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HomeMy WebLinkAboutStaff Report 2308-1858CITY OF PALO ALTO CITY COUNCIL Special Meeting Monday, February 05, 2024 Council Chambers & Hybrid 5:30 PM     Agenda Item     3.Review and Acceptance of Annual Report on Development Impact Fees for Fiscal Year 2023 and Adoption of a Resolution Making Statutory Findings for Certain Funds. CEQA status - Not a Project. City Council Staff Report From: City Manager Report Type: CONSENT CALENDAR Lead Department: Administrative Services Meeting Date: February 5, 2024 Report #:2308-1858 TITLE Review and Acceptance of Annual Report on Development Impact Fees for Fiscal Year 2023 and Adoption of a Resolution Making Statutory Findings for Certain Funds. CEQA status - Not a Project. RECOMMENDATION Staff recommends that the City Council review and accept the Annual Report on Development Impact Fees for the period ending June 30, 2023 (Attachment A) and adopt the resolution making statutory findings for certain development impact fee funds (Attachment B). EXECUTIVE SUMMARY This report contains information on the City of Palo Alto’s Development Impact Fees for the Fiscal Year (FY) 2022-23. This report meets the annual reporting requirements in Government Code section 66006. BACKGROUND Local agencies commonly impose fees on development projects to help offset the costs of funding the public facilities impacted by those developments. These fees are known as development impact fees. State law (Government Code section 66000 et seq. or “the Mitigation Fee Act”) requires local agencies that impose development impact fees to prepare an annual report providing specific information about those fees. 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:  Brief description of the type of fee in the fund.  Amount of the fee.  Beginning and ending balance in the fund.  Amount of fees collected, and interest earned. 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. 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. 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. Amount of any refunds made due to inability to expend fees within the required time frame. The Mitigation Fee Act further requires that the City Council review the annual report at its first regularly scheduled public meeting not less than 15 days after the information is made available to the public. In addition to the annual reporting requirement, the Mitigation Fee Act requires, for the fifth fiscal year following the first deposit into the fund and every five years thereafter, that the City Council make findings with respect to any portion of the fee(s) remaining unexpended, whether committed or uncommitted. The findings 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 Designate 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, the agency may be required to undertake a refunding process as set forth in the statute. ANALYSIS Annual Report (Government Code section 66006) The annual report for FY 2023 is included as Attachment A. Staff published the report on the City’s website on December 29, 2023. The report contains the statutorily required information for the following fees: 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. The City ceased collecting effective fiscal year 2020. 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. The City ceased collecting effective fiscal year 2020. Housing impact fees imposed on commercial developments (PAMC Ch. 16.65): Fee on commercial and industrial development to contribute to offset the demand that new jobs create for low income and moderate-income in the City. General Government facilities: (PAMH Ch. 16.58) – Fee on residential and non-residential development to fund facilities associated with municipal administration. 