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RES-2007-110RESOLUTION NO. 2007- 110 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM ADJUSTING THE AMOUNT OF THE PARK IN -LIEU FEE AND RESCINDING RESOLUTION NO. 2006-141 WHEREAS, the City Council has heretofore adopted and amended Sections 1 7.08.240, 17.08.250, 17.08.260, 17.34.010, 17.34.020, and 17.34.030 of the Anaheim Municipal Code establishing a formula for determining maximum park and recreation land dedication or in -lieu fees for the City of Anaheim; and WHEREAS, the following fees to be charged do not exceed the actual cost of acquisition and development of parks in the City of Anaheim and do not exceed the maximum fees authorized pursuant to said sections of the Anaheim Municipal Code; and WHEREAS, the City Council hereby finds and determined that the average cost of park development is One Hundred Eighty -Five Thousand, Nine Hundred Thirteen Dollars and Thirty-Four Cents ($185,913.34) per acre and the average cost of park land acquisition is One Million, One Thousand, Eight Hundred Eighty Dollars ($1,001,880.00) per acre; and WHEREAS, in accordance with this formula, the park in lieu fees for single family apartment units and mobile homes would range from Eight Thousand Four Hundred Fifty -Seven Dollars and Nine Cents ($8,457.09) through Five Thousand Nine Hundred Sixty -Two Dollars and Seventy -One Cents ($5,962.71); and WHEREAS, the City Council believes it is in the best interests of the City of Anaheim and in concert with the desire of the City Council to maintain a stable economic environment that the park in lieu fees for fiscal year 2007 -2008 should not increase above the prior fiscal year. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Anaheim that the park in -lieu fee to be paid as a condition of development of each residential unit is: Single Family Detached Units: 86,936.46 Single Family Attached Units: 85,388.14 Apartment Units 2 to 4 Units: 86,998.39 Apartment Units 5 or more Units: 85,408.78 Mobile Home Unit: $4,149.49 BE IT FURTHER RESOLVED that this Resolution shall become operative sixty (60) days following its date of adoption. BE IT FURTHER RESOLVED that Resolution No. 2006 -141 shall be rescinded upon the operative date of this Resolution. THE FOREGOING RESOLUTION is approved and adopted by the City Council of the City of Anaheim this 19u iDay of are 2007, by the following roll call vote: AYES: Pringle, camel Mates HerrE}dez, Sidle, Gal lcuay, Kring NOES: NavE ABSENT:. N.1E ABSTAIN NiE CITY NAHEIM By MA R OF THE CI O NAHEIM ATTEST: CITY CLERK OF THE CIT F ANAHEIM 65226.v}