Agda Pkt 2025.12.22 Joint SA PFA

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Annual and Five-Year Development Impact Fee Report Fiscal Year Ending June 30, 2025 City of Redwood City 42 Art in Public Places In-Lieu Fee • The Art-in-Public Places In-Lieu Fee allows new commercial developments exceeding 50,000 square feet to make a payment instead of installing on-site art. The fee revenue, when collected, is used to fund the provision of public art within the City. Major commercial developments can be iconic representations of the City’s identity, and in establishing the Public Art Fund, the City declared the following: (a) public art is a valuable means of promoting vibrancy, defining cultural uniqueness, building community, and improving the quality of life in the City; (b) the environment, image, and character of the City would be improved by public art; (c) public art helps make cities more livable and more visually stimulating; (d) the presence of and access to public art enlivens the public areas of buildings and their grounds and makes them more welcoming; (e) public art can illuminate the diversity and history of a community, create/nurture/promote positive community interactions and conversation, and foster the economic development of the community. • No in-lieu fee revenue has been collected from developers since the Art In-Lieu fund was established, and, therefore, the five-year findings are not required. There is $0 unexpended balance from developers in the Art In-Lieu fee fund and no specific projects to be funded. If a new development pays into the fund, the revenue would be used to fund a public art installation according to the procedures outlined in the enabling Ordinance. ATTY/RESO.0124/CC RESO ACCEPTING THE DEVELOPMENT IMPACT FEES REPORT FOR FISCAL YEAR 2024-25 - ATTACHMENT A REV: 12-05-25 MI 8.A. - Page 52 of 55 63