9497.4. - Agoura Village Cost Recovery Fee.

A.

Purpose and overview. The purpose of the cost recovery fee is to allow the city of Agoura Hills to recover the costs for preparing and implementing the Agoura Village Specific Plan, as well as other various related planning and environmental costs. The Agoura Village Specific Plan addresses the need to create a mix of uses that offer a town center and a pedestrian-friendly environment at a key location in the city, and results in enhanced public facilities and design features within the Agoura Village area. Since all property owners within the project area will benefit from these enhancements, the processing costs will be spread equitably among all property owners.

B.

Applicability. The applicant for any building permit and/or discretionary land use permit for new construction on property located in whole or in part within the Agoura Village Specific Plan zone shall pay the Agoura Village Cost Recovery Fee at the same time and in the same manner as building permit and other development fees.

C.

Agoura Village Reimbursable Expenditures. As shown in Table 1, the costs to be recovered are estimated at four hundred ninety seven thousand and seven hundred thirty-one dollars ($497,731.00), and include the costs of preparing and implementing the strategic action plan, costs for design assistance and financial plan preparation, and costs for roundabout design and traffic engineering. The costs to be recovered are documented and such documentation is on file in the department of community development.

Table 1

AGOURA VILLAGE STRATEGIC ACTION PLAN REIMBURSABLE EXPENDITURES

Source: City of Agoura Hills, March 10, 2005

D.

Agoura Village Description. The land uses utilized in the EIR are summarized in Table 2. As shown, there is an estimated eight hundred forty-six thousand and two hundred eight (846,208) square feet included in the Agoura Village project development. The area encompasses about ninety-eight (98) acres, of which about forty (40) acres is developable. This represents the total square feet under build out conditions. About thirty-two (32) percent of the land use is allocated to residential use, with about sixty-eight (68) percent to retail use.

Table 2

AGOURA VILLAGE SPECIFIC PLAN

DEVELOPMENT POTENTIAL BY LAND USE

E.

Allocation methodology. Fees have been estimated by spreading the costs on an equitable basis using square footage. Fee allocation based on square footage provides a more equitable distribution of costs than fee allocation based on developable acreage. The estimated costs of four hundred ninety-seven thousand and seven hundred thirty-one dollars ($497,731.00) have been allocated over the different square footages estimated for Agoura Village. The cost recovery fee based on square footage is estimated at $0.5882 per square foot.

Table 3

AGOURA VILLAGE SPECIFIC PLAN

ESTIMATED COST RECOVERY PROCESSING FEES[1]

TOTAL 846,208 $0.5882 $497,655

1. Based on estimated costs of $497,731

2. Reflects rounding.

Source: City of Agoura Hills

(Ord. No. 05-331, § 1, 4-13-2005; Ord. No. 11-388, § 48, 12-14-2011)