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HomeMy WebLinkAboutReso 01-2018 (17-1229)City of South San Francisco City Council ' Resolution: RES 01 -2018 File Number: 17 -1229 P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA Enactment Number: RES 01 -2018 RESOLUTION AFFIRMING AVERAGE FAIR MARKET VALUE PER ACRE OF PARK LAND, ADJUSTING THE AVERAGE PARK CONSTRUCTION COST PER ACRE, AND ESTABLISHING AN ADMINISTRATIVE FEE PURSUANT TO CHAPTER 8.67 OF THE SOUTH SAN FRANCISCO MUNICIPAL CODE. WHEREAS, the City Council of the City of South San Francisco adopted Ordinance 1520 -2016 in May 2016, which added Chapter 8.67 of the South San Francisco Municipal Code ( SSFMC), requiring payment of a Park Land Acquisition Fee and a Parks Construction Fee to mitigate the impacts of new developments on park and recreation facilities in the City; and WHEREAS, the City Council amended SSFMC Chapter 8.67 in June 2017 to broaden the developments that were subject to the park fees to residential and non - residential and reduce the discount rate on the cost to acquire and develop an acre of park land; and WHEREAS, a study conducted in July 2015 determined that the weighted average value of land in South San Francisco was $3,000,000 per acre; and WHEREAS, a separate study conducted in March 2016 estimated the average hard and soft construction cost to be $981,250 per acre of park land; and WHEREAS, the City Council approved an increase of 3.94 percent in construction cost to $1,019,911 per acre as part of the update process in June 2017; based on the increase reflected in the Engineering Record New Construction Cost Index (CCI) for the San Francisco area between October 2015 and December 2016; and WHEREAS, SSFMC Chapter 8.67.060 (f) states that the City may `collect a reasonable administrative fee to cover the cost of administering the program, as determined by the Finance Director, and approved by resolution of the City Council; and WHEREAS, the Finance Director has conducted a time study to determine, on average, the amount of staff time required to administer the park fees, and calculated the proposed Administrative Fee of $700, as illustrated in Exhibit A, attached herein. City of South San Francisco Page 1 File Number. 17 -1229 Enactment Number: RES 01 -2018 NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San Francisco does hereby: Affirm the fair market value of land in the City of South San Francisco to be $3,000,000 per acre of park land, pursuant to SSFMC Chapter 8.67.060 (d); Adjust the average construction cost in the City of South San Francisco to be $1,019,911 per acre of park land, pursuant to SSFMC Chapter 8.67.060 (e); and Approve an Administrative Fee of $700 for the Park Land Acquisition Fee and Parks Construction Fee pursuant to SSFMC 8.67.060 (f). At a meeting of the City Council on 1/10/2018, a motion was made by Richard Garbarino, seconded by Pradeep Gupta, that this Resolution be approved. The motion passed. Yes: 5 Mayor Normandy, Councilmember Garbarino, Vice Mayor Matsumoto, Councilmember Gupta, and Councilmember Addiego Attest y sta artinel City of South San Francisco Page 2 City of South San Francisco Park Land Acquisition Fee / Parks Construction Fee Administrative Fee Calculation Department Time Increment FBHR Cost ECD Planning 1.00 163$ 163$ ECD Building 0.25 106$ 27$ Parks & Recreation 2.00 141$ 282$ Finance 2.00 114$ 228$ Proposed Administrative Fee 700$ EXHIBIT A