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HomeMy WebLinkAboutStaff Report 6358 City of Palo Alto (ID # 6358) City Council Staff Report Report Type: Consent Calendar Meeting Date: 4/4/2016 City of Palo Alto Page 1 Summary Title: SUMC Annual Report Title: Stanford University Medical Center Annual Report and Compliance with the Development Agreement From: City Manager Lead Department: Planning and Community Environment Recommendation Staff recommends that the City Council: 1. Find that the Stanford University Medical Center (SUMC) 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 for the 2014- 2015 reporting period; 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 Accounting Report 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 2014-2015 period summarizing construction activities and other actions taken to fulfill the obligations of the Agreement. Of particular note, the SUMC has achieved a 36.3% alternative transportation mode split which exceeds the Alternative Mode Share target of 35.1% for 2025. Also, as described in the supplement to the annual report, 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 2013-2014 monitoring period, the City Council reviewed and approved the revised Infrastructure project funding proposal allocating future use of the SUMC Infrastructure and Sustainability funds to a prioritized list of projects. City of Palo Alto Page 2 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 2014-2015, the fourth year of the Agreement. Discussion As described in 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 2014-15 Annual Report (Annual Report) dated July 6, 2015 (Attachment A) from SUMC describes the SUMC Parties’ activities related to implementation of the Agreement. Construction Activities Construction activities in past 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 project was considered to be complete in 2013. Two-way automobile traffic currently operates on Welch Road. Construction activities during this period included:  Hoover Medical Office Building “Neuroscience Health Center” - Construction is nearing completion for the new medical building, located adjacent to Quarry Road, and the City of Palo Alto electrical sub-station. Grading and excavation permits were issued in March 2014, followed by the core and shell building permit in May 2014. The new Neuroscience Health Center is targeted for completion in the Fall of 2015. City of Palo Alto Page 3  Lucile Packard Children’s Hospital- Construction of the hospital expansion is underway and significant construction progress has been made including completion of deck placement, installation of precast concrete panels on the building exterior and construction of a tunnel connector from the new Hospital to the existing Hospital is almost complete.  New Stanford Hospital (NSH) - Substantial project progress has been made since the 2013 issuance of the Office of Statewide Health Planning & Development (OSHPD) foundation permit and core and shell permit for the NSH and the City’s issuance of the building permit for the New Stanford Hospital Garage. The steel superstructure for the hospital is now in place, mechanical, electrical and plumbing work is now underway, and construction of the exterior building enclosure has begun. The adjacent New Stanford Hospital Garage exterior façade installation is underway and a temporary Certificate of Occupancy was issued to allow for contractor parking during construction.  School of Medicine Building- This project involves the replacement of the Stanford University School of Medicine building with new state-of-the-art facilities. The School of Medicine development is not yet underway. No new square footage has been constructed during this reporting period. Approximately 133,731 square feet of floor area has been demolished on the main and children’s hospital sites, as well as the Hoover Pavilion site. 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 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;  Pedestrian, Bicycle and Automobile Linkages;  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: City of Palo Alto Page 4  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 36.3% alternative transportation mode split during this reporting year for the hospital employees, meaning 36.3% of employees are using alternative modes to get to work rather than driving alone. This figure increased and employs the new calculation methodology implemented in the last monitoring period. The new weighted survey analysis methodology is more accurate and intended to be more representative of the general Hospital employee population. The past year’s mode split were recalculated using the new methodology and is shown in the table below. Year Past Methodology New Methodology 2012 39% 32.5% 2013 40.9% 33.4% 2014 N/A 34.4% 2015 N/A 36.3% The 36.3% mode split exceeds the Alternative mode share targets for 2018, 2021, and 2025. The SUMC Parties and City staff will continue to monitor the TDM program throughout the term of the Agreement and will report annually to the 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 Section 12(d) of the Agreement. 