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State and Federal Grant Funds Currently the Financing Plan does not include any grant monies because there are no known funding sources for these monies. However, at the time that these funds become available, the City will make every effort possible to secure these funds for the projects included in the Program. Fund Raising Although not considered a primary funding source, fund raising efforts can be launched to provide funds for such needs as furniture, fixtures and equipment (the "FF&E") to support the construction of all elements of the Project including the teen facility, Community center and the Civic Arts Center. FF&E costs are non-bondable and will require support from other sources in order to ensure the successful implementation of the Project. Presently, there are several organizations that are a potential source to lead fund raising efforts. These organizations, working in collaboration with other community groups, could both promote the plan and educate the public in the funding needs. They could also provide a variety of fund raising strategies and programs. The Financing Plan includes $lmillion of funds attributable to fund raising efforts. Developer Fees When a jurisdiction looks at existing revenues and they are not adequate to support the development of a capital improvement program on apay-as-you-go basis or cash basis, an alternative available to the jurisdiction is to increase their developer fees. Developer fees once established and collected are subject to an AB 1600 review process to confirm that monies collected are spent within a reasonable period of time for the public facilities the fee was levied to fund. The developer fee is typically charged against new residential housing projects and new commercial projects. The fee can be determined based on the amount of housing units and the square footage of the new commercial space to be developed, the timing of the build-out of these projects, and the total amount of dollars needed to be generated for the capital improvement program. The City currently levies a developer fee for public facilities (including park facilities) of $3,947 per single family residential unit and $.75 per square foot of commercial office space. The fee funds the cost of public infrastructure. However, when the fee was developed in 1998, a majority of the Bernal Property Improvements contemplated in this Financing Plan was not included in the public facilities to be funded by the public facilities impact fee. Therefore, if an increase in the Public Facilities fee were to be considered by the City to finance developments' prorate share of the cost of the Bernal Property Improvements it would generate approximately $21.150 million over the next twenty-three (23) years. This figure is based on an estimated 2,800 new residential units being developed in the City between the year 2007 and 2019 (the projected build out date for residential properties in the City) and approximately 10.8 million square feet of commercial, office, industrial and institutional space being developed between 2007 and 2030 (the projected build out for commercial properties in the City). If the Council decides that this is a viable alternative for funding some portion of the Bernal Property Improvements, an additional study of the City's developer impact fees for public facilities would need to be undertaken, a majority protest hearing to increase the fee would need to be held by the City Council and the City Council would need to approve the fee by Ordinance. The fee would be subject to AB 1600 and Proposition 218 provisions. 6