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Home My WebLink About4.07 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) ; .;~" , .i,,:,$~:~,~,",:_l;;;ij,{;k)~:'?~':"j~'~<~:;;.:c'_~):',' ~ ,:~ >c' .",?;'1~ ~,~ :',..:,:- .; ~:;,;},...;; e e 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 4~1 CITY CLERK FILE ~ '. C,' :Y'~-".~~~:,-<. ~.:;;~'.:~}i":::f'i;efo)'(.i~{"",'0.;':">-"..~\'~ '~r:.':;i:: j:!;'frf-~>"t::-.;;:(.,;;.:~'~,_ )~;:\ - e 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 e 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 e e 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 t. 'X HrfSIT d-. e e 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. ... .. .. e e 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