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HomeMy WebLinkAboutCC RES 08-72RESOLUTION NO. 08-72 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN CREATING AN ECONOMIC STIMULUS PROGRAM FOR NEW RESIDENTIAL DEVELOPMENT BY TEMPORARILY SUPERSEDING THE PROVISIONS OF VARIOUS ORDINANCES HERETOFORE ADOPTED RELATING TO THE REQUIRED TIME OF PAYMENT OF SPECIFIC DEVELOPMENT IMPACT FEES The City Council does hereby resolve as follows: The City Council finds and determines as follows: A. That the City Council of the City of Tustin has adopted certain fees and charges relating to mitigation of the impact of new residential development upon City municipal services and infrastructure such as roadways, parks, and other public facilities (hereinafter collectively the "Development Impact Fees"); B. That pursuant to the provisions of the Tustin Municipal Code said Development Impact Fees are currently required to be paid by the developers of new residential units at the time of issuance of building permits or priorto recordation of final tract map for construction of such residential units; C. That due to recent changes in economic conditions relating to the housing market throughout the nation, including in the City of Tustin, construction of many residential projects heretofore approved, or in the process of being approved, by the City of Tustin have slowed down due to such economic conditions; D. That the City of Tustin relies on new residential development in the City to stimulate the local economy and provide direct and indirect benefits to the City and its residents and businesses by creating construction jobs, new market-rate and affordable housing units and new tax bases and revenues to the community; E. That it is therefore in the public interest and to the public benefit for the City Council to stimulate and encourage new residential development in the City of Tustin by the adoption a resolution creating Economic Stimulus Program for Residential Development. II. The City Council hereby adopts the measures hereinafter set forth which shall be known and referred to as the Economic Stimulus Program for New Residential Development. III. Notwithstanding any provision of any other ordinance or resolution heretofore Resolution No. 08-72 Page 1 of 4 adopted to the contrary, the payment of the following specific Development Impact Fees for construction of new residential units in the City of Tustin shall be deferred until, and collection thereof by the responsible City agency, department, official or employee shall be made prior to final inspection or issuance of a Certificate of Occupancy for such residential units by the City of Tustin, whichever occurs earlier, or such other time as expressly hereinafter provided: 1. New Construction Tax required pursuant to Section 2601 of the Tustin City Code. 2. Parkland Dedication in lieu Fees required pursuant to Section 9331 d3 of the Tustin City Code. 3. Sanitation Districts Fees, School Fees, and Transportation System Improvement Program (TSIP) Fees if authorized by the respective agencies. III. Final inspection of construction shall not occur, and no certificate of occupancy for any new residential units shall be issued by the City of Tustin, until payment of such Development Impact Fees are made to the City of Tustin in full. The amount of the Development Impact Fees due and payable shall be based upon the fee schedules and amounts in effect at the time said Development Impact Fees would have been due and payable in the absence of this resolution. IV. Payment of such Development Impact Fees shall be deemed a debt due and owning to the City of Tustin at such time which debt shall only be deemed satisfied and discharged upon payment in full to the City of Tustin. V. The provisions of this resolution for deferral of payment of Development Impact Fees shall expire one year from the date of the adoption of this resolution unless the City Council shall have first acted to extend or otherwise alter the provisions of this resolution prior to that time. VI. Nothing contained in this resolution shall be deemed to authorize or permit the deferral of payment of any fee or charge imposed upon residential development within the City of Tustin except for those Development Impact Fees expressly enumerated in Section II hereof. VII. Nothing contained in this resolution shall be deemed to create any new fee charge, or increase any existing fee or charge, to which the procedures specified in Section 66017 of the Government Code of the State of California would be applicable. VIII. As a condition of the deferment of time of payment of any Development Impact Fee(s) pursuant to this resolution, the City shall require the property owner, or lessee if the lessee's interest appears of record, prior to and as a condition of issuance of the building permit, to execute either a contract secured by a lien or a letter of agreement secured by a irrevocable letter of credit and/or bond. In either event, the Development Impact Fee(s) shall be paid prior to final inspection or issuance of a Certificate of Occupancy, whichever occurs earlier, asset forth below. (a) With regard to a contract, the obligation to pay the Development Impact Resolution No. 08-72 Page 2 of 4 Fee(s) shall inure to the benefit of, and be enforceable by, the City regardless of whether the City is a party to the contract. The contract shall contain a legal description of the property affected, shall be recorded in the office of the county recorder of Orange County and, from the date of recordation, shall constitute a lien for the payment of the Development Impact Fee(s) which shall be enforceable against successors in interest to the property owner or lessee at the time of issuance of the building permit. The contract shall be recorded in the grantor-grantee index in the name of the City of Tustin as grantee and in the name of the property owner or lessee as grantor. The City shall record a release of the obligation, containing a legal description of the property, when the obligation is paid in full. The contract shall require the property owner or lessee to provide appropriate notification of the opening of any escrow for the sale of the property for which the building permit was issued and to provide in the escrow instructions that the fee or charge be paid to the City of Tustin from the sale proceeds in escrow prior to disbursing proceeds to the seller. The executed contract shall be deemed to supersede any conflicting provision contained in any applicable development agreement with regard to the time of payment of any Development Impact Fee(s). (b) As an alternate to recording a contract that constitutes a lien, the property owner or lessee if the lessee's interest appears of record may, prior to and as a condition of issuance of the building permit, execute a letter of agreement and provide an irrevocable letterof credit and/or bond pursuant to procedures established by the Director of Community Development. PASSED AND ADOPTED at a regular meeting of the City Council of the City of Tustin, held on the 7~' day of October, 2008. PAMELA STOKER, City Clerk Resolution No. 08-72 Page 3 of 4 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF TUSTIN ) I, Pamela Stoker, City Clerk and ex-officio Clerk of the City Council of the City of Tustin, California, do hereby certify that the whole number of the members of the City Council of the City of Tustin is five; that the above and foregoing Resolution No. 08-72 was duly passed and adopted at a regular meeting of the Tustin City Council, held on the 7~' day of October, 2008, by the following vote: COUNCILMEMBER AYES: Amante, Davert, Bone, Kawashima, Palmer (5) COUNCILMEMBER NOES: None (0) COUNCILMEMBER ABSTAINED: None (0) COUNCILMEMBER ABSENT: None (0) PAMELA STOKER City Clerk Resolution No. 08-72 Page 4 of 4