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Report regarding a resolution approving the Annual Impact Fee and Sewer Capacity Charge Report for Fiscal Year 2023-24. (Karen Chang, Director of Finance)
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RECOMMENDATION
Recommendation
It is recommended that the City Council adopt a resolution approving the Annual Impact Fee and Sewer Capacity Charge Report for Fiscal Year 2023-24 and making findings regarding the continuing need for unexpended balances of impact fees as of June 30, 2024 as required by the Mitigation Fee Act.
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BACKGROUND/DISCUSSION
Under state law (Government Code Section 66000 et seq.), the City is authorized to collect fees from new development to fund necessary improvements to public facilities to mitigate the impacts of that new development. In Fiscal Year (FY) 2023-24, the City administered 12 distinct impact fees along with one (1) sewer capacity charge. These programs support new development's share of certain capital infrastructure projects. The impact fees charged are based upon a pro-rata share of estimated costs for necessary public improvements. The sewer capacity charge is a cost recovery charge based on the proportional benefit to the person or property being charged. It is associated with providing collection and treatment capacity through the existing infrastructure available and future capital projects.
Government Code Section 66000 et seq. requires the City to review the status of collected impact fees and sewer capacity charges annually. The impact fee and sewer capacity charge report for fiscal year ending June 30, 2024 ("AB 1600 Report") is provided as Exhibit A to the resolution associated with this staff report. The table below is a summary of each fund's ending balances as of June 30, 2024:
Fees and Charges
Area
Ending Balance
Bicycle and Pedestrian Impact Fee (1)
Citywide
$253,176
Childcare Impact Fee
Citywide
15,156,949
Commercial Linkage Impact Fee (Affordable Housing)
Citywide
14,362,362
Library Impact Fee
Citywide
43,938
Park Construct...
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