1999 MAY - Laserfiche WebLink

3.40.060 3.40.060 Credit Against Fee: A. If a funding developer or property owner constructs and dedicates to the City, or intends to construct and dedicate to the City, basic infrastructure improve- ments, without regard to whether the improvements aze funded by an assess- ment district, fee benefit area, community facilities district, or other land-secured financing mechanism, such funding de- veloper/property owner shall be entitled to a credit against the area development impact fee that the funding developer/ property owner is otherwise obligated to pay. B. The amount of the credit shall be based on the amount of the estimated construction cost. The credit shall be increased/decreased once the actual con- struction costs aze verified as provided in Section 3.40.055 of this Chapter and the amount thereof refunded (or credited against future obligations) where the credit is increased or the amount thereof paid to the City (or added to future obli- gations) where the credit is decreased. C. A property owner that has dedicated land without compensation for the rights of way required for basic infrastructure improvements shall receive a credit against the azea development impact fee, should such owner decide to develop, for the value of the right of way so dedicat- ed. The credit shall be calculated per squaze foot of land dedicated based on the values set forth in the Master Fee Sched- ule'. D. Following the City's acceptance of the basic infrastructure improvements for which the credit was provided, any credit balance shall be adjusted each January 1 1. The Master Fee Schedule is on file in the office of the City Clerk. based on the percentage change in the most recent CPI. (Ord. 1772 § 3, 1999) 3.40.070 Exemptions: The following aze exempt from the re- quirement to pay the area development impact fee: A. Existing residential units are exempt unless there is a substantial remodel. B. Where the azea development impact fee was previously paid for a particulaz property and use, and deposited to the NSADIF Account. (Ord. 1772 § 3, 1999) 3.40.080 Time Of Payment: The azea development impact fee shall be paid to the City upon the approval of a final map or the issuance of a building permit, whichever is eazlier, as provided in subsection 3.40.040C of this Chapter. The City has, or will have, established accounts and appropriated funds for the various facilities set forth in the basic infrastructure program and the proposed construction plan. (Ord. 1772 § 3, 1999) 3.40.085 Distribution Of Fees: City shall retain an amount equal to two percent (2%) of all area development impact fees collected pursuant to this Chapter to compensate City for its costs and expenses to administer this Chapter. (Ord. 1772 § 3, 1999) 3.40.090 Authority For Additional Mitigation: Fees collected pursuant to this Chapter (Pleasanton 5-99) 92