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HomeMy WebLinkAboutItem 4.06 - 1255 AB 1600 Report Page 1 of 4 STAFF REPORT CITY COUNCIL DATE: December 20, 2016 TO: Honorable Mayor and City Councilmembers FROM: Christopher L. Foss, City Manager SUBJECT: Annual Report of Developer Impact Fee Funds Deposits: Pursuant to Government Code Sections 66002, 66006 and 66008 (AB 1600) Prepared by: Lisa Hisatomi Assistant Administrative Services Director EXECUTIVE SUMMARY: State law requires the City to review and report on an annual basis the status of Development fees collected to finance public improvements. The report covers activity which occurred in these funds during Fiscal Year 2015-16. The analysis has determined that all funds held for more than five years are necessary to complete identified projects. STAFF RECOMMENDATION: Accept the annual report of developer impact fee funds for the year ended June 30, 2016, and adopt the Resolution Making Findings Regarding Unexpended Traffic Mitigation Contributions for Fiscal Year 2015-16. FINANCIAL IMPACT: The financial impacts and accounting for the Development Fees are discussed as part of the Staff Report. DESCRIPTION: Cities are authorized under State Law to require development applicants to contribute fees toward off-site public improvements, which are needed as a result of the new development. Annually, the City is required to disclose the status of funds held for this purpose. The report provides information covering the period from July 1, 2015 through June 30, 2016 (Attachment 1). Requirements of Law The law requires the City to review, on an annual basis, the status of development fees collected. The law provides for a report to be made available within 180 days from the end of the Fiscal Year. In addition, Government Code Section 66006(b)(2) requires the report to be included on the City Council meeting agenda at a public meeting not less Page 2 of 4 than 15 days after the information was made available. In the event that any fees remain unexpended for more than five years, the City Council must adopt a Resolution making certain findings related to the continued need for the funds to complete the improvements. In the event that findings are not made to support the retention of the funds, the unexpended fees must be returned to the current owners of the subject property. Major Components of Report The Fiscal Year 2015-16 Annual Report of Developer Funds is shown in Attachment 1. The law requires disclosure of numerous details with respect to activity in these accounts. This includes: beginning and ending balances; collections for the year; expenditures for the year; interest earned; and any refunds. For the purpose of this report the City is providing information on the following funds: FUNDS ACCOUNTED FOR IN REPORT (ATTACHMENT 1) Eastern Dublin Traffic Impact Fees Downtown Traffic Impact Fees Public Facilities Impact Fees (Includes Park Dedication Fees) Fire Impact Fees Tri Valley Transportation Development Fees Category 3 Regional Traffic Impact Fees Pass Through Fees: (Freeway Interchange Fees / BART Garage) Dublin - Contra Costa County Traffic Impact Mitigation Fees Details of activity for each of the fees are displayed in the Annual Report (Attachment 1). The following is a high level summary of the activity for the year including the beginning and ending balances: ANNUAL REPORT OF DEVELOPER FEES BY CATEGORY (7/1/2015 - 6/30/2016) IMPACT FEE CATEGORY Beginning Balance (7/1/2015) Additions: Fees Collected; Interest Revenue Expenses: Project Costs; Interest; Loan Repayments; Pass-Through Ending Balance (6/30/2016) Public Facility Fees $33,664,321.86 $15,437,734.20 ($22,939,086.43) $26,162,969.63 Fire Impact Fees – Advance Owed to General Fund ($470,606.51) $390,512.77 ($579.39) ($80,673.13) Traffic Impact Fees $17,260,168.45 $4,627,097.82 ($2,079,897.27) $19,807,369.00 TOTAL $50,453,883.80 $20,455,344.79 ($25,019,563.09) $45,889,665.50 It is important to note that these fees are restricted and can only be used for the capital - related purposes for which they have been collected. Given the multi -year nature of the Page 3 of 4 capital projects to be financed it is expected that funds will be accumulated and used based on the construction timing. During Fiscal Year 2015 -16, the net balance of all funds reported decreased by approximately $4.56 million which was l argely attributable to Public Facility Fee and Traffic Impact Fee funds collected, utilization of Public Facility Fee to fund the construction of Emerald Glen Park Recreation and Aquatic Complex and Fallon Sports Park. The ending combined balance of $45.9 million is net of negative balances. A detailed accounting for each of the major categories is shown in the schedules included in Attachment 1. The Fire Impact Fee Fund is negative due to funds advanced for the construction of Station 17. As fees are collected they are used to repay borrowed funding from the General Fund, including interest. Funds Remaining Unexpended More Than 5 Years After Being Collected One of the provisions in the State law regulating development fees is to regularly review funds collected and held for more than five years without being expended. The law requires the City Council to make certain findings in order to continue to hold fees collected and unexpended for more than five years. The following Table summarizes the accounts with contributions which have remained unexpended for more than five years. SUMMARY OF ACCOUNTS WITH FUNDS REMAINING UNEXPENDED FOR FIVE YEARS OR MORE AFTER THEY WERE COLLECTED Source of Fee Fees Unspent For More Than 5 Years as of 6/30/16 Developer Fees Unspent For Less Than 5 Years Accumulated Interest Total Designated As of 6/30/2016 Remaining Project Costs Mitigation Funds: Central Parkway & Sybase Drive Traffic Signal $55,500.00 None $9,087.99 $64,587.99 $400,000.00 Mitigation Funds: Scarlett Drive Extension (Dublin Blvd to Dougherty Rd) $28,801.83 None $93,551.84 $122,353.67 $20,265,000.00 Proposed Resolution Making Necessary Findings In order to retain fees longer than five years, certain findings must be made by the City Council. Without this action the fees would need to be refunded. All of the fees summarized in the previous section of this report have identified projects that will require the funding in the future. The funding needed includes the accumulated interest, which is expended only on the authorized projects. The City continues to allocate interest on the balances retained. Staff has identified the findings necessary as part of the attached Resolution (Attachment 2). Adoption of the Resolution allows the Page 4 of 4 City to continue to retain the fees, in order to fund the projects for which they were collected. NOTICING REQUIREMENTS/PUBLIC OUTREACH: Government Code Section 66006(b)(2) requires the report to be included on the City Council meeting agenda at a public meeting not less than 15 days after the information was made available. Staff previously made available to the public a draft copy of this report on Monday, December 5, 2016. In addition the Government Code Section requires that the notice of the meeting shall be mailed, at least 15 days prior to the meeting, to any interested party who files a written request with the local agency for mailed notice of the meeting. The Administrative Services Department mailed notices to interested parties who have filed requests in the past. ATTACHMENTS: 1. Annual Report of Developer Impact Fee Funds for the Year Ended June 30, 2016 2. Resolution Making Findings Regarding Unexpended Traffic Mitigation Contributions for Fiscal Year 2015-16 ATTACHMENT 1 City of Dublin Annual Report of Developer Impact Fee Funds Deposits For the Year Ended June 30, 2016 CONTENTS SECTION INFORMATION PAGE(S) Section 1: Table of Disclosure Requirements With Cross Reference To Government Code and Location In City of Dublin Report ……………………………………. 