SFGTV November 17, 2013
The up zoning of certain parcels on the planning area and up zoning allows for the developers to build the taller buildings and they are worth more money and so that is a significant benefit to the developers and in exchange, the developers are required to pay Certain Property taxes and impact fees. And so, the city is working to put in place, formation legislation, that will set the rate and method of aportion for the special property taxes and they are taking the lead on that and the plan is to introduce that legislation some time in the next few months, and in addition to the reasons that m...