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THE CITY OF <br /> CITY COUNCIL AGENDA REPORT <br /> PLEASANTON. <br /> December 19, 2017 <br /> Finance <br /> TITLE: ADOPT A RESOLUTION MAKING THE FINDING THAT CERTAIN <br /> DEVELOPMENT IMPACT FEES (AB 1600 AND SB 1693) COLLECTED <br /> ARE UNEXPENDED AFTER FIVE YEARS BUT ARE COMMITTED TO <br /> PARTICULAR PROJECTS <br /> SUMMARY <br /> As required by AB 1600 and SB 1693, this annual report has been prepared showing <br /> the status of development impact fees held as of June 30, 2017. The attached <br /> resolution finds that certain development impact fees have been held for five or more <br /> years and identifies the projects and the City's commitment thereto for the City's <br /> retention of the funds. This report also contains the annual information on Water and <br /> Sewer Connection fees as required by SB 1760. <br /> Staff published the required public hearing notice on December 4, 2017 in the Valley <br /> Times and made this report available to the public fifteen (15) days in advance of this <br /> meeting, as required by law. <br /> RECOMMENDATION <br /> Adopt a resolution finding that certain development impact fees subject to AB 1600 and <br /> SB 1693 are unexpended after five years and the funds are committed to particular <br /> projects. <br /> FINANCIAL STATEMENT <br /> AB 1600 requires the development impact fees held by the City that meet the criteria <br /> described in this report be refunded if the findings in the attached resolution are not <br /> adopted. <br />