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Report regarding a resolution approving the Annual Impact Fee and Sewer Capacity Charge Report for Fiscal Year 2017-18. (Christina Crosby, Interim Finance Director)
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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 2017-18 and make findings as required by the Mitigation Fee Act.
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BACKGROUND/DISCUSSION
State law (Government Code Section 66000 et seq.) authorizes the City to collect impact fees from new development to fund public facilities which are needed as a result of new development. In Fiscal Year (FY) 2017-18, the City administered eight impact fee programs and one sewer capacity charge; these fund new development's share of certain capital infrastructure projects. The impact fees are charged based upon a pro-rata share of the cost of the new improvements. The sewer capacity charge is a cost recovery charge based on proportional benefit to the person or property being charged, associated with providing collection and treatment capacity, both through the existing infrastructure provided, and through future capital projects.
Government Code Section 66000, et seq. requires the City to review the status of collected impact fees and sewer capacity charges on an annual basis. The report attached to the associated resolution provides information related to the status of the impact fee funds and the sewer capacity charges fund for the fiscal year ended June 30, 2018.
The summary of each fund's ending balances as of June 30, 2018 is as follows:
* Bicycle and Pedestrian Impact Fee: $926
* Childcare Impact Fee: $4,592,411
* Park Land Acquistion Fee: $54,664
* Park Construction Fee: -$207,330
* Public Safety Impact Fee: $758,317
* Oyster Point Interchange Impact Fee: $29,811
Note: The ending balance includes a loan of $8,309,152 from the former Redevelopment Agency, which is now the Successor Agency, for dollars a...
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