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HomeMy WebLinkAbout87-587 - Resolutions RESOLUTION NO. 87-5 87 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCliO CUCAMONGA, CALIFORNIA. ESTABLISHIh~ AND ADOPTING A FEE SCHEDULE PERTAINING TO THE CONSTRUCTION OF THE HAVEN AVENUE MEDIAN FROM 4TH STREET TO ARRC~ ROUTE WITHIN THE CITY OF RANCHO OUCAMONGA WHEREAS, the City of Rancho Cucamonga is constructin~ a landscaped median within Haven Avenue from 4th StreeE to Arrow RouteJ and WH~REA~, the City Council has determined by Resolution No. 87-491 that future development shall contribute toward the cost of said medianJ and ~FHEREAS, the City Council recognizes that it is necessary to establish methods to equitably share said cost among those benefited by said improvements. NCI4, THEREFORE, BE IT RESOLVED by the City Council of the City of Rancho Cucamonga, California, that staff, Committees and Commissions require, as a condition of approval of any development, a contribution in lieu of the construction for said landscaped median and such contribution shell be an amount equal to $55.00 per linear foot of property fromring on Haven Avenue. Coruer 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 shell automatically be increased on a fiscal year basis by the Prime Interest Rate as determined at the beginning of each fiscal year. PASSED, APPROVED, and ADOPTED this 4th day of November, 1987. AYES: Brown, Buquet, Stout, King, Wright NOES: None ABSENT: None Dennis L. Stout, Mayor Resolution No. 87-587 PaSe 2 ATTEST: Beverly ~. Aa~heYe~. City Clerk I, BEVERLY A. AUTHELET, CITY CLERK of the City of Rancho Cucamonga, California, do hereby certify ~hat the foregoing Resolution was duly passed, approved, and adopted by the City Council of the City of Rancho Cucamonga. California. at a tabular meeting of said City Council held on the 4th day of November, 1987. Executed this 5th day of November. 1987 at Rancho Cucamonga, California. BArefly ~ Authelet, Ci=y Clerk