A. A public facilities land acquisition fee is established and imposed pursuant to the provisions of this chapter to provide for the acquisition of public land within the North Natomas finance plan area pursuant to the North Natomas land acquisition program.
B. A regional park land acquisition fee is established and imposed pursuant to the provisions of this chapter to finance the acquisition of regional park land within the North Natomas finance plan area as set forth in the North Natomas land acquisition program.
C. The city council, by resolution, shall establish the specific initial amounts of the public facilities land acquisition fee and the regional park acquisition fee and subsequent amounts of the fees pursuant to Section 18.24.400 relating to the annual review of such fees. The amount of the fees shall be consistent with the North Natomas land acquisition program. The public facilities land acquisition fee shall take into consideration actual costs of the acquisition of public land as set forth in the North Natomas land acquisition program. The amount of the regional park land acquisition fee shall be based upon the actual or estimated regional park land acquisition costs. If the regional park land acquisition cost is not known at the time the amount of the regional park land acquisition fee is established, the city council shall use a reasonable estimate of such cost, plus a reasonable contingency component, to set the fee and adopt procedures for the refund of any excess fees paid to the extent that the actual acquisition cost is less than the estimate and for the payment of additional fees to the extent that the actual acquisition cost exceeds the estimate. (Ord. 2000-017 § 2(b)(iii); Ord. 99-043 § 2(h); prior code § 84.03.303)