Agenda Item # 10.a.
City Commission Regular Meeting
- Meeting Date:
- 02/17/2015
- Re
- Impact Fee Mitigation
- Submitted For:
- Linda Cox
SUBJECT:
Ordinance No. 15-002 - Creating Section 22-420, Economic Development Impact Fee Mitigation Program within Chapter 22 - Zoning, Article XVI. SECOND READING
SUMMARY:
At their March 10, 2014 Conference Agenda meeting, the Mayor and City Commission directed the City Manager to evaluate various incentive programs to accelerate development and attract businesses to Fort Pierce, specifically a qualified target industry (QTI) impact fee mitigation program similar to that adopted by St. Lucie County.
At the December 8, 2014 Conference Agenda meeting, the Economic Development Team presented a final draft ordinance of an Economic Development Impact Fee Mitigation Program. Consensus was to move forward with adoption of the Ordinance as presented.
At the December 8, 2014 Conference Agenda meeting, the Economic Development Team presented a final draft ordinance of an Economic Development Impact Fee Mitigation Program. Consensus was to move forward with adoption of the Ordinance as presented.
RECOMMENDATION:
Adopt Ordinance No. 15-002
ALTERNATIVES:
Do not adopt Ordinance.
RESPONSIBLE STAFF:
Nicholas Mimms, Deputy City Manager
Kori Benton, Historic Preservation Officer
Linda W. Cox, City Clerk
Kori Benton, Historic Preservation Officer
Linda W. Cox, City Clerk
COORDINATED WITH:
City of Fort Pierce Economic Development Team
Fiscal Impact
- Budgeted Y/N:
- Fiscal Year:
- Account:
- Amount:
OTHER INFORMATION:
The current balance of unspent impact fees is $334,299.35. We are unable to calculate the fiscal impact at this time because we don't know how many businesses may take advantage of the program. All program applicants will come before the Commission for approval and the fiscal impact will be calculated at that time.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| City Manager | rbradshaw | 01/27/2015 02:25 PM |
- Form Started By:
- Linda Cox
- Started On:
- 01/21/2015 11:13 AM
- Final Approval Date:
- 02/03/2015