Title:
Title
Citywide Transportation Development Impact Fee Annual Report for the Year Ending June 30, 2018 [Published 01/22/2019]
End
FileID
File ID: 2019-00132
Location
Location: Citywide
Recommendation:
Recommendation
Pass a Motion to receive and file the Citywide Transportation Development Impact Fee Annual Report for the Year Ending June 30, 2018.
Contact: April Lu, Supervising Financial Analyst, (916) 808-2680; Lucinda Willcox, Program Manager, (916) 808-5052, Department of Public Works.
Body
Presenter: None
Attachments:
1-Description/Analysis
2-Exhibit A (Citywide Transportation Impact Fee Annual Report)
Description/Analysis
Issue Detail: The Mitigation Fee Act (California Government Code Section 66000 et. seq., hereafter the "Act") and City Code section 18.156.150 mandate an annual report be prepared regarding development impact fees charged by the City and made available to the public. The Citywide Transportation Development Impact Fee Annual Report for the Year Ending June 30, 2018 (attached as Exhibit A) fulfills the annual reporting requirement for the Citywide Transportation Development Impact Fee.
The report presents the following information as required by the Act and City Code:
* A brief description of the type of fee in the account or fund
* The amount of the fee
* The beginning and ending balance of the account or fund
* The amount of the 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 by the fees
* An identification of an approximate date by which 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
* A description of each interfund transfer or loan made from the account or fund, includin...
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