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HomeMy WebLinkAbout87-531 - Resolutions RESOLUTION NO. 87-531 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO ~JCAMOM3A, CALIFORNIA, ESTABLISHING AND ADOPTING A FEE S (]~E1)ULE PERTAINING ~D THE fDNSTRUCTION OF THE HAVEN AVENUE MEDIAN FROM ARROW ROUTE TO I9TH STREET WITHIN THE CITY OF RANCliO CUCAMONGA WHEREAS. the City of Rancho Cucamonga is constructins a landscaped median within Haven Avenue from Arrow Route to 19th Street: and WHEREAS, the City Council has determined by Resolution No. 87-491 that future development shall contribute tceard the cost of said medianl and WHEREAS, the City Council recognizes that it is necessary to establish methods to equltably share said cost among those benefited by said improvements. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of. Rancho Cucamonge, that staff, Committees and Commissions require, as a condition of approveS of an~ development, a contribution in lieu of the construction for said landscaped median and such contribution sheSl be an amount equal to $57.00 per linear foot of property fronting on Haven Avenue. Corner property frontages shall be measured to the prolongation of the ultimate right-of-way of the side street. Payment of said contribution shall be made prior to building permit issuance or recordation of the Tract or Parcel Map, whichever occurs first. The unit contribution amount shall automatically be increased on a fiscal year basis by the Prime Interest Rate as determined at the beginning of each fiscal year. PASSED, APFROVED, and ADOPTED this 7th day of October, 1987. AYES: Brown. Buquet, Stout, King, Wright NOES: None ABSENT: None Dennis L. Stout, Mayor Resolution No. 87-531 Page 2 ATTEST: Beverly ~. ~%helet. Ci~ Clerk I. BEVERLY A. AUTHELET, CITY CLERK of the City of Rancho Cucamongao Celifornia, do hereby certify that the foregoing Resolution was duly passed, approved, and adopted by the City Council of the City of Rancho Cucamonga, California, at a regular meeting of said City Council held on the 7th day of October, 1987. Executed this 8th day of October, 1987 at Rancho Cucamonga, Ca1 ifornia. Beverly A. ~uthelet, City Clerk