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6.B. - Page 3 of 29 Improvement Program available here: https://www.redwoodcity.org/departments/administrative- services/finance/financial-information-reports/transportation-impact-fee-report Additionally, staff are currently conducting a nexus study for the Parks Impact Fee. Staff are evaluating Parks Impact Fee revenue collected since inception, whether fees have been sufficient to meet park needs, and are comparing the City's fee to neighboring jurisdictions. Staff plan to present a proposed update to the Parks Impact Fee to City Council in the spring. ANALYSIS Reporting Requirements The California Government Code requires that the fifth fiscal year following the first impact fee deposit into the account or fund, and every five years thereafter, the local agency shall make all of the following findings regarding remaining funds, whether committed or uncommitted: 1. Identify the purpose to which the fee is to be put. 2. Demonstrate a reasonable relationship between the fee and the purpose for which it is charged. 3. Identify all sources and amounts of funding anticipated to complete financing in incomplete improvements. 4. Designate the approximate dates on which the funding is expected to be deposited into the appropriate account or fund. To ensure consistency and regularity, staff provides the findings basis in an annual Development Impact Fees Report (Attachment A) and the City Council then formalizes the findings through resolution (Attachment B). In addition, pursuant to the California Government Code, local agencies must make information related to impact fees available to the public. The City makes this information available annually. The FY2018-19 report was made available to the public online and in the City Clerk's office and public notice was provided through the City's website. Additionally, notice was mailed to all interested parties as required by the California Government Code. City staff has compiled this information relating to impact fees in Attachment A, the Development Impact Fees Report, which responds to the following Government Code requirements: 1. A brief description of the type of fee in the account or fund 2. The amount of the fee 3. The beginning and ending balance of the account or fund 4. The amount of the fees collected and the interest earned 5. An identification of each public improvement on which fees were expended and the amount of the expenditures on each improvement, including the total percentage of the cost of the public improvement that was funded with fees 6. An identification of an approximate date by which the construction of the public improvement will commence if the local agency determines that sufficient funds have been collected to complete financing on an incomplete public improvement and the public improvement remains incomplete Page 3 of 6 City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore 25