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HomeMy WebLinkAboutStaff Report 100-07TO: FROM: City of Palo Alto City Manager’s Report HONORABLE CITY COUNCIL ~ CITY MANAGER DEPARTMENT: ADMINISTRATIVE SERVICES DATE: SUBJECT: JANUARY 16, 2007 CMR: 100:07 ACCEPTANCE OF ANNUAL STATUS FEES REPORT ON DEVELOPERS’ RECOMMENDATION Staff recommends that the City Council review and accept the Annual Report on Developers’ Fees for the period ending June 30, 2006 (Exhibit A). BACKGROUND State law (Government Code Section 66006) requires each local agency that impos~s development impact fees to prepare an annual report providing specific information about those fees. This requirement is part of the law commonly referred to as AB 1600. It codifies the legal requirement that fees on new development have the proper nexus to any project on which they are imposed. In addition, AB 1600 imposes certain accounting and reporting requirements with respect to the fees collected. The fees, for accounting purposes, must be segregated from the general funds of the City and from other funds or accounts containing fees collected for other improvements. Interest on each development fee fund or account must be credited to that fund or account and used only for the purposes for which the fees were collected. The law was amended effective January 1, 1997. The provisions now require that, within 180 days after the close of the fiscal year, the agency that collected the fees must make available to the public the following information regarding each fund or account: o A brief description of the type of fee in the fund. o The amount of the fee. o The beginning and ending balance for the fiscal year. o The amount of fees collected and interest earned. 0 An identification of each public improvement on which fees were expended and the amount of the expenditure on each improvement, including the total percentage of the cost of the public improvement that was funded with fees. CMR:100:07 Page 1 of 4 An identification of an approximate date by which the construction of a 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 loaned funds will be expended, and in the case of an interfund loan, the date on which the loan will be repaid and the rate of interest that the account or fund will receive on the loan. The amount of any refunds made due to inability to expend fees within the required time frame. This report must also be reviewed by the City Council at a regularly scheduled public meeting not less than 15 days after the information is made available to the public. In addition, notice of the time and place of the meeting shall be mailed at least 15 days prior to the meeting to any interested party who files a written request with the local agency for such a mailed notice. The law also provides that, for the fifth fiscal year following the first deposit into the fund and every five years thereafter, the local agency shall make findings with respect to any portion of the fee remaining unexpended, whether committed or uncommitted. The finding must: identify the purpose to which the fee is to be put; demonstrate a nexus between the fee and the purpose for which it was originally charged; and identify all sources and amounts of funding anticipated to complete financing of incomplete improvements along with the approximate dates on which the anticipated funding is expected to be deposited into the fund. If the agency no longer needs the funds for the purposes collected, or if the agency fails to make required findings, or perform certain administrative tasks prescribed by AB 1600, the agency may be required to refund, on a prorated basis to owners of the properties upon which the fees for the improvement were imposed, the monies collected for that project and any interest earned on those funds. DISCUSSION The City of Palo Alto development fees covered by AB 1600, and documented in Exhibit A, include the following: Stanford Research Park/El Camino Real traffic impact fees (PAMC Ch. 16.45). Fee for new nonresidential development in the Stanford Research Park/El Camino Real Service Commercial zone, to fund capacity improvements at eight intersections. o San Antonio/West Bayshore Area traffic impact fees (PAMC Ch. 16.46). Fee for new nonresidential development in the San Antonio/West Bayshore area to fund capacity improvements at four intersections. CMR: 100:07 Page 2 of 4 o Housing impact fees Imposed on Commercial Developments (PAMC Ch. 16.47). Fee on commercial and industrial development to contribute to programs that increase the City’s low income and moderate-income housing stock. o Parking in-lieu fees for University Avenue Parking District (PAMC Ch. 16.57). Fee on new nonresidential development in the University Avenue Parking Assessment District in lieu of providing required parking spaces. o Developer impact fees (PAMC Ch. 