HomeMy WebLinkAboutStaff Report 3334 City of Palo Alto (ID # 3334)
City Council Informational Report
Report Type: Informational Report Meeting Date: 12/10/2012
December 10, 2012 Page 1 of 1
(ID # 3334)
Title: Annual Status Report Developers' Fees-Early Memo
Subject: Annual Status Report on Developers' Fees-Early Memo
From: City Manager
Lead Department: Administrative Services
Executive Summary
The Annual Status Report on Developers’ Fees provides specific information about
development impact fees imposed by the City. The schedule prepared in accordance with
Government Code Section 66006 (AB1600) must be made available to the public at least 15
days before the Council meeting at which it is considered and within 180 days of the close of
the fiscal year. Since the report is scheduled on the City Council Agenda of January 14, 2013, it
is being included in this early packet to allow time for public review. Additional information will
be available in the January 14, 2013 report.
Attachments:
ď‚· Attachment A: Developer Fee Attach12 (XLS)
Attachment A
City of Palo Alto
Annual Report on Developers' Fees
for Period Ending June 30, 2012
Stanford Research Park/San Antonio/West
FUND El Camino Fund Bayshore Fund
Purpose and Authority Traffic impact fees imposed on new Traffic impact fees imposed on new
for Collection nonresidential development in the nonresidential development in the
Stanford Research Park/El Camino San Antonio/West Bayshore Areas
Real CS zone to fund improvements to fund capacity improvements at
at eight identified intersections.four identified intersections.
PAMC Ch. 16.45 PAMC Ch. 16.46
Amount of the Fee $10.84 per square foot $2.23 per square foot
Fund Balance July 1, 2011 $2,733,213 $779,420
Activity in 2011-12
Revenues
Fees Collected 551,306 0
Interest Earnings 84,483 20,933
Unrealized Gain/Loss Investments 19,569 1,639
Transfer In from Gas Tax Fund
Transfer In from CIP Fund
-------------------------------------------------------------------------------------------------------------------
Total Revenues $655,358 $22,572
Expenditures
Other 0 0
Charleston/Arastradero Corridor
Improvements 0 0
(PL-05002)
-------------------------------------------------------------------------------------------------------------------
Total Expenditures 0 0
-------------------------------------------------------------------------------------------------------------------
Ending Balance June 30, 2012 $3,388,571 $801,992
Net Funds Available $3,388,571 $801,992
USE OF FEES:USE OF FEES:
No expenditures have been made from
this fund in Fiscal Year 2012. Fees are
planned to be used for Gunn High School
entrance near Foothill/Arastradero.
No expenditures have been made from this
fund in Fiscal Year 2012. 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 12/4/2012
Attachment A
City of Palo Alto
Annual Report on Developers' Fees
for Period Ending June 30, 2012
University Avenue
Commercial Housing Parking Assessment District
FUND In-Lieu Fund In-Lieu Fund
Purpose and Authority Fees imposed on large commercial Fees collected from non-residential
for Collection and industrial development to development within the University Ave.
contribute to programs that increase Parking Assessment District in lieu of
the City's low income and moderate-providing the required number of
income housing stock.parking spaces.
PAMC Ch.16.47 PAMC Ch 16.57
Amount of the Fee $17.97 per square foot $67,100 per space
Fund Balance July 1, 2011 $2,451,820 $105,014
Activity in 2011-12
Revenues
Other Revenue from Other Agencies 1,057,420 536,800
Interest Earnings 55,625 5,040
Unrealized Gain/Loss Investments (3,528)11,139
From State of California 0
-------------------------------------------------------------------------------------------------------------------
Total Revenues 1,109,517 552,979
Expenditures
Purchase of 801 Alma property 0 0
Consultant Fees 0
-------------------------------------------------------------------------------------------------------------------
Total Expenditures 0 0
-------------------------------------------------------------------------------------------------------------------
Ending Balance June 30, 2012 $3,561,337 $657,993
Other Commitments/Appropriations
Encumbrances 0
Reserve for unrealized gain on
investments (76,076)(15,561)
Net Funds Available $3,485,261 $642,432
USE OF FEES:USE OF FEES:
No expenditure of funds have been made
from this fund in Fiscal Year 2012.
No expenditure of funds have been made
from this fund in Fiscal Year 2012.