1-2 Section 2: Description Impact Fees Included In Report ………... 3-4 Section 3: Status of Funds • Interfund Loans & Transfers • Specific Funds Held In Excess of 5 Years • Refunds…………………………………………. 5-6 Section 4: 2015-16 Accounting of Impact Fees By Major Category • Public Facility Impact Fees • Fire Impact Fees • Traffic Impact Fees…………………………….. 7 Section 5: Detail By Fund - Traffic Impact Fees Contributions……………………………………………. 8 Section 5A: Detail - Traffic Impact Fees (Project Specific Mitigation) Contributions……………………………... 9 Section 6: Schedule of Funding For Public Improvements And Percentage Funded By Developer Fees……… 10 Data Available To Public December 5, 2016 Presented City Council Meeting December 20, 2016 SECTION 1 TABLE OF IMPACT FEE DISCLOSURE REQUIREMENTS WITH CROSS REFERENCES 1 Government Code Section Requirement Information Found In City Report At Provide the following: 66006 (b) (A) 1. A brief description of each of the City’s impact fees. Section 2, Part A 66006 (b) (B) 2. The amount charged for the City’s impact fees. Section 2, Part B 66006 (b) (C) 3. The beginning and ending balance for the City’s impact fee accounts. Section 4 and Section 5 66006 (b) (D) 4. The amount of fees collected and interest earned. Section 4, Section 5, And Section 5A 66006 (b) (E) 5. An identification of each public improvement on which fees were expended and the amount of the expenditures on each improvement, including the total percentage of the cost of the public improvement that was funded with fees. Section 6 66006 (b) (F) 6. An identification of an approximate date by which the construction of the public improvement will commence if the local agency determines that sufficient funds have been collected to complete financing on an incomplete public improvement, as identified in paragraph (2) of subdivision (a) of Section 66001, and the public improvement remains incomplete. Section 3, Part B 66006 (b) (G) 7. A description of each interfund transfer or loan made from the account or fund, including the public improvement on which the transferred or loaned fees will be expended, and, in the case of an interfund loan, the date on which the loan will be repaid, and the rate of interest that the account or fund will receive on the loan. Section 3, Part A 66006 (b) (H) 8. The amount of refunds made pursuant to subdivision (e) of Section 66001 and any allocations pursuant to subdivision (f) of Section 66001. Section 3, Part C SECTION 1 TABLE OF IMPACT FEE DISCLOSURE REQUIREMENTS WITH CROSS REFERENCES 2 Government Code Section Requirement Information Found In City Report At 66001 (d) 9. For the fifth year following the first deposit into the account or fund, and every five years thereafter, the City shall make all of the following findings with respect to those portions of the impact fee remaining unexpended, whether committed or uncommitted. Section 3, Part B and attached Resolution for items a-e below. 66001 (d) (1) a. Identify the purpose to which the fee is to be used for. 66001 (d) (2) b. Demonstrate a reasonable relationship between the fee and the purpose for which it is charged. 66001 (d) (3) c. Identify all sources and amounts of funding anticipated to complete financing in incomplete improvements. 