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, libraries, public safety, and general government. Residential (Rental) impact fees (PAMC Ch. 16.65) Fee on rental residential developments (including mixed use with rental housing) to offset the demand that new market-rate rental housing creates for low and moderate-income housing in the City. Charleston-Arastradero Corridor pedestrian and bicyclist safety fees (PAMC Ch. 16.60): Fee on new development and re-development within the Charleston-Arastradero Corridor to provide for pedestrian and bicyclist improvements. Citywide Transportation impact fees (PAMC Ch 16.59): Fee on development in all parts of the City to fund transportation projects and programs to reduce congestion. New Public Safety facilities (PAMH Ch. 16.58): Fee on residential and non-residential development to fund police and fire facilities, including fire apparatus and vehicles. University Avenue Parking In-Lieu Fund (PAMC Ch. 16.57): Fees collected from non- residential development within the University Avenue Parking Assessment District, in lieu of providing the required number of parking spaces. Residential housing in-lieu fees (PAMC Ch. 16.65): Fee on residential developments in-lieu of providing required below-market rate units to low- and moderate-income households. And in the interest of transparency, the report includes also includes information for the following funds, although the Mitigation Fee Act’s reporting requirements do not apply: Residential housing in-lieu fees (PAMC Ch. 16.65): Fee on residential developments in-lieu of providing required below-market rate units to low-and moderate-income households. Public Art Fund (PAMC Ch. 16.61): Fees imposed on new commercial developments (including mixed use projects), including new construction, remodels, additions and reconstruction that (i) have a floor area of 10,000 sq. ft. or more, and (ii) have a value of $200,000 or more, exclusive of costs for architecture, design, engineering, and required studies; and all new residential projects of five or more units to fund art for private developments. Parkland Dedication (CA Government Code Section 66477-Quimby Act): Fees on parkland dedication imposed on new residential and non-residential development. Water and Wastewater Collection (California Government Code Section 66000): Capacity fees charged to developers that are adding load to the water and sewer systems effective July 1,2005. Five-Year Findings (Government Code section 66001) Five of the development impact fees imposed by City are due for the additional five-year findings in FY2022-23. These proposed findings are contained in Attachment B. The Stanford Research Park/ El Camino Fund has an unexpended balance of $1,220,842 that was collected prior to FY 2023. The San Antonio/West Bayshore Fund has an unexpended balance of $407,697 that was collected prior to FY 2023. The Commercial Housing Impact Fee Fund has an unexpended balance of $2,228,048 that was collected as of FY 2023. The Citywide Transportation Fund has an unexpended balance of $1,622,961 that was collected as of FY 2023. The University Avenue Parking In-Lieu Fund has an unexpended balance of $15,664,946 that was collected in FY 2023 and prior. FISCAL/RESOURCE IMPACT There is no direct fiscal impact associated with the review and acceptance of the annual report (Attachment A). The various fee funds are reviewed annually for any unallocated or unexpended balances as part of the development of the City’s five-year capital improvement plan. If the council does not adopt the proposed resolution (Attachment B) making the five-year findings, then City may be required undertake the refund procedures described in Government Code section 66001(e). The total potential refund across the five development impact fees at issue is $21,144,494. STAKEHOLDER ENGAGEMENT This report has been prepared by the Accounting Division in Administrative Services and reviewed by partner departments including the City Attorney’s Office and the Planning and Development Services Department. ENVIRONMENTAL REVIEW Council action on this item is not a project as defined by the California Environmental Quality Act (CEQA) in that the report and findings required by the Mitigation Fee Act is a government fiscal activity which does not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment. CEQA Guidelines section 15378(b)(4). ATTACHMENTS Attachment A: FY 2023 Development Impact Fee Report Use of Fee Summary Attachment B: Resolution of the Council of the City of Palo Alto Accepting the Development Impact Fee Report for the Period Ending June 30, 2023 and Making Findings Regarding the Continuing Need for Development Impact Fees Collected but Not Expended APPROVED BY: Kiely Nose, Assistant City Manager/Administrative Services Director City of Palo Alto Development Impact Fee Report for Period Ending June 30, 2023 Stanford Research