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Page 5 of 6 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br /> <br /> <br />In addition, pursuant to the California Government Code, local agencies must make information from the <br />prior Fiscal Year related to impact fees available to the public and bring that information to the City Council <br />for its review. The Fiscal Year 2024-25 report was made available to the public at the Redwood City Main <br />Library and City Clerk’s Office and through the City’s website within 180 days after the end of the fiscal <br />year and at least 15 days prior to its adoption. Additionally, notice was mailed to interested parties as <br />required by the California Government Code. <br /> <br />City staff has compiled this information relating to impact fees in Attachment A, the Development Impact <br />Fees Report, which responds to the following Government Code requirements: <br />1. A brief description of the type of fee in the account or fund <br />2. The amount of the fee <br />3. The beginning and ending balance of the account or fund <br />4. The amount of the fees collected, and the interest earned <br />5. An identification of each public improvement on which fees were expended and the amount of <br />the expenditures on each improvement, including the total percentage of the cost of the public <br />improvement that was funded with fees <br />6. An identification of an approximate date by which the construction of the public improvement <br />will commence if the local agency determines that sufficient funds have been collected to <br />complete financing on an incomplete public improvement and the public improvement remains <br />incomplete <br />7. A description of each interfund transfer or loan made from the account or fund, including the <br />public improvement on which the transferred or loaned fees will be expended, and, in the case of <br />an interfund loan, the date on which the loan will be repaid, and the rate of interest that the <br />account or fund will receive on the loan <br />8. The amount of refunds made pursuant to subdivision (e) of Section 66001 and any allocations <br />pursuant to subdivision (f) of Section 66001. <br />EQUITY IMPACT STATEMENT <br />The Development Impact Fees Report funds work across multiple City departments to advance equitable <br />outcomes in Redwood City. Since 2021, each department has identified a specific equity commitment <br />within its departmental goals, which may be found in each department’s section of the Adopted Budget. <br />FISCAL IMPACT <br />There is no fiscal impact associated with accepting the Development Impact Fees Report or making the <br />findings as required by State law. <br />8.A. - Page 5 of 55 <br />16