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<br />6.4A <br />Page 2 <br /> <br />acquisition costs and site improvement costs. These two component costs <br />represent 82.8% of the Impact Fee for the acquisition of land costs and site <br />improvement costs. <br /> <br />Lastly, there is one minor correction to be made to Section 1 of each ordinance. The <br />Study referenced is not entitled "Revised Technical Memorandum," the correct title is <br />"Final Technical Memorandum." <br /> <br />These corrections have been made to the corresponding sections of each Ordinance, <br />and each correction is italicized for ease of identification. The actual ordinance to be <br />adopted will neither incorporate nor exhibit the italicization. <br /> <br />ALTERNATIVES <br />There are many alternatives available to the Council from not moving forward with the <br />dedication, in-lieu fee, and/or impact fee requirements at all, to changing the percentage <br />of the park fee to be charged or otherwise modifying the recommendations of the <br />Finance Committee. <br /> <br />FISCAL IMPACT <br /> <br />Funding received would be placed in a special Capital Improvement Program (CIP) fund <br />for purchase of land andlor creation of additional park capacity. This fee does not <br />prevent Council from using other CIP monies to purchase park lands. <br /> <br />Corinne Centeno <br />Parks, Recreation & Community <br />Services Director <br /> <br />o !wi--- <br />Ed ~iVI- <br />City Manager <br /> <br />CL--Oer -/ <br /> <br />ATTACHMENTS <br />1. Quimby Act Implementation Ordinance <br />2. Parks Impact Fee Ordinance <br /> <br />RELATED DOCUMENTS IN CITY CLERK'S OFFICE <br />Final Technical Memorandum dated March 8, 2007 <br />