TO:
Honorable Mayor and Members of the City Council
THROUGH:
Talyn Mirzakhanian, City Manager
FROM:
Libby Bretthauer, Finance Director
Emy-Rose Hanna, Financial Services Manager
SUBJECT:Title
Study Session Regarding Potential Development Impact Fees (Not Budgeted) (Finance Director Bretthauer).
(Estimated Time: 2 Hrs.)
DISCUSS AND PROVIDE DIRECTION
Body
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RECOMMENDATION:
Staff recommends that the City Council invite public comment and provide feedback to staff regarding potential development impact fees.
FISCAL IMPLICATIONS:
The City Council will not take any action with fiscal implications during this study session, which is intended for public input.
BACKGROUND:
Development Impact Fees (DIFs), which are governed by the Mitigation Fee Act (GC 66000), are one-time fees on new development and significant renovation projects. The purpose of impact fees is to mitigate cost impacts to the City while allowing development projects to pay for their fair share of new infrastructure. DIFs can only fund capital costs and cannot fund existing deficiencies, ongoing maintenance or salaries. As development occurs in the City, new infrastructure and capital facilities are required to mitigate the increased demand on City amenities created by new residents and workers. With or without development impact fees (DIFs) in place, the City will incur increased capital needs and infrastructure costs to address demand caused by new developments. DIFs are intended to provide the City with adequate revenues to address these critical funding needs.
Due to changing patterns of development over recent years and State housing statutes, the type of development in Manhattan Beach has changed, and continues to change. Manhattan Beach was initially a "resort town" or beach community, with smaller lot sizes, narrow streets, walk streets, very limited parking, and summer vacationers, many taking the trolley to the City. After Worl...
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