ans, the follo the City Agri ands. le and pedes ions, and bu te improvem of Camino Ar No. 2011-01 g significant iderations, fo which an env mental Qualit nd Gilroy Cross scale. c. (EPS) d the City ha pro forma) of artment prod Ysidro Opport pacts. The C ired and wh owing mitiga iculture Mitig strian infrast s transit sto ment plans fo rroyo and SR 1: Resolution effects, mitig or the Rancho vironmental im ty Act, and a sing/Regency P 49 as historically f residential ducts. tunity Site w City provided ich states th ation measur gation Policy tructure, pre p. or the conve R 152, in add of the City C gation measu o San Ysidro mpact report mitigation m Phase II Oppor Gilroy Place-B Public R P:\182000\18202 y resisted re Con pos ma bed to i dev larg to s opp fore res ext Sili Bay em the res Pro dev cen developmen will require e d EPS with TM hat before ap res must be y, requiring a eferential par ersion of one dition to cons Council of the ures and alter commercial/i t was prepare monitoring pro rtunity Based Econom Review Draft Re 20 Gilroy Place-Based Economic Devel esidential dev nsidering the sition as a te arket and acc droom comm integrate res velopment o ge parcels sh solicit intere portunities. I eseeable rea sidential deve tremely high con Valley a y Area. In co mployment us ere is far less sidential real oject feasibili velop a smal nter in Gilroy nt, whether i xtensive mit M 04-15 EIR pproval of a implemente a 1:1 replace rking for car e southbound struction of e City of Gilro rnatives, and industrial sub ed, in accorda ogram was a mic Developmen eport Decemb lopment Strategy\Reports\182020 Pub velopment o e City’s curre ertiary emplo cepted value munity, alter sidential n the remain hould be con st in develop In the curren al estate clim elopment is h demand in and San Fran ontrast to ses developm s uncertainty estate econ ity constrain ll-scale innov y can be ame it is for-sale tigation work R Resolution final map an ed: ement of con rpooling, elec d through lan facilities. oy making req d adopting sta bdivision and ance with the dopted for th nt Strategy ber 4, 2018 blic Review r1 12-04-18.docx on the ent oyment e as a natives ning nsidered pment nt and mate, in the ncisco ment, y in nomics. nts to vation eliorated k, nd final nverted ctric car ne at the quired atements e he 5.A.a Packet Pg. 102 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 50 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx  Prepare off-site improvement plans for installation of a traffic signal at the Cameron Boulevard and Renz Lane intersection.  Include in the final map to show a distance along Cameron Boulevard between SR 152 and Renz Lane of no fewer than 575 feet to provide adequate room for southbound and northbound left turn pockets on Cameron Boulevard.  Prepare off-site improvement plans for Cameron Boulevard and the Cameron Boulevard intersections with SR 152 and Renz Lane. These streets shall be designed to accommodate the northbound and southbound left turn movements and southbound right-turn movement from Cameron Boulevard, as well as the westbound left turn movement from Renz Lane. Storage capacity for the turn lanes shall be based on the requirements for the project scenario approved and on whether or not the Luchessa Avenue connection is completed.  Prepare off-site improvement plans for the construction of a second eastbound through lane at the Monterey Street and Luchessa Avenue intersection.  Prepare off-site improvement plans for the following intersections to accommodate maximum peak-hour vehicle queues: — Monterey Street and Tenth Street: Lengthen the existing southbound left-turn pocket. — Camino Arroyo and Renz Lane: Lengthen the existing northbound right-turn pocket. In addition, add a second northbound left-turn pocket and a second westbound receiving lane on Renz Lane. Opportunity Site #6: Gilroy Crossing/Regency Phase II General Information Gilroy Crossing/Regency Phase II (Gilroy Crossing) is a 10.2-acre single-parcel site located along Camino Arroyo, immediately south of SR 152, across from Rancho San Ysidro. The site is vacant and is surrounded by big box retail and industrial services uses. Gilroy Crossing is included in the Regency/Newman Center Planned Unit Development (PUD), which allows for C3—Shopping Center Commercial, M2—General Industrial, and HC—Highway Commercial uses. Rancho San Ysidro is not located in a specific 2040 General Plan Focus Area; however, the Alternatives Report document indicates the site is planned for General Industrial uses. As of September 2018, CoStar indicates the site is under contract for sale at a listed price of $3 million ($6.77 per square foot), marketed as a retail site. EPS Assessment Gilroy Crossing’s position across from big box retail stores suggests a similar development pattern is inevitable for the site, further confirmed by information shown on CoStar, which indicates the site is marketed as a retail site. The site’s configuration does not appear that it can accommodate similar big box retailers because the site may not provide adequate parking in a design that can foster a pleasant consumer experience. As mentioned in the San Ysidro Opportunity Site assessment, the retail landscape is rapidly changing; and if any additional mid- to large-scale (50,000+ square feet) retail developments are proposed in the City, quality 5.A.a Packet Pg. 103 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 51 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx design, product, and configuration is paramount to ensure the development will fit emerging retail trends. Should future development proposals for the site correspond with the City’s goal to add export- based users, fabrication and manufacturing shops may be an ideal target for Gilroy Crossing. The site is located in a transitionary area between retail and industrial uses. Surrounding industrial users include industrial services companies and a few large distributors. The site is not large enough to accommodate a large distribution or warehouse use but could support a smaller scale manufacturing use or industrial condo project, targeting such users as metal manufacturers/fabricators, machine shops, and communications or electrical equipment manufacturers. A combination of fabricators and industrial services can provide export-based companies, providing B2B sales, in addition to providing a lower overhead base for companies that export industrial services to the greater Silicon Valley. Key Constraints Similar to the Rancho San Ysidro site, the City provided EPS with the Gilroy Crossing Final Mitigation Monitoring Program, which includes significant traffic and other mitigation requirements, as listed below:  At the US 101 northbound off ramp and SR 152 intersection, add a third eastbound through lane on SR 152. The third eastbound through lane could be carried to Camino Arroyo, where it would become an eastbound right-turn lane.  At the Camino Arroyo and SR 152 intersection, extend the triple northbound left-turn lanes to accommodate a 1,325-foot vehicle queue. Also, the eastbound right-turn pockets should be designed to accommodate a 600-foot vehicle queue, and the westbound left-turn pocket should be extended by 25 feet.  For the project driveway on Camino Arroyo, design the double eastbound left-turn lane to provide storage space for 30 queued vehicles. A second southbound left-turn lane should be added to provide storage for 13 queued vehicles.  Provide bicycle, pedestrian, and bus transit facilities on Camino Arroyo.  Pay the incremental cost associated with the accelerated purchase of the City Fire Department aerial truck apparatus. Opportunity Site #7: McCarthy Business Park—Removed from Analysis EPS spoke with Joe McCarthy, a San Jose-based developer, who indicated he is moving forward with a proposed project on this site, and therefore, EPS removed this site from further evaluation. The proposed project, a multitenant speculative building, should provide a near-term indicator regarding the depth of this market segment. 5.A.a Packet Pg. 104 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Econom Oppo Gene Gilroy City’s SR 15 whos inspir hortic about herita 536 a Garde City h to ide increa uses have the C contr of the the n them portio them parki zoned The G Altern desig In Ma the G Coun touris estab Gilroy minim $2 m increa Meeti attrac In 20 consu entire oppor mic & Planning ortunity Si eral Informa y Gardens, lo s western pe 52, is a nonp e mission is re families to culture and t t the City’s s age. The City acres of prop ens. Gilroy G have been w entify opport ase tourism on the prope informed Gi City intends t rol of approx e property lo orth of the G e park. The on has ancill e park, inclu ng lot, gathe d for HC—Hi Gilroy Garde natives Repo nation. arch 2017, G Gilroy Garden cil on future sm and busin blished 10 ye y Gardens bo mum wage in illion by 202 ase from a 2 ing these go ctions. 016, Gilroy G ulting firm, t ety of the 35 rtunities and g Systems, Inc te #8: Gilr ation ocated on th eriphery of profit theme to educate a o appreciate to teach visit storied agricu y owns and l perty to Gilro Gardens and working toget tunities to and hospita erty. City lea lroy Gardens to maintain imately 35 a ocated direct Gilroy Garde City-owned ary uses to t uding an ove ering spaces ghway Comm ns site is not ort documen Gilroy Garden ns master pla plans for th ness develop ears of busin oard membe ncreases, wh 22. Under cu 2016 high of als will requ Gardens cont o prepare a 50-plus-acre d increased r c. (EPS) roy Garden he park and tors ultural leases oy the ther lity aders s that acres tly to ns the erflow , and storag mercial (visit t located in a t indicates th ns board me an study ses he amuseme pment on the ess stabiliza ers are conce hich will incre rrent operat 476,000 to ire significan racted Jack conceptual m property for revenue imp Imag 52 s (City-Ow ge. Under the tor-serving) a specific 20 he City inten mbers and t ssion. Gilroy nt park, focu e property. A ation and has erned about ease the par tions, Gilroy 800,000, re nt investmen Rouse Assoc master plan r added miss acts. Key fea ge not to scale Gilroy Place-B Public R P:\182000\18202 wned Portio e City’s curre uses. 040 General nds to maint the City Cou Gardens bo using on the As of 2017, s experience future econo rk’s operatio Gardens ann eflecting a 2/ nts to increa ciates, a full- to increase sion-driven e atures of the e. Based Econom Review Draft Re 20 Gilroy Place-Based Economic Devel on) ent zoning c Plan Focus A tain a Visitor ncil held a s oard member opportunitie Gilroy Garde ed 5 years of omic challen on spending nual attenda /3 increase in se park prog -service them park attract experiential e master pla mic Developmen eport Decemb lopment Strategy\Reports\182020 Pub ode, the pro Area; howev r-Serving Co pecial meeti rs updated t es and challe ens has prou f modest gro nges, particu by approxim ance will nee n attendance gramming an me park plan ions using th learning n include ou nt Strategy ber 4, 2018 blic Review r1 12-04-18.docx operty is er, the mmercial ng about he City enges of udly owth. larly mately ed to e. nd add nning he utdoor 5.A.a Packet Pg. 105 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 53 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx activity development on the hillside south and adjacent to the theme park and future visitor- serving commercial indicated on a portion of the property abutting SR 152, including the 35-acre portion the City intends to maintain control. EPS Assessment Gilroy has a rich history in agricultural production, particularly garlic production, for which the City is referred to as the “Garlic Capital of the World.” Farming, harvesting, and production of prunes, tomatoes, flowers, onion, and garlic have contributed to the economic health of Gilroy. As the region’s distribution reach has expanded, food processing centers have established in Gilroy. Since the 1990s, wine production and tourism has emerged as a notable industry in areas surrounding the San Francisco Bay Area and the Silicon Valley, including Napa and Sonoma Counties, the Tri-Valley area, and the South County. Eager to capitalize on consumers’ growing inclination for wine, South County civic leaders and winery owners partnered to establish the Santa Clara Valley Wine Trail (Wine Trail). The Wine Trail is a signage program intended to promote agribusiness in the South County and provides a signage network to direct drivers along a wine route through South County communities, including Morgan Hill, San Martin, Gilroy, and surrounding unincorporated communities. Opportunities to recognize the City’s and region’s agricultural heritage should continue to be an economic priority. The Gilroy Gardens Opportunity Site is a chance to bond the City’s horticultural history with current and future economic goals. Further, this site presents an opportunity to forge the Hecker Pass Gateway to the City into a dynamic tourism destination. Wineries and tasting rooms scatter the Hecker Pass Highway just west of the City. The site’s 35 acres is sizeable to accommodate multiple agriculturally inspired attractions to serve a variety of patrons. A network of attractions should gratify local and visiting families, millennial weekend travelers, and Baby Boomers, who may be more inclined to make mid-week overnight trips to avoid the bustling weekend visitors. Potential opportunities are plentiful and may include a public market that hosts local and craft purveyors or an urban farm providing horticultural education programs. Such opportunities are harmonious with Gilroy Gardens’ mission to promote horticulture and environmental stewardship. If Gilroy Gardens is able to realize the potential of the property as indicated in the 2016 Conceptual Master Plan, the City-owned site is well positioned to be established as a mixed-use village offering a mix of hospitality and entertainment uses such as hotel, restaurants, and retail suited to the outdoor activity uses envisioned for the property. Example products include mixed- use village developments commonly associated with mountain ski resorts. Resort operators are able to use the villages to offer attractions beyond snow sports, including concerts, festivals, and conferences.25 However, for this concept to gain investment and development interest, Gilroy Gardens will need to expand to generate overnight visitors needed to occupy village hospitality uses. If this opportunity does not materialize, the City could consider additional options that can still have a great impact on annual visitation and regional tourism spending. 25 Elaine Glusac, “Mountain Resorts Moving Beyond Biking and Hiking,” The New York Times, July 19, 2016, https://www.nytimes.com/2016/07/24/travel/ski-vail-resorts-hiking.html. 5.A.a Packet Pg. 106 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Econom Key C The v Gilroy the e touris unde Gilroy touris No en City s In ad Oppo Gene The G owne outsid the U secon Sport fields Phase row c allow The G in a 2 howe docum for Pa site. EPS A Thoug expan sport Plan ( 8 soft a par struct accom tourn mic & Planning Constraints viability of ge y Gardens’ a xpanded par sm opportun rstands the d y; however, sm attraction nvironmenta state that no dition, the C ortunity Si eral Informa Gilroy Sports ed 78-acre pr de the City b UGB. The site nd phase of t ts Park, whic s and play st e II site is us crop product s for A1—Ag Gilroy Sports 2040 Genera ever, the Alte ment indicat arks and Rec Assessment gh located o nd the Gilroy s and recrea (2004) indic tball fields, 3 rking lot, and tures, a park mmodate gre naments. Wit g Systems, Inc etting a mixe ability to attr rk concepts nities, the de difficulty of t Great Wolf’s n in the City l documents o infrastructu City notes tha te #9: Gilr ation s Park is a Ci roperty locat boundary bu e is a planne the existing ch includes b ructures. Th sed for agric ion. Current gricultural us s Park is not al Plan Focus ernatives Re tes the City p creation uses t outside the C y Sports Par ational event ates the Gilr 3 baseball fie d other supp king lot, and eater capacit th regional a c. (EPS) ed-use villag ract investme indicated in emand for a c this process s initial inter . s have been ure is in plac at significant roy Sports ity- ted just t within ed Gilroy ball he cultural zoning ses. located s Area; port plans s on the City boundary k to accomm ts and tourna roy Sports Pa elds, 2 little port facilities other suppo ty for the Cit accessibility t Im 54 ge “off the gr ents needed the 2016 Co conceived to with the rec est in Gilroy prepared to ce on the site t traffic impr Park (Phas y, the Gilroy modate great aments. The ark (all phas league base . Phase I del ort facilities. ty to host sp to San Jose, mage not to sca Gilroy Place-B Public R P:\182000\18202 round” at th to fund the onceptual Ma ourism villag cent attempt y indicates th identify nee e, requiring rovements w se II) y Sports Park ter capacity e City’s Parks ses) will supp eball fields, p livered 2 sof Buildout of ports and rec Morgan Hill ale. Based Econom Review Draft Re 20 Gilroy Place-Based Economic Devel is location w planning an aster Plan. W e will not ex t to attract G here is poten eded mitigat significant u will likely be k site is an o for the City s & Recreatio ply 7 soccer picnic areas, ftball fields, the Gilroy S creation eve , Santa Cruz mic Developmen eport Decemb lopment Strategy\Reports\182020 Pub will be contin nd developm Without expa xist. The City Great Wolf Lo ntial for a gre ions. Notes f tility work. required. opportunity t to host regio on System M fields overla concessions 1 baseball fi Sports Park w nts and z, Watsonvill nt Strategy ber 4, 2018 blic Review r1 12-04-18.docx gent on ent of anded y odge to eat from the to onal Master apping s stands, eld, play would le, 5.A.a Packet Pg. 107 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 55 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Salinas, Monterey, and Hollister, the Gilroy Sports Park can become a sports venue epicenter with a reach of nearly 3 million people within a 50-mile drive.26 Key Constraints The Gilroy Sports Park is not within the City limit boundary or Urban Service Area (USA). Any non-City development would be subject to Local Agency Formation Commission (LAFCo) approval of the USA and annexation process. Furthermore, the site is subject to the City Agriculture Mitigation Policy, requiring a 1:1 replacement of converted agricultural lands. Other infrastructure improvements will be required, primarily traffic improvements. The project’s EIR was prepared for a project area including 27.72 acres of residential neighborhood development and 27.13 acres of commercial general services development; therefore, it is difficult to discern the infrastructure improvements needed to serve the Gilroy Sports Park.27 City notes state significant traffic improvements will be required for buildout of the park. Corridors Gilroy residents’ approval of a new UGB places limits on the City’s ability to accommodate new commercial, industrial, and residential growth to several greenfield sites and the speculation that infill development will occur within the City’s existing urban fabric. The City engaged EPS to evaluate the feasibility of infill development along 3 City corridors, as listed below: 1. First Street between Santa Teresa Boulevard and Church Street. 2. Tenth Street between Monterey Street and US 101. 3. Monterey Street between Third and Tenth Streets. In total, EPS identified 7 total Corridor Sites that have potential for immediate development or should be considered for future repositioning. The sections below detail the role of each corridor and identify the sites that should be considered for development or repositioning that coincides with the City’s vision, as expressed in various City planning documents. Table 4-2 summarizes basic information about each Corridor Site, including location, area, and existing uses, in addition to providing a summary of EPS’s assessment of development potential aligned with the City’s economic development goals. EPS’s assessment of each Corridor Site is provided below. First Street Corridor Extending from Santa Teresa Boulevard to Monterey Street, the section of First Street considered in this analysis is generally an auto-centric corridor planned to provide neighborhood-serving shopping centers occupied by grocery stores, fast-food and casual eateries, and personal services business (e.g., banks, dry cleaners, salons). First Street is a designated Focus Area in the City’s Alternatives Report. The Alternatives Report indicates the City envisions mixed-use or commercially focused concepts for the corridor, as demonstrated in excerpts of the Alternatives Report provided in Appendix C. 26 US Census Bureau, Esri Business Analyst Online. 27 Gilroy Urban Service Area Amendment 98-03 Subsequent Final EIR, February 2002. EMC Planning Group Inc. 5.A.a Packet Pg. 108 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTPage 1 of 2Table 4-2City of GilroyPlace-Based Economic Development StrategySummary of Corridor Sites Key AttributesOpportunity Site Site Area Existing Use(s) Current Zoning City Plan Alternatives [1] [2] EPS AssessmentFIRST STREET CORRIDORContempo PlazaFirst Street & Westwood Drive± 4.2 Acres Neighborhood Retail Shopping CenterC3 - Shopping Center Commercial2040 General Plan Alternatives Report Focus Area 3Alt. 1: Mixed-Use LowAlt. 2 & 3: Mixed-Use HighDiscussions with commercial real estate professionals in Gilroy indicate this shopping center has been struggling to retain tenants over the past couple years, with occupancy rates hovering around 60 percent. First Street is lined with shopping centers, and the evidence that this retail center struggles to retain tenants indicates that First Street is oversaturated with retail uses, or that retail struggles in shopping centers without a core anchor tenant.Medium- to high-density housing residential with a small retail component is likely to be a feasible opportunity for developers interested in acquiring the center for redevelopment. First Street & Kern Avenue± 3.4 Acres Vacant C3 - Shopping Center Commercial2040 General Plan Alternatives Report Focus Area 3All Alternatives: High Density ResidentialIn agreeance with the City's vision for this parcel, EPS identifies this site as a potential opportunity for high-density residential. The site is located adjacent to existing high-density residential apartments and retail shopping centers. This site can add to the City's housing stock with products that are within walking distance of parks, schools, grocery stores, and other retail.TENTH STREET CORRIDOR [3]OSH Building10th Street & Alexander Street± 4.3 Acres Vacant OSH Store & Surface ParkingHC - Highway Commercial2016 Downtown Station Area PlanAlt. 1: HotelAlt. 2: Mixed-Use Housing w/RetailAlt. 3: Office w/RetailLocated adjacent to the future Gilroy HSR station, this site is well positioned to be a mixed-use housing development. This site is primed for repositioning that aligns with TOD strategies to increase population densities around major transit hubs. This site and proximity underutilized parcels should be considered for a master planned effort to create a Downtown gateway the City envisions for this area. Creating direct pedestrian access to the HSR station and Monterey Road should be a critical design consideration to improve the connectivity between the western and eastern sides of the existing rail line.Prepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2565.A.aPacket Pg. 109Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTPage 2 of 2Table 4-2City of GilroyPlace-Based Economic Development StrategySummary of Corridor Sites Key AttributesOpportunity Site Site Area Existing Use(s) Current Zoning City Plan Alternatives [1] [2] EPS AssessmentMONTEREY STREETMonterey Street & Third Street± 0.3 Acres Vacant Downtown Expansion District2005 Downtown Specific PlanDowntown Expansion District - Desired uses include retail, restaurants, cafes, offices above retail, select commercial services, hotel, inn, bed & breakfast, and residential above street frontage.Possibilities for an impactful development at this site is a challenging task and opportunity. This site is located at a transitional area of Monterey where the urban form changes from auto oriented (e.g., deep setbacks, street fronting surface parking) to pedestrian oriented. Currently there is limited supply and demand for office uses, but the emerging trend of coworking spaces could fit in this location. Opportunities to mix this use with a cafe, or mixed-use residential are suggested.Monterey Street & Fourth Street± 0.5 Acres Vacant Downtown Historic District2005 Downtown Specific PlanDowntown Historic District - Desired uses include unique street front retail, offices and apartments over retail, entertainment, and selected service uses.This vacant parcel appears to be the most development ready location in Downtown Gilroy. A new development at this site can complete this corner, in addition to creating interest in expanding downtown revitalization north of 4th Street. Viable opportunities may include a 3-story mixed use development with residential over ground-floor retail/restaurants.Arts CenterMonterey Street & 7th Street± 2.5 Acres Arts Center, Surface Parking, Vacant Lot, Community GardenCivic/Cultural Arts District2016 Downtown Station Area PlanAlt. 1: Parking & Civic/Public FacilityAlt. 2: Arts Center w/RetailAlt. 3: Mixed Use HousingThis site, in conjunction with the Hornlein Court site, can establish a cultural arts node in Downtown. The City owns a majority of the site, which can bode well for a P3 opportunity to combine public-serving amenities with commercial developments such as residential and restaurants/retail. Also, this site is well located for a parking structure to serve Downtown establishments and the HSR station.Hornlein CourtMonterey Street & Hornlein Court± 2.3 Acres Refurbished/Vacant Gas Station, Restaurant, Obsolete StreetDowntown Historic District2016 Downtown Station Area PlanAlt. 1 & 3: Mixed Use HousingAlt. 2: Parking & Mixed Use HousingThe site comprises multiple parcels and a defunct street segment. The potential for redevelopment of this site would be improved if Hornlein Court is eliminated and parcelized with adjacent lots to increase the capacity for development. Being located one block from the future HSR station, this site can be attractive for a variety of uses, including multifamily residential and retail/restaurant users. A unique restaurant tenant may be able to utilize the former gas and service station, which possesses vintage architectural features.corridor summSource: City of Gilroy; discussions with various property owners and brokers; EPS.[1] Reflects land use(s) proposed for site based on City planning documents, including the City of Gilroy 2040 General Plan Alternatives Report (2018), the Downtown Gilroy Station Area Plan (2016), and the Downtown Specific Plan (2005).[2] See Appendix C for additional proposed land use information about the City of Gilroy 2040 General Plan Alternatives Report.[3] In addition to the opportunity areas shown below, see Table 4-1 regarding the TVT Site, an Opportunity Site located on Tenth Street.Prepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2575.A.aPacket Pg. 110Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Econom First Wats which stree devel Shop retail a sma with c occup oppor Large Safew Corrid Stree The s condi First Gene Conte Stree strip servic veter servin vario Conte land First S image mic & Planning Street is a s onville. 