Title
Updated Standard Forms for Reimbursement and Credit of Development Impact Fees for Construction of Panhandle Backbone Infrastructure and Public Facilities
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FileID
File ID: 2024-00548
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Location
Location: District 1, Represented by Councilmember Kaplan
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Recommendation
Recommendation: Adopt a Resolution: 1) approving updated standard forms for the Panhandle Reimbursement and Credit Agreement and Panhandle Fee Credits Certificate of Assignment; 2) authorizing the City Manager or the City Manager's designee to execute standard-form Panhandle Reimbursement and Credit Agreements up to the total amount of the capital improvement cost estimates specified in Appendix B of the Finance Plan and execute Fee Credits Certificates of Assignment when appropriate; and 3) authorizing the City Manager or City Manager's designee to approve minor, non-substantive changes to the Reimbursement and Credit Agreement and Fee Credits Certificate of Assignment upon approval of the City Attorney or City Attorney's designee.
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Contact
Contact: Mary Jean Rodriguez, Senior Development Project Manager, (916) 808-1980, mrodriguez@cityofsacramento.org; Eric Frederick, Special Districts Manager, (916) 808-5129, efrederick@cityofsacramento.org; Department of Finance
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Presenter
Presenter: None.
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Attachments
Attachments:
1-Description/Analysis
2-Resolution
3-Exhibit A - Reimbursement/Credit Agreement
4-Exhibit B - Panhandle Fee Credits Certificate of Assignment
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Description/Analysis
IssueDetail
Issue Detail: Development projects in the Panhandle Planned Unit Development (PUD) area are subject to the Panhandle Development Impact Fee (Fee), per Chapter 18.56 of the Sacramento City Code. The City collects the Fee for each building permit issued and utilizes such Fees to fund the construction of backbone infrastructure and public facilities needed to serve the PUD, as detailed in the Panhandle PUD Public Facilities Finance Plan and Development I...
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