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Annual and Five-Year Development Impact Fee Report <br />Fiscal Year Ending June 30, 2024 <br />City of Redwood City 28 <br />Table 20 Water Capacity Fee: Fiscal Year 2023-24 Expenditures <br />Improve me nt Na me <br />FY 2023-24 Account <br />Expenditures <br />Tota l <br />Proje ct Costs [1] <br />Approx ima te Da te <br />of Project <br />Com me nce me nt <br />FY 2023-24 <br />Expenditures a s <br />% of Tota l Costs <br />CAPITAL EXPENDITURES <br />Annual Bond Repay ments for Recyc led Water <br />Facilities [1] [2]$992,466 $3,969,863 n/a 25.0% <br />Subtota l, Ca pita l Ex pe nditure s $992,466 <br />OTHER EXPENDITURES <br />No Other Expenditures $0 <br />Subtota l, Othe r Expe nditure s $0 <br />TOTAL EXPENDITURES $992,466 <br />[1] Includes annual bond repaym ents for recycled water facilities s uch as tanks and pipe extens ions , of which 25% is paid for by fee revenue. <br />Total project cos ts are bas ed on repaym ent s chedule. <br />[2] Includes expenditures m ade with revenues the form er water capacity fee and water facilities fee and the new water capacity fee, which replaced <br />and cons olidated the form er fees and becam e effective on March 22, 2024. <br /> <br />6.A. - Page 37 of 55 <br />42