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(EPS) SR 152 that l xt, First Stre o reposition ill be necess ore intensifie tern portion d by busines g market, co professionals pping centers edevelopme shopping ce exist along t d residential First Street and potentia 1: Contempo rhood comm The shoppin one building alon, dry clea uses include to the east, a g retail and l Focus Area atives for thi City 2040 Gene 58 eads to Hec eet is design First Street ary to ensur ed in the fut of the First S ses serving onvenience s s in Gilroy an s, and few if nt of sites. enters with a he central an l developme Corridor Sit al alternative o Plaza mercial shopp g center is a g occupied by aner), a conv e multifamily a larger com locally servin 3 of the Alte s site, as list eral Plan Altern Gilroy Place-B Public R P:\182000\18202 ker Pass, wh ed to handle as a mixed- re safe and e ture. Street Corrid Latino popu stores, taque nd observatio f any propert anchor groce nd western p nts prevail o tes and desc es for develo ping center lo approximate y fast-food a venience sto y residential mmunity shop ng office use ernatives Re ted below: natives Report Based Econom Review Draft Re 20 Gilroy Place-Based Economic Devel here it conne e considerab -use corridor efficient mult dor are smal lations. Exis erias, and sa ons indicate ty owners m ery store ten portions of t on the weste cribe each sit opment or re ocated at th ly 4.2 acres and casual re ore, a fitness to the north pping center es to the wes port, which First Street Fo mic Developmen eport Decemb lopment Strategy\Reports\182020 Pub ects to the C ble automobi r. Traffic and timodal use ller, are desi ting tenants alons. Discus there is hig may be intere nants such as he First Stre ern extents o te’s existing epurposing. e corner of F and has 2 re estaurants, p s studio, and h, neighborh r to the south st. identifies 2 d ocus Area boun nt Strategy ber 4, 2018 blic Review r1 12-04-18.docx City of le traffic, d as igned as include ssions h ested in s eet of First First etail personal d a ood- h, and different ndary. Note 5.A.a Packet Pg. 111 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 59 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx  Alternative 1: Mixed-Use Low  Alternatives 2 & 3: Mixed-Use High EPS Assessment Discussions with commercial real estate professionals in Gilroy indicate this shopping center has been struggling to retain tenants over the past couple years, with anemic occupancy rates hovering around 60 percent. First Street is saturated with larger shopping centers anchored by chain grocery stores (e.g., Safeway, Nob Hill Foods), and the evidence that this retail center struggles demonstrates that without a reputable anchor tenant, this shopping center should be positioned for reuse or redevelopment. Medium- to high-density residential is likely to be a feasible opportunity for developers interested in acquiring the center for redevelopment. As mentioned in prior Opportunity Site evaluations, residential development carries strong pro forma performance. Providing infill residential development with a possible inclusion of small-scale onsite retail, such as a café, will increase population densities near existing retail shopping centers, therefore sustaining the performance of these centers in the future. Key Constraints As described above, Contempo Plaza includes 3 buildings on the property. CoStar indicates the 2 retail strip buildings are owned by a single family trust, and the stand-alone building is owned by a different holding company. Future plans to reposition and redevelop this site will require cooperation from both parties. Hypothetically, one party may be less inclined to sell or consider redeveloping if their asset is cash flowing, whereas another party may feel the property is distressed and needs to be modernized. Redeveloping this site will rely on both parties agreeing to partner together, one acquiring the other’s property, or both selling to a prospective developer. All three options are hinged on speculation and may not materialize without an urgent incentive. First Street Corridor Site #2: First Street and Kern Avenue General Information Located across from the Gavilan Hills Memorial Park cemetery, this vacant corridor site is approximately 3.4 acres and is zoned C3—Shopping Center Commercial. High-density residential borders the site to the north, community commercial shopping to the east, the cemetery to the south, and neighborhood-serving retail and civic uses to the west. This site is located in Focus Area 3 of the Alternatives Report, and the Alternatives Report indicates the City intends to designate the site as High-Density Residential. EPS Assessment In agreeance with the City’s vision for this parcel, EPS identifies this site as a potential opportunity for high-density residential development. The site is located adjacent to existing high-density residential apartments and retail shopping centers; therefore, an apartment project will be suitable with surrounding uses. This site can add to the City’s housing stock with a product that is within walking distance of parks, schools, grocery stores, and other retail and personal services businesses. 5.A.a Packet Pg. 112 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 60 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Key Constraints The subject parcel is not zoned for residential development, requiring a rezone; however, multifamily residential uses on this site appear to be envisioned by the City as indicated by the City’s Alternatives Report. Currently, residential development economics are favorable as rental rates continue to increase, and there is pent-up demand in the Silicon Valley resulting from the sustained increase in jobs but lack of housing production. Although the revenue side of residential development may appear promising, construction costs have dramatically increased over the past 5 years because of escalating materials costs and dire lack of construction and trades labor. Reports indicate that nationally, the average delay in apartment project delivery is nearly 6 months, citing labor constraints.28 Tenth Street Corridor The City engaged EPS to evaluate new development opportunities on the Tenth Street Corridor. For the purposes of this analysis, the Tenth Street Corridor is defined as the segment between Monterey Street and US 101. Historical land use planning for the Tenth Street Corridor is dictated by the 2005 Downtown Specific Plan for a subsegment between Monterey Street and Alexander Street and the 2020 General Plan for the remaining portion between Alexander Street and US 101. The Tenth Street Corridor serves as a commercial corridor with a variety of retail types. The north side of Tenth Street includes a variety of convenience retail strip centers and the shuttered Orchard Supply Hardware (OSH) store. The south side of Tenth Street consists of larger community-serving shopping centers occupied by wholesale grocers, pharmacies, discount apparel stores, and various fast-food and casual eateries, among other tenants. The City’s Automall, developed in the 1990s, is located south of the Tenth Street Corridor along Chestnut Street. Like the First Street Corridor, Tenth Street is a gateway to the City’s Downtown. East of US 101, Tenth Street is replaced in name by the Pacheco Pass Highway (SR 152) that extends westward to Interstate 5, passing by Casa De Fruta and the San Luis Reservoir. This feature establishes the Tenth Street Corridor as the southern gateway to Downtown. Furthermore, this corridor is likely to undergo transition in the future because of its proximity to the future HSR station, located on Monterey Street between Seventh and Eighth Streets. The Tenth Street Corridor is included in the City’s Downtown Station Area Plan, providing 3 alternatives envisioning land use changing to add high-density housing, office uses, hotels, or retail uses along the Tenth Street Corridor. Excerpts of the Downtown Station Area Plan detailing the land use alternative concepts are provided in Appendix C. EPS included 2 Tenth Street Corridor sites in this analysis. However, 1 of the sites is also Opportunity Site #4 (TVT) and is therefore included in the Opportunity Sites analysis. An evaluation for the other Tenth Street Corridor site is provided below. 28 State of the US Multifamily Market. June 11, 2018. CoStar Group. 5.A.a Packet Pg. 113 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 61 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Tenth Street Corridor Site #1: OSH Site General Information In 2014, OSH closed its doors for the last time at the Tenth Street location after company executives decided not to renew the building’s lease.29 OSH has deep roots in the Silicon Valley and was founded in San Jose in 1931. The company started as a co-op–supplying fruit grower in an era when the County was bountiful in fruit production. OSH adapted to the market, growing into a general hardware store and supply company catering to homeowners and gardeners alike. The company was acquired by Sears in 1996, then later by Lowe’s when the OSH brand fell into bankruptcy. Lowe’s later announced in August 2018 that all remaining OSH stores were closing, citing the brand’s performance was not worth keeping alive.30 OSH’s Gilroy closure introduced a 35,600-square-foot building on a 4.3-acre site to the market that has yet to be occupied by a new user; however, windshield surveys indicate the site’s parking lot is being used as an overflow lot for the South County Chrysler Dodge Jeep Ram Fiat dealership located in the nearby Gilroy Automall. The site is surrounded by a variety of uses: industrial supply companies and storage yards to the north, a locally serving commercial shopping center to the east, a community-serving shopping center to the south, and flex spaces, warehousing, and retail uses to the west. In addition, a 4-story 262-unit affordable apartment development that is nearly complete is located catercorner to the OSH Site. The OSH Site is located in the Downtown Station Area Plan, which identifies 3 different land use development alternatives for this site, as listed below:  Alternative 1: Hotel  Alternative 2: Mixed-Use Housing with Ground-Floor Retail  Alternative 3: Office with Ground-Floor Retail EPS Assessment The ongoing retail transformation has sadly disposed OSH in Gilroy and as an entire enterprise. As disappointing as OSH’s departure is for Gilroy, this site unlocks tremendous potential to establish a bona fide HSR transit village. The OSH Site is primed for repositioning that aligns with TOD strategies to increase population densities around major transit hubs. This site and its proximity to underutilized parcels should be considered for a rigorous master planned effort to create a gateway the City envisions for the Tenth Street end of Downtown. As an initial phase, a mixed-use residential development with ground-floor retail should be considered at this site, but the City should engage nearby property owners to the north of the site to gauge interest in partnering in future phases to expand the TOD village to the corner of Alexander and Eighth Streets. 29 OSH Closing, July 10, 2014, Gilroy Dispatch. 30 Lowe’s closing Orchard Supply Hardware chain it acquired out of bankruptcy, August 22, 2018, LA Times. 5.A.a Packet Pg. 114 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Econom Howe in thi from tenan Berke wareh Key C Coop initial positi redev curre Gilroy even cars a addit redev be th Mont Monte Down dining assig new d sites and T Corrid Plan f desig terms the D portio Civic/ Down from Appe Down In ge includ buildi groun select cafés mic & Planning ever, industr s analysis cu their existin nts fosters a eley where fu houses are m Constraints eration on b l challenge t ion it as a m velopment w nt property y real estate though OSH and trucks fo ional means veloping the e biggest ch terey Stree erey Street i ntown Gilroy g, and enter ned EPS to e development on Monterey Tenth Streets dor). 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(EPS) rs and produ rate in this a In fact, integ eclectic dist pentries, lan sitioned with landowner t ng Downtown high-density to improve t not appear t als indicates e property 4 Chrysler dea ng revenue f g with the c this property one of opping, he City potential fo opment of ween Third Street wn Specific Corridor eet Corridor onsisting of ct, with ng in the d the t. Excerpts in fferent ary uses. these distric xed-use office above ment uses, aurants, ational uses. 62 ucers (e.g., M area. EPS is grating newly rict, similar dscaping su new residen to redevelop n as a TOD. T y residential the closer HS to be rushed the property 4 years ago. alership dem from the site urrent lando y. r in ts Monterey boundary Gilroy Place-B Public R P:\182000\18202 Machinist Gr not suggesti y planned de to the areas pply compan ntial, office, or sell the p The site alon developmen SR comes to d to overhau y is still unde Furthermore onstrates th e. Besides un owner to rea y Street sites s y. Image not to Based Econom Review Draft Re 20 Gilroy Place-Based Economic Devel roup, Greent ing these us evelopment s of Fourth a nies, and cof and retail de property will ne is intrigui nt, and the o operating. T l the site. Co er a long-ter e, the appare e property o nmentioned lize a higher shown with the o scale. mic Developmen eport Decemb lopment Strategy\Reports\182020 Pub tripe.com) pr ers be pushe around lega nd Fifth Stre ffee roasting evelopment. be the grea ng enough t outlook for That said, th orresponden rm lease with ent deal to h owner found cost implica r use for the e Station Area P nt Strategy ber 4, 2018 blic Review r1 12-04-18.docx romoted ed away cy eets in g test to he nce with h OSH, host new an tions of site will Plan 5.A.a Packet Pg. 115 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 63 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Of critical importance for the future of Downtown Gilroy’s resurgence, the Gilroy Transit Center is located on Monterey Street. The Transit Center currently serves regional transit operators such as Caltrain and VTA, in addition to local bus transit operators. The Transit Center and nearby properties are expected to undergo significant transformation when millions of dollars in station and infrastructure improvements are initiated in the near future. It is fair to speculate that private investments will flow into Downtown Gilroy by the time HSR is operating through Gilroy. The Downtown Station Area Plan indicates, at 2040 buildout, the entire plan area can accommodate substantial new residential and nonresidential growth, as listed below:  Residential growth: 240 to 1,760 new units.  Office growth: 186,000 to 645,000 square feet of office space.  Retail growth: 383,000 to 531,000 square feet of retail space.  Hotel growth: 290 to 1,400 new hotel rooms. Considering these anticipated changes, EPS evaluated 4 Monterey Street Corridor sites that have potential for near-term development, as detailed in the sections below. Monterey Street Corridor Site #1: Third Street General Information The corner of Monterey Street and Third Street is a vacant 0.3-acre site on the periphery of Downtown where auto-oriented uses transition to more intensive uses indicative of a traditional small-town Downtown setting, such as high-density residential31 and a mix of commercial uses. The Third Street site’s land use and zoning designation is dictated by the 2005 Downtown Specific Plan. This site is designated as Downtown Expansion District, which allows for the following intended uses: retail, restaurants, cafés, office above ground-floor retail, select commercial services, visitor-serving hotel, inn, bed & breakfast, and residential above ground- floor retail. EPS Assessment The possibilities for designing an impactful development at this site may be a challenging task. The Third Street site is located in a transitional area of Monterey Street where the urban form changes from auto oriented (e.g., deep setbacks, street fronting surface parking) to pedestrian oriented. Development north of this site is mostly limited to 1-story structures, so there may be opposition to construct anything beyond 2 stories at this site. Furthermore, the site appears to be a vacant lot dating back to 2008. Before 2008, the site was used as a surface parking lot. Perhaps this site was slated for development but stymied by the Recession. Given nearby densities and the intended uses for this area as indicated by the 2005 Downtown Specific Plan, a combined café and office coworking space may be a viable opportunity on the fringe of Downtown Gilroy. There is 1 coworking space in Gilroy, Greenhouse Coworking, located at Monterey Street and Martin Street. Providing flexible working spaces may allow more Gilroy residents employed outside the City to work remotely in Downtown. As this concept develops, 31 For context of existing Downtown residential uses, high-density residential describes 3-story apartment buildings. 5.A.a Packet Pg. 116 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 64 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx the space may provide an opportunity for entrepreneurial residents to establish startup companies rooted in Downtown Gilroy. This concept is aligned with the City’s intended uses for this area of Downtown to supply cafés and office space along this portion of Monterey Street. Key Constraints Generally, coworking spaces occupy vacant office or retail spaces. Significant capital investments will be required to create a new space from the ground up. This concept may be more viable in a vertical mixed-use setting with residential uses above the ground floor. Residential development’s strong economic performance may be able to overcome financial shortcomings. Monterey Street Corridor Site #2: Fourth Street General Information Located just a block away from the Third Street site, the corner of Monterey Street and Fourth Street is a vacant 0.5 acre site that is in a transitionary area of Downtown. The site is surrounded by commercial uses and high-density residential. According to the 2005 Downtown Specific Plan, the Fourth Street site’s land use and zoning designation is Downtown Historic District, which allows for the following intended uses: unique street front retail, offices and apartments over ground-floor retail, entertainment, and selected service uses. EPS Assessment Another vacant lot located a block away from the Third Street site, this location may have greater development intrigue because surrounding uses are denser and may be faced with less opposition to expand the building envelope to 3 stories at this key corner site. Notably, this corner acts as the gateway to Downtown’s historic district, where the urban context transitions from auto-oriented uses to traditional downtown characteristics, lined with retail store fronts and restaurants. A new development at this site will complete Downtown’s gateway to the historic district and can generate interest in new developments north of Fourth Street, where new life and character is needed. Viable opportunities may include a mixed-use development of residential over retail up to 3 stories in height. Based on surrounding buildings and uses, this building height should be accepted at this location. Key Constraints At this time, no site-specific constraints are identified beyond obvious factors such as initial capital investments needed to undertake any development project on this site. Monterey Street Site #3: Arts Center General Information The Arts Center Corridor Site is a multiparcel site located at Monterey Street and Seventh Street, comprising the existing Gilroy Center for the Arts and adjacent parcels currently used as a corner surface parking lot, a vacant corner property at Eigleberry and Seventh Streets, and a community garden. The site is positioned catercorner from the proposed HSR station and across from Monterey Street Site No. 4 (Hornlein Court). The Gilroy Arts Alliance leases a 5,000-square-foot building, known as the Gilroy Center for the Arts, on a 2.5-acre City-owned property, which comprises a majority of the Corridor Site. The 2.5-acre City-owned property was intended to be the site of a planned 35,000-square-foot multi- 5.A.a Packet Pg. 117 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 65 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx use performance and visual arts center; however, the Recession and ongoing lack of capital have derailed efforts to construct a new facility. Since 2010, the Gilroy Arts Alliance has offered a portion of the property, known as the Demonstration Garden, to a group of community farmers where summer harvests are gathered annually and artists have enjoyed outdoor painting and crafting. The Arts Center site is located in the Downtown Station Area Plan, which identifies 3 alternative uses for the site, as listed below:  Alternative 1: Parking and Civic/Public Facility  Alternative 2: Arts Center with Ground-Floor Retail  Alternative 3: Mixed-Use Housing EPS Assessment The Gilroy Center for the Arts, in its current capacity, is insufficient for current demands. Articles cite that events are limited to 49 attendees, hindered by the art center’s building size and code restrictions. A 2016 Gilroy Dispatch article mentions that Gilroy Arts Alliance members believe events can draw greater crowds; however, the center’s limitations cannot accommodate larger events, thereby limiting revenues generated by Gilroy Center for the Arts events.32 Constructing, maintaining, and operating civic galleries or museums is a difficult endeavor, often generating a deficit. With that in mind, this site is sizeable enough to engage additional uses to offset budget deficits generated by an expanded arts center. This presents an opportunity for the City to engage in a public-private partnership (P3) to attract a private party to develop a revenue-generating use to offset potential deficits generated by an expanded arts center. Adjoining uses may include a mixed-use housing development with ground-floor retail. Alternatively, as identified in the Downtown Station Area Plan, this site may be an adequate location for a Downtown parking structure with ground-floor retail or an art center. Parking may not seem to be an ideal use of space in a Downtown setting; however, lack of parking may prevent patrons from coming 32 Gilroy Really Needs an Arts Center, March 9, 2016, Gilroy Dispatch. Public Private Partnership (P3) Basics P3 is a project delivery method where a public entity engages a private developer to design, build, finance and potentially maintain and operate a public facility. P3s are widely used in Canada and the UK for health care facility and transportation infrastructure projects. Other examples in the US are provided below. - Long Beach Civic Center: Plenary/Edgemoor Civic Partners will construct a $520 million civic center for the Cities and Port of Long Beach in exchange for land on which the development group will develop private developments valued at more than $350 million. -UC Merced 2020 Project: UC Merced partnered with Plenary to construct a $1.3 billion campus expansion including new teaching facilities, research laboratories, student housing, faculty offices, and athletic, dining and student life amenities. -Chula Vista Bayfront: The Port of San Diego and City of Chula Vista engaged RIDA Development Corp. to construct a 1,600 room waterfront resort hotel with a 275,000 square foot convention center. The developer will carry $785 million of debt and equity while the public team will deliver $300 million in public financing. 5.A.a Packet Pg. 118 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Econom Down settin the co Gilroy but th a 550 appro impro know Key C Gene A key fundi engag Mont Gener The H Hornl sever vintag is occ Hornl which below  A  A EPS A In its Court indica track Court appro Stree great adjus for ne Locat locati reside may mic & Planning ntown to enj ng for a park ore of Monte y residents a his model ha 0-spot parkin oximately 1.4 ovements, h wn for its spra Constraints rally, capita y attribute ab ng to develo ge a P3 oppo terey Street ral Informatio Hornlein Cou lein Court on ral parcels, f ge Texaco g cupied by a r lein Court is h identifies 2 w: lternatives 1 lternative 2: Assessment current layo t Corridor Sit ates that Old s, was bifurc t. Hornlein C oximately 10 et. 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Vacant mid-cen t Monterey Str treet. mic Developmen eport Decemb lopment Strategy\Reports\182020 Pub uld be an ide d 1 block aw n ideal oppor Roseville de d-use buildin y funded city more of nters. pment of this s not have th City may be s and service preserving a r wine bar and sed gas station tury gas statio reet and Old Gi nt Strategy ber 4, 2018 blic Review r1 12-04-18.docx eal way from rtunity, eveloped ng on ften s site. he e able to e station and d eatery n in St. on located ilroy 5.A.a Packet Pg. 119 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Econom impro ancho arts n Stree City-o levera Key C The c oppor recon devel initiat partn howe land t Pla Imp Since throu a Gilr 2040 pend UGB City a altern Altern emplo As a comm Oppo City p Table Focu  O  O North bound south exclu the U mic & Planning oving this un or to the Art node at the i ets. 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(EPS) can position rridor Site to of Monterey enter site, th h the City m s in the futur his site a viab rnlein Court s, which wou exibility. This gh an engag ay create ris te risk by se er. s e Alter ergone a pro ts consultant ackground R cument. In A sure H, the U opment outs pleted the Al valuations of where the C ring the land sis, the City ndings may i may be out vides a summ Gilroy Animas n Ysidro pproximately the west, B ast. A majori and northeas 67 this site as a o forge a cult and Sevent his site conta may be able t re. ble redevelo and subsequ uld enable gr s would have ement with sk for the Cit elling or leasi r native ocess to upd ts completed Report, a Gilr April 2016, th UGB ballot in side the boun ternatives R f those alter City anticipat d supply limi and the GED inform growt t of order for mary of the y 350 acres uena Vista A ty of the of st corners, w Gilroy Place-B Public R P:\182000\18202 a co- tural th ains a to pment uent reater e to be a ty; ing the s date the City d an Econom roy Housing he General P nitiative. Mea ndary throug Report, which natives base ted absorbin itations impo DC asked EP th expectatio r the purpose interpretatio in the far no Avenue to th Focus Area 5 which are not Lo fo a Based Econom Review Draft Re 20 Gilroy Place-Based Economic Devel ’s General P mic Developm Element, an Plan process asure H pass gh 2040. Sin h introduced ed on a varie ng future res osed by the PS to take no ons in the C es of relating ons detailed ortheast corn e north, Lea 5 is within th t within city ocated in North ormer gas stat n LED art insta mic Developmen eport Decemb lopment Strategy\Reports\182020 Pub lan. From 20 ment Strateg nd a Gilroy was suspen sed, establis nce that time 3 distinct la ety of criteria sidential and UGB. otes and ma ity. Note, so g the sites to below. ner of the Ci avesley Road he city limits limits but ar th Amsterdam, tion has been r allation. nt Strategy ber 4, 2018 blic Review r1 12-04-18.docx 013 ic Plan, ded hing an e, the and use a. The ke ome o various ty, d to the s, re within this reused as 5.A.a Packet Pg. 120 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 68 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Under the 2020 General Plan, most of this focus area is designated Industrial Park and General Services Commercial and Campus Industrial Park. The Alternatives Report indicates that the existing rural residential development and fragmented ownership make this area less likely to develop in the short term. The sections below detail the 3 concepts recognized for this area, including potential residential and employment buildout for the alternatives. Concept 1: Industrial Park Emphasis Concept 1 designates much of the focus area as Industrial Park, with an area of Public and Quasi-Public Facility for St. Louise Hospital and an area of General Services Commercial for regional shopping, including the Outlets. This concept envisions 0 residential units and approximately 3,000 jobs for this area at buildout. Concept 2: Neighborhood District High North of Las Animas Avenue Concept 2 designates the land north of Las Animas Avenue and west of US 101 as Neighborhood District High, consistent with the Neighborhood District designation on the west side of Monterey Street. This concept envisions approximately 1,000 single-family residential units, 1,000 multifamily residential units, and approximately 1,800 jobs at buildout. Concept 3: Employment Center North of Las Animas Avenue Concept 3 designates a significant portion of land previously designated Industrial Park as Employment Center. The Employment Center designation allows for employment development at a higher intensity than Industrial Park. This concept envisions 0 residential units and approximately 7,100 jobs at buildout. EPS Evaluation In general, EPS’s evaluation of Opportunity Site #1 and Opportunity Site #2 are consistent with the alternatives identified for this Focus Area. Opportunity Site #1: Las Animas At approximately 50 acres, the Las Animas site comprises a large portion of the vacant or underutilized area of Focus Area 5. EPS’s assessment of either employment center or medium- density residential uses is consistent with the designations described in the concepts above. Employment uses can improve the City’s jobs/housing balance, while residential development is consistent with new developments in this area of the City. Buildout yields using conservative assumptions demonstrate the site can accommodate approximately 500 residential units or 1,600 jobs, as indicated in the table below. 