BMR In-Lieu Fee Plan Proposed for Tarlton Project

Menlo Park staff has asked the Housing Commission to recommend approval of Tarlton Properties, Inc.’s proposal to meet Below Market Rate housing obligations for its two‑building life sciences project at 1005 O’Brien Drive and 1320 Willow Road through payment of commercial in‑lieu fees. The estimated BMR fees total about $2.45 million for the 1005 O’Brien building and $1.39 million for the 1320 Willow Road building, payable before building permits are issued.

Scope & details

The full contract record, as filed.

Contract amount

Estimated $2,454,873.94 BMR in-lieu fee for 1005 O’Brien Dr. and $1,388,699.36 BMR in-lieu fee for 1320 Willow Rd.

Contract type

OTHER

Contract term

Fees payable prior to issuance of building permits; project construction may be phased with 1320 Willow Rd. building potentially delayed until approximately 2034

Renewal

One-time BMR in-lieu fees calculated per square foot at time of building permit issuance, with credits for existing uses; no ongoing renewal terms identified.

Document type

Agenda

Source document

City of Menlo Park Housing Commission Regular Meeting Agenda 2026-08-05

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Menlo Park?

Tarlton Properties Inc was awarded this government contract by City of Menlo Park, as recorded on August 1, 2026. The contract value is Estimated $2,454,873.94 BMR in-lieu fee for 1005 O’Brien Dr. and $1,388,699.36 BMR in-lieu fee for 1320 Willow Rd..

How much is the Tarlton Properties Inc contract with City of Menlo Park worth?

The Tarlton Properties Inc contract with City of Menlo Park is valued at Estimated $2,454,873.94 BMR in-lieu fee for 1005 O’Brien Dr. and $1,388,699.36 BMR in-lieu fee for 1320 Willow Rd..

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Menlo Park Housing Commission Regular Meeting Agenda 2026-08-05 (Agenda), dated August 1, 2026 from City of Menlo Park. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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