HomeMy WebLinkAboutReso 08-15 Traffic Impact Fee Deferral Program RESOLUTION NO. 8- 15
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
EXTENDING THE TIME PERIOD FOR THE TRAFFIC IMPACT FEE DEFERRAL PROGRAM
AND AMENDING THE TRAFFIC IMPACT FEE PAYMENT DATE
WHEREAS, one of the City Council's Fiscal Year 2009/2010 High Priority Goals and
Objectives was to develop an Economic Incentive Program; and
WHEREAS, on September 1, 2009, the City Council adopted Resolution No. 127-09
approving the Downtown and Eastern Dublin Traffic Impact Fee (TIF) Deferral Program for non-
residential projects ("the Program"); and
WHEREAS, the Program allows non-residential developers to defer Downtown and
Eastern Dublin Traffic Impact Fees from building permit issuance to the issuance of the first
permanent utility meter for the project; and
WHEREAS, on June 21, 2011, the City Council adopted Resolution No. 95-11 approving
an extension of the Program for Fiscal Years 2011-12 and 2012-13, and amended the final TIF
payment date to June 30, 2015; 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, on May 21, 2013, the City Council adopted Resolution No. 62-13 approving
an extension of the Program for Fiscal Years 2013-14 and 2014-15, and amended the final TIF
payment date to June 30, 2015; and
WHEREAS, the Program, as adopted by Resolution No. 62-13, was to run for Fiscal
Years 2013-14 and 2014-15; and
WHEREAS, Staff recommends extending the Program for Fiscal Years 2015-16, 2016-
17, 2017-18, 2018-19, and 2019-2020, and amend the TIF payment date from June 30, 2017 to
June 30, 2022, two years following the completion of the extended Program.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does
hereby amend the Program as follows:
1. The program shall run through the end of Fiscal Year 2019-20.
2. All Traffic Impact Fees deferred pursuant to the Program shall be paid no later than
June 30, 2022 if said fees have not already been paid upon issuance of the first permanent
utility meter for a project.
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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
Mayor
ATTEST:
City Clerk
Reso No. 8-15,Adopted 1-20-15, Item 4.10 Page 2 of 2