Village 1 IFP City Administration Fee

“A separate Infrastructure Finance Plan City Administration Fee of one and one-half percent (1.50%) has been tabulated (included in Appendix 29) as a budgetary figure to account for the City's administering the Village 1 Finance Plan.”

“The Reimbursement Fee also includes allocation for initial Infrastructure Finance Plan Administration / Set-Up by the City of Lincoln. Ongoing administration costs have been included in the Plan by way of a 1.50% fee, further discussed in Section 7 of this report.”

“The Village 1 Specific Plan Area consists of 1,832.1 acres of land located in Placer County to the east of the City of Lincoln and within the Lincoln Sphere of Influence, as shown in Exhibit 1. The Village 1 area is primarily utilized at present for agricultural uses. As Exhibit 2 illustrates, property within the Specific Plan Area consists of 59 parcels of varying size with numerous registered owners. At present, approximately 1,712 acres are being annexed into the City of Lincoln, 1,366.5 acres of which have been considered active participants (those parcels that have been identified as likely to develop within the next 30 years) in the Village 1 Infrastructure Finance Plan.”

2016-09-13

“"Infrastructure Financing Plan" shall mean the Lincoln Village 1 Infrastructure and Public Facilities Financing Plan, including Volumes 1 and 2, adopted by the City Council on September 13, 2016, by Resolution No.2016-181 as updated in accordance with the terms thereof. The Infrastructure Financing Plan is incorporated into this Agreement by this reference.”

Resolution No. 2016-181

“"Infrastructure Financing Plan" shall mean the Lincoln Village 1 Infrastructure and Public Facilities Financing Plan, including Volumes 1 and 2, adopted by the City Council on September 13, 2016, by Resolution No.2016-181 as updated in accordance with the terms thereof. The Infrastructure Financing Plan is incorporated into this Agreement by this reference.”

“This Fee has been distributed based upon an individual parcel developable acreage as a percentage of total developable acreage. This fee will be payable at city council acceptance of Final Map and/or prior to obtaining on-site rough grading permit (excluding stockpile permits or any permitted temporary operations such as ground preparation or tree removal), whichever occurs first.”

City of Lincoln, the agency that levies it

“The City of Lincoln will administer the Village 1 Fee Program with each project paying its fee prior to city council acceptance of Final Map and / or prior to obtaining on-site rough grading permit (excluding stockpile permits or any permitted temporary operations such as ground preparation or tree removal). The Infrastructure Cost applicable for each project is calculated on a per developable acre basis.”

“[1] Excludes Parcels north of Turkey Creek Golf Course, Tofft, areas outside of the annexation boundary (i.e. Allen, Bennett, Ewing, Jmag Enterprises and O'Brien).”

“If parcels that are excluded from the Infrastructure Finance Plan but are included in the Specific Plan advance development plans sooner than anticipated, then they will be subject to the Infrastructure Finance Plan and applicable fees. If the plan does not require the additional funding obtained from parcel electing to participate, then the Plan shall reimburse all everyone participating if the savings, if the savings is greater than 5% of the acreage assessment.”