SR 05:322 - Laserfiche WebLink

(The owner would also be required to connect the existing residence to the shared infrastructure improvements and would pay a portion of the Fees relative thereto; see Finance Program #8, discussed below.) Assume two years later, the property owner wanted to create two more buildable lots. The owner would be required to pay Specific Plan fees for the three remaining buildable lots even though only two were being created because, by reason of the second parcel map, more than half of the lots allocated to the Lot would be created by the second map. Finance Program #8 In addition, the amendment to Program 8 will clarify that if a property owner with a vacant Lot obtains a building permit for that Lot, the property owner will pay the Specific Plan fee. The amendment to Program 8 will also clarify that property owners with existing homes who subdivide will pay the Specific Plan fees for all buildable lots allocated to that Lot (subject to the exception in Program 7) and for the existing home will pay a portion of the Specific Plan fee attributable to water, sewer and underground utilities. An Alternative-Paying the Fee at the Time of the Building Permit An alternative would be to collect the fees at the time building permits were paid, at least as to those residential units that are in the Hillside Residential designated areas. The rationale for collecting the fees at that time would be that, unlike lots in areas designated Low Density Residential, Hillside Residential lots would more likely be custom lots developed over time by individual property owners. To require specific plan fees (currently at $SO,OOO/lot) to be paid with a parcel or final map when the property owner/subdivider had no immediate plans to build on all the lots could work a financial hardship on that property owner. Staff does not recommend that alternative, however. First, for administration, it is far easier to collect the fees when the map is being processed rather than at the building permit stage. Fees collected at the building permit stage typically apply city wide or to one large subdivision. (For example, the City collects the Tri-Valley Conservancy fee on a per lot basis when a building permit is obtained for property within the Ruby Hill subdivision.) Second, given the infrastructure improvements that remain to be built within the Specific Plan area, which improvements are to be funded by the City to the extent sufficient specific plan fees have not yet been collected, collecting the fees with the parcel/final map will reduce the City's having to advance funds. Third, typically we expect the developer of a custom lot subdivision to front the cost of the infrastructure to serve that development (and then to recover that cost through the price of the lot) rather than have the custom lot purchaser pay the direct infrastructure cost to the City. FISCAL IMP ACT Adoption of the proposed amendment to the Financing Program will result in some portion of the Specific Plan fees being received later in time. This deferral is balanced by equitable SR 05:322 Page 4 ,