HomeMy WebLinkAboutResolutions - No. 2023-56RESOLUTION NO. 2023-56
A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING THE
CITY MANAGER TO EXECUTE A FEE PAYMENT AGREEMENT FOR
2459 MAGGIO CIRCLE (LIBERTY SELF STORAGE)
WHEREAS, Liberty Self Storage, L.P. (Owner) has submitted building permit
applications (No. B2021-3232 and No. B2021-3233) to construct two storage buildings on the
property known as 2459 Maggio Circle; and
WHEREAS, payment of Development Impact Mitigation (DIM) Fees ($233,195.46) is
required as part of the building permit conditions; and
WHEREAS, on December 15, 2022, the Owner requested to enter into a Fee Payment
Agreement with the City to allow payment of the DIM fees in fourteen (14) equal semi-annual
installments ($18,637.68) plus interest over a seven-year period and interest would be charged
at the current Local Agency Investment Fund (LAIF) rate plus one percent (3.07%); and
WHEREAS, staff recommends authorizing the City Manager to execute a Fee Payment
Agreement for 2459 Maggio Circle (Liberty Self Storage).
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby
authorize the City Manager to execute a Fee Payment Agreement for 2459 Maggio Circle
(Liberty Self Storage); and
BE IT FURTHER RESOLVED, pursuant to Section 6.3q of the City Council Protocol
Manual (adopted 11/6/19, Resolution No. 2019-223), the City Attorney is hereby authorized to
make minor revisions to the above -referenced document(s) that do not alter the compensation
or term, and to make clerical corrections as necessary.
Dated: March 15, 2023
I hereby certify that Resolution No. 2023-56 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held March 15, 2023 by the following votes:
AYES: COUNCIL MEMBERS — Bregman, Craig, Nakanishi, and Mayor Hothi
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — None
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PAMELA M. FARRIS
Assistant City Clerk
2023-56