DEPARTMENT MAKING REQUEST
Budget & Admin Services
Title
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Extend Refund Date for Library Impact Fees
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REQUESTED MOTION/ACTION
recommendation
Recommended Action:
Approve Resolution extending the refund date for Library Impact Fees expiring September 30, 2024 and September 30, 2025, each by three years.
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budget
Budgeted Action:
No action needed. Library impact fees are budgeted in the Impact Fee Fund.
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BACKGROUND (Why is this Action Necessary, and What Action will be accomplished)
body
Background:
Section 3-3.5-8 of the Charlotte County Code requires the Board to refund impact fees if not used within six years. Section 3-3.5-8 also allows the Board, on a one-time basis by Resolution, to extend the date by which impact fees must be refunded for up to three years.
This Resolution authorizes a one-time, three-year extension of the six-year refund period in which to use Library Impact Fees totaling $55,537.73 expiring in 2024, and Library Impact Fees totaling $112,314.70 expiring in 2025. Section 3-3.5-9 of the Code allows for the impact fees to be used for a board approved capital improvement project against any proportionate and allowable project cost up to the collection amount.
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