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HomeMy WebLinkAboutResolution 2003-179 N.C.S. 09/15/2003Resolution No. 2003-179 N.C.S. of the City of Petaluma, California APPROVING A FEE CREDIT AGREEMENT WITH RD SONOMA, INC., FOR THE DEVELOPMENT OF A TWO-ACRE PARK AS PART OF THE TRADITIONS SUBDIVISION WHEREAS, as part of the Corona-Ely Specific Plan, the Traditions Subdivision is required to construct atwo-acre park; and; WHEREAS, per the City of Petaluma Municipal Code, the Developer, RD Sonoma, Inc., can ask for reimbursement for land park improvements costs; and, WHEREAS, RD Sonoma, Inc., has agreed to dedicate the land designated for the two- acre park to the City of Petaluma at no cost, and ask for credit against current and future Park Development Fees for park improvements only, as specified in a proposed Fee Credit Agreement; and, WHEREAS, upon approval of the proposed Fee Credit Agreement, the City Manager is authorized to sign the agreement and certify that documentation for construction of the park is valid, and qualify for park .fee credits. .NOW, THEREFORE, BE IT RESOLVED, that the Petaluma City Council hereby approves the proposed Fee Credit Agreement with RD Sonoma, Inc., and authorizes the City Manager to sign the agreement and enforce the terms as specified. Under the power and authority conferred upon this Council by the Charter of said City. REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Approved as to Council of the pity of Petaluma at a (Regular) (Adjourned) (Special) meeting on the .........lS ............. day of ........S~pZe~.uh~t'............................, 20.Q~., by the following vote: ••••••••••••~•• ••••••••y •• Ci Attorne AYES: Canevaro, Mayor Glass, Harris, Healy, Moynihan, Vice Mayor O'Brien, Torliatt NOES: None ABSENT: None ATTEST: ~ - ...... . ....... . ............... ..... .... . .................... Ci Clerk Mayor Council File ................................... Rzs-. Nu........2(103.-.1.7.9........N.C.S.