HomeMy WebLinkAbout87-489 - Resolutions RESOLUTION NO. 87-489
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCliO
CUCAMONGA, CALIFORNIA, ESTABLISHING AVERAGE OOST PER ACRE
TO DEVELOP PARK LAND IN RANCliO CUCAMONGA AND ESTABLISHING
AVERAGE OOST PER ACRE BY LAND USE DESIGNATION TO AOQUIRE
PARK LAND IN RANCliO CUCAMONGA
WHEREAS, the City Council of the City of Rancho Cucamonga, has adopted
Chapter 16.3 2 of the Municipal Code, relatins to regulations for dedication of
land, payment of fees, or both, for park and recreational land in subdivisions
and planned communitiesl and
WHEREAS, Chapter 16.32 of the Municipal Code establishes a formula
requiring as components, "(the) average cost per acre to develop park land as
determined by the public agency", and, "(the) fair market value of parkland per
acre as represented by the land being subdivided"J
THEREFORE, BE IT NOW RESOLVED by the City Council of Rancho Cucamonga
as follows:
1. That the City Council shall determine and set by Resolution the
average cost per acre to develop park land in Rancho Cucamonga
and the average cost per acre to acquire parkland in Rancho
Cucamonga; and
2. That the City Council shall review and adjust by Resolution, when
warranted, the cost to develop and acquire park land in Rancho
Cucamonga; and
3. The average cost per acre to develop park land in Rancho
Cucamonga is hereby established at Eighty Thousand Dollars
($80,000), and it is that figure of Eighty Thousand Dollars
($80,000) per acre that will apply in the application of Chapter
16.32 of the Municipal Code; and
4. The average cost per acre to acquire park land in Rancho
Cucamonga, for the purpose of implement Chapter 16.32 of the
Municipal Code, is hereby established by Land use designation at:
Very Low (VL) = $ 43,057 per acre
Low (L) = $ 72,242 per acre
Low Medium (LM) = $ 91,233 per acre
Medium (M). = $131,678 per acre
Medium-High (MH) = $152,305 per acre
High (H) = $211,000 per acre
Resolution No. 87-489
Page 2
and at these figures that will apply in application of the
aforementioned Municipal Code Chapter.
5. The average cost per acre to develop and acquire park land as
determined by this Resolution shall apply to tentative maps or
parcel maps, approved or conditionally approved, on or after
November 16, 1987. The average cost per acre to develop park
land for tentative maps or parcel maps approved prior to November
16, 1987 shall be as set forth in Resolution No. 83-9 and
previous land value method. Effective January 1, 1988, the
procedures and provision of Resolution 87-489 supersede
procedures and provisions of Resolution 83-9 and it shall be the
provisions of Resolution 87-489 which shall apply to all
tentative maps or parcel maps approved or conditionally approved
without respect to date of such approval.
PASSED, APPROVED, and ADOPTED this 16th day of September, 1987.
AYES: Brown, Buquet, Stout, King, Wright
NOES: None
ABSENT: None
Dennis L. Stout, Mayor
ATTEST:
~Authelet, City Clerk
I, BEVERLY A. AUTHELET, CITY CLERK of the City of Rancho Cucamonga,
California, 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 16th day of
September, 1987.
Executed this 17th day of September, 1987 at Rancho Cucamonga,
Cal if ornia.
Beverly A~ Authelet, City Clerk