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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 40 <br />Table 26 Parking In-Lieu Fee Project Identification <br /> <br /> <br /> <br /> <br /> <br />Project CIP <br />(Y/N) <br />Estimated <br />Start Year <br />Total Project <br />Costs <br />% Funded <br />with Fee <br />Revenue <br />Amount <br />Funded with <br />Fee Revenue <br />Potential Other <br />Funding Sources <br />County Parking <br />Garage Permit <br />Program <br />N FY 2025-26 $4,000,000 100% $4,000,000 <br />County Funds; Parking <br />Fund <br />Transportation <br />Demand <br />Management (TDM) <br />Initiation Costs <br />N FY 2023-24 $400,000 100% $400,000 <br />Transportation Demand <br />Management (TDM) <br />Fees; Parking Fund <br />Garage Parking <br />System Y FY 2023-24 $700,000 100% $700,000 <br />Shared Parking <br />Program N FY 2025-26 $500,000 100% $500,000 <br />Expand Active <br />Parking <br />Management <br />Program <br />Y FY 2025-26 $1,790,000 100% $1,790,000 <br />Downtown Parking <br />Lot Modifications Y FY 2026-27 $2,500,000 100% $2,500,000 <br />TOTAL $9,890,000 100% $9,890,000 <br />All project costs are <br />anticipated to be <br />funded with parking in- <br />lieu fee revenue. No <br />other funding sources <br />are required. <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 50 of 55 <br />61