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L i <br /> . � <br /> REPO <br /> RT <br /> To the Honorable Mayor and City Council <br /> from the City Manager <br /> December 6, 2004 <br /> Subject <br /> Transportation Impact Fee Account Report <br /> Recommendation <br /> Review and file the Transportation Impact Fee Account Report for Fiscal Year 2003/2004. <br /> Background <br /> The Mitigation Fee Act enacted in the California Govemment Code (Sections 66000, et <br /> seq.) establishes requirements for reporting of receipt and expenditure of development <br /> impact fees, which includes Redwood City's Transportation lmpact Fee. The account <br /> report must include: <br /> 1. A brief description of the type of fee in the account; <br /> 2. The amount of the fee; <br /> 3. The beginning and ending balance of ti�e account for the fiscal year; <br /> 4. The amount of fees collected; <br /> 5. The amount of interest earned; <br /> 6. Identification of each public improvement for which fees from the account were <br /> expended, the amount of expenditures on each improvement and an identification <br /> of the percentage of the cost of th� im�rouement that was funded with impact fees; <br /> 7. Identification of an approximate date by which construction of the public <br /> improvement will commence if the local agency determines that sufficient funds <br /> have been collected to complete fiin�ncing on an incomplete public improvement <br /> and the public improvement remains incomplete; <br /> 8. Description of each inter-f��nd transfer or loan made from the account, including the <br /> public improvement for which the transferred or loaned fees will be expended; <br /> 9. Findings, if fees remain unexpended or uncommitted five years after collected; and <br /> 10.The amount of any refunds made pursuant to statute. <br /> These reporting requirements are addressed in the oveniiew and body of the City of <br /> . Redwood City Transportation Impact Fee Account Report ("Account Report"), which is <br /> appended as Attachment "A". Regarding requirement seven, the overview section of the <br /> report identifies an approximate date by which construction will commence on several <br /> projects for which sufficient funds have been collected to complete financing. The report <br /> also identifies several programs that have already constructed improvements or conducted <br /> operations, including the Traffie Calming Program and the ADA Ramp Program (sidewalk <br /> improvements), for which sufficient funds have been collected to conduct such projects for <br /> the next several years. However, as noted in the report, it is not possible to precisely <br /> identify in advance the anticipated date of constnaction or implementation of a specific <br /> improvement or location forthese more flexible transportation mitigation programs included <br /> in the City's capital improvement plan. <br /> -1- <br />