Title:
Title
Contracts: Park Impact Fee Reimbursement Agreements and Fund Transfer
End
FileID
File ID: 2019-01849
Location
Location: Districts 3 and 8
End
Recommendation:
Recommendation
Adopt a Resolution: 1) approving the First Amendment to the Park Impact Fee Agreement with Sutter Park Development Co., LLC and Tim Lewis Communities for reimbursement of $77,000 in park impact fees; 2) approving the First Amendment to the Park Impact Fee Agreement with KB Homes Sacramento Inc. for reimbursement of $112,910 in park impact fees; 3) authorizing the City Manager or the City Manager's designee to execute these park impact fee agreement amendments; 4) delegating authority to the City Manager to enter into park impact fee reimbursement agreements when the developer under a park development agreement, in lieu of applying the park impact fee credits, pays the park impact fee under a fee deferral agreement; 5) authorizing the City Manager or the City Manager's designee to increase the expenditure budget in the Sutter Park Development Project (L19167900) by appropriating $77,000 from the Park Impact fees (Fund 3204) available fund balance; and, 6) increase the expenditure budget in the Shasta Park Frontage Improvement Project (L19159400) by appropriating $112,910 from the Park Impact fees (Fund 3204) available fund balance.
Contact: Dana Repan, Senior Planner, (916) 808-2762; Raymond Costantino, Manager, Park Planning and Development Services, (916) 808-1941; Department of Youth, Parks, & Community Enrichment (YPCE)
Body
Presenter: None
Attachments:
1-Description/Analysis
2- Sutter Park Development Co., LLC Park Impact Fee Credit/Reimbursement Agreement Amendment
3-Shasta 10 Subdivision and Shasta Park Frontage Improvement/Park Impact Fee Credit Agreement Amendment
4-Resolution
Description/Analysis
Issue Detail: On August 28, 2018, City Council approved the Park Development Impact Fee Credit Agreement with the Sutter Park Development Co., LLC for the...
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