HomeMy WebLinkAboutCouncil Resolution 707RESOLUTION N0. ~~
A RESOLUTION MODIFYING THE CITY'S PARKS
SYSTEM DEVELOPMENT CHARGE
Recitals
1. Oregon Revised Statutes Chapter 223 and Central Point
Municipal Code Chapter 11.12 authorize enactment of systems
development charges. By Resolution No. 589, dated June 25, 1991,
Central Point established a parks system development charge, in
the amount of $515 per dwelling unit.
2. The methodology used in computing the amount. of the
parks SDC included estimating the cost of replacing the City's
current park improvements. That estimate totaled $1,426,000 as
of June 25, 1.991.
3. The cost of replacing the current park improvements has
risen since June 25, 1991. Based upon the "Engineering News
Record Construction Cost Index", the yearly increases of
construction costs has been as follows:
1991 - 3.8%
1992 - 3.66%
1993 - 5.140
1994 (first half only) - 5.80
Using only the second half of 1991 and the first half of
1994, and applying the percentage increases to the 1991 SDC of
$515, the modified SDC is $588, which is an average yearly
increase of 4.530.
4. The parks SDC should be adjusted each year according to
the "Engineering News Record Construction Cost Index" in order to
keep up with inflation. That adjustment should be made
administratively.
Now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CENTRAL
POINT, OREGON AS FOLLOWS:
Section 1. The City's parks SDC established by Resolution
No. 589 on June 25, 1991 is hereby modified and shall be
increased to $588 per dwelling unit, effective upon passage of
this resolution.
1 - RESOLUTION NO, f~ (072094)
Section 2. The parks SDC shall be adjusted on an annual
basis according to the "Engineering News Record Construction Cost
Index". Such adjustment shall be accomplished by the City
administratively, without the necessity of any action of the City
Council, with the annual modification to be effective July 1 of
each year.
Passed by the Council and signed by me in authentication of
its passage this / day of ,~ff~,}o,,,,,~„ c, , 1994.
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Mayor~Roge= Westensee
ATTEST:
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City Rep sen'ative
Approved by me this _~ day of ~~~~_~, 1994.
Mayor Roger Westensee
2 - RESOLUTION N0. (072094)