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<br />3. The waiver is approved by the Secretary of the Resources Agency. <br /> <br />This event is out of the control of the City Council. Assuming that the Council determines that <br />it is in public interest to waive the cancellation fee and makes the findings in 1 and 2, the <br />Resources Agency will be requested to approve the waiver. <br /> <br />FISCAL IMPACT <br /> <br />Waiver of the cancellation fee will have no direct financial impact to the City. The cancellation <br />fee is paid to the State which deposits the fee into the State's general fund. <br /> <br />RECOMMENDATION <br /> <br />Staff recommends that the Council adopt the attached resolution waiving the cancellation fees <br />on the Centex Homes' property and requesting that the State approve the waiver. <br /> <br />Respectfully Submitted, <br /> <br />1n l ~a;jN- 6R ~ <br /> <br /> <br />Michael H. Roush <br />City Attorney <br /> <br />J rry Iserson <br />Director of Planning <br /> <br />Nelson Fialho <br />City Manager <br /> <br />Attachment <br /> <br />SR 05:170 <br />Page 4 <br />