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HomeMy WebLinkAboutReso 140-22 Making Findings Regarding Unexpended Traffic Impact Fees for Fiscal Year 2021-22RESOLUTION NO. 140 - 22 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN MAKING FINDINGS REGARDING UNEXPENDED TRAFFIC IMPACT FEES FOR FISCAL YEAR 2021-22 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 2022-2027 Capital Improvement Program and include the improvements described below: Source of Fee Unexpended Developer Fees as of June 30, 2022 1. Project Specific Mitigation: Central Parkway & Park Place Drive Traffic Signal $55,500 2. Eastern Dublin Transportation Impact Fee $8,165,752 3. Western Dublin Transportation Impact Fee $1,317,574 4. Dublin - Contra Costa County Traffic Impact Mitigation Fees $3,299,388 5. Tri-Valley Transportation Development Fee $2,772,121 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 2021-22. 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 2022-2027 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. 140-22, Item 4.4, Adopted 12/06/2022 Page 1 of 2 PASSED, APPROVED, AND ADOPTED this 6th day of December 2022, by the following vote: AYES: Councilmembers Hu, Josey, Kumagai, McCorriston and Mayor Hernandez NOES: ABSENT: ABSTAIN: ATTEST: DocuSigned by' VIVA& (1/16fF& B4'^c.F4OA... City Clerk DocuSigned by: Mayor Reso. No. 140-22, Item 4.4, Adopted 12/06/2022 Page 2 of 2