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HomeMy WebLinkAboutRes 2023-064RESOLUTION NO. 2023-064 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, REVIEWING AND ACCEPTING THE ANNUAL DEVELOPMENT IMPACT FEE DISCLOSURE REPORT FOR THE CITY’S VARIOUS DEVELOPMENT IMPACT FEES AND MAKING FIVE-YEAR FINDINGS REGARDING THE CONTINUING NEED FOR UNEXPENDED BALANCES OF IMPACT FEES AS OF JUNE 30, 2023, PURSUANT TO CALIFORNIA GOVERNMENT CODE SECTION 66001 WHEREAS, Government Code Sections 66000 through 66008 (known as and referenced to herein as “AB1600”) regulate the imposition, collections, maintenance, expenditure and reporting of impact fees imposed on developers for the purpose of defraying costs of public facilities; and WHEREAS, the City of Palm Desert (“City”) has established, adopted, and imposed Housing Mitigation Fees, Child Care Facility Fees, New Construction Fees, Drainage Facility Fees, Park & Recreation Fees, Traffic Signalization Fees, and Fire Facility Fees (collectively the “Fees”); and WHEREAS, in accordance with the provisions of AB1600, the City has set up separate special revenue funds for each type of Fee the City imposes (each a “Fund” and collectively the “Funds”), crediting earned interest to those Funds, and spending the accumulated Fees and related interest on appropriate expenditures; and WHEREAS, the City has made available to the public within one hundred eighty (180) days following the last day of the fiscal year the annual development impact fee disclosure report (“Annual Report”) required by AB1600 related to each of the Fees which also includes the Five-Year Reports with respect to each of the Fees; and WHEREAS, the City has mailed notice at least fifteen (15) days prior to this meeting to all interested parties who have requested notice of any meeting relative to the City’s imposition of the Fees and has held a duly noticed, regularly scheduled public meeting at which oral and written testimony was received regarding the Annual Report and the Five-Year Reports at least fifteen (15) days after the City made this information publicly available; and WHEREAS, the City Council desires to accept the Annual Report, including the Five-Year Reports and to make the necessary findings required by law, with respect to the unexpended Fees. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF PALM DESERT RESOLVES, FINDS, DECLARES AND DETERMINES AS FOLLOWS: DocuSign Envelope ID: 8C39035E-2942-4BEC-B541-7C7606CFBFB2 Resolution No. 2023-064 Page 2 Section 1. The City finds that all of the foregoing recitals are true and correct and are hereby incorporated and adopted as findings and determinations by the City Council as if fully set forth herein. Section 2. In accordance with Government Code Section 66006(b), the City Council has reviewed and approves the Annual Report regarding each of the Fees, which is attached to this Resolution and is incorporated herein by this reference, and is also placed on file with the City Clerk. The City Council, based upon the information contained in the Annual Report and the remaining need for the unexpended Fees, finds as follows: a. The Annual Report describes the types of Fees contained in each Fund, including the amount of the Fees, the beginning and ending balances of each Fund that has been established for each Fee, as well as the amount of Fees collected, and the interest earned thereon; and b. The Annual Report identifies each public improvement on which the Fees were expended, the amount of the expenditures on each improvement, including the total percentage of the cost of the public improvement that was funded with the Fees; and c. Sufficient Fees have not been collected to complete the financing of the various incomplete public improvements; and d. There have been no interfund transfers or loans made from any of the Funds; and e. There have been no refunds made from the Funds. Section 3. The City has identified Fees collected from developers that are subject to AB1600’s requirements. Those funds are: • Housing Mitigation Fee (Fund 214) • Child Care Facility Fee (Fund 228) • New Construction Fee (Fund 231) • Drainage Facility Fee (Fund 232) • Park & Recreation Fee (Fund 233) • Traffic Signalization Fee (Fund 234) • Fire Facility Fee (Fund 235) Section 4. In accordance with Government Code Section 66001(d), the City Council has reviewed the Five-Year Report sections included in the Annual Report for each of the Funds. The City Council finds, based on the information in the Five-Year Report sections, as follows: a. Pursuant to Government Code Subsection 66001(d)(1)(A), the Five- Year Report identifies the purpose to which all unexpended Fees, whether committed or uncommitted, will be put; and DocuSign Envelope ID: 8C39035E-2942-4BEC-B541-7C7606CFBFB2 Resolution No. 2023-064 Page 3 b. Pursuant to Government Code Subsection 66001(d)(1)(B), the Five- Year Report demonstrates, for each Fee, a reasonable relationship between the unexpended fees contained in each Fund and the purposes to which such Fees will be put; and