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NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF <br /> PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: <br /> Section 1: <br /> A. There are development impact fees remaining unexpended but these fees are <br /> committed to constructing improvements identified in subsection D below that will <br /> implement goals and objectives of the City's General Plan; <br /> B. The City's objective to mitigate the impacts caused by the development of residential, <br /> commercial, and industrial land will be assisted by the purchase of the equipment or <br /> construction of the improvements; <br /> C. There is a reasonable relationship between the purpose of each of the developer fees <br /> and the purpose for which it is charged and committed as stated below in subsection D. <br /> D. The amount of the development impact fees collected, the cash balance (including <br /> interest earnings) as of June 30, 2011 for each fee held for five years or more, the <br /> purpose the fee is committed, additional sources of funding and the expected date that <br /> funding will be available are as follows: <br /> Miscellaneous Capital Improvement Fund (Fund 154) <br /> Amount collected in previous fiscal years subject to 5 year limitation: $670,310 <br /> Funds are committed to the following projects: <br /> • Downtown Parking Improvements— project#018044 <br /> Description: Purchase of Alameda County Transportation Corridor (annual payment). <br /> Approximate project completion date: August, 2015 (final payment) <br /> Project cost: $7,500,000 (excludes interest) <br /> % funded by development impact fees: 8.4% <br /> Source of funding: Public Facilities Fees, General Fund CIP Reserves (22.0%), NPID <br /> Reserve Funds (50.1%), Downtown Parking-In-Lieu Fees (19.5%) <br /> • East County Animal Shelter Lease/Debt Payments — project#948051 <br /> Description: Pleasanton's share of the annual animal shelter lease/debt payments. <br /> Approximate project completion date: 2021/22 <br /> Project cost: $80,000 approximate cost per year <br /> % funded by development impact fees: Ranges from 20% to 50% each year <br /> Source of funding: Public Facilities Fees, General Fund CIP Reserves (ranges from <br /> 50% to 80% each year) <br /> • Fire Station No. 4 — Repairs to Upper Parapet Walls — project#118029 <br /> Description: Removal and replacement of the upper section of the exterior walls of <br /> the fire station. <br /> Approximate project completion date: 2013 <br /> Project cost: $200,000 <br /> % funded by development impact fees: 84.0% <br /> Source of funding: Public Facilities Fees, Misc. General Fund CIP Funds (16.0%), <br />