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2014-018 - Amending Construction Activity Impact Mitigation FeesRESOLUTION 2014 -018 RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS AMENDING THE TOWN OF LOS GATOS CONSTRUCTION ACTIVITY IMPACT MITIGATION FEES WHEREAS, Chapter 15, Article IX of the Town of Los Gatos Town Code provides for the mitigation of road impacts caused by construction projects; and WHEREAS, the purpose of these fees is to assure that each new development or expansion of use pays its fair share of the refurbishment needed to mitigate the impacts of construction activities; and WHEREAS, the Town Council adopted by resolution a construction activities mitigation fee of one dollar per square foot added for both residential and non - residential development effective July 1, 2010; and WHEREAS, Section 15.90.035 (d) of the Town Code states that the dollar amount of the adopted construction activities mitigation fee rates shall be adjusted on July 1 of each year to account for changes in the cost of facilities; and WHEREAS, no changes have been made since July 1, 2010 in the approved rates; and WHEREAS, the increase in the Engineering News Record (ENR) Building Cost Index for the San Francisco Region since July 2010 is 11.52 %; and WHEREAS, Section 15.90.035 (d) of the Town Code cites the ENR Building Cost Index as the benchmark for adjusting the Construction Activity Impact Mitigation Fee. NOW, THEREFORE, BE IT RESOLVED, by the Town Council of the Town of Los Gatos, County of Santa Clara, State of California that the Construction Activity Impact Mitigation Fee shall be set at $1.12 per square foot added for new residential or non - residential development. PASSED AND ADOPTED at a special meeting of the Town Council of the Town of Los Gatos held on the 24`" day of March, 2014 by the following vote: COUNCIL MEMBERS: AYES: Marcia Jensen, Joe Pirzynski, Diane McNutt, Barbara Spector, Mayor Steven Leonardis NAYS: ABSENT: ABSTAIN: MAYOR OF THE T"OF LOS GATOS LOS GATOS, CALIFORNIA ATTEST: CLERK ADMINISTRATOR OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA