HomeMy WebLinkAboutReso 01-08 Traffic Mitigation Contrib
RJESOl.UTUlN NO 01 - 08
A RESOl.UTiON OF THE CiTY COUNCIl.
OlF THE CiTY OF DUlBl.IN
*********
MAKJ[NG IF'iNDINGS REGARDING UNEXPENDED
TRAFlFiC MiTiGA'fION CON'fIDlBlUTiONS lFOR lFISCAl. YlEAR 2006-2007
Recital
The CIty has collected contnbutIOns for completIOn of off-sIte publIc traffic Improvements needed
as a result of new development, which will not be expended WIthm five years after deposIt The
Improvements are descnbed In the Flscal Year 2007/08 Update to the 2006-2011 Capital
Improvement Program and Include the Improvements descnbed below
Unexpended Developer
Rd
Deposit Balances
as of June 30, 2007
$294,364
$415,944
$148,791
$ 51,507
$500,848
$ 33,562
PrOject Name
2 The SlX Projects descnbed In the recital above are referred to as the "SIX Traffic Improvements"
lFmdm2s
The CIty CouncIl finds, on the basis of the foregoIng RecItals, that
A The contnbutlOns wluch have been collected for the SIX Traffic Improvements WIll remam
unexpended after FISCal Year 2006-2007,
B The contnbutlOns whIch have been collected for the SIX Traffic Improvements Will remam
committed for constructlOn of the Improvements ldentified In the adopted CapItal Improvement
Program,
C The purpose for whIch the contnbutlOns Will be used IS constructlOn of the SIX Traffic
Improvements, as descnbed above and In the 2006 - 2011 CapItal Improvement Program (As
Updated for FIscal Year 2007/08) ,
D The contributIOns were collected to make the SIX Traffic Improvements, whIch Improvements Will
mitigate traffic Impacts caused by the new development projects which patd the contributIOns, and
Reso No 01-08, Adopted 1/15/08, Item 4 3 Page I of 2
E The contnbutlOns which have been collected for the SIX Traffic Improvements are needed for
constructIon of the SIX Traffic Improvements
JP ASSED, APPROVED AND ADOPTED thIS 15th day of January, 2008, by the folloWing vote
A YES CouncIl members HIldenbrand, Oravetz, Sbrantt and Scholz, and Mayor Lockhart
NOES None
ABSENT None
ABS'fA1lN None
AT71w! I fj-
Deputy CIty Clerk
Reso No 0 I 08 Adopted 1/15108 Item 4 3
Page 2 of2