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HomeMy WebLinkAboutStaff Report 8249 City of Palo Alto (ID # 8249) City Council Staff Report Report Type: Consent Calendar Meeting Date: 8/21/2017 City of Palo Alto Page 1 Summary Title: SUMC Annual Report 2015-2016 Title: Accept the Stanford University Medical Center (SUMC) Annual Report for Fiscal Year 2015-2016 and Find the SUMC Parties in Compliance With the Development Agreement From: City Manager Lead Department: Planning and Community Environment Recommendation Staff recommends that the City Council: 1. Review the Stanford University Medical Center (SUMC) Annual Report for Fiscal Year 2015-2016 and find that the Parties (Stanford Hospitals & Clinics, Lucile Packard Children’s Hospital, and Stanford University) have complied in good faith with the terms and conditions of the Development Agreement ; and 2. Find that the SUMC Parties are not in default with the terms and conditions of the Agreement. 3. Accept the City of Palo Alto’s (City) Annual Report Supplement regarding the funds received by the SUMC Parties as required under Section 12(d) of the Development Agreement. (Attachment C.) Executive Summary The City Council is required to review the Development Agreement between the SUMC Parties and the City of Palo Alto on an annual basis to ascertain compliance with the terms of the agreement. The SUMC Parties have submitted the annual report for the FY 2015-2016 period summarizing construction activities and other actions taken to fulfill the obligations of the Agreement. Of particular note, the SUMC has achieved a 31.9% alternative transportation mode split which exceeds the Alternative Mode Share target of 30.0% for 2018. Also, as described in the supplement to the annual report, which is prepared by City staff, the SUMC Parties have paid approximately $32.5 million in public benefit fees to the City since June 6, 2011, although there were no required payments from Stanford during this reporting period. During the FY 2015-2016 reporting period, the City Council reviewed and approved use of funding for the Quarry Road Improvements discussed in Development Agreement Section City of Palo Alto Page 2 5(d)(ii), the New Public Safety Building, additional capital projects, and Project Safety Net operations. Background On June 6, 2011, the City Council approved Comprehensive Plan amendments, zoning changes, a conditional use permit, annexation and design applications for the Stanford University Medical Center Facilities Renewal and Replacement Project (the “Projects”). The Projects include the construction of a new Stanford Hospital and clinics buildings, an expansion of the Lucile Packard Children’s Hospital, construction of new School of Medicine buildings, renovation of the existing Hoover Pavilion, construction of a new medical office building and parking garage at Hoover Pavilion, roadway improvements along Welch Road and Durand Way, and SUMC design guidelines. A Development Agreement (the “Agreement”) vesting these approvals was entered into between the SUMC Parties and the City and was deemed effective on June 6, 2011 and continues for thirty (30) years from the effective date. The Agreement requires annual City Council review of the SUMC Parties compliance. This report covers the SUMC Parties activities during FY 2015-2016, the fifth year of the Agreement. Previous SUMC Annual Reports and compliance documentation can be found in the following documents:  Fiscal Year 2011-2012 http://www.cityofpaloalto.org/civicax/filebank/documents/31976  Fiscal Year 2012-2013 https://www.cityofpaloalto.org/civicax/filebank/documents/39991  Fiscal Year 2013-2014 http://www.cityofpaloalto.org/civicax/filebank/documents/45631  Fiscal Year 2014-2015 http://www.cityofpaloalto.org/civicax/filebank/documents/51645 The SUMC Parties recently submitted the FY 2016-2017 Alternative Mode Share Report, the 2016-2017 Construction Tax and Sales Report, and the 2016-2017 Annual Report. All of these reports are currently under review by staff and will be brought to City Council after the review and audits are completed. To obtain the latest information regarding the Stanford University Medical Center project construction, members of the public may wish to visit the Stanford-hosted website (http://www.sumcrenewal.org/) and sign up for the 10-day Look Ahead weekly email notifications (http://www.sumcrenewal.org/contact-us/?signup=1). Discussion As described in Development Agreement Section 12, “Periodic Review of Compliance,” the City Council is to review the Agreement annually to ascertain the SUMC Parties’ compliance with the terms of the Agreement. Section 12 also includes the reporting requirement for the SUMC Parties and the City to demonstrate good faith compliance with the Agreement. The attached 2015-2016 Annual Report (Annual Report) dated July 6, 2016 (Attachment A) from SUMC City of Palo Alto Page 3 describes the SUMC Parties’ activities related to implementation of the Agreement and is summarized below along with notable activities from prior reporting periods. Construction Activities Construction activities in past reporting periods included:  Hoover Pavilion Renovation- Site work and renovation of the exterior and interior features of the building have been completed and in December 2012, Hoover Pavilion re-opened, providing a modern medical office and clinics to the SUMC community. The renovation project is considered to be complete.  Hoover Pavilion Parking Garage- Site work and construction for the new 1,084-stall parking garage was completed in the Fall of 2013. It is now open for use by patients and staff.  Welch Road Utilities Project- This project involves the replacement and installation of utilities to support the New Stanford Hospital and the Lucille Packard Children’s Hospital expansion. The construction portion of this project was considered to be largely complete in 2013 and two-way automobile traffic currently operates on Welch Road. The SUMC Parties and the City are currently in the process of finalizing easements and maintenance agreements. Construction activities during this period included:  Hoover Medical Office Building “Neuroscience Health Center” – Site work and construction for the building was completed in October 2015 and the Neuroscience Health Center opened for patient care in January 2016.  Lucile Packard Children’s Hospital (LPCH) - Construction of the hospital expansion remained underway during the FY 2015-2016 reporting period and LPCH anticipates opening for patient care in 2017-2018.  New Stanford Hospital (NSH) - Substantial construction progress continued during the FY 2015-2016 reporting period. NSH is anticipated to complete construction in 2018.  School of Medicine Buildings- This project involves the replacement of the Stanford University School of Medicine (SOM) buildings with new state-of-the-art facilities. The School of Medicine project did not commence in the FY 2015-2016 reporting period. A total of 120,800 square feet of floor area was demolished at the Stanford Hospital and Lucile Packard Children’s Hospital sites thus far and buildings under construction at these sites have not yet received occupancy. The 91,605 square foot Hoover Neuroscience Health Center completed construction and received a certificate of occupancy during the FY 2015-2016 reporting period. Taking into account the previously demolished 13,831 square feet of floor area at the Hoover Pavilion site, the occupancy of the Neuroscience Health Center represents 77,774 square feet of net new square footage. Compliance with Development Agreement Obligations In addition to the construction summary and the summary of net new square footage added within the past year, the Annual Report also summarizes the SUMC Parties’ progress in meeting City of Palo Alto Page 4 the terms described in Section 5 of the Agreement, “SUMC Parties’ Promises.” This section of the Annual Report describes the SUMC Parties’ obligations with respect to the following items:  Health Care Benefits;  Fiscal Benefits;  Traffic Mitigation and Reduced Vehicle Trips;  Linkages (Pedestrian, Bicycle, and Transit);  Infrastructure, Sustainable