HomeMy WebLinkAboutItem 4.07 DeveloperDepositsRpt
CITY OF DUBLIN
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: October 10, 1994
Annual Report of Developer Deposits:
Pursuant to Government Code section 66001 (AB 1600)
(Prepared by: Paul S. Rankin, Assistant City Mgr)
1. /Chart: Unused Developer Contributions By Fiscal
Year Received (As of 6/30/94)
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SUBJECT :
'*
EXHIBITS ATTACHED:
2. /Resolution Making Findings Regarding Unexpended
~ Developer Deposits For Public Improvements
RECOIIIIENDATIOH: ~ Accept the report and adopt the Resolution.
FINANCIAL STATEMENT: All Developer Deposits are anticipated to be
utilized for the purpose under which they were originally collected.
DESCRIPTION: A ci ty is authorized under State Law to require
development applicants to contribute fees towards off-site improvements,
which are needed as a result of the new development. In most cases the
new development has only contributed its pro-rata share of the new
improvement. Each fiscal year the City Council must review all fees,
which have not been expended within 5 years of the date they were
collected. Following the initial 5 year period, the City council must
make certain findings to retain these monies, or they must be returned
to the current owner (s) of the subject property.
The City of Dublin tracks Developer contributions in Fund 300 (Capital
Projects Fund). A Liability account is established for each of the
identified public improvement projects. In some cases more than one
developer may contribute to the same project.
The reporting for this fund was revised with the 1993/94 fiscal year.
In the past, interest accrued to the fund each year and was recognized
as revenue. Staff has modified this process and all interest earnings
will be shown as revenue at the time that they are expended on the
identified project. This will more clearly identify all monies
available in Fund 300 for a specific project. The following Table
describes available funds as of June 30, 1994:
FUND 300
ACCOUNT #
1000-331-001
PROJECT
(9696) Dublin Blvd Widening
Donlon to Village Parkway
(9655) Dougherty Rd. Impvts
South of Southern Pacific ROW
1000-331-005
1000-331-006
(9686) Road Parallel To Southern
Pacific ROW From Dougherty Rd To
Dublin Blvd. Extension
1000-331-007
(9687) New Street Parallel To
Dublin Blvd. (Between Golden Gate
& Regional)
(9689) Widen Dougherty Road North
of Amador Valley Boulevard
(9656) Traffic Signals on Village
Pkwy @ Brighton and Tamarack
(9692) Dublin Blvd. Impvts Between
Sierra Court and Clark Ave.
1000-331-008
1000-331-010
1000-331-011
1000-331-012
(9648) Traffic Impa~t Fee Study
TOTAL DEPOSITS INCLUDING ACCRUED INTEREST
COPIES TO:
6/30/94
BALANCE
$ 72,991.06
$ 41,449.26
$ 15,910.15
$ 35,142.04
$ 11,968.54
$ 20,850.14
$ 1,047.71
$ 17,491.10
$ 216.850.00
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CITY CLERK
FILE ~
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The City expends the monies collected on eligible projects in the order
they are received. This helps to avoid reaching the 5 year limitation
on the use of funds. Exhibit 1 describes the fiscal year in which each
of the current Developer contributions currently were originally
received. The interest earnings have been lumped in a single column as
they are not part of the original contribution.
As shown in Exhibit 1, there were fees collected in Fiscal Year 1989/90,
which will not be expended within the 5 year limitation. All of the
fees were collected on January 2, 1990 from the Developer of the Dublin
Meadows project. The City Attorney has drafted a City Council
Resolution, which makes the necessary findings to retain the
funds.(Exhibit 2) Although the funds will not be expended within the
year time limit, the applicable projects are identified in the adopted
City of Dublin Capital Improvement Plan. It is also expected that these
improvements will be needed to mitigate the traffic impacts of the
Dublin Meadows Project, which resulted in the collection of the fees.
Further, these fees are part of the necessary financing needed to
eventually construct the improvements. The City Council will need to
make appropriate findings each year until the monies are expended or
forfeited.
staff would recommend that the City Council adopt the Resolution and
accept the Annual Report as complete for Fiscal Year 1994/95.
EXHIBIT 1
UNUSED FUND 300 DEVELOPER CONTRIBUTIONS
BY FISCAL YEAR RECEIVED
(AS OF 6/30/94)
Dep.
Accnt Name 1989/90 1991/92 1992/93 1993/94
001 Dublin Blvd.' Widening 11,322.86 38,710.00
005 Dougherty Rd - South 4,928.13 34,140.00
006 Rd Adjacent SPRW 12,400.00
007 Parallel Rd s/o Dub Blvd 4,800.00 27,940.00
008 Dougherty Rd - North 9,328.00
010 Village Pkwy Signals 6,377.00 13,425.00
011 Dublin Blvd-Sierra to Clark 1,010.00
012 Traffic Impact Fee Study 16.861.50
GRAND TOTAL
26,528.00* 4,928.13
17,699.86
132,086.50
*Received January 2, 1990
. :Devel op. agenda#15
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Subtotal Unexpended Grand Total
Developer Interest Available
Contributions (6/30/94) (6/30/94)
50,032.86 22,958.20 72,991. 06
39,068.13 2,381.13 41,449.26
12,400.00 3,510.15 15,910.15
32,740.00 2,402.04 35,142.04
9,328.00 2,640.54 11,968.54 e
19,802.00 1,048.14 20,850.14
1,010.00 37.71 1,047.71
16 , 861. 50 629.60 17.491.10
181,242.49 35,607.51 216,850.00
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RESOLUTION NO.
