HomeMy WebLinkAboutAgenda Statement 1980/04/10 Item 04
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COUNCIL CONFERENCE
AGENDA STATEMENT
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Meeting Date 4/10/80
ITEM TITLE: Resolution /t)t).5'f"- Authorizing release of residential construction
tax and park fees - Twin Oaks Condominiums
SUBMITTED BY: Ci ty Attorney
(4/5ths Vote: Yes
No~)
BACKGROUND:
The developers of Twin Oaks Condominiums have requested a refund of
their residential construction tax and park fees.
RECO~~lliNDATION: It is my recommendation that we approve the refund
of the residential construction tax and park fees. I
DISCUSSION:
The developers of Twin Oaks Condominiums have recently had their
final map approved by the City Council. Since then their financing
has fallen through and they will not be able to go ahead with their
project in the immedlate future. They have requested that we refund
to them their residential construction tax in the amount of $5,500
and park fess in the amount of $4,800. They have returned their
final map to the City and the final map will expire within 60 days
by its own terms. This will mean that they will again go through
the final map approval procedure at which time they would have to
submit these fees.
FISCAL IMPACT:
Not Applicable
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Form A-113C (11/79)
Other
ENVIRONMENTAL DOCUMENT: Attached Submitted on
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EXHIBITS
Agreement_____ Resolution~ Ordinance_____ Plat_____ Notification List
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