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City Council Report 915 I Street, 1st Floor Sacramento, CA 95814 www.cityofsacramento.orgFile ID: 201801169August 28, 2018Consent Item 18Title: Park Development Impact Fee Credit Agreement for Sutter
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Developers or property owners who are constructing new developments or making significant modifications to existing developments may need to pay a park development impact fee. Government agencies use these fees to fund the creation, improvement, or expansion of parks and recreational facilities in the area impacted by the development.
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Park development impact fee is a fee assessed on new development to help fund the construction or improvement of parks and recreational facilities.
Developers or property owners of new developments are required to file park development impact fee.
Park development impact fee can be filled out by submitting the required documentation and payment to the appropriate governmental agency.
The purpose of park development impact fee is to ensure that new developments contribute to the funding of parks and recreational facilities to accommodate the increased demand resulting from the development.
Information such as the type of development, size of development, and amount of fee owed must be reported on park development impact fee.
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