Title:
Title
First Amendment to Quimby and Park Impact Fee Credit and Reimbursement Agreement with the Northwest Land Park LLC, Appropriate Funding and Park Naming
End
FileID
File ID: 2019-01208
Location
Location: District 4
Recommendation:
Recommendation
Adopt a Resolution: 1) approving the First Amendment to the Quimby and Park Impact Fee Credit and Reimbursement Agreement with Northwest Land Park, LLC; 2) appropriating $51,896 from Park Development Impact Fee Available Fund Balance (Fund 3204) to the Olympians Park Development project (L19145100); and 3) approving the naming of the park site as Olympians Park
Contact: Dana Mahaffey, Senior Planner, (916) 808-2762; Raymond Costantino, Park Planning Development Services Manager, (916) 808-1941, Department of Youth, Parks, & Community Enrichment
Body
Presenter: None
Attachments:
1-Description/Analysis
2-First Amendment to Quimby and Park Impact Fee Credit and Reimbursement Agreement with Northwest Land Park LLC
3-Resolution
Description/Analysis
Issue Detail: The Master Plan for Olympians Park was approved on April 10, 2018. At the time the Master Plan was approved, the Council's motion included naming the park site as Olympians Park, but that action did not get recorded in the minutes or in the resolution. On January 8, 2019, City Council passed a resolution approving a Quimby and Park Impact Fee Credit and Reimbursement Agreement for Olympians Park, Farm and Community Garden, and establishing capital improvement projects with the Northwest Land Park, LLC (Developer). The City Council also approved an allocation of $792,389 from Park Impact Fee (Fund 3204) to fund the Olympians Park Development project (L19145100).
The Principal Agreement provided for reimbursement of the Park Impact Fees and the Quimby In Lieu Fees collected from Developer for Phases 1, 2, and 2X of the residential project, and an allocation of Park Impact Fee Credits that can be applied for the building permits to be iss...
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