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Annual and Five-Year Development Impact Fee Report <br />Fiscal Year Ending June 30, 2024 <br />City of Redwood City 39 <br />Table 25 Parking In-Lieu Fee Project Identification <br />Proje ct <br />CIP <br />(Y/N) <br />Estim a te d <br />Sta rt Ye a r <br />Tota l Proje ct <br />Costs <br />% Funde d <br />w ith Fe e <br />Re ve nue <br />Amount <br />Funde d w ith <br />Fe e Re ve nue <br />Pote nti a l Othe r <br />Funding Source s <br />County Parking <br />Garage Permit <br />Program <br />N FY 25/26 $4,000,000 100%$4,000,000 County Funds ; Park ing <br />Fund <br />Trans portation <br />Demand <br />Management (TDM) <br />Initiation Costs <br />N FY 23/24 $400,000 100%$400,000 <br />Transportation Demand <br />Management (TDM) <br />Fees ; Parking Fund <br />Garage Parking <br />System Y FY 23/24 $700,000 100%$700,000 <br />Shared Parking <br />Program N FY 25/26 $500,000 100%$500,000 <br />Expanded Downtown <br />Meter Zone Y FY 25/26 $1,500,000 100%$1,500,000 <br />Modify downtown <br />s urface parking lot s <br />(downtown park) <br />Y FY 26/27 $2,500,000 100%$2,500,000 <br />TOTAL $9,600,000 100%$9,600,000 <br />All projec t c osts are <br />anticipated to be <br />funded with park ing in- <br />lieu fee revenue. No <br />other funding sourc es <br />are required. <br /> <br />6.A. - Page 48 of 55 <br />53