Loading...
HomeMy WebLinkAboutItem 4.12 DevImpactFeeDepositCITY CLERK FILE # 300-20 AGENDA STATEMENT CITY COUNCIL MEETING DATE: January 16, 2001 SUBJECT: Annual Report of Developer Impact Fee Funds Deposits: Pursuant to Government Code Sections 66001, 66006 and 66008 (AB 1600) Report Prepared by: Carole A Perry, Administrative Services Director and Fred Marsh, Finance Manager ATTACHMENTS: RECOMMENDATION: 1. Annual Report of Developer Impact Fee Funds.Deposits 2. Resolution Making Findings Regarding Unexpended Developer Deposits For Public Improvements /~Accept the reports and adopt the Resolution FINANCIAL STATEMENT: All Developer Deposits are anticipated to be utilized for the purpose for which they were originally collected. DESCRIPTION: A City is authorized under State Law to require development applicants to contribute fees toward off-site improvements, which are needed as a result of the new development. The report in Attachment 1 provides information related to the status of these funds from July 1, 1999 through June 30, 2000. Requirements of Law The law requires the City to review on an annual basis the status of development mitigation fees collected. Staff previously made available to the public a draft copy of this report on December 29, 2000. In the event that any fees remain unexpended for more than five years, the City Council must adopt a Resolution making certain findings. 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. Maior Components of Rel~ort Liability accounts have been established for each of the City's impact fees and Downtown Traffic Mitigation Contributions. The information presented in the attachments to this report identify the' status of developer contributions. The ending impact fee balances shown in this report match the amounts shown on the City Financial Records and reported in the City's Comprehensive Annual Financial Report for Fiscal Year 1999-2000. Section #1 of Attachment 1 contains an outline of the various disclosure requirements relating to impact fees and shows which attachments contain the required information. Section #2 of Attachment 1 identifies those contributions which have remained unexpended for more than five years, discussed and summarized by project below: COPIES TO: GAImpact Fees'~Ab 1600 - Impact FeesXFY 9900x, AGENDA.DOC ITEM NO. Project Name St. Patrick Way - Regional to Golden Gate Dougherty Road - Noah of Amador Valley Boulevard Village Parkway Traffic Signals Unexpended Developer Deposit Balances as of June 30, 2000 $73,258 $8,245 $34,142 Section #3 of Attachment 1 contains a breakdown of the accounts as of June 30, 2000. In 1999-2000, interest was allocated to the impact fee funds based upon the average month end cash balances in each fund. Section #4 of Attachment 1 was prepared in order to meet the disclosure requirements under section 66006 of the California Government Code. This section of the law requires that the report shows the percentage of the costs of each public improvement that will be funded by impact fees as compared to other funding sources. Pronosed Resolution Makinff Necessary. Findings In order to retain funds longer than five years certain findings must be made by the City Council. 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 discussed earlier in the report, to fund the projects for which they were collected. Staff would recommend that the City Council accept the attached reports and adopt the attached Resolution (Attachment 2). City of Dublin Annual Report of Developer Impact Fee Funds Deposits For the Year Ended June 30, 2000 ATTACHMENT 1 IMPACT FEE DISCLOSURE REQUIREMENTS Government Code Section 66006 (b) (A) 66006 (b) (B) 66006 (b) (C) 66006 (b) (D) 66006 (b) (E) 66006 (b) (G) 66006 (b) (H) Requirement Provide the following: 1. A brief description of each of the City's impact fees. 2. The amount charged for the City's impact fees. 3. The beginning and ending balance for the City's impact fee accounts. 