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Staff report: development update and proposed water/stormwater capital funds; council approves budget amendment
Summary
City staff summarized completed, current and future commercial and residential projects and the status of the UC Vision 35 comprehensive plan. Council approved a budget amendment creating separate capital funds for water and stormwater projects to improve transparency.
City planning and finance staff gave council an update on major development projects across Universal City and requested a budget amendment to create separate capital funds for water and stormwater improvements.
Development update: Planning staff said the city has seen widespread development over the past four to five years, with more than 92% of the city developed and only about 8% remaining undeveloped. Staff reviewed completed commercial and residential projects (14 commercial projects and several residential developments), current projects under construction (including an apartment complex, industrial buildings and commercial sites) and future projects such as Reunion (a larger master…
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