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HomeMy WebLinkAboutStaff Report 108-10TO: HONORABLE CITY COUNCIL FROM: CITY MANAGER DEPARTMENT: ADMINISTRATIVE SERVICES DATE: JANUARY 11, 2010 CMR: 108:10 REPORT TYPE: Consent SUBJECT: Review and Acceptance of Annual Status Report on Developers' Fees for Fiscal Year 2009 RECOMMENDATION Staff recommends that the City Council review and accept the Annual Report on Developers' Fees for the period ending June 30, 2009 (Exhibit A). BACKGROUND State law (Government Code Section 66006) requires each local agency that imposes development impact fees 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 must 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. Government Code Section 66006 contains comprehensive annual reporting requirements for development impact fees. This statute requires 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 in the fund. CMR:108:10 Page 1 of 5 o The amount of fees collected and interest earned. o 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. o 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. o 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. o 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. An early packet consisting of Exhibit A only was made available to the public and included in the packet for the December 14, 2009 meeting of the City Council. 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 to 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: o Stanford Research Park/El Camino Real traffic impact fees (PAMC Ch. 16.45): Fee for new nonresidential development in the Stanford Research Park/E1 Camino Real Service Commercial zone, to fund capacity improvements at eight intersections. CMR:108:10 Page 2 of 5 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. 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 non-residential development in the University Avenue Parking Assessment District in lieu of providing required parking spaces. o Parks, Community Centers, and Libraries impact fees (PAMC Ch. 16.58): Fee on new residential and non-residential development 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. o Charleston-Arastradero Corridor pedestrian and bicyclist safety fees (PAMC Ch. 16.59): Fee on new development and re -development within the Charleston-Arastradero Corridor to provide for pedestrian and bicyclist improvements. o Parkland dedication fees (Quimby Act) (California Government Code Section 66477): Fees or parkland dedication imposed on new residential and non-residential development. o Water and sewer capacity fees {California Government Code Section 66000): Fee on developments adding load to water and sewer systems. o Citywide Transportation impact fee {PAMC Ch 16.59): Fee on development in all parts of the City to fund transportation projects and programs to reduce congestion. AB 1600 requires the City to make specified findings in the event any funds are not expended within five fiscal years of collection and every five years thereafter. While there are several funds containing collected fees that have not been expended in five years, the required statutory carryover findings have already been made for those funds and no further findings are required. The San Antonio/West Bayshore Fund, Stanford Research Park/E1 Camino Real Fund, University Avenue In -Lieu Parking Fund, and Community Center and Library Development Funds contain development impact fees that remain unexpended. In fiscal year 2008 (CMR 107:09) the City Council made the required findings that there was a continued need for the San Antonio/West Bayshore funds for a right turn lane at the intersection of westbound Charleston at San Antonio. In fiscal year 2008, Council also found a continued need for the Stanford Research Park/E1 Camino Real fund for major intersection improvements at the Page Mill/Hanover CMR:108:10 Page 3 of 5 intersection and a continued need for the University Avenue In -Lieu Parking funds for the purpose of construction of public parking spaces. Finally, in fiscal year 2007 (CMR 106:08) the City Council made the required findings that there was a continued need for the community center and library development impact fees for the development of new facilities at the current Mitchell Park community center and library site. In the case of housing impact fees from commercial development, developers impact fees for parks, parkland dedication fees, Charleston/Arastradero pedestrian/bike safety fees, and citywide transportation impact fees, the funds on hand as of June 30, 2009 have all been received within the past four years. Therefore, no findings are required for those fees. RESOURCE IMPACT Council approved the required findings with respect to unexpended fees in fiscal years 2007 and 2008. As a result, there is no fiscal impact associated with this year's report. 