HomeMy WebLinkAboutStaff Report 4233
City of Palo Alto (ID # 4233)
City Council Staff Report
Report Type: Informational Report Meeting Date: 12/9/2013
City of Palo Alto Page 1
Summary Title: Annual Status Report Developers' Fees-Early Memo
Title: Annual Status Report Developers' Impact Fees - Early memo
From: City Manager
Lead Department: Administrative Services
This is an informational report and no City Council action is required.
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 13, 2014, it
is being included in this early packet to allow time for public review. Additional information
will be available in the January 13, 2014 report.
Attachments:
ď‚· Attachment A: Developer Fees (XLS)
Attachment A
City of Palo Alto
Annual Report on Developers' Fees
for Period Ending June 30, 2013
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 $11.08 per square foot $2.28 per square foot
Fund Balance July 1, 2012 $3,388,571 $801,992
Activity in 2012-13
Revenues
Fees Collected 480,591 35,151
Interest Earnings (22,646)(7,926)
Unrealized Gain/Loss Investments 0 0
Transfer In from Gas Tax Fund
Transfer In from CIP Fund
-------------------------------------------------------------------------------------------------------------------
Total Revenues $457,945 $27,225
Expenditures
Other 0 0
Charleston/Arastradero Corridor
Improvements 0 0
(PL-05002)
-------------------------------------------------------------------------------------------------------------------
Total Expenditures 0 0
-------------------------------------------------------------------------------------------------------------------
Ending Balance June 30, 2013 $3,846,516 $829,217
Net Funds Available $3,846,516 $829,217
Unexpended balance after five years $823,618 $664,374
USE OF FEES:USE OF FEES:
No expenditures have been made from
this fund in Fiscal Year 2013. Fees are
planned to be used for the Page
Mill/Hanover intersection.
No expenditures have been made from this
fund in Fiscal Year 2013. 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 12/4/2013
Attachment A
City of Palo Alto
Annual Report on Developers' Fees
for Period Ending June 30, 2013
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 $18.44 per square foot $60,750 per space
Fund Balance July 1, 2012 $3,561,337 $657,993
Activity in 2012-13
Revenues
Other Revenue from Other Agencies 3,754,664 0
Interest Earnings 1,106 2,859
Unrealized Gain/Loss Investments 0 0
Operating Transfer from SUMC Dev
Agreement Fund 0
-------------------------------------------------------------------------------------------------------------------
Total Revenues 3,755,770 2,859
Expenditures
Reclassify prior year to loan 2,700,000 0
Consultant Fees 0
-------------------------------------------------------------------------------------------------------------------
Total Expenditures 2,700,000 0
-------------------------------------------------------------------------------------------------------------------
Ending Balance June 30, 2013 $10,017,107 $660,852
Other Commitments/Appropriations
Encumbrances 0
Reserve for Notes Receivable
include:$1,290,000 for 2811 Alma,
$1,500,000 for Maybell Apts., and
$3,645,010 for 801 Alma.(6,435,010)
Reserve for unrealized gain on
investments (12,599)(2,891)
Net Funds Available $3,569,498 $657,961
Unexpended balance after five years 0 $90,696
USE OF FEES:USE OF FEES:
No expenditure of funds have been made
from this fund in Fiscal Year 2013. $2.7
million previously reported as expenditure
for 801 Alma St. was reclassified to loan.
No expenditure of funds have been made
from this fund in Fiscal Year 2013.
Page 2 of 8 12/4/2013
Attachment A
City of Palo Alto
Annual Report on Developers' Fees
for Period Ending June 30, 2013
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
$10,639/residence (or $15,887/residence
larger than 3,000 sq ft); Multifamily
$6,964/unit (or $3,521/unit smaller than or
equal to 900 sq ft)
Residential: Single family $2,758/residence
(or $4,129/residence larger than 3,000 sq
ft); Multifamily $1,815/unit (or $916/unit
smaller than or equal to 900 sq ft)
Nonresidential: Commercial/industrial
$4,518 per 1,000 sq ft; Hotel/Motel $2,043
per 1,000 sq ft
Nonresidential: Commercial/industrial $255
per 1,000 sq ft; Hotel/Motel $115 per 1,000
sq ft
Fund Balance July 1, 2012 $3,184,008 $1,620,518
Activity in 2012-13
Revenues
Fees Collected 1,223,560 3,774,869
Interest Earnings (57,506)760
Unrealized Gain/Loss 0 0
Transfer In from CIP Fund 0 0
-------------------------------------------------------------------------------------------------------------------
Total Revenues $1,166,054 $3,775,629
Operating Transfer to Capital Projects
Fund (2,723,496)0
-------------------------------------------------------------------------------------------------------------------
Total Expenditures (2,723,496)0
-------------------------------------------------------------------------------------------------------------------
Ending Balance June 30, 2013 $1,626,566 $5,396,147
Other Commitments/AppropriationsReserve for unrealized gain on
investments (10,120)(15,283)-------------------------------------------------------------------------------------------------------------------
Net Funds Available $1,616,446 $5,380,864
Unexpended balance after five years 0 $1,072,581
USE OF FEES:USE OF FEES:
Expenditure of funds have been made in
Fiscal Year 2013 for $1,793K to PG-
13002 (El Camino Park Fields), $260K to
PE-13007 (El Camino Dog Park), $450K
to PE-13016 (El Camino Park Parking and
Restrooms), and $220K to PE-06007
(Park Restrooms).