5.A.a Packet Pg. 121 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 69 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Opportunity Site #2: San Ysidro In all 3 concepts described above, the San Ysidro site is anticipated to be designated as General Services Commercial, which is practical considering the site’s proximity to the Outlets. Considered as an ideal location for experiential or other concept retail uses, EPS’s evaluation of this site is consistent with the proposed General Plan alternatives. Focus Area 3: First Street Corridor  First Street Corridor Site #1  First Street Corridor Site #2 The First Street Corridor is one of the primary east-west routes through the City. The 76-acre Focus Area includes the properties fronting First Street between Santa Teresa Boulevard to the west and Monterey Street to the east. Under the existing 2020 General Plan, a majority of the corridor is designated as General Services Commercial, with a few parcels designated as high- density residential. The sections below detail the 3 concepts recognized for this area, including potential residential and employment buildout for the alternatives. Concept 1: Mixed-Use Low Concept 1 designates most of this area Mixed-Use (i.e., 20 to 30 dwelling units per acre and Floor Area Ratio [FAR] of up to 2.5). Mixed-use development encourages a mix of retail, office, high-density housing, plazas, and parks. Development under this scenario should be concentrated at major intersection and should be pedestrian-oriented. This concept envisions 450 multifamily residential units and approximately 600 jobs at buildout. Concept 2: Mixed-Use High Concept 2 designated most of this area Mixed-Use High, which would increase the allowable densities to 20 to 40 dwelling units per acre and FAR of up to 4.0. This concept envisions 530 multifamily units and approximately 750 jobs. Concept 3: Commercial Focus This concept retains the existing General Services Commercial at the intersection of Wren Avenue, which allows for a broad range of commercial uses (e.g., grocery stores, restaurants, banks, big box stores) and uses with “commercial and industrial” characteristics, such as small welding shops and automobile sales and services. This concept designates the reminder of First Opportunity Site #1: Las Animas Assumed Uses Acres Gross-to- Net Ratio Net Developable Acres Density Sq. Ft. or Units Employee per Sq. Ft. Estimated Jobs (Rounded) FAR Sq. Ft. Employment Uses 50 0.85 42.5 0.30 555,390 350 1,600 DU/Ac. Units Medium-Density Residential 50 0.85 42.5 12.0 510 - - 5.A.a Packet Pg. 122 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 70 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Street as Mixed-Use High. This concept envisions 430 multifamily residential units and approximately 400 jobs. EPS Evaluation With the exception of a few large vacant parcels, the First Street Corridor is mostly built out. The eastern portion of the corridor consists of many small shopping centers catering to the City’s Latino populations. Discussions with real estate professionals in Gilroy indicate the small shopping centers experience strong occupancy, and existing property owners have no near- future plans to sell or redevelop. In addition, many of the shopping centers on the eastern edge, between Church Street and Wayland Lane, are located on narrow parcels, which may restrict potential redevelopment. Moving toward the western portion of the corridor, there are a few large vacant parcels and an underperforming shopping center that may be suited for development or repositioning, consistent with the concepts in the Alternatives Report. In general, while there may not be substantial opportunities for significant development or redevelopment, the mixed-use, pedestrian-oriented feel envisioned for this corridor will need to be fostered through urban design improvements to support a multimodal corridor as opposed to auto-dominant. The small-scale centers on the east end of this corridor could use façade improvements that could require some favorable funding arrangements (e.g., grants and low interest loans) from the City or GEDC, potentially from a revolving loan fund that could be established. Focus Area 4: Downtown Gilroy  Opportunity Site #4: TVT Site  Tenth Street Corridor Site #1: OSH Site  Monterey Street Corridor Site #1: Monterey and Third Streets  Monterey Street Corridor Site #2: Monterey and Fourth Streets  Monterey Street Corridor Site #3: Arts Center  Monterey Street Corridor Site #4: Hornlein Court The Alternatives Report indicates significant change is anticipated for Downtown Gilroy. In 2005, the City adopted the Downtown Gilroy Specific Plan, and the City is preparing the Downtown Station Area Plan, which will update the Downtown Specific Plan and integrate the future HSR station. The Downtown Station Area Plan provides site-specific alternative recommendations for 3 plan area concepts. The sections below synthesize information from various sources that are relevant to the Opportunity and Corridor Sites located in areas covered by either the Downtown Specific Plan or Downtown Station Area Plan. Downtown Station Area Plan The Downtown Station Area Plan includes the areas covered by the Downtown Specific Plan in addition to the industrial areas located south of Old Gilroy Street and east of the rail line, and west of Swanston Lane and south of Leavesley Road, adjacent to South Valley Middle School. The Downtown Station Area Plan expands the Downtown Specific Plan because many parcels are adjacent to the potential HSR alignment, and the existing uses are more underutilized and have 5.A.a Packet Pg. 123 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 71 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx more potential for new physical and economic development than in the already established Downtown.33 The Downtown Station Area Plan evaluates 3 land-use concepts envisioned for the plan area. Alternative 1 focuses on transit-related development. Alternative 2 emphasizes downtown development, whereas Alternative 3 focuses on employment uses. All buildout alternatives are considered in 2 timeframes. The earlier timeframe is based on the assumption the Transportation Agency for Monterey County (TAMC)’s Capital Corridor extension to Salinas and Caltrain’s electrification would occur. The later timeframe is based on the assumption that HSR would be in full operation. Under all alternatives, it is assumed that proposed enhanced regional transit operations would make Downtown Gilroy attractive to developers, thus prospective for significant infill development. The table below provides the buildout projections for the 3 Downtown Station Area Plan alternatives. At this time, the existing Downtown Station Plan Area land uses are not known to compare the existing and buildout land use alternatives. The Downtown Station Area Plan updates only portions of the Downtown Specific Plan, and parcels not specifically identified for new uses in the Downtown Station Area Plan are assumed to remain the designations identified in the Downtown Specific Plan, prepared in 2005. Of the Opportunity and Corridor Sites listed above, the following sites are implicated in the Downtown Station Area Plan:  Opportunity Site #4: TVT Site  Tenth Street Site #1: OSH Site  Monterey Street Site #3: Arts Center  Monterey Street Site #4: Hornlein Court 33 Downtown Gilroy Station Area Plan Alternatives Analysis Report, Public Review Draft, June 15, 2016. Downtown Station Area Plan Buildout Projections Item Alternative 1 Transit Focus Alternative 2 Downtown Focus Alternative 3 Employment Focus Total Dwelling Units 1,900 2,400 1,600 Commercial Square Footage 400,000 490,000 600,000 Office Square Footage 650,000 200,000 1,000,000 Hotel Rooms 400 300 1,400 Industrial Square Footage 50,000 - - 5.A.a Packet Pg. 124 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 72 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx The sections below detail each site’s alternative designations and are followed by a review of how the planned alternatives correspond to the City’s economic goals. Opportunity Site #4: TVT Site The TVT Site is not part of the 2005 Downtown Specific Plan. The City’s 2020 General Plan indicates the site is designated for General Services Commercial uses. This site is included in the Downtown Station Area Plan and is deservingly included because the site has market attraction on the periphery of a TOD and has high freeway visibility. As mentioned in this chapter, the Downtown Station Area Plan identifies 3 land use alternatives for this site, as listed below:  Alternative 1: Retail and long-term HSR parking  Alternative 2: Retail  Alternative 3: Hotel EPS Evaluation EPS agrees with the City’s concept of designating this site for visitor-serving uses, such as a hotel. The site is attractive for automobile bound travelers and for future HSR users. Retail uses should be scaled to serve a hotel at this site. The intent of the Downtown Station Area Plan should be to draw patrons to Downtown’s core, so retail uses on this site should be complementary to a hotel, such as a restaurant or café. Tenth Street Site #1: OSH Site The OSH Site is positioned just outside of the 2005 Downtown Specific Plan boundary. The City’s 2020 General Plan indicates the site is designated for General Services Commercial uses. This site is included in the Downtown Station Area Plan and should be considered a key component to create a TOD east of the HSR station. The Downtown Station Area Plan identifies 3 different land use development alternatives for this site, as listed below:  Alternative 1: Hotel  Alternative 2: Mixed-Use Housing with Ground-Floor Retail  Alternative 3: Office with Ground-Floor Retail EPS Evaluation Successful TODs generate places where people live, work, and play, have direct access to a greater regional economy, and enable residents or employees to live car-free or less auto- dependent. A crucial component of supporting these goals is to supply housing in amenity-rich locations that have a sense of place and diversity of uses. Early Downtown TOD needs to consider that transit projects in the pipeline will provide more efficient access to job centers in the Silicon Valley and San Francisco Bay Area. The OSH Site and surrounding parcels should be considered as a way to expand Downtown from a single corridor to comprising distinct districts. The existing 2005 Downtown Specific Plan’s intent was to create several Downtown districts; however, Downtown remains a small stretch running along Monterey Street. Anchored by high-density housing, this node can increase Downtown’s population to support additional uses such as retail, entertainment, and employment uses. 5.A.a Packet Pg. 125 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 73 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Monterey Street Sites #3 and #4 The Arts Center and Hornlein Court sites are considered together because they are located across the street from each other and have similar site attributes. Both sites are located in the existing Downtown Specific Plan. The Arts Center is located in the Civic/Cultural Arts District, whereas the Hornlein Court site is located in the Downtown Historic District. Looking forward, both sites are located in the Downtown Station Area Plan with the intended uses listed below. Monterey Street Site #3: Arts Center  Alternative 1: Parking and Civic/Public Facility  Alternative 2: Arts Center with Ground-Floor Retail  Alternative 3: Mixed-Use Housing Monterey Street Site #4: Hornlein Court  Alternative 1 & 3: Mixed-Use Housing  Alternative 2: Parking and Mixed-Use Housing EPS Evaluation Together, these sites have potential to become significant placemakers in Downtown Gilroy. Both sites have underutilized portions, including vacant parcels, surface parking lots, and an obsolete street segment. Both sites comprise City-owned property that should be leveraged for future P3 opportunities. These sites demand significant roles in Downtown’s future, considering they are located within a block of the future HSR station. Based on these attributes, EPS validates some of the City’s land designation options for these sites, including an arts center and mixed-use housing. In addition, EPS supports the idea of a P3 concept to include a parking structure, housing, and cultural arts center. EPS understands the subject of a Downtown parking structure is a controversial topic; however, additional parking will be demanded in the future as Caltrain operations increase and eventually when HSR begins operation. A broader parking strategy in Downtown may be warranted to maximize the streetscape along Monterey Street. As Downtown progresses into a live/work/play destination, additional parking will be needed and space will be a premium, therefore, requiring consideration where to place future parking structures. Monterey Street Sites #1 and #2 Mentioned above, the Downtown Station Area Plan updates only a portion of the Downtown Specific Plan, and parcels not specifically identified for new uses in the Downtown Station Area Plan are assumed to remain the designations identified in the Downtown Specific Plan, prepared in 2005. The Downtown Station Area Plan does not indicate any changes for the Monterey Street sites at Third and Fourth Streets; therefore, these sites’ designations are dictated by the existing Downtown Specific Plan. EPS’s assessments for these sites are consistent with existing Downtown Specific Plan recommendations. These 2 sites are lone vacant parcels in Downtown, and given that the sites are both around 0.5 acres and on the periphery of Downtown, the impact of these sites are 5.A.a Packet Pg. 126 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Econom increm and T Down Buildo Area wide- trans are a accom The H impro revita TOD, walki City w vacan the fu The c housi in Do shoul Stree in Do reside repor devel subur likely office While users Down devel serve buildo consi Limita As dis growt lauda majo Monte reuse mic & Planning mentally sm TVT Site. ntownwide out scenario Plan are pre -ranging infil forming Dow mbitious and mplish. HSR and rela ovement pro alization. Lan particularly ng distance will need to e nt or underu uture HSR st current real e ing developm owntown, esp ld be scaled et. Current m owntown; ho ent workers rt for the 200 lopment in D rban office d to be small es, engineeri e this study i s will likely re ntown is vaca lopment betw e a dual-bran out assumpt dered for a b ations to Ada scussed abo th targets th able in many r thoroughfa erey Street, e strategies. g Systems, Inc all compared Evaluation s for the Do edicated on t ll developme wntown. 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The Down nd 1,400 roo catering to should be de tel operator e in Achievin ssumptions a edevelopmen or example, s the entry e everal other euse and red 74 act of the Ar tion ion that r, enarios ntown’s upport ithin her, the on or near that success rd the Downt TOD village t that office analysis sho an area. In 2 an, which su t to attract, study indicat providing loc ms, law office at Downtown ntown Statio oms. If consi business tra emand for an in Downtow ng Desired G are made reg nt of underu there is an a experience in r substantial development P th v to D Gilroy Place-B Public R P:\182000\18202 rts Center, H town Transit e or on groun developmen ould be cons 2006, EPS pr upports this given Gilroy tes that futu cal and regio es, and real e n will likely b on Area Plan idered for a avelers and t nother hotel n. Growth garding the utilized prope acute need t nto Downtow districts tha t are a notor Pictured here is he rail lines an vacant or under o realize the de Downtown Stat Based Econom Review Draft Re 20 Gilroy Place-Based Economic Devel Hornlein Cou t Center. Fut nd-floor fron nt may not g sidered when repared an e notion that y’s competitiv re Downtow onal services estate and a be a landing alternatives hotel user, t tourists. Give operator, w ability to ac erty through to improve p wn via Leave at could bene riously slow p s land owned b nd Alexander S rutilized sites l evelopment po tion Area Plan. mic Developmen eport Decemb lopment Strategy\Reports\182020 Pub rt, the OSH ture commer ting Montere garner high d n a critical m economic stra Class A offic ve advantag wn office tena s such as me accounting of spot for sm s indicate hot the TVT Site en the ment which should hieve emplo out the City properties alo sley Road an efit from infi process and by Union Pacific Street. Develop like this will be otential of the nt Strategy ber 4, 2018 blic Review r1 12-04-18.docx Site, rcial uses ey demand mass of ategy ce ge of ants are edical ffices. mall office tel may ioned be yment . This is ong nd ll and may not c between pment of e needed 5.A.a Packet Pg. 127 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 75 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx be a major driving force within the next decade. While factors such as recalcitrant land owners with an inflated sense of property value are a major constraint, the risk inherent in redevelopment is equally problematic. Furthermore, despite the attractiveness of HSR coming through Gilroy’s Downtown, anecdotally, property owners are apprehensive about investing in Downtown until plans indicate real property acquisition and subsequent effects on surrounding areas. The City should continue efforts to coordinate right-of-way acquisition and property disposition efforts to effectively inform Downtown stakeholders. Table 4-3 below provides an illustrative example of how risk plays into such decisions. Simply put, after considering the risk associated with new uses, a legacy use producing even modest net cash flow may easily produce a similar Net Present Value (NPV) compared to an expensive and risky redevelopment project featuring much higher annual cash flow and sale value in the final year. This is due to increased risk as reflected by a higher discount of future revenue, in contrast to the known parameters of an ongoing business operation. While most business operators may not evaluate the comparison through a formal analysis of risk factors, the above-referenced example is indicative of the fundamental dynamics at work. Also indicated above is the deleterious effect on NPV from only a 1-year delay in starting construction. Thus, to meet absorption and employment goals as set forth in the GPU, it will be imperative to ensure that front-end costs are controlled, and uncertainty regarding entitlement timelines and other City-related factors is minimalized. By doing so, the City can influence more adaptive reuse and infill projects to move forward on a timely basis. Gilroy East of US 101  Opportunity Site #3: Southpoint Business Park  Opportunity Site #5: Rancho San Ysidro  Opportunity Site #6: Gilroy Crossing/Regency Phase II Much of Gilroy east of US 101 is not included in an Alternatives Report Focus Area. Furthermore, the Alternatives Report does not indicate any significant land use designation changes for these areas. Presently, these areas are designated as intense single-use employment-driven land use designations, particularly General Services Commercial and General Industrial. A majority of the City’s remaining vacant and developable areas are located on this side of town. For various reasons, including lack of market demand and excessive cost burdens, developers remain disinterested in these areas. EPS Evaluation The City’s current policies and proposed land use alternative designations promote archaic single-use development projects. Much of the City’s existing vacant land supply is restricted to single-use development types such as retail and industrial uses. Retail and industrial uses are important for the City’s economic prosperity, providing sales tax revenues and supporting the City’s job base. However, empirical studies indicate that mixed-use developments, including residential uses, compared to typical single-use suburban development patterns, yield greater benefits such as reduced traffic congestion, lower infrastructure and municipal service costs, increased tax revenue, and improved development pro forma performance. 5.A.a Packet Pg. 128 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable 4-3City of GilroyPlace-Based Economic Development StrategyIllustrative Example of Net Present Value DynamicsItem123791011Existing BusinessNet Operating Income [1]$95,000 $97,850 $100,786 $113,435 $120,343 $123,953 $1,239,535Net Present Value (NPV) @ 5% discount$1,633,539New Development Project [2]Building Demolition$76,000$8/SFPredevelopment/Permits$100,000working assumptionSite Prep/Other$150,000working assumptionShell/Other$1,920,000$120/SFTotal $2,246,000Normal Entitlement Processing PeriodNet Cash Flow($2,246,000) $329,600 $339,488 $382,097 $405,366 $6,756,107$0NPV @ 15% discount rate$1,283,754Protracted Entitlement Processing Period [3]Net Cash Flow($326,000) ($1,977,600) $339,488 $382,097 $405,366 $417,527 $6,958,790NPV @ 15% discount rate$1,115,779npv[1] Some years have been hidden for printing purposes.[2] Triple net lease @ rate per year: $ 10 SF = 9,500[3] Triple net lease @ rate per year: $ 20 SF = 16,000[4] Illustrative example excludes annual carry.Note: example is purely hypothetical to illustrate effect of risk, dicount rate, and Net Present Value (NPV).Year [1]Prepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2765.A.aPacket Pg. 129Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 77 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Traffic Impacts The Federal Environmental Protection Agency (EPA) partnered with transportation planning and engineering firm Fehr & Peers to compare traffic generation rates resulting from mixed-use and single-use developments. Fehr & Peers’ analysis reveals that standard methods of traffic impact analysis understate the traffic benefits of mixed-use developments, leading to exaggerated roadway impacts, facility oversizing, and higher impact fees than should be the case, in effect discouraging mixed-use projects. Fehr & Peers tested this notion by employing household travel surveys in 239 mixed-use developments in Seattle, Portland, Sacramento, Houston, Atlanta, and Boston. Fehr & Peers’ study indicated that mixed-use developments were found to reduce traffic impacts relative to a single-use suburban development because diverse on-site uses capture a large share of internal automobile trips.34 In other words, patrons or residents make fewer automobile trips because they are able to access various uses in a clustered location, such as retail shopping, personal services (e.g., salons, laundry, banks), dining, and more. In addition, mixed-use developments tend to comprise other characteristics that reduce automobile trips, such as having good transit access that generates a high share of walk and transit trips, and central locations that reduce trip lengths. Fiscal Impacts In 2013, Smart Growth America contracted economic and planning consulting firm Strategic Economics to prepare a study to examine the fiscal benefits of smart growth developments (i.e., mixed-use development patterns) and to compare the fiscal and economic impacts of smart growth development patterns to traditional suburban developments. Through peer review analysis and conducting interviews with municipal leaders, Smart Growth America’s study concluded that smart growth developments, in comparison to traditional suburban development patterns, require one-third less up-front infrastructure costs, save municipalities an average of 10 percent on ongoing delivery of services (e.g., police, ambulance, fire services), and generate 10 times more tax revenue per acre. As municipal budgets continue to be strained, it is apparent that land use policies should be revised to reduce municipal service and infrastructure development costs, while increasing tax revenues. Development Pro Forma Prevailing development economic conditions demonstrate that residential development is superior to commercial development in most contexts. Fueled by staggering job growth in the Silicon Valley and Bay Area, housing values have skyrocketed as the supply has not kept pace with the surge of people moving to the region for work opportunities. The market analysis provided in Chapter 3 of this report indicates that commercial and industrial rental lease rates in Gilroy have not kept pace with the region; however, housing lease rates and sales prices have steadily increased in the past several years. Diversifying development opportunities, including the provision of residential development, should be considered on the remaining large vacant parcels in Gilroy to acknowledge residential development’s economic strength. Carried by the economic strength of housing, mixed-use industrial tech development may be a viable development opportunity, whereas development returns may not be substantial if developed as a single-use project. 34 MXD Mixed-Use Development Trip Generation, Fehr & Peers. 5.A.a Packet Pg. 130 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 78 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Gilroy Gardens and Sports Park Opportunity Site #8: Gilroy Gardens The City’s land use designation for this site does not appear to have any proposed changes from the 2020 General Plan, which indicates the site is designated as Visitor-Serving Commercial. EPS’s assessments do not conflict with this designation. Opportunity Site #9: Sports Park Similar to Opportunity Site #8, the City’s land use designation for this site does not appear to have any proposed changes from the 2020 General Plan, which indicates this site is designated as Park and Recreation Facility. As demonstrated in EPS’s evaluation, the potential opportunities for this site do not conflict with the City’s plans. Land Needs Evaluation Critics of the City’s UGB measure assert that the City does not have adequate land supply to accommodate growth scenarios indicated in the City’s Alternatives Report. ADE’s 2014 report indicates there are approximately 450 acres of vacant industrially zoned land in the City. The Alternatives Report provides various scenarios of new growth capacity on vacant or underutilized land; however, the report does not illustrate where and how much of the land evaluated is underutilized compared to vacant. Therefore, EPS established the approximate vacant land for employment uses (i.e., industrial, office, retail) based on the estimate provided in the 2014 ADE report. EPS estimated the amount of land that may be required to accommodate employment uses through 2040 based on 3 scenarios, listed below:  Historical Growth Estimates. EPS prepared an estimated projection of commercial and industrial growth based on the average annual construction deliveries in the past 10 years.  Association of Bay Area Governments Employment Projections. EPS prepared an estimated projection of commercial and industrial growth based on Gilroy’s 2015–2040 employment projections, prepared by the Association of Bay Area Governments (ABAG).  ADE/Emsi Projections. EPS prepared an estimated projection of commercial and industrial growth based on Gilroy’s 2015–2040 employment projections indicated in ADE’s 2014 report. As shown in Table 4-4, it appears the City has adequate land to accommodate employment growth through 2040 for Scenario 1 and Scenario 2. The employment projections in Scenario 3 are significantly more bullish than the projections prepared by the ABAG. Given this aggressive employment growth scenario, the City may not have adequate available land to realize Gilroy’s employment growth. 5.A.a Packet Pg. 131 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable 4-4City of GilroyPlace-Based Economic Development StrategyEstimated Land Needs for Employment UsesIndustry10-Year Avg. Annual Delivery [1] [2]20-Year Estimated NeedEstimated FAREstimated NeededLand [3]2015-2040 Job IncreasesSq. Ft. per Employee [5]Needed Sq. Ft.Estimated FAREstimated NeededLand [3]2015-2040 Job IncreasesSq. Ft. per Employee [5]Needed Sq. Ft.Estimated FAREstimated NeededLand [3]bldg. sq. ft. bldg. sq. ft.acresbldg. sq. ft.acresbldg. sq. ft.acresIndustrial/R&D [6]50,000 1,000,000 0.30 80 420 1,500 630,000 0.30 50 2,340 1,500 3,510,000 0.30 270Office [7]0 0 0.35 0 2,480 700 1,736,000 0.35 110 4,224 700 2,956,800 0.35 190Retail [8]25,000 500,000 0.25 50 300 550 165,000 0.25 20 3,353 550 1,844,150 0.25 170Total Acres Needed130180630land needsSource: CoStar; EPS.[1] Rounded to the nearest 5,000 square feet.[2] See Table 3-1, Table 3-5, and Table 3-8.[3] Rounded to the nearest 10 acres.[4] Based on Table 4 indicated in the City's General Plan Advisory Committee memorandum titled, "Holding Capacity and Projections Comparison."[5] Square feet per employee based on Table 6 from the City's GPAC memorandum titled, "Holding Capacity and Projections Comparison."[6] Job Increases: Includes Manufacturing, Wholesale/Transportation, and Other.[7] Job Increases: Includes Financial/Professional and Health, Education, and Recreation.