DATE: December 5, 2019
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Vernon Gerth, Assistant City Administrator Community/Economic Development
Lisa Clayton, Parks Director
SUBJECT:
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Presentation on Proposed Parkland Impact Fee Ordinance Amendments
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Purpose
The purpose of this memorandum is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning proposed amendments to the City's Parkland Impact Fee Ordinance, Ordinance 2016-25, Franklin Municipal Code ?25-405.
Background
As the Parks Department has been working with developers on agreements under the current Parkland Impact Fee Ordinance, several areas of improvement and clarity have been identified to make the process easier for both the City and developers. The proposed amendments to the ordinance are summarized below:
* Changing the percentage of payment due initially from One Hundred percent (100%) to Twenty-Five percent (25%) with the remainder to be paid with each building permit. Collecting this type of fee at the time Building Permits are issued coincides with how Road Impact Fees are presently collected.
* Changing the current off-set for private amenities from twenty five percent (25%) to fifty percent (50%) of the total parkland obligation and allowing off-sets for only construction costs, not land costs
* Changing the current off-set for privately maintained amenities open to the public from seventy-five percent of the total construction fees not to exceed the total parkland obligation to seventy-five percent (75%) of the total parkland obligation and allowing for off-sets for both construction costs and land costs. Land costs shall not exceed the parkland area obligation generated by the development as determined by the parklands impact fee formula (69.41 dwelling units per 1 acre of parkland).
* Changing the current requirements for the public off-set of one hundred percent (100%) to require all land and improveme...
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