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HomeMy WebLinkAboutReso 07-15 Multi Family Dev Fee Deferral Program RESOLUTION NO. 7- 15 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN EXTENDING THE TIME PERIOD FOR THE TRANSIT DISTRICT MULTI-FAMILY RESIDENTIAL DEVELOPMENT FEE DEFERRAL PROGRAM WHEREAS, on December 20, 2011, the City Council adopted Resolution No. 215-11 approving the Transit District Multi-Family Residential Development Fee Deferral Program ("the Program"); and WHEREAS, the Program allows developers to defer certain fees until just prior to installation of the first City-released utility meter for developments within the Transit District areas of Dublin — East and West Dublin BART stations - involving multi-family residential projects of 20 or more units; and WHEREAS, the Program, as adopted by Resolution No. 215-11, was to run for Fiscal Years 2011-12 and 2012-13; and WHEREAS, the City Council adopted an Economic Development Strategy on November 6, 2012, which includes the continuation of economic incentives as a strategic priority; and WHEREAS, the Program, as adopted by Resolution 63-13, was to run for Fiscal Years 2013-14 and 2014-15; and WHEREAS, Staff recommends extending the Program for Fiscal Years 2015-16 through 2019-2020. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does hereby amend the Program to run through the end of Fiscal Year 2019-20. PASSED, APPROVED AND ADOPTED this 20th day of January, 2015 by the following vote: AYES: Councilmembers Biddle, Gupta, Hart, and Mayor Haubert NOES: None ABSENT: None ABSTAIN: None • k 4 Mayor ATTEST: CA/I/P �c c City Clerk Reso No 7-15,Adopted 1-20-15, Item 4.10 Page 1 of 1