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Annual and Five-Year Development Impact Fee Report <br />Fiscal Year Ending June 30, 2025 <br /> <br />City of Redwood City 31 <br />Interfund Transfers or Loans <br />66006(b)(1)(G) and 66013(d)(5) <br />Section 66006 (b) (1) (G) of the Mitigation Fee Act requires a description of each interfund <br />transfer or loan made from the account or fund, including the public improvement on which the <br />transferred or loaned fees will be expended; and, in the case of an interfund loan, the terms of <br />the loan, including the repayment schedule for the loan, and the rate of interest that the account <br />or fund will receive on the loan. <br />Summary of Refunds <br />66006(b)(1)(H) <br />Section 66006 (b) (1) (H) of the Mitigation Fee Act requires a summary of any refunds made, <br />and their respective amount, due to sufficient funds being collected to complete financing of <br />scheduled public improvements and the amount of reallocation of funds made due to <br />administrative costs of refunding unexpended revenues exceeding the amount to be refunded. <br />At this time, all fees collected have been earmarked for current or future capital projects <br />necessary to maintain the current levels of service to serve new development. <br /> <br />ATTY/RESO.0124/CC RESO ACCEPTING THE DEVELOPMENT IMPACT FEES REPORT FOR FISCAL YEAR 2024-25 - ATTACHMENT A <br />REV: 12-05-25 MI <br />