2017 2:00:00 PM

Monday, July 10, 2017 2:00 PM
Council Chambers, Legislative Bldg, 745 4th St., Sparks, NV

General Business: 9.6

Title: Consideration and possible approval of Impact Fee Agreement #26 with Pioneer Meadows Development, LLC to allow for participation and use of credits in Impact Fee Service Area Number 1 (AC-5385).

Petitioner/Presenter: John A. Martini, P.E.,Community Services Director/John A. Martini, P.E., Community Services Director

Recommendation: Staff recommends that the City Council approve the agreement as submitted.

Financial Impact: n/a

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 #1(IFSA#1) impact fee credit program. Impact Fee Agreement #26 is a master agreement that will allow Pioneer Meadows Development, 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 #1. Upon approval, Pioneer Meadows Development, LLC will be eligilbe to recieve impact fee credits for construction of Capital Improvements within Impact Fee Service Area #1.

Analysis:

Alternatives:

1) The City Council could approve the agreement as submitted by Staff.

2) The City Council could chose to deny the agreement and provide the City Manager with alternative direction.

Recommended Motion:

I move to approve Impact Fee Agreement #26 with Pioneer Meadows Development, LLC as recommended by Staff.

Attached Files:

IFA26.pdf

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