66001 (d) (4) d. Designate the approximate dates on which the funding referred to in item c above is expected to be deposited into the appropriate account or fund. 66006 (b) (1) (F) e. When sufficient funds have been collected, the agency shall identify, within 180 days of the determination that sufficient funds have been collected, an approximate date by which the construction of the public improvements will commence. SECTION 2 DESCRIPTION OF IMPACT FEES 3 A. DESCRIPTION OF THE CITY’S IMPACT FEES The City of Dublin has established the following Impact Fees and Traffic Mitigation Contributions: • Eastern Dublin Traffic Impact Fees • Downtown Traffic Impact Fee • Public Facilities Impact Fees • Park Dedication Fees • Fire Impact Fees • Tri Valley Transportation Development Fees • Freeway Interchange Fees • Dublin – Contra Costa Traffic Impact Mitigation Fees These impact fees were established to pay for the design, development and construction of public improvement projects for: streets; public facilities; parks; fire capital expansion projects and community amenities. B. AMOUNTS CHARGED BY THE CITY FOR IMPACT FEES AND PUBLIC IMPROVEMENTS FUNDED BY THESE FEES The amounts charged for the impact fees noted above are dependent upon the type and size of a particular development and were based upon related studies, conducted prior to the adoption of the fees. The City Council has adopted and imposed the subject fees through the passage of the following resolutions. These fees are updated on an annual basis based upon various cost indexes described in further detail as part of the resolutions for these fees: Impact Fee Resolution / Ordinance Eastern Dublin Traffic Impact Fees (Includes BART Garage Pass-Through) Resolution 225-99 Amended by Resolution 111-04 Updated by Resolution 40-10 Downtown Traffic Impact Fee Resolution 210-04 Amended by Resolution 47-09 Public Facility Impact Fees Resolution 32-96 Amended by Resolutions 134-15, 45-09, 214-02 & 60-99 Park Dedication Fees Chapter 9.28 Dublin Municipal Code Amended by Ordinance 08-15 Fire Impact Fees Resolution 37-97 - Amended by Resolutions 208-00,12-03, 77-05 & 46-09 Tri-Valley Transportation Development Fees Resolution 89-98 Amended by Resolutions 85-99, 87-03 & 68-15 Pleasanton Interchange Fees Resolution 11-96 Amended by Resolution 155-98 Dublin – Contra Costa Traffic Impact Mitigation Fees. Resolution 74-00 and Contra Costa County Ordinance No. 2000-24 The studies and supporting documentation presented or adopted as part of the resolutions noted above identify the public improvements that those fees will be used to finance. These studies also show that there is a reasonable relationship: a.) between the fees’ use and the type SECTION 2 DESCRIPTION OF IMPACT FEES 4 of development project on which the fee is imposed; and b.) between the need for the public facility and the type of development project on which the fee is imposed. SECTION 3 STATUS OF FUNDS 5 A. INTERFUND LOANS AND TRANSFERS OF IMPACT FEES No inter-fund loans or transfers of impact fees were granted to other funds during Fiscal Year 2015-16. The Fire Impact Fee Fund received an advance / loan from the General Fund in both Fiscal Year 2003-04 and Fiscal Year 2004-05. Collections of Fire Impact Fees are being used to repay the advance. Interest accrues at the rate equal to the City’s return on its investment portfolio. B. ANALYSIS OF FEES LEVIED AGAINST DEVELOPMENT PROJECTS IN ACCORDANCE WITH SEC. 66001 OF THE (CGC) AND UNSPENT AFTER 5 YEARS The purpose of the review was to identify monies that have been collected and held for a period of more than five years and to make appropriate disclosures. The City of Dublin has analyzed the balance of monies held, at the beginning of Fiscal Year 2015-16 (July 1, 2015). The balances were evaluated based on “developer fees collected’ separate from interest revenue. As of July 1, 2015 there were three projects involving the use of Traffic Mitigation Contributions, which have developer fees that continued to be held for more than five years. The Projects are included in the adopted City of Dublin Five Year Capital Improvement Program 2016–2021. In accordance with State Law, the City Council has previously adopted Resolution #190-15 on