ITEM 15 ATTACHMENT 2 CIP - Laserfiche WebLink

Local Development Fees This category of revenue consists of fees collected by the City to offset the impact of new development. The major sources and expected revenue from these sources are as follows: Capital Facilities Fees Traffic Impact Fees Total LOCAL DEVELOPMENT RELATED FEES $500,000 $500,000 $1,000,000 315,000 315,000 $500,000 $815,000 $1,315,000 Development fee revenue included in this CIP reflects those new residential and commercial projects that are in the process of receiving final City Council approvals, including approved planned unit de- velopments. Revenues from development projects that are currently under initial review or those that are in the early planning stages are not included in the CIP. Notwithstanding this, since the City does not control the timeline for these developments, the development fee projections are staff's best estimate of anticipated development activity for the next five years, and even approved projects may be affect- ed by the economy and the health of the housing and construction industry that is generally outside the City's purview. Effective January 1, 2025, Senate Bill 937 defers the collection of development impact fees, moving the collection from the issuance of building permits to the final inspection or the certificate of occupancy, whichever occurs first. This change will delay the anticipated revenue from development impact fees, including traffic impact fees, making new development impact fees available for this cycle in the outer years of the capital program. Revenue projections for City development contributions, sewer connection fees, water connections fees and Tri -Valley Transportation Fee are impacted by the change in collec- tion date; these amounts are minimal if any are anticipated at this time. Staff will be monitoring devel- opment -related fees and will update the projections as part of the Mid -Term Budget Review if needed. Transfers from the General Fund The CIP includes a proposed General Fund contribution of approximately $45.8 million over the five-year period from FY 2025/26 to FY 2029/30, including approximately $30.3 million for deferred maintenance and $15.5 million for CIP projects. The proposed allocation to address deferred maintenance that is identified in the Asset Management Plan by fiscal year includes approximately $6.2 million in FY 2025/26, $6.1 million in FY 2026/27,$6.1 million in FY 2027/28,$6.0 million in FY 2028/29 and $5.9 million in FY 2029/30. The proposed General Fund contribution of $15.5 million to CIP projects by fiscal year includes approximately $1.0 million in FY 2025/26,$3.2 million in FY 2026/27,$3.5 million in FY 2027/28,$3.8 million in FY 2028/29 and $4.0 million in FY 2029/30. The contribution in FY 2025/26 is only $1.0 million due to the diversion of $2.0 million to the Repair and Replacement (R&R) Program to extend the service life of the Dolores Bengtson Aquatic Center, continue to operate Fire Station #2, and replace high -use segments of the Bernal Synthetic Fields. GENERAL FUND CONTRIBUTIONS TO THE CIP '025/26 FY 2026/27 FY 2027/28 FY 2028/29 FY 2029/30 Total $7,221,000 $9,391,000 $9,560,000 $9,726,000 $9,892,000 $45,790,000 City of Pleasanton Capital Improvement Program • FY 2025/26 - FY 2029/30 13