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HomeMy WebLinkAboutLL 04 of 2005 Fees in Lieu of Parkland.docADOPTED APRIL 11, 2005 TOWN OF ITHACA LOCAL LAW NO. 4 OF THE YEAR 2005 A LOCAL LAW AMENDING CHAPTER 153 OF THE CODE OF THE TOWN OF ITHACA RELATING TO FEES TO PROVIDE THE METHOD OF CALCULATING FEES TO BE PAYABLE BY A DEVELOPER IN LIEU OF MAKING A RECREATIONAL LAND RESERVATION Be it enacted by the Town Board of the Town of Ithaca as follows: Section 1. Chapter 153 of the Town of Ithaca Code is amended as follows: L S 153-13 and S 153-14 of said Chapter, entitled respectively "Amendments" and "Transition provisions" are renumbered respectively S 153-14 and 153-15. 11 A new section numbered S 153-13 entitled "Fees in lieu of recreational land reservation" is added reading as follows: S 153-13. Fees in lieu of recreational land reservation. 1. In the event the Planning Board requires that a sum of money is to be paid to the Town in lieu of a parkland or recreational land reservation in connection with a subdivision or site plan approval, the amount to be paid shall be the following amount (1) The assessed value as determined for real estate tax purposes of all of the land included in the project, as shown on the most recently available assessment roll for such lands on the date of final approval, multiplied by ten percent (10%) (or such lesser percentage as the Planning Board may determine if the demand for park lands created by the proposed project warrants such lesser percentage). (2) If the lands for the project have been acquired by the applicant during the period two years prior to final subdivision or site plan approval by a bona fide conveyance from an unrelated party for value, the price paid for such conveyance shall be substituted for assessed value for the purposes of making the calculation set forth in sub -paragraph (1) above. 2. The Planning Board may recommend to the Town Board a reduction in the amount of the above sums if the Planning Board finds that special circumstances exist causing the amounts above to substantially exceed the reasonable value of the land that would otherwise be Fees Code Chapter Amend -Fees in thew or parkland Local Law; w.p.8.0; Had; JCB Ithaca Local Laws, September 15, 201612: 47PM reserved in the particular project under consideration. If the Town Board concurs with such recommendation, the Town Board may reduce the payment to an amount which more accurately reflects the value of land for which payment is being made. 3. The sum set forth above shall be payable upon the earliest of the following: (1) Thirtv (30) dans after granting final site plan or subdivision approval; or (2) The signing of a plan or plat by the Planning Board Chairperson evidencing approval of same; or (3) The filing of an application for a building permit for construction of one or more structures in the project; or (4) The sale, lease or other disposition of an individual lot by the developer. 4. No sums shall be payable in connection with lot line modifications or lot reconfiguration where no new lots or dwelling units are created. Section 2. If any provision of this law is found invalid by any court of competent jurisdiction, such invalidity shall not affect anv other provisions of this local law which shall remain in full force and effect. Section 3. This local law shall take effect upon the later of its posting and publication or its filing with the New York Secretary of State. 2