c. Pursuant to Government Code Subsection 66001(d)(1)(C), the Five- Year Report identifies all sources and amounts of funding anticipated to complete financing of incomplete improvements or projects for each Fund; and d. Pursuant to Government Code Subsection 66001(d)(1)(D), the Five- Year Report identifies the approximate dates upon which the funding for such incomplete improvements or projects will be deposited in to each Fund; and e. There remains unexpended Fees in each Fund which are still necessary to complete the purposes for which the Fees were collected. Section 5. These findings are based on the information provided in the City’s Annual Report, the City’s annual operating budget, and the Capital Improvement Program for Fiscal Year 2023-2024 to 2027-2028, which each are incorporated herein by this reference. Section 6. Pursuant to these findings, and at this time, there shall not be a refund of any unexpended Fees. Section 7. If any section, subsection, subdivision, sentence, clause, or phrase in this Resolution or any part thereof is for any reason held to be unconstitutional, invalid, or ineffective by any court of competent jurisdiction, such decision shall not affect the validity or effectiveness of the remaining portions of this Resolution or any part thereof. The City Council declares that it would have adopted each section irrespective of the fact that any one or more subsections, subdivisions, sentences, clauses, or phrases be declared unconstitutional, invalid, or ineffective. Section 8. This Resolution shall be effective immediately upon its adoption. ADOPTED ON DECEMBER 14, 2023. KARINA QUINTANILLA MAYOR ATTEST: ANTHONY J. MEJIA CITY CLERK DocuSign Envelope ID: 8C39035E-2942-4BEC-B541-7C7606CFBFB2 Resolution No. 2023-064 Page 4 I, Anthony J. Mejia, City Clerk of the City of Palm Desert, hereby certify that Resolution No. 2023-064 is a full, true, and correct copy, and was duly adopted at a regular meeting of the City Council of the City of Palm Desert on December 14, 2023, by the following vote: AYES: HARNIK, KELLY, NESTANDE, TRUBEE, AND QUINTANILLA NOES: NONE ABSENT: NONE ABSTAIN: NONE RECUSED: NONE IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Palm Desert, California, on ______________. ANTHONY J. MEJIA CITY CLERK DocuSign Envelope ID: 8C39035E-2942-4BEC-B541-7C7606CFBFB2 12/19/2023 EXHIBIT A 1) A brief description of the type of fee in the account or fund. 2) The amount of the fee. 3) The beginning and ending balance of each account or fund. 4) The amount of the fees collected and the interest earned. The Development fee programs included in this report are the following: Section A – Housing Mitigation Fee (Fund 214) Section B – Child Care Facility Fund (Fund 228) Section C – New Construction Tax Fee (Fund 231) Section D – Drainage Facility Fee (Fund 232) Section E – Park & Recreation Fee (Fund 233) Section F – Traffic Signalization Fee (Fund 234) Section G – Fire Facility Fund (Fund 235) 6) An identification of an approximate date by which the construction of the public improvement(s) will commence if the County determines that sufficient funds have been collected to complete financing of an incomplete public improvement(s), and the public improvement(s) remains incomplete. 7) A description of each interfund transfer or loan made from the account or fund, if any, including the public improvement on which the transferred or loaned fees will be expended, and, in the case of an interfund loan, the date on which the loan will be repaid, and the interest rate that the account or fund will receive on the loan. 8) The amount of refunds made due to sufficient funds being collected to complete financing on incomplete public improvements, and the amount of reallocation of funds made due to administrative costs of refunding unexpended revenues exceeding the amount to be refunded. The City's Five Year Capital Improvement Program Budget is attached as a reference to future projects using existing cash balances for FY 2023-2024 through 2027-2028 CITY OF PALM DESERT DEVELOPMENT IMPACT FEE ANNUAL REPORT FISCAL YEAR 2022-2023 This report contains certain information required to be filed annually by the City of Palm Desert (the “City”) in accordance with the Mitigation Fee Act, commencing with Section 66000 of the California Government Code. The reporting requirements set forth in the Mitigation Fee Act (the “Act”) are applicable to the impact fees imposed on new development in the City. The Act requires that a public agency, on an annual basis, make available to the public within 180 days after the last day of each fiscal year the following information for the past fiscal year: 5) An identification of each public improvement on which fees were expended and the amount of the expenditures on each improvement, including the total percentage of the cost of the public improvement that was funded with fees. 11/29/2023 Resolution No. 2023-064 Page 5 DocuSign Envelope ID: 8C39035E-2942-4BEC-B541-7C7606CFBFB2 Section A– Housing Mitigation Fee (Fund 214) Brief description