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. CMR:108:10 Page 4 ()FS PREPARED BY: ALLEN LEE Senior Accountant, Administrative Services DEPARTMENT HEAD APPROVAL: CITY MANAGER APPROVAL: L Director, Administrative Services MES KEE City Manag er y ATTACHMENT Exhibit A: Annual Report on Development Fees for Period Ending June 30, 2009 ce: Home Builders Association CMR: 108; I 0 Page 5 of 5 Exhibit A City of Palo Alto Annual Report on Developers' Fees for Period Ending June 30, 2009 FUND Stanford Research Park! El Camino Fund San AntoniolWest Bayshore Fund Purpose and Authority for Collection Amount of the Fee Fund Balance July 1, 2008 Activity In 2008-09 Revenues Fees Collected Interest Earnings Unrealized Gain/Loss Investments Transfer In from Gas Tax Fund Transfer In from CIP Fund Total Revenues Expenditures Other CharlestonfArastradero Corridor Improvements (PL -05002) Total Expenditures Ending Balance June 30, 2009 Net Funds Available Traffic impact fees imposed on new nonresidential development in the Stanford Research ParklEl Camino Real CS zone to fund improvements at eight identified intersections. PAMC Ch. 16.45 $10.38 per square foot $823,618 0 45,283 52,518 994,217 596,270 $1,688,288 0 0 0 $2,511,906 $2,511,906 USE OF FEES: No expenditures have been made from this fund in FY 2008-09. Fees are planned to be used for Gunn High School entrance near Foothil/Arastradero. Traffic impact fees imposed on new nonresidential development in the San AntoniolWest Bayshore Areas to fund capacity improvements at four identified intersections. PAMC Ch. 16.46 $2.14 per square foot $664,374 13,372 28,964 17,502 $59,838 0 $724,212 $724,212 USE OF FEES: No expenditures have been made from this fund in FY 2008-09. 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 8 Exhibit A City of Palo Alto Annual Report on Developers' Fees for Period Ending June 30, 2009 FUND Commercial Housing In -Lieu Fund University Avenue Parking Assessment District In -Lieu Fund Purpose and Authority for Collection Amount of the Fee Fund Balance July 1, 2008 Activity in 2008-09 Revenues Fees Collected Interest Earnings Unrealized Gain/Loss Investments From State of California Total Revenues Expenditures Purchase of 801 Alma property Consultant Fees Total Expenditures Ending Balance June 30, 2009 Other Commitments/Appropriations Encumbrances Reserve for unrealized gain on investments 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 $17.59 per square foot $2,898,798 396,747 22,991 55,281 1,000,000 1,475,019 (2,700,000) 0 (2,700,000) $1,673,817 (22,790) (86,112) $1,564,915 USE OF FEES: 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 $64,272 per space $90,696 0 3,930 2,903 6,833 0 0 USE OF FEES: $97,529 (3,914) $93,615 $2,700,000 to purchase property at 801 No expenditure of funds have been made Alma. from this fund in FY 2008-09. Page 2 of 8 Exhibit A City of Palo Alto Annual Report on Developers' Fees for Period Ending June 30, 2009 FUND Residential & Non -Residential Housing Community Facilities Parks Residential & Non -Residential Housing Community Facilities Community Centers Purpose and Authority for Collection Amount of the Fee Fund Balance July 1, 2008 Activity in 2008-09 Revenues Fees Collected Interest Earnings. Unrealized Gain/Loss Transfer In from CIP Fund Total Revenues Operating Transfer to Capital Projects Fund Total Expenditures Ending Balance June 30, 2009 Other Commitments/Appropriations Reserve tor unrealized gain on investments Net Funds Available Fees imposed an new residential and non-residential development approved after Jan 28, 2002 for Parks. PAMC Ch. 16.58 Residential: Single family $9,354/residence (or $13,968/residence larger than 3,000 sq ft); Multifamily $6,123/unit (or $3,092/unit smaller than or equal to 900 sq ft) Nonresidential: Commercial/industrial $3,972.00 per 1,000 sq ft; Hotel/Motel $1,796.00 per 1,000 sq ft $2,760,167 217,673 106,320 60,500 35,210 $419,703 (1,090,000) (1,090,000) $2,089,860 (91,331) $1,998,629 USE OF FEES: Budgeted transfers in the amount of $220,000 was made from this fund to the Capital Improvement Fund for Park Restroom Renovations (PE -06007) and $870,000 for Cubberley Turf Renovations (PE -07007) in FY 2008-09. Fees imposed on new residential and non-residential development approved after Jan 28, 2002 for Community Centers. PAMC Ch. 16.58 Residential: Single family $2,425/residence (or $3,630/residence larger than 3,000 sq ft); Multifamily $1,595/unit (or $805/unit smaller than or equal to 900 sq ft) Nonresidential: Commercial/industrial $224.00 per 1,000 sq ft; Hotel/Motel $101.00 per 1,000 sq ft $1,072,582 84,342 49,877 32,442 $166,661 0 0 $1,239,243 (43,054) $1,196,189 USE OF FEES: No expenditure of funds have been made from this Fund in FY 2008-09. Page 3 of 8 Exhibit A City of Palo Alto Annual Report on Developers' Fees for Period Ending June 30, 2009 (INFORMATION ONLY) FUND Residential & Non -Residential Housing Community Facilities Libraries Residential Housing In -Lieu Fund Purpose and Authority