Title
Consider/Discuss/Act on an Ordinance Adopting Fees Related to Public Improvement Districts (PID)
Summary
COUNCIL GOAL: Direction for Strategic and Economic Growth
(1C: Provide a strong city economy by facilitating a balance between industrial, commercial, residential, and open space)
MEETING DATE: September 21, 2021
DEPARTMENT: Development Services
CONTACT: Michael Quint, Executive Director of Development Services
RECOMMENDED CITY COUNCIL ACTION:
• Approve the ordinance.
ITEM SUMMARY:
• At the City Council’s regular meeting on September 7, 2021, the City Council adopted a resolution, number 2021-09-112(R) which is attached hereto, establishing a policy governing public improvement districts (PID).
• This policy established an application fee to cover staff costs associated with reviewing a proposed public improvement district and a cash deposit which could be used to cover the City’s costs associated with retaining third-party consultants to evaluate a proposed public improvement district.
• However, to assess and collect the fees outlined in the approved PID policy, a fee ordinance must also be approved by the City Council.
• The proposed fee ordinance includes two fees:
o Public Improvement District (PID) Application Fee:
§ $50,000.
o Public Improvement District (PID) City External Evaluation Deposit:
§ $200,000 shall be paid by the PID petitioner so that the city may retain external consultants to assist in the evaluation of a proposed PID. Additional deposits of $200,000 may be required as determined necessary by the city if the initial $200,000 deposit is depleted and the PID’s evaluation is still ongoing.
• The proposed fees are consistent with the fees referenced within the adopted PID policy.
BACKGROUND INFORMATION:
• N/A
FINANCIAL SUMMARY:
• Depending on the level of services provided, the proposed fees will increase revenue to offset staff and consultant costs.
BOARD OR COMMISSION RECOMMENDATION:
• N/A