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CITY OF SAN BERN.DINO
'. .. I ~L)N~~I
- REQUEST !~o~C;>>:':'~~ L -AJ:ION
.
From:
ROGER G. HARDGRAVE
Subject:
Close Public Hearing
of Verdemont Area Inf
Fee from $7,699 to $1
Adjustment
astructure
500
Dept:
Public:: Works
Date: 1-19-95
Synopsis of Previous Council action:
Ordinance MC 690 adopted levying an infrastructure,fee.
Ordinance ~1C 695 adopted extending effective de.'te o~
Ordinance MC 690.
Resolution 90-2 adopted rev~s~ng the amount ~f an
infrastructure fee to be levied.
Resolution 90-253 adopted revising the amount OIf the
infrastructure fee to be levied, from $7,375 to 6,068
due to deletion of water system.
Resolution 91-9 adopted revising the anount of t e in-
frastructure fee to be levied, from $6,068 to $6,9 6.
Resolution 92-87 adopted revising the amount 0 the
infrastructure fee to be levied, from $6,976 to $7 699.
Public hearing set for Council meeting of 02-20-95~
I
12-04-89 -
01-03-90
01-03-90
06-25-90
01-07-91
03-02-92
02-06-95
Recommended motion:
1.
That the public hearing set at 10:00 a.m., for the r~gUlar
scheduled Council meeting of 02-20-95, to consider adjustm nt of
the Verdemont Area Infrastructure Fee from $7,699 to $1,500, e
closed.
AND
2. Adopt resolution.
cc: Shauna Clark
Jin Penman
Barbara pachon
Contact person:
Gene R. Klatt
Staff Report, Resolution
& Enqineer's Report
Phone:
5125
Supporting data attached:
Ward:
5
FUNDING REQUIREMENTS:
Amount:
N/A
Source:
Acct, Descri tion
Finance:
:::ouncil Notes:
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:s Agenda Item N
15-0262 ~
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I II II!
CITY OF SAN BERN&DINO - REQUEST "" COUNCIL ACTION
STAFF REPORT
Page 1 of 2
In response to concerns of residents, relative to the
lack of certain infrastructure items within the street rights-of-
way, a Verdemont Area Infrastructure Fee was adopted in December,
1989. The purpose of this fee was to provide advance funding to
finance the construction of critically needed street infrastruc-
ture improvements. Provision was also made for financing public
improvements, as identified by the Mayor and Council.
The fee was initially set at $6,068 per equivalent
dwelling unit, with projected annual increases of 15% for the
first three (3) years, and 10% for the next two (2) years.
Construction of the critically needed street improvements
has been accomplished, through Assessment District No. 987 and
revenue received from the Verdemont Infrastructure Fee. The
majori ty of the revenue was generated through Community
Facilities District No. 995, that included seven (7) properties.
Community Facilities District No. 995 has experienced a
significant number of defaults. A refinancing plan has been de-
veloped, in order to relieve the home owners from having to pay
additional taxes. However, the undeveloped parcels will be
required to pay the Verdemont Infrastructure Fee upon develop-
ment.
The owners of the undeveloped properties in the Verdemont
Area have requested that the fee be reduced, in order to
stimulate development. Since the critically needed items of
infrastructure have been constructed, we concur with this
request.
A developer is entitled to be reimbursed, for actual
costs incurred for installing street improvements on the major
streets, under the current program. Reimbursements are paid' from
the Verdemont Infrastructure Fee Fund. No provisions will be made
for reimbursements under the reduced fee.
Since the critically needed street improvements have been
completed, we concur with the property owners' request to reduce
the fee. We recommend that the fee be reduced to $1,500, and be
used to finance public improvements, as determined by the Mayor
and Council, through the Capital Improvement Program.
It is estimated that
amount of $3,750,000.00 in
Verdemont Area.
the adjusted fee will generate an
revenue, upon build out of the
1-19-95
r-
II 1'1
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CITY OF SAN BERt6DINO - REQUEST .eR COUNCIL ACTION
STAFF REPORT
Page 2 of 2
The Third Amendment to the Engineer's Report, entitled,
"Development Infrastructure Fees - Verdemont Area," dated 11-17-
94, has been prepared to support the proposed reduction of the
fee. Factors such as the downturn in the economy, and the desire
to stimulate the economy, are listed in support of the reduction
in the fee. This amendment also provides that the revenue from
the reduced fees will be expended on public improvements, in lieu
of right-of-way improvements.
We recommend that the public hearing be closed, the Third
Amendment to the Engineer's Report be adopted, and the fee
reduced from $7,699.00 to $1,500.00.
1-19-95
75-0264