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Unexpended Funds After Five Years Government Code section 66001(d) requires that five years after collecting a development fee subject to AB 1600 and SB 1693, 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 203) Amount collected in previous fiscal years subject to 5 year limitation: $716,586 Funds are committed to the following projects: o City Hall Office Bldg. & Civic Center Site Improvement Reserve - project#98429 Description: Improvements to the City Civic Center including the Pleasanton Library. Approximate project completion date: 2021 Project cost: $150 million to $200 million % funded by development impact fees: 20% Source of funding: Public Facilities Fees (20%), other sources to be determined (80%) • City Parking Lot Maintenance and Rehabilitation— project#13434 Description: Design and construct by contract the rehabilitation and preventative maintenance treatments to 23 City owned parking lots that comprise 800,000 square feet of pavement Approximate project completion date: 2018 Project cost: $200,000 % funded by development impact fees: 50.0% Source of funding: Public Facilities Fees (50.0%) of$141,659 expended, Misc. General Fund CIP Funds (50.0%) of$200,000 expended. • Library Roof Replacement— project#14408 Description: Replace the leaking and deteriorating tile roof installed on the Library in 1988 in order to prevent structural damage to other portion of the building Approximate project completion date: 2018 Project cost: $340,000 % funded by development impact fees: 70.6% Source of funding: Public Facilities Fees (70.6%), Misc. General Fund CIP Funds (29.4%) Page 4 of 7