Page 8 - Dangelo King News Today : Breaking News, Live Updates & Top Stories | Vimarsana

i am talking about how we are spending impact the money, which is the map on your left. the map on your right shows other agency projects that are ongoing and really important. we have some traffic calming project south of market. that represents the full picture of the impact fee money. this shows you how much impact fee money of the total project cost is expected to go in there. you can see some of the intersection projects that we are talking about and upper market. there projected to be have funded by impact fees and have funded by some other public resources. -- half-funded by...

on to some of the projects, we will start with the roncon hil l. this will be accomplished through an unkind agreement. public sponsors undergo a contract with the city to provide infrastructure in lieu of paying impact fees. this space was identified due out the community planning process. -- throughout the community planning process. they have been coordinating with developers to work out the details of the agreement. >> can you explain that process again? they do not pay the impact be? they worked out an agreement with the infrastructure in this particular area? >> i do not know t...

income housing. if the overhead works, under the program, these would be between $2 per square foot and $10.50 per square foot. under the eastern neighborhoods plan, a project would pay $11.40 per square foot. if they had paid the fees that were applicable before eastern neighborhoods can into law, they would have had to pay more. they would have had to pay $20 per square foot. these fees can be paid in five annual installments. i will give you a little summary of what we have seen to date. the department has received 31 applications for legitimization. the majority of those are for ...

the city is obliged to spend at least 80% of all of the impact fees on these projects. folsom street is one of those projects. it is recently designed and vetted. it is projected to cost over $53 million from a fit street to 11th street. -- 5th street to 11th street. the implementation of this product will be followed. >> this is on folsom street from fifth straigeet to 11th street. >> that is correct. they're trying to figure out how to use the impact fee money appropriately. finally, a new park in the mission neighborhood. this park is 17th and folsom. it is one of the great storie...

it would be delighted for you to say a few words. [applause] >> thank you. it is an extreme pleasure to be here today. at the beginning, how many times have you heard a ceo of a grocery store chain personally open up a store in a neighborhood? we all remember those days where you might have been able to see the actual owner of a neighborhood store be there, personally. these days, you might see a corporate representative. when mayor newsom and the office of economic development went to everyone of those corporations to ask them if they would please consider opening up a store on thir...