Park/El Camino Real Transportation Impact Fee San Antonio/West Bayshore Area Transportation Impact Fee Description of the Type of Fee Traffic impact fees imposed on new non‐residential development in the Stanford Research Park/El Camino Real CS zone to fund improvements at eight identified intersections. (PAMC 16.45) Traffic impact fees imposed on new non‐residential development in the San Antonio/West Bayshore Areas to fund capacity improvements at four identified intersections. (PAMC 16.46) $12.85 per square foot; City ceased collecting effective FY 2020 $2.65 per square foot; City ceased collecting effective FY 2020Amount of the Fee Fund Balance July 1, 2022 1,147,182 407,407 FY 2023 Activity Revenues Interest Earnings Unrealized Gain/(Loss) Investments Total Revenues 24,157 49,503 73,660 8,625 (8,335) 290 Expenditures 0 0 Total Expenditures 0 0 Ending Balance June 30, 2023 1,220,842 407,697 Reserves 0 0 Total Reserves 0 0 Net Funds Available 1,220,842 407,697 City of Palo Alto Development Impact Fee Report for Period Ending June 30, 2023 Commercial Housing Impact Fee General Government Facility Development Fee Description of the Type of Fee Fees imposed on commercial and industrial development to offset the demand that new jobs create for low and moderate‐income housing in the City; fees collected support various levels of affordable housing projects. (PAMC 16.65) Fees imposed on residential and non‐residential development to fund facilities associated with municipal administration. (PAMC 16.58) Amount of the Fee Hotel / Retail / Other Residential: Non‐Residential:$24.97 per sq. ft.Single family $1,600 per unit Multi‐family $1,279 per unit (ADUs under 750 sq. ft. exempt);Office/R&D: $74.01 per sq. ft. Non‐residential: Commercial $892 per 1,000 sq. ft. or fraction thereof Industrial $300 per 1,000 sq. ft. or fraction thereof Office/Institutional $1,192 per 1,000 sq. ft. or fraction thereof Fund Balance July 1, 2022 27,113,503 111,930 FY 2023 Activity Revenues Fees Collected 0 73,411 (115,201) (41,790) 11,592 2,504 (4,861) 9,235 Interest Earnings Unrealized Gain/(Loss) Investments Total Revenues Expenditures Salaries and Benefit Liability Insurance Total Expenditures (36,872) (1,230) (38,102) 0 0 0 Ending Balance June 30, 2023 27,033,611 121,165 Reserves Notes Receivable (see detail below) Reappropriations Total Reserves (23,629,563) (1,176,000) (24,805,563) 0 0 0 Net Funds Available 2,228,048 121,165 Notes Receivable Detail: $1,290,000 for 2811 Alma; $4,137,254 for 801 Alma; $7,700,000 for Buena Vista Mobile Home Park; $10,502,309 Wilton Court City of Palo Alto Development Impact Fee Report for Period Ending June 30, 2023 Community Facilities Community Facilities Parks Development Fee Community Centers Development Fee Description of the Type of Fee Amount of the Fee Fees imposed on new residential and non‐residential development approved after Jan 28, 2002 for Parks. (PAMC 16.58) Fees imposed on new residential and non‐residential development approved after Jan 28, 2002 for Community Centers. (PAMC 16.58) Residential: Single family $62,039.67 per unit. (ADUs under 750 sq ft exempt) Residential: Single family $4795.06 per unit. (ADUs under 750 sq ft exempt); Multi‐Family $3,547.13 per unit Non‐residential: Commercial/Industrial $18,190 per net new 1,000 sq ft; Hotel/Motel $3,100 per 1,000 sq ft.Non‐residential: Commercial/industrial $1410 per 1,000 sq ft; Hotel/Motel $240 per 1,000 sq ft. Fund Balance July 1, 2022 3,810,535 739,193 FY 2023 Activity Revenues Fees Collected 439,967 63,760 7,825 34,559 16,041 (18,174) 32,426 Interest Earnings Unrealized Gain/(Loss) Investments Total Revenues 511,552 Expenditures Operating Transfer to Capital Projects Fund Total Expenditures (2,650,333) (2,650,333) 0 0 Ending Balance June 30, 2023 1,671,754 771,619 Reserves 0 Total Reserves 0 0 Net Funds Available 1,671,754 771,619 City of Palo Alto Development Impact Fee Report for Period Ending June 30, 2023 Community Facilities Library Development Fee Residential Housing Impact Fee Description of the Type of Fee Fees imposed on new residential and non‐residential development approved after January 28, 2002 for Libraries. (PAMC 16.58) Fees imposed on all rental residential developments (including mixed‐use with rental housing) to offset the demand that the new market‐rate rental housing creates for