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Annual and Five-Year Development Impact Fee Report <br />Fiscal Year Ending June 30, 2024 <br />City of Redwood City 43 <br />Table 27 Wastewater Collection Capacity Fee Project Identification <br /> <br />Proje ct <br />CIP <br />(Y/N) <br />Estima 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 />Othe r Fundi ng <br />Source s <br />W alnut Street Sewer <br />main Upsiz ing (B6)Y Nex t 5 Years $4,000,000 20%$800,000 <br />Capac ity Projec ts <br />(C1, C2, C3, C4, C7, <br />B1, B2, B3, B4, B5, <br />D1, D2, D3) <br />Y Next 5 - 15 <br />Years $28,000,000 100%$28,000,000 <br />TOTAL $32,000,000 90%$28,800,000 <br />Only a portion of the <br />improvements are <br />related to c apac ity - the <br />remaining project <br />c os t s will be funded by <br />rate revenues. <br />Water Capacity Fee <br />The following section identifies future projects and also specifically satisfies Government Code <br />Section 66013(d)(4)(C) by identifying each public improvement that is anticipated to be <br />undertaken in the following fiscal year. <br />The Water Capacity Fee is a one-time charge that the City imposes on residential and <br />non-residential customers to fund a proportionate share of the costs of existing and <br />future water system facilities and assets that are reasonably necessary to provide potable <br />and recycled water capacity for new development.. <br />The fees are based on an average cost approach under which new or expanded <br />developments would fund their proportionate share of costs for existing and planned <br />water capacity improvements. <br />There is an unexpended balance in the Water Capacity Fee Account, which is expected to <br />be used to fund capacity expansion projects including the Phase 2 Extension of the <br />Recycled Water Distribution System, capacity expanding improvements to the Main City <br />Recycled Water Tank and Pump Station, and other Recycled Water Quality Improvements <br />that reduce demand for potable water. <br />All identified improvements are needed to mitigate the impacts of future development on <br />the City’s water capacity. Each project is listed below in Table 28. Information about the <br />total project cost, the estimated start year, and other funding sources are noted. None of <br />the identified projects are expected to commence in FY 2024-25, however, they are all <br />expected to commence within the next five years. <br />6.A. - Page 52 of 55 <br />57