[8] Job Increases: includes Retail.Scenario 1: 10-Year Historical Growth Basis Scenario 2: ABAG Future Employment Forecast Basis [4] Scenario 3: EMSI/ADE Employment Forecast Basis [4]Prepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2795.A.aPacket Pg. 132Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Economic & Planning Systems, Inc. (EPS) 80 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx 5. RECOMMENDED INCENTIVES AND NEXT STEPS Gilroy features a broad range of market opportunities, like continued realization of food and entertainment in the Downtown, expansion of sports-related tourism, improvement of tourism linkages to the Monterey Region, further interest among advanced manufacturing and Silicon Valley administration/services, and continued demand for small-scale manufacturing being squeezed out of peripheral markets. Over time, rail-based travel to and through Gilroy will be vastly increased. There is strong demand for workforce housing in walkable and quality design format integrated with public space and retail/services amenities. Expected uses over the coming decade include a variety of facilities, including major owner-user manufacturing and assembly, multitenant spec divisible to 2,500 square feet (rental), multitenant or small-scale condos similar in scale to speculative R&D/industrial, supportive commercial uses adjacent to the Outlets, potential mixed-use innovation centers including housing east of US 101, multisegment hotel(s) associated with various P3 opportunities, expanded sports and recreational concepts for Sports Park and Gilroy Gardens, station area mixed-use development including mixed-income residential, and refurbished older centers in areas such as the First Street Corridor where new development may be less feasible and the centers are still needed to service the local population. Gilroy has high uncertainty in its development environment that contributes to high risk. Critical constraints include issues related to traffic, agricultural mitigation, market viability, and planned land use polices. Community attitudes toward growth have limited the available land supply and held densities down. By improving land supply, speed to market, the allocation of infrastructure and utilities improvement costs, and reducing community opposition, speculative development providing immediate opportunity for small- and medium-sized business is likely to become more feasible. Simply put, a 2-pronged strategy of facilitating a healthy mix of uses while reducing the front-end time and cost burdens should be sufficient to stoke investment and growth. The following section represents a sequence of actions intended to put the City on track in terms of realizing its economic potential and pursuing a sustainable fiscal regime. In general, the City should be inclined to consider incentive packages when projects offer high concentrations of employees, generate sales tax, occupy a strategic sector representing or contributing toward export cluster-related growth, or make a major urban form improvement. Where 1 or more of these conditions exists, the City should be more inclined to offer incentives when a clear need has been demonstrated. The incentives discussed below are presented in major categories with more detailed suggested mechanisms and tactics discussed as appropriate.35 35 This initial rendition of suggested alternatives is intended to facilitate internal discussion of several potential major policy shifts in addition to more typical incentives generally pursued in various forms by jurisdictions. To the extent more or less emphasis is sought on the following topics, it is anticipated that supplemental analysis will be targeted. The sweeping nature of these suggestions facilitates subsequent efforts to develop more detailed timelines and tactical responsibility discussions as an outgrowth of this report. 5.A.a Packet Pg. 133 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 81 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Activate East Side Commercial/Mixed-Use Districts As discussed in Chapter 4, the estimated 450 acres of vacant industrial land supply in Gilroy is likely insufficient to accommodate more aggressive growth forecasts, necessitating use of underutilized areas throughout the City. Without question, the reuse and intensification of underutilized areas is a critically important initiative for the City—in particular, the City needs to address the entry experience one has when arriving in town via SR 152 and US 101 from all directions. However, factors such as inflated land value expectations and excessive financing risk work to ensure that transformation of such districts is slow and arduous. A methodical approach to the transformation of such districts through Specific Plans in some cases can ensure that valuable, fine-grained industrial operations are supported and maintained as a valuable part of the City’s small business base. To fulfill Gilroy’s potential to evolve into an intermediate “hub” economy, based on its strong geographic position in the greater region, improved unencumbered land supply is needed to provide a less risky and expensive nonretail commercial land market. To provide this environment, available evidence suggests that factors such as interconnections among larger parcels, related costs, and practices around funding requited transportation mitigations are as important as improved quantity of acreage. More specifically, Gilroy has historically kept the east side of US 101 as nearly exclusively commercial, dominated by M2 and more flexible CM zoning. The area suffers from an irregular pattern created from historical piecemeal development, resulting in illogical infrastructure and public services patterns, resulting in an unattractive, difficult to access, and confusing condition that undermines Gilroy’s competitive position on the US 101 corridor. These conditions result in difficulty financing needed extensions because of market uncertainty, based on a lack of continued viable supply, which is needed to provide reimbursements to developers fronting the costs of major infrastructure items. Nearby Morgan Hill has similarly suffered from slow absorption among single-use parcels. However, the recent reconsideration of the General Plan designation established for the parcel located on the northwest corner of Cochran Road and US 101 has provided for a mix of manufacturing, commercial, and residential development, and the site is reportedly receiving strong interest among developers. As discussed and illustrated earlier, the economic strength lent to a project as a result of including housing can increase residual land value, therefore expanding the bonding capacity related to land-secured financing. Residential land in Gilroy is typically valued at more than $30 per square foot, as opposed to about a third of this for the most well located M2 and CM lands. East Side Mixed-Use Benefits The City would be well-advised to consider new approaches to the development of larger parcels on the east side of US 101, facilitating greater investment in a shorter time than would otherwise occur. It should also look to revise the City’s eastern boundary to provide a more regular configuration of parcels, providing a smoother urban boundary better able to accommodate jobs- producing development at a reasonable cost. In addition to improvements in land value and urban form, such sites also have proximity to central Gilroy and will benefit from connections to HSR and other amenities, providing an increased base of market support to Downtown. 5.A.a Packet Pg. 134 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 82 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Increasingly, prospects for attracting high-quality employment space capable of accommodating a larger and more diverse job base relies on the inclusion of housing in the project. Indeed, recent examples of innovation districts increasingly integrate housing as an important part of the land use mix. Past economic analyses of this use by EPS underscores the role housing plays in such projects. The Mace Ranch Innovation Center in Davis was able to generate an acceptable return on investment with the inclusion of a town center residential concept. When the Davis City Council rejected the inclusion of housing, the project was put on hold, based on resulting feasibility concerns. The inclusion of housing as a central strategy to capturing key technical and creative elements of the labor force is prevalent across the United States. For example, another housing-inclusive innovation center being positioned for agricultural-technology uses is the Syngenta Innovation Center, being created in Research Triangle Park in North Carolina. Overall it is recommended that the GPU be supportive of residential development (types to be determined) through development of Specific Plans or other regulatory frameworks going forward. Larger parcels may be well-positioned as mixed-use innovation centers with a primary focus on job creation but allowing housing as a component of the overall land development value proposition. More specifically, EPS makes these recommendations:  Allow residential in support of mixed-use/innovation center projects East of US 101. EPS recommends pursuit of an innovation center concept for Opportunity Sites #3 and #5.  Pursue policy changes to allow infill parcel development to facilitate efficient land use, infrastructure, and services.  Develop connecting roadways East of US 101 to facilitate improved circulation.  Review financing policies to improve development economics. Public Policy/Finance Solutions: Improving Front-End Cost Burden and Overall Feasibility Since the passage of Proposition 13, public agencies have looked to new development to fully fund the cost of expanded and new public infrastructure required to serve such development. This policy has seemed reasonable, but in some ways, also may create impediments to economic development in some communities with significant public infrastructure needs. For Gilroy, traffic circulation presents a significant cost burden for new development, not only in regards to the amount of the Traffic Impact Fee, as shown below by Table 5-1, but in regards to the specific financing approach in play. Development impact fee (DIF) programs have been designed to reimburse developers for constructing offsite improvements benefitting other landowners. If new development is slow and uneven over time, there is less incentive for developers to fund infrastructure improvements. 5.A.a Packet Pg. 135 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable 5-1City of GilroyPlace-Based Economic Development StrategyIndustrial Traffic Fee Comparison [1]Item GilroyFremont [2]LathropManteca [3]CitywideCitywide East Lathrop CitywideTraffic Impact Fee per 1,000 Sq. Ft.$5,069$2,666$1,431$1,495traffic feeSource: City of Gilroy; City of Fremont; City of Lathrop; City of Manteca.[1] Reflects transportation/traffic fees controlled only by the local jurisdiction and does not include county or regional transportation fees.[2] Reflects fees for manufacturing. Fee rates for Light Industrial are $3,839/ksf, and fees for R&D are $3,803/ksf.[3] Reflects fees for Industrial Park/R&D.$0$1,000$2,000$3,000$4,000$5,000$6,000Citywide Citywide East Lathrop CitywideGilroy Fremont [2] Lathrop Manteca [3]Traffic Fee per 1,000 Sq. Ft.Prepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2835.A.aPacket Pg. 136Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 84 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx If Gilroy could implement supplemental or additional financing mechanisms to augment cash flow for reimbursement programs, there may be greater incentives for developers to invest in offsite infrastructure improvements and encourage preferred economic development efforts. A variety of “tools” available to Gilroy should be considered that could enhance the efficiencies of existing infrastructure financing programs, such as DIFs. The City has previously formed a Mello-Roos Community Facilities District (CFD) to fund improvements for SR 152. Properties included in this CFD are repaying bonded debt that funded required improvements. When approaching public financing of critical public infrastructure, it will be useful to consider the employment of a variety of tools to allow the City to fund near-term and long-term infrastructure improvement goals. Some funding mechanisms provide near-term funding opportunities (CFDs, Assessment Districts [AD], etc.), while other mechanisms provide long-term funding opportunities (tax increment funding, presently in the form of Enhanced Infrastructure Finance Districts [EIFD]).36 These tools, along with DIFs, serve as a 3-pronged approach to public infrastructure financing post-Proposition 13. The 3-pronged approach was intended to develop reliable cash flow for infrastructure improvements over a buildout period. Concepts presented below are intended to enhance cash flow opportunities to incentivize developers to construct critical infrastructure with relative assurance that reimbursement for offsite improvements could be reliably considered in their pro forma for a development project. Interchange and Roadway Capacity Solutions A majority of Gilroy’s Opportunity and Corridor Sites are left vacant or underutilized because, under current City and State policies, new or intensified development in these locations will trigger the need for costly traffic mitigation measures. Developers are obligated to front the costs of offsite traffic improvements to meet roadway or intersection LOS standards, and often, the required improvements are greater than the project’s fair share of impacts. The City’s Traffic Impact Fee program is a mechanism for developers to either pay into a fee program for their project’s fair share of impacts or to be reimbursed for fronting costs beyond their project’s obligation. The reimbursement mechanism relies on nearby new development mutually requiring the constructed improvements to pay for its fair share of impacts as a means to reimburse the initial developer. Developers are reluctant to proceed with development plans in a tepid real estate market, realizing that reimbursements may not materialize fast enough, therefore, sinking a project’s pro forma cash flow. The City, County, and other partners are undergoing studies and initial steps to make significant improvements to SR 152 and SR 25. The multiagency team will improve the US 101/SR 25 interchange south of the City and will reroute portions of SR 152 to divert regional and freight traffic away from SR 152 into the eastern side of the City. These improvements, along with billions of dollars in other traffic improvements indicated in Table 5-2, should be considered when evaluating traffic impacts of development on the Opportunity and Corridor Sites. To the 36 See Table D-1 in Appendix D for a comprehensive description of these and other potential financing tools available for use in Gilroy. 5.A.a Packet Pg. 137 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 85 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx extent these projects do not have a great enough impact to rescind some needed improvements, innovative techniques to reduce citywide congestion should be considered. Modifying LOS Standards The City may be able to relieve this development constraint by taking a different approach to address citywide traffic mitigation. Instead of applying the status quo of expanding roadways to improve LOS, some California cities are addressing traffic mitigation by developing Multimodal Improvements Plans (MIP) to holistically improve mobility networks. Using this emerging approach, municipalities ameliorate the transportation network by making improvements for all mobility system users, including automobiles, transit providers, pedestrians and bicyclists. In 2015, the City of Mountain View initiated work to prepare a MIP to comply with the VTA’s Congestion Management Plan (CMP). The CMP is mandated by State law and is maintained for the County by VTA. The CMP is a comprehensive transportation improvement program with the goal to reduce traffic congestion, improve air quality, and inform land use decision making. The CMP identifies major intersections monitored for congestion with LOS standards set by the CMP statute. According to CMP legislation, if a city fails to meet LOS standards for one or more of these intersections, it risks forfeiting gas tax allocations from the State. Based on analyses of Mountain View’s 2030 General Plan growth, several intersections would fall below the CMP LOS standard. Typically, LOS standards are achieved through street widening to increase traffic capacity. Through the Mountain View 2030 General Plan’s policy direction, Mountain View does not support street widening as a traffic congestion relief strategy. Reasons include limited space for additional right-of-way, negative impacts on active transportation modes, induced traffic demand, and other issues related to Mountain View’s desired future character. Therefore, Mountain View directs future efforts to include transportation demand management, operational improvements, and multimodal improvements. The VTA supports multimodal policies and programs instead of street widening, as long as those policies are indoctrinated in a MIP to document existing and future efforts to address increased congestion. If the MIP is adopted and approved by the VTA, municipalities will be in conformance with the CMP, even if intersections fall below the LOS standard. The City should engage Caltrans, VTA, and other stakeholders to consider a similar approach to ameliorate traffic issues that currently impede potential development opportunities. City environmental review documents indicate development on several Opportunity and Corridor Sites will trigger costly roadway improvements. Implementation measures in a MIP may require developer contributions to travel demand management programs, which may be in the magnitude of thousands of dollars compared to million-dollar intersection or roadway expansions. These measures will have mutual benefits for the City and developers by putting forth a plan to achieve greenhouse gas reductions by reducing vehicle miles traveled, while reducing developer risk by streamlining off-site mitigation costs. 5.A.a Packet Pg. 138 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable 5-2City of GilroyPlace-Based Economic Development StrategyFuture Infrastructure InvestmentsProjectLead Agencies Estimated AmountEstimated CompletionDescriptionState Route 152 Trade Corridor ProjectVTA, Caltrans, Santa Clara and San Benito CountiesTBD [1] TBD The project will realign SR 152 between US 101 and SR 156. The project will include improvements to the US 101/SR 25 interchange, SR 152/SR 156 interchange, and segments of SR 152 through the Pacheco Pass. The intent is to divert regional traffic away from severely impacted segments of SR 152 to Gilroy. This improvement will improve regional traffic; however, it may divert pass-through visitors away from Gilroy establishments.First Street/State Route 152 ImprovementsCaltrans, City of Gilroy$14.1 million (2017) 2020 The California Transportation Commission approved $14.1 million to repave portions of SR 152 from US 101 to approximately 750 feet west of Santa Teresa Boulevard.US 101/10th Street InterchangeN/A $3.6 million (2013) TBD The project will add a second lane on the off-ramp. VTA's Project Scope, Status, Cost and Budget open data indicates the project has not begun, and no funds have been allocated.Caltrain Electrification/HighSpeed Rail - San Jose to GilroyCaltrain, CA HSR $2.2 - $4.8 billion (2017)2026-2027 CA HSR and Caltrain will partner to expand elecrification of the Caltrain corridor south of San Jose to Gilroy. The investment shown reflects the total costs of the segment from San Jose to Gilroy.High Speed Rail - Gilroy to Carlucci RoadCA HSR $8.2 - $13.3 billion (2017)2029 Investment reflects the costs to extend the HSR from Gilroy through the Pacheco Pass to the Central Valley.investmentsSource: SB 1 Program Application Transmittal Sheet, California Transportation Commission; Draft Revised 2018 Business Plan, California High Speed Rail Authority; Gilroy Patch.[1] California Transportation Commission indicates the cost of the US 101/SR 25 Phase 1 interchange improvements will cost approximately $65 million (2018). EPS did not find costs for the entire project.Prepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2865.A.aPacket Pg. 139Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 87 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Public Finance Solutions High fees and other costs of doing business should be reduced to the extent they are under the City’s control and the recipients offer needed community benefits. Any disadvantage in this regard to competing jurisdictions peripheral to Silicon Valley will result in lost market share based on reduced development feasibility among owner-users and speculative developers alike. Some initial observations follow. To the extent possible, infrastructure costs should be distributed on a larger base than is currently possible given the City’s land inventory. Fee waivers and deferrals should be considered for projects that offer specific benefits, though it should be noted that fee waivers and deferrals come at the expense of fully funded infrastructure financing plans and should be considered along with implementation of potential “backfill funding opportunities” discussed further below. To the extent some capital improvement project (CIP) infrastructure costs are attributable to existing development, the City should evaluate citywide measures that would provide infrastructure financing opportunities for all benefiting land uses. A general obligation (GO) bond measure addressing critical infrastructure needs could help to reduce the overall costs of new development. Since the passage of Proposition 13 most jurisdictions have required only new development to fund infrastructure expansion. Expansion or upgrading of existing infrastructure likely benefits both existing development as well as new development. Opportunities to seek funding solutions that include existing development should be considered. In considering such financing mechanisms that include a cost to existing development it becomes important to provide a public education program that shows benefits that accrue to all residents. Enhanced property values will allow for increased public services which benefit the community as a whole. Fee waivers or deferrals could primarily be tied to certain economic attributes such as high employee density, preferred development consistent with community goals, high revenue generating land uses that do not otherwise overwhelm existing public infrastructure or public safety considerations.37 The City’s development impact fee program should be carefully reviewed with an eye to shortening the length of time for reimbursing developers that “front” out-of-pocket costs that benefitting other undeveloped properties. This dynamic causes hesitancy on the part of developers who trigger infrastructure upgrades as a result of their project causing an identified LOS or other identified threshold to be crossed. To expedite the reimbursement, the City could use land-secured financing (CFDs and ADs), but the project sites tend to be relatively small and not conducive to stand-alone districts. Placing them into a larger district presents its own problems with cross-collateralization between projects (project timing being a big factor). Land-secured financing districts such as CFDs and ADs could be formed to advance fund DIFs in order to enhance the cash flow of DIFs for reimbursement to developers that build critical infrastructure, or to fund critical infrastructure improvements. The Statewide Community Infrastructure Program (SCIP) uses a pooled financing of DIFs across multiple jurisdictions two to three times a year which makes for a more efficient issuance of debt (spreading issuance costs 37 Before implementation of this or other potential incentives, the City is advised to evaluate any potential effects on the possible impact on prevailing wage requirements. 5.A.a Packet Pg. 140 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 88 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx across multiple projects in multiple jurisdictions).The City could leverage existing tax streams as incentives to encourage economic development through tax sharing agreements with sales and/or property tax to reimburse developers near-term for infrastructure improvements and then getting reimbursed for the City’s investment with DIFs:  Projects anticipated to generate significant sales tax or assessed values may be targeted to channel a portion of tax revenues created over a specified period to time to reimburse developers for infrastructure projects that provide benefit to a broader geographical area than development project itself.  Tax increment tools (e.g., EIFD38) should be included in the mix, but with the understanding that tax increment returns are longer term. Tax increment could be seen as taking out earlier financing revenue streams (e.g., land-secured financing and tax sharing agreements).  Tax increment revenues could be used in-lieu of DIFs to acquire infrastructure improvements from developers. Future collections of DIFs could be used to reimburse the City’s earlier contributions, be credited towards infrastructure in the DIF program to reduce future fees, or to serve as the local contribution towards fee deferrals and waivers. Some CIP components are prioritized as future needs once major infrastructure items have been funded and constructed. Tax increment financing is a useful source of financing of such future priority items: — Land-secured financing could also be limited in term and designed to finance DIFs over a shorter period than a traditional CFD. Instead of a 20-30-year repayment, the term could be shortened without going to the municipal bond market. In some instances, these funding mechanisms can be used fund improvements from the cash flow of special taxes or assessments on an annual basis, thereby reducing financing costs. The revenue stream could be monetized using COPs providing a lower cost of issuance to shorten the payback period and overall cost of financing. Tax increment revenues from an EIFD may take up to ten years to mature into an efficient infrastructure debt financing vehicle with debt secured solely with tax increment revenues. A CFD could be formed over all or portions of an EIFD to serve as the debt issuance structure. In early years during which tax increment revenue is minimal, a special tax under a CFD could fund the annual debt service payments until tax increment revenue is sufficient to make debt service payments under a CFD. COPs secured by other dedicated City revenues, such a DIFs, could also provide early funding structure until tax increment revenues are sufficient to pay debt service on the COPs. 38 There is an ability to utilize EIFD or other tax increment approach toward offsetting major up-front infrastructure and similar costs relating to various projects. The improvements enabled by an EIFD enhance assessed values and sales tax revenues, providing incremental benefits to both the City and County. To the extent an EIFD is proposed to remedy circulation and other challenges associated with major projects including the Opportunity Sites east of US 101, the City should evaluate the potential to work with the County to establish a more powerful EIFD with a larger amount of property tax increment (both City and County share of the 1 percent ad valorem tax) to underwrite a larger amount of debt than would be possible using only the City’s property tax increment. 5.A.a Packet Pg. 141 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 89 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx  Reduction of locally controlled taxes or fees could be included as means of reimbursement for cost of constructing offsite public infrastructure. The utility users tax may be a useful tool for such reimbursement if the City could reduce or temporarily waive the utilities users tax to reimburse costs for a developer.  DIF programs could be structured to allow for deferred payment of fees based upon projected development revenue streams from a project or waived entirely for certain projects bringing desired jobs or other community investments. Holes left in fee programs should be filled with identified sources of future revenues, such as tax increment. Overall, it is recommended that these concepts be reviewed with City staff and the GEDC to evaluate potential implementation opportunities and constraints, for purposes of arriving at an improved approach making development of affected sites more palatable. Modify Agricultural Mitigation Policy to Allow In-Lieu Fee Option Today, the County eludes images of Facebook, Google, and other high-tech campuses; however, agricultural production has been historically critical to the County’s economy. Beginning in the 1970s, the County made a fundamental goal to preserve prime agricultural land and the maintenance of a strong agricultural industry through establishing principals that focus urban development into compact cities and protects open space and agricultural lands in rural areas. The County Local Agency Formation Commission (LAFCO) furthered this goal by creating policies that are designed to protect or replace agricultural lands. LAFCO approval is required for any expansion of an Urban Service Area (USA) and its policies recommend a 1:1 mitigation for conversion of agricultural lands. LAFCO policies discourage USA expansions into agricultural land, unless effective measures have been accomplished for protecting the agricultural status of the land. In 2004, the City adopted the Agricultural Mitigation Policy intended to set forth the specific criteria and guidelines, consistent with the City’s General Plan policies on agriculture, to enable the continued viability of agriculture and agri-tourism in the Gilroy area. The City’s Agricultural Mitigation Policy requires mitigation for the conversion of specifically designated agricultural lands to urban uses. Mitigation may be accomplished with one of the following two options and the options shall include all costs to cover program administration, monitoring and management of established easements:  Mitigation 1: Purchase an equal amount of land (1:1 ratio) of agricultural land within the “Preferred Preservation Areas” and the transfer of the ownership of this land to the Silicon Valley Land Conservancy or other City-approved agency.  