HomeMy WebLinkAboutReso 1992-16614 NOT APPROVED
RESOLUTION NO. 16614
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING CHANGES TO THE IN-LIEU PARKING FEE
POLICY TO ESTABLISH A NEW FORMULA AND IMPLEMENTING THE
RESULTING FEE INCREASE IN TWO PHASES
WHEREAS, Section 19.62.040 of the Chula Vista Municipal Code states that
the In-Lieu Parking Fee is based upon twenty-five percent (254) of the fair
market value of that portion of the property which would have been required to
be developed for parking purposes; and,
WHEREAS, for the purpose of determining the amount of the fee the City
Council adopted the In-Lieu Parking Fee Policy which contains the formula that
determines said fee; and,
WHEREAS, it has been determined that changes in market conditions and City
requirements require that several changes be made to the In-Lieu Parking Fee
Policy as follow:
1. Increase the land area required to construct a parking space from
350 square feet to 406 square feet.
2. Increase the fair market value of land for the purpose of
determining the In-Lieu Parking Fee from $20 per square foot to $25
per square foot.
3. Add a factor to reflect the City's cost of construction of the
required parking spaces and require that the developer pay for one-
half (1/2) of this cost. The figure used to determine the fee
should be $4,362 per parking space.
WHEREAS, in response to the need for changes, a revised In-Lieu Parking Fee
Policy has been developed and it is hereby attached to this resolution as Exhibit
A; and,
WHEREAS, the resulting fee from this policy is $4,670 per parking space;
WHEREAS, it has also been determined that it will be more appropriate to
apply the fee increase resulting from the new formula in two phases; and,
WHEREAS, this resolution was adopted at a duly noticed and held public
meeting of the City Council.
THE CITY COUNCIL OF THE CITY OF CHULA VISTA does hereby resolve:
1. Approves the changes to the In-Lieu Parking Fee Policy and approves
the new policy attached as Exhibit A for the purpose of determining
the In-Lieu Parking Fee; and,
Resolution No. 16614
Page 2
2. Approves the implementation of the resulting fee in two phases as
follows:
a.From July 1, 1992 to June 30, 1993, the In-Lieu Parking Fee
will be $3,210 per parking space.
b. As of July 1, 1993, the fee will be $4,670 per parking space
until the Agency and City Council determine that it is
necessary to change this amount.
Presented by Approved as to form by
Chris Salomone Bruce M. Boogaard
Community Development Director City Attorney
Resolution No. 16614
IN-LIEU PARKING FEF~ POLICY FOR SUBAREA 1 OF THE Page 3
CHULA VISTA TO~rN' CENTRE PRO3F_~T AREA
1. Any developer of a new commercial building within the Downtown Parking D~slzict, in Subarea
1 of the Chula Vista Town Centre No. I Project Azea, except for the lands situated within the
Townsit~ Focus Area, or any developer of an addition to an existing comm~&al building therein,
s~all pay an In-I~eu Parking Fee to the City of Chula V'~a prior to the issuance of a Building
Pennit for such new building or addition.
2. The In-Lieu Parking Fee, which shall be computed by the Director of Finance in each applicable
case, is predicated upon one-fourth of the fair market value of the land which the developer would
normally be required to devote to off-street parking plus one-half of the City's cost of construction
of said potking, and shall be based upon the following formula:
In-Lieu Fee ($) -- No. of required spaces x 350 x fair market value of land ($/3c1.
Ft.) + One-half of the City's cost of Construction
No. of Required Spaces = 0if-street parking spaces re~luired for a new building or
addition under the City of Chnia Vista's zoning regulations, if
the building or gidition were not within the Downtown Parking
District.
350 -- The square footage of a standard parking space and its
sppurtenant maneuvering area, landscaping, and driveways.
Fair Market Value: Recently appraised or estimated value. Where acceptable to
the developer, the Director of Finance shall accept $10 per
square foot as the fair market value of conm~ercial land within
the Town C.~tre No. I PrOject Area. If an appraisal is
required, the developer shall pay the cost of such.
City'~ cost of parking
construction ~- Based on the City's cost of the following items:
· Acquisition of land
· Relocetion of tenants Of applicable)
· Demolition of existing s~ttlras 0f any)
· Design of par~!ng lot
· Conswuctlon of parl~ng lot.
3, ALl of the fees collected under this policy shah be credited to the account of the Parking Place
Commission and shall be used for the purchase or development of parking s~tes which ~
generally and direc~y benefit Subarea 1 of the Town Cen~ No. 1 Project Area.
4. The In-Lieu Parking Fee Policy i~, not applicable to development within the townsite Focus A~ca.
5. The Director of Community Development shall have the continuing responm'bility of monitoring
land values within the Town Centre Project Area, and of recommending changes in the In~Lien
Fee's formula, where such are in&cated.
E~H~IT A
Resolution No. 16614
Page 4
NOT PASSED, APPROVED and ADOPTED by the City Council of the City of Chula
Vista, California, this 5th day of May, 1992, by the following vote:
YES: Councilmembers: Moore, Rindone, Nader
NOES: Councilmembers: Malcolm
ABSENT: Councilmembers: Grasser Horton
ABSTAIN: Councilmembers: None
Tim Nader, Mayor
ATTEST:
Beverly A. Authelet, City Clerk