Stratus Development Partners, LLC.
17 Corporate Plaza Drive, Suite 200
Newport Beach, California 92660
May 03, 2022Rev
Mr. Troy Fujimoto
City Planner
City of Pleasant Hill
100 Gregory Lane
Pleasant Hill, CA 94523
Re: Undergrounding Off-Site Oak Park Boulevard Proposed In-Lieu-Fee. Public Benefits from Applicant number PLN 18-0198 for the Upper Select Service Hotel (the “Project”) located at 3131 and 3195 North Main Street and 1531 Oak Park Boulevard.
Dear Troy:
As a follow up regarding the Project’s necessity and request to remove the Off-Site Oak Park Blvd overpass undergrounding in order to move forward, please find:
1. A summary of the direct public benefits the Project will provide;
2. The Project’s benefits to the City of Pleasant Hill;
3. Proposed In Lieu Fee for the Off-Site Oak Park Blvd overpass undergrounding; and Per our discussion of the Conditions of Approval, the public benefits the Project would provide include:
Art Install Fee: $25,000.00
Affordable Housing Fee: $25,000.00
Bridge at the Library : $25,000.00
Proposed In Lieu Fee: $425,000.00
The Project’s numerous benefits to the City of Pleasant Hill include:
1. Significant favorable tax impact during the 18-months of construction activity generated by the Project’s construction sales taxes on materials and labor;
2. Project permitting and impact fees will generate over $2,200,000.00 to the City of Pleasant Hill, Mount Diablo Unified School District and Contra Costa County;
3. Project construction will generate approximately 275 individual local area jobs and tax revenue;
4. Project operations after opening will generate approximately 60 full time local individual jobs with a 1:10 multiplier for supporting industries;
5. Project operations will generate an estimated $850,000.00 of annual Transient Occupancy Tax for the City of Pleasant Hill; growing to over $1,000,000.00 by the third year of Project operations;
6. Project will provide incremental property tax revenues for the City of Pleasant Hill; and
7. The Project will provide significant additional tax revenues remitted on visitor spending. 91Riiit!
OEVELOPMENT I PARTNERS
Stratus Development Partners, LLC.
17 Corporate Plaza Drive, Suite 200
Newport Beach, California 92660
We appreciate your time and look forward to working together to then resume our building permit submittals and premobilization work and Project groundbreaking.
Thanks again,
Andrew Wood
Manager
Stratus Development Partners, LLC
cc. David Wood, Annette Higby
Siliiit!
OEVELOPM ENT I PA RTN ERS
C: 2
PHONE (925) 671-5209
FAX (925) 682-9327
CITY OF PLEASANT HILL
www.pleasanthilJ.ca.gov
l 00 Gregory Lane
Pleasant Hilii CA 94523
DEVELOPMENT PLAN ANALYSIS
Application Submittal
The following is an analysis of the required findings which must be made in order to grant a Development Plan Permit application. Please respond as fully as possible; insufficient information will likely result in processing delays of your application. If you need additional space to respond, please feel free to attach supplemental information.
I. The proposed development will not be detrimental to the health, safety and general welfare of persons residing or working in the vicinity of the proposed development.
Analysis:
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2. The proposed development will not be injurious or detrimental to adjacent properties or to property in the neighborhood or in the city.
Analysis:
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3. The proposed development is consistent with the policies and goals established by the general plan.
Analysis:
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4. The proposed development is architecturally compatible with other developments in the vicinity, both inside and outside the district.
Analysis:
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