2017 2:00:00 PM

Monday, December 11, 2017 2:00 PM
Council Chambers, Legislative Bldg, 745 4th St., Sparks, NV

Consent Items: 8.3

Title: Consideration, discussion and possible approval of Impact Fee Agreement #27 (AC-5429) with Toll NV Limited Partnership to allow for participation and use of credits in Impact Fee Service Area Number 1.

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 #27 is a master agreement that will allow Toll NV Limited Partnership 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, Toll NV Limited Partnership will be eligible to receive impact fee credits for use 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 #27 withToll NV Limited Partnership.

Attached Files:

Impact Fee Agreement No 27.pdf

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