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CITY COUNCIL OF THE CITY OF PLEASANTON <br />ALAMEDA COUNTY, CALIFORNIA <br />RESOLUTION NO. 05-. <br /> <br />A RESOLUTION FINDING THAT CERTAIN FUNDS <br />COLLECTED FROM DEVELOPERS ARE UNEXPENDED <br />AFTER FIVE YEARS BUT THAT THE FUNDS! ARE <br />COMMITTED TO PARTICULAR PROJECTS <br /> <br />WHEREAS, <br /> <br />WHEREAS, <br /> <br />WHEREAS, <br /> <br />WHEREAS, <br /> <br />WHEREAS, <br /> <br />WHEREAS, <br /> <br />Government Code 66001(d), effective January 1, 1989, reqgires the City (a) to <br />make findings once each fiscal year with respect to any portion of a fee remaining <br />unexpended in its account five or more years after deposit of the fee, (b) to <br />identify the purpose to which the fee is to be put and to dem~mstrate a reasonable <br />relationship between the fee and the purpose for which it is charged, (c) to identify <br />all sources and amounts of funding anticipated to complete ]financing and (d) to <br />designate the approximate date the expected funding will be deposited; and <br /> <br />staff has reviewed the development fees collected between JUly 1, 1998 and June <br />30, 1999 to determine if any such development fees remain unexpended; and <br /> <br />staff has found that there are four development impact !fees collected from <br />developers for this period that remain unexpended; and <br /> <br />the City is committed to use one of the fees to reimbursel a developer for the <br />construction of capital improvements for which this fee has b~en collected and the <br />City is committed to use one fee for construction of a capital improvement when <br />certain environmental issues are resolved and the City is committed to use two of <br />the fees for construction of capital improvements when future development <br />occurs; and <br /> <br />staff has reviewed the development fees collected between JUly 1, 1993 and June <br />30, 1994 that received findings five years ago to determine if any such <br />development fees still remain unexpended; and <br /> <br />staff has found that there are two development impact fees collected from <br />developers for this period that received findings five years ago and remain <br />unexpended; and <br /> <br />the City is committed to use one of the fees to construct capital improvements <br />when certain environmental issues are resolved and is waiting to disburse the other <br />fee to Signature Properties when appropriate; and <br /> <br /> <br />