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CITY COUNCIL OF THE CITY OF PLEASANTON <br />ALAMEDA COUNTY, CALIFORNIA <br />RESOLUTION NO. 02-051 <br /> <br />A RESOLUTION FINDING THAT CERTAIN FUNDS <br />COLLECTED FROM DEVELOPERS ARE UNEXPENDED <br />AFTER FIVE YEARS BUT THAT THE FUNDS ARE <br />COMMITTED TO PARTICULAR PROJECTS <br /> <br />WHEREAS, <br /> <br />Government Code §66001(d), effective January 1, 1989, requires the City (a) to <br />make findings once each fiscal year with respect to any portion of a fee remaining <br />unexpended in its account five or more years after deposit of the fee, (b) to identify <br />the purpose to which the fee is to be put and to demonstrate a reasonable <br />relationship between the fee and the purpose for which it is charged, (c) to identify <br />all sources and amounts of funding anticipated to complete financing and (d) to <br />designate the approximate date the expected funding will be deposited; and <br /> <br />WHEREAS, staff has reviewed the development fees collected between July 1, 1995 and <br /> June 30, 1996 to determine if any such development fees remain unexpended; and <br /> <br />WHEREAS, staff has found that there are seven development impact fees collected from <br /> developers for this period that remain unexpended; and <br /> <br />WHEREAS, <br /> <br />the City is committed to purchase the equipment for which three of these fees have <br />been collected and to construct capital improvements for which four of these fees <br />have been collected; and <br /> <br />WHEREAS, staff has found that the Lower Income Housing In Lieu fees collected between <br /> July 1, 1995 and June 30, 1996 remain unexpended; and <br /> <br />WHEREAS, the City is committed to constructing the assisted living facility on Sunol <br /> Boulevard with these fees; <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES <br />AS FOLLOWS: <br /> <br /> <br />