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 $566,862. The SUMC Parties will pay an additional $11.7M upon issuance of the first hospital occupancy permit, expected in early 2018. During the reporting period, the City has committed funds for the following: City of Palo Alto Page 5  $392,798 under the “Community Health & Safety” cost center for the Project Safety Net Program. 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. Funds spent during the reporting period were allocated to salaries/benefits for Project Safety Net staff and other expenses relating to the operation of the program.  $1.2 million was reported committed during the last monitoring period under the “Expansion Cost Mitigation” cost center for City Capital Projects, specifically the implementation of the Bicycle & Pedestrian Transportation Plan which is included on the approved prioritized list of infrastructure projects. These funds were supposed to be under the “Climate Change and Sustainability cost center and both the “Expansion Cost Mitigation” and the Climate Change and Sustainability cost centers were adjusted accordingly for this monitoring period. General Fund Sales and Use Tax revenues in calendar year 2014 resulting from construction- related activities totaled approximately $568,755 based on the City Auditor’s review of the Construction Sales & Use Tax Monitoring Report submitted by SUMC on June 30, 2015. The City Auditor submitted a letter to SUMC (Attachment D) noting a discrepancy of $36,295 in the Construction Sales & Use Tax Monitoring report, meaning SUMC reported $605,050 General Fund Sales and Tax revenues in calendar year 2014 resulting from construction related activities. The discrepancy mainly stems from taxes from calendar year 2013 reported in calendar year 2014 and jurisdiction coding issues. The City will be working with SUMC to resolve the discrepancy. Total General Fund Sales and Use Tax revenues from 2011 to 2014 now total $1,054,192. Future Use of Development Agreement Funds On June 9, 2014 (ID#4889), Council reviewed and approved the revised Infrastructure project funding proposal allocating future use of the SUMC Infrastructure and Sustainability funds to a prioritized list of projects including, but are not limited to, implementation of the Bicycle/Pedestrian Transportation Plan, construction of the Public Safety Building, construction of additional parking garages in the University Ave/Downtown and Cal Ave areas, Fire Stations and Parks improvements. In addition to funds being appropriated from the Stanford Sustainability account for the Bicycle and Pedestrian Bicycle Plan, funds have been and will be requested for the design of a fire station replacement and for preliminary design for a new Public Safety Building. These drawdowns from the Stanford Infrastructure Funds are reflected in the City’s FY 2016 Adopted Capital Budget. During FY2015, use of Health and Safety Funds allocated to Project Safety Net has been primarily focused on means restriction efforts along the rail corridor, including track security, vegetation removal and the installation of higher fencing along the eastern side of the corridor. In January, 2016, a new Executive Director for Project Safety Net collaborative was hired. Her primary focus in the near term will be working with the Center for Disease Control on the Epi Aid investigation into the teen suicide cluster in Palo Alto and working with collaborative leadership to set up the needed infrastructure to implement a collective impact approach to addressing suicide prevention and youth wellbeing City of Palo Alto Page 6 efforts in Palo Alto. Resource Impact There are no negative impacts from the Agreement that affect the City’s General Fund. As summarized above, the City has received approximately $35.1M in public benefit payments, interest and unrealized gains and approximately $1,054,192 in construction sales taxes since the start of the project based on the City Auditor’s review of the Construction Sales & Use Tax Monitoring Report submitted by SUMC on June 30, 2015. 