RES 11489 - Laserfiche WebLink

RESOLUTION NO. 11-489 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON, FINDING THAT CERTAIN DEVELOPMENT IMPACT FEES SUBJECT TO AB1600 and SB1693 ARE UNEXPENDED AFTER FIVE YEARS AND THE FUNDS ARE COMMITTED TO PARTICULAR PROJECTS WHEREAS, Government Code Section 66001(d), effective January 1, 1989, requires the City (a) to make findings once each fiscal year with respect to any portion of a fee remaining unexpended in its account five or more years after deposit of the fee, (b) to identify the purpose to which the fee is to be put and to demonstrate a reasonable relationship between the fee and the purpose for which it is charged, (c) to identify all sources and amounts of funding anticipated to complete financing and (d) to designate the approximate date the expected funding will be deposited; and WHEREAS, pursuant to Government Code Section 66006 (b)(2), the information was made available to the public on November 21, 2011; and a duly noticed public meeting was held on December 6, 2011; and WHEREAS, staff has reviewed the development impact fees collected through June 30, 2006 to determine if any such development fees still remain unexpended; and WHEREAS, staff has found that development impact fees collected for this period remain unexpended and the City is committed to use these unexpended amounts for construction of capital improvements as follows: Fees Collected Between July 1, 2006 and June 30, 2011 Public Facilities Fees $ 670,310 Park Dedication In-Lieu Fees 2,185,270 Lower Income Housing Fees 7,296,298 Total Fees Subject to AB1600 $ 10,151,878 NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: Section 1: A. There are development impact fees remaining unexpended but these fees are committed to constructing improvements identified in subsection D below 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, 2011 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: