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WHEREAS, the City is committed to redevelop Kottinger Place, increase affordability at the Gardens by Ironwood and to continue to implement affordable housing programs and various other housing projects with these fees; NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: Section 1: The City Council finds as follows: A. There are five development impact fees and all FY 2001-02 Lower-Income Housing Fees remaining unexpended but these fees are committed to constructing improvements identified in subsection D that will implement goals and objectives of the City's General Plan; B. The City's objective to mitigate the impacts caused by the development of residential, commercial, and industrial land will be assisted by the purchase of the equipment or construction of the improvements; C. There is a reasonable relationship between the purpose of each of the developer fees and the purpose for which it is charged and committed as stated below in subsection D. D. The amount of the development impact fees collected, the cash balance (including interest earnings) as of June 30, 2007 for each fee held for five years or more, the purpose the fee is committed, additional sources of funding and the expected date that funding will be available are as follows: (i) Fund 493 - $483,134; Golden Eagle Insurance; 8/5/96, 1/98 June 30, 2007 Cash Balance - $753,611 Project -Dublin Canyon Interim Improvement This project is pending; additional funding is needed. Project construction anticipated in 2012. (ii) Fund 495 - $35,000; Thomas; 9/4/96 June 30, 2007 Cash Balance - $54,550 Project -Foothill Rd. Improvements (Highland to Muirwood) Project consists of roadway resurfacing, scheduled to be completed in FY08. (iii) Fund 922 - $2,840; Mardel; 7/12/01 June 30, 2007 Cash Balance - $3,427 Project -Dublin Canyon/Foothill Road Improvements Project completed in FY07. (iv) Fund 924 - $800,782; Standard Pacific; 12/28/01; 3/14/02; 3/28/02; June 30, 2007 Cash Balance - $941,089 Project - Stoneridge Drive Specific Plan Fee These funds will be used towards the Staples Ranch Development Project, which is currently in development. (v) Fund 498C - $12,584; Standard Pacific; 11/30/01 June 30, 2007 Cash Balance - $14,968 Project -East Amador Relief Sewer Project These funds are to be used towards the construction of a pump station. This project is scheduled to be reviewed as apre-design in 2008 with construction projected in 2010. (vi) Fund 271 -Lower-Income Housing Fund