REPORT TO THE CITY COUNCIL
May 12, 2016
FROM: LEE BRAND, Councilmember for District 6
City Council Offices
SUBJECT
Title
***RESOLUTION - Amending the Economic Expansion Act requirements for abatement of development impact fees
Body
RECOMMENDATION
It is recommended that Council approve the resolution.
EXECUTIVE SUMMARY
This resolution will amend the Economic Expansion Act to provide 100% abatement of development impact fees for downtown development projects of 10 residential units or more, or 10,000 square feet or more. Residential and commercial developments downtown that are below that threshold will receive a 50% abatement of development impact fees.
ENVIRONMENTAL FINDINGS
N/A
Attachments:
Resolution
Amended Economic Expansion Act