Title
Adopt a resolution approving Amendment No. 1 (Formulaic Developer Fee) to the Implementation Agreement between the County of Monterey and the Fort Ord Reuse Authority.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Adopt a resolution approving Amendment No.1 (Formulaic Developer Fee) to the Implementation Agreement between the County of Monterey and the Fort Ord Reuse Authority (Exhibit A); and
b. Authorize the Chair of the Board execute the Amendment on behalf of the County.
SUMMARY:
The Fort Ord Reuse Authority (FORA) has been considering how the FORA developer fee is calculated since FY 2011-12. FORA hired a consultant (EPS) to provide advice with the intent to refine and improve the process for determining appropriate fee levels to meet FORA obligations funding by this impact fee. This review led to an initial fee reduction in FY 2011-12 along with a recommendation to develop a formulaic approach for determining the fee. The purpose of the formula is to provide greater certainty how the impact fee is determined and to more clearly link it to meeting FORA’s required obligations including mitigation measures, related base-wide implementation costs, and FORA operational costs. All FORA obligations to CEQA and TAMC are met by the formula, as well as opportunity to assist FORA jurisdictions with caretaker costs and reuse costs.
DISCUSSION:
A copy of the staff report that was presented to the FORA Board is attached for your reference that provides the background of this item (Exhibit B). The July 2012 FORA staff report is provided for additional reference, including responses to questions about the proposed formula. A copy of the FORA Board approved Amendment between FORA and Monterey County is attached to the draft resolution as Attachment 1.
OTHER AGENCY INVOLVEMENT:
This matter has been considered and approved by the Fort Ord Reuse Authority Administrative Committee, Fort Ord Reuse Authority Board of Directors, the ...
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