For City Council Meeting [April 24, 2018]
TO: Honorable Mayor and City Council
APPROVAL: Robb R. Steel, Interim City Administrator
Title
Request City Council to Adopt Resolution No. 7320 Approving Fiscal Year 2016/17 AB 1600 Development Impact Fee Report and Making Certain Findings.
Body
BACKGROUND:
In accordance with AB 1600 (codified in Government Code ? 66000 et seq. and identified as the "Mitigation Fee Act"), the City imposes development impact fees on new development in order to finance various public improvements mitigating the impact of new development on the community. The City deposits development impact fees into special revenue accounts for each improvement category funded by the development impact fees. California Government Code Section 66006 requires each local agency that imposes development impact fees to prepare an annual report providing specific information regarding the collection and expenditure of the fees (the "AB 1600 Report").
California Government Code Section 66006(b) requires that, for each separate fund, the local agency shall publish the following information for each fiscal year:
* 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 expenditures on each improvement, including the total percentage of the cost of the public improvement that was funded with 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, including the public improvement on which the transferred or loaned fees will be expended, and in...
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