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PC R 97-1627RESOLUTION NO. 97-1627 A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF ARROYO GRANDE RECOMMENDING TO THE CITY COUNCIL APPROVAL OF A REVlSION TO THE IN- LIEU FEE FOR OFF-STREET PARKING FOR THE COMMERCIAL AREAS WHEREAS, the� City Council adopted Resolution No. 1484 on June 23, 1981, establishing the value of off-street parking spaces in commercial areas; and WHEREAS, the value of each off-street parking space was set at 53,000 for purpose of issuance of "in-lieu" certificates provided for in Municipal Code Section 9-4.2603; and � WHEREAS, this fee was set based on land value and one-half of the construction cost for grading; and WHEREAS, the fee has been reviewed by staff for purposes of revising and upcJating the in-lieu amount to accurately reflect current land values and construction costs; and WHEREAS, staff has recommended that the fee be updated to 53,500 per parking space for purposes of collecting in-lieu parking fees. NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Arroyo Grande, as follows: 1. That the in-lieu fee for offstreet parking be set at 53,500 per space. 2. If the actual or estimated cost of parking improvements should change, the City Manager shall review the fee to determine whether such fee is still adequate. If the fees should be changed, the City Manager shall recommend to the City Council a revised fee schedule be adopted by resolution. 3. This fee becomes effective upon the adoption of Ordinance No. . On motion of Commissioner Greene, seconded by Commissioner Haney, and on the following roll call vote, to wit. AYES: Commissioners Greene, Haney, 0'Donnell and Lubin NOES: None ABSENT: Commissioner Rondeau the foregoing Resolution was passed and adopted this 15 day of July, 1997. AITEST: L Lu ' e reese, Com ission k TO CONTENT: � b ' Gv�C' Do een Lib rto-Blanck, AICP Community Development Director