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R 3994 RESOLUTION NO. 3994 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE ADJUSTING THE IN-LIEU FEE FOR OFF-STREET PARKING IN THE VILLAGE PARKING AND BUSINESS IMPROVEMENT DISTRICT WHEREAS, the City Council of the City of Arroyo Grande adopted Ordinance 489 C.S. establishing the option of payment of an in-lieu fee for off-street parking spaces (hereafter referred to as the "parking in-lieu fee") in the Village Parking and Business Improvement District (codified in Arroyo Grande Municipal Code section 16.56.020.B, and hereinafter referred to as the "Village Improvement Area"); and WHEREAS, land acquisition and improvement costs have increased substantially in the Village Improvement Area as documented by recent appraisals, land purchases and construction contracts; and WHEREAS, after thorough study, the Downtown Parking Advisory Board recommended that the City Council increase the parking in-lieu fee to $24,000 per space; and WHEREAS, the City Council of the City of Arroyo Grande has held a public hearing on this matter in accordance with State law and City Code. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Arroyo Grande hereby establishes the in-lieu fee for off-street parking spaces in the Village Improvement Area at $24,000 per space. On motion by Council Member Costello, seconded by Council Member Fellows, and by the following roll call vote, to wit: AYES: NOES: ABSENT: Council Members Costello, Fellows, Guthrie, Arnold, and Mayor Ferrara None None the foregoing Resolution was adopted this 23rd day of January 2007. RESOLUTION NO. ~9'lL( PAGE 2 MAYOR TONY FER ATTEST: APPROVED AS TO CONTENT: ~~~CITY MANAGER APPROVED AS TO FORM: //~l~ ~' X TI~ THY J. MEL, CITY ATTORNEY OFFICIAL CERTIFICATION I, KELLY WETMORE, City Clerk of the City of Arroyo Grande, County of San Luis Obispo, State of California, do hereby certify under penalty of perjury, that the attached Resolution No. 3994 is a true, full, and correct copy of said Resolution passed and adopted at a regular meeting of the City Council/Redevelopment Agency of the City of Arroyo Grande on the 23rd day of January 2007. . WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 25th day of January 2007.