2005-235RESOLUTION N0.2005- 235
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM ADNSTING THE AMOUNT OF THE PARK IN-
LIEU FEE FOR THE PLATINUM TRIANGLE AREA AND
RESCINDING RESOLUTION N0.2004R-179.
WHEREAS, the City Council has heretofore adopted and amended Sections
17.34.010,17.34.030,17.08.240,17.08.250and 11.08.26017.34.010,17.34.020,17.34.030 ofthe
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 for the Platinum Triangle Area 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 determines 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 Two
Million, Nine Hundred Forty Thousand, Three Hundred Dollars ($2,940,300.00) per acre; and.
WHEREAS, in accordance with this formula, the park in lieu fees for the Platinum
Triangle may not exceed $9,37$.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 park in lieu fees for fiscal year 2005-2006 should not be increased above the
prior fiscal year by a percentage greater than fifteen percent { 15%).
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
within the Platinum Triangle Area is:
15% Increase from FY 04105
1. 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BE IT FURTHER RESOLVED that Resolution No. 2004R-179 shall be rescinded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 20thday of December , 2005, by the following roll call
vote:
AYES: Mayor Pringle, Council Members Sidhu, Hernandez, Galloway, Chavez
NOES: None
ABSENT: None
ABSTAIN: None
CTfY O AHEIM
By
MA OR OF THE C O AHEIM
ATTES
C CLERK F TH CITY OF ANAHEIM
40023.10
2