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HomeMy WebLinkAbout101-Development Impact Fee Report.pdf SARATOGA CITY COUNCIL MEETING DATE: December 7, 2011 AGENDA ITEM: DEPARTMENT: Finance & Administrative Services CITY MANAGER: Dave Anderson PREPARED BY: Mary Furey DIRECTOR: Mary Furey SUBJECT: Development Impact Fee Report RECOMMENDED ACTION Staff recommends that the Council review and accept the annual AB1600 Development Impact Fee report for the year ended June 30, 2011. BACKGROUND As set forth in California Government Code Section 66000-66025, known as the Mitigation Fee Act, agencies which impose a fee as a condition of approval for a development project are required to account for and report on the use of the fees within 180 days of fiscal year-end. Development impact fees are defined as a fee charged to compensate for demands on public resources resulting from the development of land and property and imposed as a condition of development approval. Saratoga has established two of these fees: the Park-In-Lieu Development Fee and the Road Impact Fee. REPORT SUMMARY As required under AB1600 accounting guidelines, this report provides: 1. A brief description of the type of fee; 2. The amount of the fee; 3. Beginning and ending balances of the fees; 4. Total fees collected and the interest earned, if applicable; 5. Identification of the public improvement the fees were used for; 6. Identification and timeline of public improvements any unexpended fees will be used for; 7. Description and uses for transfers or loans of fees, if applicable. The legislature finds and declares that the timely and proper allocation of development fees promotes economic growth and is, therefore, a matter of statewide interest and concern. Park-In-Lieu Development Fees The City of Saratoga requires either a dedication of land or imposes a Park-In-Lieu fee of $20,700 on each new parcel as a condition of subdivision approval, to account for increased usage and additional park requirements brought on by increased development within the City. Five acres of parkland per 1,000 residents is the standard promulgated by the National Recreation and Parks Association and is a common metric utilized by other communities in California to measure adequacy of parkland. The 2007 Update to the Open Space and Conservation Element of the City’s General Plan recognized that additional parkland must be protected and established a goal of five acres of parkland per 1,000 acres. This amount of parkland allows the City to maintain its existing character as a small town community surrounded by rural and open space. The Park-In-Lieu Development Fee of $20,700 per subdivided parcel is calculated based upon the formula: (2.76 people per household) X (5 acres per 1,000 residences) X ($1.5 million per acre) The following table summarizes the activity for the Park-In-Lieu Development Fees collected and utilized as of June 30, 2011: Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2006/07 2007/08 2008/09 2009/10 2010/11 Beginning balance -$ 143,799$ (70,577)$ (29,177)$ (8,202)$ Sources: Revenue - Park-In-Lieu Fees - - 41,400 20,700 393,300 Transfer in - General Fund 250,000 - - - Transfer in - Closed Park Project - - - 275 Uses: CIP - West Valley Soccer Field 106,201 214,376 - - - CIP - Hakone Gardens Master Plan (250,000) CIP - Ravenswood Playground Equip (75,000) CIP - Historic Park Landscaping (2,509) CIP - Park Restroom Improvements (57,589) Total available for future projects 143,799$ (70,577)$ (29,177)$ (8,202)$ -$ Park-In-Lieu Development Fees The entire $393,300 of Park-In-Lieu Fee revenue received in FY 2010/11 came from the Summerhill subdivision project located at the Neale’s Hollow site on Saratoga Sunnyvale Road. The funds were committed to several capital improvement projects as listed in the above schedule, after funding the $8,202 prior year’s outstanding balance remaining from the West Valley College Soccer Field capital project. Future Park-In-Lieu impact fees will be applied to park improvement projects as directed by Council under the Capital Improvement Project budget process. Road Impact Fees In May of 2008, the City Council authorized the establishment and collection of a Road Impact Fee (effective July 1, 2008) to offset the additional cost of street maintenance incurred as a result of damage to the city’s roadways caused by heavy construction vehicles on public roads from new development. The fee is based on a 2006 study by CSG consultants, commissioned by the cities of Saratoga, Monte Sereno, Campbell, and Los Gatos, which determined the impact of construction vehicles on streets and roads, and an appropriate fee to mitigate the costs of damage or deterioration in pavement. CSG Consultants determined that a fee of $0.77 per $100 of building valuation was a fair assessment of the impact of construction related vehicles on Saratoga’s streets. Road Impact Fees are payable at the time building permits are issued for development. Road Impact Fee revenues are appropriated directly to the Capital Improvement Plan’s Street Improvement Fund, specifically into the Street Resurfacing and the Striping & Signage projects and used to pay for increased street resurfacing and maintenance costs. The following table summarizes the Road Impact Fees collected and utilized as of June 30, 2011: Fiscal Year Fiscal Year Fiscal Year 2008/09 2009/10 2010/11 Beginning balance -$ -$ -$ Sources Revenues - Dev Road Impact Fee 298,846 343,913 402,845 Uses: CIP - Street Resurfacing Project 233,846 268,913 252,845 CIP - Striping & Signage Project 65,000 75,000 150,000 Total available for future projects -$ -$ -$ Road Impact Development Fees The above Road Impact Development Fee schedule does not include road impact fees collected under the West Valley Solid Waste Management Authority (WVSWMA) contract with the City’s solid waste contractor. The WVSWMA road impact fee is to offset costs for damage to the City’s roadways caused by the heavy vehicles used in the collection of solid waste and is not included as AB1600 reporting requirements are limited to fees in connection with the approval of development projects. FISCAL IMPACTS: AB1600 fees do not impact the General Fund as revenues are remitted directly to Capital Project Funds and utilized for capital projects directly from these funds within the current or following budget year. City of Saratoga follows the State requirement that development impact fees be used or appropriated to a specific project within 5 years for a specified purpose, or returned to the developer/payee. CONSEQUENCES OF NOT FOLLOWING RECOMMENDED ACTION: The City would not be in compliance with California requirements. ALTERNATIVE ACTION: N/A FOLLOW UP ACTION: N/A ADVERTISING, NOTICING AND PUBLIC CONTACT: Pursuant to Government Code 54954.2, this item was properly posted as a City Council agenda item and included in the packet made available on the City’s website in advance of the meeting. A copy of the agenda packet is also made available at the Saratoga Branch Library each Monday in advance of the Council meeting. ATTACHMENTS: N/A