HomeMy WebLinkAboutRESO 98161
016 Yang\20181101 RESO Unspent Impact Fees
Resolution No. 9816
Resolution of the Council of the City of Palo Alto Making Findings
Regarding Continuing Need for Unexpended Stanford Research Park/El
Camino Transportation Impact Fees in the Amount of $1,376,491;
and San Antonio/West Bayshore Area Traffic Impact Fees in the Amount
of $828,208.
R E C I T A L S
A. Government Code Section 66001(d) requires the City to make certain findings
with respect to development impact fees collected which remain unexpended or
uncommitted five of more fiscal years after deposit of such fees; and
B. As authorized under Chapter 16.45 of the Palo Alto Municipal Code, the City has
collected a development fee known as the Stanford Research Park/El Camino
Transportation Impact Fee for the purpose of funding capacity improvements at the
intersections identified in that Chapter; and
C. The sum of $1,376,491 represents fees collected pursuant to Chapter 16.58 that
remain unexpended five or more years after deposit of the fees, together with accrued
interest thereon unexpended Stanford Research Park/El Camino TIF fund ); and
D. As authorized under Chapter 16.46 of the Palo Alto Municipal Code, the City has
San Antonio/West Bayshore Traffic Impact Fee
for the purpose of funding capital expenditures needed to provide operational
improvements at certain intersections identified in that Chapter; and
E. The sum of $828,208 represents fees collected pursuant to Chapter 16.46 that
remain unexpended five or more years after deposit of the fees, together with accrued
interest thereon unexpended San Antonio/West Bayshore TIF funds
The Council of the City of Palo Alto RESOLVES as follows:
SECTION 1. The Council makes the following findings:
Stanford Research Park/El Camino TIF funds
1. The unexpended Stanford Research Park/El Camino TIF funds were collected
pursuant to Chapter 16.45 of the Palo Alto Municipal Code, to be used for the purpose of
funding capacity improvements at the intersections identified in that Chapter.
2. The unexpended Stanford Research Park/El Camino TIF funds in the amount of
$1,376,491 are intended to be used to fund improvements in conjunction with Santa Clara
County at the intersections of Page Mill Road/Hanover Street and Page Mill Road/El Camino
Real, as described in the Page Mill Road Expressway Corridor Study Report. The
improvements include additional and/or longer left turn lanes, modifications to enhance
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016 Yang\20181101 RESO Unspent Impact Fees
bicycle and pedestrian accommodations through the intersections, Class II bicycle lanes and
Class I shareduse path at Hanover Street approaches to the intersection and a 8phase
signal conversion for the Hanover intersection.
3. The City has committed to contributing $3.2 million to fund these improvements.
These funds have not been expended to date to allow for coordination with Santa Clara
County, and will be expended upon receipt of an invoice from the County.
4. The need for the improvements for which the Stanford Research Park/El Camino
TIF funds were collected was identified
by the City Council 19982010 Comprehensive Plan; the need
for the retention of these funds was identified in the 2015 Page Mill Road Expressway
Corridor Study Report commissioned by Santa Clara County.
5. The unexpended Stanford Research Park/El Camino TIF funds continue to be
required in order to fund the improvements specified in Chapter 16.45 and in this
resolution.
6. Based on the foregoing, a continuing need for the unexpended Stanford
Research Park/El Camino TIF funds has been demonstrated.
San Antonio/West Bayshore TIF funds
7. The unexpended San Antonio/West Bayshore TIF funds were collected
pursuant to Chapter 16.46 of the Palo Alto Municipal Code, to be used solely for the
purpose of funding capital expenditures needed to provide operational improvements
at certain intersections identified in that Chapter.
8. The City plans to spend the unexpended San Antonio/West Bayshore TIF
funds in the amount of $828,208 to fund resurfacing of the San Antonio Road/Highway
101 overpass and improvements at the intersection of San Antonio Road and East
Charleston Road to increase pedestrian safety and vehicular capacity. Updated
estimates for this work total in excess of $1.75 million.
9. These funds have not been expended to date because the City is continuing
to refine the planned intersection improvements. A transfer of funds for the San
Antonio Road/Highway 101 overpass is anticipated in FY 2019 or FY 2020.
10. The need for the improvements for which the unexpended San Antonio/
West Bayshore TIF funds were collected was identified in the San Antonio/West
Bayshore EIR.
11. The unexpended San Antonio/West Bayshore TIF funds continue to be
required in order to fund the improvements specified in Chapter 16.46 and in this
resolution.
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016 Yang\20181101 RESO Unspent Impact Fees
12. Based on the foregoing, a continuing need for the unexpended San
Antonio/West Bayshore TIF funds has been demonstrated.
SECTION 2. The Council finds that this is not a project under the California
Environmental Quality Act and, therefore, no environmental impact assessment is
necessary.
INTRODUCED AND PASSED: January 22, 2019
AYES: CORMACK, DUBOIS, FILSETH, FINE, KNISS, KOU, TANAKA
NOES:
ABSENT:
ABSTENTIONS:
ATTEST: APPROVED:
City Clerk Mayor
APPROVED AS TO FORM:
Deputy City Attorney City Manager
Director of Administrative Services
Director of Planning and Community
Environment
DocuSign Envelope ID: E024B888-995F-44A3-9F3F-321008713C8A
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