2016-05-24_PWETC_AgendaPacket - Laserfiche WebLink

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Attachment A TREE REPLACEMENT & REPLACEMENT FUND POLICY As a component of the recently adopted Tree Preservation and Restoration in all Districts ordinance, the City is responsible for collecting funds for tree replacement when a site is no longer capable of accommodating additional trees. The fee collected is $500 per tree or up to a maximum of lo% of the fair market value of the property. As the funds are collected a separate account will be created in order to manage the funds. The following are the policy points discussed by the City Council on May 9, 2o16 concerning the tree replacement fund. • The City Council shall establish a policy whereby tree replacement funds for a given project are identified for installation within a two year timeframe. • The City Council shall establish a policy that creates a hierarchy of tree replacement fund installation locations, including: • Retention of tree fund expenditures within the general area of the subject development/redevelopment site or one quarter mile. • Consideration given to seeking requests from adjacent properties and/or the surrounding neighborhood to determine interest in the provision of a tree(s) for private property owner planting. • Expenditure of tree replacement funds on tree restoration associated with a public improvement project in the general area or one quarter mile from the subject project site. • Determination of tree replacement funds on public lands within the general area or one quarter mile from the subject project site. • The City Council shall review and approval all expenditure of tree replacement fund dollars.