RES 14724 - Laserfiche WebLink

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, 2014 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: 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%)