Mitigation 2: Purchase of development rights to a 1:1 ratio on agricultural land within the “Preferred Preservation Areas” and the transfer of ownership of these rights to the Silicon Valley Land Conservancy or other City-approved agency. EPS understands that in the past, developers had an option of paying an in-lieu fee rather than undertaking one of the onerous processes described above. The City should reconsider allowing 5.A.a Packet Pg. 142 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 90 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx developers to pay an in-lieu agricultural mitigation fee based on the average costs required to acquire lands, on a 1:1 ratio, to replace lands converted from agricultural uses to urban uses. Several Central Valley cities implement agricultural land mitigation programs allowing for either an in-lieu fee or in-kind acquisition. The City of Stockton allows projects subject to its Agricultural Land Mitigation Program to either dedicate to a qualifying entity an in-kind direct purchase/acquisition of an agricultural easement at a 1:1 ratio, or to pay an in-lieu agricultural land mitigation fee. For projects paying an in-lieu agricultural mitigation fee, the fee shall be determined by the fee schedule in effect on the date the final subdivision map is filed, the vesting tentative map application is deemed complete, or the date a building permit is issued, as applicable. Allowing developers to pay an agricultural mitigation in-lieu fee, as opposed to acquiring land or purchasing development rights, streamlines the mitigation requirement by making the payment predictable and removing a cumbersome and delaying process. EPS recommends that a focus group be formed to discuss the practicality of this recommended policy change. Maximize Appeal of Opportunity Zone Opportunity Zones are a new community development program established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide. Opportunity Zones are established at the Census tract level; and eligible Census tracts must have poverty rates of at least 20 percent or median family incomes of no more than 80 percent of statewide or metropolitan area family income. Opportunity Zones provide tax benefits to property investors by allowing investors to reinvest capital gains by deferring tax on any prior gains through 2026, so long as the gain is reinvested in a Qualified Opportunity Fund. Furthermore, the incentive program will reduce the tax one owes by up to 15 percent after 7 years; and if the investor holds the investment in an Opportunity Fund for at least 10 years, there would be no tax on any new gain from the investment in the Opportunity Fund. Program does not require any affordable housing. The California Department of Finance designated a total of 879 census tracts across 57 of the State’s 58 counties. There are two Census tracts designated Opportunity Zones in Gilroy. Both are generally located west of US 101, extending from Las Animas Avenue to the US 101/Monterey Street interchange, and bound to the west generally by Monterey Street, as highlighted in Figure 5-1 below. 5.A.a Packet Pg. 143 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Econom Figur Gilroy Source Oppo As dis cataly attrac poten targe full b 39 An for inv prior mic & Planning re 5-1 y Opportunit e: California De ortunity Zo scussed in C yzed by the ctive range o ntial tax defe eting the Opp enefit.39 Opportunity vesting in eli investment f g Systems, Inc ty Zones epartment of F one Consid Chapter 4, D potential rea of possibilitie errals, as “O portunity Zon y Fund is an in gible propert or funding th c. (EPS) Finance. erations fo Downtown is alized with th es. The mar pportunity F nes (OZ) wil nvestment ve ties located in he Opportunit 91 or Downtow anticipated hrough HSR. rket is quickl Funds” repres l have to be ehicle that is n an Opportu ty Fund. Gilroy Place-B Public R P:\182000\18202 wn to experienc . As such, D y mobilizing senting IRS- e deployed by set up either nity Zone an Based Econom Review Draft Re 20 Gilroy Place-Based Economic Devel ce wide-rang owntown pre g to take adv -sanctioned f y the end of r as a partne d that uses i mic Developmen eport Decemb lopment Strategy\Reports\182020 Pub ging changes esents a ver vantage of th fund portfoli f 2019 to rea rship or corp nvestor’s gai nt Strategy ber 4, 2018 blic Review r1 12-04-18.docx s ry- hese os alize the oration ns from a 5.A.a Packet Pg. 144 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 92 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Opportunity Funds can be set up as single-purpose entities or general funds to invest in several properties in several markets, providing investment flexibility. They are being formed by capital investment firms, investment startups, commercial real estate investment firms, and institutional entities, among others. Studies indicate nationwide Opportunity Fund real estate investments could reach $85 to $250 billion in 2019.41 Many investment firms that are establishing Opportunity Funds are seeking to raise approximately $250 million from investors. Online crowdfunding startups, such as Fundrise, have established intriguing Opportunity Funds that leverages investments from smaller investors starting at shares of $25,000, enormously expanding the breadth of investment opportunities. Reports indicate that early investor interest is emerging in New York City, Los Angeles, Detroit, and Washington, D.C. Care will need to be taken to minimize disruptive effects on vulnerable populations located to the east of the UP line in Old Gilroy—while the socio-economics of this transitional neighborhood allowed the larger area to qualify as an OZ, the program has potential to displace susceptible populations, especially renters where investments could increase submarket lease rates to the point it pushes existing low-income renters and legacy business owners out of the neighborhoods. Many institutional leaders, such as the Kresge Foundation and the Rockefeller Foundation, are getting involved by partnering with companies that will propose projects that align with institutional missions. Private social impact investors, like Fundrise, also are committing to engage communities to develop places that will employ existing residents. Early benefitting Opportunity Zones will be ones that are most development ready, in areas that are already attracting investment, on fringe of wealthier areas, and located along transit corridors. In this regard, Gilroy stands to be a potential magnet for various funds looking for these attributes in an area with good potential for strong appreciation. Given the need to attract fund commitment by 2019, the City has a very limited window within which to layer-in supporting programs and inducements. It is recommended that the City and GEDC staff convene as soon as possible to explore a package of complimentary policies and inducements to position this OZ in the strongest fashion possible. It is recommended that the City hold a focus group to evaluate the potential for a “basket” of incentives that may be offered on a fort-term basis (e.g., over a 5-year window) with potential for extension in the case that inducements are proven to be effective. While the implementation and effects of these programs may not be visible by the end of 2019, funds will view the assertive move to reduce risk and cost of development in this area favorably as investment options in various cities are reviewed and compared. Policies that can have a measurable impact on development feasibility include the following examples: 1. Impact fee deferral or forgiveness (must identify source of backfilling funds). 2. Assessment district (renewed Property Business Improvement District [PBID]). 3. Provision of façade improvements through grants and low-interest loans (discussed further below). 41 Heschmeyer, Mark. September 19, 2018. “New Tax Provisions Open Gates to $250 Billion in Property Investments.” CoStar Group. 5.A.a Packet Pg. 145 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 93 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx 4. Reduced parking ratios on private sites combined with commitment to improve public parking resources (potential element of Arts Center-area P3 as discussed in Chapter 4). 5. Provision of density bonuses in exchange for sought-after attributes (e.g., affordable housing, community open space, etc.). 6. Commitment to update Downtown Specific Plan, expanding effort to consider entry experiences leading into the downtown area and related funding resources, with overt goal of strengthen linkage between the Gilroy Premium Outlets and Downtown. 7. Prioritize discussions with Union Pacific to understand disposition of surplus property east of the tracks opposite the station and parking lot. 8. Demonstrate initiative in pursuing P3 involving arts center, Hornlein area, and UP property, in addition to potential pockets including OSH site and even a TVT site oriented to interior assets and connecting to Downtown. 9. Strengthen farm to fork tourism initiatives, building on Gilroy’s long legacy as a garlic “mecca.” 10. Seek improved alignment between City, GEDC, and Downtown Gilroy Business Association to identify and prioritize policies and incentives. 11. Community Education: It may be helpful to evaluate how other cities in the Bay Area have evolved over time to provide high quality intensified downtown environments while protecting farmland and accommodating a range of export industries. To the extent that outward growth is constrained by the UGB, appropriate vertical development is critical to leverage the economic development potential inherent in Gilroy. In the case of Livermore, recognizing the advent of its highly successful outlets, new concepts around theater, dining, and visitor accommodations have been studies intensively as part of an educational outreach process geared toward policy makers and citizens alike. Pursue High Priority P3 Opportunities As discussed in Chapter 4 and above, Gilroy has an opportunity to move assertively to refine itself in the eyes of potential investors. As discussed, Gilroy enjoys a very strong position in the expanded South Bay with the ability to leverage its resources to better establish its tourism sector and expand transportation linkages involving both tourism and business. Three major P3 opportunities are in play, with each having real potential to develop additional hotel demand, providing a source of transient occupancy tax (TOT) revenue that may be critical to funding City services and benefits in the future. Agreements between a jurisdiction and specific developers may be developed that produce sources of repayment to the jurisdiction. For example, it may be determined that returns over and above a meaningful private-sector threshold are shared with the jurisdiction on an ongoing basis in exchange for funding assistance at the outset of a project. Terms can be put in place to arrange for loan forgiveness if certain public objectives (assessed value, jobs, tax revenue, etc.) are realized. This approach requires an “open book” arrangement with private developers, which 5.A.a Packet Pg. 146 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 94 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx may or may not be acceptable on a case-by-case basis. Here are 2 examples of this P3 concept that may be applicable:  TOT as a Key Incentive. If additional resources are needed on a deal-by-deal basis, an approach to leveraging this resource includes a self-imposed TOT surcharge. Property owners would use a Development Agreement to establish a higher TOT rate imposed on a project-specific basis to compensate the jurisdiction or the above-referenced fund for value of parking or other assets contributed.  Sale-Leaseback. In many cases a public agency may sell specific assets to 1 or more private-sector entities and lease them back, thereby realizing a lump sum providing working capital. This could be 1 manner in which a Revolving Loan Fund (RLF) could be capitalized (see discussion below). Use of this approach would require a more specific evaluation of the relative value of key assets (e.g., surplus corporation yards, surface parking lots, or other nonessential facilities), the cost and source of lease back payments, and the recognized quantitative and qualitative benefit from the application of sales proceeds. Overall, P3 is an effective mechanism for overcoming a financing gap using the ability of the public sector to improve project feasibility through the provision of assets, services, funding, and other attributes. In the world of hotel development, a common mechanism for providing additional project capitalization is the commitment to return certain levels of TOT to a project to offset extraordinary development costs. Importantly, in this and other P3 examples, revenue controlled by the City and reinjected into the project is money that would not exist “but for” the project. Property and sales tax increment deals typically work on the same principle. Ultimately any infusion of City tax of General Fund money needs to be demonstrated to result in a net improvement in overall economic outcome relative to the “before-project” condition. There is always a strong need in P3 deals to ensure a tight alignment between public- and private-sector goals. In some cases, the City may be justified in including its own real property assets into a P3 project, if needed to accomplish over-riding community objectives and to overcome otherwise unattainable project feasibility thresholds. It is recommended that the City conduct a detailed review of potential surplus assets that may be helpful to create some liquidity that could be quickly used for critical project funding, whether it be as part of the projects identified below or for more general use as part of a RLF, as discussed below. To the extent the City owns land in projects representing major P3 opportunities, it can consider the potential pros and cons of injecting land as equity in a project as a fee-simple transfer (i.e., sale) or as a ground lease. However, ground leasing tends to induce great complexity around provision of project financing, especially as pertains to single-family residential or any use not in a very strong market position. For situations involving weaker market conditions, developers typically will see very long lease terms (e.g., 50 to 99 years) to gain sufficient long-term utility of the site to realize sufficient economic benefit before the ultimate reversion of the property back to the City. Various P3 opportunities the City can pursue are described below. 5.A.a Packet Pg. 147 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 95 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Monterey Street and Tenth Street Corridor Sites/HSR Station This area has a complex ownership pattern, including City-owned property at the Art Center, a large area under existing ground lease in the form of the former OSH store, a major 2-block holding owned by UP, and several privately owned parcels. In addition, the area to the east of the tracks includes various fine-grained uses in the industrial sector that should be protected. It is recommended the City hold a scoping meeting to understand the most efficient manner to expand current rail station planning efforts, perhaps as a component of an updated Downtown Specific Plan, and to make initial contacts with various property owners to determine the level of interest. This effort should be made in light of recognition of the City’s commitment to strengthening the area with the above-referenced incentives, along with the potential to attract a major Opportunity Fund investor. Sports Park The Sports Park is another major asset capable of putting Gilroy on the map as a regional recreational hub, similar to the City of Manteca, which is establishing a “Family Entertainment Zone” anchored in that case by a Great Wolf Lodge. Ideally the City will have the ability to identify and negotiate with a major anchor providing a novel and compelling concept to jump- start this project. To maximize the economic benefit of the project, it would ideally provide food and lodging as an integrated approach, assuming that such uses may be allowed from a LAFCO/other regulatory standpoint. Gilroy Gardens The City’s 35-acre area, embedded in the larger Gilroy Gardens site, is positioned to serve as a “base village” for a re-imagined and improved overall project. While Gilroy Gardens remains a popular summer destination, the area has immense potential ability to accommodate a broad range of expanded visitor activities that would leverage the spectacular aesthetics of the area. As such, the 35-acre parcel’s potential is intrinsically linked to the larger fate of Gilroy Gardens— should there be the ability to significantly expand the range of activities and improve visitation as a year-round destination concept, the ability to provide a base village including hotel, retail, and even certain housing prototypes becomes a strong possibility. Fiscal benefits would likely support TOT sharing as needed to capitalize a destination hotel/retail environment. However, protectionist instincts are acute among current residents—it will be imperative to demonstrate how a project such as this may be implemented without causing circulation or other problems. Refine and Expand Capabilities and Responsibilities of the GEDC The GEDC would be well-advised to consider potential expansions of its core capacities to, in select cases, enact development when and where typical market forces are less than supportive. In effect the GEDC is in excellent position to analyze and advise the City as to when extraordinary efforts are needed to accommodate strategic industries and projects. With the abolition of Redevelopment in California, a replacement entity closer to the ground relative to specific projects and able to perform related economic evaluations is needed to bridge the gap with City staff and policy makers. While partial mitigation in the funding arena is available in the form of EIFDs and the promise of the new OZ legislation, there is a void in terms of a well- funded agency that actively works with the private sector and marshals creative combinations of 5.A.a Packet Pg. 148 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 96 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx public and private funding resources and skills to accomplish strategic, timely, and meaningful development by quickly and fluidly entering into P3s involving real property disposition, façade improvements, critical research and analysis, and a myriad of other essential activities needed to keep Gilroy in an assertive and business-friendly stance. The Opportunity and Corridor Sites evaluated in this report include examples of nuanced and challenging situations where risks presently outweigh benefits in the eyes of many prospective investors. As the City continues to evaluate these areas, it should also begin prioritizing additional corridors, such as Leavesley between US 101 and Monterey Street, as well as the entry experience along Monterey Street between Leavesley and Third Street, as well as other areas of infill and adaptive reuse. The GEDC, with its close relationship to property owners and other key stakeholders, occupies a unique perspective that may warrant an expansion in budget and staff to push forward with the recommendations of this report. In particular, the GEDC may be in a position to administer (or to work with a national administrator but still control) a RLF program. RLF Concept The GEDC has an opportunity to expand its role by organizing, coordinating, and running a regional development fund that would provide a formal approach toward priority development areas in Gilroy. The GEDC and its collaborators would work closely to prioritize and coordinate incentive packages for prospective investors. Each entity may have somewhat different criteria and overall program objectives related to said projects, requiring careful coordination at the front end of potential projects. In this era of scarce resources, it is imperative that maximum efficiency is gained in terms of strategic deployment of public and private resources. For medium-sized projects, equity is extremely valuable and subject to loss. The key fix is to shorten the length of time and complexity of steps needed in the critical phase between initial due diligence and application submission. The GEDC may have the ability to expand its activity around grants, low-interest or forgivable loans, and developing deal structures using a variety of funding sources and techniques. The GEDC could engage with the City and other organizations to generate a critical mass of funding sources that, in combination with other efforts, brings the potential to have a decided impact on development momentum by virtue of expanding and diversifying the “capital stack” available to qualified projects, potentially including the following resources:  Surplus land/other municipal assets. The City controls assets that may be monetized in various ways to pursue favorable projects. Additional review and discussion of this topic will be necessary before these and other City assets can be factored into this approach or other P3 approaches discussed above.  Grant/other program funding. The City and GEDC have access to State resources and could have the responsibility of issuing grants to pursue key projects.  Jurisdictional project revenue consisting of TOT, property tax, or sales tax. The ability to issue debt supported by property tax through 1 of 3 available tax increment options 5.A.a Packet Pg. 149 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 97 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx could be strategic. This jurisdictional revenue also could act as “seed” capital to be repaid through fiscal receipts such as TOT.  Grants and Low-Interest Loans offered by local governments, as well as non- governmental institutions (NGOs). Entities such as these have specific interests in various activities and offer extremely advantageous loan terms for qualifying projects (e.g., 1 to 2 percent interest, 5 to 10 years).  Integration with other Funds. Local Initiatives Support Corporation’s Growing Rural Communities Fund, for example, will leverage New Markets Tax Credit equity with additional capital to finance real estate purchases and construction costs for projects that are oftentimes shut out of traditional lending opportunities because of their size and location.  Private Debt and Equity, including traditional and “impact” investors. To an increasing degree, major institutional investors have considered the environmental credentials of investment projects under the rubric of the “triple bottom line” concept.42 Institutional entities such as the California State Teachers Retirement System (CalSTRS) and the California Public Employees Retirement System (CalPERS) have also indicated interest in impact investing and may be strong candidates for follow up. However, these types of investors may need to see increased stability and predictability in the local market and may be a longer term prospect as a potential fund participant. In addition to traditional banking interests, short-term hard money lenders are able to fill financial gaps quickly in exchange for interest-rate premiums. The GEDC should conduct outside investor outreach to specify timing outlook and other steps necessary to secure equity capital, grants, low-interest loans, philanthropic sources, naming rights potential, and other sources of outside funding. Several entities could be involved in the fund concept:  The City and the County. To a great extent, local government participation in the program is hugely advantageous because of municipal revenue reinvestment potential (TOT, sales tax, property tax), which may be pledged to the fund. Moreover, these entities have the ability to issue municipal debt in support of the program and can greatly affect the risk profile through public policy levers affecting these: — Near-term sources. The City may establish a General Fund reserve as a way to seed initial County investment as a primary short-term source of fund capital. TOT revenue is a viable and primary source of gap funding for key projects under the proposed concept. — Mid-term sources. Using property tax increment, EIFDs have emerged as a leading candidate for infrastructure investment in infill settings as a direct result of the dissolution of redevelopment agencies in California. It provides a viable option for offsetting jurisdictional contributions toward extraordinary capital outlays for critical facilities such as structured parking, which in many cases will be necessary to realize allowable densities. Recent legislation (Senate Bill [SB] 628) has made this a more 42 See http://www.ibrc.indiana.edu/ibr/2011/spring/article2.html. 5.A.a Packet Pg. 150 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 98 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx viable funding and financing mechanism, eliminating the voter requirement to form the district and requiring just 55 percent voter approval to issue bonds. Other sources may include EB-5 and I-bank.  Short-Term Equity Sources. Under certain conditions, it may be necessary to provide gap funding to projects on a short-term basis. These “last in, first out” funds would command a higher interest rate, which could be controlled by virtue of any public-sector “backstopping” that might be possible.  Impact Investors. Many institutional investors are committed to placing certain percentages of their investments in funds that generate social or environmental goods, while achieving strong financial returns. These investors use a variety of techniques, depending on specific mission objectives and return criteria, and often blend below-market-rate tools (grants, credit enhancement, below-market loans including “first loss,” gap financing, and RLFs). In this regard, the term “first loss” relates to a strategy of taking GEDC or a jurisdiction out of the primary risk position and putting in place a source of equity capital, which could be an amalgamation of public and private resources. This source pairs well with the use of New Market Tax Credits and the use of Economic Development Corporations or Community Development Finance Institutions using a 501(c)(3) structure.  State Strategic Growth Council (cap and trade). The objectives of mixed-use town center development are entirely consistent with trip reduction criteria of cap and trade grants. However, the future of this source is uncertain and should not be considered a high probability to be a major component of fund capitalization. If renewed by the State legislature to continue beyond FY 2019/20, under some circumstances there may be longer term recapitalization potential from this source.  Private Investment Funds. Any number of additional funds could form an alliance with this to increase capital raising capabilities and without redundant operational burdens. For example, the Tahoe Fund has been identified as a potential partner in this concept. Figure 5-2 below provides an initial roadmap for entering into collaborative processes with public and private entities to further these goals. 5.A.a Packet Pg. 151 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTFigure 5-2City of GilroyPlace-Based Economic Development StrategyPotential Gilroy Revolving Loan Fund StructurerlfProject Development FundDevelopment ProjectSales Tax TOT RevenueProperty Tax Project Related RevenuesRecapitalize Project Development FundFund Parking, and/or other eligible costsCity General FundOutside Funding Reimburse City General Fund Initial Sources of CapitalPrepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2995.A.aPacket Pg. 152Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 100 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx Revolving Fund Components The concept depicted above includes the following characteristics: 1. Initial Capitalization from the City General Fund or other sources. As an example, Placer County initially capitalized a similar fund with General Fund revenue (TOT). As an augmentation to any General Fund revenue that may be available as a loan or a grant, it may also be possible to use DIFs to create seed funds. Other funds could be merged or affiliated with this effort, as could grant proceeds from various NGOs. 2. External Fund Augmentation. Additional funds potentially made available from grants, nonprofits, and NGOs. For example, the Packard Foundation has been involved in preliminary discussions related to a similar fund in the South Lake Tahoe area, indicating potential interest in participating in key projects by offering low interest loans (e.g., preliminary discussions indicated a potential 5-year term with interest of 1 percent per annum. 