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HomeMy Public PortalAbout2015_01_27_O002 Amending the ZO to increase Parking Payment In Lieu Fees The Town of Leesburg, Virginia PRESENTED January 27, 2015 ORDINANCE NO. 2015-0-002 ADOPTED January 27, 2015 AN ORDINANCE: TO INCREASE THE PAYMENT IN-LIEU PARKING FEE FOR PARKING REQUIREMENTS IN THE H-1, OLD AND HISTORIC OVERLAY DISTRICT WHEREAS, adequate parking is essential to the viability of business and tourism in the downtown historic district; and WHEREAS, Section 11.4.3 of the Leesburg Zoning Ordinance provides that developers within the H-1, Old and Historic Overlay District may provide a portion or all required off-street parking by means of an in-lieu payment to a town parking fund, such payment to be based on a fee established by resolution of the Town Council; and WHEREAS, an in-lieu fee of$1,600.00 per parking space was established on June 26, 1985, and subsequently increased to $3,000.00 per parking space on January 14, 1987 to reflect the cost of constructing public parking in lieu of required private spaces; and WHEREAS, Section 11.4.3 of the Leesburg Zoning Ordinance expressly states that the amount of the fee should be updated from time to time; and WHEREAS, Town staff has analyzed the potential cost of providing public parking in the H-1 District and has determined that the cost of a parking space has risen substantially based on increased land and development costs in 2014; and WHEREAS,the Consumer Price index has risen 109%between January 14, 1987 and September 1, 2014, meaning the value of$3,000.00 in 1987 is equivalent to $6,270.00 today; and WHEREAS, an update to the established payment in-lieu fee is necessary to capture this rise in the cost of providing public parking under current costs and conditions based on the Consumer Price Index. WHEREAS, on January 27, 2015 the Town Council held a duly advertised public hearing to - 2 - AN ORDINANCE: TO INCREASE THE PAYMENT IN-LIEU PARKING FEE FOR PARKING REQUIREMENTS IN THE H-1, OLD AND HISTORIC OVERLAY DISTRICT consider the matter. THEREFORE, RESOLVED, by the Council of the Town of Leesburg in Virginia that: SECTION I. The current fee of$3,000.00 per parking space as a payment in-lieu for providing required off-street parking within the H-1 Old and Historic District is hereby amended to $6,270.00 per parking space. SECTION II. The payment in-lieu fee shall be adjusted annually on January 1st of each year to reflect the latest Consumer Price Index figures. SECTION III. Funds derived from such fees shall be deposited by the Town in a special account to be used exclusively for the purpose of planning, designing, acquiring and developing public off-street parking facilities in the H-1, Old and Historic Overlay District. SECTION IV. All prior ordinances in conflict herewith are hereby repealed. SECTION V. Severability. If a court of competent jurisdiction declares any provision of this ordinance invalid,the decision shall not affect the validity of the ordinance as a whole or any remaining provisions of the Leesburg Zoning Ordinance. SECTION VI. This ordinance shall be effective upon its adoption. PASSED this 27th day of January, 72044-.. Um• .ttd, Mayor _ p Town of Leesburg ATTEST: Clerk of C• I ip P:\Ordinances\2015\0127 Amending the ZO re Parking Payment in Lieu.doc