4. The amount of fees collected and interest earned. 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. 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 fired will receive on the loan. The amount of refunds made pursuant to subdivision (e) of Section 66001 and any allocations pursuant to subdivision (f) of Section 66001. At the time the local agency imposes a fee for public improvements on a specific development project, it shall identify the public improvement that the fee will be used to finance. A determination that there is a reasonable relationship between the fees' use and the type of development project on which the fee is imposed. 10. A determination that there is a reasonable relationship between the need for the public facility and the type of.project on which the fee is imposed. See Disclosure At Section 2, Part A Section 2, Part B Section 3 Section 3 Sections 3 and 4 Section 2, Part C Section 3 Section 2, Part B Section 2, Part B Section 2, Part B G:Xlmpact VeesXAb1600 - Impact VeesXFY 9900\OUTLINE.DOC ATTACHMENT 1, SECTION 1 IMPACT FEE DISCLOSURE REQUIREMENTS Government Code Section 66001 (d) (1) 66001 (d) (2) b. 66001 (d) (3) c. 66001 (d) (4) d. 66006 (b) (1) (V) e. Requirement 11. 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. a. Identify the purpose to which the fee is to be used for. Demonstrate a reasonable relationship between the fee and the purpose for which it is to be charged. Identify all sources and amounts of funding anticipated to complete financing' in incomplete improvements. 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. When sufficient funds have been collected, the agency shall identify, within 180 days of the determination that sufficient ~mds have been collected, an approximate date by which the construction of the public improvements will commence. See Disclosure At Section 2, Part D and attached Resolution for items a-e below. G:\Impact FeesXAbl600- Impact VeesWY 9900\OUTLINE.DOC ATTACHMENT 1, SECTION 1 DISCLOSURES RELATING TO THE CITY'S 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 Downtown Traffic Mitigation Contributions Public Facilities Impact Fees Park Dedication Fees Fire Impact Fees Tri Valley Transportation Development Fees Freeway Interchange Fees Noise Mitigation Fees Dublin - Contra Costa Traffic Impact Mitigation Fees. These impact fees were established to pay for the design, development and construction of projects for streets, public facilities, parks, fire capital expansion projects and noise mitigation. 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. City Council has adopted and imposed the subject fees through the passage of the following resolutions: Impact Fee Eastern Dublin Traffic Impact Fees Public Facility Impact Fees Park Dedication Fees Fire Impact Fees Tri Valley Transportation Development Fees Pleasanton Interchange Fees Noise Mitigation Fees Dublin - Contra Mitigation Fees. Costa Traffic Impact Resolution / Ordinance Resolution 225-99 Resolution 60-99 Chapter 9.28 Dublin Municipal Code Resolution 37-97 amended by Resolution 208-00 Resolution 89-98 amended by Resolution 85-99 Resolution 11-96 amended by Resolution 155-98 Resolution 33-96 Resolution 74-00 and Contra Costa County Ordinance No. 2000-24 G:XImpact FeesXAbl600 - Impact FeesXFY 9900\disclosures on impact fees. DOC ATTACHMENT 1 SECTION 2 The studies 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 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. C. INTERFUND LOANS AND TRANSFERS OF IMPACT FEES No interfund loans or transfers of impact fees are outstanding and none were made during Fiscal Year 1999-2000. D. 