Title:
Title
Agreement: Credit Agreement Landowner Payment for Construction of Water Facilities - Greenbriar Project [Published for 10-Day Review 11/05/2020]
End
FileID
File ID: 2020-01237
Location
Location: District 1
End
Recommendation:
Recommendation
Pass a Motion authorizing the City Manager or the City Manager's designee to execute an Agreement with The Greenbriar Project Owner, LLC to issue water development impact fee credits for the Greenbriar Development Project for an amount not-to-exceed the actual costs of construction of water infrastructure currently estimated at $8.4 million.
FileName
Contact: Inthira Mendoza, Project Manager (916) 808-1473; Neal Joyce, Supervising Engineer (916) 808-1912; Tony Bertrand, Engineering & Water Resources Division Manager, (916) 808-1461; Department of Utilities
Body
Presenter: None
Attachments:
1-Description/Analysis
2-Agreement
Description/Analysis
Issue Detail: Staff recommends Council approve an agreement with The Greenbriar Project Owner, LLC (Developer), for the issuance of water development fee credits.
The Developer is developing 577 acres of standard single-family, multi-family, shopping center, limited commercial and agriculture-open space zones within the Greenbriar Planned Unit Development, (the Project). In order to provide water service to this development, the Developer is funding and constructing the water transmission mains.
Per City Code Section 13.04.820, the Developer is eligible for water development fee credits upon Council's authorization since it is constructing the major facilities. This agreement authorizes the credits, establishes the credit amount and specifies the process for obtaining those credits.
Policy Considerations: City Council approval is required to authorize credit for transmission facilities per City Code 13.04.820, subsection F.
The Sacramento City Code Section 4.04.020 and Council Rules of Procedure (Chapter 7, Section E.2.d) mandate that unl...
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