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sources outside of the City, the actual amount of revenue received is subject to change and outside the <br />control of the City. <br /> <br />Local Development Related Fees <br /> <br />This category of revenue consists of fees collected by the City to offset the impact of new development. <br />The four major sources and expected revenue from these sources are as follows: <br /> <br /> CITY DEVELOPMENT-RELATED FEES <br /> <br /> FY 2003-04 FY 2004-05 FY 200~06 FY 2006-07 TOTAL <br />'PUBLIC FACILITY FEE $970.107 $938.70~ $508.375 $187,596 $2.604,782 <br />TRAFFIC DEVELOPMENT FEE $805,584 $874,1812 $385,561 $574,366 $2,639.691 <br />WATER CONNECTION FEE $285,272 $294,795 $166,395 $30,011 $776,473 <br />SEWER CONNECTION FEE $152.623 $128,428 $72.941 $49.375 $403,37d <br />PARK DEDICATION FEES $2,962.616 $1.310.445 $789.00( $50,000 $5,112,061 <br />TOTAL $5.925,618 $4,072.372 $2.936,718 $1~716.982 $14.651,690 <br /> <br />In projecting development related fees, staff has taken a conservative approach so that the CIP includes <br />revenue only from projects that have been approved by the City Council and have received Growth <br />Management approval. In addition, fee estimates for years beginning in 2003-04. are presented as being <br />available until 2004-05. As a result, if the projected development does not occur, staff will make the <br />necessary adjustments as part of the Mid-Ierm CIP without affecting current year funding. <br /> <br />The number of residential units and commercial square footage included as revenue generating projects <br />is as follows: <br /> <br />RESIDENTIAL DEVELOPMENTS AND COMMERCIAL SQUARE FOOTAGE <br /> USED FOR REVENUE PROJECTIONS <br /> <br /> RESIDENTIAL COMMERCIAL <br />Year ~ Number of Units Year* Square Footage <br />2002-03 206 2002-03 723,108 <br />2003-04 378** 2003-04 213.119 <br />2004-05 220 2004-05 263.171 <br />2005-06 102 2005-06 186.250 <br />2006-07 0 2006-07 448,860 <br /> <br />* Projects in the indicated year provide revenue in the preceding year. As an example, the revenue <br /> collected from the 378 units in 2003-04 will be available for projects funded in 2004-05. <br />** Includes projects and 75 units approved on Vineyard Corridor and the developer's timing <br /> estimates. It is unclear how soon these units will actually be built. <br /> <br />xii <br /> <br /> <br />