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HomeMy WebLinkAboutReso 120-23 Item 5.5 Making Findings Regarding Unexpended Traffic Impact Fees for Fiscal Year 2022-23Reso. No. 120-23, Item 5.5, Adopted 12/05/2023 Page 1 of 2 RESOLUTION NO. 120 – 23 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN MAKING FINDINGS REGARDING UNEXPENDED TRAFFIC IMPACT FEES FOR FISCAL YEAR 2022-23 WHEREAS, the City has collected contributions for the completion of off-site public traffic improvements needed as a result of new development, which will not be expended within five years after deposit. The improvements are described in the Fiscal Year 2022-2027 Capital Improvement Program and include the improvements described below; and: Source of Fee Unexpended Developer Fees as of June 30, 2023 1. Project Specific Mitigation: Central Parkway & Park Place Drive Traffic Signal $55,500 2. Eastern Dublin Transportation Impact Fee $8,412,279 3. Western Dublin Transportation Impact Fee $1,214,861 4. Dublin - Contra Costa County Traffic Impact Mitigation Fees $4,042,083 5. Tri-Valley Transportation Development Fee $3,094,968 WHEREAS, the contributions and fees and their associated projects described in the recital above are referred to as the "Traffic Improvements." NOW, THEREFORE, BE IT RESOLVED that the City Council of City of Dublin hereby find and determine that the foregoing recitals and determinations are true and correct: A. The contributions and fees which have been collected for the Traffic Improvements will remain unexpended after Fiscal Year 2022-23. B. The contributions and fees which have been collected for the Traffic Improvements will remain committed for construction of the improvements identified in the adop ted Capital Improvement Program. C. The purpose for which the contributions and fees will be used is construction of the Traffic Improvements, as described above and in the 2022-2027 Capital Improvement Program. D. The contributions and fees were collected to make the Traffic Improvements, which improvements will mitigate traffic impacts caused by the new development proje cts which paid the fees. E. The contributions and fees which have been collected for the Traffic Improvements are needed for construction of the Traffic Improvements. DocuSign Envelope ID: 4D1071F4-5380-4D77-AC7B-B93C46299EAB Reso. No. 120-23, Item 5.5, Adopted 12/05/2023 Page 2 of 2 PASSED, APPROVED AND ADOPTED this 5th day of December 2023, by the following vote: AYES: Councilmembers Hu, Josey, McCorriston, Qaadri and Mayor Hernandez NOES: ABSENT: ABSTAIN: ______________________________ Mayor ATTEST: _________________________________ City Clerk DocuSign Envelope ID: 4D1071F4-5380-4D77-AC7B-B93C46299EAB