of the type of fee in the fund: Part I – Fund Balance, Revenue, Interest, Expenditures, Ending Balance 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 Beginning Balance 2,858,798$ 3,026,646$ 3,489,660$ 3,575,892$ 3,547,149$ Developer Fees 113,651$ 309,046$ 85,098$ 27,247$ 55,521$ Interest Income 66,427$ 65,569$ 25,560$ 18,355$ 89,967$ Gain (Loss) on Fair Value-GASB 31 16,181$ 11,002$ (17,336)$ (68,100)$ 27,622$ 196,258$ 385,617$ 93,322$ (22,498)$ 173,109$ HCD Grant Loan Proceeds -$ 90,000$ -$ 30,000$ 30,000$ Interest on Loan -$ 22,387$ -$ 12,802$ 8,467$ Expenditures (28,411)$ (34,989)$ (7,090)$ (49,048)$ (602,802)$ (a) Transfers out -$ -$ -$ -$ -$ Ending Fund Balance 3,026,646$ 3,489,660$ 3,575,892$ 3,547,149$ 3,155,924$ (a) FY22-23 Expenditure Details:AMOUNT HOMEBUYER SUBSIDIES 60,825$ RICHARDS WATSON CVHC LGL SERVICE 31,274$ BEST BEST & KRIEGER LLP 103$ LAWYERS TITLE COMPANY 510,600$ Total :602,802$ Transfers or Loans: There have been no interfund transfers or loans made from the fund for this reporting period. Refunds: There have been no refunds made during this reporting period. Part II – Compliance with expending funds within 5 years Five Year Revenue Test Using First In First Out 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 Current 196,258$ 385,617$ 93,322$ (22,498)$ 173,109$ Prior Year (2-Yrs Old)65,574$ 196,258$ 385,617$ 93,322$ (22,498)$ Prior Year (3-Yrs Old)258,212$ 65,574$ 196,258$ 385,617$ 93,322$ Prior Year (4-Yrs Old)273,417$ 258,212$ 65,574$ 196,258$ 385,617$ Prior Year (5-Yrs Old)57,767$ 273,417$ 258,212$ 65,574$ 196,258$ Greater Than 5 Prior FY 1,489,600$ 1,512,378$ 1,778,705$ 1,987,870$ 1,450,642$ Ending Balance 2,340,829$ 2,691,457$ 2,777,689$ 2,706,143$ 2,276,451$ Exclude Loan Proceeds 626,699$ 716,699$ 716,699$ 746,699$ 776,699$ (1) Exclude Interest on Loan 59,118$ 81,505$ 81,505$ 94,307$ 102,774$ (1) Exclude HCD grant -$ -$ -$ -$ Ending Balance 3,026,646$ 3,489,660$ 3,575,892$ 3,547,149$ 3,155,924$ Public Improvements to be Constructed: FY 2023-2024 Budgeted Expenditure Future Years Commitments Total Commitments Funding Available Date Sands Apartments 200,000$ -$ 200,000$ July 2023 ARC Village Development (1.84 Acre Affordable Dev)600,000$ -$ 600,000$ July 2023 45653 Portola (2-Single Family Homes Afford. Dev)600,000$ -$ 600,000$ July 2023 Portola Palms MH Park (2-Single Family Homes Afford. Dev)550,000$ -$ 550,000$ July 2023 170 Acre Affordable Dev -$ 600,000$ 600,000$ July 2024 Homebuyer Subsidies (Begin Prog.)249,500$ 636,540$ 886,040$ July 2023 2,199,500$ 1,236,540$ 3,436,040$ Affordable Housing Projects The Housing Mitigation Fee is used to mitigate the low-income housing impacts caused by commercial and industrial development. The fee is used to help construct or provide low-income housing assistance to employees, working within the juridictional boundaries of the city, with affordable housing. The fee is based on: $1/sq. ft. – Commercial; $0.33/sq. ft. – Industrial; $0.40/sq. ft. – Professional; $1,000/room – Resort Hotel; $620/Room Non-Resort. The City's Five Year Capital Improvement Program Budget is attached as a reference to future projects using existing cash balances for FY 2023-2024 through 2027-2028 (1) Loan proceeds and interest from loans are program funds and are used to fund Homebuyer subsidies for programs meeting the requirements. Resolution No. 2023-064 Page 6 DocuSign Envelope ID: 8C39035E-2942-4BEC-B541-7C7606CFBFB2 Section A– Housing Mitigation Fee (Fund 214) - continued Five Year Findings Purpose of the Fee: The Relationship Between the Fee and Purpose: Sources, Amounts, and Dates of Funding Anticipated to Complete Financing: This fee is being collected for the purpose of subsidizing housing costs as part of the City's program to provide affordable housing for low and very low income households that have at least one employee working within the jurisdictional boundaries of the City. Non-residential development within the City boundaries creates employment opportunities. The jobs created also create the need for additional residential development to locally house the employees that will fill these roles. Affordable housing is a known issue throughout the nation and the State of California. Therefore, new non-residential development pays a housing mitigation fee to help provide affordable housing to eligible low income families. For the FY 2023-24 fiscal year, the city has budgeted for contributions from the Housing Mitigation Fund to fund multiple affordable housing projects. Included in these projects are the Sands Apartments, the ARC Village Development, homes at 45653 Portola, the Portola Palms Mobile Home Park, and a collection of subsidies provided through the BEGIN program. Additionally, in future years, the city intends to utilize these funds in a contribution to a 170-acre affordable housing development. Resolution No. 2023-064 Page 7 DocuSign Envelope ID: 8C39035E-2942-4BEC-B541-7C7606CFBFB2 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 Beginning Balance 1,332,828$ 1,396,599$ 1,479,283$ 1,549,239$ 