RES-2006-140RESOLUTION N0.2006- 140
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM ADJUSTING THE AMOUNT OF THE PARK IN
LIEU FEE FOR THE PLAT11vUM TRIANGLE AREA AND
RESCINDING RESOLUTION N0.2005-235
WI~REAS, the City Council has heretofore adopted and amended
Sections 17.08.240, 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 pazk and
recreation land dedication or in-lieu fees for the City of Anaheim; and
WHEREAS, the following fees to be chazged do not exceed the actual cost
of acquisition and development of pazks 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 fords and determined that the
average cost of pazk 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 Two Million, Nine Hundred Forty Thousand, Three Hundred
Dollars ($2,940,300.00) per acre; and
WHEREAS, in accordance with this formula, the pazk in lieu fees for the
Platinum Triangle may not exceed Nine Thousand Three Hundred Seventy-Eight Dollars
and Sixty-Four Cents ($9,378.64); 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 pazk in lieu fees for fiscal yeaz 2006-2007 should not
increase above the prior fiscal yeaz.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of Anaheim that the pazk in-lieu fee to be paid as a condition of development of each
residential unit within the Platinum Triangle Area is:
Platinum Triangle Residential Unit: $8,114.01
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. 2005-235 shall be
rescinded upon the operative date of this Resolution.
THE FOREGOING RESOLUTION is approved and adopted by the Ciry
Council of thg City of Anaheim this 2U Day of June , 2006, by the following roll call
vote:
AYES: Mayor Pringle, Council Members Sidhu, Hernaadez, Galxoway, Chavez
NOES: None
ABSENT: None
ABSTAIN None
CITY OF IM
By
MAYOR OF THE CITY OF AN IM
ATTEST:
CITY C K OF CITY OF AHEIM
61101.1/clt/3/15/06