DATE: February 25, 2020
TO: Board of Supervisors
SUBMITTED BY: Steven E. White, Director
Department of Public Works and Planning
SUBJECT: Infrastructure Fees and Specific Plan Fees for Tract No. 4934
RECOMMENDED ACTION(S):
TITLE
1. Adopt Resolution establishing Infrastructure Plan Fees to provide for Millerton New Town Infrastructure Facilities for Tract No. 4934; and
2. Adopt Resolution establishing Specific Plan Fees to provide for Millerton New Town Facilities.
REPORT
Approval of the recommended actions will authorize Infrastructure Plan Fees and Specific Plan Fees, in the amount of $18,344.67 and $7,453.96 per lot respectively, for Tract No. 4934 in the Millerton Specific Plan area to be collected. The funds will help finance the cost of sewer and water facilities identified in the Millerton New Town Infrastructure Plan as well as road and park facilities identified in the Millerton Specific Plan. These fees include a 3% administrative cost and will be adjusted annually by the Department to account for inflation. The fees will be deposited in accounts administered by the County and will provide the funds necessary to construct the aforementioned facilities as development occurs. This item pertains to a location in District 5.
ALTERNATIVE ACTION(S):
Your Board may deny any or both, of the recommended actions. However, denial will require your Board to identify the action(s) being denied and to direct staff accordingly.
FISCAL IMPACT:
There is no Net County Cost associated with the recommended actions. The Tract's share of the Infrastructure Fees and Specific Plan Fees are estimated at $18,344.67 and $7,453.96, respectively, per lot as of December 2019. In addition, the recommended resolutions include a fee of 3% of the total for administration of the two fees. These fees will be adjusted annually by the 20-City Average Construction Cost Index published in the Engineering News Record to account for inflation. The administrative fees paid to ...
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