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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 4 <br />As a CIP project is identified, the project is evaluated to determine the portion of the project that <br />will serve existing residents and businesses versus new development. This analysis is used to <br />determine the portion of the project that is eligible to receive impact fee funding. The anticipated <br />funding and commencement dates for projects are indicated and may be adjusted, as needed, to <br />reflect the needs of the community, funding constraints, and development priorities. Any <br />modification of impact fee funding within the CIP requires Council action. Mid‐year CIP budget <br />adjustments may occur as needed wherein staff seeks City Council approval to modify the CIP <br />list of projects, or to modify the budget allocated to specific CIP projects. <br />AB 602 provides further specification and requires adoption of a CIP along with the adoption of a <br />fee program for all fee programs adopted on or after January 1, 2022. Under Government Code <br />66016.5, AB 602 requires that “large jurisdictions shall adopt a capital improvement plan as a <br />part of the nexus study.” The City has adopted a CIP for its Parks and Transportation Impact Fee <br />programs pursuant to Government Code sections 66016.5 and 66002. <br /> <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 />