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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 21 <br />Table 14 Downtown Parking In Lieu Fee: FY 2024-25 Expenditures <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Improvement Name <br />FY 2024-25 <br />Account <br />Expenditures <br />Total <br />Project <br />Costs <br />Approximate Date <br />of Project <br />Commencement <br />FY 2024-25 <br />Expenditures as <br />% of Total Costs <br />CAPITAL EXPENDITURES <br />Garage Parking System $52,776 $700,000 FY 2023-24 7.5% <br />Subtotal, Capital Expenditures $52,776 <br />OTHER EXPENDITURES <br />Development of Transportation Management <br />Association [1]$7,773 <br />Subtotal, Other Expenditures $7,773 <br />TOTAL EXPENDITURES $60,549 <br />[1] The development of a Transportation Management Association (TMA) will help improve the efficiency of parking facilities <br />to expand the availability of parking. This would be done through various measures such as procuring and managing shared <br />parking agreements to open new parking to the public, management of valet operations in existing facilities to expand their use, <br />and implementing measures such as carpools and shuttles to reduce parking demand. <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 /> <br />8.A. - Page 31 of 55 <br />42