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<br />NOW, THEREFORE, BE IT ENACTED BY THE CITY COMMISSION OF THE CITY OF <br />CASSELBERRY, FLORIDA, AS FOLOWS: <br /> <br />SECTION 1. Subsection J of Section 4-19.2, Impact fee for parks and recreation, Article <br />XIX, Subdivision, of Chapter IV, Specific Development Procedures, is hereby amended as follows: <br /> <br />J. All residential development shall provide an equitable fee for public park purposes pursuant to <br />the standards stated below and shall comply with concurrency management provisions of <br />Article IX. The standards provided herein are stipulated to implement policies within the parks <br />and recreation element. The standards shall apply to all residential applications. No property <br />shall be assessed twice for respective applications unless an increase in density results on a <br />respective parcel(s) of land. <br /> <br />1. Requirements. As a condition of building, the applicant shall pay an impact fee equal to <br />$aQQ.Qg $850.00 per dwelling unit to the City of Casselberry, for park and recreational <br />purposes. To ensure the imoact fee assessment is maintained in accordance with th~ <br />cost of construction and oroDertv acoui~ition. beoinnino Januarv 2007. an annual inflation <br />rate factor of 3% Der vear shall be aDDlied to the base value of $850 to determine the new <br />vearlv value for each subseouent vear. <br /> <br />2. Use of money. The money collected shall be paid to the City of Casselberry and placed in <br />a reserve account within a special fund. Monies within the reserve account shall be used <br />and expended for the acquisition, improvement, expansion or implementation of parks and <br />recreational facilities of the City reasonably related to serving said residential applicants <br />and as approved by the City Commission. <br /> <br />SECTION 2 - SEVERABILITY. If any Section or portion of a Section of this Ordinance proves <br />to be invalid, unlawful, or unconstitutional, it shall not be held to invalidate or impair the validity, force, <br />or effect of any other Section or part of this Ordinance. <br /> <br />SECTION 3 - CODIFICATION. It is the intention of the City Commission of the City of <br />Casselberry, Florida, and it is hereby ordained that the provisions of this Ordinance shall becorne and <br />be made a part of the Code of Ordinance of the City of Casselberry, Florida; that the Sections of this <br /> <br />Ordinance 06-1173 <br />Page 3 of 4 <br />