Laserfiche WebLink
Annual and Five-Year Development Impact Fee Report <br />Fiscal Year Ending June 30, 2024 <br />City of Redwood City 29 <br />Approximate Date of Construction <br />66006(b)(1)(F) <br />Section 66006 (b) (1) (F) of the Mitigation Fee Act requires an identification of an approximate <br />date by which the construction of the public improvement will commence if the local agency <br />determines that sufficient funds have been collected to complete financing on an incomplete <br />public improvement. The City of Redwood City has determined that there are no public <br />improvements for which sufficient funds have been collected to complete financing and begin <br />construction. <br />Improvements funded with fee revenue are either already under construction and in progress <br />(see FY 2023-24 Expenditures, Tables 7 through 20) or identified but still waiting for sufficient <br />funding to accrue before commencing construction (projects identified in Tables 22 through <br />28. <br />As of October 2023, Section 66006 has been amended to include Sections 66006 (F) (ii) and <br />66006 (F) (iii) which requires: <br />A list of public improvements previously identified in the AB 1600 report (FY 2022/23), <br />along with confirmation of whether construction started as planned; and, <br />If construction has not begun by the expected date, an explanation for the delay and a <br />new estimated start date. <br />Projects listed in the City's prior AB 1600 report (FY 2022/23) as anticipated for commencement <br />in FY 2023-24 are presented in Table 21. Details for each project are provided in accordance <br />with Sections 66006(F)(ii) and 66006(F)(iii). As shown, all projects slated to commence in FY <br />2023-24 are underway. <br />Table 21 Compliance with 66006(F)(ii) and 66006(F)(iii) <br />Proje ct <br />Comme nce d in <br />FY 2023-24? <br />(Y/N) <br />Re a son for Not <br />Comme ncing, if <br />Applica ble <br />Estima te d Da te of <br />Proje ct <br />Comple tion <br />Funding <br />Source <br />Broadway Plaz a Y N/A FY2025/26 <br />Affordable <br />Housing <br />Impact Fee <br />Affordable Hous ing <br />Pres ervation Program Y N/A Program is ongoing <br />Affordable <br />Housing <br />Impact Fee <br />Transportation Demand <br />Management (TDM) Initiation <br />Cost s <br />Y N/A FY2025/26 <br />Downtown <br />Park ing In- <br />Lieu Fee <br />Garage Park ing Sys tem <br />Y N/A <br />FY2024/25 <br />Downtown <br />Park ing In- <br />Lieu Fee <br />353 Main Street Affordable <br />Family Apartments Y N/A FY2024/25 <br />Affordable <br />Housing In- <br />Lieu Fee <br />6.A. - Page 38 of 55 <br />43