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EVERETT CITY COUNCIL AGENDA IIBM COVER SHEET 2 <br /> PROJECT TITLE: <br /> An Ordinance revising the Briefing COUNCIL BILL# ` <br /> Small Project Impact Fee Proposed Action Originating Department Public Works <br /> Ordinance, Repealing Consent Contact Person Tim Miller <br /> Ordinance No. 2424-99 and Action Phone Number (425) 257-8977 <br /> 2505-00, as amended(Chapter First Reading FOR AGENDA OF June 4,2014 <br /> 18.36 EMC). Second Reading <br /> Third Reading <br /> Public Hearing <br /> Budget Advisory Initialed by: <br /> Department Head <br /> CAA C.110 <br /> Council President goiln <br /> Location Preceding Action Attachments Department(s)Approval <br /> City of Everett Ordinance No. 2424-99 Proposed Ordinance Public Works,Admin <br /> Ordinance No. 2505-00 <br /> Amount Budgeted -0- <br /> Expenditure Required -0- Account Number(s): <br /> Budget Remaining -0- <br /> Additional Required -0- <br /> DETAILED SUMMARY STATEMENT: <br /> The city of Everett has not revised the Small Project Impact Fee regulations since the adoption of Ordinance <br /> Nos. 2424-99 and 2505-00. Currently,these regulations are in need of an update including an increase in fees <br /> which are extraordinarily low when compared to benchmark municipalities. <br /> The significant increase in construction costs since the adoption of these regulations makes an increase in the <br /> impact fees necessary. By adjusting these fees,the City can ensure that a proportionate share of capital <br /> improvements will be paid for by the new development which is driving the need for said improvements. <br /> RECOMMENDATION (Exact action requested of Council): <br /> Adopt the proposed ordinance revising the Small Project Impact Fee Ordinance, Repealing Ordinance No. <br /> 2424-99 and 2505-00, as amended (Chapter 18.36 EMC). <br /> 77 <br />