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Unexpended Funds After Five Years Government Code section 66001(d) provides five years after collecting a development fee subject to AB1600 and SB1693, a local agency shall make findings that year and every five years thereafter, with respect to any portion of the fee remaining unexpended. The findings must identify the purpose for which the fee is to be used and demonstrate a nexus between the fee and the purpose for which it was originally charged. The findings must also identify all sources and amounts of funding for completion of the improvement and the approximate date that the improvement will be fully funded. After five years, a local agency is also required to refund the unexpended portion of the fee, and any accrued interest, for which a need cannot be demonstrated. However, when a city makes appropriate findings (including that the purpose for the developer impact fee remains), the city may retain the fee. Staff reviewed development impact fees collected five or more years ago and has determined that all funds held for more than five years are necessary to complete identified projects as shown below by fund. Public Facilities Fund (Fund 1541 Amount collected in previous fiscal years subject to 5 year limitation: $1,337,168 Funds are committed to the following projects: • City Hall Office Bldg. & Civic Center Site Improvement Reserve - project#988029 Description: Improvements to the City Civic Center including the Pleasanton Library. Approximate project completion date: 2020 Project cost: $5,000,000 to $100,000,000 % funded by development impact fees: 20% Source of funding: Public Facilities Fees (20%), other sources to be determined (80%) • Fire Station No. 4—Repairs to Upper Parapet Walls — project#118029 Description: Removal and replacement of the upper section of the exterior walls of the fire station. Approximate project completion date: 2015 Project cost: $200,000 % funded by development impact fees: 20.2% Source of funding: Public Facilities Fees (20.2%), Misc. General Fund CIP Funds (79.8%) • Bi-Annual Soundwall Repair& Replacement—project#138016 Description: Repair and replacement of existing City owned soundwalls to restore damaged or failing soundwalls Approximate project completion date: 2015 Project cost: $100,000 % funded by development impact fees: 25.0% Source of funding: Public Facilities Fees (25.0%), Misc. General Fund CIP Funds (75.0%) • City Parking Lot Maintenance and Rehabilitation— project#138034 Page 4 of 7