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$ 2,036 Tri-Valley Transportation Fee $21,550 Zone 7 Water Connection Fee $ 3,132 Zone 7 Drainage Fee $13,000 DSRSD Sewer Connection Fee $30,170 Pleasanton Unified School Dist. School Impact Fee at Gift Fee Rate $69,888 Subtotal -Fees Collected by Other Agencies $90,497 Total Development Impact & Connection Fees @ Building Permit [Note: This amount increases for other building fees (e.g., plan check, etc.)] The $20,609 in City development impact fees' represent about 23% of the total development impact fees collected. The proposed Deferred Fee Program would only apply to these City fees. Fees for other public agencies such as Zone 7 and DSRSD must make their own policy decisions about whether to defer their fees. As a result, the City will continue collecting these fees consistent with current practice. The proposed Deferred Fee Program (see attached) would be available for property owners and builders of new single family homes, condos, townhouses, apartments, and residential units within amixed-use development. The proposed Deferred Fee Program would defer payment until the earlier of: (a) final inspection; (b) certificate of occupancy; or (c) close of escrow for the sale of the home. A promissory note and recorded deed of trust would secure payment for the City by notifying other lenders and future buyers of the amounts due, as well as including a provision that a home will not get gas service until the fees are paid.Z When fees are paid, a reconveyance is executed and this deed of trust is removed from the title to the property. The proposed Deferred Fee Program would not charge interest on the deferred fees, so long as payment is made within 24 months. This time period was determined based on both a custom home scenario experiencing construction delays, as well as a production home situation where a buyer places a deposit and the home is built -but then the buyer withdraws and the builder must find a new buyer. After 24 months, interest would accrue at the Bank of America Reference Rate, a commonly used rate for City programs. As of March 30, 2009, the Bank of America Reference rate was 3.25% and has been at this rate since December 16, 2008. During the deferral period, defined amounts would not be subject to annual adjustments. However, the proposed Deferred Fee Program would allow for the fees to ' The $20,609 amount would not change significantly based on the size of a proposed single-family home, as City fees are levied based on the type of residence (e.g. single family, condo, apartment), not the square footage of the residence. The gas service provision is a precautionary approach for a situation where a person owns the parcel already (so won't have a close of escrow), and does not call for a final inspection (perhaps only a minor item remains outstanding), and when the bank giving the construction loan does not require a certificate of occupancy. Page 3 of 4