Neighborhoods & Communities, Affordable Housing, and  Climate Change. The Annual Report summarizes the activities within the reporting year. The obligations are further summarized in Table 1: Development Agreement, Section 5 – SUMC Parties’ Promises (Attachment B). City staff has reviewed the information within the Annual Report and has determined that it is complete and correct. Traffic Mitigation and Reduced Vehicle Trips The SUMC Parties have made substantial progress in meeting the traffic and alternative transportation obligations of the Agreement. Specifically, they have accomplished the following:  Purchased CalTrain Go Passes annually for all eligible employees as of January 1, 2012, three years ahead of the September 1, 2015 requirement as stated in the Agreement. Annual passes were purchased again for all eligible existing and new employees for 2015;  Purchased additional shuttle buses for the Marguerite Shuttle service which now includes five renewable diesel-electric hybrid buses and three all-electric buses, along with plans to add up to 20 additional all electric buses over the next two years;  Hired a Transportation Demand Management (TDM) coordinator on March 13, 2012, three years ahead of the September 1, 2015 requirement as stated in the Agreement, and  Achieved a 31.9% alternative transportation mode split during this reporting year for the hospital employees, meaning 31.9% of employees are using alternative modes to get to work rather than driving alone. This figure employs a further refined calculation methodology that utilizes additional weights to account for response biases associated with work shift (day / evening / night), work hours (full-time /part-time), and employer (Stanford Health Care / Lucile Packard Children’s Hospital). The goal for any refinement in methodology is to derive increasingly accurate alternative mode share estimates. Please see the table below for a comparison of the mode splits for each year by methodology. Year Past Methodology New Methodology (2014-2015) Refined Methodology (2015-2016) 2012 39% 32.5% 32.5% City of Palo Alto Page 5 2013 40.9% 33.4% 33.4% 2014 N/A 34.4% 31.8% 2015 N/A 36.3% 32.7% 2016 N/A N/A 31.9% The 31.9% mode split exceeds the alternative mode share target for 2018 of 30.0%. It is anticipated that the SUMC Parties will continue to meet or exceed the alternative mode share targets for 2021 (33.0%) and 2025 (35.1%), especially with the implementation of Development Agreement-required pedestrian, bicycle, and transit linkage improvements that are planned for completion in 2017 and 2018. The SUMC Parties and City staff will continue to monitor the TDM program throughout the term of the Agreement and will report annually to City Council. Supplement to the Annual Report In addition to the SUMC Parties’ submittal of the Annual Report, City staff is to prepare a supplement to the Annual Report (the “Supplement”), as described in Development Agreement Section 12(d). The Supplement is to include an accounting of the funds received from the SUMC Parties to satisfy the obligation outlined in Section 5 of the Agreement, a description of the account balances, and a summary and description of expenditures from the funds. The Supplement is contained in Attachment C. In summary, the SUMC Parties have contributed $32,533,666 in public benefit funds as of June 30, 2015. Interest income during the reporting period was $851,222. The SUMC Parties will pay an additional $11.7M upon issuance of the first hospital occupancy permit, expected in late 2017 or early 2018 in association with the Lucile Packard Children’s Hospital (LPCH) opening for patient care. During the reporting period, the City expended funds for the following:  $92,004 under the “Quarry Road Improvements” cost center for the first implementation phase of the Public Right-of-Way Improvements to Enhance Pedestrian and Bicycle Connection on Quarry Road, consistent with Development Agreement Section 5(d)(ii).  $1,100,000 under the “Infrastructure and Affordable Housing” cost center for the New Public Safety Building (transferred to Capital Project Fund).  $1,074,011.98 under the “Community Health & Safety” cost center for the Project Safety Net Program.  $1,200,000 under the “Climate Change & Sustainability” cost center for the implementation of the Bicycle & Pedestrian Transportation Plan. City of Palo Alto Page 6 General Fund Sales and Use Tax revenues in calendar year 2015 resulting from construction- related activities totaled approximately $884,649, based on the City Auditor’s review of the Construction Sales & Use Tax Monitoring Report submitted by SUMC on June 30, 2016. The City Auditor submitted a letter to SUMC noting a discrepancy of $74,084 in the Construction Sales & Use Tax Monitoring report, meaning SUMC reported $1,943,572 in General Fund Sales and Tax revenues in calendar year 2015 resulting from construction related activities. The discrepancy mainly stems from the absence of attribution of the City tax area code on the tax returns. The City Auditor suggested filing amended tax returns to resolve the discrepancy. Total General Fund Sales and Use Tax revenues from 2011 to 2015 now total $2,017,656. Future Use of Development Agreement Funds On June 15, 2015 (CMR #5864) City Council approved the Fiscal Year 2016 Budget, which outlined total SUMC Capital Improvement funding of $31.2 million over the course of 2016 - 2020 to support a variety of projects including the Bicycle and Pedestrian Transportation Plan (PL-04010), the New Public Safety Building (PE-15011), the reconstruction of Fire Station 3 (PE- 15003) and Fire Station 4 (PE-18004), the New Downtown Garage (PE-15007), and the Charleston Arastradero Corridor Improvements Project (PE-13011). Additionally, as part of ongoing efforts to develop and implement a mental health plan for Palo Alto youth, a total allocation of $568,000 was included in the Fiscal Year 2016 Operating Budget for Project Safety Net (PSN) administrative staffing and contract security services at Palo Alto rail crossings. For additional information about the development agreement projects and funding allocations, please refer to the following:  Fiscal Year 2016 Operating Budget document, Special Revenue Funds section: http://www.cityofpaloalto.org/civicax/filebank/documents/54358; and  Fiscal Year 2016 Capital Improvement Budget document: http://www.cityofpaloalto.org/civicax/filebank/documents/54357. Resource Impact There are no negative impacts from the Agreement that affect the City’s General Fund. As summarized above, the SUMC Parties have paid approximately $32.5 million in public benefit fees to the City since June 6, 2011. Policy Implications This report does not represent any changes to existing City policies. Environmental Review Finding Stanford University’s compliance with the Terms of the Agreement is not a project under the California Environmental Quality Act, and no environmental assessment for the annual compliance review is required. An environmental impact report for the entire SUMC City of Palo Alto Page 7 project was prepared and certified by the City Council prior to approval of the Development Agreement. Attachments:  Attachment A: SUMC Annual Report 2015-2016  Attachment B: Table 1-Development Agreement  Attachment C: (PART 1) SUMC Annual Report Supplement FY2015_16  Attachment C: (PART 2) SUMC Annual Report Supplement FY2015_16 2015-16 ANNUAL REPORT PREPARED FOR THE CITY OF PALO ALTO | JULY 6, 2016 CONTENTS EXECUTIVE SUMMARY 1 BACKGROUND AND PURPOSE 2 2015-2016 SUMMARY OF PROGRESS 3 HOOVER PAVILION SITE 3 LUCILE PACKARD CHILDREN’S HOSPITAL 4 NEW STANFORD HOSPITAL 5 SCHOOL OF MEDICINE 6 NET NEW SQUARE FOOTAGE 6 COMPLIANCE WITH DEVELOPMENT AGREEMENT OBLIGATIONS 7 HEALTH CARE BENEFITS 7 SECTION 5(a)(ii). FUND FOR HEALTHCARE SERVICES 7 SECTION 5(a)(iii). FUND FOR COMMUNITY HEALTH AND SAFETY PROGRAMS 7 PALO ALTO FISCAL BENEFITS 8 SECTIONS 5(b)(i) AND 5(b)(ii). PAYMENT OF SALES AND USE TAXES 8 SECTION 5(b)(iii). FUNDING OF OPERATING DEFICIT 9 SECTION 5(b)(iv). PAYMENT OF UTILITY USER TAX 9 SECTION 5(b)(v). SCHOOL FEES 9 TRAFFIC MITIGATION AND REDUCED VEHICLE TRIPS 10 SECTION 5(c)(ii). MENLO PARK TRAFFIC MITIGATION 10 SECTION 5(c)(iii). EAST PALO ALTO VOLUNTARY MITIGATION 10 SECTION 5(c)(iv). CONTRIBUTIONS TO AC TRANSIT 10 SECTION 5(c)(v). OPTICOM PAYMENTS 11 SECTION 5(c)(vi). CALTRAIN GO PASSES 11 SECTION 5(c)(vii). MARGUERITE SHUTTLE SERVICE 11 SECTION 5(c)(viii). TRANSPORTATION DEMAND MANAGEMENT COORDINATOR 11 SECTION 5(c)(ix). MONITORING OF TDM PROGRAMS 12 LINKAGES 13 SECTION 5(d)(i). INTERMODAL TRANSIT FUND 13 SECTION 5(d)(ii). QUARRY ROAD FUND 13 SECTION 5(d)(iii). STANFORD BARN CONNECTION 14 INFRASTRUCTURE, SUSTAINABLE NEIGHBORHOODS AND COMMUNITIES, AND AFFORDABLE HOUSING 14 SECTION 5(e). 14 CLIMATE CHANGE 14 SECTION 5(f). CLIMATE CHANGE FUND 14 SATISFACTION OF CONDITIONS OF APPROVAL 15 CONCLUSION 16 ANNUAL REPORT 2015-16 1 On June 6, 2011, the Stanford University Medical Center (now Stanford Medicine)—comprised of Stanford Hospital and Clinics (now Stanford Health Care), Lucile Packard Children’s Hospital, and Stanford University—entered into a Development Agreement with the City of Palo Alto, committing to provide a range of community benefits in exchange for vested development rights to develop and use the Project facilities in accordance with the approvals granted by the City, and a streamlined process for obtaining subsequent project approvals. The Stanford Medicine Renewal and Replacement Project (“Renewal Project”)—driven by a growing demand for healthcare services, state-mandated seismic safety requirements, and the need to replace outmoded facilities with modern, technologically advanced spaces—holds the potential to transform the way that healthcare is delivered and research is conducted. Today, five years after the execution of the Development Agreement, Renewal Project activities continue apace. The New Stanford Hospital and the Lucile Packard Children’s Hospital expansion are moving closer to completion, with the exterior enclosures on both buildings nearly complete and interior construction underway. Meanwhile, on the Hoover Pavilion site, construction of the Stanford Neuroscience Health Center completed in Fall 2015, and the new facility opened to patient care in January 2016. Against this backdrop, Stanford Medicine submits its Annual Report in compliance with Section 12(c) of the Development Agreement, and looks forward to continued collaboration with the City of Palo Alto in advancing the goals of both the Stanford Medicine and the broader community. EXECUTIVE SUMMARY 2 ANNUAL REPORT 2015-16 The Palo Alto City Council’s unanimous approval of the entitlements for the Stanford Medicine Renewal and Replacement Project in July 2011 has paved the way for a historic investment in new and replacement facilities for Stanford Medicine. The project approvals—including new zoning for the Project sites, a conditional use permit, architectural review approval, and the execution of a Development Agreement—allows for the construction of approximately 1.3 million net new square feet of hospital facilities, clinics, medical offices, and medical research spaces, and will enable the hospitals to optimize the delivery of healthcare services to patients, and maintain their position as leading providers of world- class healthcare. In order to facilitate this important replacement and expansion work, the Stanford Medicine parties entered into a Development Agreement with the City of Palo Alto, which includes a comprehensive package of community benefits and voluntary mitigation measures. In exchange for these benefits, the City has vested for a period of 30 years Stanford Medicine’s rights to develop and use the property in accordance with the project approvals, and will streamline the process for obtaining subsequent approvals. The terms of the Development Agreement (Section 12(c)) provide for a periodic review of compliance, and require that Stanford Medicine submit an Annual Report to the City of Palo Alto’s Director of Planning and Community Environment each year within 30 days of the anniversary of the agreement effective date (June 6, 2011). The Annual Report is to summarize the progress on the Renewal Project, including a list of net new square footage for which a certificate of occupancy has been received, and a description of the steps that Stanford Medicine has taken to comply with the obligations listed in the Development Agreement. With this report, Stanford Medicine fulfills these requirements. Within 45 days of receipt of this Annual Report, the City will prepare a Supplement to the Annual Report, to provide an accounting of the City’s expenditures from each of the City Funds and how they were used. BACKGROUND AND PURPOSE ANNUAL REPORT 2015-16 3 The Renewal Project continues to progress, with construction activities for both Hospitals well underway. The section to follow provides an overview of central goals for the project elements that presently are under construction or nearing construction, a synopsis of progress to date, as well as a preview of near- term upcoming activities. HOOVER PAVILION SITE One of the first phases of the Renewal Project was the renovation of Hoover Pavilion to accommodate modern medical offices and clinics. Renovation of the 1931 building—including structural improvements, mechanical and plumbing upgrades, and restoration of historic architectural details— began in Summer 2011, and completed in Fall 2012. Subsequently, construction of the Hoover Garage (PS-9) completed in Fall 2013, and the garage is now open and serving patients, visitors, and staff. And finally, the landscaping at the Hoover Medical Campus was transformed to include varied landscaped spaces, including a lawn parterre, Redwood grove, and Oak grove. The groves feature mature trees which have been transplanted from other locations on the Hoover site, many of which had been boxed and stored offsite during construction. Most recently, construction of a new Neuroscience Health Center was completed in October 2015 on the Hoover site, on Quarry Road immediately west of the Hoover Pavilion, and northwest of the parking garage. The Neuroscience Health Center opened to patient care in January 2016, and provides specialized outpatient services for people with Alzheimer’s, Parkinson’s disease, brain tumors, multiple sclerosis, stroke and other neurological disorders. The site features new landscaped spaces, including a mobility garden beneath a mature oak designed to allow neuroscience patients to practice walking on different surfaces, and a wildflower knoll adjacent to the site’s historic cedar grove. 2015-2016 SUMMARY OF PROGRESS 4 ANNUAL REPORT 2015-16 2015-2016 SUMMARY OF PROGRESS LUCILE PACKARD CHILDREN’S HOSPITAL In response to growing community needs for specialized pediatric and obstetric care, Lucile Packard Children’s Hospital is opening an expanded facility. The new hospital, to be located adjacent to the current Packard Children’s Hospital, will provide patients and doctors with the most modern clinical advancements and technology, while also creating a more patient- and family-centered environment of care, with additional single-patient rooms and more spaces for families to be with their child during treatment and recovery. The Packard Children’s expansion will feature a new entrance lobby, public concourse with dining, three floors of nursing units, and new patient rooms. Spaces have been designed with an attention to natural light and views, and the exterior grounds—more than 3.5 acres of outdoor areas and gardens—will provide a park-like setting for patients, families, and visitors. In the past year, significant construction progress has been made on the LPCH expansion project—the exterior enclosure of the building is nearly complete, and interior construction is underway. Meanwhile, site work continues, with the final form of the hospital’s outdoor spaces beginning to take shape. ANNUAL REPORT 2015-16 5 NEW STANFORD HOSPITAL Stanford Health Care is constructing new and replacement hospital facilities that will usher in a new era of advanced patient care. Growth in patient volumes and rapidly changing medical technology have rendered much of the existing midcentury hospital infrastructure