The City Council finds as follows.
(A) The City Council by Resolution 89-24 adopted March 1, 1988 has adopted policies for the financing of improvements in the South Corona area.
(B) These policies require the enactment and implementation of certain development fees to assure that all development pays its fair share of the costs of providing necessary infrastructure for the area.
(C) Because different land uses impose differing burdens on community facilities, a specific development’s fair share must be determined by a formula that accounts for such differences.
(D) The City Council has established an Equivalent Dwelling Unit ("EDU") measurement to determine the relative burden imposed by any residential or nonresidential development in the South Corona area.
(E) The proper funding source for the costs associated with creating the South Corona Community Facilities Plan, as well as for the actual development and construction of thoroughfares, drainage, sewer, emergency, water, traffic signalization and parks, recreation and open space facilities is a specific development fee for each type of facility related to the specific need created by the development which is reasonably related to the estimated cost of constructing such necessary infrastructure when the city projects such construction to be commenced, discounted to present value.
(F) The nature of the South Corona area is such that a special chapter in the Corona Municipal Code addressing the development fee financing structure must be added.
(G) The provisions of this chapter are in addition to all the other provisions of the Corona Municipal Code and all new development in the South Corona area, whether by subdivisions or otherwise, is subject to all other provisions of the Corona Municipal Code as well as to the provisions of this chapter.
(H) In order to assure fair and legally sound implementation of the development fees established in this chapter, such fees shall be reviewed annually and shall be set by special noncodified ordinance following notice and hearing.
(I) In order to assure fair implementation of the development fees established in this chapter, the City Council must have the latitude to defer or waive such fees in special case, after notice and hearing, where better or more fair financing arrangement would result from such deferral or where imposition of such fee or fees would cause undue hardship.
(J) To assure fair implementation of the development fees established by this chapter, provision must be made for extending such fees to subsequently annexed land that benefits from the public facilities funded by these fees.
(K) Notice of the public meeting adopting this chapter has been given in compliance with Cal. Gov’t Code §§ 54954.6, 65091 and 66484.
(`78 Code, § 16.25.000.) (Ord. 2440 § 4, 2000; Ord. 2388 § 4, 1999; Ord. 1944 § 1 (part), 1989.)