16.58). Fee on new residential and non-residential housing developments to provide community facility funds for parks, community centers and libraries. o Residential housing in-lieu fees (PAMC Ch. 16.47) Fee on residential developments in-lieu of providing required below-market rate units to low and moderate income households. Water and sewer capacity fees (California Government Code Section 66000) Fee on developments adding load to water and sewer systems. Staff examined the accounts to determine if any development fees remain unexpended five years or more after receipt and are subject to refund. The San Antonio/West Bayshore Fund and Stanford Research Park/El Camino Real Fund contain development impact fees collected on or before June 30, 1999 that remain unexpended. In fiscal year 2002-03 (CMR:113:04), the City Council made the required findings that there was a continued need for the San Antonio/West Bayshore funds for the San Antonio On-Ramp Project. Council also found a continued need for the Stanford Research Park/E1 Camino funds for the major intersection improvements at the Page Mill/Hanover intersection, which is scheduled for completion in 2010. On September 26, 2005, Cotmcil adopted the Charleston-Arastradero Corridor Streetscape Development Impact Fee to fund pedestrian and bicyclist safety improvements within the Charleston-Arastradero Corridor, including new pedestrian crosswalks, reduced pedestrian crossing distances at existing crosswalks, increased visibility of crosswalks and bicycle lanes, and provision of continuous bicycle lanes. In the case of the housing impact fees from commercial development, the parking in-lieu fees for the University Avenue Parking District, developers impact fees, and the capacity fees, the funds on hand as of June 30, 2006 have all been received within the past four years. Therefore, no findings are required for these fees. RESOURCE IMPACT Council approved the required findings with respect to unexpended fees in 2002-03. As a result, there is no fiscal impact associated with this year’s report. CMR:100:07 Page 3 of 4 POLICY IMPLICATIONS This report does not represent any change to existing City policies. ENVIRONMENTAL ASSESSMENT Presentation of this annual report is not a project under the California Environmental Quality Act; accordingly, no environmental assessment is required. PREPARED BY: ALLEN LEE Senior Accountant DEPARTMENT HEAD APPROVAL: CITY MANAGER APPROVAL: CARL Director,istrative Services EMILY HARRISON Assistant City Manager ATTACHMENT Exhibit A: Annual Report on Development Fees for Period Ending June 30, 2006 cc: Home Builders Association CMR: 100:07 Page 4 of 4 Exhibit A City of Palo Alto Annual Report on Developers’ Fees for Period Ending June 30, 2006 Purpose and Authority for Collection Amount of the Fee Fund Balance July 1, 2005 Activity in 2005-06 Revenues Fees Collected Interest Earnings Unrealized Gain/Loss Investments Total Revenues Expenditures Other Charleston/Arastradero Corridor Improvements (PL-05002) Total Expenditures Ending Balance June 30, 2006 Net Funds Available Traffic im pact fees imposed on new nonresidential development in the Stanford Research Park/El Camino Real CS zone to fund improvements at eight identified intersections. PAMC Ch. 16.45 $9.03 per square foot $1,321,687 15,748 50,618 (25,714) $40,652 0 (690,000) (690,000) $672,339 $672,339 USE OF FEES: Budgeted transfers in the amount of $690,000 in FY 2005-06 were made from this fund to be used for Gunn High School entrance near Foothil/Arastradero. Traffic impact fees imposed on new nonresidential development in the San AntonioNVest Bayshore Areas to fund capacity improvements at four identified intersections. PAMC Ch. 16.46 $1.86 per square foot $575,932 o 24,982 (15,198) $9,784 0 $585,716 $585,716 USE OF FEES: No expenditures have been made from this fund in FY 2005-06. Fees are planned to be used for specific traffic improvements in the Charleston/San Antonio Road area, but have been delayed by a related project to be constructed by the State Department of Transportation. Page 1 of 5 Exhibit A City of Palo Alto Annual Report on Developers’ Fees for Period Ending June 30, 2006 =urpose and Authority for Collection Amount of the Fee As of May 2006 Fund Balance July 1, 2005 Activity in 2005-06 Revenues Fees Collected Interest Earnings Unrealized Gain/Loss Investments Total Revenues Expenditures Transfer to CDBG Fund Consultant Fees Total Expenditures Ending Balance June 30, 2006 Other Commitments/Appropriations Reserve for Notes Receivable include’ $2,221,976 for Alma Single Room Occupancy, $1,960,000 for Oak Court Apartments, and $400,000 for Barker Hotel. Net Funds Available Fees imposed on large commercial and industrial development to contribute to programs that increase the City’s low income and moderate- income housing stock. PAMC Ch.16.47 $16.01 per square foot $6,551,616 101,630 82,824 (46,537) 137,917 (250,000) (3,050) (253,050) $6,436,483 (4,581,976) $1,854,507 Fees collected from non-residential development within the University Ave. Parking Assessment District in lieu of providing the required number of parking spaces. PAMC Ch 16.57 $55,880 perspace $78,755 3,414 (1,900) 1,514 $80,269 $80,269 USE OF FEES: Budgeted transfers in the amount of $250,000 were made from this fund to the CDBG Fund. An additional $3,050 was spent on consultant services. USE OF FEES: No expenditure of funds have been made from this fund in FY 2005-06. Page 2 of 5 Exhibit A City of Palo Alto Annual Report on Developers’ Fees for Period Ending June 30, 2006 Purpose and Authority for Collection Amount of the Fee Fund Balance July 1, 2005 Activity in 2005-06 Revenues Fees Collected Interest Earnings Unrealized Gain/Loss Total Revenues Operating Transfer to Capital Projects Fund Heritage Park (PG-02018) Total Expenditures Ending Balance June 30, 2006 Other Commitments/Appropriations Reserve for Notes Receivable: Net Funds Available Fees inn posed on new residential and non-residential development approved after Ja n 28, 2002 for Parks PAMC Ch. 16.58 Residential: Single family $8,670/residence (or $12,946/residence larger than 3,000 sq ft); Multifamily $5,675/unit (or $2,869/unit smaller than or equal to 900 sq ft) Nonresidential: Commercial/industrial $3,682.00 per 1,000 sq ft; Hotel/Motel $1,664.00 per 1,000 sq ft $907,963 470,402 33,730 (23,730) $480,402 (467,OOO) (467,000) $921,365 $921,365 Fees imposed on new residential and non-residential development approved after Jan 28,2002 for Community Centers. PAMC Ch 16.58 Residential: Single family $2,248/residence (or $3,364/residence larger than 3,000 sq ft); Multifamily $1,479/unit (or $746/unit smaller than or equal to 900 sq ft) Nonresidentiali Commercial/industrial $208.00 per 1,000 sq ft; Hotel/Motel $94.00 per 1,000 sq ft $176,010 116,58Zl 8,535 (5,693) $119,426 0 $295,436 $295,436 USE OF FEES: Budgeted transfers in the amount of $367,000 was made from this fund to the Capital Improvement Fund for Stanford/Palo Alto Playing Fields and $100,000 for Park Restroom Installation in FY 05-06. USE OF FEES: No expenditure of funds have been made from this Fund in FY 2005-06 Page 3 of 5 Exhibit A City of Palo Alto Annual Report on Developers’ Fees for Period Ending June 30, 2006 Purpose and Authority for Collection Amount of the Fee Fees imposed on new residential and non-residential development approved after Jan 28,2002 for Libraries. PAMC Ch. 16.58 Residential: Single family $784/residence (or $1,166/residence larger than 3,000 sq ft); Multifamily $513/unit (or $257/unit smaller than or equal to 900 sq ft) Nonresidential: Commercial/industrial $198.00 per 1,000 sq ft; Hotel/Motel $83.00 per 1,000 sq ft Fees collected from residential developments of three or more units in lieu of providing the required below- market rate unit(s) to low and moderate income households. PA Comprehensive Plan and PAMC Chapter 18 Varies Fund Balance July 1, 2005 $72,834 $4,109,500 Activity in 2005-06 Revenues Fees Collected Webster Wood In-Lieu payment Interest Earnings Unrealized Gain/Loss Investments Total Revenues 41,414 2,866 (2,846) $41,434 9,900 5,625 31,481 (15,274) $31,732 Expenditures Housing Program Expense Total Expenditures Ending Balance June 30, 2006 0 $114,268 (258,668] (258,668) $3,882,564 Other Commitments/Appropriations Reserve for Notes Receivable include $375,000 for 3053 Emerson, $1,355,184 for Oak Manor, $750,000 for Opportunity Center, $756,81’9 for Sheridan Apts. and $341,450 for Palo Alto Gardens. Net Funds Available $114,268 (3,578,453~ $304,111 USE OF FEES:USE OF FEES: No expenditure of funds have been made from this Fund in FY 2005-06 Expenditures in FY 2005-06 include $130,000 to Palo Alto Housing Corp for BMR fees, $66,486 to Keyser Marston for BMR professional fees and $50,000 to Housing Trust of Santa Clara County. Page 4 of 5 Exhibit A City of Palo Alto Annual Report on Developers’ Fees for Period Ending June 30, 2006 Purpose and Authority Capacity fees charged to developers that for Collection are adding load to the water and sewer systems effective July 1, 2005. California Government Code Sect 66000 Amount of the Fee Water Domestic: 5/8 in., 3/4 in. $1200, 1 in. $2,250, 1/12 in. $4,500, 2 in. $9,000, 3 in. by est. $30/FU ($66,750 at cap), 4 in. by est. $30/FU ($176,333 at cap.), 6 in. by est. $30/FU (339,667 at cap.) Water Fire service: 4 in. $8,250, 6 in. $19,970, 8 in. $36.300 Sewer: 4 in. $2,500 first 50 FU, $50/FU additional, 6 in. by est. $50/FU, 8 in. by est. $50/FU FU is fixture unit Activity in 2005-06 Capacity Fees Collected Water $271,329 Wastewater Collection 43:250 Total $314,579 USE OF FEES: The fees are used exclusively for water and sewer system improvements Page 5 of 5