673,863$ Developer Fees 25,499$ 50,309$ 66,213$ 32,945$ 71,412$ Interest Income 31,126$ 27,992$ 10,992$ 6,823$ 19,416$ Gain (Loss) on Fair Value-GASB 31 7,146$ 4,384$ (7,249)$ (15,143)$ 4,377$ 63,771$ 82,685$ 69,956$ 24,624$ 95,204$ Expenditures -$ -$ -$ (900,000)$ $ Transfers out -$ -$ -$ -$ $ - - Ending Fund Balance 1,396,599$ 1,479,283$ 1,549,239$ 673,863$ 769,068$ Transfers or Loans: There have been no interfund transfers or loans made from the fund for this reporting period. Refunds: There have been no refunds made during this reporting period. Part II – Compliance with expending funds within 5 years Five Year Revenue Test Using First In First Out 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 Current 63,771$ 82,685$ 69,956$ 24,624$ 95,204$ Prior Year (2-Yrs Old)59,452$ 63,771$ 82,685$ 69,956$ 24,624$ Prior Year (3-Yrs Old)76,387$ 59,452$ 63,771$ 82,685$ 69,956$ Prior Year (4-Yrs Old)175,924$ 76,387$ 59,452$ 63,771$ 82,685$ Prior Year (5-Yrs Old)29,520$ 175,924$ 76,387$ 59,452$ 63,771$ Greater Than 5 Prior FY 991,545$ 1,021,065$ 1,196,989$ 373,376$ $ 432,828 Ending Balance 1,396,599$ 1,479,283$ 1,549,239$ 673,863$ 769,068$ Public Improvements to be Constructed: FY 2022-23 Carryover Projects Future Years Commitments Total Commitments % Funded with Dev. Fee Funding Available Date Child Care Facilities (Hope Lutheran) 684,000$ - 684,000$ 100% June 2024 684,000$ -$ 684,000$ Five Year Findings Purpose of the Fee: The Relationship Between the Fee and Purpose: The City's Five Year Capital Improvement Program Budget is attached as a reference to future projects using existing cash balances for FY 2023-2024 through 2027-2028 Section B – Child Care Facility Fee (Fund 228) Brief description of the type of fee in the fund: The City of Palm Desert is interested in providing funding, through impact fees for new child care homes and centers, in order to meet some of the child care demand generated by employees and commercial uses in the City. A nexus study was prepared and approved by the City Council in August 2005. Annually, the City considers projects and any applicable budget requests to use these funds to create new facilities and equipment. Part I – Fund Balance, Revenue, Interest, Expenditures, Ending Balance In FY 2021-22, the City entered into an operating covenant with Bermuda Dunes Learning Center to use $900,000 to make improvements to accomodate 150 spaces for toddlers, preschoolers, and elementary-age children at 47549 Highway 74, south of St. Margaret's Episcopal Church. This fee is being collected for the purpose of funding new child care homes and centers in order to meet growing demand for child care generated by employees and commercial uses within the city. It is envisioned that the City will partner with local child care providers and non- profits to provide funding to increase the supply of child care spaces in the City. Non-residential development within the City boundaries creates employment opportunities. In order to attract and retain highly skilled workers and their families, the City must have a variety of quality and affordable child care options. The quality and affordability of child care is a known issue in the Coachella Valley, as desirable facilities have long wait lists and there are no corporate child care centers in the entire Coachella Valley. Therefore, new non-residential development pays a child care impact fee to help support the City's effort to provide local providers and non-profits with funds to help increase the supply of child care spaces in Palm Desert. Resolution No. 2023-064 Page 8 DocuSign Envelope ID: 8C39035E-2942-4BEC-B541-7C7606CFBFB2 Section B – Child Care Facility Fee (Fund 228) - continued Sources, Amounts, and Dates of Funding Anticipated to Complete Financing: The City is retaining developer fees currently held in the Child Care Facility Fund in anticipation of another request for funding by the end of 2024. The City also anticipates a contribution toward the funding of a Child Care Facility for Eisenhower Hospital in FY 2023-24, which will not be funded through developer fees due to its location, however, because of the hospital's close proximity to Palm Desert and the Palm Desert residents it serves, it was determined that a contribution toward this facility would be in the City's ongoing effort to enhance child care options. Resolution No. 2023-064 Page 9 DocuSign Envelope ID: 8C39035E-2942-4BEC-B541-7C7606CFBFB2 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 Beginning Balance 1,656,520$ 1,342,716$ 1,530,265$ 1,078,653$ 1,452,348$ Developer Fees 174,981$ 163,899$ 121,565$ 326,092$ 518,442$ Interest Income 27,570$ 28,575$ 5,444$ 2,094$ 43,369$ Gain (Loss) on Fair Value-GASB 31 6,845$ 5,099$ -$ (35,864)$ 9,116$ 209,396$ 197,573$ 127,009$ 292,321$ 570,927$ CVAG-Reimbursed CV Link Project 12,083$ 5,141,123$ 1,681,840$ -$ Expenditures -$ (22,107)$ (5,719,744)$ (1,600,466)$ (444,430)$ (a) Write-off Advance to RDA (523,200)$ -$ -$ -$ -$ Ending Fund Balance 1,342,716$ 1,530,265$ 1,078,653$ 1,452,348$ 1,578,845$ Exclude Advance to RDA write-off:(130,800)$ (130,800)$ (130,800)$ (130,800)$ -$ Ending Balance of available Revenue:1,211,916$ 1,399,465$ 947,853$ 1,321,548$ 1,578,845$ (a) FY22-23 Expenditure Details:AMOUNT KOA CORPORATION-PD LINK DESIGN 207,045$ CHRISP COMPANY - PD LINK CONSTRUCTION 237,385$ Total :444,430$ Transfers or Loans: There have been no interfund transfers or loans made from the fund for this reporting period. Refunds: There have been no refunds made during this reporting period. Part II – Compliance with expending funds within 5 years Five Year Revenue Test Using First In First Out 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 Current 209,396$ 197,573$ (4,193,270)$ (360,292)$ 570,927$ (1) Prior Year (2-Yrs Old)170,421$ 209,396$ -$ -$ 292,321$ Prior Year (3-Yrs Old)204,788$ 170,421$ -$ -$ 127,009$ Prior Year (4-Yrs Old)228,499$ 204,788$ -$ -$ 197,573$ Prior Year (5-Yrs Old)208,723$ 228,499$ -$ -$ 209,396$ Greater Than 5 Prior FY 190,089$ 376,706$ -$ -$ 181,619$ Ending Balance 1,211,916$ 1,387,383$ (4,193,270)$ (360,292)$ 1,578,845$ CVAG- Reimburse CV Link -$ 12,083$ 5,141,123$ 1,681,840$ -$ Tie to ending balance on Fund Balance 1,211,916$ 1,399,465$ 947,853$ 1,321,548$ 1,578,845$ Note: Not including interest on Advance Section C – New Construction Fee (Fund 231) Brief description of the type of fee in the fund: The New Construction Fee is used for acquisition and development of public facilities like playgrounds, public structures, and street improvements. Annually, the City Council approves a five-year Capital Improvement Program budget that reflects current projects along with future committed projects utilizing these fees. The fee is based on: Industrial Buildings $0.05/sq. ft.; Residential units $0.40/sq. ft.; all other development $0.40/sq. ft. Part I – Fund Balance, Revenue, Interest, Expenditures, Ending Balance (1) CVAG reimburses 100% of the CV Link project cost, excluding project design. The negative amount shown in FY 20- 21 and FY21-22 is before the CVAG reimbursement received. Resolution No. 2023-064 Page 10 DocuSign Envelope ID: 8C39035E-2942-4BEC-B541-7C7606CFBFB2 Section C – New Construction Fee (Fund 231) - continued Public Improvements to be Constructed: FY 2022-23 Carryover Projects Future Years Commitments Total Commitments Funding Available Date Cooperative Agreement -$ 3,500,000$ 3,500,000$ July 2024 CVAG to reimburse 100% of cost CV Link Enhancements -$ 500,000$ 500,000$ Sept. 2023 CVAG to reimburse 95% of cost. -$ 4,000,000$ 4,000,000$ Five Year Findings Purpose of the Fee: The Relationship Between the Fee and Purpose: Sources, Amounts, and Dates of Funding Anticipated to Complete Financing: Funds in the New Construction Tax Fund are expected to be fully expended through the completion of the CV Link Hovley Connectors and CV Link enhancements by the end of FY 2023-24. CV Link Hovley Connectors and CV Link enhancements also tie into the project known as "PD Link," which is designed to connect the CV Link with restaurants and attractions specific to the City of Palm Desert. The City's Five Year Capital Improvement Program Budget is attached as a reference to future projects using existing cash balances for FY 2023-2024 through 2027-2028 This fee is being collected for the acquisition and development of public facilities like playgrounds, public structures, and street improvements. New construction in the City creates a need for additional public facilities, structures, and street improvements. When new construction occurs, a new construction fee is paid to provide the city with funding to accommodate the addition of more homes and residents through more public facilities and streets. CV Link Hovley Connectors Resolution No. 2023-064 Page 11 DocuSign Envelope ID: 8C39035E-2942-4BEC-B541-7C7606CFBFB2 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 Beginning Balance 1,592,857$ 1,617,655$ 664,009$ 707,674$ 740,536$ Developer Fees 38,855$ 18,020$ 61,455$ 43,295$ 132,022$ Interest 36,315$ 22,881$ 5,247$ 3,800$ 22,836$ Gain (Loss) on Fair Value-GASB 31 8,290$ (2,466)$ (3,563)$ (14,233)$ 4,352$ 83,460$ 38,435$ 63,139$ 32,862$ 159,211$ Reimbursed from CVAG -$ -$ -$-$ -$ Reimbursed from RDA -$ -$ -$-$ -$ Expenditures (58,663)$ (992,081)$ (19,474)$ -$ (2,400)$ Transfers out -$ -$ -$-$ -$ Ending Fund Balance 1,617,655$ 664,009$ 707,674$ 740,536$ 897,347$ Transfers or Loans: There have been no interfund transfers or loans made from the fund for this reporting period. Refunds: There have been no refunds made during this reporting period. Part II – Compliance with expending funds within 5 years Five Year Revenue Test Using First In First Out 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 Current 83,460$ 38,435$ 63,139$ 32,862$ 159,211$ Prior Year (2-Yrs Old)29,182$ 83,460$ 38,435$ 63,139$ 32,862$ Prior Year (3-Yrs Old)48,726$ 29,182$ 83,460$ 38,435$ 63,139$ Prior Year (4-Yrs Old)155,837$ 48,726$ 29,182$ 83,460$ 38,435$ Prior Year (5-Yrs Old)13,372$ 155,837$ 48,726$ 29,182$ 83,460$ Greater Than 5 Prior FY 1,081,608$ 102,898$ 239,262$ 287,988$ $ 317,170 Ending Balance 1,412,185$ 458,539$ 502,204$ 535,066$ 694,276$ Exclude Reimbursement: Reimbursed from CVAG 105,235$ 105,235$ 105,235$ 105,235$ -$ Reimbursed from RDA 100,235$ 100,235$ 100,235$ 100,235$ -$ Tie to ending balance on Fund Balance 1,617,655$ 664,009$ 707,674$ 740,536$ 694,276$ Public Improvements to be Constructed: FY 2022-2023 Carryover Future Years Commitments Total Commitments % Funded with Dev. Fee Funding Available Date 236,862$ 263,138$ 500,000$ 23% Nov. 2023 236,862$ 263,138$ 500,000$ Section 29 and Gerald Ford Drive Regional Detention Basin Section D – Drainage Facility Fee (Fund 232) Brief description of the type of fee in the fund: The Drainage Facility Fee is used for the drainage needs created by the development and adjoining streets to a project. The City has adopted a master drainage plan which gets modified as new development occurs. In addition, the City's Capital Improvement Program budget includes both current and future projects planned for use of the fees connected to the various development projects. Fees are based on which drainage map zone they reside within: Zone 1 fee is $4,000; Zone 2 is $1,000; Zone 3 is $1,000; Zone 4 is $1,000. The map is available in the Public Works Department upon request. Part I – Fund Balance, Revenue, Interest, Expenditures, Ending Balance The City's Five Year Capital Improvement Program Budget is attached as a reference to future projects using existing cash balances for FY 2023-2024 through 2027-2028 Resolution No. 2023-064 Page 12 DocuSign Envelope ID: 8C39035E-2942-4BEC-B541-7C7606CFBFB2 Section D – Drainage Facility Fee (Fund 232) - continued Five Year Findings Purpose of the Fee: The Relationship Between the Fee and Purpose: Sources, Amounts, and Dates of Funding Anticipated to Complete Financing: Project Funding Sources Funding % Section 29 and Gerald Ford Drive Regional Detention Basin Drainage Fees 23% BAD Fees 77% Expected Funding June 2024 This fee is being collected for the purpose of ensuring developments within the city are properly connected to drainage and in compliance with the City's drainage master plan. The cost of drainage installation projects requires fund balances to be accumulated prior to implementing the capital budget and must also be timed with other improvements occurring around these capital projects. To protect homes and businesses from potential flooding, the City has established a master drainage plan that is updated for new development. Additional non-residential development within the City boundaries creates employment opportunities, which in turn creates a need for additional housing and businesses in the City. When new homes or businesses are created, the City must adjust its master drainage plan and add in new areas that may not have been a drainage concern in the past. Therefore, new non-residential development pays a drainage facility fee to support the additional drainage needs caused by added employment, housing and business. Resolution No. 2023-064 Page 13 DocuSign Envelope ID: 8C39035E-2942-4BEC-B541-7C7606CFBFB2 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 Beginning Balance 1,416,407$ 1,662,454$ 1,588,447$ 1,599,065$ 1,708,631$ Developer Fees 247,187$ 4,453$ 10,443$ 133,411$ 70,597$ Refund Developer Fees -$ -$ -$ -$ -$ Interest 36,237$ 32,590$ 11,526$ 8,620$ 48,195$ Gain (Loss) on Fair Value-GASB 31 8,485$ 4,058$ (8,102)$ (32,465)$ 11,599$ 291,909$ 41,101$ 13,867$ 109,566$ 130,391$ Expenditures (45,862)$ (115,108)$ (3,249)$ -$ (208,754)$ Transfers out -$ -$ -$ -$ -$ Ending Fund Balance 1,662,454$ 1,588,447$ 1,599,065$ 1,708,631$ 1,630,268$ Exclude Insurance reimb: Insurance reimb. playground (33,570)$ (33,570)$ (33,570)$ (33,570)$ (33,570)$ Reimburse playground equipment (164,713)$ (164,713)$ (164,713)$ (164,713)$ (164,713)$ Insurance reimb. damage (159,113)$ (159,113)$ (159,113)$ (159,113)$ (159,113)$ SARDA reimb shade structure (15,896)$ (15,896)$ (15,896)$ (15,896)$ (15,896)$ Ending Balance 1,289,162$ 1,215,155$ 1,225,773$ 1,335,339$ 1,256,976$ Transfers or Loans: There have been no interfund transfers or loans made from the fund for this reporting period. Refunds: There have been no refunds made during this reporting period. Part II – Compliance with expending funds within 5 years Five Year Revenue Test Using First In First Out 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 Current 291,909$ 41,101$ 13,867$ 109,566$ 130,391$ Prior Year (2-Yrs Old)34,936$ 291,909$ 41,101$ 13,867$ 109,566$ Prior Year (3-Yrs Old)322,198$ 34,936$ 291,909$ 41,101$ 13,867$ Prior Year (4-Yrs Old)309,926$ 322,198$ 34,936$ 291,909$ 41,101$ Prior Year (5-Yrs Old)84,574$ 309,926$ 322,198$ 34,936$ 291,909$ Greater Than 5 Prior FY 245,618$ 215,084$ 521,761$ 843,959$ $ 670,141 Ending Balance 1,289,162$ 1,215,155$ 1,225,773$ 1,335,339$ 1,256,975$ Public Improvements to be Constructed: % Funded with Dev. Fee Funding Available Date North Sphere Community Park 5% July 2025 North Sphere Regional Sports Park 2% April 2026 Section E– Park & Recreation Fee (Fund 233) Brief