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Sparks City Council Meeting 7/23/2018

General Business: 9.5

Title: Consideration, discussion, and possible approval of Impact Fee Agreement No. 28 (AC-5496) with Lennar Reno, LLC. to allow for participation and use of credits in Impact Fee Service Area No. 1 (IFSA No. 1).
Petitioner/Presenter: John A. Martini, P.E. – Community Services Director/Jon R. Ericson, P.E., PTOE – City Engineer
Recommendation: Staff recommends the City Council approve the Impact Fee Agreement
Financial Impact: None.
Business Impact (Per NRS 237):
    
A Business Impact Statement is not required because this is not a rule.
Agenda Item Brief:

This Agreement is entered into for the Impact Fee Service Area  No. 1 (IFSA No. 1) impact fee credit program. Impact Fee Agreement No. 28 is a master agreement that will allow Lennar Reno, LLC to participate in the impact fee program. This agreement has been reviewed by the Impact Fee administrator and the City Attorney's Office and has been found acceptable. Staff recommends approval.



Background:

This agreement is the City's standard master form agreement and establishes the administrative rules for the use of impact fee credits within Impact Fee Service Area No. 1.  Upon approval, Lennar Reno, LLC will be eligible to receive impact fee credits for construction of Capital Improvements within Impact Fee Service Area No. 1.



Analysis:

N/A



Alternatives:
  1. The City Council may approve Impact Fee Agreement No. 28 as submitted.
  2. The City Council may reject Impact Fee Agreement No. 28 and provide direction to the City Manager.


Recommended Motion:

I move to approve Impact Fee Agreement No. 28 with Lennar Reno, LLC. to allow for participation and use of credits in Impact Fee Service Area No. 1.



Attached Files:
     01 - IFA #28 - Agreement.pdf
     02 - IFA #28 - Exhibit A.pdf
     03 - IFA #28 - Exhibit B.pdf

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