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Annual and Five-Year Development Impact Fee Report <br />Fiscal Year Ending June 30, 2024 <br />City of Redwood City 22 <br />Table 14 Downtown Parking In Lieu Fee: FY 2023-24 Expenditures <br />Im prove me nt Na me <br />FY 2023-24 <br />Account <br />Ex pe nditure s <br />Tota l <br />Proje ct <br />Costs <br />Approx ima te Da te <br />of Proje ct <br />Comme nce me nt <br />FY 2023-24 <br />Ex pe nditure s a s <br />% of Tota l Costs <br />CAPITAL EXPENDI TURES <br />No Capital Expenditures $0 n/a n/a n/a <br />Subtota l, Ca pita l Ex pe nditure s $0 <br />OTHER EXPENDITURES <br />Development of Transportation Management <br />Ass oc iation [1]$22,530 <br />Subtota l, Othe r Ex pe nditure s $22,530 <br />TOTAL EXPENDITURES $22,530 <br />[1] The development of a Transportation Management As sociation (TMA) will help improve the effic iency of parking facilities <br />to expand the availability of park ing. This would be done through various measures such as proc uring and managing s hared <br />parking agreements to open new parking to the public , management of valet operations in exis ting facilities to ex pand their us e, <br />and implementing meas ures s uch as carpools and shuttles to reduc e park ing demand. <br />6.A. - Page 31 of 55 <br />36