HomeMy WebLinkAboutReso 2006-163 - In-Lieu Fees
.
I
e
e
RESOLUTION NO. 2006 - 163
A RESOLUTION OFTHE CITY COUNCIL OF THE CITY OF REDDING
ESTABLISHING FAIR MARKET VALUES FOR VARIOUS TYPES OF
RESIDENTIAL LANDS-AND THE RESULTANT IN-LIEU FEES-TO
BE USED AS A BASIS FOR FEES TO BE PAID IN LIEU OF PARK AND
RECREATIONAL LAND DEDICATIONS
WHEREAS:
A. Section 17.42.060 of the Redding Municipal Code provides a formula for the payment
of fees in lieu of land dedication.
B. Section l7.42.060B ofthe Redding Municipal Code sets forth the calculation of in-lieu
fees based upon the fair market value of the amount ofland which would otherwise be required for
dedication. Fair market values are determined by resolution of the City Council.
C. Staff recommends that the City Council adopt the fair market values hereinafter set forth
for the specified types of residential land.
D. It is in the interests of the City and its citizens that the proposed fair market values and
in-lieu fees be adopted by the City Council, effective October 1, 2006.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF REDDING FINDS,
DETERMINES, AND RESOLVES AS FOLLOWS:
1. Pursuant to Redding Municipal Code Section l7.42.060B, the City Council hereby
approves and establishes the following fair market values, which are reasonably related to the cost
of purchasing of residential land based on the combined median value of known residential land
sales during the period January 1,2005, to December 31, 2005:
Type of Unit Fair Market Value
per Acre
Single-Family, Including Mobile Home $132,382
Multiple-Family $132,382
2. Based on the fair market values set forth in paragraph 1 hereof and the formula set forth
in Section l7.42.060B of the Redding Municipal Code, the following in-lieu fees are hereby
established effective October 1, 2006.
.
Type of Unit In-Lieu Fee
per Unit
Single-Family, Including Mobile Home $1,936
Multiple-Family $1,936
r
>1
.
e
e
3. The City Council finds and determines that the in-lieu fees set forth above continue to
be reasonably related to the fair market value of residential land.
4. For the purposes of Chapter 17.42 of the Redding Municipal Code:
(a) All owner-occupied units are considered single-family units, whether they are in
single-family projects, planned developments, or condominiums.
(b) A single-family is one unit per parcel; a multiple-family is two or more units on a
parcel.
( c) Where different types of units are grouped on the same parcel, the fee is calculated
by the number of units on the parcel, not by the type of structure.
5. This resolution shall become effective October 1,2006. Thereafter, the fair market value
shall be determined annually by resolution.
I HEREBY CERTIFY that the foregoing resolution was introduced, read, and adopted at
a regular meeting of the City Council on the 1 st day of August, 2006, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
Mathena, Stegall, and Murray
Pohlmeyer
Dickerson
None
';1
A TTESl':
" ,
'-j ,/
. ,,'. ) ~....
APPROVED AS TO FORM:
,,' ,:: '- ','
Clerk
~~~
RICHARD A. DUVERNAY, ty Attorney
': ", (
).\. ....' ,
.'\.-~-' ~ ....... ''0-\ '. ""
1 I ,., J .,
"