City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2022-02543 2/7/2023 Consent Item 9.
Establishment of a Multi-Year Operating Project for the 905 S Street (I21006600) File ID: 2022-02543
Location: 905 S Street, District 4
Recommendation: Adopt a Resolution authorizing the City Manager or City Manager’s designee to:
1) establish a multi-year operating project (MYOP) for the 905 S Street (I21006600); and 2) establish revenue and expenditure budgets in the MYOP in the Development Services Fund (Fund 2016) based on the actual amount of fees received.
Contact: Garry Lao, Development Project Manager, (916) 808-5446, [email protected]; Bob Latz, Chief Building Official, (916) 808-5475, [email protected], Community Development Department
Presenter: None
Attachments:
1-Description/Analysis
2-Resolution
Additional Description/Analysis
Issue Detail: The use of Multi-Year Operating Projects (MYOPs) provides better accountability and monitors actual Community Development Department costs incurred for the development of the project. Staff is requesting authority to establish a MYOP for the 905 S Street (I21006600) project as this project will cross multiple fiscal years.
This project will be a 7 story mixed-use building consisting of ground floor retail, parking, utilities, and 227 apartment units on levels 1-7 located at 905 S Street. The total building square footage is 279,779 square feet, and the project valuation is $65,000,000.
Policy Considerations: The recommended action requires City Council approval pursuant to City Council Resolution 2022-0198, Section 13.2; City Council approval is required for the establishment of a MYOP.
File ID: 2022-02543 2/7/2023 Consent Item 9.
As part of Resolution 2015-0123, a policy for the Development Services Fund (Fund 2016) was adopted to ensure the prudent management of development funds for the public and the City management of major development projects, when the building valuation is more than $50.0 million (as adjusted by the Consumer Price Index, or $65.0 million for Fiscal Year (FY) 2022/23).
Economic Impacts: Not applicable.
Environmental Considerations: This report concerns administrative activities that will not have a significant effect on the environment and does not constitute a “project” as defined by the California Environmental Quality Act (CEQA) [CEQA Guidelines Section 15061 (b) (3); 15378 (b) (2)].
Sustainability: Not applicable.
Commission/Committee Action: Not applicable.
Rationale for Recommendation: This project requires building plan review and inspection services.
The expected project completion date is in FY2025/26. City review and processing fees are based on project valuation, staff hourly rates, and flat fees adopted by resolution and are paid in accordance with established City policies and procedures. Establishing a MYOP to monitor the building’s development will allow staff to administer and manage project expenses related to plan review and permit inspections services over the life of the project.
Financial Considerations: Staff recommends that the City Council authorize the establishment of the 905 S Street project (I21006600). Budgets will be initially established as $318,975 and then adjusted, based on the actual amount of development review fees received.
Local Business Enterprise (LBE): Not applicable.
RESOLUTION NO. 2023-
Adopted by the Sacramento City Council
Establishment of a Multi-year Operating Project
for the 905 S Street (I21006600)
BACKGROUND:
A. The 905 S Street project is located at 905 S Street in Council District 4.
B. This project requires building plan review and inspection services that will continue through two or more fiscal years. City review and processing fees are based on project valuation, staff hourly rates, and flat fees adopted by resolution and are paid in accordance with established City policies and procedures.
C. The Development Services Fund was established in 1999 (Resolution 99- 077) to account for major plan review and building permit projects, to account for environmental impact review projects, and to stabilize appropriations between business cycles for multi-year projects.
BASED ON THE FACTS SET FORTH IN THE BACKGROUND, THE CITY COUNCIL RESOLVES AS FOLLOWS:
Section 1. The City Manager or City Manager’s designee is authorized to establish a multi-year operating project (MYOP) for the 905 S Street project as I21006600.
Section 2. The City Manager or City Manager’s designee is authorized to establish revenue and expenditure budgets in the Development Services Fund (Fund 2016) in the amount of $318,975 for the 905 S Street (I21006600).
Project budgets will be adjusted based on the actual amount of fees received.