low‐income and moderate‐income housing in the City. (PAMC 16.65) Amount of the Fee Residential: Single family $2,857.80 per unit; Multi‐family Single and Multi‐Family: $24.52 per sq. ft. apartment $2,113.37 per unit (ADUs under 750 sq ft exempt)(rentals) Non‐residential: Commercial/industrial $840 per net new 1,000 sq ft. Hotel/Motel $140 per net new 1,000 sq ft. Fund Balance July 1, 2022 931,093 1,057,616 FY 2023 Activity Revenues Fees Collected 20,398 12,949 (20,398) 12,948 0 22,402 (29,041) (6,639) Interest Earnings Unrealized Gain/(Loss) Investments Total Revenues Expenditures 0 Total Expenditures 0 0 Ending Balance June 30, 2023 944,041 1,050,978 Reserves Reserve for Reappropriations Total Reserves 0 0 (600,000) (600,000) Net Funds Available 944,041 450,978 City of Palo Alto Development Impact Fee Report for Period Ending June 30, 2023 Charleston‐Arastradero Corridor Pedestrian and Bicyclist Safety Impact Fee Citywide Transportation Impact Fee Description of the Type of Fee Transportation impact fees imposed on new development in all parts of the City to fund congestion reduction projects. (PAMC 16.59) Fees collected from new development and redevelopment within the Charleston‐Arastradero Corridor to provide for pedestrian and bicyclist safety improvements. (PAMC 16.60) Amount of the Fee Residential: $1,599 per residential unit $9,266 each; per net new PM peak hour trip Commercial: $0.46 per sq ft (ADUs exempt) Fund Balance July 1, 2022 34,904 1,999,269 FY 2023 Activity Revenues Interest Earnings Unrealized Gain/(Loss) Investments Total Revenues 474 794 1,268 37,798 (19,106) 18,692 Expenditures Operating Transfer to Capital Projects Fund Total Expenditures (35,000) (35,000) (395,000) (395,000) Ending Balance June 30, 2023 1,172 1,622,961 Reserves 0 Total Reserves 0 0 Net Funds Available 1,172 1,622,961 City of Palo Alto Development Impact Fee Report for Period Ending June 30, 2023 University Avenue Non‐Residential Development Parking In‐Lieu FeePublic Safety Facility Development Fee Description of the Type of Fee Amount of the Fee Fees imposed on residential and non‐residential development to fund police and fire facilities (including fire apparatus and vehicles) (PAMC 16.58) Fees collected from non‐residential development within the University Avenue Parking Assessment District area in lieu of providing the required number of parking spaces. (PAMC 16.57) $124,275.00 per spaceResidential: Single family $1,269 per unit; Multi‐family $1,015 per unit Nonresidential: Commercial $709 per 1,000 sq ft. or fraction thereof; Industrial $237 per 1,000 sq. ft. or fraction thereof; Office/Institutional $946 per 1,000 sq ft or fraction thereof. Fund Balance July 1, 2022 87,770 6,019,034 FY 2023 Activity Revenues Fees Collected 9,194 1,965 (3,837) 7,323 10,066,275 226,347 (554,310) 9,738,312 Interest Earnings Unrealized Gain/(Loss) Investments Total Revenues Expenditures Operating Transfer to Capital Projects Fund Total Expenditures 0 0 (92,400) (92,400) Ending Balance June 30, 2023 95,093 15,664,946 Reserves 0 0 Total Reserves 0 0 Net Funds Available 95,093 15,664,946 City of Palo Alto Development Impact Fee Report for Period Ending June 30, 2023 (INFORMATION ONLY) Residential Housing In‐Lieu Fee (INFORMATION ONLY) Parkland Dedication Fee Description of the Type of Fee This fee is not subject to AB1600 reporting requirements and is included only for information purposes. Fees collected from ownership residential developments of three or more units(including mixed used with ownership in housing) in‐lieu of providing the required below‐market rate unit(s) to low and moderate income households. (PAMC 16.65) This fee is not subject to AB1600 reporting requirements and is included only for information purposes. Fees on parkland dedication imposed on new residential and non‐ residential development. Govt Code Sec. 66477 (Quimby Act) Amount of the Fee Single‐family $91.92 per sq. ft. single‐family detached; $61.28 per sq. ft. single‐family attached. Multi‐family $61.29 per sq. ft. condos. Single Family: $75,076.89 per unit; Multi‐Family: $51,747.91 per unit. This applies only to residential projects that require a subdivision or parcel map. Land dedication is required for subdivisions resulting in more than 50 parcels. Parkland Dedication Fee ‐Land: Single Family: 531 sq. ft. per unit; Multi‐Family: 