SR 05:340 - Laserfiche WebLink

Option 3: ModiCy the Program by deCerring the payment oC the Cees until a building permit is obtained. A third altemative "W'ould be to collect the fees at the time building permits "W'ere 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 "W'ould be that, unlike lots in areas designated Lo"W' Density Residential, Hillside Residential lots "W'ould more likely be custom lots developed over time by individual property o"W'ners. To require Specific Plan fees (currently at $50,000/lot) to be paid "W'ith a parcel or final map "W'hen the property o"W'ner/subdivider had no immediate plans to build on all the lots could "W'ork a financial hardship on that property o"W'ner. Staff does not recommend that altemative, ho"W'ever. First, for administration, it is far easier to collect the fees "W'hen the map is being processed rather than at the building permit stage. Fees collected at the building permit stage typically apply city "W'ide or to one large subdivision. (For example, the City collects the Tri-Valley Conservancy fee on a per lot basis "W'hen a building permit is obtained for property "W'ithin the Ruby Hill subdivision.) Second, given the infrastructure improvements that remain to be built "W'ithin the Specific Plan area, "W'hich improvements are to be funded by the City to the extent sufficient specific plan fees have not yet been collected, collecting the fees "W'ith the parcel/final map "W'ill reduce the City's having to advance funds. Third, typically "W'e 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 IMPACT Adoption of the proposed amendment to the Financing Program "W'ill result in some portion of the Specific Plan fees being received later in time and, because the City is (currently) last in line to be reimbursed, the City's receipt of those funds "W'ould be delayed. This deferral is balanced by the fact that some property o"W'ners may "W'ait to subdivide if all the fees are to be paid at the time of the first subdivision and by the fact that the City "W'ill eam interest on the amount to be reimbursed. RECOMMENDATION Staff recommends that the Financing Program be amended as follo"W's: Financing Program #7: Except as provided belo"W', for subdivision of Lots creating ne"W' buildable lots, Specific Plan fees shall be paid for all lots allocated to the Lot at the time the first final subdivision map for that Lot is filed for City approvaL For Lots that are vacant and allocated only one ne"W' home, Specific Plan fees shall be paid at the time the first building permit is issued. SR:05:340 Page 7