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HomeMy WebLinkAbout4.4 - 2344 AB 1600 Report ,LorDpe lllr��l l 19 =ir)82 STAFF REPORT CITY COUNCIL DATE: December 18, 2018 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/Buc 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 2017-18. 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, adopt the Resolution Making Findings Regarding Unexpended Traffic Impact Fees for Fiscal Year 2017-18, and approve the budget change. FINANCIAL IMPACT: The financial impacts and accounting for the Development Fees are discussed as part of the Staff Report. The recommended budget changes are funded from impact fee fund to reduce impact fee Rights to Reimbursement for Fiscal Year 2018-19. There is no impact on the General Fund. 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 new development. The City is required to disclose annually the status of funds held for this purpose. The report provides information covering the period from July 1, 2017 through June 30, 2018 (Attachment 1). Requirements of Law The law requires the City to review, on an annual basis, the status of development fees collected. The law also 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 Page 1 of 4 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. In the event 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. If 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 2017-18 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 ❑ Western Dublin Transportation Impact Fees (Downtown Traffic Impact Fees) ❑ Specific Project Mitigation Fund ❑ Public Facilities Impact 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 ❑ Dublin Crossing Transportation Fee 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 (7/1/2017 - 6/30/2018) Additions: Expenses: Fees Project Costs; Beginning Collected; Interest; Loan Ending Balance Interest Repayments; Balance Impact Fee Category (7/1/2017) Revenue Pass-Through (6/30/2018) Public Facility Fees $16,054,704.76 $12,137,496.19 ($10,021,991.18) $18,170,209.77 Fire Impact Fees $81,678.98 $150,780.15 ($88,291.00) $144,168.13 Traffic Impact Fees $25,192,276.98 $5,916,234.68 ($2,222,602.15) $28,885,909.51 TOTAL $41,328,660.72 $18,204,511.02 ($12,332,884.33) $47,200,287.41 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 capital projects to be financed, it is expected that funds will be accumulated and used based on the construction timing. During Fiscal Year 2017-18, the net balance of all funds reported increased by approximately $5.87 million which was largely attributable to Public Facility Fee and Traffic Impact Fee funds collected, utilization of Public Facility Fees to fund the construction of Emerald Glen Park Recreation and Aquatic Complex, Page 2 of 4 Sean Diamond Park, and Fallon Sports Park Phase 2, and funding the Dublin Boulevard Improvements and Dougherty Road Improvements with Traffic Impact Fees. The ending combined balance of $47.2 million is net of negative balances. A detailed accounting for each of the major categories is shown in the schedules included in Attachment 1. Funds Remaining Unexpended More Than Five 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 Fees Unspent for More Developer Than Fees Unspent Total 5 Years for Designated as of Less Than Accumulated As of Remaining Source of Fee 6/30/18 5 Years Interest 6/30/2018 Project Costs Mitigation Fund: Central Parkway & $55,500 None $9,497 $64,997 $400,000 Park Place Traffic Signal Eastern Dublin TIF 2 $436,254 $4,735,892 $253,560 $5,425,706 $4,430,646 Western Dublin TIF $72,804 $1,341,057 $113,999 $15,27,860 $860,498 Tri-Valley Transport. $560,751 $3,451,827 $213,200 $4,225,778 $4,912,258 Development Fee Proposed Resolution Making Necessary