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Resolution 2007-88 RESOLUTION NO. 2007-88 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GILROY INCREASING THE TRAFFIC IMP ACT FEE WHEREAS, on June 12,2006, the City Council adjusted the Traffic Impact Fee pursuant to Resolution No. 2004-90; and WHEREAS, on November 1,2004, the City Council adopted Resolution 2004-95, which sets forth the City's policy in relation to annual adjustments of the Traffic Impact Fee; and WHEREAS, pursuant to Resolution 2004-95, the City hired an independent engineering firm to conduct project review and unit cost analysis based on actual and/or foreseeable costs being experienced by the building industry; and WHEREAS, the project review and unit cost analysis was completed and the resulting fee adjustment corresponds to the overall change in the Traffic Impact Fee budget caused by the updated unit costs and project review; and WHEREAS, the City now wishes to adjust the Traffic Impact Fee in accordance with the results of that review and analysis. NOW, THEREFORE, BE IT RESOLVED THAT: A. The City Council hereby finds the following: 1. Since the most recent increase in the Traffic Impact Fee, there has been an increase in the cost of raw materials for construction of roadways and related infrastructure. 2. A 2.8% increase in Traffic Impact Fees is required to make up for such increased costs; and -1- RESOLUTION NO. 2007-88 3. The increased Traffic Impact Fee will not exceed the amount needed for the reasonable cost of providing roadways and related infrastructure. B. The Traffic impact fees are hereby increased by 2.8%, which increase is further described in the attached Exhibit A. C. The increase to the Traffic Impact Fees approved by this Resolution shall before effective sixty (60) days after the date hereof, on the 19th day of January, 2008. PASSED AND ADOPTED this 19th day of November, 2007 by the following vote: AYES: COUNCILMEMBERS: ARELLANO, BRACCO, CORREA, GARTMAN, PINHEIRO, VALIQUETTE and VELASCO NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE APPROVED: ~or -- -2- RESOLUTION NO. 2007-88 EXHIBIT A The following Traffic Impact Fee schedule is established for the City of Gilroy: Traffic Impact Fee Unit of Existing Percentage New Rate Measure rate as of increase in as of 2/18/07 rate 1/19/08 Residential- Low Densi $ r unit $11 ,487 2.8% $ 11 ,809 Residential - Hi Density $ r unit $ 9,311 2.8% $ 9,572 Commercial - Low Traffic + $ per ksf * $12,709 2.8% Assembly Hall $ 13,065 Commercial- Hi Traffic $ per ksf * $25,671 2.8% $ 26,390 Industrial - General $ r ksf * $ 5,037 2.8% $ 5,178 Industrial - Warehouse $ r ksf * $ 3,651 2.8% $ 3,753 (Note: ksf represents per 1,000 square feet) -3- RESOLUTION NO. 2007-88 I, SHA WNA FREELS, City Clerk ofthe City of Gilroy, do hereby certify that the attached Resolution No. 2007-88 is an original resolution, or true and correct copy of a city resolution, duly adopted by the Council of the City of Gilroy at a regular meeting of said Council held on the 3rd day of December, 2007, at which meeting a quorum was present. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Official Seal of the City of Gilroy this 19th day of December, 2007. eels, CMC of the City of Gilroy ,,"----------, (Seal)