Page 2 of 8 12/4/2012
Attachment A
City of Palo Alto
Annual Report on Developers' Fees
for Period Ending June 30, 2012
Residential & Non-Residential Housing Residential & Non-Residential Housing
Community Facilities Community Facilities
FUND Parks Community Centers
Purpose and Authority Fees imposed on new residential and Fees imposed on new residential and
for Collection non-residential development approved non-residential development approved
after Jan 28, 2002 for Parks. after Jan 28, 2002 for Community Centers.
PAMC Ch. 16.58 PAMC Ch. 16.58
Amount of the Fee
Residential: Single family
$10,410/residence (or $15,545/residence
larger than 3,000 sq ft); Multifamily
$6,814/unit (or $3,446/unit smaller than or
equal to 900 sq ft)
Residential: Single family $2,699/residence
(or $4,040/residence larger than 3,000 sq
ft); Multifamily $1,776/unit (or $896/unit
smaller than or equal to 900 sq ft)
Nonresidential: Commercial/industrial
$4,420 per 1,000 sq ft; Hotel/Motel $1,999
per 1,000 sq ft
Nonresidential: Commercial/industrial $250
per 1,000 sq ft; Hotel/Motel $113 per 1,000
sq ft
Fund Balance July 1, 2011 $2,813,254 $1,551,316
Activity in 2011-12
Revenues
Fees Collected 278,221 22,430
Interest Earnings 80,845 42,020
Unrealized Gain/Loss 11,688 4,752
Transfer In from CIP Fund 0 0
-------------------------------------------------------------------------------------------------------------------
Total Revenues $370,754 $69,203
Operating Transfer to Capital Projects
Fund 0 0
-------------------------------------------------------------------------------------------------------------------
Total Expenditures 0 0
-------------------------------------------------------------------------------------------------------------------
Ending Balance June 30, 2012 $3,184,008 $1,620,518
Other Commitments/AppropriationsReserve for unrealized gain on
investments (119,301)(62,244)-------------------------------------------------------------------------------------------------------------------
Net Funds Available $3,064,707 $1,558,274
USE OF FEES:USE OF FEES:
No expenditure of funds have been made
from this Fund in Fiscal Year 2012.
No expenditure of funds have been made
from this Fund in Fiscal Year 2012.
Page 3 of 8 12/4/2012
Attachment A
City of Palo Alto
Annual Report on Developers' Fees
for Period Ending June 30, 2012
(INFORMATION ONLY)
Residential & Non-Residential Housing Residential Housing
Community Facilities In-Lieu Fund
FUND Libraries
Purpose and Authority Fees imposed on new residential and Fees collected from residential
for Collection non-residential development approved developments of three or more units in
after Jan 28, 2002 for Libraries. lieu of providing the required below-
market rate unit(s) to low and moderate
PAMC Ch. 16.58 income households.
PA Comprehensive Plan and
PAMC Chapter 18
Amount of the Fee
Residential: Single family $942/residence
(or $1,403/residence larger than 3,000 sq
ft); Multifamily $563/unit (or $309/unit
smaller than or equal to 900 sq ft)Varies
Nonresidential: Commercial/industrial
$238 per 1,000 sq ft; Hotel/Motel $100 per
1,000 sq ft
Fund Balance July 1, 2011 $552,502 $7,337,176
Activity in 2011-12
Revenues
Fees Collected 16,764 5,369,089
Webster Wood In-Lieu Payment 0 4,425
Palo Alto Bimmer In-Lieu Payment 0 0
Interest Earnings 15,147 97,065
Unrealized Gain/Loss Investments 1,839 47,178
Tax Credit Refund 0
-------------------------------------------------------------------------------------------------------------------
Total Revenues $33,750 $5,517,757
Expenditures
Legal (718)
Housing Program Expense 0 (160,000)
Principal Retired (119,999)
Grants (200,000)
-------------------------------------------------------------------------------------------------------------------
Total Expenditures 0 (480,718)
-------------------------------------------------------------------------------------------------------------------
Ending Balance June 30, 2012 $586,252 $12,374,215
Other Commitments/Appropriations (1,863)
Reserve for unrealized gain on
investments (22,477)(140,049)
Reserve for Notes Receivable include
$375,000 for 3053 Emerson, $3,804,300
for Tree House Apts, $585,126 for Oak
Manor, $756,819 for Sheridan Apts. and
$1,863,854 for 801 Alma.(7,385,099)
-------------------------------------------------------------------------------------------------------------------
Net Funds Available $563,775 $4,847,205
USE OF FEES:USE OF FEES:
Page 4 of 8 12/4/2012
Attachment A
City of Palo Alto
Annual Report on Developers' Fees
for Period Ending June 30, 2012
No expenditure of funds have been made
from this Fund in Fiscal Year 2012.
Expenditures in Fiscal Year 2012 include
$160,000 to Palo Alto Housing Corp for
BMR fees, $119,999 for Oak Manor Apts
loan forgiveness, and $200,000 to Housing
Trust of SC County for affordable housing.
Page 5 of 8 12/4/2012
Attachment A
City of Palo Alto
Annual Report on Developers' Fees
for Period Ending June 30, 2012
Parkland Dedication Charleston-Arastradero Corridor
Pedestrian and Bicyclist Safety
FUND
Purpose and Authority Fees on parkland dedication imposed Fees collected from new development and
for Collection on new residential and non-residential re-development within the Charleston-
development Arastradero Corridor to provide for pedest-
rian and bicyclist safety improvements.
Govt Code Sec.66477 (Quimby Act) PAMC Ch. 16.60
Amount of the Fee Varies Residential: $1,091.09 per unit; Commercial:
$0.32 per sq ft
Fund Balance July 1, 2011 $572,689 $414,749
Activity in 2011-12
Revenues
Fees Collected 172,819 338,255
Interest Earnings 17,361 16,296
Unrealized Gain/Loss Investments 9,719 4,787
-------------------------------------------------------------------------------------------------------------------
Total Revenues $199,899 $359,339
Expenditures
Operating Transfer to Capital Projects
Fund 0 (47,400)
-------------------------------------------------------------------------------------------------------------------
Total Expenditures 0 (47,400)
-------------------------------------------------------------------------------------------------------------------
Ending Balance June 30, 2012 $772,588 $726,688
Other Commitments/Reappropriations
Reserve for unrealized gain on
investments 0 0
-------------------------------------------------------------------------------------------------------------------
Net Funds Available $772,588 $726,688
USE OF FEES:USE OF FEES:
No expenditure of funds have been made
from this Fund in Fiscal Year 2012.
Budgeted transfers in the amount of
$47,400 were made the the Capital
Improvement Fund in Fiscal Year 2012 for
the Corridor Plan (PL-05002).
Page 6 of 8 12/4/2012
Attachment A
City of Palo Alto
Annual Report on Developers' Fees
for Period Ending June 30, 2012
Citywide Transportation
FUND
Purpose and Authority for Collection
Transportation impact fees imposed on
new development in all parts of the City to
fund congestion reduction projects.
PAMC Ch. 16.59
Amount of the Fee $2,987 per net new PM peak hour trip
Fund Balance July 1, 2011 $237,378
Activity in 2011-12
Revenues
Fees Collected 232,674
Interest Earnings 11,003
Unrealized Gain/Loss Investments 8,190 --------------------------------------------------------
Total Revenues $251,867
ExpendituresOperating Transfer to Capital Projects
Fund 0
Operating Transfer to BMR Fund
Principal Retired
--------------------------------------------------------
Total Expenditures 0 --------------------------------------------------------
Ending Balance June 30, 2012 $489,245
Other Commitments/Reappropriations
Reserve for unrealized gain on
investments 0 --------------------------------------------------------
Net Funds Available $489,245
USE OF FEES:
No expenditure of funds have been made
from this Fund in Fiscal Year 2012.
Page 7 of 8 12/4/2012
Attachment A
City of Palo Alto
Annual Report on Developers' Fees
for Period Ending June 30, 2012
(INFORMATION ONLY)
FUND Water and Wastewater Collection
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. $5,000, 1
in. $9,400, 1 1/2 in. $18,850, 2 in. by est.
$125/FU, 3 in. by est. $125/FU , 4 in. by
est. $125/FU , 6 in. by est. $125/FU
Water Fire Service: 2 in. $750, 4 in.
$9,000, 6 in. $22,530, 8 in. $43,080, 10in.
$69,510
Sewer: 4 in. $10,500 first 50 FU, $210/FU
additional, 6 in. by est. $210/FU, 8 in. by
est. $210/FU
FU is fixture unit
Activity in 2011-12
Capacity Fees Collected
Water $911,660
Wastewater Collection 404,659
Total $1,316,319
USE OF FEES:
The fees are used exclusively for water
and sewer system improvements
Page 8 of 8 12/4/2012