366 sq. ft. per unit. When parkland dedication applies, park impact fees do not apply. Fund Balance July 1, 2022 29,466,762 3,779,395 FY 2023 Activity Revenues Fees Collected 49,043 277,887 (118,885) 208,045 0 56,765 54,249 111,014 Interest Earnings Unrealized Gain/(Loss) Investments Total Revenues Expenditures Salaries and Benefits Liability Insurance (36,872) (1,230) Program & Project Consultants Operating Transfer to Capital Projects Fund Total Expenditures (316,136) (1,650,000) (1,650,000)(354,238) Ending Balance June 30, 2023 29,320,569 2,240,408 Reserves Encumbrances (5,746) (3,000,000) (23,758,078) (26,763,824) Reappropriations Notes Receivable (details below): Total Reserves 0 Net Funds Available 2,556,745 2,240,408 Residential Housing In‐Lieu Fund, Detail for Notes Receivable: $375,000 for 3053 Emerson; $3,504,850 for Tree House Apts.; $747,734 for Sheridan Apts.; $2,285,026 for 801 Alma; $848,386 for Palo Alto Housing Project; $593,952 for 2811‐2825 Alma St.; $203,561 for Colorado Park Housing; $149,968 for El Dorado Palace; $6,800,000 for Buena Vista Mobile Home Park; $8,249,601 for Wilton Ct. City of Palo Alto Development Impact Fee Report for Period Ending June 30, 2023 (INFORMATION ONLY) Public Art In‐Lieu Fee Water and Wastewater Collection Capacity Fee Description of the Type of Fee This fee is not subject to AB1600 requirements and is included in this report only for information purposes. Fees imposed on new commercial developments (including mixed use projects), including new construction, remodels, additions and reconstruction that (i) have a floor area of 10,000 sq. ft. or more, and (ii) have a construction value of $200,000, or more, exclusive of costs for architecture, design, engineering, and required studies; and all new residential projects of five or more units to fund public art for private developments. (PAMC 16.61) The water and wastewater collection system capacity fees are used to buy into existing water distribution and wastewater collection systems and to recover the proportionate cost of system improvements required to serve the new customers of increased loads of existing customers. These are one‐time fees paid before the water or wastewater services are upgraded or installed. Utility capacity fees received are placed in a special fund and used exclusively for water and sanitary sewer capital improvement projects. Amount of the Fee 1% of first $120.25 million construction valuation and 0.9% of construction valuation for valuation in excess of $120.25 million Water Capacity Fees: 5/8 in., 3/4 in E‐Meter. $3,750, 1 in. E‐ Meter $6,250, 1 1/2 in. E‐Meter $18,850, 2 in. E‐Meter $31,250, 4 in. Compound Meter by est. $125/FU (min. 5,000 FU) , 6 in. Compound Meter by est. $125/FU (min. 7,000 FU) Fire Service Capacity Fees: 2 in. $750, 4 in. $8,425, 6 in. $18,250, 8 in. $30,950, 10in. $48,110 Sewer Capacity Charges: 4 in. connection with 5/8 in Water Meter (WM) $5,250, 4 in connection. with 1‐in WM $10,500, 4 or 6 in. connection with 1‐1/2 in WM $31,668, 6 in. connection with 2 in. WM $52,500, 6 in. and larger connection with 4 in. or larger WM by est. at $210/FU Fund Balance July 1, 2022 1,925,710 FY 2023 Activity Revenues Fees Collected Interest Earnings 261,001 42,512 Unrealized Gain/(Loss) Investments Operating Transfer from General Fund Capacity Fees Collected ‐ Water Total Revenues (48,425) 184,000 131,275 131,275439,088 Expenditures Salaries and benefits Other Contract Services Liability Insurance Total Expenditures (255,040) (16,000) (2,324) (273,364) Ending Balance June 30, 2023 2,091,434 Reserves Other Commitments/Appropriations Total Reserves (40,000) (40,000) Net Funds Available 2,051,434 City of Palo Alto FY 2023 Use of Fees Summary % of Total Fee Fund FY 2023 Expenditures (Actual)FY 2023 Interfund Transfers Project Cost Construction Start Date Stanford Research Park/El Camino Real Traffic Impact Fee None in FY 2023 None in FY 2023 None in FY 2023 None in FY 2023 None in FY 2023 N/A N/A San Antonio/West Bayshore Traffic Impact Fee Commercial Housing Impact Fee 36% N/AExpended $38,000 directly in the Commercial Housing Impact Fee Fund, related to staffing costs and internal costs to support housing grant work for Permanent Local Housing Allocation (PLHA) N/A Entitlement Funding and Local Housing Trust Fund (LHRF). General Government