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HomeMy WebLinkAbout09_063 CC Resolution ' RESOLUTION NO. 09-63 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TEMECULA SUSPENDING THE AUTOMATIC ANNUAL ADJUSTMENT OF DEVELOPMENT IMPACT FEES FOR THE FISCAL YEAR 2009-10 AND RETAINING THE SAME DEVELOPMENT IMPACT FEES FOR FISCAL YEAR 2009-10 AS WERE IN EFFECT FOR FISCAL YEAR 2008-09 THE CITY COUNCIL OF THE CITY OF TEMECULA DOES HEREBY RESOLVE AS FOLLOWS: Section 1. The City Council of the City of Temecula does hereby find, determine and declare that: A. Pursuant to Chapter 15.06 of the Temecula Municipal Code, the City of Temecula imposes a variety of development impact fees ("DIP') in accordance with State law in order to offset the costs to the City of providing public facilities to serve new development. B. Resolution No. 03-63, adopted on May 27, 2003, provides for an ' automatic annual adjustment of both residential and non-residential DIF based on the percentage change, if any, of the Engineering News Record Building Cost Index ("BCI") for the Los Angeles Metropolitan Area BCI. C. Recent changes in the real estate market have created significant hardships for the development of many types of projects, including residential, commercial, and industrial projects and the consequent loss of many jobs and businesses in the City. D. By the adoption of this Resolution, the City Council intends to reduce development costs so as to support the local economy and assist in the creation and maintenance of jobs and businesses in the City. Section 2. The automatic annual adjustment provision described in Section 1.C. of Resolution No. 03-63 is temporarily suspended for DIF fees required to be paid in fiscal year 2009-10 between July 1, 2009 and June 30, 2010. Therefore, DIF required to be paid beginning July 1, 2009 shall remain the same as those in effect in fiscal year 2008-09. The automatic annual adjustment provisions of Section 1.C. of Resolution No. 03-63 shall resume and be in effect for fiscal year 2010-11. Section 3. Except as specifically provided in this Resolution, all other terms of Resolution No. 03-63 shall remain in full force and effect. ' Section 4. This Resolution shall be effective on July 1, 2009. R:/Resos 2009/Resos 09.63 1 Section 5. The City Clerk shall certify the adoption of this resolution. ' PASSED, APPROVED, AND ADOPTED by the City Council of the City of Temecula this 23rd day of June, 2009. Maryann Edwards, Mayor ATTEST: 6Susbn Jon [SEAL) STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss CITY OF TEMECULA ) I, Susan W. Jones, MMC, City Clerk of the City of Temecula, do hereby certify that the foregoing Resolution No. 09-63 was duly and regularly adopted by the City Council of the City of Temecula at a meeting thereof held on the 23rd day of June, 2009, by the following vote: AYES: 3 COUNCIL MEMBERS: Comerchero, Naggar, Edwards NOES: 0 COUNCIL MEMBERS: None ABSENT: 2 COUNCIL MEMBERS: Roberts, Washington ABSTAIN: 0 COUNCIL MEMBERS: None Susan . Jones, MMC ' City Clerk R:/Resos 2009/Resos 09-63 2