Findings To be able 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 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 City to continue to retain the fees to fund the projects for which they were collected. Right to Reimbursement As part of the Consolidated Impact Fee Administrative Guidelines, there are provisions for the City to annually evaluate impact fee balances held by the City. Staff is to evaluate possible use of funds collected to reduce Impact Fee Credits that have converted to a Right to Reimbursement (RTR). Page 3 of 4 When a developer is granted an Impact Fee Credit, the initial "credit period" is for ten years. During that time the credit can be applied against fees owed. At the end of the "credit period", a developer has an option to extend the "credit period" in perpetuity or convert to a RTR. The RTR continues for 10 years, any unpaid amount is forfeited at the end of the RTR period. The following is a summary of current impact fee RTR balances and proposed RTR disbursement amount for Fiscal Year 2018-19: Impact Fee RTR RTR FY 2018-19 I Budget Fund Balance Disbursement $ Budget Change Eastern Dublin TIF1 $168,121.26 $168,121.26 $400,000.00 $0 Eastern Dublin $33,178.08 $33,178.08 $20,000.00 $13,178.08 TIF2 Fire $1,650,378.11 $100,000.00 $100,000.00 $0 STRATEGIC PLAN INITIATIVE: None. NOTICING REQUIREMENTS/PUBLIC OUTREACH: Government Code Section 66006(b)(2) requires the report is 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 3, 2018. 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, 2018 2. Resolution Making Findings Regarding Unexpended Traffic Impact Fees for Fiscal Year 2017-18 3. Budget Change Form hris Foss,City Manager 12/11/2018 Page 4 of 4 L� 19 City of Dublin Annual Report of Developer Impact Fee Funds Deposits For the Year Ended June 30, 2018 CONTENTS SECTION INFORMATION PAGE(S) Section 1: Table of Disclosure Requirements With Cross Reference To Government Code and Location In 1-2 City of Dublin Report 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 5-7 • Refunds Section 4: 2017-18 Accounting of Impact Fees by Major Category • Public Facility Impact Fees • Fire Impact Fees 8 • Traffic Impact Fees Section 5: Detail by Fund - Traffic Impact Fees 9 Contributions Section Detail - Traffic Impact Fees (Project Specific 10 5A: Mitigation) Contributions Section 6: Schedule of Funding For Public Improvements And Percentage Funded By Developer Fees 11 Data Available to Public December 3, 2018 Presented City Council Meeting December 18, 2018 ATTACHMENT 1 SECTION 1 TABLE OF IMPACT FEE DISCLOSURE REQUIREMENTS WITH CROSS REFERENCES Government Information Found Code Section Requirement In City Report At Provide the following: 66006 (b) (A) 1. A brief description of each of the City's impact Section 2, Part A fees. 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 Section 4 and impact fee accounts. 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 Section 6 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. 66006 (b) (F) 6. An identification of an approximate date by which Section 3, Part B 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. 66006 (b) (G) 7. A description of each interfund transfer or loan Section 3, Part A 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. 66006 (b) (H) 8. The amount of refunds made pursuant to Section 3, Part C subdivision (e) of Section 66001 and any allocations pursuant to subdivision (f) of Section 66001. 1 SECTION 1 TABLE OF IMPACT FEE DISCLOSURE REQUIREMENTS WITH CROSS REFERENCES Government Information Found Code Section Requirement In City Report At 66001 (d) 9. For the fifth year following the first deposit into the Section 3, Part B and account or fund, and every five years thereafter, attached Resolution the City shall make all of the following findings for items a-e below. with respect to those portions of the impact fee remaining unexpended, whether committed or uncommitted. 