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HomeMy Public PortalAboutRES-CC-2012-12RESOLUTION #12-2012 A RESOLUTION EXTENDING THE TIME FOR USE OF WATER IMPACT FEES WHEREAS, Utah Code Annotated Section 11-36-302 provides that a local subdivision that collects impact fees must spend or encumber those impact for a permissible purpose within six years of the date of collection unless the local subdivision identifies, in writing an extraordinary and compelling reason why the fees should be held longer than six years and an absolute date by which the fees will be expended; and WHEREAS, the City of Moab has collected water impact fees since 1999; and WHEREAS, the purpose of said impact fees is to pay for costs associated with the planning, design, property acquisition, construction, and or other costs associated with increasing the City's water storage capacity; and WHEREAS, recent studies modeling the City's water system have called into question previous assumptions about the location, size and need for additional city water tanks and other facilities that would increase the City's water storage capacity; and WHEREAS, the City has set aside in the 2012-13 City Budget impact fee monies in order to pay for an update to the City's water and sewer impact fees; and WHEREAS, the update to the City's impact fees will update priorities for projects for which using water impact fees is most appropriate; and WHEREAS, further planning and design efforts will be needed to prepare a water capacity project for bidding and construction; and WHEREAS, the City needs additional time to determine the best use of impact fee funds in order to properly design, plan for and locate water storage and other facilities; NOW THEREFORE, WE THE GOVERNING BODY of the City of Moab do hereby extend the timeframe for the water impact fees collected in the 2006-2008 timeframe for an additional four years from the date of collection to provide for additional planning time for the appropriate use of said funds. PASSED AND APPROVED in open Council by a majority vote of the Governing Body of Moab City Council on June 26, 2012. SIGNED: David L. Sakrison, Mayor ATTEST: Rachel E. Stenta, Recorder Resolution #12-2012 Page 1 of 1