December 15, 2015 declaring the need to continue to maintain the funds. Based on expenditures during Fiscal Year 2015-16, as of June 30, 2016, there are two projects that have developer funds collected and held for more than five years. Details related to the projects which have funds held for more than five years are identified below: 1. CENTRAL PARKWAY & SYBASE DRIVE TRAFFIC SIGNAL Mitigation Source Unspent Developer Fees Held More Than 5 Years Remaining Project Costs (Estimate) Central Parkway & Sybase Drive Traffic Signal $55,500 $400,000 Description of Project This project will install a traffic signal at the existing intersection of Central Parkway and Sybase Drive. Mitigation fees were paid to partially fund the intersection improvements as a condition of approval of the Sybase Corporate Headquarters Facility, Planning Commission Resolution No. 00-23. The construction of the improvement is pending the development of the adjacent vacant parcel. Source of Funding Traffic Mitigation Contribution Approximate Project Completion Date A precise completion date for the project has not been established. It is currently expected that it will be a date outside the current 5 Year CIP planning horizon. SECTION 3 STATUS OF FUNDS 6 2. SCARLETT DR & IRON HORSE TRAIL EXTENSION - DUBLIN BLVD – DOUGHERTY ROAD (Future Project) Mitigation Source Unspent Developer Fees Held More Than 5 Years Remaining Project Costs As Identified in CIP Scarlett Dr. & Iron Horse Trail Extension – Dublin Blvd / Dougherty Rd $28,801.83 $20,265,000 Description of Project This project would provide an extension of Scarlett Drive and relocate and enhance a portion of the Iron Horse Trail. The roadway element is a connection between Dougherty Road and Dublin Boulevard (within the former Southern Pacific Railroad Right-of- Way). Source of Funding Dublin Crossing Development Agreement Transportation Fees, Traffic Mitigation Contributions, Category 2 Eastern Dublin TIF Fees. Approximate Project Completion Dates A precise completion date for the project has not been established. It is currently expected that it will be a date outside the current 5 Year CIP planning horizon. It is anticipated that the developer of the Dublin Crossing project will construct the project in accordance with the Development Agreement between the City of Dublin and the developer. C. REFUNDS No refunds were made during Fiscal Year 2015-16. D. RETIREMENT OF IMPACT FEE OBLIGATIONS During Fiscal Year 2015-16, payments were made to retire Impact Fee Credit Obligations as follows: Fee Type Amount Payments to holders of Impact Fee Credits that had converted to Rights to Reimbursement Eastern Dublin Traffic Impact Fee – Category 1 $300,000.00 Eastern Dublin Traffic Impact Fee – Category 2 $24,018.00 Reimbursement pursuant to the construction agreement for the Tassajara Interchange. (Alameda County Surplus Property Authority) Eastern Dublin Traffic Impact Fee – Category 1 $98,279.28 Reduction In Advance Assumed By Alameda County Surplus Property Authority (Original Advance Was made by BART For East Dublin Station Access) Eastern Dublin Traffic Impact Fee – Category 2 $75,000.00 TOTAL $497,297.28 7 SECTION 4 CITY OF DUBLIN CAPITAL IMPACT FEE REPORT FEES BY MAJOR CATEGORY (Activity July 1, 2015 - June 30, 2016) PUBLIC FACILITY FEES FIRE FACILITY IMPACT FEES TRAFFIC IMPACT FEES (ALL CATEGORIES)GRAND TOTAL Funds 4101-4111 Fund 4201 Funds 4301-4313 (Includes Park Dedication Fees)Detail In Schedule 5 Ending Available 6/30/2015 $33,664,321.86 ($470,606.51)$17,260,168.45 $50,453,883.80 Fees Collected: 7/1/2015-6/30/2016 15,091,481.92 390,512.77 4,454,485.05 19,936,479.74 Interest 7/1/2015 - 6/30/2016 346,252.28 - 172,612.77 518,865.05 Less 2015-16 Expenditures Project Expenditures (22,939,086.43) (1,097,157.95) (24,036,244.38) Interest on Loan from General Fund for Construction of