Title:
Title
Northwest Land Park Project Park Impact Fee Allocation for Reimbursement
End
FileID
File ID: 2020-01496
Location
Location: District 4
End
Recommendation:
Recommendation
Adopt a Resolution authorizing the City Manager or City Manager's designee to increase the expenditure budget in the Olympians Park Development Project (L19145100) by appropriating $169,922 from the Park Impact Fees (PIF) (Fund 3204) available fund balance.
FileName
Contact: Dana Repan, Senior Planner, (916) 808-2762; Raymond Costantino, Manager, Park Planning and Development Services, (916) 808-1941, Youth, Parks, & Community Enrichment Department.
Body
Presenter: None
Attachments:
1-Description/Analysis
2-Resolution
Description/Analysis
Issue Detail: On September 3, 2019, City Council approved the First Amendment to the Quimby and Park Impact Fee Credit and Reimbursement Agreement for the Northwest Land Park Project, which is known as The Mill at Broadway. Under the amended agreement, the total Park Impact Fee (PIF) credits available based on the City's park construction, park planning, and City staff costs was $1,738,882. These credits covered a portion of the costs of developing the neighborhood park (Olympians Park) at the residential development. The developer chose to participate in the City's Fee Deferral Program and did not use its PIF credits when applying for building permits. Under the Fee Deferral Program, all credits for impact fees must be accounted for prior to entering the fee deferral program. Because the developer failed to apply the credits, the developer was required to pay the PIF before final inspection of the housing units.
The developer is requesting final reimbursement of the park impact fee funds they paid. At this time, the balance of funds from the payment of PIF for the building permits is $169,922. Construction of Olympians Park has been completed and the park is now open to the public and the residential development at The Mill at...
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