Bay Area City Issues Emergency Development Fee Deferrals

Bisnow/Allison Nagel
Vallejo, A Bay Area City Located North Of San Francisco, Has Several Designated Opportunity Zones.

The Vallejo City Council has approved an emergency resolution deferring fees for certain developments.

The order grants Vallejo City Manager Greg Nyhoff the discretion to defer the payment of city development impact fees and water fees. It also suspends rents on city-owned properties until Dec. 31, 2020, according to a staff report recommending adoption of the measure.

The North Bay city has been attempting to drum up business for its multiple opportunity zones, as well as on adjacent Mare Island. It has inked multiple large development deals over the last few years, including one headed by the Nimitz Group that was named one of the Bay Area's top five megaprojects in 2018.

Vallejo went through with the order "to provide an opportunity to the City of Vallejo real property owners, developers and businesses that rent property from the City to recover from the severe financial impacts caused by the Novel Coronavirus pandemic," the report said.

Solano County allowed lower-risk businesses like certain retailers, manufacturers, offices and other establishments to reopen this month. It joined Sonoma and Napa counties this week in asking Gov. Gavin Newsom's office for entry into Phase 2 of the state's reopening plan.

Vallejo itself has taken the brunt of the pandemic's death toll among cities in the county, reporting two more coronavirus-related deaths Thursday, which brought its total to 14, Daily Republic reported.

Tuesday night's resolution in Vallejo applies to developments underway or planned to start soon, with fees deferred for either one year or until the city issues a certificate of occupancy, the Times-Herald reported. Rents are deferred until the end of the year without late fees, the outlet also reported.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

Former Randolph Event Venue Planned For 200-Room Hotel, Theater

Orchard Partners Selects JLL To Market 892K SF Manufacturing Campus In Brisbane: The San Francisco Deal Sheet

Taiwan Semiconductor Manufacturing Co. Could Expand In North Texas

EXCLUSIVE: Downtown Houston+ Targets Grocery Gap, Pedestrian Experience With New Programs

140-Acre Attleboro Golf Course Hits Market, Pitched For Redevelopment

Foundry Robotics Leaves San Francisco For New East Bay HQ

Capital Flooded Into Bay Area Apartments. Then Treasury Yields Spiked

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

As The Future Of The Office Continues To Evolve, WeWork Is Bringing Clients A Tailored Workplace Solution

Autonomous Construction Vehicle Startup Bedrock Hits $4.1B Valuation

Developers Up Sunny Isles Beach St. Regis Debt Again With $463M Loan

One Week. 2 Schemes. More Than 2,000 London Homes Cancelled