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6.F. - Page 14 of 31 <br />12/21/2018 <br />B. Parks Impact Fee <br />Fee Findings Requirements <br />1. Identify the purpose to which the fee is to be put. <br />The purpose of the Parks Impact Fee is to augment recreational opportunities <br />through the improvement of parks in order to compensate for increased demand <br />for City facilities and services brought about by new development and the <br />associated increase in population. <br />2. Demonstrate a reasonable relationship between the fee and the purpose for <br />which it is charged. <br />Based on the City's current population and existing park facilities, the City's <br />existing level of service is 2.14 acres of park area for every 1,000 residents. <br />The City's General Plan level of service goal is 3 acres of parks for every 1,000 <br />residents. This reasonable relationship remains between the current need for <br />the Fee and the purpose for which it was originally collected because the City's <br />level of service goal is 3 acres of parks for every 1,000 residents. New housing <br />developments increase the number of residents but do not always add additional <br />park space with their projects. The fee collected is used to offset/increase the level <br />of service for park acreage for the added residents. Redwood City has remained <br />at 185.52 acres for FY 17-18, providing 2.14 acres per 1,000 residents. <br />3. Identify all sources and amounts of funding anticipated to complete financing in <br />incomplete improvements. <br />All sources and amounts of funding anticipated to complete financing in <br />incomplete improvements are listed in Table H, at the end of the Parks Impact <br />Fee section. <br />4. Designate the approximate dates on which the funding is expected to be deposited <br />into the appropriate account or fund. <br />The approximate date on which the funding is expected to be deposited into the <br />appropriate fund is listed in Table H, at the end of the Parks Impact Fee section. <br />Fee Details Requirements <br />1) A brief description of the type of fee in the account or fund <br />The Parks Impact Fee is imposed as a condition of the issuance of any permit for <br />any residential development. Section 18.260 of the Municipal Code establishes <br />the Parks Impact Fund. Specifically, this section provides: <br />The fund shall be maintained as required by Government <br />Code Section 66006. Revenues from impact fees shall be <br />Development Impact Fees Report FY 2017-2018 Page 8 of 18 <br />314 <br />