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HomeMy WebLinkAbout1990-101 " SBE00099-l2/33l8S/dc 03/13/90 0340 RESOLUTION NO. qn_l n 1 RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO, CALIFORNIA, ESTABLISHING THE AMOUNT OF AN INFRASTRUCTURE FEE TO BE LEVIED FOR RIGHT-OF-WAY IMPROVEMENTS AND PUBLIC IMPROVEMENTS FOR THE VERDEMONT AREA WHEREAS, the City of San Bernardino, California (the "Ci ty") has adopted an Ordinance (the "Ordinance") amending the San Bernardino Municipal Code and establishing and authorizing the levy of an infrastructure fee (the "Infrastructure Fee") for the purposes of funding the costs of certain Right-of-Way Improvements and Public Improvements, all as more fully described in the Ordinance; and WHEREAS, the City has caused a preparation of certain engineers report entitled "Engineers Report--Right-of-Way Improvements--Verdemont Area" (the "Engineer' s Report") which sets forth the scope and extent of the Right-of-Way Improvements and the Public Improvements required in the Verdemont area of the City (the "Verdemont Area") and sets forth a reasonable methodology and analysis for determination of the impact of development on the need for, and costs of, acquisition, construction and installation of the Right-of-Way Improvements and Public Improvements in the Verdemont Area; and WHEREAS, the City deems it desirable to adopt this Resolution to set the Infrastructure Fee as authorized pursuant to - I - the Ordinance and to provide for any subsequent increases in the amount of the Infrastructure Fee. NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO, CALIFORNIA, DO HEREBY FIND, RESOLVE, DETERMINE AND ORDER AS FOLLOWS: Section 1. Infrastructure Fee. The initial amount of the Infrastructure Fee shall be $7,375.00 per Equivalent Dwelling Unit as said term is defined in the Ordinance. Said Infrastructure Fee shall be subject to increase pursuant to the terms of any subsequent resolutions to be adopted by the Mayor and Common Council which resolutions shall provide for increases to the Infrastructure Fee in order to cover any increase in costs or any administrative and carrying costs incurred in connection with the issuance of bonds or the incurring of any other form of indebtedness required in order to finance the acquisition, construction and installation of all or any portion of the Right-of-Way Improvements and/or the Public Improvements. Section 2. Time of Payment. The Infrastructure Fees as set forth in this Resolution and attributable to a parcel of property of any fee payer or developer wi thin the Verdemont Area shall be paid at the times and in the manner as set forth in the Ordinance; provided, however, that: - 2 - (i) to the extent any fee payer or developer acquires, constructs or installs any Right-of-Way Improvements or Public Improvements within the Verdemont Area such fee payer or developer will receive a credit for the value, as determined by the City Engineer, of such Right-of-Way Improvements and/or Public Improvements which credit will be applied to the amount of the Infrastructure Fee otherwise attributable to such fee payer or developer, or (ii) to the extent any fee payer or developer otherwise subject to the Infrastructure Fee opts to participate in the formation and establishment of a Mello-Roos Community Facilities District (a "CFD") and such fee payer or developer's property is made sUbject to the levy of a CFD special tax in an amount equal to or greater than the aggregate amount of the Infrastructure Fee otherwise attributable to such fee payer or developer and further that such fee payer or developer agrees to pay any and all fees in connection with the formation and administration of the CFD over and above the amounts otherwise required to fund the costs of the Right-of-Way Improvements and the Public Improvements then, such fee payer' s or developer's participation in the CFD shall be deemed a payment in lieu of the Infrastructure Fee, or (iii) any developer or fee payer shall have the option to pay a portion of the initial Infrastructure Fee attributable to such developer or fee payer at the time of issuance of a - 3 - . . building permit for a given project subject to such developer or fee payer's commitment to pay the remaining balance of the Infrastructure Fee as hereinafter provided. In the event a developer or fee payer opts to pay only a portion of the Infrastructure Fee as hereinabove provided, the portion to be paid at the time the developer or fee payer applies for the issuance of a building permit shall equal thirty percent (30%) of the entire Infrastructure Fee attributable to such developer or fee payer and said developer or fee payer will execute an agreement with the City whereby such developer or fee payer will agree to pay the remaining balance of the Infrastructure Fee, with interest accruing at twelve percent (12%) annually, prior to the issuance of a Certificate of Occupancy for such developer's or fee payer's project. To the extent any fee payer or developer opts to pay a portion of the Infrastructure Fee at the time of application of a building permit, such developer or fee payer will be exempt from paying any increases in the amount of the Infrastructure Fee which increases may occur prior to the issuance of the Certificate of Occupancy for such developer's or fee payer's project. Any fee payer or developer may use the credit provided for in (i) hereinabove to apply to amounts which would otherwise be levied as part of the CFD special tax provided for in (ii) hereinabove or as either the downpayment amount or the remaining balance amount described in (iii) hereinabove. - 4 - . -. Section 3. This Resolution shall take effect upon the date of its adoption and shall remain in effect until any subsequent action of the Mayor and Common Council amends this Resolution. I HEREBY CERTI FY adopted by the Mayor San Bernardino at a held on the ] 9th day the following vote, to wit: that and the foregoing Common Council reqular of resolution of the meeting was dUly Ci ty of thereof, 1990, by March AYES: Council Members Estrada. Reilly. Maudsley. Miller NAYS: Council Member Flores ABSENT: rrmn~i 1 Mp-mhp..r~ Minor Pope-Ludlam ~ff~~fd/ ity Clerk day of The foregoing resolution is hereby approved MArch , 1990. c:2/ of Approved as to form and legal content: JAMES F. PENMAN City Attorney By: Oa~~ U /) '9. fre~, - 5 -