Fire Stations (579.39) (579.39) Retirement of Impact Fee Obligations (497,297.28) (497,297.28) Refunds Per CGC 66001(e)/(f)- Pass Through Funds (See Schedule 5)(485,442.04) (485,442.04) Ending Balance 6/30/2016 $26,162,969.63 ($80,673.13)$19,807,369.00 $45,889,665.50 8 SECTION 5 CITY OF DUBLIN CAPITAL IMPACT FEE REPORT BREAKDOWN OF TRAFFIC IMPACT FEE FUNDS (Activity July 1, 2015 - June 30, 2016) CATEGORY 1 CATEGORY 2 DOWNTOWN TRAFFIC IMPACT FEE I-580/ FALLON RD INTERCHANGE SUB-TOTAL "A" TRAFFIC IMPACT FEES Fund #4301 Fund # 4302 Fund # 4304 Fund # 4307 Ending Available 6/30/2015 $7,298,528.13 $3,997,879.15 $1,038,786.22 - $12,335,193.50 Fees Collected: 7/1/2015-6/30/2016 1,228,491.04 458,149.70 799,867.24 - 2,486,507.98 Interest 7/1/2015 - 6/30/2016 70,601.39 38,351.88 14,407.14 - 123,360.41 (Less: 2015-16 Expenditures) Traffic Improvements (5,431.21) (326,924.62) - (332,355.83) Retirement of Impact Fee Obligations (398,279.28) (99,018.00) - (497,297.28) Refunds Per CGC 66001(e)/(f)- - Ending Balance 6/30/2016 $8,193,910.07 $4,395,362.73 $1,526,135.98 $14,115,408.78 CATEGORY 3 LOCAL REGIONAL FEES DUBLIN - CONTRA COSTA COUNTY MITIGATION TRI-VALLEY TRANSPORTATION DEVELOPMENT FEE SPECIFIC PROJECT MITIGATION FUND (See 5A for Breakdown) SUB-TOTAL "B" OTHER FEES Fund # 4303 Fund # 4305 Fund # 4306 Fund # 4309 Ending Available 6/30/2015 $401,122.21 $2,470,191.79 $1,528,743.96 $524,916.99 $4,924,974.95 Fees Collected: 7/1/2015-6/30/2016 - 957,165.24 505,129.79 20,240.00 1,482,535.03 Interest 7/1/2015 - 6/30/2016 3,655.17 23,786.66 18,925.57 2,884.96 49,252.36 (Less: 2015-16 Expenditures) Traffic Improvements - (625,480.76) - (139,321.36) (764,802.12) Retirement of Impact Fee Obligations - - - Ending Balance 6/30/2016 $404,777.38 $2,825,662.93 $2,052,799.32 $408,720.59 $5,691,960.22 PASS-THROUGH FREEWAY INTERCHANGE & BART GARAGE GRAND TOTAL TRAFFIC FEES (Pass-Through+ "A" + "B") Ending Available 6/30/2015 - $17,260,168.45 Fees Collected: 7/1/2015-6/30/2016 $485,442.04 4,454,485.05 Interest 7/1/2015 - 6/30/2016 172,612.77 (Less: 2015-16 Expenditures) Traffic Improvements (1,097,157.95) Retirement of Impact Fee Obligations (497,297.28) Refunds Per CGC 66001(e)/(f) BART Garage Reimbursements to ACSPA (374,648.35) (374,648.35) Freeway Interchange Reimbursements - City of Pleasanton (110,793.69) (110,793.69) Ending Balance 6/30/2016 *$19,807,369.00 * Note "Pass-Through" Balance excludes Year-End Interest accrual recorded as a liability. REGIONAL/MITIGATION TRAFFIC IMPACT FEES LOCAL TRAFFIC IMPACT FEES 9 SECTION 5A CITY OF DUBLIN CAPITAL IMPACT FEE REPORT 2015-16 DETAIL OF TRAFFIC MITIGATION CONTRIBUTIONS (From July 1, 2015 - June 30, 2016) 4309.41003 4309.41004 4309.41008 Scarlett Extension Parallel Rd Dublin Blvd. Dougherty/Dublin Blvd St. Patrick Way Sierra Dougherty CIP PROJECT #096840 (prior System)st0494 st1012 Ending Available 6/30/2015 $121,691.96 $37,762.63 $301,223.71 Fees Collected: 7/1/2015-6/30/2016 Interest 7/1/2015 - 6/30/2016 661.71 205.34 1,637.93 Less 2015-16 Expenditures (33,666.23) (105,655.13) Refunds Per CGC 66001(e)/(f) Ending Balance 6/30/2016 $122,353.67 $4,301.74 $197,206.51 4309.41009 4309.41016 Sybase Dougherty Traffic Signal & AVB Traffic GRAND TOTAL CIP PROJECT #Not Yet Assigned Not Yet Assigned Ending Available 6/30/2015 $64,238.69 $524,916.99 Fees Collected: 7/1/2015-6/30/2016 - 20,240.00 20,240.00 Interest 7/1/2015 - 6/30/2016 349.30 30.68 2,884.96 Less 2015-16 Expenditures (139,321.36) Refunds Per CGC 66001(e)/(f)- Ending Balance 6/30/2016 $64,587.99 $20,270.68 $408,720.59 10 SECTION 6 CITY OF DUBLIN IMPACT FEE REPORT SCHEDULE OF FUNDING FOR PUBLIC IMPROVEMENTS & PERCENTAGE DEVELOPER FEES LISTING OF ACCOUNTS WITH ACTIVITY JULY 1, 2015 to JUNE 30, 2016 CIP #Project Name Fiscal Year 2015-16 Expenditures (Developer Fee Funds) Fiscal Year 2015-16 Expenditures (Other Funds) Total Project