Facilities None in FY 2023 None in FY 2023 N/A N/A Community Facilities ‐ Parks Development Fee Boulware Park (PE‐17005)$343,580 in Capital Project Fund $237,280 in Capital Project Fund $143,530 in Capital Project Fund $1,930,000 to Capital Project Fund $383,633 to Capital Project Fund $336,700 to Capital Project Fund 36% 4% Construction scheduled to commence summer 2024. Phase 1 construction began fall 2021.Rinconada Park (PE‐08001) Park Restroom Installation (PG‐19000)36%FY 2024, with additional projects beginning in FY 2026 and FY 2028 Community Facilities ‐ Community Centers Development Fee Community Facilities ‐ Library Development Fee Residential Housing Impact Fee None in FY 2023 None in FY 2023 None in FY 2023 N/A N/A N/A N/ANone in FY 2023 City of Palo Alto FY 2023 Use of Fees Summary % of Total Project Cost N/A Fee Fund FY 2023 Expenditures (Actual) None in FY 2023 FY 2023 Interfund Transfers None in FY 2023 Construction Start Date N/A Charleston‐Arastradero Corridor Pedestrian and Bicyclist Safety Charleston/Arastradero Corridor Project (PE‐13011)$35,000 in Capital Project Fund $35,000 to Capital Project Fund $395,000 to Capital Projects Fund 1%Phases 1 and 2 began June 2018 Citywide Transportation Traffic Signal and Intelligent Transportation (PL‐05030 )$232,810 in Capital Project Fund 42%Project start was circa FY 2005. Fee funds used for ongoing upgrades to the City's comprehensive traffic management system, including traffic signal equipment and on‐call traffic design/engineering services. Public Safety Facility Development Fee None in FY 2023 None in FY 2023 None in FY 2023 N/A 95% N/A University Avenue Parking In‐Lieu Fee New Downtown Parking Garage (PE‐15007)$92,000 to Capital Project Fund Project currently in planning and design. Construction start date is TBD. Residential Housing In‐Lieu Fee Fund Expended $38,000 directly in the Residential Housing In‐Lieu Fee Fund, related to staffing costs and internal costs to support housing grant work for PLHA and LHRF and Below Market Rate (BMR) administration. Parkland Dedication None in FY 2023 None in FY 2023 None in FY 2023 None in FY 2023 None in FY 2023 None in FY 2023 N/A N/A N/A N/A N/A N/A Public Art Fund Water and Wastewater Collection *NOT YET APPROVED* Resolution No. _____ Attachment B Resolution of the Council of the City of Palo Alto Accepting the Development Impact Fee Report for the Period Ending June 30, 2023 and Making Findings Regarding the Continuing Need for Development Impact Fees Collected but Not Expended R E C I T A L S A. Government Code Sections 66000 et seq., commonly known as the Mitigation Fee Act, regulates the imposition, collections, expenditure, and reporting of development impact fees; and B. Government Code Section 66006 requires that certain information be made available to the public regarding development impact fees on an annual basis; and C. Government Code Section 66001 requires the City Council to make findings describing the continuing need for impact fees every five years specifying the intended use of any unexpended impact fees; and D. The City of Palo Alto imposes various development impact fees, and has prepared the Development Impact Fee Report for the Period Ending June 30, 2023, which contains the information required by Government Code 66006 for these fees; and E. The City of Palo Alto also imposes in-lieu fees and dedication fees in connection with development projects and although the Mitigation Fee Act’s requirements do not apply to these fees, the Development Impact Fee Report for the Period Ending June 30, 2023 includes information regarding those fees in its annual report in the interest of transparency. F. The Development Impact Fee Report for the Period Ending June 30, 2023 was published on the City of Palo Alto website on December 29, 2023. G. The City Council has read and considered the Development Impact Fee Report for the Period Ending June 30, 2023. The Council of the City of Palo Alto RESOLVES as follows: Section 1.The City Council accepts the Development Impact Fee Report for the Period Ending June 30, 2023 as required by Government Code 66006. Section 2.Based on the Development Impact Fee Report for the Period Ending June 30, 2023, and the Schedule of Improvements and Expenditures attached as Exhibit 1 to this resolution, the City Council makes the following findings as required by Government Code Section 66001 with regard to fees collected but not expended for the following development impact fees: 1 0003_20240125_ca29 *NOT YET APPROVED*Attachment B Stanford Research Park/El Camino Real Traffic Impact Fee A. The purpose of this fee is to fund traffic-related improvements at eight designated intersections within the Stanford Research Park/El Camino Real CS zone. B. The fee is reasonably related to its purpose because the fee is imposed on new non- residential development, which is expected to generate an average of eighty percent of new commute period traffic at the designated intersections, and the amount of the fee is based upon the estimated cost of the capacity improvements at the designated intersections. C. The sources and amounts of funding anticipated for incomplete improvements is set forth in Exhibit 1 to this resolution. D. The approximate dates on which the funding is expected to be deposited into the appropriate account is set forth in Exhibit 1 to this resolution. San Antonio/West Bayshore Area Traffic Impact Fee A. The purpose of this fee is to fund the cost of capital expenditures needed to provide operational improvements at certain intersections in the San Antonio/West Bayshore Area. B. This fee is reasonably related to its purpose because the fee is imposed on new development in the San Antonio/West Bayshore Area, and the San Antonio/West Bayshore Environmental Impact Report (EIR) showed that these improvements are necessary to mitigate the demonstrated significant traffic impacts of such new development. C. The sources and amounts of funding anticipated for incomplete improvements/facilities is set forth in Exhibit 1 to this resolution. D. The approximate dates on which the funding is expected to be deposited into the appropriate account is set forth in Exhibit 1 to this resolution. Citywide Transportation Impact Fee A. The purpose of this impact fee is to fund the cost of citywide transportation enhancements, or public facilities and services that relieve citywide traffic congestion caused by new development projects. B. The fee is reasonably related to its purpose because the fee is imposed on development projects that cause traffic congestion on a citywide basis, calculated based on the additional traffic impacts attributable to the project, and fee funds are used only on eligible citywide transportation enhancements. C. The sources and amounts of funding anticipated for incomplete improvements/facilities is set forth in Exhibit 1 to this resolution. D. The approximate dates on which the funding is expected to be deposited into the appropriate account is set forth in Exhibit 1 to this resolution. 2 0003_20240125_ca29 *NOT YET APPROVED*Attachment B University Avenue Parking In-Lieu A. The purpose of this fee is to fund the cost of providing public parking facilities to serve nonresidential development within the University Avenue parking assessment district area that does not provide adequate new off-street parking spaces to satisfy the requirements of the zoning code. B. The fee is reasonably related to its purpose because the fees will be used for the construction of additional public parking spaces within the University Avenue parking assessment district area. C. The sources and amounts of funding anticipated for incomplete improvements/facilities is set forth in Exhibit 1 to this resolution. D. The approximate dates on which the funding is expected to be deposited into the appropriate account is set forth in Exhibit 1 to this resolution. In addition to the estimated expenditures stated in Exhibit 1, the City has also allocated $1.3 million of the unexpended fund balance for resolution of pending litigation (Hamilton and High, LLC, et al. v. City of Palo Alto, et al. Case No. 20CV366967, Superior Court of California, Santa Clara County). Commercial Housing Impact Fee Fund A. The purpose of this fee is to offset the demand that new jobs create for low and moderate-income housing in the city as a result of commercial and industrial development by supporting below-market rate housing at various levels of affordability. B. The fee is reasonably related to its purpose because the fees are expended exclusively to provide housing affordable to very low income, lower income, and moderate income households in the