AgdaPkt 2002-02-04 - Laserfiche WebLink

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AB 680: THE JANUARY 24, 2002 AMENDMENT8 The new amendments to the bill offered by Assembly Member Thomson are as follows: Regi¢~nal Open Space ~d R~.creat.~o': 1. The L. eglslature shall create the Sacramento Regional Open Space and Recreation Conservancy and the funding sources for the Conservancy may include: · Proposition 40 and futura State Resource Bonds · A regional impact fee 2. The Legislature shall direct the region to develop a regional impact fee on commercial and residential development, excluding infill and affordable housing, taking into consideration the following: · The proximity of the proposed development to the urban area. · The type of farmland, such as pdme farmland, farmland of statewlde importance, unique farmland, or local farmland, according to the definitions provided by the Department of Conservation's Farmland Conservancy Program. · The current levels of existing fees. Any commercial and residential development projects subject to existing fees imposed by a local government entity which have the same fundamental purpose as the regional impact fee would receive credits of up to two-thirds of the regional impact fee. The developer will always pay at least one-third of the regional impact fee. · The complexity of existing fee structure. 3. A county can opt to exempt itself and its cities from the sales tax revenue sharing requirements of this bill if the county meets the following five criteria: · Has enacted a revenue sharing agreement with two or more of its cities. · Has enacted an open space and agricultural land preservation policy, which would preserve one acre of open space or agricultural land for every one acre of land developed. · Has established a policy to limit development to within existing city boundaries, and has substantially adhered to that policy. · Provides a fair share of the region's affordable housing, · The homeless shelter provisions in the bill with the addition of domestic violence shelters. If local government entities in the region develop an alternative revenue-sharing agreement to the agreement outlined in the bill, the agreement shall supemede the sales tax sharing portion of this bill. The bill shall be effective in 2004 to provide local government entities an opportunity to develop an alternative. THE NEW AB 680 SALES TAX DISTRIBUTION FORMULA As a reminder, the author had circulated a new version of the bill that did the following: Each city and county would retain their 2002 base year sales tax dollar amount and !:lrowth in sales tax revenues would be distributed according to the following formula: Page 2 of 6