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Pleasanton Development Impact Fee Nexus Study Draft Report 07/12/18 • Designate the approximate dates on that the funding referred to in the above paragraph is expected to be deposited in the appropriate account or fund. Once sufficient funds have been collected to complete the specified projects, the City should commence the construction process within 180 days. If they fail to do this, the City is required to refund the unexpended portion of the fee and any accrued interest to the then current owner. Securing Supplemental Funding The Impact Fee is not appropriate for funding the full amount of all capital costs identified in this Fee Study. The City will have to identify funding and pay for improvements related to existing and new developments and improvements not funded by the Fee Program or any other established funding source. Indeed, as part of the adoption of the fee, the City is likely to adopt a finding that it will obtain and allocate funding from various other sources for the fair share of the costs of improvements identified in this Report that are not funded by the Fee Program. Examples of such sources include the following: • General Fund Revenues. In any given year, the City could allocate a portion of its General Fund revenues for discretionary expenditures. Depending on the revenues generated relative to costs and City priorities, the City may allocate General Fund revenues to fund capital facilities costs not covered by the Fee Program or other funding sources. • Assessments and Special Taxes. The City could fund a portion of capital facilities costs using assessments and special taxes. For example, the establishment of a Mello-Roos Community Facilities District would allow the City to levy a special tax to pay debt service on bonds sold to fund construction of capital facilities or to directly fund capital facilities. • State or Federal Funds. The City might seek and obtain grant of matching funds from State and Federal sources to help offset the costs of required capital facilities and improvements. As part of its funding effort, the City should research and monitor these outside revenue sources and apply for funds as appropriate. • Other Grants and Contributions. A variety of grants or contributions from private donors could help fund a number of capital facilities. For example, private foundations and/or charity organizations may provide money for certain park and recreation or cultural facilities. Economic& Planning Systems, Inc. 29 P:\151000s\1511118/easantonFeelReport1151111_FeeNexus_071218.docx