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HomeMy WebLinkAbout2024-75 - Establishing the Fair Market Value Per Acre to Be Used in Assessing in Lieu Park Dedication Fees Pursuant to Section 19.52.070 (Fee in Lieu of Dedication) of the Newport Beach Municipal Code and Rescinding Resolution No. 2020-95RESOLUTION NO. 2024-75 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH, CALIFORNIA, ESTABLISHING THE FAIR MARKET VALUE PER ACRE TO BE USED IN ASSESSING IN LIEU PARK DEDICATION FEES PURSUANT TO SECTION 19.52.070 (FEE IN LIEU OF DEDICATION) OF THE NEWPORT BEACH MUNICIPAL CODE AND RESCINDING RESOLUTION NO. 2020-95 WHEREAS, Chapter 19.52 (Park Dedications and Fees) of the Newport Beach Municipal Code ("NBMC") establishes a parkland dedication standard of five acres per thousand population expected to reside in new residential subdivisions in the City of Newport Beach ("City"); WHEREAS, Section 19.52.050(B) (Determination of Land or Fee — In Lieu Fee) of the NBMC requires the subdivider pay an in lieu fee equal to the value of land required for dedication for subdivisions containing 50 lots or less; WHEREAS, Section 19.52.050(C) (Determination of Land or Fee — Both Dedication and Fee) of the NBMC allows the decision -making body to require land dedication, an in lieu fee, or a combination of the two for subdivisions containing more than 50 lots; WHEREAS, Section 19.52.070 (Fee in Lieu of Dedication) of the NBMC establishes that when a fee is required to be paid in lieu of land dedication, that fee shall be equal to the acreage of land which would otherwise be required to be dedicated, multiplied by the fair market value per acre as established by periodic appraisal prepared by the City ("In Lieu Park Dedication Fee"); WHEREAS, the City has retained a qualified appraiser to update and establish the fair market value per acre; WHEREAS, the results of the appraisals of two park sites, one commercial industrial property, and one mixed -use property in the City have established an average value of $5,343,100 as the fair market value per acre; WHEREAS, said fair market value would establish an In Lieu Park Dedication Fee of $59,575.57 per new residential unit created by an approved subdivision; Resolution No. 2024-75 Page 2 of 3 WHEREAS, Resolution No. 2020-95 previously established the fair market value per acre to be used in computing In Lieu Park Dedication Fee, and said Resolution is to be hereby superseded and rescinded; and WHEREAS, the City Council has reviewed the appraisal reports and determines the average fair market cost per acre to be appropriate. NOW, THEREFORE, the City Council of the City of Newport Beach resolves as follows: Section 1: The amount of $5,343,100 is the fair market value per acre to be used in assessing In Lieu Park Dedication Fee pursuant to Chapter 19.52 (Park Dedications and Fees) of the NBMC. Section 2: The amount of $59,575 per new residential unit created by an approved subdivision is the fair market value in assessing In Lieu Park Dedication Fee pursuant to Chapter 19.52 (Park Dedications and Fees) of the NBMC. Section 3: The In Lieu Park Dedication Fee established herein shall be phased - in as follows. Six months following the approval of this resolution, the fee shall be set at $48,987 per unit; and one year following the approval date of this resolution, the fee shall be set at $59,575 per unit. Section 4: The recitals provided in this resolution are true and correct and are incorporated into the operative part of this resolution. This resolution supersedes and replaces Resolution No. 2020-95 and any other resolution that conflicts with the fee amount, adjustments, and phase in provided in the previous sections. Section 5: The City Council finds the adoption of this resolution is not subject to the California Environmental Quality Act ("CEQA") pursuant to Sections 15060(c)(2) (the activity will not result in a direct or reasonably foreseeable indirect physical change in the environment) and 15060(c)(3) (the activity is not a project as defined in Section 15378) of the CEQA Guidelines, California Code of Regulations, Title 14, Division 6, Chapter 3, because it has no potential for resulting in physical change to the environment, directly or indirectly. Resolution No. 2024-75 Page 3 of 3 Section 6: If any section, subsection, sentence, clause or phrase of this resolution is, for any reason, held to be invalid or unconstitutional, such decision shall not affect the validity or constitutionality of the remaining portions of this resolution. The City Council hereby declares that it would have passed this resolution, and each section, subsection, sentence, clause or phrase hereof, irrespective of the fact that any one or more sections, subsections, sentences, clauses or phrases be declared invalid or unconstitutional. Section 7: This resolution shall take effect immediately upon its adoption by the City Council, and the City Clerk shall certify the vote adopting the resolution. ADOPTED this 8th day of October, 2024. Will O'Neill Mayor ATTEST: 1 E%►,, d , � Re A Leilani I. Brow City Clerk cq<,�p�tN`P APPROVED AS TO FORM: CITY ATTORNEY'S OFFICE Aaron C. Harp City Attorney STATE OF CALIFORNIA } COUNTY OF ORANGE } ss. CITY OF NEWPORT BEACH } I, Leilani I. Brown, City Clerk of the City of Newport Beach, California, do hereby certify that the whole number of members of the City Council is seven; the foregoing resolution, being Resolution No. 2024-75 was duly introduced before and adopted by the City Council of said City at a regular meeting of said Council held on the 10th day of October, 2024; and the same was so passed and adopted by the following vote, to wit: AYES: Mayor Will O'Neill, Mayor Pro Tern Joe Stapleton, Councilmember Brad Avery, Councilmember Noah Blom, Councilmember Robyn Grant, Councilmember Lauren Kleiman, Councilmember Erik Weigand NAYS: None IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the official seal of said City this 11th day of October, 2024. Leilani I. Brown ` City Clerk Newport---- , Cali rnia H ,U