Printable Form 673 Simi Valley California 2019-2025

Printable Form 673 Simi Valley California: What You Should Know

On existing parcels of public parking, the City may not be able to provide sufficient parking for the anticipated growth in the city, its residents, and businesses and may be forced to reduce services; and WHEREAS, these findings and declarations require the City to undertake a study to identify the types of future development it will need to support its goals and, given the findings, develop a fee allocation and policy for meeting that need; and WHEREAS, the study should estimate a fair share of the cost of those future parking needs and whether the city's existing parking policies are adequate to meet such needs; and WHEREAS, the fee allocation and policy should incorporate consideration of the benefits and cost of the traffic impact fee; and WHEREAS, the study should include a recommended fee approach, including the amount of the fee to be imposed, how much the study would cost, to allow the staff of the Commission on Parking Fee Policies and the staff of the City Council to develop the policy for implementation; and WHEREAS, the City Manager and Mayor are hereby directed to work together to conduct a traffic impact fee study for the City of Simi Valley for the purpose of developing an appropriate traffic impact fee allocation policy and for developing a traffic impact fee policy that ensures a fair share of the cost of all parking requirements on future development or development in the County, including for new development and for any such development that may not yet be developed; Now, THEREFORE, BE IT RESOLVED that the City Council approve the following: I. The City of Simi Valley hereby imposes a 1.5 percent traffic impact fee on the sales and use tax on all new construction and the construction of new properties and the rezoning of existing properties, and for any rezoning, including rezoning of those parcels as a mixed-use use, in their entirety. The fee shall be imposed as a separate transaction with no additional assessments imposed on the City of Simi Valley. II. The fee shall be collected in four installments, with the first two installments due one year from the effective date of the ordinance creating the parking requirements. The final two installments are due two years thereafter. The revenue collection shall be in accordance with the procedures adopted by the City Manager. III.

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