city, consistent with the goals and policies contained in the City's housing element and for administration and compliance monitoring of the City’s affordable housing program. C. The sources and amounts of funding anticipated for incomplete improvements/facilities is set forth in Exhibit 1 to this resolution. D. The approximate dates on which the funding is expected to be deposited into the appropriate account is set forth in Exhibit 1 to this resolution. // // // // // 3 0003_20240125_ca29 *NOT YET APPROVED*Attachment B SECTION 3. The Council finds that adoption of this resolution is not a project as defined by the California Environmental Quality Act (CEQA) in that it is a fiscal activity which does not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment. CEQA Guidelines section 15378(b)(4). INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST: __________________________ City Clerk _____________________________ Mayor APPROVED AS TO FORM:APPROVED: __________________________ Chief Assistant City Attorney _____________________________ City Manager _____________________________ Director of Administrative Services 4 0003_20240125_ca29 Exhibit 1 Schedule of Improvments and Expenditures Amount and Approximate Dates of Funding to be Deposited FY 2023 and Prior FY 2024 FY 2025 FY 2026 FY 2027Improvement/Public Facility Funding Source FY 2028 Additional Funding Sources; Notes Traffic Signal and Intelligent Transporation Refer to City of Palo Alto FY 2024 Systems (PL-05053)San Antonio/W. Bayshore Impact Fee Fund $ $ $ $ 900,000 900,000 Adopted Capital Budget, pp. 330-331 San Antonio/Charleston intersection improvements (PE-86070) Refer to City of Palo Alto FY 2024 Adopted Capital Budget, pp. 290-291San Antonio/W. Bayshore Impact Fee Fund San Antonio/W. Bayshore Impact Fee Fund $ $ 400,000 Refer to City of Palo Alto FY 2024 Adopted Capital Budget, pp. 290-291San Antonio Overpass (PE-86070)900,000 Refer to City of Palo Alto FY 2024 Adopted Capital Budget, pp. 304-305Churchill Ave Enhanced Bikeway (PL-14000) Citywide Traffic Impact Fee Fund 1,000,000 Traffic Signal and Intelligent Transportation Systems (PL-05030) Refer to City of Palo Alto FY 2024 395,000 Adopted Capital Budget, pp. 330-331 Refer to City of Palo Alto FY 2024 Citywide Traffic Impact Fee Fund $395,000 395,000 $395,000 $395,000 $ Adopted Capital Budget, pp. 158-159. In December 2023, the City Council directed staff to resume work on the Downtown Parking Garage project in conjunction with the development of affordable housing on City-owned parking lots. Project budget, funding amounts and dates will be updated in the FY 2025-2029 Capital Improvement Downtown Parking Garage (PE-15007) 2811 Alma Street Downtown Parking In-Lieu Fee Fund Commercial Housing Impact Fee Commercial Housing Impact Fee $ $ $ 1,300,000 1,290,000 4,137,254 $5,448,600 Program. Affordable housing units managed by Alta Housing Affordable housing units managed by Eden Housing Management801 Alma Street Affordable housing units managed by Buena Vista Mobile Home Park Wilton Court Commercial Housing Impact Fee Commercial Housing Impact Fee $ $ 7,700,000 Santa Clara County Housing Authority Affordable housing units managed by Alta Housing10,502,309 The Planning and Development Services Department will be releasing a notice of funding availability (NOFA) in February 2024 and remaining funding should be allocated in FY 2024; a minimum balance will be maintained to account for unrealized losses as these funds are invested until the time of disbursement. Project constructed in partnership Community Development Block Grant- additional eligible affordable housing units/affordable housing program expenditures Commercial Housing Impact Fee $2,000,000 Page Mill Road/Hanover Street Intersection Stanford Research Park/El Camino Real Traffic Improvements Impact Fee $2,200,000 with County of Santa ClaraProject to be constructed in partnership with County of Santa Clara with tenative construction start in FYPage Mill Road/El Camino Real Intersection Stanford Research Park/El Camino Real Traffic Improvements Impact Fee $1,000,000 2026 Funding amounts and dates will be Traffic Signal and Intelligent Transportation Stanford Research Park/El Camino Real Traffic Systems (PL-05030) Impact Fee updated in the FY 2025-2029 Capital $50,000 Improvement Program.$50,000 $50,000 $50,000