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HomeMy WebLinkAboutR-8373 Restructuring Park In-Lieu Fees' I RESOLUTION NO. 8373 (1994 Series) A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN LUIS OBISPO RESTRUCTURING PARK IN -LIEU FEES WHEREAS, California Government Code Section 66477 authorizes the Council to enact an ordinance requiring dedication of land, the payment of fees in -lieu thereof, or a combination of both, as a condition of approval for a final tract or parcel map; and WHEREAS, the city has adopted such requirements in its subdivision regulations (Municipal Code Sections 16.40.060 through 16.40.100), which allow the Council, by resolution, to establish criteria for determining and procedures for collecting fees; and WHEREAS, an independent economic consulting firm has researched residential land costs as they apply to the City's park land dedication in -lieu fee. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis Obispo that: SECTION 1. Resolution No. 5376 (1984 Series)is hereby rescinded. SECTION 2. Park in -lieu fees are established as follows: a. Each potential additional single family dwelling unit in the C /OS and R -1 zones within the subdivided area $3,180.00 b. Each potential additional multi - family dwelling unit in zones other than C /OS and R -1, within the subdivided area $2,520.00 SECTION 3. Park in -lieu fees shall be effective February 1, 1995 and adjusted annually on July 1st by the change in the Consumer Price Index (CPI - U.S. City Average) by the most recently published information available. The base rate for the fees shall be reviewed at least every five years. SECTION 4. Any required fee in -lieu of park land dedication shall be paid when the final map is recorded, unless another time schedule for payments has been approved as a condition of tentative map approval. R -8373 i On motion of Council Member Romero ,seconded by Mayor Pinard , and on the following roll call vote: AYES: Council Member Romero, Mayor Pinard and Council Member Roalman NOES: Council Member Rappa, and Vice Mayor Settle ABSENT: None The foregoing resolution was passed and adopted this 22nd of November , 1994. Mayor, red #inard ATTEST: r( Di Gladwell, City erl k L, F �jff' ��`` mat __ _, _ _ �.� ,—