No expenditure of funds have been made
from this Fund in Fiscal Year 2013.
Page 3 of 8 12/4/2013
Attachment A
City of Palo Alto
Annual Report on Developers' Fees
for Period Ending June 30, 2013
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 $963/residence
(or $1,434/residence larger than 3,000 sq
ft); Multifamily $575/unit (or $316/unit
smaller than or equal to 900 sq ft)Varies
Nonresidential: Commercial/industrial
$243 per 1,000 sq ft; Hotel/Motel $102 per
1,000 sq ft
Fund Balance July 1, 2012 $586,252 $12,374,215
Activity in 2012-13
Revenues
Fees Collected 98,931 893,213
Webster Wood In-Lieu Payment 0 5,500
Palo Alto Bimmer In-Lieu Payment 0 0
Interest Earnings (4,738)51,447
Unrealized Gain/Loss Investments - 0
Operating Transfer from SUMC Dev
Agreement Fund 1,720,220
-------------------------------------------------------------------------------------------------------------------
Total Revenues $94,193 $2,670,380
Expenditures
Legal 0
Housing Program Expense 0 (285,525)
Principal Retired (123,599)
Reclassify prior year to loan 300,000
-------------------------------------------------------------------------------------------------------------------
Total Expenditures 0 (109,124)
-------------------------------------------------------------------------------------------------------------------
Ending Balance June 30, 2013 $680,445 $14,935,471
Reserve for Encumbrances 0 (1,863)
Reserve for unrealized gain on
investments (2,685)(21,066)
Reserve for Notes Receivable include
$375,000 for 3053 Emerson, $3,804,300
for Tree House Apts, $461,527 for Oak
Manor, $756,819 for Sheridan Apts.,
$3,164,986 for 801 Alma, and $1,720,220
for Maybell Apts.(10,282,852)
-------------------------------------------------------------------------------------------------------------------
Page 4 of 8 12/4/2013
Attachment A
City of Palo Alto
Annual Report on Developers' Fees
for Period Ending June 30, 2013
Net Funds Available $677,760 $4,629,690
Unexpended balance after five years $374,520 0
USE OF FEES:USE OF FEES:
No expenditure of funds have been made
from this Fund in Fiscal Year 2013.
Expenditures in Fiscal Year 2013 include
$160K to Palo Alto Housing Corp for BMR
fees, $124K for Oak Manor Apts. loan
forgiveness, and $300K reclassificiation of
prior year expenditure for 801 Alma St. to
loan.
Page 5 of 8 12/4/2013
Attachment A
City of Palo Alto
Annual Report on Developers' Fees
for Period Ending June 30, 2013
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: $1,115 per unit; Commercial:
$0.33 per sq ft
Fund Balance July 1, 2012 $772,588 $726,688
Activity in 2012-13
Revenues
Fees Collected 1,269,933 99,691
Interest Earnings 14,254 (4,090)
- 0
-------------------------------------------------------------------------------------------------------------------
Total Revenues $1,284,187 $95,601
Expenditures
Operating Transfer to Capital Projects
Fund 0 (250,000)
-------------------------------------------------------------------------------------------------------------------
Total Expenditures 0 (250,000)
-------------------------------------------------------------------------------------------------------------------
Ending Balance June 30, 2013 $2,056,775 $572,289
Other Commitments/Reappropriations
Reserve for unrealized gain on
investments (6,196)(2,891)
-------------------------------------------------------------------------------------------------------------------
Net Funds Available $2,050,579 $569,398
Unexpended balance after five years $181,801 $823,618
USE OF FEES:USE OF FEES:
No expenditure of funds have been made
from this Fund in Fiscal Year 2013.
Budgeted transfers in the amount of $250K
were made to the Capital Improvement
Fund in Fiscal Year 2013 for the Corridor
Plan (PE-13011).
Page 6 of 8 12/4/2013
Attachment A
City of Palo Alto
Annual Report on Developers' Fees
for Period Ending June 30, 2013
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 $3,053 per net new PM peak hour trip
Fund Balance July 1, 2012 $489,245
Activity in 2012-13
Revenues
Fees Collected 2,582,599
Interest Earnings 77,404
Unrealized Gain/Loss Investments - --------------------------------------------------------
Total Revenues $2,660,003
ExpendituresOperating Transfer to Capital Projects
Fund 0
Operating Transfer to BMR Fund
Principal Retired
--------------------------------------------------------
Total Expenditures 0 --------------------------------------------------------
Ending Balance June 30, 2013 $3,149,248
Other Commitments/Reappropriations
Reserve for unrealized gain on
investments (7,848)--------------------------------------------------------
Net Funds Available $3,141,400
Unexpended balance after five years $4,453
USE OF FEES:
No expenditure of funds have been made
from this Fund in Fiscal Year 2013.
Page 7 of 8 12/4/2013
Attachment A
City of Palo Alto
Annual Report on Developers' Fees
for Period Ending June 30, 2013
(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 2012-13
Capacity Fees Collected
Water $1,162,123
Wastewater Collection 1,062,465
Total $2,224,588
USE OF FEES:
The fees are used exclusively for water
and sewer system improvements
Page 8 of 8 12/4/2013