AgdaPkt 2008-08-11 Clsd and Reg - Laserfiche WebLink

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.. ..." ..-.,-. .... ......-.--.....'._-.............'.... ,RIEP~Rsr\..... ~ ': ' .... . _:. . ,..: '- : .. '-- '- -', .- - - :' ': :--. ::- :-' : ", :. '.,' " : ...: - :. ' .. '. ': ' :. . ".: :.;.<~:.:::/.~.::::.::;:~~~~);:~-~~~:~\>~\::'/:.:::::.. 6.3A age 1 August 11, 2008 SUBJECT Commercial Park Development Fee Nexus Study Project RECOMMENDATION By resolution, amend the Fiscal Year 2008-09 Capital Improvement Program Budget to add a Commercial Nexus Study project and appropriate funding from Capital Improvement Projects Contingency funds for $60,000.00. BACKGROUND On October 22, 2007 the City Council approved two ordinances establishing an in lieu fee on new residential development to help maintain the current 3.0 acres per 1,000 resident park standard. The two ordinances went into effect on December 22, 2007. At that time, Council directed staff to prepare a study to test the potential nexus of commercial property development on the park system. The study is designed to assess the impacts of non-residents visiting Redwood City parks because of new commercial development. The only other Peninsula City that has established a park development fee on commercial development is the City of Palo Alto. The same methodology for determining a nexus to commercial development used in Palo Alto, which involved surveys of park patrons to determine whether park visitors were there as a result of commercial development Le. their employment or use of a business, is proposed for the nexus study of Redwood City parks. During the Capital Improvement Project phase of the 2008-09 FY budget process, we overlooked the need for submitting a new project requesting funding for a Commercial Development - Park Nexus Study. The amount needed for Commercial Nexus Study project is $60,000. MIG, the same firm that produced the needs assessment for the residential park development fee, has agreed to take on the study for the amount specified above. The consultant expects the project to take three to four months, which would mean completion no later than December of 2008. ALTERNATIVES Do not fund the Commercial Nexus Study and continue using only the residential park development impact fee as a funding source for new park development. FISCAL IMPACT Approval of the project would reduce the amount available in the Capital Improvement Program Contingency Fund. Depending on the results of the nexus study, a new funding source for park and recreational facilities would be created.