HomeMy WebLinkAbout2009-08-25 - AGENDA REPORTS - DEFER DEV IMPACT FEES (2)CONSENT CALENDAR
DATE:
SUBJECT:
DEPARTMENT
Agenda Item: z
CITY OF SANTA CLARITA
AGENDA REPORT
City Manager Approval:
Item to be presented by:
August 25, 2009
Robert Newman
APPROVE THE DEFERMENT OF CERTAIN DEVELOPMENT
IMPACT FEES FOR ONE YEAR TO STIMULATE ECONOMIC
GROWTH IN THE CITY OF SANTA CLARITA
Public Works
RECOMMENDED ACTION
City Council approve the deferment of the collection of Quimby, Bridge & Thoroughfare, and
Transit Impact development fees to building permit for one year to help stimulate economic
growth in the City of Santa Clarita.
BACKGROUND
On April 28, 2009, the City Council approved the Economic Development 21 -Point Business
Plan for Progress. One of the items in this plan is to implement several recommendations of the
Development Process Advisory Committee, including an alternative method of fee collection for
development impact fees.
Under current City conditions of approval, developers, as part of a subdivision, are required to
pay all development impact fees prior to map recordation. In the case of other entitlements not
involving the subdivision of land, the developer already pays these fees prior to the issuance of a
building permit. By deferring Quimby, Bridge & Thoroughfare, and Transit Impact fees
specifically for subdivisions from map recordation to time of building permit, the development
community will have additional time to pay fees and potentially have more available cash flow.
Staff believes these two critical factors will serve as an incentive for the development community
to start or continue development and provide the much needed relief they are seeking at this time.
ALTERNATIVE ACTIONS
Other action as determined by the City Council.
APPROVED
FISCAL IMPACT
In the long term, the deferment of Quimby, B&T, and Transit Impact fees for one year will be
balanced by the advantages brought through the economic development the City is encouraging.
ATTACHMENTS
None