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consistent with AB 1600 requirements. At this time, it is likely that staff is studying the potential for
<br />recommending the implementation of a facilities replacement and traffic impact fees which would
<br />replace those included in the Miscellaneous Program. As a result, revenue sources and amounts may
<br />change. However, because these fee changes have not yet been reviewed or approved by the Council,
<br />all years show funding from existing revenue sources. A presentation and review of the new fees is
<br />expected shortly.
<br />To determine estimated revenue resulting from construction activity, the Planning Department has
<br />completed a five year forecast which anticipates the number of residential projects/units that may be
<br />constructed during the next five years. A detailed listing of the number of units/projects expected to
<br />be constructed is included in Appendix A located at the end of this document. In addition to projects
<br />already approved by Council, a number of units assuming "moderate" growth have been added to the
<br />final three years of the program to reflect the potential for new residential projects. A summary of
<br />the number of units used to develop construction revenue projection is as follows:
<br />SLIMMARY OF PROJECTED UNITS FOR REVENUE PROJECTIONS
<br />
<br /> PREVIOUSLY PROJECTED
<br /> APPROVED UNITS NEW UNITS TOTAL
<br /> FrY 1993/94 640 0 640
<br /> FY 1994/95 712 0 712
<br /> FY 1995/96 341 0 341
<br /> FY 1996/97 263 150 413
<br /> TOTAL 1,956 150 2,106
<br />
<br />As mentioned previously, the actual revenue derived from these activities--while received during the
<br />year that the building permit is issued--is reflected in the year after the revenue is anticipated to be
<br />received. A total of $16,975,747 revenue is expected to be generated from this funding source over
<br />the next five years. In addition to the permit-related fees, the program includes an anticipated $582,000
<br />from developer contributions. A yearly summary of revenues from specific fees is as follows:
<br />CONSTRUCTION-RELATED FEES
<br />
<br /> FY 1993/94 FY 1994/95 FY 1995/96 FY 1996/97 FY 1997/98 TOTAL
<br /> WATER CONNECTION $339,484 $371,267 $163,397 $231,882 $231,882 $1,343,912
<br /> SEWER CONNECTION 282.728 298,753 148.644 188.213 188,213 1,106.551
<br /> PARK DEDICATION 623,700 1,358.900 336,600 1,036,500 225.500 3,581.200
<br /> RESIDENTIAL CONSTRUCTION 226,861 267,867 137,572 184,998 I84,998 1.002.296
<br /> CAPITAL IMPROVEMENT 332.850 373.800 158,025 216.825 216,825 1,298.325
<br /> GROWTH MANAGEMENT PUBLIC 436,500 507,000 192,500 297,000 297,000 1,730,000
<br /> NF.F-nS
<br /> GROWl*t{ MANAGEMENT- 889,300 1,090,400 414,100 743,600 743,600 3,881,000
<br /> CAPITAL IMPROVEMENTS
<br /> DEVELOPER CONTRIBUTIONS 532,000 50.000 0 0 0 582,0000
<br /> TOTAL $3.663,422 $4.317.987 $1,556,838 $2,899.019 $2,088,019 $17,557,747
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