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6.B. - Page 5 of 29
<br />Parks Impact Fee
<br />Funds collected in FY 2018-19: $ 176,382
<br />Balance: $13,715,139
<br />On October 22, 2007, the City Council enacted the Parks Impact Fee Ordinance, adding Article XVI
<br />(commencing with section 18.256) to Chapter 18 of the Municipal Code. These fees are intended to
<br />augment recreational opportunities through the improvement of parks in order to compensate for
<br />increased demand for City facilities and services brought about by new development and the associated
<br />increase in population. Examples of projects funded in part by the Parks Impact Fee include:
<br />. . . - . . 2nTRITO - .I . . .
<br />Project Name Total Year to Date
<br />(YTD) Expenditures
<br />Table 2: Example of Projects d by TransportationImpact
<br />Project Name
<br />Total Year to Date
<br />Total Impact Fees
<br />% of Expenditure
<br />$5,000,000
<br />(YTD) Expenditures
<br />Used
<br />Funded with Fee
<br />Traffic Calming (ex.
<br />$203,095
<br />$100,000
<br />49%
<br />Middlefield — Woodside
<br />50%
<br />Spinas Park Renovation
<br />$52,990
<br />Intersection Improvements,
<br />100%
<br />Synthetic Play Fields Conversion
<br />(MISC)
<br />$1,716,289
<br />Whipple Overlay, etc.)
<br />40%
<br />Blomquist Avenue Extension
<br />$155,903
<br />$110,441
<br />71%
<br />Middlefield Road / Woodside
<br />$262,207
<br />$262,207
<br />100%
<br />Road Improvements
<br />Parks Impact Fee
<br />Funds collected in FY 2018-19: $ 176,382
<br />Balance: $13,715,139
<br />On October 22, 2007, the City Council enacted the Parks Impact Fee Ordinance, adding Article XVI
<br />(commencing with section 18.256) to Chapter 18 of the Municipal Code. These fees are intended to
<br />augment recreational opportunities through the improvement of parks in order to compensate for
<br />increased demand for City facilities and services brought about by new development and the associated
<br />increase in population. Examples of projects funded in part by the Parks Impact Fee include:
<br />. . . - . . 2nTRITO - .I . . .
<br />Project Name Total Year to Date
<br />(YTD) Expenditures
<br />Total Impact Fees
<br />Used
<br />% of Expenditure
<br />Funded with Fee
<br />City -YMCA Environmental Impact
<br />Report (EIR) and Red Morton
<br />Master Plan
<br />$5,000,000
<br />$5,000,000
<br />100%
<br />Downtown Park
<br />$131,733
<br />$131,733
<br />100%
<br />Red Morton Armory Magical Bridge
<br />$7,437,240
<br />$2,744,906
<br />50%
<br />Spinas Park Renovation
<br />$52,990
<br />$52,990
<br />100%
<br />Synthetic Play Fields Conversion
<br />(MISC)
<br />$1,716,289
<br />$676,246
<br />40%
<br />Affordable Housing Impact Fee
<br />Funds collected in FY 2018-19: $1,071,180
<br />Balance: $3,672,067
<br />On December 7, 2015, the City Council adopted the Affordable Housing Impact Fee Ordinance, which has
<br />since been relocated to Article 29 of the Zoning Ordinance. The affordable housing impact fee provides
<br />revenue to create housing affordable to extremely low income, very low income, lower income, and
<br />moderate income households, consistent with the goals and policies contained in the City's Housing
<br />Element.
<br />Page 5 of 6
<br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore
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