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HomeMy WebLinkAboutReso 130-19 Making Findings Regarding Unexpended Traffic Impact Fees For Fiscal Year 2018-19RESOLUTION NO. 130 -19 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN *********** MAKING FINDINGS REGARDING UNEXPENDED TRAFFIC IMPACT FEES FOR FISCAL YEAR 2018-19 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 Capital Improvement Program and include the improvements described below: Unexpended Developer Fees as Source of Fee of June 30, 2019 1. Project Specific Mitigation: $55,500 Central Parkway & Park Place Drive Traffic Signal 2. Eastern Dublin Traffic Impact Fee Category 1: $1,665,873 Eastern Dublin traffic improvements 3. Western Dublin Transportation Impact Fee $288,714 4. Tri-Valley Transport. Development Fee $933,984 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 2018-19. 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. Reso No. 130-19, Adopted 12/17/19, Item No. 4.3 Page 1 of 2 PASSED, APPROVED AND ADOPTED this 17th day of December, 2019, by the following vote: AYES: NOES: ABSENT: ABSTAIN: ATTEST: Councilmembers Goel, Hernandez, Josey, Kumagai and Mayor Haubert None None None City Clerk ,'�j �' ' lk Mayor Reso No. 130-19, Adopted 12/17/19, Item No. 4.3 Page 2 of 2