inadequate, while new seismic safety requirements have accelerated the need to construct replacement facilities. The New Stanford Hospital will substantially increase capacity, and will also address a rapidly advancing medical landscape. High-tech spaces such as Surgery, Radiology, and Intensive Care will be replaced to accommodate the latest advances in medical technology, while still retaining the flexibility to adapt to future innovations. Facilities will feature new patient rooms, an enlarged Level-1 trauma center and Emergency Department, and new surgical, diagnostic, and treatment rooms. And foremost, the new facility will create a healing environment responsive to the needs of patients, visitors, and staff. Upper-level pavilions will feature light-filled patient rooms, and a mid-level garden floor will offer dining, conference, and educational facilities, as well as social and spiritual support spaces. Substantial progress has been made on the New Stanford Hospital project over the past year. The exterior enclosure for the Hospital is now nearly complete; mechanical, electrical and plumbing rough-ins are nearly complete; and interior finish construction has recently begun. Meanwhile, at the adjacent New Stanford Hospital Garage, the exterior façade is nearly complete and construction of the rooftop pavilions is underway. A temporary Certificate of Occupancy issued by the City in 2014 allows for contractor parking while construction continues. 2015-2016 SUMMARY OF PROGRESS 2015-2016 SUMMARY OF PROGRESS 6 ANNUAL REPORT 2015-16 2015-2016 SUMMARY OF PROGRESS SCHOOL OF MEDICINE The Stanford University School of Medicine will replace its outmoded research buildings with new state-of-the-art facilities designed to support contemporary translational research. The new facilities will accommodate 21st century medical advancements and enable the development of new medical innovations. The new buildings will feature integrated laboratory suites, with easier access between labs and support facilities, enabling transparency, flexibility, and collaboration. The new facilities will be surrounded by landscaped areas and tree-lined walkways. The School of Medicine development is not yet underway. In the interim, part of the site that will ultimately be developed is currently in use as a temporary valet parking area for Hospital patients and visitors. NET NEW SQUARE FOOTAGE The following table summarizes the net new square footage for which a certificate of occupancy has been issued. PROJECT COMPONENT GROSS SQUARE FOOTAGE NEW STANFORD HOSPITAL 1101 Welch demolished (40,100) Total (40,100) LUCILE PACKARD CHILDREN’S HOSPITAL EXPANSION 701 Welch demolished (56,300) 703 Welch demolished (23,500) Total (79,800) SCHOOL OF MEDICINE None 0 HOOVER PAVILION Misc. shops and storage demolished (13,831) Stanford Neuroscience Health Center (Hoover MOB) 91,605 Total 77,774 PROJECT COMPONENT GROSS SQUARE FOOTAGE ANNUAL REPORT 2015-16 7 This section of the Annual Report summarizes the steps that Stanford Medicine has taken to comply with their obligations in Section 5 of the Development Agreement. HEALTH CARE BENEFITS Stanford Medicine provides certain intrinsic benefits to the community, as both a global leader in medical care and research, and as a community healthcare services provider. The Renewal Project enables Stanford Medicine to continue its important work, and the addition of more beds for adults and children will help to alleviate overcrowding. Additionally, the new hospital facilities will provide critical emergency preparedness and response resources for the community in the event of an earthquake, pandemic, or other major disaster. Section 5(a)(ii). Fund for Healthcare Services The Hospitals have designated the amount of $3 million for Healthcare Services which will increase to $5.6 million by December 31, 2025. No further action is required until 2026. This amount will be reconciled with the construction tax use payments as described in Development Agreement Section 5(b) (ii)(C). Section 5(a)(iii). Fund for Community Health and Safety Programs Stanford Medicine has contributed a single lump-sum payment of $4 million to establish a Community Health and Safety Program Fund for the City of Palo Alto. This fund is to be distributed to selected community health programs that benefit residents of the City, including the Project Safety Net Program, a community-based mental health plan for youth well-being in Palo Alto. A joint committee is to be established to evaluate proposals regarding the other specific programs to receive funding, composed of two representatives selected by the Stanford Medicine Parties and two representatives selected by the City; this committee shall make annual recommendations to the City Council regarding proposed disbursements from the Community Health and Safety Program Fund, and the City Council shall use its reasonable discretion to decide whether to accept, reject, or modify the joint committee recommendations. Stanford Medicine provided the entire required contribution to the Community Health and Safety Program Fund on August 25, 2011. No further action is required by Stanford Medicine to comply with this Development Agreement provision. As required by Development Agreement Section 12(d), the City will provide yearly Supplements to the Annual Report to provide an accounting of the City’s expenditures from this fund, and the purposes for which the expenditures were used. COMPLIANCE WITH DEVELOPMENT AGREEMENT OBLIGATIONS 8 ANNUAL REPORT 2015-16 PALO ALTO FISCAL BENEFITS The Stanford Medicine Renewal Project brings considerable fiscal benefits to the City of Palo Alto. The project is expected to generate at least $8.1 million in sales and use tax revenues for the City, and multiple mechanisms have been put into place to ensure that this target is met. The Development Agreement also provides for further fiscal benefits to the City, including a payment by Stanford Medicine to fund the City’s operating deficit, and the payment of utility user taxes and school fees. Sections 5(b)(i) and 5(b)(ii). Payment of Sales and Use Taxes As required by the Development Agreement, Stanford Medicine submitted its annual Construction Sales and Use Tax monitoring report to the City on June 30, 2016. The Stanford Medicine parties will continue to submit such a report annually during the construction period for the Renewal Project so that the City can determine the share of construction use taxes that it has received as a result of the Renewal Project. Each year, within 60 days of receiving the monitoring report, the City will provide its determination of the amount of construction use taxes that it has received as a result of the Renewal Project during the preceding calendar year. In August 2026, Stanford Medicine and the City will conduct a reconciliation process to confirm that the City has received at least $8.1 million in construction use taxes as a result of the Project, as further described in Development Agreement Section 5(b)(ii). To date, Stanford Medicine has taken the following steps to maximize the City’s allocation of sales and use taxes associated with Project construction and operation. Documentation of each of these items is included in the 2015 construction use tax monitoring report already submitted. • The Stanford Medicine Parties have obtained all permits and licenses necessary to maximize the City’s allocation of construction use taxes derived from the project, including California Seller’s Permits and Use Tax Direct Pay Permits. Copies of permits and licenses are attached to the 2015 monitoring report. • Stanford Medicine has designated and required all contractors and subcontractors to designate the project site as the place of sale of all fixtures furnished or installed as part of the project. • Stanford Medicine has designated and required all contractors and subcontractors to designate the project site as the place of use of all materials used in the construction of the project. • Stanford Medicine has required all contractors and subcontractors to allocate the local sales and use taxes derived from their contracts directly to the city. Stanford