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WHEREAS, the City is committed to redevelop Kottinger Place, increase affordability at the Gardens by Ironwood and to continue to implement affordable housing programs and various other housing projects with these fees; NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: Section 1: The City Council finds as follows: A. There are nine development impact fees and all FY 2003 -04 Lower Income Housing Fees remaining unexpended but these fees are committed to constructing improvements identified in subsection D that will implement goals and objectives of the City's General Plan; B. The City's objective to mitigate the impacts caused by the development of residential, commercial, and industrial land will be assisted by the purchase of the equipment or construction of the improvements; C. There is a reasonable relationship between the purpose of each of the developer fees and the purpose for which it is charged and committed as stated below in subsection D. D. The amount of the development impact fees collected, the cash balance (including interest earnings) as of June 30, 2009 for each fee held for five years or more, the purpose the fee is committed, additional sources of funding and the expected date that funding will be available are as follows: (i) Fund 497B $12,150; Providence; 6/22/99, June 30, 2009 Cash Balance $18,568 Project Water Main Extension: Rose to Valley Funds to be held pending approval of the last subdivision at the westerly end of Rose Avenue. (ii) Fund 470 $9,000; Signature Properties; 8/3/93 June 30, 2009 Cash Balance $18,042 Project Replace Manholes Ruby Hill The City intends to use these funds in the next five years for repairs /replacement of sewer infrastructure (including manholes) within the Ruby Hill development (iii) Fund 498A $12,150; Providence; 6/22/99 June 30, 2009 Cash Balance $17,946 Project Sewer Main Extension: Rose to Valley Funds to be held pending approval of the last subdivision at the westerly end of Rose Avenue. (iv) Fund 471 $305,000; Pacwest; 12/17/93 June 30, 2009 Cash Balance $156,341 Project Dublin Canyon Road Interim Improvements Project is currently on hold pending additional funding and obtaining environmental permits. (v) Fund 908 $2,777,712; Standard Pacific; 12/2/98, 12/21/98, 12/22,98, 9/29/99 June 30, 2009 Cash Balance $53,137 Project Stoneridge Drive Specific Plan Fees These funds have been expended in FY2009 -10. (vi) Fund 936 $46,272; New Cities; 8/28/03 June 30, 2009 Cash Balance $56,079