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Resolution No. 98-161 <br />Page 3 <br /> <br /> 6. The Area Development Impact Fee is consistent with the North Sycamore <br /> Specific Plan, which included a plan for the Basic Infrastructure Program to <br /> be funded by initial Funding Developers, with subsequent development to <br /> reimburse the Funding Developers for a share of the public facilities. <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES <br />AS FOLLOWS: <br /> <br />Section 1: Fee Imposed: A North Sycamore Area Development Impact Fee ("Area <br /> Development Impact Fee") is hereby established and shall be charged and paid <br /> prior to the approval of any final map or building permit within the North <br /> Sycamore Specific Plan Area and certain other areas and as specified in Ordinance <br /> No. 1772 enabling the imposition of the Area Development Impact Fee. <br /> <br />Section 2: Use of Fee Revenue: The fees collected pursuant to this resolution together with <br /> any interest earned on such fees shall be used only for the purposes set forth in <br /> Ordinance No. 1772. <br /> <br />Section 3: Fee Amount: The amount of the Area Development Impact Fee is based upon the <br /> technical and financial analysis conducted as a part of the Technical Report. <br /> <br />Section 4: Resolution No. 92-100 is hereby amended by adding Section XI, North Sycamore <br /> Area Development Impact Fee for Basic Infrastructure Improvements, to read as <br /> follows: <br /> <br /> <br />