Medicine has used best efforts to require contractors and subcontractors to complete and file any forms required by the State Board of Equalization to effect these designations. • Both Hospitals have obtained use tax direct pay permits from the State of California for their existing facilities in order to increase the City tax allocation for the Hospitals’ purchases. The Hospitals will maintain the use tax direct pay permit for the life of the project. • Finally, Stanford Medicine has assisted the City in establishing and administering a Retail Sales and Use Tax Reporting District for the Renewal Project, to enable the City to track the generation, allocation, reporting and payment of sales and use taxes derived from the Project. COMPLIANCE WITH DEVELOPMENT AGREEMENT OBLIGATIONS ANNUAL REPORT 2015-16 9 Section 5(b)(iii). Funding of Operating Deficit In order to assure that City costs associated with the Renewal Project do not exceed revenues to the City resulting from construction and operation of the project, Stanford Medicine has provided to the City a single lump sum payment in the amount of $2,417,000. This payment was made on August 25, 2011. No further action is required by Stanford Medicine to comply with this Development Agreement provision. Section 5(b)(iv). Payment of Utility User Tax Stanford Medicine will pay the City a utility user tax at a minimum rate of 5 percent of all electricity, gas, and water charges allocable to new construction completed as part of the project for the life of the project. This rate may be increased by the City as provided by Section 2.35.100(b) of the Municipal Code. The 5 percent utility user tax is currently being paid by Stanford Medicine. Section 5(b)(v). School Fees Stanford Medicine will pay to the City—who is then to forward to the Palo Alto Unified School District— school fees upon issuance of each building permit from the City or OSHPD, in the amount that is generally applicable to non-residential development at the time of payment based upon net new square footage, as defined in the Development Agreement. School fees were paid in 2012 for LPCH and SHC in the amounts of $188,815 and $153,802, respectively. In July 2013, additional school fees were paid in the amount of $7,051 to account for additional program square footage for the New Stanford Hospital and Garage. In May 2014, an additional payment of school fees in the amount of $16,119 was made to account for the incremental square footage associated with the Hoover Medical Office Building, beyond the 60,000 square feet originally planned. In November 2015, additional school fees in the amount of $461.16 were paid to account for incremental square footage for the New Stanford Hospital Garage. COMPLIANCE WITH DEVELOPMENT AGREEMENT OBLIGATIONS 10 ANNUAL REPORT 2015-16 TRAFFIC MITIGATION AND REDUCED VEHICLE TRIPS Stanford Medicine has taken a number of steps to mitigate the potential traffic impacts projected at full project buildout. Already, Stanford Medicine provides a robust transportation demand management program, offering a variety of incentives for employees to forego driving alone to work. As the Renewal Project moves forward, Stanford Medicine will take the following actions outlined below. Section 5(c)(ii). Menlo Park Traffic Mitigation Stanford Medicine has agreed to contribute to the City of Menlo Park a total of $3,699,000 for use in connection with traffic mitigation, infrastructure enhancements, and the promotion of sustainable neighborhoods and communities and affordable housing. This contribution is to be made in three equal payments; the first payment of $1,233,000 was made on August 19, 2011. The second payment of $1,233,000 was made on December 5, 2012, following the November 2012 issuance of the first Hospital foundation permit. The final payment will be made within 30 days from issuance of the first Hospital Occupancy Permit by the State of California. Section 5(c)(iii). East Palo Alto Voluntary Mitigation Stanford Medicine has contributed a single lump sum payment of $200,000 to East Palo Alto to be used for roadway and traffic signal improvements on University Avenue. This payment was made on August 19, 2011. No further action is required by Stanford Medicine to comply with this Development Agreement provision. In the event that Stanford Medicine does not meet alternative transportation mode goals specified in the Development Agreement by 2025 and is assessed a $4 million payment under Development Agreement section 5(c)(ix)(B), the City will be required to remit $150,000 of such payment to the City of East Palo Alto. Section 5(c)(iv). Contributions to AC Transit The Hospitals have committed to offering the following contributions to AC Transit within 30 days from issuance of the first Hospital occupancy permit: • The Hospitals will contribute a one-time payment of $250,000 to AC Transit to be used for capital improvements to the U-Line to increase capacity (Section 5(c)(iv)(A)). • The Hospitals will offer to make annual payments to AC Transit in a reasonable amount, not to exceed $50,000, to be used for operating costs of the U-Line to maintain a load factor for bus service to the Medical Center of less than 1 (Section 5(c)(iv)(B). • In order to encourage Hospital employees living in the East Bay to use public transit for their commute, the Hospitals have committed to using best efforts to lease 75 parking spaces at the Ardenwood Park and Ride lot, or an equivalent location, at a cost not to exceed $45,000 per year (Section 5(c)(iv)(C)). No action is required at this time; however, since May 2014, a 100-space park- and-ride facility on Kaiser Drive at Campus Drive in Fremont (0.9 mile from Ardenwood Park & Ride) has been under lease for the use of Stanford University and Hospital commuters. These offers have not yet been made to AC Transit because the first Hospital occupancy permit has not yet been issued. COMPLIANCE WITH DEVELOPMENT AGREEMENT OBLIGATIONS ANNUAL REPORT 2015-16 11 COMPLIANCE WITH DEVELOPMENT AGREEMENT OBLIGATIONS Section 5(c)(v). Opticom Payments Within 30 days from issuance of the first Hospital occupancy permit, the Hospitals will pay $11,200 to the City of Palo Alto to be used for the installation of Opticom traffic control systems at the following seven intersections: El Camino Real/Palm Drive/University Avenue; El Camino Real/Page Mill Road; Middlefield Road/Lytton Road; Junipero Serra/Page Mill Road; Junipero Serra/Campus Drive West; Galvez/Arboretum; and the Alpine/280 Northbound ramp. This payment has yet not been made because the first Hospital occupancy permit has not yet been issued. Section 5(c)(vi). Caltrain GO Passes The Development Agreement requires that the hospitals purchase annual Caltrain GO Passes for all existing and new Hospital employees who work more than 20 hours per week at a cost of up to $1.8 million per year, beginning on September 1, 2015. This obligation is to continue for a period of 51 years. Hospital management accelerated the purchase of the annual GO Pass for Hospital employees, and began providing free GO Passes to employees commencing on January 1, 2012. Further details regarding the GO Pass purchase can be found in the Alternative Mode Share report, which was submitted to the City on May 31, 2016. Section 5(c)(vii). Marguerite Shuttle Service The Hospitals will fund the reasonable costs, in an approximate amount of $2 million for the purchase of additional shuttle vehicles for the Marguerite shuttle service, as and when required to meet increased demand for shuttle service between the project sites and the Palo Alto Intermodal Transit Station. In addition, the Hospitals will fund as annual payments the reasonable costs, in an approximate amount of $450,000 per year, to cover the net increase in operating costs for the Marguerite Shuttle. Demand for the Marguerite shuttle increased in 2012, and the Hospitals funded the purchase of three new hybrid shuttles to meet this increased demand. Section 5(c)(viii). Transportation Demand Management Coordinator The Development Agreement requires that the Hospitals employ an onsite qualified Transportation Demand Management (TDM) Coordinator for Stanford Medicine, commencing on September 1, 2015, and continuing through the life of the Renewal Project. Because the Hospitals accelerated the purchase of the Caltrain GO Pass, the Hospitals also accelerated the hiring of the TDM Coordinator, filling this position in March 2012. The TDM Coordinator (Sustainable Transportation Lead) is responsible for analyzing, developing, and implementing programs to advance the Hospitals’ TDM objectives. Specifically, the position supports the Hospitals’ TDM program by raising awareness among commuters about alternative transportation options and Stanford’s commute incentive programs; providing alternative commute planning assistance and responses to customer inquiries; writing and editing electronic and print communications; coordinating and staffing outreach events, such as free transit pass distributions and employee fairs; and providing alternative transportation information and resources at new employee orientations. COMPLIANCE WITH DEVELOPMENT AGREEMENT OBLIGATIONS 12 ANNUAL REPORT 2015-16 COMPLIANCE WITH DEVELOPMENT AGREEMENT OBLIGATIONS Section 5(c)(ix). Monitoring of TDM Programs The Hospitals are required to submit annual monitoring reports showing the current number of employees employed over 20 hours per week; the number of employees using an alternative transportation mode as documented by a study or survey to be completed by the Hospitals using a method mutually agreeable to the City, and the efforts used by the Hospitals to attempt to achieve the Alternative Mode Targets identified in the Development Agreement. The Development Agreement specifies payments to be made in the event that such targets are not met during particular time periods. Stanford Medicine submitted its 2015-16 Alternative Mode Share Report to the City on May 31, 2016; this report shows an alternative mode split of 31.9% for the Hospitals. This mode split exceeds the Alternative Mode Share target for 2018. ANNUAL REPORT 2015-16 13 COMPLIANCE WITH DEVELOPMENT AGREEMENT OBLIGATIONS LINKAGES To further encourage use of Caltrain, bus, and other transit services, and to enhance and encourage use of pedestrian and bicycle connections between Stanford Medicine and Palo Alto, Stanford Medicine has funded or will fund the following specific infrastructure improvements. Section 5(d)(i). Intermodal Transit Fund Stanford Medicine has provided to the City one lump sum payment of $2.25 million for improvements to enhance the pedestrian and bicycle connection from the Palo Alto Intermodal Transit Center to the existing intersection of El Camino Real and Quarry Road. Up to $2 million of this amount is to be used by the City for the development of an attractive, landscaped passive park/green space with a clearly marked and lighted pedestrian pathway, benches, and flower borders. Stanford Medicine paid the entire required amount for the Intermodal Transit Fund on August 25, 2011. No further action is required by Stanford Medicine to comply with this Development Agreement provision. As required by Development Agreement Section 12(d), the City will provide yearly Supplements to the Annual Report to provide an accounting of the City’s expenditures from this fund, and the purposes for which the expenditures were used. The City is required to construct the improvements prior to issuance of the first Hospital Occupancy Permit, currently anticipated to be issued in Summer 2017. The City is moving forward with plans for these improvements, and has shared with the Stanford Medicine Parties preliminary designs for a temporary path with associated lighting, landscaping/green space, benches, and flower borders from the transit center to the existing crosswalk at the intersection of El Camino Real and Quarry Road. Available funds remaining after this work is completed may be applied to the construction of permanent improvements in the future. Section 5(d)(ii). Quarry Road Fund Stanford Medicine has provided to the City one lump sum payment of $400,000 for improvements to and within the public right-of-way to enhance the pedestrian and bicycle connection from the west side of El Camino Real to Welch Road along Quarry Road, including urban design elements and way finding, wider bicycle lanes, as necessary, on Quarry Road, enhanced transit nodes for bus and/or shuttle stops, and prominent bicycle facilities. Stanford Medicine paid the entire required amount for the Quarry Road Fund on August 25, 2011. No further action is required by Stanford Medicine to comply with this Development Agreement provision. As required by Development Agreement Section 12(d), the City will provide yearly Supplements to the Annual Report to provide an accounting of the City’s expenditures from this fund, and the purposes for which the expenditures were used. The City is required to construct the improvements prior to issuance of the first Hospital Occupancy Permit, currently anticipated to be issued in Summer 2017. The City is moving forward with plans for these improvements, and has shared with the Stanford Medicine Parties preliminary designs for bicycle enhancements along Quarry Road. COMPLIANCE WITH DEVELOPMENT AGREEMENT OBLIGATIONS 14 ANNUAL REPORT 2015-16 COMPLIANCE WITH DEVELOPMENT AGREEMENT OBLIGATIONS Section 5(d)(iii). Stanford Barn Connection Stanford Medicine will construct up to $700,000 of improvements to enhance the pedestrian connection between the Main Medical Campus and the Stanford Shopping Center from Welch Road to Vineyard Lane, in the area adjacent to the Stanford Barn. Stanford Medicine is required to construct these improvements prior to issuance of the first Hospital Occupancy permit, currently anticipated to be issued in Summer 2017. Stanford Medicine anticipates submitting its pedestrian connection design to the City for minor architectural review in 2016. INFRASTRUCTURE, SUSTAINABLE NEIGHBORHOODS AND COMMUNITIES, AND AFFORDABLE HOUSING Section 5(e). Infrastructure, Sustainable Neighborhoods and Communities, and Affordable Housing Stanford Medicine will contribute a total amount of $23.2 million toward City of Palo Alto infrastructure, sustainable neighborhoods and communities, and affordable housing. The Development Agreement requires this amount to be contributed in three equal payments. The first payment, in the amount of $7,733,333, was made on August 25, 2011; the second payment of $7,733,333 was made on December 5, 2012, following the November 2012 issuance of the first Hospital foundation permit; and the final payment is to be made within 30 days from issuance of the first Hospital occupancy permit. As required by Development Agreement Section 12(d), the City will provide yearly Supplements to the Annual Report to provide an accounting of the City’s expenditures from this fund, and the purposes for which the expenditures were used. The City will use $1,720,488 of these funds in the same manner as funds collected under the City’s housing fee ordinance. CLIMATE CHANGE Section 5(f). Climate Change Fund Stanford Medicine will contribute a total amount of $12 million toward City projects and programs for a sustainable community, including programs identified in the City’s Climate Action Plan, carbon credits, and investments in renewable energy and energy conservation. The Development Agreement requires this amount to be contributed in three equal payments. The first payment, in the amount of $4 million, was made on August 25, 2011; the second payment of $4 million was made on December 5, 2012, following the November 2012 issuance of the first Hospital foundation permit; and the final payment is to be made within 30 days from issuance of the first Hospital occupancy permit. As required by Development Agreement Section 12(d), the City will provide yearly Supplements to the Annual Report to provide an accounting of the City’s expenditures from this fund, and the purposes for which the expenditures were used. ANNUAL REPORT 2015-16 15 COMPLIANCE WITH DEVELOPMENT AGREEMENT OBLIGATIONS SATISFACTION OF CONDITIONS OF APPROVAL Stanford Medicine will satisfy all Conditions of Approval by the dates and within the time periods required by