description of the type of fee in the fund: The fee is used to acquire land, construct parks, recreational areas, open space, and other public facilities for the city residents. Annually, the City Council adopts a Capital Improvement Program Budget detailing the current and future projects necessary for use of the fee. The fee is charged to residential properties based on the following formula: Number of units x 2.292 (people per household) x 5 acres divided by 1,000 population x land market value per acre. Part I – Fund Balance, Revenue, Interest, Expenditures, Ending Balance The City's Five Year Capital Improvement Program Budget is attached as a reference to future projects using existing cash balances for FY 2023-2024 through 2027-2028 Resolution No. 2023-064 Page 14 DocuSign Envelope ID: 8C39035E-2942-4BEC-B541-7C7606CFBFB2 Section E– Park & Recreation Fee (Fund 233) - continued Five Year Findings Purpose of the Fee: The Relationship Between the Fee and Purpose: Sources, Amounts, and Dates of Funding Anticipated to Complete Financing: When new development occurs within the City boundaries, there becomes a need to support new homes and residents with additional park and recreational activities. Therefore, new residential developments must pay a Park & Recreation Fee, which may be used to create new areas for playgrounds, playfields, gardens, pedestrian or bicycle paths or areas of particular natural beauty, including canyons, hilltops and wooded areas to be developed in their natural state. Funding sources for the North Sphere Community Park and the North Sphere Regional Sports Park are still being researched and determined while both parks are in the design phase. The current 5-year CIP anticipates the Community Park will cost approximately $10,150,000 and the Regional Park will cost approximately $30,000,000. The City expects to fully expend the accumulation of Park & Recreation Fees to supplement the completion of these parks. This fee is being collected for the purpose of developing new parks or recreational facilities to serve the community. With the expansion of the North Sphere of the city over the last five years, funds are being accumulated to help support the building of both a North Palm Desert Community Park and a Regional Sports Park. Resolution No. 2023-064 Page 15 DocuSign Envelope ID: 8C39035E-2942-4BEC-B541-7C7606CFBFB2 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 Beginning Balance $ 410,318 $ 496,178 $ 417,052 $ 436,491 $ 438,750 Developer Fees 91,274$ 29,677$ 18,467$ 8,400$ 70,931$ Interest Income 9,965$ 9,682$ 3,062$ 2,259$ 13,140$ Gain (Loss) on Fair Value-GASB 31 2,537$ 765$ (2,090)$ (8,400)$ 2,713$ 103,775$ 40,124$ 19,439$ 2,259$ 86,784$ Expenditures (17,915)$ (119,250)$ -$ -$ -$ Transfers out -$-$ -$ -$ -$ Ending Fund Balance 496,178$ 417,052$ 436,491$ 438,750$ 525,534$ Transfers or Loans: There have been no interfund transfers or loans made from the fund for this reporting period. Refunds: There have been no refunds made during this reporting period. Part II – Compliance with expending funds within 5 years Five Year Revenue Test Using First In First Out 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 Current 103,775$ 40,124$ 19,439$ 2,259$ 86,784$ Prior Year (2-Yrs Old)21,424$ 103,775$ 40,124$ 19,439$ 2,259$ Prior Year (3-Yrs Old)38,654$ 21,424$ 103,775$ 40,124$ 19,439$ Prior Year (4-Yrs Old)103,710$ 38,654$ 21,424$ 103,775$ 40,124$ Prior Year (5-Yrs Old)17,722$ 103,710$ 38,654$ 21,424$ 103,775$ Greater Than 5 Prior FY 210,893$ 109,365$ 213,075$ 251,729$ $ 273,153 Ending Balance 496,178$ 417,052$ 436,491$ 438,750$ 525,534$ Public Improvements to be Constructed: FY 2022-2023 Carryover Projects Future Years Commitments Total Commitments % Funded with Dev. Fee Funding Available Date 225,000$ 235,075$ 460,075$ 47% June 2024 225,000$ 235,075$ 460,075$ Section F – Traffic Signalization Fee (Fund 234) Brief description of the type of fee in the fund: The fee is used for acquisition and development of the regional traffic signals within the City created by increased traffic load added by the development. Yearly, the City Council adopts a five-year Capital Improvement Plan detailing the current and future projects necessary for use of the fee. The fee is charged based on the type of building constructed, which is: Residential $ 50 per unit; Commercial $500 per 1,000 sq. ft.; Industrial $500 per acre. Part I – Fund Balance, Revenue, Interest, Expenditures, Ending Balance The City's Five Year Capital Improvement Program Budget is attached as a reference to future projects using existing cash balances for FY 2023-2024 through 2027-2028 Market Place Drive and Cook Street Signal Resolution No. 2023-064 Page 16 DocuSign Envelope ID: 8C39035E-2942-4BEC-B541-7C7606CFBFB2 Section F – Traffic Signalization Fee (Fund 234) - continued Five Year Findings Purpose of the Fee: The Relationship Between the Fee and Purpose: Sources, Amounts, and Dates of Funding Anticipated to Complete Financing: Project Funding Sources Funding % Market Place Drive and Cook Street