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. 2 SECTION 2 DESCRIPTION OF IMPACT FEES 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 • Western Dublin Transportation Impact Fee (Downtown Traffic Impact Fee) • Public Facilities Impact Fees • Parkland Dedications • 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 Resolution 225-99 _(Includes BART Garage Pass-Through) Amended by Resolution 40-10, 111-04 Western Dublin Transportation Impact Fee Resolution 210-04 (Downtown Traffic Impact Fee) Amended by Resolutions 147-16, 47-09 Public Facility Impact Fees Resolution 32-96 Amended by Resolutions 110-17, 134-15, 45-09, 214-02, 60-99 Park Land Dedications Chapter 9.28 Dublin Municipal Code Amended by Ordinances 08-17, 08-15 Fire Impact Fees Resolution 37-97 Amended by Resolutions 111-17, 77-05 12-03, 208-00, 46-09 Tri-Valley Transportation Development Resolution 89-98 Fees Amended by Resolutions 68-15, 87-03, 85-99 Pleasanton Interchange Fees Resolution 11-96 Amended by Resolution 155-98 Dublin — Contra Costa Traffic Impact Resolution 74-00 and Contra Costa Mitigation Fees. 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 3 SECTION 2 DESCRIPTION OF IMPACT FEES 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. 4 SECTION 3 STATUS OF FUNDS 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 2017-18. 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 2017- 18 (July 1, 2017). The balances were evaluated based on "developer fees collected' separate from interest revenue. As of July 1, 2017, there was one project involving the use of Traffic Mitigation Contributions, which has 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 2018-2023. In accordance with State Law, the City Council has previously adopted Resolution #155-17 on December 19, 2017 declaring the need to continue to maintain the funds. Based on expenditures during Fiscal Year 2017-18, as of June 30, 2018, there is one project that uses Traffic Mitigation Contributions which has developer fees that continued to be held for more than five years. Eastern Dublin Traffic Impact Fee Category 2, Western Dublin Transportation Impact Fee, and Tri-Valley Transportation Development Fees also 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 & PARK PLACE (FORMERLY SYBASE DRIVE) TRAFFIC SIGNAL Unspent Developer Fees Remaining Project Costs Mitigation Source Held More Than 5 Years (Estimate) Central Parkway & Park Place Traffic Signal $55,500 $400,000 Description of Project: This project will install a traffic signal at the existing intersection of Central Parkway and Park Place (formerly 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. 5 SECTION 3 STATUS OF FUNDS 2. EASTERN DUBLIN TRAFFIC IMPACT FEE CATEGORY 2 (EDTIF2) Unspent Developer Fees Remaining Project Costs Funding Source Held More Than 5 Years as Identified in CIP EDTIF2 $436,254 $4,430,646 Description of Projects: The fee is collected for all the Eastern Dublin Traffic Impact Fee Category 2 (EDTIF2) projects contained within the Eastern Dublin Traffic Impact Fee program. Of the EDTIF2 projects that are contained within the program, five projects are complete, and two projects are currently in construction. The EDTIF2 projects in construction, as part of the adopted City of Dublin Five Year Capital Improvement Program 2018-2023, are: Dougherty Road Improvements — Sierra Lane to North City Limit (CIP No. ST0911), Dublin Boulevard Widening — Sierra Court to Dublin Court (CIP No. ST1012). One remaining EDTIF2 project is Scarlett Drive — Dougherty Road to Dublin