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pertaining to parks facilities. <br />E. Parks impact fees may also be used to recoup public improvement costs incurred <br />by the City to the extent that growth and development will be served by the previously <br />constructed improvement. <br />F. In the event bonds or similar debt instruments are or have been issued for parks <br />facility improvements, impact fees may be used to pay the principal on such bonds. <br />Section 9. TMC Section 16.28.060 is hereby reenacted to read as follows: <br />16.28.060 Parks Impact Fee Capital Facilities Plan <br />In order to collect parks impact fees, the City must first adopt a parks capital facilities plan <br />as an element of the City's Comprehensive Plan. The City's Capital Facilities Plan for <br />parks services shall consist of the following elements: <br />1. The City's capacity over the next six years, based on an inventory of the <br />City's parks facilities both existing and under construction; <br />2. The forecast of future needs for parks facilities based upon the City's <br />population projections; <br />3. A six-year financial plan component, updated as necessary, to maintain at <br />least a six-year forecast for financing needed within projected funding levels; <br />4. Application of the formula set forth in this ordinance based upon the <br />information in the capital facilities plan; and <br />5. City Council Action. No new or revised impact fee shall be effective until <br />adopted by the City Council following a duly advertised public hearing to consider the <br />City's Capital Facilities Plan or plan update, except for fees adjusted through the annual <br />update process outlined in TMC Section 16.28.080. <br />Section 10. TMC Section 16.28.070 is hereby reenacted, thereby eliminating Figure <br />16-3, "2008 Tukwila Parks Impact Fees Calculation," and Figure 16-4, "Tukwila Parks <br />Capital Facilities List," and shall read as follows: <br />16.28.070 Parks Impact Fee Formula <br />A. The impact fee formula is based on the assumptions found in Figure 16 3, 2008 <br />List,"Tukwila Fire and Parks Impact Fees Rate Study, 2017," Exhibit A attached to the <br />ordinance and by this reference fully incorporated herein. A fee schedule is codified as <br />Figure 16-1, Fee Schedule, attached hereto as Exhibit B. <br />B. Each development shall mitigate its impacts on the City's parks facilities by <br />payment of a fee that is based on the type of land use and square footage of the <br />development, and proportionate to the cost of the parks facility improvements necessary <br />to serve the needs of growth. For residential development, fee amount is based on <br />number of units; for commercial development, fee amount is based on square footage of <br />the development. <br />W: Word Processing\Ordinances\Parks Impact Fees -TMC 16.28 re-enacted strike-thru 11-6-17 <br />PM:bjs <br />Page 5 of 12 <br />23 <br />