” … PBC has planned 90 lots to meet the relative market of Pebble Beach and the Del Monte Forest without any onsite inclusionary housing units.”
…increased density in the development areas would upset planning, environmental, and market objectives. Lot sizes were selected to maintain consistency with the neighborhood standards and expectations…”
” … as an economic necessity (at least in part), PBC does not have a feasible option for providing “on-site” inclusionary units in Del Monte Forest.”
” … The size, design, and configuration of the 90 lots were consciously chosen by PBC to satisfy important criteria. While one may posit that additional units could be placed within the development areas to provide onsite inclusionary units, in reality increased density in the development areas would upset planning, environmental, and market objectives. Lot sizes were selected to maintain consistency with the neighborhood standards and expectations (these lots are largely infill in existing neighborhoods or golf courses.). Larger lots allow greater flexibility to work around sensitive environmental resources. Finally, the lot sizes and configurations are deemed necessary in PBC’s judgement to meet market conditions and buyers’ expectations in purchasing Del Monte Forest residential real estate, thus satisfying both marketability and value goals of PBC.” (Italics added)
The above quotes are excerpted from Pebble Beach Company in lieu fee proposal, February 24 , 2012. To view full text of in lieu fee proposal, click here.