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 had 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 in its impact fee funds and has determined that there are three projects involving the use of Downtown Traffic Mitigation Contributions which continue to hold funds for more than five years. The Projects are accounted for in the adopted City of Dublin Five Year Capital Improvement Program 2000 - 2005. In accordance with State Law the City Council has previously adopted Resolution #232-99 on 12/21/99 declaring the need to continue to maintain the funds related to Projects 96560, 96850 and 96870 in order to complete the intended projects. Details related to the three projects and fimds held for more than five years are identified below: PROJECT 96560 - TRAFFIC SIGNALS - VILLAGE PARKWAY AT BRIGHTON DRIVE, TAMARACK DRIVE AND DAVONA DRIVE Amount Collected in Fiscal Years 1994 and 1995 subject to 5 Year Limitation: $34,142 Project Cost As Identified In CIP: $446,213 Description of Project This project would provide for the installation of three traffic signals at the intersections of Village Parkway with Brighton Drive, Tamarack Drive and Davona Drive. These signals would be interconnected to the other existing traffic signals on Village Parkway south of this project. A traffic study conducted during Fiscal Year 1983-1984 found that these signals were wan'anted. The warrants were reviewed again this year by the City's traffic engineering consultant and were found to still be justified. To properly coordinate traffic flow, the consultant is recommending that all three signals be installed at the same time. Source of Fundin~ General Fund, Federal ISTEA Grant, Local Measure B monies Contributions. and Downtown Traffic Mitigation Approximate Project Completion Dates This project is scheduled to be completed in Fiscal Year 2000-2001. PROJECT 96850 DOUGHERTY RD NORTH OF AMADOR VALLEY BLVD. TO NORTH OF HOUSTON PLACE Amount Collected in Fiscal Year 1990 Subject to 5 Year Limitation: Project Cost As Identified lh CIP: $8,245 $4,449,583 Description of Project This project consists of two phases. The first phase widened the travel lanes by removing existing dirt medians on Dougherty Road and replacing them with new pavement. This completed the ultimate pavement improvements for southbound traffic for this segment of Dougherty Road. A second phase of this project will widen Dougherty Road from four to six lanes and will include landscaped medians. The first phase of this project allowed the two southbound lanes to move away from the westerly curb, thus improving intersection sight distance and providing an area along the curb for bus stops, emergency parking and on-street bicyclists. The City also overlayed this segment of Dougherty Road, including a portion of DoUgherty Road north of Amador Valley Boulevard. Source of Funding Federal ISTEA Grant, Local Measure B monies, State Gas Taxes, State SB 300 Grant, and Downtown Traffic Mitigation Contributions. Approximate Project Completion Dates It is estimated that the timing of the complete contributions will be beyond Fiscal Year 2004/2005. It is possible that phases based upon available funding could begin at an earlier date. 3. ST. PATRICK WAY - REGIONAL STREET TO GOLDEN GATE DRIVE 96870 Amount Collected in Fiscal Years 1994 and 1995 Subject to 5 Year Limitation: $73,258 Project Cost As Identified In CIP: $4,384,055 Description of Project This project will construct a 2-lane roadway between Golden Gate Drive and Regional Street south of and parallel to Dublin Boulevard., The need for a connector road for three long commercial cul-de-sacs was identified in the City's Downtown Study. This need will become more apparent as this portion of the Central Business District develops further and the proposed BART parking lot