Temporary Fee Reduction Incentive Program for Non-Residential Development
Summary
SCH Number
2013078264
Public Agency
City of Galt
Document Title
Temporary Fee Reduction Incentive Program for Non-Residential Development
Document Type
NOE - Notice of Exemption
Received
Posted
7/22/2013
Document Description
The program entails a temporary 25% reduction in traffic capital impacts fees for construction of new non-residential building projects. The dollar amount of the fee reduction will be deffered pending an update of the City's planned Traffic Capital Improvements Plan TCIP and adoption of revised 25% reduction from current fees, the "gap" in funding will be re-paid to either the entity who paid the original fee or the Traffic Capital Fund, as applicable, from the increased sales tax revenue generated by money would come from its incremental increase in transient occupancy tax or property tax revenue, in that order of priority.
Contact Information
Name
Sandra Kiriu
Agency Name
City of Galt
Contact Types
Lead/Public Agency
Phone
Location
Counties
Sacramento
Notice of Exemption
Exempt Status
Other
Reasons for Exemption
General Rule.
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