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Local Development Related Fees
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<br />This category of revenue consists of fees collected by the City to offset the impact of new development.
<br />The four major sources and expected revenue from these sources are as follows:
<br />
<br /> CITY DEVELOPMENT RELATED FEES
<br />
<br /> Calendar Year Calendar Year Calendar Year Calendar Year
<br /> TOTAL
<br /> 2005 2006 2007 2008
<br />?UBL1C FACILITY FEE $1,473,667 $839,985 $373,270 $84,940 $2,771,782
<br />FRAFFIC DEVELOPMENT FEE $1,331,590 $727,411 $494,195 $126,627 $2,679,823
<br />VATER CONNECTION FEE $443,200 $227,20C $110,430 $25,200 $806,030
<br />',EWER CONNECTION FEE $212,194 $115,50£ $54,174 $11,384 $393,252
<br />PARK DEDICATION FEES $1,509,388 $583,42£ $485,350 $9,707 $2,585,85?
<br />YOTAL $4,970,031 $2,493,43~ $1,515,419 $257,858 $9,236,744
<br />
<br />As indicated previously, these fees are available for expenditure in the fiscal year following the calendar
<br />year. As a result, fees collected in calendar 2005 are programmed for expenditures in 2006-07.
<br />
<br />In projecting development related fees, staff has taken a conservative approach so that the CIP includes
<br />revenue projections only from projects that have been approved by the City Council and have received
<br />Growth Management approval. However, if development does not occur as projected, staff will make
<br />the necessary adjustments as part of the Mid-Term CIP without affecting current year funding.
<br />
<br />The number of residential units and commercial square footage included as revenue generating projects
<br />is as follows:
<br />
<br />RESIDENTIAL DEVELOPMENTS AND COMMERCIAL SQUARE FOOTAGE
<br /> USED FOR REVENUE PROJECTIONS
<br />
<br /> RESIDENTIAL COMMERCIAL
<br />
<br />Calendar Year Number of Units Calendar Year Square Footage
<br />2005 341 2005 198,596
<br />2006 231 2006 0*
<br />2007 88 2007 145,340
<br />2008 21 2008 12,624
<br />TOTAL 681 TOTAL 356,560
<br />
<br />*Does not include 146,634 sq. t~. of projects subject to discretionary approval.
<br />
<br />Because the City does not control the timeline for these developments, the unit projections are staffs
<br />best estimate based on recent development activity and discussions with the developers. Should projects
<br />scheduled for calendar year 2005 not occur, the unit totals and corresponding revenue will be reduced.
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