3% Admin Fee

“The administration fee component of the SPIF fee is to equitably spread the cost burden of administering the SPIF fee program among the landowners in the Folsom plan area.”

“When available for disbursement or use, moneys in the administration fee component subaccount of the fund shall be used to finance the administration of the SPIF fee program.”

“\u201cFolsom plan area\u201d means the property within the city of Folsom located south of Highway 50 within the approved specific plan.”

2015

“A SPIF fee is hereby established for the purposes articulated in this chapter and consistent with the PFFP and the study to be adopted by the city council. The initial amount of the SPIF fee shall be set by resolution of the city council following a public hearing and consistent with the Mitigation Fee Act, the FPA development agreements, the PFFP and the study. ... (Ord. 1307 § 3, 2020; Ord. 1293 § 3, 2019; Ord. 1235 § 1 (part), 2015)”

Ordinance No. 1235 (amended by Ordinance No. 1293, 2019 and Ordinance No. 1307, 2020)

“A SPIF fee is hereby established for the purposes articulated in this chapter and consistent with the PFFP and the study to be adopted by the city council. The initial amount of the SPIF fee shall be set by resolution of the city council following a public hearing and consistent with the Mitigation Fee Act, the FPA development agreements, the PFFP and the study. ... (Ord. 1307 § 3, 2020; Ord. 1293 § 3, 2019; Ord. 1235 § 1 (part), 2015)”

“Fee Collected at Final Map”

City of Folsom, the agency that levies it

“the SPIF set-aside component of the SPIF fee for the purpose of funding certain off-site roadway improvements shall be collected from residential and commercial developments in the Folsom plan area at the time of building permit and paid to the city”

“Portions of the Folsom plan area zoned for exempt public facilities are exempt from the SPIF fee unless and until such zoning is changed to private use. Once the SPIF fee is paid with respect to a residential development, the SPIF fee shall not thereafter be required to be paid in connection with the issuance of any building permit to remodel, reconstruct or expand any residential structure within such development that does not increase the number of dwelling units for such development upon which the SPIF fee was based.”

“Fee credits related to improvements or the dedication of public facility lands may be used against either the infrastructure fee component and/or the public lands fee component, but may not be applied against the parkland fee component or the administrative fee component.”