Item No: 5A.
Meeting Date: July 8, 2013
From: Raymond S. Sharp, Interim City Manager
Subject: Ordinance extending the City Impact Fee Waiver to September 30, 2013
Staff recommends approval of the ordinance, which will extend the current impact fee waiver through the end of the fiscal year, and allow for negotiation of impact fees as part of an overall economic incentive package.
During the Commission meeting of May 13, 2013, the Commission gave direction to staff to bring forward an ordinance that would extend the impact fee waiver through September 30, 2013 and concurrently establish a procedure for negotiation of impact fees for significant economic development.
The City Attorney has prepared the attached ordinance. In general, it contains the following provisions:
1. Adopt the ordinance as submitted; or,
2. Such alternative action as the Commission may deem appropriate.
Although the specific fiscal impact cannot be determined, this ordinance will allow the city to continue to collect impact fees, beginning October 1, 2013 for the funding of necessary capital improvements related to growth. The ordinance also allows impact fees to be a part of an overall incentive package for economic development, which will have the effect of enhancing our ability to compete effectively for significant development.
Prepared by: R. Sharp
Attachments: Yes X No ______
Advertised: X Not Required ______
Attorney Review : Yes X No ____
Reviewed by: Dept. Head ________
Finance Dept. __________________
Deputy C.M. ___________________
City Manager ___________________
Account No. _________________
Project No. ___________________
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