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Dept Report 09-07-10 :r CARMEL PLAN COMMISSION IMPACT FEE ADVISORY COMMITTEE DEPARTMENT REPORT SEPTEMBER 7, 2010 1. Plan Commission Resolution PC- 08- 17 -10: Resolution to implement increase in Parks and Recreation Impact Fee and ratify the scheduled fee increase for June 2011. Please refer to the update memo mailed out last Friday. The proposed Plan Commission Resolution amends the scheduled increase in the Parks and Recreation Impact Fee. The resolution recommends that the Common Council ratify and approve the scheduled increase for months 13 -24 (June 15, 2011 June 14, 2012) as adopted in Zoning Ordinance Section 29.07.04(a). See the excerpt below: 29.07.04(a) $1,261, during months 1 -12 of the effectiveness of this PRIF Ordinance; and increase in the following manner provided the Common Council, shall approve each subsequent increase prior to implementation, $1,387, during months 13 -24 of the effectiveness of this PRIF Ordinance; $1,526, during months 25 -36 of the effectiveness of this PRIF Ordinance; $1,679, during months 37 -48 of the effectiveness of this PRIF Ordinance; or $1,847, after month 48; times Per the Zone Improvement Plan, the impact per new residential unit over the 10 -year planning period is $2,275, which is above the ordinance prescribed fee of $1,847 per new unit after month 48. (Note: this applies only to new residential developments.) After all comments /concerns are addressed, the Dept of Community Services (DOCS) recommends that the Impact Fee Advisory Committee sends this item to the Sept. 21 Plan Commission meeting with a favorable recommendation. 5