3. Determine Project Funding Que. Qualifying projects must demonstrate job generation, as well as other considerations, such as need for funding and ability to generate significant public revenue in the form of property tax, sales tax, or TOT. A development sequencing strategy should be created to determine optimal order of projects to create and sustain a positive cash flow. 4. Establish Policy for Reimbursement of Originators Versus Fund Recapitalization. Balance the need to provide return on investment to originator versus recapitalization of fund. The following cash flow model and related discussion indicates that under plausible assumptions, a fund balance can be sustained at positive levels while providing appropriate returns to the public and private entities originating loan capital. Tax increment revenues for an EIFD are minimal in the near term but become more robust in the outer years. If the EIFD is not authorized to issue debt, there is no term limit for its use. Long-term tax increment revenues could be one source for reimbursement. These are key initial issues and steps:  Define expanded scope of organization.  Evaluate legal aspects for expanded scope.  Determine sources of additional funding to support expanded scope.  Initiate RLF formation process (as warranted). Other Incentives: Coordinated Approach between City and GEDC  Tax relief. Cities such as Morgan Hill have offered tax relief as relating to B2B sales and use tax payments, as well as Utility User Tax relief. Additional evaluation of the need for and results of such programs should be thoroughly evaluated, as it is critical for the City to maintain a robust revenue picture. The GEDC would be a valuable arbiter regarding the identification of specific major owner-user and other entities that might warrant special measures on a case-by-case basis. 5.A.a Packet Pg. 153 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 101 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx  Façade Improvement. Whether through the RLF mechanism or simply through provision of grants on a case-by-case basis, the GEDC is in a good position to work with property owners to ensure that access to capital to refurbish older centers such as those profiled on First Street, which occupy sites too small to redevelop and still play an important role in serving their respective communities. These are best practices in Façade programs:43 — Façade improvement programs are developed to provide financial assistance and sometimes architectural assistance for the improvement of business fronts. These programs are not PBIDs or other such related “districts.” — Funding generally comes in the form of grants with specified grant limits. Grants generally are State or federal Community Development Block Grant. Local banks provide matching financing. — The programs may be offered across all sectors of a jurisdiction but may be more efficient in targeting certain areas or business corridors in a city. — A formal purpose statement should provide guidelines as to why the program is formed and provide stated goals for the program. — Eligibility requirements should be established identifying who may have access to the program. Is it property owners, or could it be tenants with landowner approval? There should be a statement of minimum and maximum grant/loan amounts. There could be targets established that would allow forgiveness of loans. Incentives might be continued maintenance and upkeep of improvements for specific terms (e.g., 5 years). — Provide clearly defined qualified improvements for the program to be consistent with goal statements.  Interface with City on Specific Plan approaches in infill/reuse context. Throughout this evaluation, there are instances where significant growth and development is planned for existing industrial areas. The GEDC is in an ideal position to monitor and inform City policy makers regarding fine-grained uses that should be protected in these areas to preserve the exiting small- to medium-sized job base in Gilroy. Overall, the City and the GEDC are encouraged to review two economic development incentive programs offering a useful structure for Gilroy. These are found in the cities of Elk Grove and Morgan Hill:  Grow Morgan Hill Fund. In partnership with the National Development Council, the City of Morgan Hill offers low-interest loan amounts of $100,000 to $1.5 million for permanent working capital, real estate acquisition, property improvements, machines or equipment, and refinancing eligible debt. The goal of the loan program is to help small businesses grow in Morgan Hill. 43 Note, the City of Dublin has a very well-conceived façade program not involving PBIDs. See https://cbig.ca.gov/Government-Partners/City-of-Dublin/Incentives/Commercial-Facade- Improvement-Grant-Program. 5.A.a Packet Pg. 154 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 102 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx  Utility User Tax Exemption. The City of Morgan Hill does not have Utility User Tax on services such as electricity, gas, and water, a potentially important cost savings for energy- intensive operations.  Construction Tax Exemption. The City of Morgan Hill does not impose construction taxes on any new building development or tenant improvements.  Use Tax Incentive. The City of Morgan Hill provides a rebate of up to 30 percent of the local sales tax revenue collected on select purchases of equipment, materials, and fixtures purchased by businesses or contractors operating in Morgan Hill.  Low Business Tax. The City of Morgan Hill’s base tax rate for most businesses is less than $5 per month. Depending on the industry the business is in, an additional charge may apply up to $3 per employee.  Startup Elk Grove. The City of Elk Grove established this city-led program to support the launch, growth, and attraction of innovative startup companies in and to Elk Grove by providing financial, site selection, entitlement, and permitting support to entrepreneurs, startup companies, and operators of coworking, incubator, and accelerator spaces. The program is comprised of 3 components, described below: — Launch provides financial incentives to startup entrepreneurs with a high potential concept who agree to develop and attempt to launch their business in Elk Grove. — Scaleup provides financial incentives and non-monetary assistance for startup companies that demonstrate high growth potential and are looking to scale operations in Elk Grove. — Spaces provides financial incentives for operators of coworking spaces, incubators, or accelerators in Elk Grove. Funds may be used by the City of Elk Grove to purchase, lease, or improve commercial spaces suitable for these operators. As discussed above, Morgan Hill has taken an aggressive stance on tax relief packages, which should be more carefully evaluated as a potential next step. While providing a good example for consideration, Gilroy is unique to Morgan Hill in many respects, and the need for long-term municipal revenue from a variety of sources is critical to Gilroy’s future, meaning that further discussion and consideration of any program that would reduce City receipts should be carefully evaluated to ensure probable overall payback (i.e., ensure the benefit eclipses the cost of lost revenue) occurs within a reasonable timeframe. Next Steps As discussed throughout this report, Gilroy has an opportunity to capture select industries being pushed out of the greater San Jose and other peripheral markets. Future opportunities in this regard will be brought about by HSR, fuller development of the City’s tourism sector, the potential capture of R&D and advanced manufacturing in agricultural technology and other clusters, and protection and support for the City’s coveted Outlets. While market preferences and the “fit” of various industries with identified site zoning, size, access, and configuration will determine the outcome, the City has the opportunity to put its “thumb on the scale” to tip the 5.A.a Packet Pg. 155 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) Gilroy Place-Based Economic Development Strategy Public Review Draft Report December 4, 2018 Economic & Planning Systems, Inc. (EPS) 103 P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Reports\182020 Public Review r1 12-04-18.docx balance in its favor where circumstances dictate. Key elements requiring additional study are listed below:44  Public Asset Disposition Strategy (Gilroy Gardens, Sports Park, Arts Center/Hornlein Court).  East of US 101 Residential and Mixed-Use Feasibility Analysis.  Outlets Advancement Strategy.  RLF Pilot Program Feasibility Evaluation.  B2B Sales Tax Relief Evaluation.  Impact Fee Waiver Criteria and Backfill Approach.  Multimodal Improvement Plan Feasibility.  Startup/Incubator Financial Incentive Pilot.  Evaluate Agriculture Mitigation In-Lieu Fee Payment Option.  Seek Interim RDO Allowance.  Conduct Community Education Series on Downtown Intensification Strategies.  Evaluate GPU Implications (public workshops). EPS stands ready to work with City and GEDC staff to further explore these elements as a follow- up analysis pursuant to this report. 44 As appropriate, these strategies may be developed in more detail following initial review and discussion. 5.A.a Packet Pg. 156 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) APPENDICES: Appendix A: Gilroy Resident Worker and Industry Analysis Appendix B: Gilroy Additional Market Analytics Appendix C: Gilroy Planning Documents Appendix D: Financial Mechanisms Detail 5.A.a Packet Pg. 157 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) APPENDIX A: Gilroy Resident Worker and Industry Analysis Table A-1 Gilroy Resident Worker Industry Changes .......................... A-1 Table A-2 Comparison of Industry Economic Key Statistics ................. A-2 5.A.a Packet Pg. 158 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable A-1City of GilroyPlace-Based Economic Development StrategyGilroy Resident Worker Industry ChangesIndustry2011 2016 Amount Percent 2011 2016 Amount PercentAgriculture, forestry, fishing and hunting 1,082 1,235 153 14.1% $17,421 $21,305 $3,884 22.3%Mining, quarrying, and oil and gas extraction 0 0 0 0.0% - - $0 0.0%Construction 2,033 2,210 177 8.7% $45,446 $45,000 ($446) (1.0%)Manufacturing 2,920 3,154 234 8.0% $53,258 $49,907 ($3,351) (6.3%)Wholesale trade 498 738 240 48.2% $53,611 $46,739 ($6,872) (12.8%)Retail trade 3,301 3,336 35 1.1% $24,288 $19,123 ($5,165) (21.3%)Transportation and warehousing 261 460 199 76.2% $77,716 $56,806 ($20,910) (26.9%)Utilities 216 292 76 35.2% $47,273 $77,574 $30,301 64.1%Information 389 404 15 3.9% $44,811 $38,457 ($6,354) (14.2%)Finance and insurance 544 478 (66) (12.1%) $75,000 $74,853 ($147) (0.2%)Real estate and rental and leasing 477 578 101 21.2% $26,250 $40,975 $14,725 56.1%Professional, scientific, and technical services 965 1,465 500 51.8% $73,220 $82,580 $9,360 12.8%Management of companies and enterprises 0 10 10 0.0% - - $0 0.0%Administrative and support and waste management services 1,104 1,170 66 6.0% $25,179 $25,175 ($4) (0.0%)Educational services 1,714 2,089 375 21.9% $36,986 $44,250 $7,264 19.6%Health care and social assistance 2,282 2,979 697 30.5% $44,894 $45,063 $169 0.4%Arts, entertainment, and recreation 380 459 79 20.8% $12,318 $11,534 ($784) (6.4%)Accommodation and food services 1,466 2,156 690 47.1% $13,858 $14,424 $566 4.1%Other services, except public administration 1,306 1,121 (185) (14.2%) $23,160 $23,085 ($75) (0.3%)Public administration 942 1,142 200 21.2% $79,362 $83,935 $4,573 5.8%Total21,880 25,476 3,596 16.4% $37,751 $35,835($1,916)(5.1%)gilroy workerSource: US Census Bureau, 2007-2011 ACS, 2012-2016 ACS; EPS.Resident WorkersChangeMedian EarningsChangePrepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2A-15.A.aPacket Pg. 159Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable A-2City of GilroyPlace-Based Economic Development StrategyComparison of Industry Economic Key Statistics (2012)Industry [3] [4]Number of Establish.Number of EmployeesTotal($1,000)Average per Establish.Total($1,000)Average per EmployeeNumber of Establish.Number of EmployeesTotal($1,000)Average per Establish.Total($1,000)Average per EmployeeNumber of Establish.Number of EmployeesTotal($1,000)Average per Establish.Total($1,000)Average per EmployeeMining, quarrying, and oil and gas extractionN/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 753 27,852 $22,114,832 $29,368,967 $2,244,544 $80,588ConstructionN/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 60,247 597,265 $148,546,029 $2,465,617 $30,413,827 $50,922Manufacturing54 1,346 $498,855 $9,238,056 $68,747 $51,075 2,385 100,981 $41,450,609 $17,379,710 $9,169,184 $90,801 38,741 1,163,341 $512,303,164 $13,223,798 $69,316,766 $59,584Wholesale trade [5]41 N/A N/A N/A N/A N/A 2,310 84,304 $91,858,973 $39,765,789 $10,822,201 $128,371 52,664 723,526 $666,652,186 $12,658,594 $48,408,666 $66,907Retail trade313 5,155 $1,191,898 $3,807,981 $111,945 $21,716 4,927 84,158 $40,336,741 $8,186,877 $3,212,354 $38,171 106,419 1,540,055 $481,800,461 $4,527,391 $43,361,045 $28,156Transportation and warehousing25 365 $72,576 $2,903,040 $17,170 $47,041591 10,459 $1,435,043 $2,428,161 $439,739 $42,044 21,218 441,734 $78,925,731 $3,719,754 $19,716,092 $44,633Utilities1 N/A N/A N/A N/A N/A 24 N/A N/A N/A N/A N/A 1,143 66,836N/A N/A $7,009,835 $104,881Information11 186 N/A N/A $8,023 $43,134 1,427 78,161N/A N/A $14,623,303 $187,092 21,925 561,399N/A N/A $70,661,932 $125,868Finance and insurance50 310 N/A N/A $14,015 $45,210 2,279 27,272N/A N/A $2,390,610 $87,658 48,523 601,858N/A N/A $57,898,326 $96,199Real estate and rental and leasing40 136 $48,641 $1,216,025 $4,706 $34,603 2,426 12,827 $4,458,930 $1,837,976 $763,677 $59,537 49,276 273,511 $78,740,158 $1,597,941 $13,467,465 $49,239Professional, scientific, and technical services73 382 $51,830 $710,000 $19,089 $49,971 8,395 125,395 $30,138,892 $3,590,100 $13,549,775 $108,057 114,321 1,303,232 $234,371,249 $2,050,115 $90,437,296 $69,395Management of companies and enterprisesN/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 5,116 276,957 $14,197,087 $2,775,037 $30,089,818 $108,644Administrative and support and waste management services53 617 $62,568 $1,180,528 $21,037 $34,096 2,173 66,466 $5,007,152 $2,304,258 $2,385,128 $35,885 41,820 1,109,518 $88,134,862 $2,107,481 $43,254,296 $38,985Educational services6 39 $1,077 $179,500 $359 $9,205693 7,634 $503,683 $726,815 $172,704 $22,623 9,240 105,142 $7,784,661 $842,496 $2,629,451 $25,009Health care and social assistance135 2,027 $307,111 $2,274,896 $107,394 $52,982 5,410 99,127 $17,020,991 $3,146,209 $6,095,538 $61,492 103,207 1,776,440 $248,953,592 $2,412,177 $91,139,895 $51,305Arts, entertainment, and recreation9 383 $14,033 $1,559,222 $5,136 $13,410515 14,189 $1,479,614 $2,873,037 $558,938 $39,392 21,191 303,838 $39,179,497 $1,848,874 $13,418,928 $44,165Accommodation and food services127 2,168 $124,616 $981,228 $31,710 $14,626 4,407 72,491 $4,809,201 $1,091,264 $1,336,160 $18,432 78,560 1,394,984 $90,830,372 $1,156,191 $25,147,755 $18,027Other services, except public administration92 745 $81,623 $887,207 $20,276 $27,216 3,008 20,859 $3,493,842 $1,161,517 $728,461 $34,923 57,009 395,836 $50,439,225 $884,759 $12,251,174 $30,950Totalemployer statSource: US Census Bureau, 2012 Economic Census; EPS[1] Includes value of sales, shipments, receipts, revenue, or business done.[2] Includes all form of compensation, such as salaries, wages, commissions, dismissal pay, bonuses, vacation allowances, sick-leave pay, and employee contributions to qualified pension plans paid during the year to all employees.[3] Reflects data from all establishments, including establishments subject to federal income tax and establishments exempt from federal income tax.[4] Dataset does not include statistics on Agriculture, foresty, fishing and hunting; and Public administration.[5] Reflects data for merchant wholesalers, except manufacturers' sales branches and offices.CaliforniaValue of Business [1] Annual Payroll [2]City of GilroyValue of Business [1] Annual Payroll [2] Value of Business [1] Annual Payroll [2]Santa Clara CountyPrepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2A-25.A.aPacket Pg. 160Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) APPENDIX B: Gilroy Additional Market Analytics Table B-1 Industrial Inventory ........................................................ B-1 Table B-2 Industrial Annual Net Absorption ...................................... B-2 Table B-3 Industrial Annual Deliveries ............................................. B-3 Table B-4 Office Inventory ............................................................. B-4 Table B-5 Office Annual Net Absorption ........................................... B-5 Table B-6 Office Annual Deliveries ................................................... B-6 Table B-7 Retail Inventory ............................................................. B-7 Table B-8 Retail Vacancy ............................................................... B-8 Table B-9 Retail Annual Net Absorption ............................................ B-9 Table B-10 Retail Average Asking Least Rate .................................... B-10 Table B-11 Retail Annual Deliveries ................................................. B-11 Table B-12 Gilroy Hotel Visitation Analysis (5 pages) ......................... B-12 5.A.a Packet Pg. 161 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable B-1City of GilroyPlace-Based Economic Development StrategyIndustrial Inventory (Leasable Sq. Ft.)Market 2008 Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1Amount PercentGilroy5,140,475 5,174,975 5,174,975 5,174,975 5,174,975 5,174,975 5,174,975 5,174,975 5,174,975 5,174,975 5,174,975 34,500 0.7%Gilroy/Morgan Hill8,328,975 8,396,819 8,365,197 8,365,197 8,365,197 8,368,197 8,368,197 8,368,197 8,368,197 8,349,518 8,371,694 42,719 0.5%San Jose Market96,324,915 96,037,226 95,999,802 95,037,404 95,000,670 94,615,339 93,995,834 93,835,589 93,600,189 94,109,360 94,071,792 (2,253,123) (2.3%)Salinas Market 20,251,995 20,289,075 20,321,304 20,321,304 20,321,304 20,341,218 20,341,218 20,341,218 20,341,218 20,439,738 20,453,238 201,243 1.0%ind invSource: CoStar, data retrieved May 15, 2018; EPS.Industrial —InventoryChange (2008-2018)Prepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2B-15.A.aPacket Pg. 162Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable B-2City of GilroyPlace-Based Economic Development StrategyIndustrial Annual Net Absorption (Leasable Sq. Ft.)AnnualMarket 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 [1]Average [2]Gilroy(1,110) (4,270) 48,730 (62,866) (58,925) (183,996) 190,523 81,744 262,931 (71,081) 68,874 20,168Gilroy/Morgan Hill154,199 63,933 40,319 (69,532) (57,601) (194,711) 115,059 211,598 246,239 (84,643) 58,880 42,486San Jose Market(1,383,948) (2,921,591) (834,677) 224,689 (2,272,441) (1,241,777) 789,650 (320,195) 1,732,703 (797,787) 1,011,955 (702,537)Salinas Market [3]225,468 (1,130,539) 418,518 63,007 140,702 67,639 458,727 80,527 206,066 (65,284) 82,679 46,483ind absSource: CoStar, data retrieved May 15, 2018; EPS.[1] Reflects data through May 2018.[2] Reflects annual average net absorption from 2008 through 2017.Industrial —AbsorptionPrepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2B-25.A.aPacket Pg. 163Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable B-3City of GilroyPlace-Based Economic Development StrategyIndustrial Annual Deliveries (Leasable Sq. Ft.)AnnualMarket 2008 2009 2010 2011 2012 2013 2014 2015 2016 [1] 2017 2018 [2] TotalAverage [3]Gilroy68,5710000000450,000 0 0 518,571 51,857Gilroy/Morgan Hill101,91500003,000 0 0 450,000 0 22,176 577,091 55,492San Jose Market101,915 3,161 302,866 0 35,330 3,000 0 0 930,251 435,695 628,695 2,440,913 181,222Salinas Market [3]37,080 32,229 0 0 19,914 0 0 0 9,895 88,625 13,500 201,243 18,774ind delivSource: CoStar, data retrieved May 15, 2018; EPS.[1] CoStar does not register some new developments that are owner-user constructed. EPS added 450,000 square feet delivery based on the estimated square footage of the UNFI project that was developed between 2015 and 2016.[2] Reflects data through May 2018.[3] Reflects annual average delivered square feet from 2008 through 2017.Industrial —Delivered Sq. Ft.Prepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2B-35.A.aPacket Pg. 164Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable B-4City of GilroyPlace-Based Economic Development StrategyOffice Inventory (Leasable Sq. Ft.)Market 2008 Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1Amount PercentGilroy744,826 744,826 744,826 744,826 744,826 744,826 744,826 744,826 744,826 738,214 738,214 (6,612) (0.9%)Gilroy/Morgan Hill1,903,544 1,903,544 1,903,544 1,903,544 1,903,544 1,903,544 1,903,544 1,903,544 1,903,544 1,896,932 1,896,932 (6,612) (0.3%)San Jose Market101,189,225 103,674,234 104,553,029 105,905,101 105,927,902 107,290,455 108,737,553 110,396,749 114,534,673 117,031,760 127,266,547 26,077,322 25.8%Salinas Market [1]8,348,304 8,413,292 8,413,292 8,413,292 8,428,292 8,428,292 8,428,292 8,428,292 8,428,292 8,656,934 8,656,934 308,630 3.7%off invSource: CoStar, data retrieved May 15, 2018; EPS.Change (2008-2018)Office —InventoryPrepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2B-45.A.aPacket Pg. 165Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable B-5City of GilroyPlace-Based Economic Development StrategyOffice Annual Net Absorption (Leasable Sq. Ft.)AnnualMarket 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 [1]Average [2]Gilroy7,712 (13,231) (4,325) 8,24327 (4,240) 1,299 30,115 (6,143) 4,57089 2,403Gilroy/Morgan Hill17,195 (46,989) (19,493) 25,950 48,988 (8,563) 1,562 8,685 32,314 30,226 (2,261) 8,988San Jose Market(465,575) (2,267,669) 1,471,632 1,177,067 2,775,576 2,800,724 1,365,364 5,636,757 1,847,946 6,140,236 1,776,756 2,048,206Salinas Market [3]108,593 (242,188) (7,284) 44,787 675 (99,332) (55,189) 26,035 140,237 282,456 18,565 19,879off absSource: CoStar, data retrieved May 15, 2018; EPS.[1] Reflects data through May 2018.[2] Reflects annual average net absorption from 2008 through 2017.Office —AbsorptionPrepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2B-55.A.aPacket Pg. 166Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable B-6City of GilroyPlace-Based Economic Development StrategyOffice Annual Deliveries (Leasable Sq. Ft.)AnnualMarket 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 [1] TotalAverage [2]Gilroy00000000000 0 0Gilroy/Morgan Hill00000000000 0 0San Jose Market2,358,026 1,789,453 1,401,236 87,829 660,078 2,370,925 1,590,704 3,988,509 3,151,701 8,262,031 2,988,462 28,648,954 2,566,049Salinas Market76,299 0 0 15,000000087,416 141,226 0 319,941 31,994off delivSource: CoStar, data retrieved May 15, 2018; EPS.[1] Reflects data through May 2018.[2] Reflects annual average delivered square feet from 2008 through 2017.Office —Delivered Sq. Ft.Prepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2B-65.A.aPacket Pg. 167Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable B-7City of GilroyPlace-Based Economic Development StrategyRetail Inventory (Leasable Sq. Ft.)Market 2008 Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1Amount PercentGilroy4,557,431 4,772,108 4,783,530 4,783,530 4,783,530 4,778,013 4,778,013 4,778,013 4,778,013 4,778,013 4,778,013 220,582 4.8%Gilroy/Morgan Hill6,905,172 7,229,848 7,246,936 7,246,936 7,261,512 7,255,995 7,255,995 7,255,995 7,255,995 7,233,865 7,251,084 345,912 5.0%San Jose Market76,278,241 76,989,092 77,461,520 77,964,353 78,005,333 78,045,468 78,499,945 79,077,355 79,502,140 79,828,906 80,611,202 4,332,961 5.7%Salinas Market17,834,866 17,906,921 17,912,694 17,922,966 17,942,549 17,969,049 17,974,284 17,976,884 18,039,507 18,077,160 18,101,713 266,847 1.5%ret invSource: CoStar, data retrieved May 15, 2018; EPS.Retail —InventoryChange (2008-2018)Prepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2B-75.A.aPacket Pg. 168Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable B-8City of GilroyPlace-Based Economic Development StrategyRetail VacancyMarketAmount Percent Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent Amount PercentGilroy388,471 8.5% 379,291 7.9% 420,4018.8% 468,752 9.8% 275,593 5.8% 308,428 6.5% 303,365 6.3% 274,248 5.7% 252,979 5.3% 175,796 3.7% 127,562 2.7% 306,8086.4%Gilroy/Morgan Hill493,383 7.1% 606,309 8.4% 702,3429.7% 746,081 10.3% 483,271 6.7% 536,108 7.4% 496,487 6.8% 429,533 5.9% 381,765 5.3% 280,998 3.9% 223,258 3.1% 489,049 6.8%San Jose Market2,603,487 3.4% 3,933,192 5.1% 4,662,523 6.0% 4,431,335 5.7% 3,878,820 5.0% 3,545,617 4.5% 2,971,459 3.8% 2,993,895 3.8% 3,395,645 4.3% 3,313,390 4.2% 2,947,466 3.7% 3,516,075 4.5%Salinas Market 513,112 2.9% 805,099 4.5% 867,8334.8% 873,928 4.9% 809,654 4.5% 661,654 3.7% 662,853 3.7% 582,327 3.2% 538,412 3.0% 450,659 2.5% 330,216 1.8% 645,0683.6%ret vacSource: CoStar, data retrieved May 15, 2018; EPS.2011 Q1 2012 Q1 2013 Q1 2014 Q12008 Q1 2009 Q1 2010 Q12015 Q1 2016 Q1 2017 Q1 2018 Q1Retail —VacancyAverage (2008-2018)0.0%2.0%4.0%6.0%8.0%10.0%12.0%2008 Q12009 Q12010 Q12011 Q12012 Q12013 Q12014 Q12015 Q12016 Q12017 Q12018 Q1Retail Vacancy RateGilroyGilroy/Morgan HillSan Jose MarketSalinas MarketPrepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2B-85.A.aPacket Pg. 169Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable B-9City of GilroyPlace-Based Economic Development StrategyRetail Annual Net Absorption (Leasable Sq. Ft.)AnnualMarket 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 [1]Average [2]Gilroy284,692 40,472 616 97,519 (32,836) 62,861 (47,314) 66,645 (8,021) 98,045 41,878 56,268Gilroy/Morgan Hill473,386 (108,140) 3,400 109,636 (1,355) 71,570 (10,620) 81,501 13,780 150,012 17,565 78,317San Jose Market855,015 (1,645,337) 285,985 389,675 (258,856) 404,454 1,269,035 (249,606) (235,476) 1,074,891 (60,299) 188,978Salinas Market (96,051) (307,604) 1,515 99,170 119,985 88,257 55,360 176,633 17,544 166,433 7,101 32,124ret absSource: CoStar, data retrieved May 15, 2018; EPS.[1] Reflects data through May 2018.[2] Reflects annual average net absorption from 2008 through 2017.Retail —AbsorptionPrepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2B-95.A.aPacket Pg. 170Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable B-10City of GilroyPlace-Based Economic Development StrategyRetail Average Asking Lease Rate (Per Leaseable Sq. Ft.) [1]Avg. AnnualMarket 2008 Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1Amount Percent% ChangeGilroyAnnual$15.63 $16.03 $16.04 $16.56 $15.49 $13.69 $13.85 $15.75 $16.04 $17.08 $18.54 $2.91 18.6% 1.7%Monthly $1.30 $1.34 $1.34 $1.38 $1.29 $1.14 $1.15 $1.31 $1.34 $1.42 $1.55 $0.24 - - Gilroy/Morgan HillAnnual $17.54 $19.25 $18.72 $18.95 $18.58 $17.19 $16.53 $17.89 $18.03 $19.16 $21.48 $3.94 22.5% 2.0%Monthly $1.46 $1.60 $1.56 $1.58 $1.55 $1.43 $1.38 $1.49 $1.50 $1.60 $1.79 $0.33 - - San Jose MarketAnnual $28.69 $27.00 $26.23 $25.68 $25.98 $26.37 $27.62 $29.24 $30.54 $30.43 $32.81 $4.12 14.4% 1.4%Monthly $2.39 $2.25 $2.19 $2.14 $2.17 $2.20 $2.30 $2.44 $2.55 $2.54 $2.73 $0.34 - - Salinas Market Annual $17.47 $19.34 $18.21 $17.49 $17.08 $18.06 $17.64 $16.74 $17.79 $22.38 $19.24 $1.77 10.1% 1.0%Monthly $1.46 $1.61 $1.52 $1.46 $1.42 $1.51 $1.47 $1.40 $1.48 $1.87 $1.60 $0.15 - - ret ls rtSource: CoStar, data retrieved May 15, 2018; EPS.[1] Lease rates reflect Triple Net for the identified market.Retail —Average AskingLease RateChange (2008-2018)$0.00$5.00$10.00$15.00$20.00$25.00$30.00$35.002008 Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1Average Annual Lease Rate per Sq. Ft.GilroyGilroy/Morgan HillSan Jose MarketSalinas MarketPrepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2B-105.A.aPacket Pg. 171Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable B-11City of GilroyPlace-Based Economic Development StrategyRetail Annual Deliveries (Leasable Sq. Ft.)AnnualMarket 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 [1] TotalAverage [2]Gilroy211,704 18,750 23,4220 11,115000000264,991 26,499Gilroy/Morgan Hill394,318 18,750 29,088 14,576 11,11500003,000 14,219 485,066 47,085San Jose Market1,414,915 543,342 471,146 315,966 249,898 347,953 809,853 410,744 669,826 632,661 208,299 6,074,603 586,630Salinas Market115,033 5,689 3,634 33,299 13,500 18,235 2,600 62,623 15,912 52,3160 322,841 32,284ret delivSource: CoStar, data retrieved May 15, 2018; EPS.[1] Reflects data through May 2018.