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Annual and Five-Year Development Impact Fee Report <br />Fiscal Year Ending June 30, 2024 <br />City of Redwood City 41 <br />Art in Public Places In-Lieu Fee <br />The Art-in-Public Places In-Lieu Fee allows new commercial developments exceeding <br />50,000 square feet to make a payment instead of installing on-site art. The fee revenue, <br />when collected, is used to fund the provision of public art within the City. Major <br />commercial developments can be iconic representations of the City’s identity, and in <br />establishing the Public Art Fund, the City declared the following: <br />(a) public art is a valuable means of promoting vibrancy, defining cultural <br />uniqueness, building community, and improving the quality of life in the City; <br />(b) the environment, image, and character of the City would be improved <br />by public art; <br />(c) public art helps make cities more livable and more visually stimulating; <br />(d) the presence of and access to public art enlivens the public areas of buildings <br />and their grounds and makes them more welcoming; <br />(e) public art can illuminate the diversity and history of a community, <br />create/nurture/promote positive community interactions and conversation, and <br />foster the economic development of the community. <br />No in-lieu fee revenue has been collected from developers since the Art In-Lieu fund was <br />established, and, therefore, the five-year findings are not required. There is $0 <br />unexpended balance from developers in the Art In-Lieu fee fund and no specific projects <br />to be funded. If a new development pays into the fund, the revenue would be used to <br />fund a public art installation according to the procedures outlined in the enabling <br />Ordinance. <br />6.A. - Page 50 of 55 <br />55