2020 2:00:00 PM

Meeting Link: https://zoom.us/j/95363857610
Meeting Dial-in #: 1-669-900-6833 Meeting ID: 95363857610

Consent Items: 8.3

Title: Consideration, discussion, and possible approval of Impact Fee Agreement No. 30 (AC-5705) with DR Horton, Inc to allow for participation and use of credits in Impact Fee Service Area No. 1.

Petitioner/Presenter: John A. Martini, P.E. – Assistant City Manager/Jon R. Ericson, P.E., PTOE – City Engineer

Recommendation: Staff recommends City Council approve the Impact Fee Agreement with DR Horton, Inc.

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 with DR Horton, Inc for the Impact Fee Service Area #1(IFSA#1) impact fee credit program. Impact Fee Agreement #30 is a master agreement that will allow DR Horton, Inc. 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:

An Impact Fee Agreement is a master agreement that allows developers to participate in the impact fee program. The agreement establishes the administrative rules for the use of impact fee credits within Impact Fee Service Area #1. Upon approval, DR Horton, Inc. will be eligible to receive impact fee credits for construction of Capital Improvements within Impact Fee Service Area #1.

Analysis:

N/A

Alternatives:

City Council may approve Impact Fee Agreement No. 30 as submitted.
City Council may reject Impact Fee Agreement No. 30 and provide direction to the City Manager.

Recommended Motion:

I move to approve Impact Fee Agreement No. 30 (AC 5705) with DR Horton, Inc. to allow for participation and use of credits in Impact Fee Service Area No. 1

Attached Files:

01- IFA #30 - Agreement.pdf

02 - IFA #30 - Exhibit A.pdf

03 - IFA #30 - Exhibit B.docx

03 - IFA #30 - Exhibit B.pdf

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