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<br />r <br /> <br /> <br />4E <br /> <br />'- <br /> <br />pLEASANTONc <br /> <br />City Council <br />Staff Report <br /> <br />May 2, 2006 <br />Finance Department <br /> <br />SUBJECT: <br /> <br />ANNUAL STATUS REPORT ON DEVELOPMENT IMPACT FEES <br />(AB1600 AND SB1693) <br /> <br />STAFF RECOMMENDATION: <br /> <br />Staff recommends that the City Council take the following action at the <br />meeting of May 2, 2006: <br /> <br />I. 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. <br /> <br />SUMMARY As required by ABI600 and SB1693, this report has been prepared showing <br />the status of development impact fees held as of June 30, 2005. The attached <br />resolution finds 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 January I, 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 I, 1997, SB 1693 made <br />certain changes to AB 1600 and has clarified and expanded the responsibilities of local agencies. <br /> <br />One of the mandated accounting guidelines, as stated in Government Code 66006(a), provides <br />that a local agency shall establish separate capital facility accounts for each improvement funded <br /> <br />SR:06:122 <br />