Signal Traffic Signal Fees 47% Measure A 53% As development in the city expands, more people drive on City streets, which can lead to traffic congestion or necessitate changes in traffic signaling and patterns. As a result, developers are required to pay a traffic signalization fee. This fee is used to add new traffic signals or intersection projects to accomodate the increased traffic flow caused by development. This fee is being collected for the purpose of the construction or reimbursement of intersection of signalization projects within the City. Funds have accumulated in this fund over the last five years in order to pay for projects of significant cost. The process for addition of a new traffic signal at Market Place Drive and Cook Street began in May 2023 and is expected to expend the majority of accumulated fund balance during FY 2023-24. Expected Funding June 2024 Resolution No. 2023-064 Page 17 DocuSign Envelope ID: 8C39035E-2942-4BEC-B541-7C7606CFBFB2 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 Beginning Balance 1,108,171$ 1,153,479$ 1,212,787$ 1,261,388$ 1,368,086$ Developer Fees 13,655$ 32,713$ 45,624$ 125,925$ 297,648$ Interest Income 25,750$ 23,043$ 8,943$ 6,708$ 40,590$ Gain (Loss) on Fair Value-GASB 31 5,903$ 3,552$ (5,966)$ (25,936)$ 8,599$ 45,308$ 59,308$ 48,601$ 106,698$ 346,837$ Expenditures -$ -$ -$ -$ (134,222)$ Transfers out -$ -$ -$ -$ -$ Ending Fund Balance 1,153,479$ 1,212,787$ 1,261,388$ 1,368,086$ 1,580,701$ Transfers or Loans: There have been no interfund transfers or loans made from the fund for this reporting period. Refunds: There have been no refunds made during this reporting period. Part II – Compliance with expending funds within 5 years Five Year Revenue Test Using First In First Out 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 Current 45,308$ 59,308$ 48,601$ 106,698$ 346,837$ Prior Year (2-Yrs Old)35,084$ 45,308$ 59,308$ 48,601$ 106,698$ Prior Year (3-Yrs Old)41,063$ 35,084$ 45,308$ 59,308$ 48,601$ Prior Year (4-Yrs Old)53,168$ 41,063$ 35,084$ 45,308$ 59,308$ Prior Year (5-Yrs Old)43,193$ 53,168$ 41,063$ 35,084$ 45,308$ Greater Than 5 Prior FY 935,663$ 978,856$ 1,032,023$ 1,073,086$ $ 1,108,170 Ending Balance 1,153,479$ 1,212,787$ 1,261,388$ 1,368,086$ 1,714,922$ Public Improvements to be Constructed: FY 2022-23 Carryover Projects Future Years Commitments Total Commitments % Funded with Dev. Fee Funding Available Date North Sphere Fire Station 1,151,512$ 645,600$ 1,797,112$ 10% Late 2026 Five Year Findings Purpose of the Fee: The Relationship Between the Fee and Purpose: Section G – Fire Facility Fee (235) Brief description of the type of fee in the fund: The City of Palm Desert is interested in providing funding, through impact fees for a new Fire Station and equipment, in order to meet some of the new commercial and residential development in the northern half of the City. A Nexus study was prepared and approved by City Council in June 2006. The fee is calculated as follows: Commercial development rate is $0.22 per square foot, industrial/office rate is $0.20 per square foot, and residential development would be based on a $2,262 per acre depending on density of units built or $709 per single residence. Annually, the City will adopt a budget to use these funds to create new facilities and equipment. Part I – Fund Balance, Revenue, Interest, Expenditures, Ending Balance This fee is being collected for the development of a new Fire Station and equipment in order to meet some of the new commercial and residential development in the North Sphere of the City. The North Sphere Fire Station is currently going through the study and design phase through March 2024, and is expected to go into construction in late 2026. Residential and commercial development in the Northern Sphere of the city has necessitated the addition of a new fire station to support emergency response for the City. When additional development expands the population of an area or changes the distribution of the population, emergency responders must cover a wider variety of territory and responses. The addition of a new fire station allows for fast response times and adequate emergency coverage in all areas of the City. The City's Five Year Capital Improvement Program Budget is attached as a reference to future projects using existing cash balances for FY 2023-2024 through 2027-2028 Resolution No. 2023-064 Page 18 DocuSign Envelope ID: 8C39035E-2942-4BEC-B541-7C7606CFBFB2 Section G – Fire Facility Fee (235) - continued Sources, Amounts, and Dates of Funding Anticipated to Complete Financing: Funding sources for the North Sphere Fire Station are still being explored while the project is in the study and design phase. It is expected that the existing accumulation of developer fees will be fully utilized upon station construction, along with other funding sources that have yet to be determined. The total cost of the fire station is currently approximately $18.6 million. Resolution No. 2023-064 Page 19 DocuSign Envelope ID: 8C39035E-2942-4BEC-B541-7C7606CFBFB2