is constructed along Golden Gate Drive. The section of Saint Patrick Way between Amador Plaza Road and Golden Gate Drive was constructed by the Alameda County Transportation Authority (ACTA) as part of the 1-580/I- 680 Interchange Improvements. Source of Funding Downtown Traffic Mitigation Contributions, BART mitigation ~mds, and developer mitigation improvements Approximate Project Completion Dates It is estimated that the timing of the complete contributions will be beyond Fiscal Year 2004/2005. It is possible that phases based upon available funding could begin at an earlier date. E. REFUNDS No refunds have been made pursuant to Section 66001(e), nor have allocations been made pursuant to section 66001(f). See Attachment 1, Section 3 for additional details. CITY OF DUBLIN CAPITAL IMPACT FEE REPORT 199912000 Prepared December 2000 and Detailing Activity From July 1, 1999 - June 30, 2000 EASTERN DUBLIN PUBLIC PARK TRAFFIC FACILITIES DEDICATION IMPACT FEES IMPACT FEES FEES Subobjects 23-25, 30-31,40,43 Object No. '331 Object 331 & 432 Balance Available 7/1/99 Fees Collected: 7/1/99-6/30/00 Interest 7/1/99 - 6/30/00 Less 1999/00 Expenditures Civic Center Library (93450) Civic Center Modification Phase I (93910) Emerald Glen Park- Phase 1 (95600) Heritage Center Improvements (95540) Emerald Park Fire Station (93510) Traffic Improvements (Various Project Nos) Refunds Per CGC 66001 (e)/(f) Ending Balance 6/30/00 $2,257,217.33 $4,460,649.14 $2,083,533.80 9,292,425.65 3,934,352.96 323,817.40 360,448.04 122,757.15 80,669.44 (1,933,279.00) $9,976,812.02 (338, 147.92) (1,49e,599.49) (3,825,240.33) $2,855,771.51 (2,066,400.00) (1,079.04) $420,541.60 FIRE IMPACT FEES Object No. 331-028 $831,987.22 330,617.63 53,048.76 (22,893.26) $1,192,760.35 Balance Available 7/1/99 Fees Collected: 711199-6130/00 Interest 7/1/99 - 6/30/00 Less 1999/00 Expenditures Regional Traffic Improvements Freeway Interchange Reimbursements Refunds Per CGC 66001 (e)/(f) Ending Balance 6/30/00 TRI VALLEY TRANSPORTATION DEVELOPMENT FEES Object 331-0032 $582,798.72 1,863,636.72 27,126.96 (1,540,679.06) $932,883.34 FREEWAY INTERCHANGE FEES Object 331-0022 $24,378.56 622,569.94 (637,454.82) $9,493.68 NOISE MITIGATION FEES Object 331-0026 $74.95 8,904.96 335.63 $9,315~54 DUBLIN - CONTRA COSTA TRAFFIC IMPACT MITIGATION FEES O~ect331-0044 104,560.25 ~.3,131.64 $107,691.89 Date Printed: 12/21/00 3:36 PM Filename: g:\impactfee\ab1600~annual activity report.xls ATTACHMENT 1 SECTION 3 _J CITY OF DUBLIN CAPITAL IMPACT FEE REPORT 1999/2000 DETAIL OF DOWNTOWN TRAFFIC MITIGATION CONTRIBUTIONS Prepared December 2000 and Detailing Activity From July 1, 1999 - June 30, 2000 CIP PROJECT # Balance Available 7/1/99 Fees Collected: 7/1/99-6/30/00 Interest 7/1/99 - 6/30/00 Less 1999/00 Expenditures Refunds Per CGC 66001 (e)/(f) Ending Balance 6/30/00 (a) CIP PROJECT # Balance Available 7/1/99 Fees Collected: 7/1/99-6/30/00 Interest 7/1/99 - 6/30/00 Less 1999/00 Expenditures Refunds Per CGC 66001(e)/(f) Ending Balance 6/30/00 (a) DOWNTOWN TRAFFIC MITIGATION CONTRIBUTIONS 331-0005 331-0006 331-0007 3~1-0008 331-0010 331-0011 Doughedy Rd Scarlett Extension Parallel Rd Dougherty Rd Village Pkwy Dublin Blvd improvements Dc~ugherty/Dublin Blvd St. Patrick Way n/o AVB Signals Sierra-Clark 96550 96860 96870 96850 96560 96920 521,894.65 204,545.47 200,531.39 215, 128.63 101,065.19 85,840.45 2,74.1.68 49,209.15 5,090.08 1,617.20 2,920.35 15,712.53 2,871.80 7,479.69 6,595.54 2,871.80 912.38 (108,662.72) (6,800.00) (58,295.03) 540,348.86 98,754.55 257,220.23 226,814.25 98,754.19 31,378.15 DOWNTOWN TRAFFIC MITIGATION CONTRIBUTIONS 331-00'j 3 331-001,~ 331-0027 331-0029 Dougherty Dublin/Silvergate Dublin Blvd. AVB Bike Lane Houston Place Impvts Sierra Dghty Stagecoach 96850 96010 96930 96070 6,469.50 578,780.59 77,598.88 