HomeMy WebLinkAboutReso 2008-174 - Residential Construction Activity
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RESOLUTION NO. 2008 - 174
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
REDDING EXTENDING CERTAIN TEMPORARY INCENTIVES
TO STIMULATE RESIDENTIAL CONSTRUCTION ACTIVITY
PENDING CONSIDERATION OF A PERMANENT ORDINANCE
IMPLEMENTING THE SAME
WHEREAS, on June 3, 2008, the City Council adopted a resolution establishing certain short-term
incentives as a means to stimulate residential construction activity in the City of Redding; and
WHEREAS, on October 21, 2008, the City Council directed the City Manager and City Attorney to
return with an ordinance to consider adopting certain changes on the timing of collection of impact fees on
permanent basis;
NOW, THEREFORE IT IS RESOLVED by the City Council of the City of Redding that the following
incentive to stimulate residential construction activity in the City of Redding shall remain in effect until
January 30,2009, or the effective date of an ordinance amending the Redding Municipal Code changing the
timing of collection of impact fees consistent with this resolution, whichever occurs first:
Deferral ofImpact Fee Collections for New Homes
The City shall defer the collection of development impact fees for new residential unit construction until a
point just prior to final inspection. The permittee will enter into a legally binding agreement with the City
prior to issuance ofthe building permit, and the agreement will establish the deferral as a financial obligation
that must be satisfied prior to the granting of a final inspection. Following the final inspection, if all
requirements are met and the fees are paid, a certificate of occupancy will be provided to the homebuilder.
This incentive shall apply to residential permits issued for new homes during the effective period of this
resolution as described above. The fees which are eligible for deferral are the park improvement fee, traffic
impact fee, fire facilities fee, storm drain fee, and water and wastewater impact fees.
I HEREBY CERTIFY that the foregoing resolution was introduced, read, and adopted at a regular
meeting of the City Council on the 21st day of October, 2008, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
Bosetti, Dickerson, Jones, Murray, and Stegall
None
None
None
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MAR LE S STEGALL, yor
Clerk
ity Attorney
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FORM APPROVED:
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