Title:
Title
Agreement: Park Impact Fee Credit Agreement for Encore McKinley Village Park Sites ES3 and ES4 and Appropriating Funding to Capital Improvement Project (L19019000)
End
FileID
File ID: 2018-01498
Location
Location: District 3
Recommendation:
Recommendation
Adopt a Resolution: 1) approving the Park Impact Fee Credit Agreement with Encore McKinley Village, LLC ("Developer") for Park Sites ESE3 and ES4; and 2) authorizing the City Manager or the City Manager's designee to: a) execute the agreement; b) increase the revenue budget in the Department of Youth, Parks, & Community Enrichment FY2018/19 operating budget by $71,555 in Park Impact Fee (Fund 3204) to account for City costs to be paid by the Developer pursuant to the Agreement; c) increase the expense budget by $65,480 (Fund 3204) in the McKinley Village Parks project (L19019000); and d) increase the expense budget by $6,075 (Fund 3204) in the PA-6 Art in Public Places project (L19920600).
Contact: Dana Mahaffey, Senior Planner, (916) 808-2762; Raymond Costantino, Park Planning and Development Services Manager, (916) 808-1941, Department of Youth, Parks, & Community Enrichment
Body
Presenter: None
Attachments:
1-Description/Analysis
2-Location Map
3-McKinley Village Parks Master Plan
4-Park Site ES3 Solomon Schematic Plan
5-Park Site ES4 Favela Schematic Plan
6-Resolution
7-Exhibit A
Description/Analysis
Issue Detail: Encore McKinley Village, LLC (Developer) is the master developer of the McKinley Village project that is currently under construction in East Sacramento. The Developer has opted to develop the subdivision's parks as turnkey parks in lieu of paying the Park Impact Fee (PIF). Turnkey parks are developer-funded and constructed under the terms of a Park Impact Fee Credit Agreement, which provides the developer with early issuance of PIF Credits to be applied towards building permits within the subdivision exchange for security to ensure that the developer completes pa...
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