25,928.40 7,066.23 8,650.69 17,222.48 529.24 405..35 1,030.01 2,839.94 792.23 (553,040.95) 13,941.08 35,420.34 97,661.30 27~249.87 331-0012 Downtown TIF Study 96850 0.00 1,106.79 33,29 1,140.08 P~inted: 12./21/0012:01 PM Filename: g:~mpactfee\ebl6OO\ennual ectivffy report, xfs ATTACHMENT 1 SECTION 3 Fire Impact Fee Fuml Emerald Park Fire Station Expense Developer Fees Exp~nse Other Funds Total for Project SCHEDULE OF FUNDING FOR PUBLIC IMPROVEMENTS FIRE, PARK DEDICATION AND PUBLIC FACILITIES IMPACT FEES LISTING OF ACCOUNTS WITH ACTIVITY IN FISCAL YEAR 1999/2000 Prior Years Current Year % Developer Project Expenditures Project Expenditures Fee Funded All Funds All Funds Project to Date Thru 6/30/99 Fiscal Year 1999/00 TOTAL Expenditures Budgeted CIP/Operating Project Expenditures All Funds 7/1/2000 - 6/30/2005* Grand Projected Total per 5 Year CIP $0.00 $22,893.26 $22,893.26 100% $0.00 $0.00 $0.00 $0.00 $22,893.26 $22,893.26 100% $3,265,609.00 $0.00 $3,265,609.00 $3,288,502.26 $0.00 $3,288,502.26 % Developer Fee Funded for Projected Total Expenditures 100% 100% Public Facilities Impact Fee Fund Civic Center Modification Design Services & Construction Expense Developer Fe~s Expense Other Funds Total for Project Civic Center Library Expense Developer Fees Expense Other Funds Total for Project Emerald Glen Park Phase 1 Expense Developer Fees Expense Other Funds Total for Project $135,149.33 $0.00 $135,149.33 $1,498,599.49 $1,633,748.82 81% $375,603.00 $375,603.00 $1,874,202.49 $2,009,351.82 81% $0.00 $338,147.92 $338,147.92 100% $0.00 $0.00 $0.00 $0.00 $338,147.92 $338,147.92 100% $1,024,532.90 $0.00 $1,024,532.90 $3,825,240.33 $4,849,773.23 100% $8,988.00 $8,988.00 $3,834,228.33 $4,858,761.23 100% $1,705,795.00 $41,846.00 $1,747,641.00 $3,339,543.82 $417,449.00 $3,756,992.82 $11,045,953.00 $2,936,578.00 $13,982,531.00 $11,384,100.92 $2,936,578.00 $14,320,678.92 $9,658,312.00 $9,658,312.00 $14,508,085.23 $8,988.00 $14,517,073.23 89% 11% 100% 79% 21% 100% 100% 100% Park Dedication Impact Fee Fund Heritage Center Improvements Expense Developer Fees Expense Other Funds Total for Project $157,112.33 $o.o6 $157,112.33 $1,079.04 $158,191.37 100% $0.00 $0.00 $1,079.04 $158,191.37 100% Emerald Glen Park Phase 1 Expense Developer Fees $0.00 Expense Other Funds $0.00 Total for Project $0.00 $2,066,400.00 $2,066,400.00 100% $0.00 $0.00 $2,066,400.00 $2,066,400.00 100% * Includes projected future costs that are not anticipated to be funded within the next five Fiscal Years. $158,191.37 $0.00 $0.00 $158,191.37 100% 0% 100% $6,487,010.00 $0.00 $6,487,610.00 $8,553,410.00 $0.00 $8,553,410.00 100% 100% ATTACHMENT 1 SECTION 4 SCHEDULE OF FUNDING FOR PUBLIC IMPROVEMENTS TRAFFIC IMPACT FEES AND DOWNTOWN TRAFFIC MITIGATION CONTRIBUTIONS LISTING OF ACCOUNTS WITH ACTIVITY IN FISCAL YEAR 1999/2000 Dept No Project Name East Dublin Traffic Imoact Fees Project Costs 96380 96400 96410 96420 96430 96890 96650 95600 I580 / San Ramon Rd Interchange E. Dublin Arterial Improvements I580 / Hacienda Interchange I580 / Tassajara Road Interchange I580 / Fallon Road Interchange Dublin Blvd - Dougherty/Scarlett Eastern Dublin Street ROW Acquisition Emerald Glen Park Street ROW Total Expense Developer Fees Prior Years Current Year % Developer Budgeted CIP Project Expenditures Project Expenditures Fee Funded Project Expenditures All Funds All Funds Project to Date All Funds Thru 6/30/99 Fiscal Year 1999/00 TOTAL Expenditur~ 7/1/2000 - 6/30/2005* $51,001.62 $51,001.62 $77,050,806.00 $48,834.35 $48,834.35 $1,299,416.00 $143,416.49 $917,037.01 $1,060,453.50 $10,691,542.00 $210,632.35 $571,105.18 $781,737.53 $13,057,091.00 $112,197.09 $112,197.09 $2,169,863.00 $9,390.56 $69,128.75 $78,519.31 $4,470,058.00 $164;465.00 $164,465.00 $363,439.40 $1,933,769.00 $2,297,208.40 100% $108,738,776.00 $363,439.40 $1,933,769.00 $2,297,208.40 100% $108,738,776.00 Total for Projects Downtown Traffic Mitigation Project Costs 96010 Dublin / Silvergate Improvements 96560 Traffic Signals - Village Parkway 96850 Dougherty Rd Improvements N/O AVB 96920 Dublin Blvd- Village Parkway to Sierra Court Total Expense Developer Fees $178,205.89 $553,040.95 $731,246.84 $1,450,000.00 $129.69 $6,800.00 $6,929.69 $106,000.00 $14,005.89 $14,005.89 $3,875,217.00 '$0.00 $112,197.09 $112,197.09 $47,300.00 $192,341.47 $672,038.04 $864,379.51 60% $5,478,517.00 96560 96850 96920 Traffic Signals - Village Parkway Dougherty Rd Improvements N/O AVB Dublin Blvd- Village Parkway to Sierra Court Total Expense Other Funds Total for Projects $9,083.00 $32,538.52 $41,621.52 $305,000.00 $524,996.73 $524,996.73 $0.00 $0.00 $0.00 $2,417,114.00 $534,079.73 $32,538.52 $566,618.25 40% $2,722,114.00 $726,421.20 $704,576.56 $1,430,997.76 t00% $8,200,631.00 T-ri Valley Transportation Fees Project Costs Regional Transportation Projects Expense Developer Fees Expense Other Funds Total for Project $518,253.55 $1,540,679.06- $2,058,932.61 100% $18,741,067.00 $0:00 $0.00 $0.00 $0.00 $0.00 $1,540,679.06 $2,058,932.61 100% $18,741,067.00 1580 / San Ramon Rd Interchange Expense Developer Fees Expense Other Funds Total for Project $0.00 $46,405.53 $46,405.53 55% $1,545,700.00 $37,595.94 $37,595.94 45% $71,450.00 $84,001.47 ~84,001.47 55% $1,617,150.00 * Includes projected future costs that are not anticipated to be funded within the next five Fiscal Years. Grand Projected Total per 5 Year CIP % Developer Fee Funded for Projected Total Expenditures $77,101,807.62 $1,348,250.35 $11,751,995.50 $13,838,828.53 $2,282,060.09 $4,548,577.31 $164,465.00 $111,035,984.40 $111,035,984.40 100% 100%: $2,181,246.84 $112,929.69 $3,889,222.89 $159,497.09 $6,342,876.51 $346,621.52 $524,996.73 $2,417,114.00 $3,288,732.25 $9,631,628.76 66% 34% 100% $20,799,999.61 $0.00 $20,799,999.61 100% 100% $1,592,105.53 $109,045.94 $1,701,151.47 94% 6% 100% ATTACHMENT 1 SECTION 4 RESOLUTION NO. -01 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN MAKING FINDINGS REGARDING UNEXPENDED DOWNTOWN TRAFFIC MITIGATION CONTRIBUTIONS FOR FISCAL YEAR 1999-2000 Recital The City has collected contributions 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 2000-2005 Capital Improvement Program and include the improvements described below: Project Name St. Patrick Way - Regional to Golden Gate Dougherty Road - North of Amador Valley Boulevard Village Parkway Traffic Signals Unexpended Developer Deposit Balances as of June 30, 2000 $73,258 $8,245 $34,142 2. The three projects described in the recital above are referred to as the "Three Traffic Improvements." Findings The Council finds,' on the basis of the foregoing Recitals, that: The contributions which have been collected for the Three Traffic Improvements will remain unexpended in Fiscal Year 1999-2000; The contributions which have been collected for the Three Traffic Improvements will remain committed for construction of the improvements identified in the adopted Capital Improvement Program; The purpose for which the contributions will be used is construction of the Three Traffic Improvements, as described above and in the 2000 - 2005 Capital Improvement Program; The contributions were collected to make the Three Traffic Improvements, which improvements will mitigate traffic impacts .caused by the new development projects which paid the contributions; and The contributions which have been collected for the Three Traffic Improvements are needed for construction of the Three Traffic Improvements. ATTACHMENT 2 PASSED, APPROVED, AND ADOPTED THIS 16th day of January 2001: AYES: NOES: ABSENT: ABSTAIN: City Clerk G:XImpact FeesXAbl600 - Impact FeesXFY 9900Xresolution version 2.doe Mayor