HomeMy WebLinkAbout1991-06-25; City Council; Resolution 91-197*
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RESOLUTION NO. 91-197
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CARLSBAD, CALIFORNIA, ESTABLISHING ACREDITAGAINST
THE TRAFFIC IMPACT FEE IMPOSED BY RESOLUTION NO.
8660 FOR PROPERTIES WITHIN THE BOUNDARIES OF AND
SUBJECT TO TAXATION BY COMMUNITY FACILITIES
DISTRICT NO. 1
WHEREAS, Resolution No. 8660 establishes the Traffic Impact Fee for
all areas of Carlsbad outside the southeastern area (La Costa area) of the
City of Carlsbad; and
WHEREAS, this Traffic Impact Fee was established to fund
transportation improvements required to serve additional development within
the City of Carlsbad; and
WHEREAS the City has created Community Facilities District No. 1 to
provide a guaranteed funding source capable of issuing bonds or other forms
of debt for the purposes of financing public facilities previously funded from
the Traffic Impact Fee established by Resolution No. 8660; and
WHEREAS, it is appropriate for properties within the boundaries of
and subject to taxation by Community Facilities District No. 1 to receive a
credit against any Traffic Impact Fees to the extent that projects previously
funded through the Traffic Impact Fee will be funded through Community
Facilities District No. 1
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of Carlsbad, California, as follows:
1. That the above recitals are all true and correct.
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2. That properties included within the boundaries of Community
Facilities District No. 1 that are subject to taxation by the District shall
receive a credit against the Traffic Impact Fee established by Resolution No.
8660 to the extent that projects previously funded through the Traffic Impact
Fee will be funded through Community Facilities District No. 1.
3. That the amount of the credit against the existing Traffic
Impact Fee shall be 36% of the existing fee as described in the Community
Facilities District report dated January 22, 1991. The amount of the Traffic
Impact Fee due and payable for properties within the boundaries of and
subject to taxation by the Community Facilities District shall be 64% of the
fee as computed by Resolution No. 8660.
PASSED, APPROVED AND ADOPTED at a regular meeting of
the City Council on the 25th day of June , 1991, by the
following vote, to wit:
AYES: Council Members Lewis, Kulchin, Larson and Stanto
NOES: None
ABSENT: Council Member N
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ATTEST:
ALETHA L. RAUTEWKRANZ, city clerk
(SEAL)