DATE: May 4, 2018
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Vernon Gerth, Assistant City Administrator for Community and Economic Development
Mark Hilty, Assistant City Administrator for Public Works
Lisa Clayton, Parks Department Director
SUBJECT:
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Consideration of Ordinance 2016-25, AS AMENDED, "An Ordinance to Amend the City of Franklin Municipal Code to Create a New Title 25, Parks, and to Add a New Chapter 4 to Establish Requirements for Parkland Impact Fees and Parkland Dedication, and Amend Appendix A, Comprehensive Fees and Penalties, to Add a New Chapter 25, Parks, to Establish Fees for Parkland Impact Fees and Parkland Dedication." (11/14/17 WS, Continued to 12/12/17 WS; 04/10/18 WS; 04/24/18 BOMA Deferred 1st Reading to 5/8/2018, 05/08/18 1ST Reading 7-0) SECOND AND FINAL READING
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Purpose
The purpose of this memorandum is to provide additional information to the Franklin Board of Mayor and Aldermen (BOMA) regarding the recent discussions among staff and aldermen regarding the nexus and future use of Parkland Impact Fees and, the timing to for the City to allocate or spend Parkland Impact Fees on specific improvements.
Background
Since late 2016, City staff and aldermen have discussed revising the City's Parkland Impact Fee Ordinance. Through these discussions several clarifications have resulted from the original version and have been incorporated. However, there are a few elements that have been repeatedly discussed regarding the nexus and future use of Parkland Impact Fees, the use of fees-in-lieu received to date under the existing ordinance, and, the timing to commit or spend Parkland Impact Fees to specific improvements. Staff has received guidance from the aldermen and incorporated the following elements into the proposed ordinance as follows:
Nexus and Future Use of Parkland Impact Fees Proposed Ordinance:
As previously discussed, the proposed ordinance provides for 25% o...
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