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Annual and Five-Year Development Impact Fee Report <br />Fiscal Year Ending June 30, 2024 <br />City of Redwood City 31 <br />FIVE-YEAR REPORT AND FINDINGS <br />California Government Code Section 66001(d)(1) requires the City to make findings every fifth <br />year with respect to that portion of each impact fee account that remains unexpended as of June <br />30, 2024, whether encumbered to a specific project or remaining unencumbered in an impact fee <br />account. Therefore, the City is reporting the following findings relating to each of the fee <br />programs for which a positive account balance is reported. <br />66001(d)(1)(A): Identify the purpose to which the fee is to be put. <br />66001(d)(1)(B): Demonstrate a reasonable relationship between the fee and purpose for <br />which it is charged. <br />66001(d)(1)(C): Identify all sources and amounts of funding anticipated to complete <br />financing in incomplete improvements. <br />66001(d)(1)(D): Designate the approximate dates on which the funding is expected to be <br />deposited into the appropriate account or fund. <br />The City is not reporting on findings for the Public Art In-Lieu Fee because the program has not <br />collected fee revenue. In addition, it is not required that the City make findings related to the <br />Park Impact Fee because the Park Impact Fee Account has a negative balance as of the end of <br />the fiscal year. However, the fee program is expected to continue to generate revenue, and the <br />Parks Impact Fee Program CIP was recently updated and reflects the City’s current priorities for <br />future capital projects. For these reasons, the City is electing to make findings related to the <br />Park Impact Fee Account. <br />6.A. - Page 40 of 55 <br />45