HomeMy WebLinkAboutCC Reso No 2004-47RESOLUTION NO 2004 - 47
A RESOLUTION OF THE CITY COUNCIL OF
THE CITI' OF ~,AKE ELSINORE ESTABLISffiNG
AN INCREASE OF TRAFFIC INFRASTRUCTURE FEE (TIF)
FOR DEVF,LOPMENT PROJECTS WITHIN THE CITY OF LAKE ELSINORE
WHEREAS, Resolution No. 2002-22 established the amount of the Development Impact
Fee ~or Traffic Infrastructure; and,
WHEREAS, in Section 8. Fee Adjustment. of Resolution No. 2002-22, states that the TIF
fee shail be adjusted annually, and;
WHEREAS, the cost adjustment factors have been calculated as described in the
aforementioned Section 8, and;
~'dIiETZEAS, the TIF fee has been accordingly adjusted and becomes effective July 2(10-d.;
N06~'; TIfEIBEFQRE, BE IT RESOLVED that the City Council ofthe Ciry of Lake Elsinore for
devetopment projects within the city of Lake Elsinore established the TIF as follows:
TIF Fees as of Julv 2004
Singte Family residential $1,288 per unit
Multi Family residential $ 902 per unit
Commercial Building $ 3.61 per sq. ft.
Office Building $_ 1.36 persq. ft. --
Industrial Building $ 0.76 per sq. ft.
PASSED, APPROVED AND ADOPTED THIS 13th day of July ,
20~J4
Resolution No. 2004- 4~
INCREASE OF TRAFFIC INFRASTRUCTURE FEE (TIF) FOR DEVELOPMENT
PROJECTS WITHIN THE CITY OF Lr1KE ELSINORE
AYES: COiJNCILMEMBERS: HICKrtAN, KELLEY, MAGEE, SCHIFFNER,
RUCKLEY
NOES: COiJNCILMEMBERS: NorrE
ABSENT: COIJNCILMEMB,ERS: rroNE
ABSTAIN: COUNCILMEMBERS: NoNE
CITY OF
A TEST:
' ~ ~~
VICKI KASAD, CITY CLERK
CITY OF LAKE ELSINORE
APPROVED AS TO FORM:
,MAYOR
B ARA LEI OLD, CITY ATTORNEY
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE )
I, VICHI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE,
CALIFORNIA, DO HEREBY CERTIFY that the foregoing Resolution duly adopted by
the City Council of the City of Lake Elsinore at a Regular Meeting of said Council on the
13th of July, 2004, and that it was so adopted by the following vote:
AYES: COUNCILMEMBERS:
HICKMAN, KELLEY, MAGEE,
SCHIFFNER,BUCKLEY
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
TAIN: COUNCILMEMBERS:
~ ~~-~-~'
VICKI KASAD, CMC, ~ITY CLERK/
HUMAN RESOURCES DIRECTOR
CITY OF LAKE ELSINORE
(SEAL)
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS:
CITY OF LAKE ELSINORE)
NONE
NONE
NONE
I, VICHI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE,
DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
Resolution No. 2004-47 of said Council, and that the same has not been amended or
repealed.
DA . August 24, 2004
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VICHI KASAD, CMC, CITY CLERK/
HUMAN RESOURCES DIRECTOR
CITY OF LAKE ELSINORE
(SEAL)