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HomeMy WebLinkAboutFY 2020-21 & 2021-22 Impact Fee ReportSARATOGA CITY COUNCIL MEETING DATE:December 21, 2022 DEPARTMENT:Administrative Services PREPARED BY:Agnes Pabis, Finance Manager SUBJECT:AB1600 Development Impact Fee Annual Report RECOMMENDED ACTION: Review and accept the annual AB1600 Development Impact Fee report for the fiscal year ended June 30, 2021 and June 30, 2022. 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 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 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 per subdivided parcel is calculated based upon the following formulas: 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 Park In-lieu Fee Summary The tablesbelow summarize the activity for the Park-In-Lieu Fees collected over the last fivefiscal years and utilized as of June 30, 2021 (Table 1) and June 30, 2022 (Table 2). 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: Budgeted 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 Beginning balance 495,466$491,062$392,074$ 229,702$ 205,591$ 291,310$ Sources: Park-In-Lieu Fees 900 20,775 - - 117,804 - Funds from closed projects - - 9,328 - - - Uses: Quarry Park ADA Access 5,304 7,772 - - - - Hakone Village to Quarry Park Walkway - 100,680 9,320 - - - Saratoga Village to Quarry Park Walkway - 11,311 14,878 - - 73,811 Park & Safety Trail Improvements - - 42,956 - - - Quito/Pollard Road Open Space Impr.- - 54,546 18,616 - - Quarry Park Pond Walkway Clearing - - 50,000 - - - Hakone Gardens Infrastructure Impr.- - - 5,495 32,085 82,420 Orchard Irrigation & Tree - - - - - 100,000 Beauchamps Park Playground - - - - - 10,079 Trail Pet Stations - - - - - 25,000 Remaining Available Funds:491,062$392,074$229,702$ 205,591$ 291,310$ -$ Table 1 - 2020-21 Park In Lieu Development Fees Actual No balance remains for new projects as of 2022-23. City Council may modify the adopted budget to transfer funds between projects at their discretion through the annual capital improvement program budget process. Budgeted 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 Beginning balance 491,062$392,074$229,702$ 205,591$291,310$ 1,172,556$ Sources: Park-In-Lieu Fees 20,775 - - 117,804 970,299 - Funds from closed projects - 9,328 - - - - Uses: Quarry Park ADA Access 7,772 - - - - - Hakone Village to Quarry Park Walkway 100,680 9,320 - - - - Saratoga Village to Quarry Park Walkway 11,311 14,878 - - - 223,811 Park & Safety Trail Improvements - 42,956 - - - - Quito/Pollard Road Open Space Impr.- 54,546 18,616 - - - Quarry Park Pond Walkway Clearing - 50,000 - - - - Hakone Gardens Infrastructure Impr.- - 5,495 32,085 - 82,420 Orchard Irrigation & Tree - - - - 89,053 40,948 Hakone Gardens Fence - - - - - 75,000 Quarry Park Maint. Building - - - - - 35,000 Beauchamps Park Playground - - - - - 60,079 El Quito Park Pickleball - - - - - 154,299 Joe's Trail Phase 2 - - - - - 132,000 Joe's Trail Phase 3 - - - - - 264,000 Trail Pet Stations - - - - - 25,000 Village Oaks Quarry Trail - - - - - 30,000 Hakone to Quarry Trail - - - - - 50,000 Remaining Available Funds:392,074$229,702$205,591$ 291,310$1,172,556$-$ Actual Table 2 - 2021-22 Park In Lieu Development Fees