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Res 97-246 RESOLUTION NO. 97-246 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, ADOPTING THE SCHOOL IMPACT FEE SCHEDULE FOR 1997-98 WHEREAS, the Washington State Legislature passed the Growth Management Act of 1990 and 1991, RCW 36.70A ct.sI:Q. and RCW 82.02 ct.sI:Q. (the" Act"), which authorizes the collection of impact fees on developm~t activity to provide public school facilities to serve new development; and WHEREAS, the Act requires that impact fees may only be collected for public facilities which are addressed by a capital facilities element of a comprehensive land use plan; and WHEREAS, the District has prepared a capital facilities plan in compliance with the Act which has been adopted by the City of Federal Way as a sub-element of the City of Federal Way Comprehensive Plan by Ordinance No. 95-248; and WHEREAS, the City ofFedera1 Way has adopted Ordinance No. 95-249, as amended by Ordinance No. 97-293, for the assessment and collection of school impact fees upon certain new residential developments on behalf of the District; and WHEREAS, Ordinance Nos. 95-249 and 97-293 authorize the City Council to adopt an impact fee schedule based upon the school impact fee calculation fonnula and other infonnation provided by the District; and WHEREAS, Resolution No. 97-239 amended Resolution No. 95-222 to include the school impact fee schedule previously adopted by the City Council; and RES #97-246, PAGE 1 (c~~ìf WHEREAS, the City Council has reviewed the proposed fee schedule and other information submitted by the District, and made appropriate adjustments to the fee calculation formula in Ordinance No. 97-293; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF I:EDERAL WAY DOES HEREBY RESOLVE AS FOLLOWS: Section 1 Impact Fee Schedule AdQ1)tion. The fee schedule setting forth the calculation and amounts of school impact fees to be collected pursuant to Chapter 14, Article VI, Section 14-213 of the Federal Way City Code shall be and hereby is adopted. A copy of the fee schedule is attached to this Resolution as Exhibit A. Section 2 Amendment of City of Federal Wfty Schedule of Fees and Char~es. Section Twenty of Resolution No. 95-222, as amended by Resolution No. 97-239, shall be further amended as follows: SECTION TWENTY. IMPACT MlTIGA TION. Type of Fee Amount School Impact Fee * * As uhñ.lishcd 1>, F...d.......al Wlt) Schv.A D~~t.~"t No. 219 Cap~bd FA'-Jitiu Plan Àpp>v.cJ 1>, Ik Bœ.d vf Diax.to>~ adQpted I¡y the Federal Way City Council in Re.'!Olution No 97-246 and authorized by City Ordinance Nos. 95-249 and 97-293 (a copy of the impact fee schedule is available in the City Clerk's Office or the City's Department of Community Development). Section 4 Severability. H any section, sentence, clause or phrase of this resolution should be held to be invalid or unconstitutional by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity or constitutionality of any other RES #97-246, PAGE 2 section, sentence, clause or phrase of this resolution. Secnon 5 F.ffecnve Date. This resolution shall be effective ten (10) days from the date of its passage. RESOLVED BY THE CITY COUNCIL OF THE CITY OF FeDERAL WAY, WASHINGTON, this l5th day of April ,1997. CITY OF FEDERAL WAY .j¿fdi¿, ry YOR, MARLON S. PRIEST ATTEST: Rrhi¡fJI ß;lkrJr, .!hJ71~ CITY C,r CHRISTINE , CMC APPROVED AS TO FORM: '--;/:7 ~~ ~ELL ~. FILED WITH THE CITY CLERK: 04-08-97 PASSED BY THE CITY COUNCIL: 04-15-97 RESOLUTION NO. 97-246 1{,\lU!SO\SCHIMFBB.!17 RES #97-246, PAGE 3 Student Factor Cost! Cost! MFR SFR MFR .140 $1,498 $623 .050 $770 $302 .044 $0 $0 $2,268 $926 SFR MFR FEDERAL WAY SCHOOL DISTRICT #210 -1996/97 CAPITAL FACILITIES PLAN IMPACT FEE "';¡' Elementary Jr High Sr High Student Factor Elementary Jr High Sf High Elementary Jr High Sr High Student Factor Elementary Jr High Sr High Tax Payment Credit Calculation Average Assessed Value (March 97) Capital Bond Interest Rate (March 97) Net Present Value of Average Dwelling Years Amortized Property Tax Levy R?te Present Value of Revenue Stream Mitigation Fee Summary Site Acquisition Cost Pennanent Facility Cost Temporary Facility Cost State Match Credit Tax Payment Credit Sub-Total Single Family Multi-Family Residences Residences $68 $28 $8,461 $3,474 $53 $22 ($2,268) ($926) ($1,571) ($482) $4,743 $2,116 $2,372 $1,058 $2,372 $1,058 ~ III-I5 IMPCTFE2XI.S 4/8/9, IO,04M1 50% Local Share ~Impact Fee E'X'1I18IT'II" Cost! Cost! SFR MFR $32 $13 $36 $14 $0 $0 $68 $28 Cost! Cost! SFR MFR $6,462 $2,689 $2,000 $785 $0 $0 $8,461 3,474 Cost! Cost! SFR MFR $32 $13 $12 $5 $10 $4 $53 $22 ....~P~,.~gg...... ......~.~.~.,.~~.~....... 5.81% 5.81% ............................................................ ..~.Iß~~,?~.~.... ...J.~.~g,?~~...... 10 10 ............................................................ $1.55 $1.55 $1,571 $482