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Annual and Five-Year Development Impact Fee Report Fiscal Year Ending June 30, 2025 City of Redwood City 35 Park Impact Fee • The purpose of the Parks Impact Fee is to augment recreational opportunities through the improvement of parks, as defined in Section 18.257 of the City’s Municipal Code, in order to compensate for increased demand for City facilities and services brought about by new development and the associated increase in population. • In FY 2024-25, the City’s service standard was 2.75 acres of park area for every 1,000 residents/resident-equivalents. The City established the proportionate use of and demand for parks by residents and workers in the City. These established standards/needs and metrics ensure a reasonable relationship between the land uses paying the fees and the identified public facilities. The reasonable relationship between the Parks Impact Fee and the purpose for which it is charged is demonstrated in the adopted Nexus Analysis for Redwood City Park Fee Update (2022 Study). • The unexpended balance will be used for land acquisition for new parks (e.g., Downtown Neighborhood and Mt. Carmel/ Eagle Hill/ Edgewood Neighborhoods) and the conversion of traffic islands to pocket parks, as well as capacity-enhancing improvements to existing parks and recreation centers, and synthetic turf projects. All identified improvements are needed to mitigate the impacts of future development on the City’s park and recreation network. Each project is listed below in Table 24. Information about the total project cost, the estimated start year, and other funding sources are noted. ATTY/RESO.0124/CC RESO ACCEPTING THE DEVELOPMENT IMPACT FEES REPORT FOR FISCAL YEAR 2024-25 - ATTACHMENT A REV: 12-05-25 MI