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HomeMy WebLinkAboutReso 31-25 Approving Extending the Time Period for the Various Economic Development Pr Reso. No. 31-25, Item 5.9, Adopted 05/20/2025 Page 1 of 2 RESOLUTION NO. 31 – 25 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN APPROVING EXTENDING THE TIME PERIOD FOR THE SALES TAX REIMBURSEMENT PROGRAM, THE TRAFFIC IMPACT FEE (TIF) DEFERRAL PROGRAM, THE TRANSIT DISTRICT MULTI-FAMILY RESIDENTIAL DEVELOPMENT FEE DEFERRAL PROGRAM, AND THE SEWER CAPACITY ASSISTANCE PROGRAM WHEREAS, on January 6, 2009, the City Council adopted Resolution No. 9-09 approving the Sales Tax Reimbursement Program, amended it on December 16, 2014 by Resolution No. 217-14 to extend it through January 6, 2020, and most recently amended it on December 17, 2019 by Resolution No. 133-19 to extend it through June 30, 2025; and WHEREAS, on September 1, 2009 the City Council adopted Resolution No. 1270-09 approving the Traffic Impact Fee (TIF) Deferral Program and amended it on January 20, 2015 by Resolution No. 8-15 to extend it through Fiscal Year 2019-2020, and most recently amended it on December 17, 2019 by Resolution No. 133-19 to extend it through June 30, 2025; and WHEREAS, on December 20, 2011 the City Council adopted Resolution No. 215-11 approving the Transit District Multi-Family Residential Development Fee Deferral Program and amended it on January 20, 2015 by Resolution No. 07-15 to extend it through Fiscal Year 2019-2020, and most recently amended it on December 17, 2019 by Resolution No. 133-19 to extend it through June 30, 2025; and WHEREAS, on May 4, 2010 the City Council adopted Resolution No. 135-12 approving the creation of the Sewer Capacity Assistance Program in partnership with Dublin San Ramon Services District (DSRSD) and amended it on April 16, 2019 by Resolution No. 34-19; and WHEREAS, at the request of the City Council, on October 18, 2016 Dublin San Ramon Services District adopted Resolution No. 67-16 to extend the Sewer Capacity Assistance Program to December 31, 2020 and most recently amended it on December 17, 2019 by Resolution No. 133-19 to extend it through June 30, 2025; and WHEREAS, these four economic development business incentive programs are valuable economic development tools to attract and retain businesses in Dublin, as well as to improve commercial properties in Dublin; and WHEREAS, these four economic development business incentive programs are set to expire on June 30, 2025. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does hereby amend Sales Tax Reimbursement Program to run through June 30, 2030. BE IT FURTHER RESOLVED that the City Council of the City of Dublin does hereby amend the Traffic Impact Fee (TIF) Deferral Program to run through June 30, 2030 and changes the TIF fee payment date to June 30, 2032 (two years following the completion of the program). Docusign Envelope ID: 24F145CD-5531-498D-ABE6-4F139A5B424E Reso. No. 31-25, Item 5.9, Adopted 05/20/2025 Page 2 of 2 BE IT FURTHER RESOLVED that the City Council of the City of Dublin does hereby amend the Transit District Multi-Family Residential Development Fee deferral Program to run through June 30, 2030. BE IT FURTHER RESOLVED that the City Council of the City of Dublin does hereby amend the Sewer Capacity Assistance Program to run through June 30, 2030. PASSED, APPROVED AND ADOPTED this 20th day of May 2025, by the following vote: AYES: Councilmembers Josey, McCorriston, Morada, Qaadri and Mayor Hu NOES: ABSENT: ABSTAIN: ______________________________ Mayor ATTEST: _________________________________ City Clerk Docusign Envelope ID: 24F145CD-5531-498D-ABE6-4F139A5B424E