The Independent
From the article:
The Dublin City Council unanimously approved deal points as part of the approval process for the creation of Dublin Crossing.
The council met June 18. The development located on 185 acres on part of Camp Parks is expected to include at least 1600 units. That number could be revised upward to more than 1995 units, if the developer decides to do so.
The development is part of a deal in which SunCal will be building facilities for the Army at Camp Parks. The facilities would be financed using funds realized in developing Dublin Crossing. Construction already has begun on a new front gateway to Camp Parks at Dublin Boulevard.
The council has welcomed Dublin Crossing because it links East Dublin to the remainder of the city. Staff has been negotiating with SunCal about concessions to the developer in exchange for things the city wants.
The council's action was not an approval of a final site plan, although the map presented as an illustration of the deal points probably will strongly resemble the final plan, said Dublin principal planner Kristi Bascom.
Both sides have agreed on an expansion of a school site from 11 to 12 acres, the addition of several acres to the community park so that it totals 30 acres, an $18.7 million community benefit payment, and a $2.8 million contribution toward Dublin's acquisition of county surplus property. There also would be an interest-free loan, if needed, to help acquire the county land.
Also, there will be a contribution of $1 million toward the cost of a bridge over the Iron Horse Trail.
Concessions by the city to the developer include the developer's use of a Community Facilities District. Future residents would be paying for the cost of infrastructure, instead of the developer having to pay for streets and utilities upfront.
The taxes would amount to $2200 to $3700 per household, depending on the assessed valuation of the home.
With other concessions to SunCal, the city is granting the developer $33 million in exemptions, but receiving $40 million in contributions from the developer, said Mayor Tim Sbranti, who called it a "fair trade-off."