- 94
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
***********************************************
RESOLUTION MAKING FINDINGS REGARDING UNEXPENDED IMPACT FEES
FOR FISCAL YEAR 1994-95
Recitals
1. The city has collected fees for off-site 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 1994-1999 Capital Improvement Program and include the
improvements described in Recitals numbered 2 through 4 below.
2. Road Parallel to Southern Pacific Riqht-of-Wav - Douqhertv Road to
Dublin Boulevard. proiect #9686 - Deposit #1000-331-006
This project would provide a 4-lane roadway connection between
Dougherty Road and Dublin Boulevard (parallel to the Southern
Pacific Railroad Right-of-Way).
As of June 30, 1994, the total amount of funds collected for this
project is $12,400.00. This amount was collected by the City on
January 2, 1990.
This project will not be needed until development in the Dougherty
Valley (Contra Costa County) occurs and until the future East
DUblin/Pleasanton BART station, adjacent to Camp Parks, is
completed. Development in Dougherty Valley is anticipated within
the next several years. The BART station is slated for completion
at the end of 1995.
3. New Street Parallel to and South of Dublin Boulevard. proiect
#9687 - Deposit #1000-331-007
This project will construct a 2-lane roadway between Golden Gate
Drive and Regional Street south of and parallel to Dublin
Boulevard.
As of June 30, 1994, the total amount of funds collected for this
project is $32,740.00. Of this amount, $4,800.00 was collected by
the City on January 2, 1990.
This project will be needed when the West Dublin/Pleasanton BART
station is constructed. Although funding is not in place for
construction of the West Dublin/Pleasanton BART station, BART is
constructing the extension presently and is still committed to
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constructing the West Dublin/Pleasanton BART station when the
funding is available.
This project will also be needed when the I-580/1-680 Measure B
Interchange Improvements are constructed. Hook ramps are
presently planned which will terminate in the Central Business
District. It is anticipated that these improvements will be
constructed by 1998.
4. Douqherty Road Imorovements (Amador Valley Boulevard North to city
Limits) Proiect #9689 - Deposit #1000-331-008
This project consists of constructing the
lanes and median from Amador Valley Blvd.
limits.
ultimate northbound
north to the City
As of June 30, 1994, the total amount of funds collected for this
project is $9,328.00. This amount was collected by the City on
January 2, 1990.
This project will not be needed until development in'the Dougherty
Valley occurs. Al though development has not yet occurred in
Dougherty Valley, it is anticipated that development will occur
within the next several years. Contra Costa County approved an
amendment to its general plan in 1992, which would permit
development in the Dougherty Valley. That amendment was
challenged by two lawsuits resulting in a determination by the
Superior Court that the environmental impact report for the
amendment was flawed. Contra Costa County is presently preparing
revisions to the environmental impact report to respond to the
flaws, and it is anticipated that the Board of Supervisors will
consider approval of the general plan amendment, together with a
revision of the environmental impact report, within the next year.
5. The three projects described in Recitals 2-4 above are referred to
as the "Three Traffic Improvements."
6. All of the fees described above (paragraphs 2-4) as being
collected on January 2, 1990, and subject to this resolution, were
collected from Dublin Meadows Partners for the Dublin Meadows
multi-family housing project. A finding was made at the time the
Dublin Meadows Project was approved, by Council Resolution No. 33-
89, that the fees were needed in order to finance the construction
of the Three Traffic Improvements. Resolution No. 33-89 further
found that the purpose of the fees was to mitigate the traffic
impacts caused by the Dublin Meadows project by construction of
the Three Traffic Improvements.
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Findinqs
The Council finds, on the basis of the foregoing Recitals, that:
A. The fees which have been collected for the Three Traffic
Improvements will remain unexpended as of January 2, 1995;
B.
The fees which have been collected for the
Improvements will remain committed as of January
construction of the improvements identified in
Improvement Program;
Three Traffic
2, 1995, for
the Capital
C. The purpose to which the fees will be put is for construction of
the Three Traffic Improvements, as described above and in the
1994-1999 Capital Improvement Program;
D. The fees were collected to make the Three Traffic Improvements,
which improvements will mitigate traffic impacts caused by the
Dublin Meadows Project; and
E.
The fees which
Improvements are
Improvements.
have been collected for the Three Traffic
needed for construction of the Three Traffic
PASSED, APPROVED, AND ADOPTED THIS 10th day of October, 1994.
AYES:
NOES:
ABSENT:
ABSTAIN:
Mayor
ATTEST:
City Clerk
PSR/lss a:ResoTraf.agenda#lS