HomeMy WebLinkAboutFY 2018-19 Impact Fee ReportSARATOGA CITY COUNCIL
MEETING DATE:December 18, 2019
DEPARTMENT:Finance & Administrative Services
PREPARED BY:Dennis Jaw, Finance Manager
SUBJECT:AB1600 Development Impact Fee Report
RECOMMENDED ACTION:
Review and accept the annual AB1600 Development Impact Fee report for the year ended June 30, 2019.
BACKGROUND:
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 AB1600 Development Impact Fee that the City collects is the also known as the Park-In-Lieu Fee.
Under Saratoga’s Municipal Code 14-28.080, as a condition of approval, a sub-divider/owner shall either
dedicate a portion of land or pay a fee in lieu thereof, or a combination of both at the option of the City, for
the purpose of providing park or recreational facilities for each new parcel.
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 Open Space and Conservation Element of the City’s General Plan recognized that additional
parkland must be protected and adopted this goal to provide at least five acres of parkland per 1,000
residents to maintain the City’s existing character as a small-town community surrounded by rural and open
space.
In support of this goal, the City established a Development Impact Fee of $20,775 per new parcel to provide
funding for increased usage and additional park requirements brought on by the new development within
the City. The Park-In-Lieu Fee of $20,775 per subdivided parcel is calculated based upon the following
formula:
(2.77 people per household) X (5 acres per 1,000 residents) X ($1.5 million per acre) = $20,775
There were no developments in FY 2018/19 which required the Park In-lieu Fee to be assessed.
Changes Effective FY 2019/20
The City Council approved a revision for this fee beginning FY 2019/20. The fee will now be calculated
based on Single or Multiple family units, as shown below:
Single Family Residential Unit:
(2.7 people per household) X (5 acres per 1,000 residents) X ($2.4 million per acre) = $32,343
Multi-Family Residential Unit:
(1.8 people per household) X (5 acres per 1,000 residents) X ($2.4 million per acre) = $21,562
All developments on or after July 1, 2019 which are subject to this fee will be assessed using the updated
calculation. Given that lot subdivisions are infrequent in nature and difficult to project, this revenue is not
included in the budget.
Park In-lieu Fee Summary
The table below summarizes the activity for the Park-In-Lieu Fees collected over the last five fiscal years
and utilized as of June 30, 2019. Remaining Park-In-Lieu Fees are re-budgeted into the assigned capital
project for use in the next fiscal year, as shown in the far-right gray-shaded column:
Of the $229,702 balance remaining as of June 30, 2019, $214,309 is already budgeted in FY 2019/20 for
continuing projects from prior fiscal years.
The remaining unallocated balance of $15,393 plus future Park-In-Lieu Fees will be applied to park
improvement projects as directed by Council through the annual Capital Improvement Planbudget process.
Budgeted
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year
2014/15 2015/16 2016/17 2017/18 2018/19 2019/20
Beginning balance 682,530$ 526,754$ 495,466$ 491,062$ 392,074$ 229,702$
Sources:
Park-In-Lieu Fees 61,200 372,600 900 20,775 - -
Funds from closed projects 1,265 19,000 - - 9,328 -
Uses:
Wildwood Park Bridge Rehab 60,499 - - - - -
Quarry Park Plan Implementation 126,743 153,888 - - - -
Hakone Gardens Master Plan - 250,000 - - - -
Saratoga Village Creek Construction 31,000 19,000 - - - -
Quarry Park ADA Access - - 5,304 7,772 - -
Hakone Gardens Koi Pond Improvements - - - 100,680 9,320 -
Saratoga Village to Quarry Park Walkway - - - 11,311 14,878 73,811
Park & Safety Trail Improvements - - - - 42,956 44
Quito/Pollard Road Open Space Impr,- - - - 54,546 20,454
Hakone Gardens Infrastructure Impr.- - - - - 120,000
Quarry Park Pond Walkway Clearing - - - - 50,000 -
Remaining Available Funds:526,754 495,466 491,062 392,074 229,702 15,393
Actual