the project approvals, and has taken several steps in order to ensure that this requirement is met (Section 5(h)). The Conditions of Approval encompass conditions imposed by the Architectural Review Board, mitigation measures enumerated in the Mitigation Monitoring and Reporting Program, and conditions attached to the Conditional Use Permit. In order to implement, monitor, and report on the implementation of this diverse array of conditions, Stanford Medicine, with input from City planning staff, has created two Excel spreadsheet tracking and reporting tools. These spreadsheets serve as a centralized repository for compliance monitoring information and documentation, and are updated by the Stanford Medicine project teams on a regular basis, and reviewed by the City. COMPLIANCE WITH DEVELOPMENT AGREEMENT OBLIGATIONS 16 ANNUAL REPORT 2015-16 CONCLUSION As the Renewal Project completes its fifth year, Stanford Medicine looks forward to continued engagement with the City of Palo Alto as the project continues to forge ahead. Table 1: Development Agreement, Section 5 - SUMC Parties’ Promises 2015-16 1 SUMC Development Agreement Compliance: 2015-2016 DA Section Description Summary Activity Complies? Health Care Benefits 5(a)(ii) Fund for Healthcare Services Financial assistance for Palo Alto residents Establishment of $3M SUMC fund Yes 5(a)(iii) Fund for Community Health and Safety Programs $4M fund for selected community health programs for Palo Alto residents Payment of $4M on August 25, 2011 to establish City fund Yes Fiscal Benefits 5(b)(i), (ii) Payment of Sales and Use Taxes Activities to maximize sales and use taxes paid to the City General Fund Sales and Use Tax revenues in calendar year 2015 resulting from construction- related activities totaled approximately $884,649 based on the 2016 City Auditor’s review of the Construction Sales & Use Tax Monitoring Report submitted by SUMC on June 30, 2016. Ongoing 5(b)(iii) Funding of Operating Deficit $2.417M fund to address long- Payment of $2.417M on August Yes Table 1: Development Agreement, Section 5 - SUMC Parties’ Promises 2015-16 2 SUMC Development Agreement Compliance: 2015-2016 DA Section Description Summary Activity Complies? term deficits 25, 2011 to establish fund. (B11) 5(b)(iv) Payment of Utility Users Tax 5% tax on all electricity, gas and water charges on new construction. Utilities confirmed that billing accounts were created when new meters were set for new construction and the Utility Users Tax has been paid through the normal billing process for the Hoover Neuroscience Building. Yes 5(b)(v) School Fees Payment of PAUSD fees for net new square footage $342,617 fee paid for LPCH and NSH expansion in 2012. $7,051 fee paid for NSH and NSH Garage expansion in July 2013. $16,119 fee paid for Hoover Medical Office Building expansion in May 2014. $461.16 fee paid to account for incremental square footage for the New Stanford Hospital Garage. Yes Table 1: Development Agreement, Section 5 - SUMC Parties’ Promises 2015-16 3 SUMC Development Agreement Compliance: 2015-2016 Traffic Mitigation and Reduced Vehicle Trips DA Section Description Summary Activity Complies? 5(c)(ii) Menlo Park Traffic Mitigation $3.7M payment for traffic mitigation, infrastructure, sustainable neighborhoods, affordable housing First of three $1.23M payments made on August 19, 2011. Second payment of $1.23M made on December 5, 2012. Final Payment to be made within 30 days from issuance of the first Hospital Occupancy Permit. Yes 5(c)(iii) East Palo Alto Voluntary Mitigation $200K for Roadway and single improvements on University Ave. $200K payment made on August 19, 2011. Yes 5(c)(iv) Contributions to AC Transit U-line capital improvements, low load factor ratios, parking spaces at Ardenwood Park & Ride No activity. Payment to be made within 30 days from issuance of the first Hospital Occupancy Permit. NA Table 1: Development Agreement, Section 5 - SUMC Parties’ Promises 2015-16 4 SUMC Development Agreement Compliance: 2015-2016 DA Section Description Summary Activity Complies? 5(c)(v) Opticom Payments $11,200 payment for Opticom traffic control system at 7 intersections No activity. Payment to be made within 30 days from issuance of the first Hospital Occupancy Permit. NA 5(c)(vi) CalTrain Go Passes SUMC purchase of passes for all hospital employees working >20hrs/week Go Passes have been purchased per the Development Agreement since January 1, 2012. Yes 5(c)(vii) Marguerite Shuttle Service Purchase of additional shuttles to meet demand Purchased additional shuttle buses for the Marguerite Shuttle service which now includes five renewable diesel-electric hybrid buses and three all-electric buses. Yes Table 1: Development Agreement, Section 5 - SUMC Parties’ Promises 2015-16 5 SUMC Development Agreement Compliance: 2015-2016 DA Section Description Summary Activity Complies? 5(c)(viii) SUMC Transportation Demand Management (TDM) Coordinator SUMC hires coordinator to promote alternative transportation options TDM Coordinator was hired in March 2012. Yes 5(c)(ix) Monitoring of TDM Programs Yearly report regarding alternative transit mode use 2016 Alternative Mode Share Report indicates 31.9% of SUMC employees using alt modes. Yes Linkages 5(d)(i) Intermodal Transit Fund $2.25M payment to improve pedestrian linkages to PA Intermodal Transit Center Payment of $2.25M on August 25, 2011 to establish City fund. (C11) Yes 5(d)(ii) Quarry Road Fund $400K payment to improve pedestrian linkages along Quarry Road Payment of $400K on August 25, 2011 to establish City fund. (D11) Yes Table 1: Development Agreement, Section 5 - SUMC Parties’ Promises 2015-16 6 SUMC Development Agreement Compliance: 2015-2016 DA Section Description Summary Activity Complies? 5(d)(iii) Stanford Barn Connection SUMC budgets up to $700K for pedestrian connections in the vicinity of barn SUMC is required to construct these improvements prior to the issuance of the first Hospital Occupancy permit. NA Infrastructure, Sustainable Neighborhoods and Communities, and Affordable Housing 5(e) Infrastructure, Sustainable Neighborhoods and Communities, and Affordable Housing Fund $23.2M payment for these uses First of three $7.3M payments made on August 19, 2011. (E11) Second payment of $7.3M made on December 5, 2012. (E13) Final Payment to be made within 30 days from issuance of the first Hospital Occupancy Permit. Yes Table 1: Development Agreement, Section 5 - SUMC Parties’ Promises 2015-16 7 SUMC Development Agreement Compliance: 2015-2016 Climate Change (F11, F13) DA Section Description Summary Activity Complies? 5(f) Climate Change Fund $12M payment for climate change-related projects and programs First of three $4M payments made on August 19, 2011. (F11) Second payment of $4M made on December 5, 2012. (F13) Final Payment to be made within 30 days from issuance of the first Hospital Occupancy Permit. Yes 2015-2016 Annual Report Supplement Prepared by the City of Palo Alto July 27, 2017 Background and Purpose On June 6, 2011, the City Council approved Comprehensive Plan amendments, zoning changes, a conditional use permit, annexation and design applications for the Stanford University Medical Center Facilities Renewal and Replacement Project (the “Projects”). The Projects include the construction of a new Stanford Hospital and clinics buildings, an expansion of the Lucile Packard Children’s Hospital, construction of new School of Medicine buildings, renovation of the existing Hoover Pavilion, construction of a new medical office building and parking garage at Hoover Pavilion, roadway improvements along Welch Road and Durand Way, and SUMC design guidelines. A Development Agreement (the “Agreement”) vesting these approvals was entered into between the SUMC Parties and the City and was effective on June 6, 2011 and continues for thirty (30) years from the effective date. The Agreement requires an annual report, prepared by SUMC that outlines the activities of the preceding year and the efforts to fulfill the obligations of the Agreement. Per the requirements of sections 12(a) and 12(c) of the Agreement, The City of Palo Alto is to prepare a supplement to the annual