Boulevard Extension, which is anticipated to be completed by the developer of the Dublin Crossing project in accordance with a Development Agreement between the City and the developer. The final EDTIF2 project is Fallon Road and 1-580 Interchange Improvements, which is currently expected to be completed outside the current 5-year CIP planning horizon. Approximate Project Completion Dates: The Dougherty Road Improvements project (CIP No. ST0911) is currently under construction with an anticipated completion date of mid-2018. The Dublin Boulevard Widening project (CIP No. ST1012) is currently under construction and is anticipated to be complete in mid-2019. 3. WESTERN DUBLIN TRANSPORTATION IMPACT FEE (WDTIF) Unspent Developer Fees Remaining Project Costs Funding Source Held More Than 5 Years as Identified in CIP WDTIF $72,804 $860,498 Description of Projects: This fee is collected for all the projects contained within the Western Dublin Transportation Impact Fee (WDTIF) program, which was updated in September 2016. The WDTIF program includes nine projects. One WDTIF project is Amador Plaza Road Bicycle and Pedestrian Improvements (CIP No. ST0815). The project will widen the roadway for a new right- turn lane from southbound Amador Plaza Road to Dublin Boulevard. Approximate Protect Completion Dates: The Amador Plaza Road Bicycle and Pedestrian Improvements project (CIP No. ST0815) is in final design. Pending the necessary right-of-way acquisition from one property owner, the project is anticipated to be complete in mid-2020. 4. TRI-VALLEY TRANSPORTATION DEVELOPMENT FEES (TVTD) Unspent Developer Fees Remaining Project Costs Funding Source Held More Than 5 Years as Identified in CIP TVTD $560,751 $4,912,258 6 SECTION 3 STATUS OF FUNDS Description of Projects: This fee is collected for all projects contained within the Tri-Valley Transportation Development Fee (TVTD) program, which was established through a Joint Exercise of Powers Agreement entered on April 22, 1998, between the City of Dublin, City of Livermore, City of Pleasanton, City of San Ramon, Town of Danville, County of Alameda, and County of Contra Costa. One TVTD project is Tassajara Road Realignment and Widening — Fallon Road to North City Limit (CIP No. ST0116, TVTD Project B-8). The project will complete street improvements to Tassajara Road, north of Fallon Road. Approximate Project Completion Dates: The Tassajara Road Realignment and Widening — Fallon Road to North City Limit (CIP No. ST0116) is in preliminary design and environmental review. Pending certification of the environmental document, final design will commence. It is anticipated that construction of the project will be complete in late 2021. C. REFUNDS No refunds were made during Fiscal Year 2017-18. D. RETIREMENT OF IMPACT FEE OBLIGATIONS During Fiscal Year 2017-18, payments were made to retire Impact Fee Credit Obligations as follows: Fee Type Amount Payments to holders of Impact Fee Credits that Eastern Dublin Traffic $400,000.00 had converted to Rights to Reimbursement Impact Fee — Category 1 Reimbursement pursuant to the construction Eastern Dublin Traffic agreement for the Tassajara Interchange. Impact Fee — Category 1 $71,770.94 (Alameda County Surplus Property Authority) Payments to holders of Impact Fee Credits that Eastern Dublin Traffic $2 397 77 had converted to Rights to Reimbursement Impact Fee — Category 2 Payments to holders of Impact Fee Credits that Fire Impact Fee $81,678.00 had converted to Rights to Reimbursement TOTAL $555,846.71 7 SECTION 4 CITY OF DUBLIN CAPITAL IMPACT FEE REPORT FEES BY MAJOR CATEGORY(Activity July 1, 2017 -June 30, 2018) FIRE TRAFFIC IMPACT PUBLIC FACILITY FEES FACILITY FEES IMPACT FEES (ALL CATEGORIES) GRAND TOTAL Funds 