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 project was prepared and certified by the City Council prior to approval of the Development Agreement. Attachments:  Attachment A: 2014-15 SUMC Annual Report (PDF)  Attachment B: Table 1 - Development Agreement, Section 5 (PDF)  Attachment C: SUMC Annual Report Supplement FY2015 (PDF) ( ( { ( l ( { ( ( ( ( ( ( t ( { ( ( ( ( ( ( ( ( ~ l 2014-15 ANNUAL REPORT PREPARED FOR THE CITY OF PALO ALTO I JULY 6, 2015 Received JUL 0 6 2015 Department of Planning & Community Environment ATTACHMENT A ( ( ( ( ( c l ( ' ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( { ( ( ( ( ( ( (- ( ( ( { CONTENTS EXECUTIVE SUMMARY BACKGROUND AND PURPOSE 2 2014-2015 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 l 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 OFTDM 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 13 ( INFRASTRUCTURE, SUSTAINABLE NEIGHBORHOOD S AND COMMUNITIES, AND AFFORDABLE HOUSING 14 ( SECTION 5(e). 14 ( CLIMATE CHANGE 14 ( SECTION 5(f). CLIMATE CHANGE FUND 14 ( ( SATISFACTION OF COND ITIONS OF APPROVAL 14 ( CONCLUSION 15 ( ( ( ( l ( I ( I ( I i I ( ( ( -( ~ . ( ( . ( ( ( (' ( ( ( I ( I ( I ( . ( l ( . ( ( ( ( ( ( ( ( ( ( ( I ( t - ~ ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( t ( ( ( ( ( ( l EXECUTIVE SUMMARY On June 6, 2011 , the Stanford University Medical Center-comprised of Stanford Hospital and Clinics, 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 SUMC Project facilities in accordance with the approvals granted by the City, and a streamlined process for obtaining subsequent project approvals. The SUMC Renewal and Replacement Project ("Renewal Project")-driven by a growing demand for healthcare services, state-mandated seismic safety req uirements, and the need to rep lace outmoded facilities with modern , technologically advanced spaces-holds the potential to transform the way that healthcare is delivered and research is condu cted. Today, four years after the execution of the Development Agreement, SUMC Renewal Project activities are well underway. The New Stanford Hospital and the Lucile Packard Children's Hospital expansion are beginning to take shape, with steel erection complete and exterior cladding installation underway on both structures. Meanwhile, on the Hoover Pavilion site, construction of a new Neuroscience Health Center is nearing completion, adjacent to the new parking structure and renovated Pavilion. Against this backdrop, SUMC 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 University Medical Center and the broader community ANNUAL REPORT 2014-15 BACKGROUND AND PURPOSE The Palo Alto City Council's unanimous approval of the entitlements for the Stanford University Medical Center Renewal and Replacement Project in July 2011 has paved the way for a historic investment in new and replacement facilities at SUMC. 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, SUMC 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 SUMC'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 SUMC 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 th e 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 SUMC has taken to comply with the obligations listed in the Development Agreement. With this report, SUMC fulfi lls these requ irements. Within 45 days of receipt of this Annual Report, the City wi ll 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. 2 ANNUAl REPORT 2014-15 ( ( ( ( ( ( ( ( ( ( ( ( ( ( { ( ( ( ( ( ( ( ( ( ( ( ( { ( ( { (:- ~ { l ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ~ ( ( ( ( 2014-2015 SU MMARY OF PRO GRESS The Renewal Project continues to progress , with construction activities for both Hospitals now well underway. In the section to fo llow, SUMC 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 Fa ll 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. Currently, construction of a new Neuroscience Health Center is nearing completion on the Hoover site, on Quarry Road immed iately west of the Hoover Pavilion , and northwest of the parking garage. When complete, the Neuroscience Health Center will provide specialized outpatient services for people with Alzheimer's, Parkinson's disease, brain tumors, multiple sclerosis, stroke and other neurological disorders. Construction has progressed swiftly over the past year-the exterior envelope is now nearly complete, and interior finishes are underway. Site work is in progress as well-and when complete will feature new landscaped spaces, including a wildflower knoll. The new Neuroscience Health Center is targeted for completion in Fall 2015. ANNUAl REPORT 2014-15 3 2014-2015 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 Chi ldren'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 li ght 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-steel erection and deck placement are now complete, and interior rough-ins are underway, along with the installation of precast concrete panels on the building exterior. Meanwhile, site utilities work and the construction of a tunnel connector from the new Hospital to the existing Hospital have been in progress and are now nearing completion . 