HomeMy WebLinkAbout2007-30 - In-Lieu Park Dedication FeesRESOLUTION NO. 2007 -30
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT
BEACH ESTABLISHING THE FAIR MARKET VALUE PER ACRE TO
BE USED IN ASSESSING IN -LIEU PARK DEDICATION FEES
PURSUANT TO SECTION 19.52.070 OF THE NEWPORT BEACH
MUNICIPAL CODE AND RESCINDING RESOLUTION NO. 88 -12
WHEREAS, Chapter 19.52 of the Newport Beach Municipal Code establishes a
parkland dedication standard of five (5) acres per thousand population expected to
reside in new residential subdivisions; and
WHEREAS, in subdivisions containing 50 lots or less, the subdivider may pay
an in -lieu fee equal to the value of land required for dedication; and
WHEREAS, in subdivisions containing more than 50 lots, the decision making
body may require land dedication, in -lieu fee, or a combination of the two; and
WHEREAS, Chapter 19.52 establishes that when a fee is required to be paid in-
lieu of land dedication, that fee shall be equal to the acreage of land which would
otherwise be required to be dedicated, multiplied by the fair market value per acre as
established by periodic appraisal prepared by the City; and
WHEREAS, the City has retained a qualified appraiser to update and establish
the fair market value per acre; and
WHEREAS, the results of the appraisals of two park sites in the City have
established an average value of $2,500,000 as the fair market value per acre; and
WHEREAS, said fair market value would establish an In -Lieu Park Dedication
Fee of $26,125 per new residential unit created by an approved subdivision; and
WHEREAS, Resolution 88 -12 previously established the fair market value per
acre to be used in computing In -Lieu Park Dedication Fees, and said Resolution is to be
hereby superseded and rescinded; and
WHEREAS, the City Council has reviewed the appraisal reports and determines
the average fair, market cost per acre to be appropriate,
NOW, THEREFORE, the City Council of the City of Newport Beach resolves as
follows:
Section 1: To establish the amount of $2,500,000 as the fair market value per acre
to be used in assessing In -Lieu Park Dedication Fees pursuant to Chapter 19.52 of the
Newport Beach Municipal Code.
Section 2: To keep current with property appreciation, said fair market value per
acre shall be reviewed and adjusted, if necessary, at least every three (3) years from the
date of adoption of this Resolution.
Passed and adopted by the City Council of the City of Newport Beach at the regular
meeting held on the 8"' day of May, 2007.
AYES, COUNCIL MEMBERS Henn, Curry, selich,
Webb, Daigle, Gardner, Mayor Rosansky
NOES, COUNCIL MEMBERS
ABSENT COUNCIL MEMBERS None
CITY CLERK
STATE OF CALIFORNIA }
COUNTY OF ORANGE } as.
CITY OF NEWPORT BEACH I
I, LaVonne M. Harkless, City Clerk of the City of Newport Beach, California, do
hereby certify that the whole number of members of the City Council is seven; that the foregoing
resolution, being Resolution No. 2007 -30 was duly and regularly introduced before and adopted by
the City Council of said City at a regular meeting of said Council, duly and regularly held on the 8th
day of May 2007, and that the same was so passed and adopted by the following vote, to wit:
Ayes: Henn, Curry, Selich, Webb, Daigle, Gardner, Mayor Rosansky
Noes: None
Absent: None
Abstain: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the
official seal of said City this 9th day of May 2007.
(Seal)
City Clerk
Newport Beach, California