(a)
A park facilities development impact fee ("park impact fee") is established to pay for public park and recreation facilities.
(b)
Pursuant to Government Code Section 66001, the City Council shall, in a City Council Resolution adopted after a duly noticed public hearing, set forth the amount of the park impact fee, describe the benefit and impact area on which the park impact fee is imposed, identify the City-owned public facilities to be financed, describe the estimated cost of these facilities, describe the reasonable relationship between the use of the park impact fee and the need for the public facilities and the types of future development projects on which the park impact fee is imposed, and set forth time for payment.