Title
Resolution authorizing the transfer of $13,787,957 from the Sewer Capacity Charge Fund (730) to the Sewer Fund (710) and approving Budget Amendment Number 25.057
body
WHEREAS, the City of South San Francisco adopted the 2017 Development Mitigation Fee Study prepared by Michael Baker International, which established the sewer capacity charge structure based on a cost allocation methodology; and
WHEREAS, the study identified that 66% of the total sewer impact fees represent a buy-in cost to reimburse the City for existing infrastructure capacity that had been created to be used by new development that would be subject to the sewer capacity charge; and
WHEREAS, since Fiscal Year 2017-18, the City has collected $20,890,845 in sewer capacity charges, with $13,787,957 representing the 66% buy-in share due to the Sewer Enterprise Fund (Fund 710); and
WHEREAS, the Sewer Enterprise Fund has historically funded sewer infrastructure that benefits both existing users and new development; and
WHEREAS, the City desires to reimburse the Sewer Enterprise Fund from the Sewer Capacity Charge Fund (Fund 730) to ensure proper allocation of collected fees in compliance with applicable laws and the City's adopted fee study; and
WHEREAS, it is the intent of the City to ensure proper cost allocation between existing ratepayers and new development, and to use development impact fees in accordance with state law and adopted nexus studies.
NOW, THEREFORE, BE IT RESOLVED, that the City Council authorizes the transfer of $13,787,957 from the Sewer Capacity Charge Fund (Fund 730) to the Sewer Enterprise Fund (Fund 710), representing the 66% buy-in share of sewer capacity charges collected since Fiscal Year 2017-18.
BE IT FURTHER RESOLVED that the City Council approves Budget Amendment Number 25.057 to amend the FY 2024-25 budget and reflect the appropriate adjustments in fund balances in connection with this transfer.
BE IT FURTHER RESOLVED, that the City Manager, or their des...
Click here for full text