for Collection Amount of the Fee Fund Balance July 1, 2008 Activity In 2008-09 Revenues Fees Collected Webster Wood In -Lieu Payment Sale of High St property Interest Earnings Unrealized Gain/Loss Investments Total Revenues Expenditures Housing Program Expense Allowance for Uncollectible Notes Principal Retired Total Expenditures Ending Balance June 30, 2009 Other Commitments/Appropriations Reserve for unrealized gain on investments Reserve for Notes Receivable include $375,000 for 3053 Emerson, $1,300,000 for Tree House Apts, $934,740 for Oak Manor, $756,819 for Sheridan Apts. and $150,818 for Palo Alto Gardens. Net Funds Available Fees imposed on new residential and non-residential development approved after Jan 28, 2002 for Libraries. PAMC Ch. 16.58 Residential: Single family $846/residence (or $1,258/residence larger than 3,000 sq ft); Multifamily $553/unit (or $278/unit smaller than or equal to 900 sq ft) Nonresidential: Commercial/industrial $214.00 per 1,000 sq ft; Hotel/Motel $90,00 per 1,000 sq ft $374,520 36,275 17,489 11,613 $65,377 0 0 $439,897 (15,657) USE OF FEES: $424,240 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 $5,650,780 9,900 9,625 0 147,028 41,470 $208,023 (1,185,220) 0 (109,816) (1,295,036) $4,563,767 (7,293) (87,416) (3,517,377) USE OF FEES: $951,681 Page 4 of 8 Exhibit A City of Palo Alto Annual Report on Developers' Fees for Period Ending June 30, 2009 No expenditure of funds have been made from this Fund in FY 2008-09, Expenditures in FY 2008-09 include $140,000 to Palo Alto Housing Corp for BMR fees, $109,816 for Oak Manor Apts loan forgiveness, $300,000 for purchase of 801 Alma, $600,125 for development costs for very low income senior housing at 3895 Fabian Way, $100,000 to Housing Trust of SC County for affordable housing and $41,228 for BMR professional fees. Page 5 of 8 Exhibit A City of Palo Alto Annual Report on Developers' Fees for Period Ending June 30, 2009 FUND Parkland Dedication Charleston-Arastradero Corridor Pedestrian and Bicyclist Safety Purpose and Authority for Collection Amount of the Fee Fund Balance July 1, 2008 Activity in 2008-09 Revenues Fees Collected Interest Earnings Unrealized Gain/Loss Investments Total Revenues Expenditures Operating Transfer to Capital Projects Fund Total Expenditures Ending Balance June 30, 2009 Other Commitments/Reappropriations Reserve for unrealized gain on investments Net Funds Available Fees on parkland dedication imposed on new residential and non-residential development Govt Code Sec.66477 (Quimby Act) Varies $181,601 98,306 8,514 7,617 $114,437 0 0 $296,038 (9,133) $286,905 USE OF FEES: No expenditure of funds have been made from this Fund in FY 2008-09. Fees collected from new development and re -development within the Charleston- Arastradero Corridor to provide for pedest- rian and bicyclist safety improvements. PAMC Ch. 16.60 Residential: $1,045.11 per unit; Commercial: $0.31 per sq ft $447,434 68,203 20,066 12,918 $101,187 (81,900) (81,900) $466,721 (16,961) $449,760 USE OF FEES: Budgeted transfers in the amount of $81,900 were made the the Capita! Improvement Fund in FY 2008-09 for the Corridor Plan (PL 05002). Page 6 of 8 Exhibit A City of Palo Alto Annual Report on Developers' Fees for Period Ending June 30, 2009 Citywide Transporation FUND Purpose and Authority for Collection Transportation impact fees imposed on new development in the Stanford Research Park to fund congestion reduction projects. PAMC Ch. 16.59 Amount of the Fee Varies Fund Balance July 1, 2008 $4,453 Activity in 2008-09 Revenues Fees Collected 115,279 Interest Earnings 878 Unrealized Gain/Loss Investments 2,609 Total Revenues $118,766 Expenditures Fund Operating Transfer to BMR Fund Principal Retired 0 Total Expenditures 0 Ending Balance June 30, 2009 $123,219 Other Commitments/Reappropriations Reserve for unrealized gain on investments (2,609) Net Funds Available $120,610 USE OF FEES; No expenditure of funds have been made from this Fund in FY 2008-09. Page 7 of 8 Exhibit A City of Palo Alto Annual Report on Developers' Fees for Period Ending June 30, 2009 (INFORMATION ONLY) FUND Water and Wastewater Collection Purpose and Authority for Collection Amount of the Fee Capacity fees charged to developers that are adding load to the water and sewer systems effective July 1, 2005. California Government Code Sect 66000 Water Domestic: 5/8 in., 3/4 in. $2,400, 1 in. $4,500, 1 112 in. $9,000, 2 in. $18,000, 3 in. by est. $60/FU ($66,750 at cap), 4 in. by est. $60/FU ($176,333 at cap.), 6 in. by est. $60/FU (339,667 at cap.) Water Fire service: 2 in. $750, 4 in. $9,000, 6 in. $22.5300. 8 in. $43.080 Sewer: 4 in. $5,000 first 50 FU, $100/FU additional, 6 in. by est. $100/FU, 8 in. by est, $100/FU FU is fixture unit Activity in 2008-09 Capacity Fees Collected Water $522,848 Wastewater Collection 115150, Total $637,998 USE OF FEES: The fees are used exclusively for water and sewer system improvements Page 8 of 8