[2] Reflects annual average delivered square feet from 2008 through 2017.Retail —Delivered Sq. Ft.Prepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2B-115.A.aPacket Pg. 172Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTPage 1 of 5Table B-12City of GilroyPlace-Based Economic Development StrategyGilroy Hotel Visitation AnalysisItemJul Aug Sept Oct Nov DecLodging PerformanceTOT Collections (Thousands) $163.8 $162.9 $122.6 $131.9 $101.3 $85.5Occupancy Rate 76.9% 75.9% 71.6% 71.3% 59.3% 50.5%Average Annual Occupancy Rate [1] - - - - - 67.6%Avg. Daily Rate $107.85 $108.73 $89.57 $93.70 $89.31 $85.67Year-Over-Year % ADR Change - - - - - - RevPar [2] - - - - - - [1] 2014: Reflects July to December. 2018: Reflects January to May.[2] Data has been collected by Visit Gilroy since only July 2017.Source: Visitation data compiled by Visit Gilroy based on Smith Travel Research reports.2014Prepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2B-125.A.aPacket Pg. 173Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTPage 2 of 5Table B-12City of GilroyPlace-Based Economic Development StrategyGilroy Hotel Visitation AnalysisItemLodging PerformanceTOT Collections (Thousands)Occupancy RateAverage Annual Occupancy Rate [1]Avg. Daily RateYear-Over-Year % ADR ChangeRevPar [2] [1] 2014: Reflects July to December. 2018: Reflects January to May.[2] Data has been collected by Visit Gilroy since only July 2017.Source: Visitation data compiled by Visit Gilroy based on Smith Travel Research reports.Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec$114.3 $108.4 $127.0 $143.8 $149.5 $161.9 $196.7 $185.4 $164.4 $157.6 $117.5 $96.062.2% 67.2% 71.4% 77.9% 77.9% 83.7% 88.1% 84.9% 81.5% 79.1% 65.0% 54.0%- - - - - - - - - - - 74.4%$92.99 $90.46 $90.13 $96.54 $97.13 $101.22 $113.05 $110.60 $105.51 $100.81 $94.57 $90.12- - - - - - 4.8% 1.7% 17.8% 7.6% 5.9% 5.2%- - - - - - - - - - - - 2015Prepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2B-135.A.aPacket Pg. 174Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTPage 3 of 5Table B-12City of GilroyPlace-Based Economic Development StrategyGilroy Hotel Visitation AnalysisItemLodging PerformanceTOT Collections (Thousands)Occupancy RateAverage Annual Occupancy Rate [1]Avg. Daily RateYear-Over-Year % ADR ChangeRevPar [2] [1] 2014: Reflects July to December. 2018: Reflects January to May.[2] Data has been collected by Visit Gilroy since only July 2017.Source: Visitation data compiled by Visit Gilroy based on Smith Travel Research reports.Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec$108.1 $126.5 $131.3 $145.9 $147.5 $173.6 $216.7 $193.7 $155.1 $158.3 $128.0 $104.858.6% 70.5% 68.6% 74.2% 74.7% 81.8% 84.7% 81.8% 76.3% 78.5% 70.8% 60.5%- - - - - - - - - - - 73.4%$93.40 $100.54 $96.84 $102.79 $100.01 $111.02 $129.47 $119.92 $106.42 $102.02 $94.55 $87.740.4% 11.1% 7.4% 6.5% 3.0% 9.7% 14.5% 8.4% 0.9% 1.2% (0.0%) (2.6%)- - - - - - - - - - - - 2016Prepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2B-145.A.aPacket Pg. 175Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTPage 4 of 5Table B-12City of GilroyPlace-Based Economic Development StrategyGilroy Hotel Visitation AnalysisItemLodging PerformanceTOT Collections (Thousands)Occupancy RateAverage Annual Occupancy Rate [1]Avg. Daily RateYear-Over-Year % ADR ChangeRevPar [2] [1] 2014: Reflects July to December. 2018: Reflects January to May.[2] Data has been collected by Visit Gilroy since only July 2017.Source: Visitation data compiled by Visit Gilroy based on Smith Travel Research reports.Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec$98.3 $111.1 $128.5 $132.4 $156.0 $184.1 $202.9 $194.7 $171.3 $156.6 $129.7 $109.354.8% 65.4% 66.7% 67.0% 74.4% 81.6% 78.1% 77.3% 75.8% 69.4% 64.4% 60.5%- - - - - - - - - - - 69.6%$90.77 $95.18 $97.57 $103.45 $106.15 $117.97 $131.53 $127.55 $118.23 $114.21 $105.30 $91.43(2.8%) (5.3%) 0.8% 0.6% 6.1% 6.3% 1.6% 6.4% 11.1% 11.9% 11.4% 4.2%- - - - - - $102.71 $98.56 $89.61 $79.29 $67.83 $55.342017Prepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2B-155.A.aPacket Pg. 176Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTPage 5 of 5Table B-12City of GilroyPlace-Based Economic Development StrategyGilroy Hotel Visitation AnalysisItemLodging PerformanceTOT Collections (Thousands)Occupancy RateAverage Annual Occupancy Rate [1]Avg. Daily RateYear-Over-Year % ADR ChangeRevPar [2] [1] 2014: Reflects July to December. 2018: Reflects January to May.[2] Data has been collected by Visit Gilroy since only July 2017.Source: Visitation data compiled by Visit Gilroy based on Smith Travel Research reports.Jan Feb Mar Apr May$114.2 $117.0 $137.2 $147.9 $159.859.4% 68.9% 69.4% 72.3% 73.3%- - - - 68.7%$97.07 $94.98 $99.91 $106.82 $110.296.9% (0.2%) 2.4% 3.3% 3.9%$57.66 $65.47 $69.35 $77.27 $80.80visitor data2018Prepared by EPS 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2B-165.A.aPacket Pg. 177Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) APPENDIX C: Excerpts from Gilroy City Planning Documents 5.A.a Packet Pg. 178 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 9 Public Review Draft | April 2018Section 3: Land Use Designations Land Use Designation Density Range (Dwelling Units Per Gross Acre) Maximum Floor Area Ratio Allowed Uses General Plan Designations Hillside Residential 1.0 - 4.0 N/A Single-family detached Low-Density Residential 3.0 - 8.0 N/A Single-family detached Medium-Density Residential 8.0 - 20.0 N/A Duplexes, townhomes, apartments High-Density Residential 0 - 20.0+N/A Townhomes, apartments Neighborhood District High Varies (see Page 11)N/A Variety of residential densities Neighborhood commercial Neighborhood District Low Varies (see Page 11)N/A Variety of residential densities Neighborhood commercial State planning law requires general plans to establish “standards of population density and building intensity,” as well as allowed uses for the various land use designations in the plan. As a part of the General Plan Update process, residents, business owners, and interested parties are given the opportunity to evaluate and weigh in on the appropriate land use types, densities, and intensities for different areas of the community, as well as on the form and design of new development. To support the description of each alternative, this section is written as a guide for understanding the different land uses presented in the alternatives. Each land use included in Table 1 is described in terms of development standards and allowable uses. TABLE 1: GENERAL PLAN LAND USE DESIGNATIONS 5.A.a Packet Pg. 179 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 10 City of Gilroy | General Plan Alternatives Report Land Use Designation Density Range (Dwelling Units Per Gross Acre) Maximum Floor Area Ratio Allowed Uses General Services Commercial N/A 2.0 Retail, service, low-intensity commercial operations with light industrial nature, automobile sales City Gateway N/A 2.0 Retail, service, office, visitor-serving uses (hotels) Mixed-Use Low 20.0 - 30.0 2.5 Retail, service, office, residential Mixed-Use High 20.0 - 40.0 4.0 Retail, service, office, residential General Industrial N/A 3.0 Large scale manufacturing, warehousing, distribution Employment Center N/A 3.0 Office campuses, research and development, medical, high-tech, light industrial Industrial Park N/A 1.0 Light manufacturing, office, assembly plants, warehouses Open Space N/A N/A Open space, agricultural uses Parks and Recreation N/A N/A Parks and golf courses Public and Quasi-Public N/A N/A Schools, civic centers, government buildings, and similar public/quasi- public uses Rural County N/A N/A Rural residential, open space, agriculture 5.A.a Packet Pg. 180 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 11 Public Review Draft | April 2018 Neighborhood District Low and High The Neighborhood District designation encourages compact, complete, neighborhood-style development that provides a variety of housing types, neighborhood commercial center, schools, parks, and open space. The goal is to create neighborhoods that are predominantly single family in character, but which integrate different types and prices of housing to meet the full range of housing needs. When possible, high-density housing and commercial uses can be combined to create vibrant mixed-use neighborhood centers. To achieve a cohesive neighborhood character, a specific plan is required prior to approval of new development within the Neighborhood District. The Neighborhood District designation is in the currently-adopted General Plan, and applies to the two large new growth areas within the UGB (Focus Areas 1 and 2). The question for this alternatives process is what mix of housing densities is most appropriate for the new growth areas designated Neighborhood District. The Alternatives Report includes two Neighborhood District designations: Neighborhood District Low and Neighborhood District High. Neighborhood District Low allows a greater percentage of low- density single family units (up to 82 percent). Neighborhood District High allows fewer low- density single-family units (up to 60 percent) and requires a greater variety of housing types. Districts 0-7 dwelling units/acre 7-9 dwelling units/acre 9-16 dwelling units/acre 16-30 dwelling units/acre Single-family Duplex Small-lot Single-family, Attached Single-family, Apartments Attached Single-family, Apartments Neighborhood District Low 82% max 5% min 10% min 3% min Neighborhood District High 60% max 5% min 25% min 10% min Note: Neighborhood District percentages are based on land area. TABLE 2: NEIGHBORHOOD DISTRICTS DENSITY BREAKDOWN 5.A.a Packet Pg. 181 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 12 City of Gilroy | General Plan Alternatives Report 12 This page is intentionally left blank. 5.A.a Packet Pg. 182 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 13 Public Review Draft | April 2018 FIGURE 5: FOCUS AREA MAP Most of Gilroy is not expected to change much between 2015 and 2040. The five focus areas shown below are places in and around Gilroy where development and change is anticipated. The land use alternatives process allows the community to express opinions about the type of development that should be planned for those areas. This section of the report presents different land use concepts for each of the five focus areas. For each of the focus areas, Concept 1 represents the 2015 Preferred Land Use Alternative, amended to reflect the UGB. Focus Area 1: Neighborhood District North Focus Area 2: Neighborhood District South Focus Area 4: Downtown Gilroy Focus Area 3: First Street Corridor Focus Area 5: Northeast Gilroy Section 4: Focus Area Concepts Urban Growth Boundary City Limits Focus Areas 5.A.a Packet Pg. 183 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 14 City of Gilroy | General Plan Alternatives Report Focus Area 1: Neighborhood District North Neighborhood District North is a 277-acre area located on the west side of the city, bound by Santa Teresa Boulevard to the west, Day Road to the north, Mantelli Drive to the south, and Monterey Road to the east. The 2015 Preferred Alternative for this area was Neighborhood District High, which prior to the UGB Initiative extended as far north as Fitzgerald Avenue. Almost all of the land in Focus Area 1 is outside city limits, but is within the UGB. The four concepts below show two different Neighborhood District Designations: Neighborhood District High, which allows a maximum 60 percent low-density single-family units (i.e., 7 units per acre or less) and requires a greater variety of housing types; or Neighborhood District Low, which allows a greater percentage (up to 82 percent) of low-density single-family units. Both designations require neighborhood commercial centers, parks, and schools. Concepts 3 and 4 are similar to Concepts 1 and 2, but introduce an area for an employment center. Concept 1 Neighborhood District High (2015 Preferred Alternative) The 2015 Preferred Alternative (amended by the UGB) designates the entire focus area Neighborhood District High (i.e., up to 60 percent low-density single- family). Neighborhood District High also requires a neighborhood commercial center, parks, and possibly one or more schools. Concept 2 Neighborhood District Low Concept 2 designates the entire area Neighborhood District Low (i.e., up to 82 percent low-density single- family). Similar to Concept 1, Concept 2 also requires a neighborhood commercial center, parks, and possibly one or more schools. 7,590 Residents 1,190 SF Units 1,260 MF Units 240 Jobs 5,660 Residents 1,390 SF Units 440 MF Units 240 Jobs SF= Single-Family MF= Multifamily City Limits Urban Growth Boundary City Limits Urban Growth Boundary 5.A.a Packet Pg. 184 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 15 Public Review Draft | April 2018 Concept 3 Neighborhood District High with Employment at Monterey Road Concept 3 designates the area Neighborhood District High (i.e., up to 60 percent low-density single-family), and introduces an Employment Center along Monterey Road. Concept 4 Neighborhood District Low with Employment at Monterey Road Concept 4 designates the area Neighborhood District Low (i.e., up to 82 percent low-density single-family), and introduces an Employment Center along Monterey Road. Districts 0-7 dwelling units/acre 7-9 dwelling units/acre 9-16 dwelling units/acre 16-30 dwelling units/acre Single-family Duplex Small-lot Single-family, Attached Single-family, Apartments Attached Single-family, Apartments Neighborhood District Low 82% max 5% min 10% min 3% min Neighborhood District High 60% max 5% min 25% min 10% min Note: Neighborhood District percentages are based on land area. 6,220 Residents 970 SF Units 1,030 MF Units 1,270 Jobs 4,640 Residents 1,140 SF Units 360 MF Units 1,270 Jobs City Limits Urban Growth Boundary City Limits Urban Growth Boundary 5.A.a Packet Pg. 185 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 16 City of Gilroy | General Plan Alternatives Report Focus Area 2: Neighborhood District South Neighborhood District South is a 193-acre area located in south Gilroy, bound by Luchessa Avenue to the north, Thomas Road to the west, Santa Teresa Boulevard to the south, and the Uvas Park Trail and Gilroy Sports Park to the east. A majority of Focus Area 2 is outside the city limits, but is within the UGB. The 2015 Preferred Alternative for this area was Neighborhood District Low (i.e., up to 82 percent low-density single-family), which is consistent with the adopted General Plan. Concept 2 designates the area Neighborhood District High, which would require a greater variety of housing types. 5.A.a Packet Pg. 186 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 17 Public Review Draft | April 2018 Concept 1 Neighborhood District Low (2015 Preferred Alternative) The 2015 Preferred Alternative designates the entire focus area Neighborhood District Low (i.e., up to 82 percent low-density single-family). Neighborhood District Low also requires a neighborhood commercial center, parks, and possibly one or more schools. Concept 2 Neighborhood District High Concept 2 designates the entire area Neighborhood District High (i.e., up to 60 percent low-density single- family). Similar to Concept 1, Concept 2 also requires a neighborhood commercial center, parks, and possibly one or more schools. SF= Single-Family MF= Multifamily 3,960 Residents 970 SF Units 310 MF Units 170 Jobs 5,300 Residents 830 SF Units 880 MF Units 170 Jobs City Limits Urban Growth Boundary City Limits Urban Growth Boundary 5.A.a Packet Pg. 187 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 18 City of Gilroy | General Plan Alternatives Report Focus Area 3: First Street Corridor First Street Corridor is one of the primary east-west routes through the city. This 76- acre Focus Area includes the properties fronting First Street between Santa Teresa Boulevard to the west and Monterey Road to the east. The 2015 Preferred Alternative for this area was Mixed-Use, which allows housing at 20-30 units per acre and non-residential development at an FAR of up to 2.5. Concept 2 designates the area Mixed-Use High, which allows flexibility for higher densities of 20-40 units per acre and a floor area ratio of up to 4.0. Concept 3 retains a portion of the General Services Commercial designation from the currently-adopted General Plan, and introduces Mixed-Use High to some areas along the corridor. All three concepts include a number of high-density residential sites, designated by the Housing Element. Given the limited amount of vacant land and the complexity of redeveloping the corridor, the housing unit and job estimates are based on an assumption that only 25 percent of the corridor redevelops by 2040. Concept 1 Mixed-Use Low (2015 Preferred Alternative) The 2015 Preferred Alternative designates most of this area Mixed-Use (i.e., 20-30 dwelling units per acre and FAR of up to 2.5). Mixed-Use encourages a mix of retail, office, high-density housing, plazas, and parks. Development should be concentrated at major intersections and be pedestrian-oriented. 1,250 Residents 0 SF Units 450 MF Units 580 Jobs SF= Single-Family MF= Multifamily 5.A.a Packet Pg. 188 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 19 Public Review Draft | April 2018 Concept 2 Mixed-Use High Concept 2 designates most of this area Mixed-Use High, which would increase the allowable densities to 20-40 dwelling units per acre and FAR of up to 4.0. 1,470 Residents 0 SF Units 530 MF Units 750 Jobs Concept 3 Commercial Focus Concept 3 retains the existing General Services Commercial at the intersection of Wren Avenue, which allows for a broad range of commercial uses (e.g., grocery stores, restaurants, banks, big box stores) and uses with “commercial and industrial” characteristics, such as small welding shops and automobile sales and services. This Concept designates the remainder of First Street Mixed-Use High (i.e., 20-40 dwelling units per acre and FAR of up to 4.0). 1,140 Residents 0 SF Units 430 Units 420 Jobs 5.A.a Packet Pg. 189 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 20 City of Gilroy | General Plan Alternatives Report Focus Area 4: Downtown Gilroy Significant change is anticipated for Downtown Gilroy. The City adopted the Downtown Gilroy Specific Plan in 2005, and is currently preparing a Station Area Plan, which will update the Downtown Specific Plan and integrate the future High Speed Rail (HSR) Station. The Station Area planning process is still underway, and the steering committee has selected a preferred land use alternative. This alternative has not been adopted by the City Council and changes to the preferred alternative may occur. This General Plan alternatives process examines two different concepts for Downtown Gilroy to provide a comparative analysis of the potential citywide impacts of different land use alternatives; however, the community is not being asked to select a preferred alternative for the Station Area through this General Plan process. The Station Area planning process is the appropriate avenue for establishing the land use plan for the Downtown and Station Area. Concept 1 assumes no changes to the existing Downtown Gilroy Specific Plan. Concept 2 reflects the current preferred alternative for the Downtown Gilroy Station Area Plan. 5.A.a Packet Pg. 190 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 21 Public Review Draft | April 2018 Concept 2 Station Area Plan Preferred Alternative Concept 2 reflects the Station Area Plan Preferred Alternative, which proposes new land use designations inside and outside the Downtown Specific Plan area, including up to six stories of mixed-use housing and office. See page 23 for information on the Downtown Gilroy Station Area Plan. 10,210 Jobs 120 SF Units 2,330 MF Units 6,800 Residents Concept 1 Existing General Plan and Downtown Specific Plan Concept 1 retains the land use designations from the existing General Plan and reflects the existing Downtown Gilroy Specific Plan. This concept assumes that a high-speed rail station will not be located Downtown. See page 22 for information on the Downtown Gilroy Specific Plan. 3,110 Jobs 170 SF Units 1,170 MF Units 3,720 Residents SF= Single-Family MF= Multifamily Downtown Gilroy Specific Plan Boundary Station Area Plan Land Uses Mixed-use housing (up to six stories) Mixed-use housing (up to six stories) Mixed-use office or housing (up to six stories) Civic/public facility Office (up to five stories) Visitor-serving commercial 5.A.a Packet Pg. 191 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 22 City of Gilroy | General Plan Alternatives Report Downtown Gilroy Specific Plan (2005) The Downtown Gilroy Specific Plan was adopted in 2005 to create a unique downtown for the city and increase tourism. The Specific Plan area is comprised of six land use districts, each with its own character, development standards, and allowed uses. 5.A.a Packet Pg. 192 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 23 Public Review Draft | April 2018 Station Area Plan (in process) The Downtown Gilroy Station Area Plan is both an update to the existing Downtown Sepcific Plan and a continuation of the High Speed Train (HST) visioning process from 2011 to 2012. The Station Area Plan will act as a tool to guide private development and public improvements in Downtown over the next 25 years, with a focus on the area near the future HST station and railroad tracks. The Station Area Plan process is still underway. In 2016, the project team evaluated three alternatives for Downtown Gilroy. The community provided input, and with guidance from the Citizens Advisory Committee, the project team created a Draft Preferred Alternative. The Draft Preferred Alternative was presented to the City Council in January 2017 where they reviewed and provided comments. A decision by the High-Speed Rail Authority on the preferred location of the Gilroy HSR Station has been delayed and the final commitment to proceed with the project is still several months away. Due to this uncertainty, the City Council decided to postpone a vote on a final preferred land use alternative until the High- Speed Rail Authority finalizes its plans for the Gilroy Station. The Draft Preferred Alternative for the Station Area includes the following land use designations: • Mixed-Use Housing: The mixed-use designation encourages mixed-use style development with ground floor retail and high-density multi-family housing on the upper floors. This designation is located along Monterey Road and Old Gilroy Street and allows development up to six stories. • Mixed-Use Office or Housing: The mixed- use housing and office designation provides flexibility for mixed-use development to incorporate office, housing, and retail uses. This designation is in the core of the Station Area adjacent to the future station site and allows development up to six stories. • Office: The office designation provides Class A office space for research and development and campus style projects. This designation is located adjacent to the auto mall and allows development up to five stories. • Visitor-Serving: This designation provides for visitor-serving uses, such as a hotel and conference center. SARAFIN A W A Y MONTEREY ST LEAVE S L E Y R D OLD GILROY ST W TENTH S T W LUCHESSA AV LEWIS S T CHURCH STMURRAY AVSWANSTON LNHANNA STFOREST ST W NINTH S T W SEVE N T H S T FIFTH S T FOURTH S T THIRD S T SECOND S T FIRST S T SIXTH S T IOOF A V ELEVEN T H S T MARTIN S T EIGLEBERRY STRAILROAD ST HOWSO N S T ALEXANDER ST South ValleyMiddle SchoolSt MarySchoolSt MarySchool CHESTNUT STALEXANDER ST potential HSR platform and station location historic station REGIONAL RETAIL +AUTO MALL HOTEL/ CONF. CTR. AUTO RELATED SERVICES VS potential HSR or public facility location (Requires agreement between city, chsra, and/or school district) 0 1,000 2,000 Feet Draft Preferred Alternative - Land Uses (11-21-2016) City limit Station Area Plan boundary UP railway HSR alignment (modified at-grade) Proposed Land Use Change HSR station and parking Mixed use housing (up to 6 stories) Mixed use office or housing (up to 6 stories) Office (up to 5 stories) Civic/public facility Visitor serving Large format retail Heavy commercial/light industrial Existing land use designation Station building footprints Expanded Arts Center Park Plaza Gateway to Downtown Gateway to Downtown Core HSR alignment (aerial)SWANSTON LN St MarySchoolSt MarySchool H OWSON S T FIRST ST LEAVE S L E Y R D Aerial Vertical Alignment 5.A.a Packet Pg. 193 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 24 City of Gilroy | General Plan Alternatives Report Focus Area 5: Northeast Gilroy Northeast Gilroy is a 349-acre area in the far northeast corner of the city, bound by Monterey Road to the west, Buena Vista Avenue to the north, Leavesley Road to the south, and the UGB to the east. A majority of Focus Area 5 is in the city limits, excluding the far northwest and northeast corners which are not in city limits, but are within the UGB. Most of this focus area is designated Industrial Park in the existing General Plan and includes St. Louise Regional Hospital and the Gilroy Premium Outlets. The 2015 Preferred Alternative continued to emphasize industrial development west of U.S. Highway 101 and north of the hospital, with General Services Commercial proposed around the future Buena Vista interchange and remainder of the outlet center. The existing rural residential development and fragmented ownership make this area less likely to develop in the short term. Concept 1 Industrial Park Emphasis (2015 Preferred Alternative) Concept 1 designates much of the focus area as Industrial Park, with an area of Public and Quasi-Public Facility for St. Louise Hospital and an area of General Services Commercial for regional shopping, including the Gilroy Premium Outlets. 0 Residents 0 SF Units 0 MF Units 2,960 Jobs SF= Single-Family MF= Multifamily 5.A.a Packet Pg. 194 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 25 Public Review Draft | April 2018 Concept 2 Neighborhood District High North of Las Animas Avenue Concept 2 designates the land north of Las Animas Avenue and west of Highway 101 as Neighborhood District High, consistent with the Neighborhood District designation on the west side of Monterey Road. 6,120 Residents 960 SF Units 1,020 MF Units 1,780 Jobs Concept 3 Employment Center North of Las Animas Avenue Concept 3 designates a significant portion of land previously designated Industrial Park as Employment Center. The Employment Center designation allows for employment development at a higher intensity than Industrial Park. 0 Residents 0 SF Units 0 MF Units 7,090 Jobs 5.A.a Packet Pg. 195 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 26 This page is intentionally left blank. 5.A.a Packet Pg. 196 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 27 Public Review Draft | April 2018Section 5: Citywide Land Use Alternatives This section organizes the Focus Area concepts within the greater context of the city to create three citywide land use alternatives. Each citywide alternative reflects a variety of outcomes from increased commercial development, and more diverse housing stock, to additional employment capacity, and a greater emphasis of mixed use along corridors and around transit. Since the Focus Areas are the only areas of change, other areas in Gilroy are assumed to retain their existing General Plan land use designations. There is, however, some assumed population and job growth attributed to areas outside of the Focus Areas through development of vacant sites and redevelopment of some underutilized sites. Each Citywide alternative includes a map showing the Focus Area concepts that comprise the Citywide alternative and depict proposed land use designations, and a summary of the population, housing, and jobs that each alternative would support (i.e., the holding capacity). It should be noted that not all Focus Area concepts are reflected in a citywide alternative. These options are equally important to consider, however, as they provide additional points of comparison. As community members review the alternatives, they are encouraged to provide feedback on each Focus Area as well as the citywide alternatives. 