4101-4111 Fund 4201 Funds 4301-4311 Detail In Schedule 5 Ending Available 6/30/2017 $16,054,704.76 $81,678.98 $25,192,276.98 $41,328,660.72 Fees Collected: 7/1/2017-6/30/2018 11,698,211.28 148,750.68 5,493,267.52 17,340,229.48 Interest 7/1/2017-6/30/2018 439,284.91 2,029.47 422,967.16 864,281.54 Less 2017-18 Expenditures Project Expenditures (10,021,991.18) (88,291.00) (1,018,545.01) (11,128,827.19) Interest on Loan from General Fund for _ Construction of Fire Stations Retirement of Impact Fee Obligations (474,168.71) (474,168.71) Refunds Per CGC 66001(e)/(f) - Pass Through Funds(See Schedule 5) (729,888.43) (729,888.43) Ending Balance 6/30/2018 $18,170,209.77 $144,168.13 $28,885,909.51 $47,200,287.41 8 SECTION 5 CITY OF DUBLIN CAPITAL IMPACT FEE REPORT BREAKDOWN OF TRAFFIC IMPACT FEE FUNDS(Activity July 1,2017-June 30,2018) LOCAL TRAFFIC IMPACT FEES WESTERN DUBLIN DUBLIN CROSSING SUB-TOTAL"A" EASTERN DUBLIN EASTERN DUBLIN TRANSPORTATION TRANSPORTATION TRAFFIC IMPACT CATEGORY 1 CATEGORY 2 IMPACT FEE FEE FEES Fund#4301 Fund#4302 Fund#4304 Fund#4311 Ending Available 6/30/2017 $9,395,424.15 $5,203,845.23 $1,646,662.72 $936,721.98 $17,182,654.08 Fees Collected:7/1/2017-6/30/2018 970,629.63 459,396.16 69,009.00 1,772,723.00 3,271,757.79 Interest 7/1/2017-6/30/2018 154,979.22 84,384.51 24,083.62 26,351.72 289,799.07 (Less:2017-18 Expenditures) Traffic Improvements (301,387.97) (319,522.59) (211,895.14) (832,805.70) Retirement of Impact Fee (471,770.94) (2,397.77) (474,168.71) Obligations Refunds Per CGC 66001(e)/(f) Ending Balance 6/30/2018 $9,747,874.09 $5,425,705.54 $1,527,860.20 $2,735,796.70 $19,437,236.53 REGIONAL/MITIGATION TRAFFIC IMPACT FEES DUBLIN- SPECIFIC PROJECT CATEGORY 3 CONTRA COSTA TRI-VALLEY MITIGATION FUND LOCAL COUNTY TRANSPORTATION (See 5A for SUB-TOTAL"B" REGIONAL FEES MITIGATION DEVELOPMENT FEE Breakdown) OTHER FEES Fund#4303 Fund#4305 Fund#4306 Fund#4309 Ending Available 6/30/2017 $409,262.50 $3,999,514.86 $3,413,018.00 $187,827.54 $8,009,622.90 Fees Collected:7/1/2017-6/30/2018 - 742,694.61 748,926.69 - 1,491,621.30 Interest 7/1/2017-6/30/2018 6,227.17 63,005.35 63,833.35 102.22 133,168.09 (Less:2017-18 Expenditures) Traffic Improvements - (62,805.20) - (122,934.11) (185,739.31) Retirement of Impact Fee Obligations Ending Balance 6/30/2018 $415,489.67 $4,742,409.62 $4,225,778.04 $64,995.65 $9,448,672.98 PASS-THROUGH GRAND TOTAL FREEWAY TRAFFIC FEES INTERCHANGE& (Pass-Through+ BART GARAGE "A"+"B") Ending Available 6/30/2017 - $25,192,276.98 Fees Collected:7/1/2017-6/30/2018 $729,888.43 5,493,267.52 Interest 7/1/2017-6/30/2018 422,967.16 (Less:2017-18 Expenditures) Traffic Improvements (1,018,545.01) Retirement of Impact Fee (474,168.71) Obliaations Refunds Per CGC 66001(e)/(f) BART Garage Reimbursements to ACSPA (553,908.28) (553,908.28) Freeway Interchange Reimbursements-City of (175,980.15) (175,980.15) Pleasanton Ending Balance 6/30/2018 * $28,885,909.51 *Note"Pass-Through"Balance excludes Year-End Interest accrual recorded as a liability. 9 SECTION 5A CITY OF DUBLIN CAPITAL IMPACT FEE REPORT 2017-18 DETAIL OF TRAFFIC MITIGATION CONTRIBUTIONS (From July 1, 2017 -June 30, 2018) 4309.41003 4309.41009 Scarlett Extension Park Place Dougherty/Dublin Blvd Traffic Signal GRAND TOTAL CIP PROJECT# 096840(prior System) Not Yet Assigned Ending Available 6/30/2017 $122,934.11 $64,893.44 $187,827.55 Fees Collected: 7/1/2017-6/30/2018 - Interest 7/1/2017-6/30/2018 102.21 102.21 (Less: 2017-18 Expenditures) (122,934.11) (122,934.11) Refunds Per CGC 66001(e)/(f) - Ending Balance 6/30/2018 $64,995.65 $64,995.65 10 SECTION 6 CITY OF DUBLIN IMPACT FEE REPORT SCHEDULE OF FUNDING FOR PUBLIC IMPROVEMENTS&PERCENTAGE DEVELOPER FEES LISTING OF ACCOUNTS WITH ACTIVITY JULY 1,2017 to JUNE 30, 2018 Fiscal Year 2017-18 Fiscal Year Expenditures 2017-18 Total Project %From (Developer Fee Expenditures Expenditures Developer CIP# Project Name Funds) (Other Funds) (Fiscal Year) Fees PUBLIC FACILITY FEES pk0105 Emerald Glen Park Rec.