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RESOLUTION NO. 23-1437 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON, FINDING THAT CERTAIN DEVELOPMENT IMPACT FEES SUBJECT TO AB 1600 AND SB 1693 ARE UNEXPENDED AFTER FIVE YEARS AND THE FUNDS ARE COMMITTED TO PARTICULAR PROJECTS WHEREAS, Government Code Section 66001(d), effective January 1, 1989, requires the City (a) to make findings once each fiscal year with respect to any portion of a fee remaining unexpended in its account five or more years after deposit of the fee, (b) to identify the purpose to which the fee is to be put and to demonstrate a reasonable relationship between the fee and the purpose for which it is charged, (c) to identify all sources and amounts of funding anticipated to complete financing and (d) to designate the approximate date the expected funding will be deposited; and WHEREAS, pursuant to Government Code Section 66006 (b)(2), the information was made available to the public on November 20, 2023; and a public meeting was held on December 5, 2023-land WHEREAS, staff has reviewed the development impact fees collected from June 30, 2018, to determine if any such development fees still remain unexpended; and WHEREAS, staff has found that development impact fees collected for this period remain unexpended and the City is committed to use these unexpended amounts for construction of capital improvements as follows: Unexpended Amounts by Fund: Park Development Fund $ 5,277,659 Traffic Impact Fee 4,822,540 Tri-Valley Transportation Development Fee 1,621,640 Downtown Parking-In-Lieu 658,873 Total Fees Subject to AB 1600 $ 12,380,172 NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: SECTION 1. That there are development impact fees remaining unexpended but these fees are committed to constructing improvements identified in Section 4 below that will implement goals and objectives of the City's General Plan. SECTION 2. That 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. SECTION 3. That 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 Section 4.