Parkland Equalization

“The parkland fee component of the SPIF fee is to equitably spread the cost burden of providing the necessary and required parklands in the Folsom plan area among the participating landowners in the Folsom plan area, consistent with Section 4.2.2.1 of the FPA development agreements.”

“The purpose of this chapter is to establish and impose a specific plan infrastructure fee (SPIF fee) on new development within the Folsom plan area that equitably spreads the burden of public improvements and facilities and distributes the cost of public lands and community parkland to development projects within the Folsom plan area.”

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

2015

“(Ord. 1307 §3, 2020; Ord. 1293 §3, 2019; Ord. 1235 §1 (part), 2015)”

Ordinance No. 1235 (Ord. 1235 §1 (part), 2015), as amended by Ord. 1293 §3, 2019 and Ord. 1307 §3, 2020

“(Ord. 1307 §3, 2020; Ord. 1293 §3, 2019; Ord. 1235 §1 (part), 2015)”

other: prior to recordation of the small-lot final subdivision map (NOT at building permit)

“after all parkland fee credits have been applied to the area covered by the small lot tentative map, the parkland equalization fee shall thereafter be paid for each small lot final map as each map exceeds the parkland dedication credit, prior to the recordation of such small lot final subdivision map”

City of Folsom, the agency that levies it

“City of Folsom / Community Development Department / 50 Natoma Street / Folsom, CA 95630 / 916-461-6200”

“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.”

“the amount of parkland included in the small lot tentative map shall be credited against this parkland requirement (the "parkland fee credit") and, to the extent any additional parkland requirement remains, the value of the additional required dedication shall be determined pursuant to subsection F of this section based on the three-year rolling average of appraised value for such parkland dedications (the "parkland equalization fee")”