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02-04-1992 - Policy for Phasing of Payment of Park Feesi • City of West Covina TO: City Ma►,..�er and City Council FROM: Harry W. Thomas. Memorandum l SUBJECT: Policy for Phasing of Payment of Park Fee AGENDA ITEM NO. D-1 Summary: In the current economic conditions, the payment of the park fee by the subdivider/developer DATE February 4, 1992 is a significant expenditure. To ease the burden on subdividers/developer while protecting the interests .of the City, staff is proposing a policy for the phasing of the payment of the park. fee. Background: In accordance with the State Map Act, Section 66477 of the Government Code, and, Municipal Code Section 20-40, subdivisions are subject to a park dedication requirement, or in lieu thereof, payment of a fee equivalent.to the value of the otherwise required dedication. Since the park areas in the City are already established, almost all subdivisions are required to pay a.fee rather than dedicate land. The fee is the value of the otherwise. required dedication with the amount of dedication being three acres per thousand (1000) prospective residents of the subdivision and with the number of prospective residents being the number of units times the average number of persons per dwelling unit throughout the City based on the latest available federal census. The 1990 Census indicates 3.3 persons per dwelling unit. As an example, a 100 lot subdivision would have a prospective 330 residents and based on . three acres per 1000 residents, the required park dedication would be one acre. Land values vary from $10 to $15 per square foot depending upon location. Therefore, the in -lieu park fee would be between $435,000 and $652,000. Although, the Government. Code provides that all other fees associated with subdivisions and developments are only payable as they become appropriate, the payment of the park fee is specifically excluded. However, the Government Code provides that the City may enter .into agreements covering the phasing. of any payments for amounts owing to the City. Therefore, the phasing of the payment of park fees is permitted and would be in conformance with the application of all other fees. Since the phasing of the park fee is not required by law, it is a discretionary act of the City. The City has already approved and entered. into an agreement with Lewis Homes for the phasing of the payment of the park fee for their Sunset Palms subdivision. Taico Properties Inc. is in the process of preparing a similar agreement for their subdivision at Aroma and Donna Beth. Also, staff has had telephone inquiries from at least two other subdividers of small subdivisions (4 to 12 lots) concerning the phasing of their park fees. A City policy is needed in responding to similar requests. Analysis: The park fee is required to be expended on park development/improvement and/or recreational facilities which benefit the residents of the subdivision. The normal procedure is that the park fee.is paid at the time of final approval of the subdivision map by the City Council. This _procedure provided the entire park fee to the City prior to there being any residents within the subdivision to benefit from the fee. Phasing of the payment of the park fees in relation to the build -out of the subdivision satisfies the intent of the requirement for the park fee by matching the payment rate to the increased burden on City park and recreation facilities. As long as the phasing agreement has provisions for adjustments in the fee based on changes in property values and/or unit occupancy over time, the City's revenue stream should be adequately protected. As long as the agreement provides for payments preceding construction of related dwelling units, the payments will precede the provision of the benefits to the prospective residents. Therefore, the City's and residents' interests can be protected while providing the subdivider with a more realistic and financially acceptable schedule for payment of the park fee. fee -phase City Manager and City C&il i Policy for Phasing of Payment of Park Fee February 4, 1992 Page 2 Analysis - contd.: Also, under Section 26-204 of the Municipal Code, multiple -family residential developments are subject to park fees in the same manner as subdivisions. Normally multiple -family developments are not phased and would 'not need a phasing of the payments of park fees. However, there may be instances where:a developer desires to phase construction and where a phasing of the payment of the park fee would be appropriate. Therefore,, the proposed policy is structured so as not to preclude appropriate multiple -family developments from using the policy. Fiscal Impact: The City normally receives the park fee at the time of final subdivision map approval by the City Council. Phasing of the payment of the park fee results in the City receiving a partial fee payment at the time of the final map; approval and the remainder of the park fee being paid as build -out of the subdivision occurs. The fiscal impact is the loss of the use of the money by the City during the period of time that the payments .are phased. This loss is at least partially offset by requiring recalculation of the phased portions of the park fee based on then current land values and/or unit occupancy. Alternatives: The alternative to providing for phasing ,the payments of the park fee is to continue, as permitted by current state law, the payment in full of the park fee prior to final map approval by the City Council. The staff recommended policy for the phasing of payments ofthe park fee could be adjusted by the City Council: The recommended; policy is attached to this report and the primary components, which are subject to change, are as follows:. 1) The minimum size of the subdivision/development to qualify for phasing of payments of park fees is recommended to be 50 parcels/lots/units due to the work involved. The minimum size could be reduced or increased as desired by the City Council. 2) To encourage the build -out of the subdivision/development in fair sized increments, the phased payments are recommended to be at least one third (1/3) of the park fee resulting in a maximum of three (3) payments. The City Council could adjust this to a lower percentage with more payments (i.e., 1/4 of fee = 4 payments), or could adjust it to a higher percentage with less payments (i.e., 1/2 of fee = 2 payments). 3) To protect the City in the event of rising land values and to protect the subdivider/developer in the event of falling land values, the park fee is recommended to be recomputed at the time of each payment. The City Council could provide for only applying park fee computed at the time of the final subdivision map approval by the City Council, or at the time of initial building permit issuance for multiple -family developments. fewphasc City Manager and CityOuncil • Policy for Phasing of Payment of Park Fee February 4, 1992 Page 3 Recommendation: Staff recommends that the City Council approve the Policy for Phasing of Payments of Park Fees.. W. Thomas Public Works Division Manager/City Engineer HWT/TMM/cn Prophase POLICY FOR PHASING OF PAYMENTS OF PARK FEES .a 1) Phasing of park fees shall only be considered when such phasing will clearly facilitate the development of housing that would otherwise not be constructed or where construction would be significantly delayed. 2) Where the City has constructed or has programmed for construction park and/or recreation facilities that would benefit future residents of the development and where funds other than those dedicated for such purposes have been used or will be needed if park fees are deferred, request for a park fee phasing agreement may be denied. 3) The approval of any agreement, including the details therein, for the phasing of payments of park fees shall be at the discretion of the City Council. Compliance with the provisions of this policy is not an assurance of City. Council approval. Consideration will be given on a case -by -case basis. 4) Due to the work involved in preparing, processing, and monitoring agreements, this policy may only be applied to subdivisions/developments exceeding 49 parcels/lots/units. Subdivisions/developments, consisting of 49 or less parcels/lots/units will pay the park fee at the time of final map approval, or at the time of initial building permit issuance for multiple -family developments unless different provisions are required by state law. 5) At least one third (1/3) of the park fee shall be paid prior to final map recordation, and/or initial building permit issuance. At least another one third (1/3) of the then current park fee shall be paid prior to the issuance of a building permit for any dwelling unit that would exceed 29 % of the total dwelling units. The remainder of the then current park fee shall be paid prior to the issuance of a building permit for any dwelling unit that would exceed 59 % of the total dwelling units. 6) The "current park fee" shall be the re -computed park fee at the time of any payment. The recomputation shall include any .changes in land values and any changes in average number of persons per dwelling unit within West Covina. The recomputation shall only be applicable to the unpaid portion of the park fee. fee -phase