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THE CITY OF <br /> <br />pL£ASANTON <br /> <br />6C <br /> <br />City Council <br />Staff Report <br /> <br /> June 21, 2005 <br />Finance Department <br /> <br />SUBJECT: <br /> <br />ANNUAL STATUS REPORT ON DEVELOPMENT <br />(AB1600 AND SB1693) <br /> <br />STAFF RECOMMENDATION: <br /> <br />~PACT FEES <br /> <br />Staff recommends that the City Council take the following action at the <br />meeting of June 21, 2005: <br /> <br />SUMMARY <br /> <br />1. Adopt the attached resolution making the findings stated therein concerning <br /> the City's commitment to certain specific capital improvement projects for <br /> which development impact fees have been collected but not spent for five <br /> or more years, i <br /> <br />As required by AB1600 and SB1693, this report has be6n prepared showing <br />the status of development impact fees held as of June 30,! 2004. The attached <br />resolution f'mds that certain developer funds have been held for five or more <br />years but identifies the projects and the City's commitment thereto to justify the <br />City's retention of the funds. <br /> <br />Honorable Mayor and Members of the City Council: <br /> <br />BACKGROUND <br /> <br />Beginning in 1984, public entities were required to provide an annual accoUnting concerning the <br />collection and use of all development impact fees. Effective Januar~ 1, 1989, AB 1600 <br />(Government Code 66000 et seq.) established new accounting guidelines regarding the <br />imposition and use of development impact fees. Effective January 1, 1997, SB 1693 made <br />certain changes to AB 1600 and has clarified and expanded the responsibilities of local agencies~ <br /> <br />SR:05:162 <br /> <br /> <br />