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HomeMy Public PortalAboutResolution 1756 RESOLUTION NO. 1756 A RESOLUTION RE-ESTABLISHING A TRAFFIC IMPACT FEE OF $1,000 PER DWELLING UNIT WHEREAS, the Village of Plainfield has a standard form of annexation agreement that includes the payment of a traffic impact fee per dwelling unit; and WHEREAS, there are a number of residential developments approved by annexation agreement that include the requirement of payment of a traffic impact fee per dwelling unit; and WHEREAS, in recognition of the economic downturn, in 2010 the Village adopted Resolution No. 1610, adopting the Village of Plainfield Business Plan; and WHEREAS, the Business Plan, among other provisions, stipulated that collection of the traffic impact fee per dwelling unit imposed by existing annexation agreements be waived until further action of the Board of Trustees; and WHEREAS, economic conditions have improved since 2010 to the extent that the Village believes it is sustainable to re-introduce a traffic impact fee per dwelling unit as identified in existing annexation agreements and as a policy for future annexations. NOW, THEREFORE, BE IT RESOLVED, that the Village of Plainfield does hereby resolve to begin collecting a traffic impact fee of $1,000 per dwelling unit, payable at time of building permit issuance, for each new dwelling unit for which the dwelling unit is subject to payment of a traffic impact fee of $1,000 or greater pursuant to its annexation agreement. BE IT FURTHER RESOLVED that the payment of the applicable $1,000 per dwelling unit traffic impact fee shall be required as of May 1, 2018 and shall continue until further action by the Board of Trustees. PASSED AND APPROVED by the Village of Plainfield on this 16th day of April, 2018. };} MICHAEL P. CO "LINS VILLAGE PRESIDENT ATTEST: VILLAGE CLERK