report that contains an accounting of the funds described in the Section 5 of the Agreement (“SUMC Parties’ Promises”) including the fund balances and expenditures and the purposes for which the expenditures were used. This annual report supplement covers the period during the fifth year of the Agreement: June 6, 2015 through June 6, 2016. Accounting for the funds outlined in the attachment extends through the end of the City’s Fiscal Year 2016, June 30, 2016. Public Benefit Fund Accounting Attachment A to this Supplement contains a spreadsheet showing the funds received and the use of those funds pursuant to the Agreement as of June 30, 2016. In summary, the SUMC Parties have paid approximately $32.5 million in public benefit fees to the City. The first payment of $20,800,333 on August 11, 2011 was for the following funds:  Fund for Community Health and Safety, Project Safety Net (Section 5(a)(iii));  Fund for SUMC Project Operating Deficit (Section 5(b)(iii));  Fund for Pedestrian and Bicycle Connections from Intermodal Transit Center to El Camino Real/Quarry Road Intersection (Section 5(d)(i));  Fund for Public Right of Way Improvements to Enhance Pedestrian and Bicycle Connections on Quarry Road (Section 5(d)(ii));  Fund for Infrastructure, Sustainable Neighborhoods and Communities and Affordable Housing (Section 5(e)), and  Fund for Sustainable Programs Benefit (Section 5(f)(i)) An additional $11,733,333 payment was made on December 5, 2012 for the following funds: • Fund for Infrastructure, Sustainable Neighborhoods and Communities and Affordable Housing (Section 5(e)), and • Fund for Sustainable Programs Benefit (Section 5(f)(i)) The specific funding amounts as shown on Attachment A are consistent with Section 5 of the Agreement. These funds have been assigned a unique cost center number for accounting purposes. Attachment A to this Supplement also contains the investment earnings and the earnings allocation to the various cost centers. Public Benefit Fund Expenditures Expenditures and other activity occurred in the following funds in Fiscal Year 2015-2016 through June 30, 2016: Fund for Quarry Road Improvements and Fund for Intermodal Transit: $92,004.00 from the Fund for Quarry Road Improvements was utilized for the design, permitting, and design support during construction phases for the following two projects described in Development Agreement Section 5(d)(i) and (ii):  Improvements to and within the public right of way to enhance the pedestrian and bicycle connection from the west side of El Camino Real to Welch Road, including urban design elements and way finding, wider bicycle lanes, as necessary on Quarry Road, enhanced transit nodes for bus and/or shuttle stops, and prominent bicycle facilities; and  Improvements to Enhance the Pedestrian and Bicycle Connection from the Palo Alto Intermodal Transit Center to the existing intersection at El Camino Real and Quarry Road, including development of an attractive, landscaped passive park/green space with a clearly marked and lighted pedestrian pathway, benches and flower borders. There were no expenditures from the Fund for Intermodal Transit during FY 2015-2016. However, on June 20, 2016 (ID 6838) Council approved concept plans and authorized staff to proceed with final construction documents for both the Quarry Road Improvements (estimated at $400,000) and a Temporary Park Connection (estimated at $350,000). Associated expenditures for both the Fund for Quarry Road Improvements and the Fund for Intermodal Transit will be shown in the FY 2016-2017 reporting period. Fund for Infrastructure and Affordable Housing: $1,100,000 was utilized for the New Public Safety Building capital project. Additional activity included:  In August 2016, $720,220 was transferred from the Residential Affordable Housing Fund to the SUMC Fund for Infrastructure and Affordable Housing, where the funds originated. Previously in April 2014, the Palo Alto Housing Corporation (PAHC) returned $720,220 for the Maybell affordable housing project that was overturned by voters and that amount was placed into the Residential Affordable Housing Fund.  In August 2016, $1,720,488 was transferred out of the SUMC Fund for Infrastructure and Affordable Housing into the Commercial Housing Fund in order to satisfy the provision in the Development Agreement that the funds shall be used in the same manner as funds collected by the City pursuant to its housing fee ordinance. The $1,720,488 will remain in the Commercial Affordable Housing Fund until an appropriate affordable housing project is identified and the funds are approved by the City Council for use on the project. SUMC Fund (260) Housing Comm Fund (234) Housing Res Fund (233) Transfer from Housing Res Fund 233 to SUMC Fund 260 Transfer In $ 720,220 Transfer out ($ 720,220) Transfer from SUMC fund 260 to Housing Comm Fund 234 Transfer out ($1,720,488) Transfer In $1,720,488 Fund for Community Health and Safety, Project Safety Net: $1,074,011.98 was utilized for Project Safety Net and funding for railroad track security guards, fencing and vegetation removal, and intrusion detection cameras. The Project Safety Net program is specifically identified in the Agreement as a community health program that would be an appropriate program for the use of this fund. Fund for Expansion Cost Mitigation and Climate Change & Sustainability: $1,200,000 was transferred for the implementation of the Bicycle & Pedestrian Transportation Plan. ATTACHMENT C City of Palo Alto Stanford Medical Center Development Agreement (Fund 260) Jul 2015 - June 2016, AUDITED BALANCES Expansion Cost Intermodal Transit Mitigation cost centers 26000000 60260010 Beginning Balances, 7/1/2015 206,365.48 2,088,059.62 Adjustments made in FY 2016 Allocated Investment Earnings 77,603.48 (5.49) Operating Transfers in FY 2014 1,200,000.00 Operating Transfers in FY 2015 1,200,000.00 Adjusted Beginning Balances, 7/1/2015 2,683,968.96 2,088,054.14 Revenues: Revenues From Stanford - - Transfer from Housing Residential (repayment of 2014 advances for Maybell) Investment Earnings 851,552.00 Allocate to categories (851,552.00) Allocated Investment Earnings 90,368.72 70,304.39 Total Revenues 90,368.72 70,304.39 Expenditures: Temp Salaries/Benefits Contract Services Other expenses Interdepartmental Service Charges Transfer to Housing Commercial (Dev Impact Fee portion of SUMC Agreement) Transfer to Capital Projects Total Expenditures - - FY 2016 Revenues less Exp 90,368.72 70,304.39 Net total 6/30/2016, Audited Balances 2,774,337.68 2,158,358.52 Less: Unrealized Gain/Loss, 6/30/16 (52,490.78) (40,836.39) Reserve for Encumbrances, 6/30/2016 (ZFIR44)- - Interest Receivable, 6/30/16 (13,235.58) (10,296.92) Net total available 6/30/2016 (Audited Balances)2,708,611.32 2,107,225.22 Future Revenues from Stanford: Estimated January 2018-1st hospital occupancy permit Quarry Road Infrastructure &Climate Change Community Total FY 2016 FY 2016 Improvements Afford Housing & Sustainability Health & Safety Actuals Budget 60260020 60260030 60260040 80260010 444,183.04 14,699,225.06 8,611,415.17 3,708,298.17 29,757,546.54 (1.17) (38.62) (77,629.86) 71.65 - (1,200,000.00) - (1,200,000.00) - 444,181.87 14,699,186.44 6,133,785.31 3,708,369.82 29,757,546.54 - - - - - 720,220.00 720,220.00 851,552.00 662,800.00 (851,552.00) 11,857.76 424,203.19 166,119.61 88,698.33 851,552.00 - 11,857.76 1,144,423.19 166,119.61 88,698.33 1,571,772.00 662,800.00 (109,036.93) (109,036.93) (112,355.98) (952,956.39) (952,956.39) (1,199,790.50) (6,598.66) (6,598.66) (5,400.00) (5,420.00) (5,420.00) (226.00) (1,720,488.00) (1,720,488.00) (92,004.00) (1,100,000.00) (1,200,000.00) (2,392,004.00) (2,392,004.00) (92,004.00) (2,820,488.00) (1,200,000.00) (1,074,011.98) (5,186,503.98) (3,709,776.48) (80,146.24) (1,676,064.81) (1,033,880.39) (985,313.65) (3,614,731.98) (3,046,976.48) 364,035.63 13,023,121.63 5,099,904.92 2,723,056.17 26,142,814.56 (6,887.60) (246,398.93) (96,490.78) (51,520.53) (494,625.00) - - - (782.00) (782.00) (1,736.71) (62,129.64) (24,330.21) (12,990.93) (124,720.00) - 355,411.33 12,714,593.06 4,979,083.94 2,657,762.70 25,522,687.56 7,733,333.00 4,000,000.00