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HomeMy WebLinkAboutReso 1990-225 - Amending portions of exhibit "a" to resolution No. 89-235 Ill . RESOLUTION NO. 7e2 -,42,5- A 0 ;j2s'—A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING AMENDING PORTIONS OF EXHIBIT "A" TO RESOLUTION NO. 89-235 , WHICH ESTABLISHED AND ADOPTED A POLICY STATEMENT PERTAINING TO CREDIT FOR PARK AND RECREATIONAL FACILITIES PROVIDED BY SUBDIVISIONS. BE IT RESOLVED by the City Council of the City of Redding that paragraphs 9 , 11 , and 12 of the "POLICY" set forth in Exhibit "A" to Resolution No. 89-235 adopted on July 18 , 1989 , be and hereby are amended to read as follows : POLICY 9 . If a subdivider wishes to build a neighborhood park or park improvements (Project) , the maximum credit that could be received, up to the total Project cost, is as follows, subject to approval of the City Council: a. 100 percent of the in-lieu park fees; b. 50 percent of the park-development fees. 11 . In the event in-lieu park fees and/or park-development fees have been collected from lots previously recorded within the I Subdivision, or are due and owing prior to completion of the Project, and the subdivider wishes to use those funds for construction of the Project, reimbursement and/or credit to the subdivider shall be made only up to the total Project cost, as follows: When the Project has been completed, 10 percent of the 'II total Project cost shall be withheld for a further period of 90 days, or until accepted by City, whichever is the latest date, during which time the subdivider shall maintain the irrigation system and insure that the turf and plant materials are alive and established. ' r > N . v �7� . 410 , shall maintain the irrigation system and insure that the turf and plant materials are alive and. established. 12 . Park sites and improvements dedicated to the City after completion of construction of the Project shall be warranteed for: a. one full year against defects, failure of equipment or materials, and failure of stabilized banks; and b. 90 days to insure that turf and plant materials live after planting. I BE IT FURTHER RESOLVED , that all other terms and conditions of Resolution No. 89-235 , including Exhibit A, shall remain in ji full force and effect. I HEREBY CERTIFY that the foregoing Resolution was introduced and read at a regular meeting of the City Council of the City of Redding on the 15th day of May, 1990 , and was duly it adopted at said meeting by the following vote: AYES: COUNCIL MEMBERS: Arness, Dahl , Fulton, Moss, Buffum NOES : COUNCIL MEMBERS : None ABSENT: COUNCIL MEMBERS: None ABSTAIN: COUNCIL MEMBERS : None zd/ eA71 NiKTCY qJ FUM, L' City ' Redding ATTEST: - f . , f M- ETHEL A. NICHOLS, City Clerk ORM APPROVED: ANDALL A. HAYS , City Attorney -2-