Laserfiche WebLink
Crossroads at Washington Affordable Housing Project at 1126, 1136, & 1146 East <br />Washington Avenue <br />June 21, 2022 <br />Page 7 <br />2 <br />8 <br />1 <br />5 <br />Sewer Connection Fee $49.00 per F.U.562 F.U. <br />(est.)$25,774 <br />Park Acquisition and <br />Development Fee $400,448 <br />Fire Facilities $0.94psf 100,104 SF $94,098 <br />TOTAL $652,717 <br />As an affordable housing project, the Project qualifies for this request for deferral of their <br />development impact fees. The Development Impact Fee Deferral Agreement will defer <br />approximately $652,717 of the development impact fees for the development of the <br />Project. <br />The following terms are incorporated into the Agreement: <br />Fee Deferral and Amount: The deferred collection of the development impact <br />fees in the estimated amount of approximately $652,717. <br />Deferral Period: The development impact fees will be deferred until the final <br />inspection or issuance of a certificate of occupancy for the Project, whichever <br />comes first. <br />Extension: An extension of the Agreement may only be granted by the City <br />Council. <br />Payment Security: Payment of fee is a personal obligation of the owner, or any <br />successor secured by the property, and if left unpaid, shall be collected as a special <br />lien against the property. <br />Recordation of Agreement and Lien against Property: The Agreement will be <br />recorded in the Official Records of the County of Orange and the Agreement shall <br />contractually bind the owner to pay the development impact fees and shall <br />constitute a lien against the property. <br />The intended goal of the collection of development impact fees at the time of building <br />permit issuance is to ensure that the payment of the fees is completed prior to the vesting <br />of development rights by a project developer. Development impact fees for development <br />projects include customary fees to defray costs for the City to provide development <br />services under the permit, outside agency fees as applicable, and established <br />development impact fees. While deferral of collection of development impact fees is not