Title:
Title
Reimbursement of Planning Costs for the Jacinto Creek Planning Area
End
FileID
File ID: 2019-00510
Location
Location: District 8
Recommendation:
Recommendation
Adopt a Resolution 1) increasing the expenditure budget in the Jacinto Creek Planning Area (JCPA) Project (I22205100) by $208,870 with a transfer from available fund balance in the JCPA Fee Fund (Fund 3203); and 2) authorizing the City Manager or City Manager's designee to reimburse the original land owners as reflected on Exhibit A, or their verified successors in interest.
Contact: Eric Frederick, Program Specialist, (916) 808-5129; Sheri Smith, Special Districts Manager, (916) 808-7204, Department of Finance
Body
Presenter: None.
Attachments:
1-Description/Analysis
2-Resolution
3-Exhibit A: Reimbursement Amounts
Description/Analysis
Issue Detail: On January 7, 1997, City Council adopted Resolution No. 97-011 and Ordinance No. 97-002, thereby forming the JCPA fee district, adopting the Financing Plan and Nexus Study (Finance Plan), and establishing the JCPA Facilities Fee. To assist with these actions, landowners within the JCPA provided advance funding of certain costs associated with the planning and preparation of planning studies and the Finance Plan.
On March 30, 1999, City Council adopted Resolution No. 99-138, thereby authorizing the execution of the Reimbursement Agreement by and Between the City of Sacramento and Landowners in the Jacinto Creek Planning Area Relating to Private Funding of Jacinto Creek Planning Area Planning Costs (Agreement #99-060). The City entered into Agreement #99-060 with eight separate landowners to reimburse them for advance funded planning costs if sufficient amounts of the "developer planning fund component" of the JCPA Facilities Fee are collected.
On March 15, 2000, Bruceville/Sheldon Partners assigned its full reimbursement rights to Mark Skreden under an Assignment and Assumption Agreement (Agreement #2000-131). On November 28...
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