4 ANNUAl REPORT 2014-15 ( ( ( ( ( ( ( ( ( ( ( ( t ( ( ( { ( ( t ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( I ( ( { ( ( ( ( ( ( \ ( ( ( ( { ( ( ( ( ( ( l (_ ( ( { ( 2014-2015 SUMMARY OF PROGRESS NEW STANFORD HOSPITAL Stanford Hospital and Clinics is constructing new and replacement hospital facilities that will usher in a new era of advanced patient ca re. Growth in patient volumes and rapidly changing medical technology have rendered much of the existing midcentury hospital infrastructure inadequate, whi le new seismic safety requirements have accelerated the need to construct rep lacement facilities. The New Stanford Hospital will substantially increase capacity, and will also address a rapidly advancin g medical landscape. High-tech spaces such as Surgery, Radiology, and Intensive Care wi ll be replaced to accommodate the latest advances in medical technology, while still retaining the flexibility to adapt to fu tu re innovations. Facilities wil l 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 res ponsive to the needs of patients, visitors, and staff. Upper-level pavilions wi ll 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 steel superstructure for the Hospital is now in place; mechanical, electrical and plumbing rough -ins are underway; and preparation for the exterior building enclosure has begun. Meanwhile, at the adjacent New Stanford Hospital Garage, exterior fac;:ade installation is underway and a temporary Certificate of Occupancy has been issued to allow for contractor parking while construction continues. ANNUAL REPORT 2014-15 5 2014-2015 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-l ined 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 va let 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, 1 00) Total (40, 1 00) 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 ) Total (13,831) 6 ANNUAL REPORT 2014-15 ( ( ( ( ( ( ( ( { ( ( { ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( t t , ( l ( ' ( \ ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( \ ( ( ( l ( ( ( ( ( ( l COMPLIANCE WITH DEVELOPMENT AGREEMENT OBLIGATIONS This section of the Annual Report summarizes the steps that SUMC has taken to comply with their obligations in Section 5 of the Development Agreement. HEALTH CARE BENEFITS SUMC 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 SUMC to continue its important work, and the addition of more beds for adults and ch ildren 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 wi ll 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 SUMC 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 SUMC 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. SUMC provided the entire required contribution to the Community Health and Safety Program Fund on August 25, 2011 . No further action is required by the SUMC 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. ANNUAL REPORT 2014-15 7 COMPLIANCE WITH DEVELOPMENT AGREEMENT OBLIGATIONS PALO ALTO FISCAL BENEFITS The SUMC 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 mecha- nisms 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 SUMC 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, the SUMC submitted its annual Construction Sales and Use Tax monitoring report to the City on June 30 , 2015. The SUMC 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, the SUMC 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, SUMC has taken the fo llowing steps to maximize the City's allocation of sa les and use taxes associated with Project construction and operation. Documentation of each of these items is included in the 2014 construction use tax monitoring report already submitted. 8 ·The SUMC 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 2014 monitoring report. • SUMC 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 • SUMC has designated and required all contractors and subcontractors to designate the project site as the place of use of all materials used in the co nstruction of the project • SUMC has required all contractors and subcontractors to allocate the loca l sales and use taxes derived from their contracts directly to the city. SUMC 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, SUMC 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 ANNUAL REPORT 2014-15 ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( { ( ( ( ( l ( ( ( ( ( l ( t ( ( l \ ( l ( t ( ( ( ( ( ( ( ~ ( ( \ ( ( ( ( ( ( ( ( ( ( COMPLIANCE WITH DEVELOPMENT AGREEMENT OBLIGATIONS 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, SUMC has provided to the City a single lump sum payment in the amount of $2,4 17,000. This payment was made on August 25, 2011 . No further action is required by the SUMC to comply with this Development Agreement provision . Section 5(b)(iv). Payment of Utility User Tax SUMC 