Expenditures (Fiscal Year) % From Developer Fees PUBLIC FACILITY FEES pk0105 Emerald Glen Park Rec. & Aquatic Complex $20,803,727.08 $20,803,727.08 100% pk0115 Dublin Crossing Community Park 12,361.30 30,263.90 42,625.20 29% pk0216 Sean Diamond Park 155,656.05 155,656.05 100% pk0315 Library Extension - Center for 21st Century 10,760.98 10,760.98 100% pk0414 Fallon Sports Park - Phase II 1,523,187.43 1,523,187.43 100% pk0514 Jordan Ranch Neighborhood Park 384,803.45 384,803.45 100% pk0713 Shannon Park Water Play Area 6,524.60 6,524.60 100% Ops Program Cultural Arts Needs Assessment 42,065.54 42,065.54 N/A TOTAL PUBLIC FACILITY FEE PROJECTS $22,939,086.43 $30,263.90 $22,969,350.33 100% FIRE FACILITY FEES (No active Projects. Fees collected are used to repay funds advanced). TRAFFIC IMPACT FEES (Excludes "Pass -Through" Payments - BART GARAGE & INTERCHANGE FEES) Ops Program TIF Administration EDTIF Update (EDTIF1 Fund 4301)$1,042.02 $1,042.02 Dept. Operating Budget Total $1,042.02 $1,042.02 N/A Non-Departmental- Credit Pmts EDTIF Cat1 (Fund 4301) Pmts reducing Credits Held $398,279.28 $398,279.28 EDTIF (Fund 4302 - Category 2)99,018.00 99,018.00 Non-Dept. Budget Total $497,297.28 $497,297.28 N/A st0494 St. Patrick Way - Regional Street to Golden Gate Specific Project Mitigation Fees (41004)$33,666.23 $33,666.23 st0494 Total $33,666.23 $33,666.23 100% st0911 Dougherty Rd Impvts Sierrra Ln To N. City Limits Dougherty Valley TIF (Fund 4305)$625,480.76 $410,440.40 $1,035,921.16 st0911 Total $625,480.76 $410,440.40 $1,035,921.16 60% st1012 Dublin Boulevard - Sierra Court to Dougherty Specific Project Mitigation Fees (41008)$105,655.13 $105,655.13 st1012 Total 105,655.13 $105,655.13 100% st0815 Amador Plaza Road Bicycle & Pedestrian Downtown TIF (Fund 4304)$326,924.62 $326,924.62 st0815 Total $326,924.62 $326,924.62 100% st0116 Tasssajara Road Realignment & Design EDTIF-Cat 1 (Fund 4301)$4,389.19 $4,389.19 st0815 Total $4,389.19 $4,389.19 100% TOTAL TRAFFIC IMPACT FEE PROJECTS $1,594,455.23 $410,440.40 $2,004,895.63 80% ATTACHMENT 2 RESOLUTION NO. XX - 16 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * MAKING FINDINGS REGARDING UNEXPENDED TRAFFIC MITIGATION CONTRIBUTIONS FOR FISCAL YEAR 2015-16 WHEREAS, the City has collected contributions for 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 2016-2021 Five Year Capital Improvement Program and include the improvements described below: Source of Fee Unexpended Developer Fees as of June 30, 2016 1. Project Specific Mitigation: Central Parkway & Sybase Drive Traffic Signal $55,500.00 2. Project Specific Mitigation: Scarlett Drive Extension Between Dublin Blvd and Dougherty Road (Future Project) $28,801.83 WHEREAS, the two fees and their associated projects described in the recital above are referred to as the "Two 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 which have been collected for the Two Traffic Improvements will remain unexpended after Fiscal Year 2015-16. B. The contributions which have been collected for the Two Traffic Improvements will remain committed for construction of the improvements identified in the adopted Capital Improvement Program. C. The purpose for which the contributions will be used is construction of the Two Traffic Improvements, as described above and in the 2016-2021 Capital Improvement Program. D. The contributions were collected to make the Two Traffic Improvements, which improvements will mitigate traffic impacts caused by the new developmen t projects which paid the fees. E. The contributions which have been collected for the Two Traffic Improvements are needed for construction of the Two Traffic Improvements. PASSED, APPROVED, AND ADOPTED this 20th day of December 2016, by the following vote: AYES: NOES: ABSENT: ABSTAIN: ____________________________ Mayor ATTEST: ___________________________ City Clerk