&Aquatic Complex $1,835,612.55 57,626.20 $1,893,238.75 97% pk0115 Don Biddle Community Park 4,930.54 4,930.54 100% pk0216 Sean Diamond Park 1,894,284.05 1,894,284.05 100% pk0414 Fallon Sports Park-Phase 2 4,849,239.23 452,554.01 5,301,793.24 91% pk0514 Jordan Ranch Neighborhood Park 68,523.81 68,523.81 100% Payment of Transit Center Parkland Acquisition 1,368,186.00 1,368,186.00 N/A Ops Program Public Facilities Fee Update 1,215.00 1,215.00 N/A TOTAL PUBLIC FACILITY FEE PROJECTS $10,021,991.18 $510,180.21 $10,532,171.39 95% FIRE FACILITY FEE Ops Program Fire Facilities Fee Update $6,613.00 $6,613.00 N/A Fire Impact Fee Right to Reimbursement 81,678.00 81,678.00 TOTAL FIRE FACILITY FEE EXPENDITURE $88,291.00 $88,291.00 100% TRAFFIC IMPACT FEES(Excludes"Pass-Through"Payments-BART GARAGE&INTERCHANGE FEES) Ops Program TIF Administration EDTIF Update(EDTIF1 Fund 4301) $35,068.81 $35,068.81 Dept.Operating Budget Total $35,068.81 $35,068.81 N/A Non-Departmental-Credit Pmts&Pass Through EDTIF Cat1 (Fund 4301)Pmts reducing Credits Held $471,770.94 $471,770.94 EDTIF(Fund 4302-Category 2) 17,422.41 17,422.41 Non-Dept.Budget Total $489,193.35 $489,193.35 N/A st0815 Amador Plaza Road Bicycle&Pedestrian Improve Western Dublin TIF(4304) $211,895.14 $211,895.14 st0815Total $211,895.14 $211,895.14 100% st0911 Dougherty Rd Impvts Sierra Ln To N.City Limits Dougherty Valley TIF(Fund 4305) $62,805.20 Mitigation Contributions(Fund 4309) 122,934.11 st0911 Total $185,739.31 $7,239,165.17 $7,424,904.48 3% st1012 Dublin Boulevard-Sierra Court to Dougherty EDTIF(Fund 4302-Category 2) st1012 Total $1,919,374.89 st0216 Dublin Blvd Extension EDTIF-Cat 1 (Fund 4301) $266,319.16 st0216 Total $266,319.16 $186,604.58 $452,923.74 59% TOTAL TRAFFIC IMPACT FEE PROJECTS $1,188,215.77 $7,425,769.75 $10,533,360.41 11% 11 RESOLUTION NO. XX - 18 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * MAKING FINDINGS REGARDING UNEXPENDED TRAFFIC IMPACT FEES FOR FISCAL YEAR 2017-18 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 2018-2023 Five Year Capital Improvement Program and include the improvements described below: Unexpended Developer Fees as Source of Fee of June 30, 2018 1. Project Specific Mitigation: $55,500.00 Central Parkway & Park Place Drive Traffic Signal 2. Eastern Dublin Traffic Impact Fee Category 2: Eastern Dublin traffic improvements $436,254.36 3. Western Dublin Transportation Impact Fee $72,803.82 4. Tri-Valley Transport. Development Fee 560,751.05 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 2017-18. B. The contributions and fees which have been collected for the Traffic Improvements will remain committed for construction of the improvements identified in the adopted 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 2018-2023 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 projects 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. ATTACHMENT 2 PASSED, APPROVED, AND ADOPTED this 18th day of December 2018, by the following vote: AYES: NOES: ABSENT: ABSTAIN: Mayor ATTEST: City Clerk CITY OF DUBLIN FISCAL YEAR 2018-19 BUDGET CHANGE FORM Budget Change Reference#: City Council's Approval Required From Un-Appropriated Reserves X Budget Transfer Between Funds From Designated Reserves Other Account Amount Account Amount EDTIF2- Non-Dept- Impact Fee Obligation 4302.1901.86101 $13,178.08 REASON FOR BUDGET CHANGE Right to Reimbursement for EDTIF2 As Presented at the City Council Meeting 12/18/2018 **********Finance Use Only********** Posted By: Date: ATTACHMENT 3