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 .1 OO(b) of the Municipal Code. The 5 percent utility user tax is currently being paid by SUMC. Section 5(b)(v). School Fees SUMC 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 Ag reement 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. ANNUAL REPORT 2014-15 9 COMPLIANCE WITH DEVELOPMENT AGREEMENT OBLIGATIONS TRAFFIC MITIGATION AND REDUCED VEHICLE TRIPS SUMC has taken a number of steps to mitigate the potential traffic impacts projected at full project buildout Already, SUMC 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, SUMC wi ll take the following actions outlined below. Section 5(c)(ii). Menlo Park Traffic Mitigation SUMC 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 Section 5(c)(iii). East Palo Alto Voluntary Mitigation SUMC 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 req uired by the SUMC to comply with this Development Agreement provision. In the event that the SUMC 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 SUMC 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, as of May 2014, a 1 00-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. 10 ANNUAl REPORT 2014-15 ( ( ( ( - ( ( ( ( ( ( ( ( ( \ ( ( ( ( ( ( ( ( ( ( ( ( ( ~ ( ( ( ( ( ( ( ( ( ( ( ~ ( 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 Ca ltrain 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 emp loyees commencing on January 1, 2012 . Further details regarding the GO Pass purchase can be found in the SUMC Alternative Mode Share report, which was submitted to the City on May 29 , 2015. 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 lntermodal 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 two additional shuttles to meet this increased demand. Section 5(c){viii). Transportation Demand Management Coordinator The Development Agreement requires that the Hospitals employ an on site qualified Transportation Demand Management (TOM) Coordinator for SUMC, 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 TOM Coordinator. This position was fi lled in March 2012, and the TOM Coordinator has been working to raise awareness among SUMC commuters about alternative transportation options and commute incentive programs. This individual is also responsible for providing alternative commute planning assistance and responses to customer inquiries, writing and editing electronic and print communications, and coordinating and staffing outreach events, such as free transit pass distributions and employee fairs; and providing alternative transportation information at new employee orientations when requested. ANNUAL REPORT 2014-15 11 COMPLIANCE WITH DEVELOPMENT AGREEMENT OBLIGATIONS Section S(c)(ix). Monitoring of TOM 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. SUMC submitted its 2015 Alternative Mode Share Report to the City on May 29, 2015; this report shows an alternative mode split of 36.3% for the Hospitals. This mode split exceeds the Alternative Mode Share targets for 2018, 2021 , and 2025. 12 ANNUAL REPORT 2014-15 ( ( ( ( ( ( ( ( ( ~ ( { ( ( ( ( t ( ( \ ( ( ( { ( \ l ( t ( ( ( { ( ( ( ( ( ( ( ( ( ( ( ( ( { ( ( ( ( ( ( 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 SUMC and Palo Alto, SUMC has funded or will fund the following specific infrastructure improvements Section 5(d)(i). lntermodal Transit Fund SUMC 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 lntermodal 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. SUMC paid the entire required amount for the lntermodal Transit Fund on August 25, 2011. No further action is required by the SUMC 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 expend itures 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 . Section S(d)(ii). Quarry Road Fund SUMC 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 Rea l 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. SUMC paid the entire required amount for the Quarry Road Fund on August 25, 2011 . No further action is required by the SUMC to comply with this Development Agreement provision. As required by Development Agreement Section 12(d), the City wi ll provide yearly Supplements to the Annual Report to provide an accounting of the City's expenditu res 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. Section 5(d)(iii). Stanford Barn Connection SUMC will construct up to $700,000 of improvements to enhance the pedestrian connection between SUMC and the Stanford Shopping Center from Welch Road to Vineyard Lane, in the area adjacent to the Stanford Barn. The SUMC is req uired to construct these improvements prior to issuance of the first Hospital Occupancy permit, currently anticipated to be issued in Summer 201 7. SUMC has developed a design for the pedestrian connection improvements, is incorporating preliminary City staff