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HomeMy WebLinkAboutReso 2017-056 - Inflationary Update RESOLUTION NO.2017-056 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING AUTHORIZING THE ELIMINATION OF THE 2017-18 AUTOMATIC INFLATIONARY UPDATE FOR THE WATER SYSTEM, WASTEWATER SYSTEM, CITYWIDE TRANSPORTATION DEVELOPMENT, FIRE FACILITIES,AND PARKS AND RECREATION FACILITIES IMPACT FEES WHEREAS, City staff is undertaking an update of the Water System, Wastewater System, Citywide Transportation Development, Fire Facilities, and Parks and Recreation Facilities Impact Fees; and WHEREAS, Redding Municipal Code Section 16.20.050 allows for an automatic inflationary adjustment on July 1st of each year unless specifically modified by resolution of the City Council; and WHEREAS, in light of the pending update to these impact fees it is prudent for the City Council to consider eliminating the inflationary update for 2017-18; NOW THEREFORE, BE IT RESOLVED THAT 1. The City Council of the City of Redding finds that the recitals set forth above are true and correct. 2. The public interest is best met by eliminating the 2017-18 inflationary adjustment for the Water System, Wastewater System, Citywide Transportation Development, Fire Facilities, and Parks and Recreation Facilities Impact Fees. I HEREBY CERTIFY that the foregoing resolution was introduced, read, and adopted at a regular meeting of the City Council on the 20th day of June, 2017, by the following vote: AYES: COUNCIL MEMBERS: McElvain, Schreder, Sullivan,Winter, & Weaver NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: None ABSTAIN: COUNCIL MEMBERS: None J r BRENT WEAVER, Mayor ATTEST: FORM APPROVED: 1-011.14, u / /*7 PAMELA MIZE, City Clerk BARRY E. DeWALT, City Attorney