5.A.a Packet Pg. 197 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 28 City of Gilroy | General Plan Alternatives Report Citywide Alternative A Alternative A is consistent with the 2015 Preferred Land Use Alternative selected at the end of the original alternatives phase in 2015, but has been modified to reflect the UGB Initiative. Alternative A contains a balance of single-family and multi-family housing, largely due to the alternative including both Neighborhood District Low in the south and High in the north. Alternative A reflects the currently-adopted Downtown Specific Plan. First Street includes a lower-density mixed-use designation, which has the potential for multi-story housing, office, and retail development. A 22,240 Residents 3,950 SF Units 3,340 MF Units 16,290 Jobs SF= Single-Family MF= Multifamily Focus Area 1: Concept 1 Focus Area 2: Concept 1 Focus Area 3: Concept 1 Focus Area 4: Concept 1 Focus Area 5: Concept 1 Focus Area Selection Hillside Residential Low Density Residential Medium Density Residential High Density Residential Neighborhood District High Neighborhood District Low General Services Commercial City Gateway District Visitor Serving Commercial Mixed-Use Low Mixed-Use High General Industrial Employment Center Industrial Park Open Space Parks and Recreation Public and Quasi -Public Rural County Downtown Historic District Downtown Expansion District Civic/Cultural Arts District Transitional District Cannery District Gateway District Station Area Mixed-Use Housing Station Area Mixed-Use Housing and Office Station Area Office Hillside Residential Low Density Residential Medium Density Residential High Density Residential Neighborhood District High Neighborhood District Low General Services Commercial City Gateway District Visitor Serving Commercial Mixed-Use Low Mixed-Use High General Industrial Employment Center Industrial Park Open Space Parks and Recreation Public and Quasi -Public Rural County Downtown Historic District Downtown Expansion District Civic/Cultural Arts District Transitional District Cannery District Gateway District Station Area Mixed-Use Housing Station Area Mixed-Use Housing and Office Station Area Office Hillside Residential Low Density Residential Medium Density Residential High Density Residential Neighborhood District High Neighborhood District Low General Services Commercial City Gateway District Visitor Serving Commercial Mixed-Use Low Mixed-Use High General Industrial Employment Center Industrial Park Open Space Parks and Recreation Public and Quasi -Public Rural County Downtown Historic District Downtown Expansion District Civic/Cultural Arts District Transitional District Cannery District Gateway District Station Area Mixed-Use Housing Station Area Mixed-Use Housing and Office Station Area Office Low-Density Residential Medium-Density Residential High-Density Residential Neighborhood District High General Services Commercial City Gateway District Mixed-Use Low Employment Center Industrial Park Public and Quasi-Public Downtown Specific Plan Neighborhood District Low City Limits Urban Growth Boundary Hillside Residential Low Density Residential Medium Density Residential High Density Residential Neighborhood District High Neighborhood District Low General Services Commercial City Gateway District Visitor Serving Commercial Mixed-Use Low Mixed-Use High General Industrial Employment Center Industrial Park Open Space Parks and Recreation Public and Quasi -Public Rural County Downtown Historic District Downtown Expansion District Civic/Cultural Arts District Transitional District Cannery District Gateway District Station Area Mixed-Use Housing Station Area Mixed-Use Housing and Office Station Area Office Hillside Residential Low Density Residential Medium Density Residential High Density Residential Neighborhood District High Neighborhood District Low General Services Commercial City Gateway District Visitor Serving Commercial Mixed-Use Low Mixed-Use High General Industrial Employment Center Industrial Park Open Space Parks and Recreation Public and Quasi -Public Rural County Downtown Historic District Downtown Expansion District Civic/Cultural Arts District Transitional District Cannery District Gateway District Station Area Mixed-Use Housing Station Area Mixed-Use Housing and Office Station Area Office Visitor-Serving Commercial Focus Area Land Use Designations 5.A.a Packet Pg. 198 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 29 Public Review Draft | April 2018 Citywide Alternative B Alternative B includes all of the focus area concepts that maximize Gilroy’s housing and employment holding capacity, including the Downtown Gilroy Station Area Preferred Alternative. In comparison to the two other alternatives, this scenario includes a higher ratio of multi-family dwellings that are spread throughout the community. This is largely due to the use of the Neighborhood District High designation in both the northern and southern areas of the city, mixed-use high along the First Street corridor, and mixed-use multi-family housing centered around the future high-speed rail station downtown. B 33,020 Residents 4,720 SF Units 6,170 MF Units 22,360 Jobs SF= Single-Family MF= Multifamily Focus Area 1: Concept 1 Focus Area 2: Concept 2 Focus Area 3: Concept 2 Focus Area 4: Concept 3 Focus Area 5: Concept 2 Focus Area Selection Hillside Residential Low Density Residential Medium Density Residential High Density Residential Neighborhood District High Neighborhood District Low General Services Commercial City Gateway District Visitor Serving Commercial Mixed-Use Low Mixed-Use High General Industrial Employment Center Industrial Park Open Space Parks and Recreation Public and Quasi -Public Rural County Downtown Historic District Downtown Expansion District Civic/Cultural Arts District Transitional District Cannery District Gateway District Station Area Mixed-Use Housing Station Area Mixed-Use Housing and Office Station Area Office Hillside Residential Low Density Residential Medium Density Residential High Density Residential Neighborhood District High Neighborhood District Low General Services Commercial City Gateway District Visitor Serving Commercial Mixed-Use Low Mixed-Use High General Industrial Employment Center Industrial Park Open Space Parks and Recreation Public and Quasi -Public Rural County Downtown Historic District Downtown Expansion District Civic/Cultural Arts District Transitional District Cannery District Gateway District Station Area Mixed-Use Housing Station Area Mixed-Use Housing and Office Station Area Office Hillside Residential Low Density Residential Medium Density Residential High Density Residential Neighborhood District High Neighborhood District Low General Services Commercial City Gateway District Visitor Serving Commercial Mixed-Use Low Mixed-Use High General Industrial Employment Center Industrial Park Open Space Parks and Recreation Public and Quasi -Public Rural County Downtown Historic District Downtown Expansion District Civic/Cultural Arts District Transitional District Cannery District Gateway District Station Area Mixed-Use Housing Station Area Mixed-Use Housing and Office Station Area Office Hillside Residential Low Density Residential Medium Density Residential High Density Residential Neighborhood District High Neighborhood District Low General Services Commercial City Gateway District Visitor Serving Commercial Mixed-Use Low Mixed-Use High General Industrial Employment Center Industrial Park Open Space Parks and Recreation Public and Quasi -Public Rural County Downtown Historic District Downtown Expansion District Civic/Cultural Arts District Transitional District Cannery District Gateway District Station Area Mixed-Use Housing Station Area Mixed-Use Housing and Office Station Area Office Medium-Density Residential High-Density Residential Neighborhood District High General Services Commercial City Gateway District Mixed-Use High Industrial Park Public and Quasi-Public Downtown Specific Plan City Limits Urban Growth Boundary Hillside Residential Low Density Residential Medium Density Residential High Density Residential Neighborhood District High Neighborhood District Low General Services Commercial City Gateway District Visitor Serving Commercial Mixed-Use Low Mixed-Use High General Industrial Employment Center Industrial Park Open Space Parks and Recreation Public and Quasi -Public Rural County Downtown Historic District Downtown Expansion District Civic/Cultural Arts District Transitional District Cannery District Gateway District Station Area Mixed-Use Housing Station Area Mixed-Use Housing and Office Station Area Office Hillside Residential Low Density Residential Medium Density Residential High Density Residential Neighborhood District High Neighborhood District Low General Services Commercial City Gateway District Visitor Serving Commercial Mixed-Use Low Mixed-Use High General Industrial Employment Center Industrial Park Open Space Parks and Recreation Public and Quasi -Public Rural County Downtown Historic District Downtown Expansion District Civic/Cultural Arts District Transitional District Cannery District Gateway District Station Area Mixed-Use Housing Station Area Mixed-Use Housing and Office Station Area Office Hillside Residential Low Density Residential Medium Density Residential High Density Residential Neighborhood District High Neighborhood District Low General Services Commercial City Gateway District Visitor Serving Commercial Mixed-Use Low Mixed-Use High General Industrial Employment Center Industrial Park Open Space Parks and Recreation Public and Quasi -Public Rural County Downtown Historic District Downtown Expansion District Civic/Cultural Arts District Transitional District Cannery District Gateway District Station Area Mixed-Use Housing Station Area Mixed-Use Housing and Office Station Area Office Visitor-Serving Commercial Hillside Residential Low Density Residential Medium Density Residential High Density Residential Neighborhood District High Neighborhood District Low General Services Commercial City Gateway District Visitor Serving Commercial Mixed-Use Low Mixed-Use High General Industrial Employment Center Industrial Park Open Space Parks and Recreation Public and Quasi -Public Rural County Downtown Historic District Downtown Expansion District Civic/Cultural Arts District Transitional District Cannery District Gateway District Station Area Mixed-Use Housing Station Area Mixed-Use Housing and Office Station Area Office Hillside Residential Low Density Residential Medium Density Residential High Density Residential Neighborhood District High Neighborhood District Low General Services Commercial City Gateway District Visitor Serving Commercial Mixed-Use Low Mixed-Use High General Industrial Employment Center Industrial Park Open Space Parks and Recreation Public and Quasi -Public Rural County Downtown Historic District Downtown Expansion District Civic/Cultural Arts District Transitional District Cannery District Gateway District Station Area Mixed-Use Housing Station Area Mixed-Use Housing and Office Station Area Office Mixed-Housing Mixed-Use Office/Housing Office Station Area Plan Focus Area Land Use Designations 5.A.a Packet Pg. 199 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) 30 City of Gilroy | General Plan Alternatives Report Citywide Alternative C Alternative C retains the single-family character of Gilroy, while maintaining a dense downtown core focused on infill and mixed-use development. Other large corridors such as First Street include a lower-density mixed-use designation, which has the potential for multi-story housing, office, and retail development. The sharp increase in employment in Alternative C is linked to the reduction of Neighborhood District and Industrial Park in the north to accommodate the Employment Center designation, which is meant to yield higher-intensity job types. C 19,290 Residents 3,900 SF Units 2,440 MF Units 21,440 Jobs SF= Single-Family MF= Multifamily Focus Area 1: Concept 4 Focus Area 2: Concept 1 Focus Area 3: Concept 1 Focus Area 4: Concept 1 Focus Area 5: Concept 3 Hillside Residential Low Density Residential Medium Density Residential High Density Residential Neighborhood District High Neighborhood District Low General Services Commercial City Gateway District Visitor Serving Commercial Mixed-Use Low Mixed-Use High General Industrial Employment Center Industrial Park Open Space Parks and Recreation Public and Quasi -Public Rural County Downtown Historic District Downtown Expansion District Civic/Cultural Arts District Transitional District Cannery District Gateway District Station Area Mixed-Use Housing Station Area Mixed-Use Housing and Office Station Area Office Hillside Residential Low Density Residential Medium Density Residential High Density Residential Neighborhood District High Neighborhood District Low General Services Commercial City Gateway District Visitor Serving Commercial Mixed-Use Low Mixed-Use High General Industrial Employment Center Industrial Park Open Space Parks and Recreation Public and Quasi -Public Rural County Downtown Historic District Downtown Expansion District Civic/Cultural Arts District Transitional District Cannery District Gateway District Station Area Mixed-Use Housing Station Area Mixed-Use Housing and Office Station Area Office Hillside Residential Low Density Residential Medium Density Residential High Density Residential Neighborhood District High Neighborhood District Low General Services Commercial City Gateway District Visitor Serving Commercial Mixed-Use Low Mixed-Use High General Industrial Employment Center Industrial Park Open Space Parks and Recreation Public and Quasi -Public Rural County Downtown Historic District Downtown Expansion District Civic/Cultural Arts District Transitional District Cannery District Gateway District Station Area Mixed-Use Housing Station Area Mixed-Use Housing and Office Station Area Office Hillside Residential Low Density Residential Medium Density Residential High Density Residential Neighborhood District High Neighborhood District Low General Services Commercial City Gateway District Visitor Serving Commercial Mixed-Use Low Mixed-Use High General Industrial Employment Center Industrial Park Open Space Parks and Recreation Public and Quasi -Public Rural County Downtown Historic District Downtown Expansion District Civic/Cultural Arts District Transitional District Cannery District Gateway District Station Area Mixed-Use Housing Station Area Mixed-Use Housing and Office Station Area Office Focus Area Selection Low-Density Residential Medium-Density Residential High-Density Residential Neighborhood District Low General Services Commercial City Gateway District Employment Center Industrial Park Public and Quasi-Public Mixed-Use Low Downtown Specific Plan City Limits Urban Growth Boundary Hillside Residential Low Density Residential Medium Density Residential High Density Residential Neighborhood District High Neighborhood District Low General Services Commercial City Gateway District Visitor Serving Commercial Mixed-Use Low Mixed-Use High General Industrial Employment Center Industrial Park Open Space Parks and Recreation Public and Quasi -Public Rural County Downtown Historic District Downtown Expansion District Civic/Cultural Arts District Transitional District Cannery District Gateway District Station Area Mixed-Use Housing Station Area Mixed-Use Housing and Office Station Area Office Hillside Residential Low Density Residential Medium Density Residential High Density Residential Neighborhood District High Neighborhood District Low General Services Commercial City Gateway District Visitor Serving Commercial Mixed-Use Low Mixed-Use High General Industrial Employment Center Industrial Park Open Space Parks and Recreation Public and Quasi -Public Rural County Downtown Historic District Downtown Expansion District Civic/Cultural Arts District Transitional District Cannery District Gateway District Station Area Mixed-Use Housing Station Area Mixed-Use Housing and Office Station Area Office Visitor-Serving Commercial Focus Area Land Use Designations 5.A.a Packet Pg. 200 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) APPENDIX D: Financial Mechanisms Detail Table D-1 Local, State, Federal Government, and Private-Sector Funding Finance Options Detail (3 pages) ......................... D-1 Table D-2 Local Government and Private-Sector Funding Finance Options Detail—Operations and Maintenance .................... D-4 5.A.a Packet Pg. 201 Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTPage 1 of 3Table D-1City of GilroyPlace-Based Economic Development StrategyLocal, State, Federal Government, and Private-Sector Funding Finance Options DetailMechanism Description Implementation Other ConsiderationsEnhanced Infrastructure Financing District (EIFD) Local agencies can establish an Enhanced Infrastructure Financing District (IFD) for a given project or geographic area of the jurisdiction. The EIFD captures incremental increases in property tax revenue from future development otherwise accruing to the county’s General Fund that can be used for to finance public capital facilities or other specified projects of communitywide significance, including, but not limited to, brownfield restoration and other environmental mitigation; the development of projects on a former military base; the repayment of the transfer of funds to a military base reuse authority; the acquisition, construction, or rehabilitation of housing for persons of low and moderate income for rent or purchase; the acquisition, construction, or repair of industrial structures for private use; transit priority projects; and projects to implement a sustainable communities strategy.Requires approval by every local taxing entity that will contribute its property tax increment and also requires 55 percent voter approval to issue bonds (landowner vote if less than 12 registered voters in jurisdiction). Under current statute, debt issuance is limited to short term debt, and constrained by the timing of property tax increment growth. Local jurisdictions considering dual implementation of Mello-Roos CFD (below) to accelerate and expand debt issuance capability.Additionally, a city or county that created a Redevelopment Agency (RDA) is prohibited from creating an EIFD unless:I. The Successor Agency of the former RDA (SARA) has received a finding of completion.II. The city or county certifies to the Department of Finance that no RDA assets subject to litigation have been or will be used to benefit an EIFD.III. The State Controller has completed a review of RDA asset transfers and the SARA and the city or county have complied with any review requirements.Initial debt capacity may not match need for required upfront capital costs.EIFD boundaries should carefully consider and balance objectives of maximizing capture of value increases and limited timeframe for allowable debt issuance (30 years from EIFD formation).EIFD could be combined with other financing mechanisms (e.g., CFD) to generate up front funding sources.Community Revitalization and InvestmentAuthorities (CRIA)Allows a city, county, or a special district - or any combination of these via entering a joint powers agreement - to establish a CRIA to revitalize disadvantaged communities through planning and financing infrastructure improvements and upgrades; economic development activities; and affordable housing via tax increment financing based, in part, on the former community redevelopment law.The entities forming a CRIA must produce and adopt a CRIA Plan (Plan) that guides its revitalization programs and authorizes receipt and expenditure property tax increment revenues. The Plan must include:- Statement of principal goals and objectives- Description of the deteriorated or inadequate infrastructure and program for repair and upgrade- Housing program- A program to remedy or remove the release of hazardous substances- A program to provide funding for or otherwise facilitate the economic revitalization of the area- A fiscal analysis setting forth projected receipt of revenues and expenses over five-year planning horizon- Time limits to establishing loans, advances and indebtedness and fulfilling all the authority's housing obligations.The Plan must be adopted over a series of three public hearings. Proceedings to adopt the Plan must terminate if there is a majority protest (50 percent or higher) from the combined number of property owners and residents in the area. An election on whether to adopt the Plan must be called if between 25 to 50 percent of the combined number of property owners and residents file a protest.25 percent of property tax increment revenues must be used to increase, improve, and preserve the community's supply of low and moderate income families.Additionally, A CRIA can be created in the following two locations:1. Areas where not less than 80 percent of the land contains census tracts or census block groups meet both of these conditions: (i) an annual median household income that is less than 80% of the statewide annual median income; and (ii) three of four following conditions:a. non-seasonal unemployment at least 3 percent higher than statewide average.b. crime rates at least 5 percent higher than statewide median.c. deteriorated or inadequate infrastructure, andd. deteriorated commercial or residential structures.2. A former military base that is principally characterized by deteriorated or inadequate infrastructure or structures.Capital FundingPrepared by EPS and Nossaman LLP 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2D-15.A.aPacket Pg. 202Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTPage 2 of 3Table D-1City of GilroyPlace-Based Economic Development StrategyLocal, State, Federal Government, and Private-Sector Funding Finance Options DetailMechanism Description Implementation Other ConsiderationsCapital FundingStatewide Community Infrastructure Program (SCIP) Provides a pooled tax-exempt bond-financing program for development-impact fees and costs of public infrastructure such as roads, water, sewer, storm drainage, and parks for commercial, industrial, retail, and multi- and single-family residential developments. SCIP is administered by the California Statewide Communities Development Authority (CSCDA) - a joint powers authority sponsored by the League of California Cities and the California State Association of Counties. Under the SCIP, CSCDA issues bonds secured by property assessments.If a property owner chooses to participate in the SCIP, the selected public infrastructure and development-impact fees owed to the municipality will be financed by CSCDA's issuance of tax-exempt bonds. To pay debt service on the bonds, CSCDA will impose a 30-year special assessment on the participating owner's property. The assessments will be added to the county property-tax bill, and the annual assessment installments are calculated to be sufficient to pay annual debt service along with the administrative costs of SCIP and the municipality's costs of collecting assessments on the tax roll.The SCIP is available for development projects situated within cities or counties (Municipality) which have elected to become SCIP participants. A Municipality must be a member of the CSCDA and must adopt a resolution authorizing the Municipality to join the SCIP and for the CSCDA to accept applications from property owners within the Municipality to apply for tax-exempt financing through SCIP for public improvements and development impact fees.Once a Municipality has established said resolutions, property owners of property being developed within the Municipality may participate in the SCIP to allow the CSCDA to conduct assessment proceedings under the Municipal Improvement Act of 1913 and issue Local Obligations under the Improvement Bond Act of 1915 to finance fees levied on those properties and improvements, provided that the participating property owners voluntarily elect to participate and consent to the levy of the assessments.Mello-Roos Community Facilities District (CFD) Allows local agencies to create assessment districts and raise funds through special property taxes. Provides financing for public capital investment and operating improvements within the district through tax-exempt bonds sponsored by a public agency.Requires a 2/3rds approval in a resident (or land owner) vote to allow CFD special taxes to be collected.EIFD property tax increment may also be used as repayment source for debt service on municipal bonds.Initial debt capacity may not match need for required upfront capital costs.Voter Approved Tax Measures Voters can approve parcel or sales tax increases for a specific purpose or general revenue purposes. Annual revenue stream may be used as repayment source for issuance of municipal bonds (Special Tax or Tax Allocation Bonds). Requires 2/3rds voter approval for special tax and majority approval for general tax.Development Impact FeesOne-time fees charged to new development to cover "fair share" infrastructure cost needed to accommodate growth. Often a source of local "matching" funds.Approved by the governing body vote (does not require property owner approval).Other Fees & Exactions (including "in-lieu" fees) There are a number of other mechanisms such as project-specific fees and exactions that could be used as funding mechanisms.These can be negotiated on a case-by-case basis (e.g., Development Agreement) or approved generally for areas within the local jurisdiction, subject to a number of requirements.Prepared by EPS and Nossaman LLP 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2D-25.A.aPacket Pg. 203Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTPage 3 of 3Table D-1City of GilroyPlace-Based Economic Development StrategyLocal, State, Federal Government, and Private-Sector Funding Finance Options DetailMechanism Description Implementation Other ConsiderationsCapital FundingPrivate Capital/Developer EquityDevelopers may fund portion of infrastructure and facilities with private capital and/or commercial lending. A portion of such investment may be subject to reimbursement.Developers raise and organize private financing. Development Agreement(s) will specify terms of credits or reimbursement for such investments.Municipal Lease Financing An agreement to lease a public facility, with shares in the flow of lease revenue sold as a means of generating upfront revenue for the facility.Lease payments would come from the local agency annual budget and must be approved by the local agency (does not require voter approval).Requires identification of public asset to be pledged. Federal Grant Funding Program: Economic Development AdministrationSpecifically, under the Economic Development Assistance programs (EDAP) Federal Funding Opportunity (FFO) announcement, EDA will make construction, non-construction, and revolving loan fund investments under the Public Works and Economic Adjustment Assistance (EAA) Programs. Grants made under these programs will leverage regional assets to support the implementation of regional economic development strategies designed to create jobs, leverage private capital, encourage economic development, and strengthen America's ability to compete in the global marketplace. Through the EDAP FFO, EDA solicits applications from rural and urban communities to develop initiatives that advance new ideas and creative approaches to address rapidly evolving economic conditions.Local governments are eligible applicants. The maximum award is $3 million and the minimum award is $100,000. It is important to work with the Regional EDA Representative on the development of the application.capitalPrepared by EPS and Nossaman LLP 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2D-35.A.aPacket Pg. 204Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study) DRAFTTable D-2City of GilroyPlace-Based Economic Development StrategyLocal Government and Private-Sector Funding Finance Options Detail - Operations and MaintenanceMechanismDescriptionImplementationMello-Roos Community Facilities District (CFD) Allows local agencies to create assessment districts and raise funds through special property taxes. Provides financing for public capital investment and operating improvements within the district through tax-exempt bonds sponsored by a public agency.Requires a 2/3rds approval in a resident (or land owner) vote to allow CFD special taxes to be collected.Benefit Assessment District Benefit Assessment Districts allow cities, counties, or special districts to finance the costs of needed services by assessing area property owners. The governing body must generate a detailed professional engineer's report outlining the proposed assessment area, proposed project costs, annual cost to each property, and the benefit fomula used to determine each property's share of the cost.Requires a greater than 50 percent ballot approval that is weighted based on the financial obligation of each property owner.Benefit assessments cannot be based on property value. Eachassessment district includes a benefit formula and each parcel in the service area is assessed according to the specific benefit it receives from the services and improvements.General Fund Contributions/Dedications A dedication of General Fund property or sales tax revenue, low interest loans, one-time contributions, and other discretionary financial contributions.General Fund contributions are part of local agency annual budget appropriations process and must be approved by the governing body (does not require voter approval).Other Fees & Exactions (including "in-lieu" fees) There are a number of other mechanisms, such as project-specific fees and exactions, that could be used as funding mechanisms.These can be negotiated on a case-by-case basis (e.g., Development Agreement) or approved generally for areas within the local jurisdiction, subject to a number of requirements.Voter Approved Tax Measures Voters can approve parcel or sales tax increases for a specific purpose or general revenue purposes.Requires 2/3rds voter approval for special tax and majority approval for general tax.o&m detailSource: EPS.Operations & MaintenancePrepared by EPS and Nossaman LLP 12/4/2018P:\182000\182020 Gilroy Place-Based Economic Development Strategy\Models\182020 m2D-45.A.aPacket Pg. 205Attachment: Gilroy Placed-Based Economic Development Strategy (1896 : Corridor Study)