comments, and plans to submit to the City for minor architectural review in late 2015. ANNUAL REPORT 2014-15 13 COMPLIANCE WITH DEVELOPMENT AGREEMENT OBLIGATIONS INFRASTRUCTURE, SUSTAINABLE NEIGHBORHOODS AND COMMUNITIES, AND AFFORDABLE HOUSING Section 5(e). Infrastructure, Sustainable Neighborhoods and Communities, and Affordable Housing SUMC 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 SUMC wil l 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 wil l 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. SATISFACTION OF CONDITIONS OF APPROVAL SUMC 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, SUMC , 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 SUMC project teams on a regular basis , and reviewed by the City. 14 ANNUAL REPORT 2014-15 ( ( ( ( ( ( ( ( ( ( ( ( ~ ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( c· ( -' \. ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( { ( ( ( ( . ( ( ( ( ( ( ( ( t ( ( ( ( l ( .( ( ( ( ~ CONCLUSION As the Renewal Project completes its fourth year, SUMC looks forward to continued engagement with the City of Palo Alto as the project continues to forge ahead. ANNUAL REPORT 2014-15 15 (''' I •, (' ( ' (1 ( ,; c:: ( . (, ( ( (_. ( ', / ~ .' ( ' ' c ( ( I ( ( c) (~ (I ( .. {_l ( Table 1: Development Agreement, Section 5 ‐ SUMC Parties’ Promises  φτυψ‐υω  υ SUMC Development Agreement Compliance: 2014‐2015 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 8/25/11 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 2013  resulting from construction  related activities were  approximately $413,713 based  on the 2014 City Auditor’s  review of the Construction Sales  & Use Tax Monitoring Report  submitted by SUMC on June 30,  2014.  Ongoing  ATTACHMENT B Table 1: Development Agreement, Section 5 ‐ SUMC Parties’ Promises  φτυψ‐υω    φ SUMC Development Agreement Compliance: 2014‐2015   DA Section Description Summary Activity Complies? 5(b)(iii) Funding of Operating Deficit $2.417M fund to address long‐ term deficits    Payment of $2.417M on  8/25/11 to establish fund.  (B11)   Yes  5(b)(iv) Payment of Utility Users Tax    5% tax on all electricity, gas and  water charges on new  construction.    No new construction  completed; tax is not applicable  at this time.  NA  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.    Yes     Table 1: Development Agreement, Section 5 ‐ SUMC Parties’ Promises  φτυψ‐υω    χ SUMC Development Agreement Compliance: 2014‐2015   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 8/19/11. Second  payment of $1.23M made on  12/5/12.  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  φτυψ‐υω    ψ SUMC Development Agreement Compliance: 2014‐2015   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 DA.  (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.  Plans to add up to 20  additional all electric buses over  the next two years.    Yes     Table 1: Development Agreement, Section 5 ‐ SUMC Parties’ Promises  φτυψ‐υω    ω SUMC Development Agreement Compliance: 2014‐2015   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 has been  hired. (March 2012) Yes  5(c)(ix) Monitoring of TDM Programs Yearly report regarding  alternative transit mode use    2015 Alternative Mode Share  Report submitted on May 29,  2015 indicates 36.3% 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 8/25/11  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 8/25/11  to establish City fund. (D11) Yes     Table 1: Development Agreement, Section 5 ‐ SUMC Parties’ Promises  φτυψ‐υω    ϊ SUMC Development Agreement Compliance: 2014‐2015   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 has developed a design  for the pedestrian connection  improvements, is incorporating  preliminary City staff comments,  and plans to submit to the City  for minor architectural review in  late 2015.  SUMC is required to  construct these improvements  prior to 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 8/19/11. (E11) Second  payment of $7.3M made on  12/5/12. (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  φτυψ‐υω    ϋ SUMC Development Agreement Compliance: 2014‐2015   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 8/19/11. (F11) Second  payment of $4M made on  12/5/12. (F13) Final Payment to  be made within 30 days from  issuance of the first Hospital  Occupancy Permit.    Yes    2014‐15 Annual Report Supplement  Prepared by the City of Palo Alto  March 1, 2016  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 fourth year of the Agreement: June 6, 2015  through June 6, 2015. Accounting for the funds outlined in the attachment extends through the end of  the City’s Fiscal Year 2015, June 30, 2015.  