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HomeMy WebLinkAbout1990-06-26 - AGENDA REPORTS - DEVELOPMENT IMPACT FEE STUDY (2)AGENDA REPORT City Manager Approval Item to be presented by: NEW BUSINESS Andrea Daroca DATE: June 26, 1990 SUBJECT: Request to Commission Development Impact Fee Study DEPARTMENT: Finance BACKGROUND Santa Clarita, like many other. cities nation-wide, is experiencing rapid increases in population growth and development. The question confronting cities undergoing rapid growth is how to finance expanding needs without levying charges against existing taxpayers when these costs are being generated by new developments. Development impact fees are one way to supplement the necessary fundings required for such an undertaking. Impact fees are charges to developers for off-site improvements that must be provided by local government to serve the new development. When the City of Santa Clarita incorporated, it inherited major infrastructure needs. Now it would behoove the City to prepare for the future by collecting the funds to provide for public facilities as a result of new development. The adoption of development impact fees would allow the City many benefits. Projects such as the construction of new roads, libraries, fire stations, sewers, as well as a civic center, would have a great impact upon the City and surrounding areas. Funds have not been provided in fiscal year 1990-91 to perform this study, therefore, if Council approves staff to begin the Request for Proposals from consultants and accept such proposals, staff will return to request needed funds to perform the study.after proposals have been analyzed. That the City Council authorize staff to begin the Request for Proposal process to perform a development impact fee study. Agenda Item: c