FROM:
Engineering
SUBJECT:
Title
Approve a Development Impact Fee Credit Agreement for Parcel Map No. 20215
End
RECOMMENDATION:
Recommendation
Approve and authorize the City Manager to enter into a Development Impact Fee Credit Agreement with CIVF VI - CA1W02, LLC, a Delaware limited liability company, for the construction of Sewer, Storm Drain, and Circulation for Parcel Map No. 20215.
End
COUNCIL GOALS:
• To invest in the City’s infrastructure (streets, sewers, parks, etc.) by providing for the development of new infrastructure.
DISCUSSION:
On January 19, 2021, the Planning Commission approved Tentative Parcel Map No. 20215 (TPM No. 20-000008) and Design Review No. 20-000010. The Developer is developing an 87,890 square foot warehouse building (84,444 square foot warehouse and 3,446 square foot mezzanine) on the property more particularly described as Parcel Map No. 20215, located at the northwest corner of Oleander Avenue and Boyle Avenue.
Chapter 21, Article VI - Construction and/or Dedication In-Lieu of Development Impact Fees (Sections 21-151 through 21-154) of the Fontana Municipal Code establishes a policy allowing in-lieu fee credit agreements between the City and Developers. This provides an alternative method for satisfying a Developer's obligation to mitigate impacts from the development other than through payment of development impact fees.
This Development Impact Fee Credit Agreement will provide fee credits toward the applicant's development impact fee obligations for the construction of Sewer, Storm Drain, and Circulation at Oleander Avenue and Slover Avenue.
The revised infrastructure fees are identified as follows:
FISCAL IMPACT:
The approval of the Development Impact Fee Credit Agreement results in a reduction of the Developer's Sewer (Connection), Storm Drain, and Circulation fees for the project. This is possible since the Developer will be constructing improvements valued at $556,745.49, which exceeds the fee obligation of $401,033.66. The Developer is still obligated to pay the remaining Storm Drain fee of $54,888.67 and Circulation fee of $6,511.69.
MOTION:
Approve staff recommendation.