09 - Laserfiche WebLink

Pleasanton Development Impact Fee Nexus Study Draft Report 07/12/18 or improvement"in-kind" rather than through payment of the fee. The fee credits generally equal the most current cost estimate of the infrastructure item (as defined by annual cost review or other recent evaluation of cost) regardless of the actual cost to construct. Fee credits or deductions are also often granted in the event that a particular project represents a change in or minor expansion to an existing use rather than an entirely new project. Under such circumstances, the standard practice is to only charge developers the incremental impact (e.g., an amount proportional to the difference between the number of trips generated by the previous use and the new use). Finally, some jurisdictions elect not to impose fees on certain categories of development or for particular projects. For example, the jurisdiction may elect to exempt developers from paying fees on any affordable housing units they build. Likewise, jurisdictions can enter into a Development Agreement that specifically exempts all or a portion of the jurisdiction's fees, usually in consideration for other project-related benefits. For example, the City may also consider fee credits to the Northern Pleasanton Improvement District (NPID) on a case by case basis3. Internal Loaning of Funds Inter-fund loans may be used from time to time to facilitate the construction of DIF facilities. Any such loan shall be made in accordance with applicable law, as interpreted by the City Attorney of the City of Pleasanton, and all funds shall be placed in separate accounts on either a facility or geographic basis. The additional following requirements are also placed on inter-fund loans. 1. Funds may be transferred between accounts to expedite the construction of critical projects /facilities. 2. A mechanism to repay accounts shall be established. 3. Inter-fund loan repayments shall take precedence over reimbursements to developers. Five-Year Update Fees will be collected from new development within the City immediately; however, use of these funds may need to wait until a sufficient fund balance can be accrued. Per Government Code Section 66006, the City is required to deposit, invest, account for, and expend the fees in a prescribed manner. The fifth fiscal year following the first deposit into the Fee account or fund, and every five years thereafter, the City is required to make all of the following findings with respect to that portion of the account or fund remaining unexpended: • Identify the purpose for which the fee is to be put; • Demonstrate a reasonable relationship between the fee and the purpose for which it is charged; • Identify all sources and amounts of funding anticipated to complete financing in incomplete improvements; and 3 NPID was established in 1998 and is not directly considered in this nexus analysis. Economic&Planning Systems, Inc. 28 P.\151000s\151111PleasantonFee\Report\151111_FeeNexus_071218.docr