Public Benefit Fund Accounting  Attachment A to this report contains a spreadsheet of the funds received and the use of those funds  pursuant to the Agreement as of June 30, 2015. In summary, SUMC 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)); ATTACHMENT C 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 the spreadsheet are consistent with Section 5 of the  Agreement. These funds have been assigned a unique cost center number for accounting purposes. The  spreadsheet also contains the investment earnings and the earnings allocation to the various cost  centers.  Public Benefit Fund Expenditures  Expenditures during FY 15 through June 30, 2015, as shown on the spreadsheet, were made from the  following funds:  Fund for Community Health and Safety, Project Safety Net:  $392,798.21 was utilized for the Project  Safety Net program which is specifically identified in the Agreement as a community health program  that would be an appropriate program for the use of this fund. Funds spent during the reporting period were mainly allocated to salaries/benefits for Project Safety Net staff and restriction efforts along the rail corridor, including track security, vegetation removal and the installation of higher fencing along the eastern side of the corridor. Fund for Expansion Cost Mitigation and Climate Change & Sustainability:   The FY2014 Annual Report  Supplement indicated that $1.2 million was committed for the implementation of the Bicycle &  Pedestrian Transportation Plan under the “Expansion Cost Mitigation” cost center for City Capital  Projects.  Upon further review, the $1.2 million committed should be under the “Climate Change  & Sustainability” cost center.  The necessary adjustments were made to rectify the accounting  of the funds as shown on the attached spreadsheet.   No other expenditures were made during the reporting period from the other funds as part of the  Agreement.  ATTACHMENT A City of Palo Alto Stanford Medical Center Development Agreement (Fund 260) Jul 2014 ‐ June 2015, Final Balances Expansion Cost Intermodal Transit Quarry Road Infrastructure & Climate Change Community Total FY 2015 FY 2015 Mitigation Improvements Afford Housing & Sustainability Health & Safety Actuals Budget cost centers 26000000 60260010 60260020 60260030 60260040 80260010 Beginning Balance 07/01/14 1,402,434.35     2,048,283.44         435,721.64       14,419,214.33   8,447,373.28      4,030,455.70   30,783,482.75 Revenues: Revenues From Stanford ‐‐‐‐‐‐‐ Transfer from HIL‐Residential ‐‐‐ Interdepartment Service ‐‐‐ Investment Earnings 566,862.00         566,862.00      646,200.00         Allocate to categories (566,862.00)       (566,862.00)     Allocated Investment Earnings 3,931.13             39,776.18              8,461.40           280,010.72        164,041.88         70,640.68         566,862.00      ‐    Total Revenues 3,931.13             39,776.18              8,461.40           280,010.72        164,041.88         70,640.68         566,862.00      646,200.00         Expenditures: Temp Salaries/Benefits (25,806.43)       (25,806.43)       (29,395.70)          Contract Services (356,910.01)     (356,910.01)    (392,373.12)        Other expenses (10,081.77)       (10,081.77)       (15,000.00)          Transfer to Capital Projects (1,200,000.00)    (1,200,000.00) (1,200,000.00)       Total Expenditures (1,200,000.00)    ‐‐‐‐(392,798.21)     (1,592,798.21) (1,636,768.82)       FY 2015 Revenues less Exp (1,196,068.87)    39,776.18              8,461.40           280,010.72        164,041.88         (322,157.53)     (1,025,936.21) (990,568.82)           Net total 6/30/2015, as previously reported 206,365.48         2,088,059.62         444,183.04       14,699,225.06   8,611,415.17      3,708,298.17   29,757,546.54 Adjustments made in FY 2016 Allocated Investment Earnings 77,603.48           (5.49) (1.17) (38.62) (77,629.86)          71.65 ‐ Operating Transfers in FY 2014 1,200,000.00     (1,200,000.00)     ‐ Operating Transfers in FY 2015 1,200,000.00     (1,200,000.00)     ‐    Adjusted Net total 6/30/2015, as restated 2,683,968.96     2,088,054.14         444,181.87       14,699,186.44   6,133,785.31      3,708,369.82   29,757,546.54 Less: Unrealized Gain/Loss, 6/30/15 (16,055.53)         (12,490.76)             (2,657.10)          (87,930.71)         (36,692.38)          (22,183.51)       (178,010.00)                Reserve for Encumbrances, 6/30/2015 ‐‐‐‐‐(31,090.00)       (31,090.00)                   Interest Receivable, 6/30/15 (11,788.97)         (9,171.50)               (1,951.01)          (64,564.19)         (26,941.82)          (16,288.51)       (130,706.00)     Net total available  6/30/2015, as restated 2,656,124.45     2,066,391.88         439,573.76       14,546,691.54   6,070,151.11      3,638,807.79   29,417,740.54 Future Revenues from Stanford: Estimated January 2018‐1st hospital 7,733,333.00     4,000,000.00       occupancy permit