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HomeMy WebLinkAboutRes No. 09-80 - Development Impact Fees CITY OF PALM DESERT FINANCE DEPARTMENT STAFF REPORT REQUEST: ADOPTION OF RESOLUTION NO. 09- 80 MAKING CERTAIN FINDINGS RELATIVE TO THE ANNUAL REPORT OF CALCULATION OF GOVERNMENT CODE 66006, DEVELOPMENT IMPACT FEES FOR THE CITY OF PALM DESERT SUBMITTED BY: PAUL S. GIBSON, FINANCE DIRECTOR DATE: NOVEMBER 12, 2009 CONTENTS: RESOLUTION NO. 09-80 EXHIBIT A- ANNUAL REPORT OF CALCULATION OF GOVERNMENT CODE 66006 EXHIBIT B - CAPITAL IMPROVEMENT PROGRAM 2009/10 Recommendation By Minute motion, thart the City Council: 1. Receive public testimony on annual report and findings; and 2. Waive further reading and adopt Resolution No. 09- 80. Backqround Following the passage of Proposition 13 in 1978, many cities began charging fees on new development to fund public improvements and services such as streets, traffic signals, parks, drainage, housing and art in public places. These fees are commonly known as development impact fees. In order to ensure that these fees were spent in a timely manner and on projects for which they were being collected, the State Legislature passed a bill known as AB 1600 (Mitigation Fee Act). This bill applies to developer fees, increased or imposed on or after January 1, 1989. AB 1600 enacts Government Code Sections 66000-66008 that generally contain four requirements: 1. A local jurisdiction must follow the process set forth in the bill and make certain determinations regarding the purpose and use of the fees, and establish a "nexus" or connection between a development project or class of project and the public improvement being financed with the fee. 2. The fee must be segregated from the general fund in order to avoid commingling of public improvement fees and the general fund. G:\Finance\Niamh Ortega\Staff Reports\SR-adopiion of res-developer impact fees 111209.docx Staff Report Adoption of Resolution No. 09- 80 November 12, 2009 Page 2 of 3 3. If a local jurisdiction has had possession of a developer fee for five years or more and has not committed that money to a project or actually spent that money, then it must make findings describing the continuing need for that money. In addition, an annual report must be made of fees collected, interest earned, projects on which fees were expended, and any transfers or loans from the fee account. This report is to be reviewed by the local agency assessing the fees. 4. If a local jurisdiction cannot make the findings required under paragraph 3, the City must refund the fees collected. The Transportation Uniform Mitigation Fee, Housing Mitigation, New Construction Tax, Drainage Facility, Fringe-toed Lizard, Park & Recreation Fee, Traffic Signalization Fee, Art in Public Places Fee, AIPP Maintenance, Child Care Facility and Fire Facility Fund fees that the City collects qualify as development impact fees. Therefore, these fees must comply with the above-referenced Government Code Sections. Government Code Section 66001 requires the City to make available to the public certain information regarding development impact fees for each fund within 180 days after the end of the each fiscal year. Expenditures of the fees collected must occur within a five-year period. Attached to the staff report is a copy of the annual report reflecting the require information to conform to Government code sections 66001 and 66006. Originally when the fees were adopted the Ordinance/staff reports contained the necessary Nexus findings to establish each of the fees. The fees are used to assist the City in handling the increased population affecting Palm Desert on our streets, traffic signals, parks, public facilities like City hall, housing needs for low income housing, public art and mitigation fees to protect environmental plants and wildlife due the new development. Each fee is held in a separate fund and the report shows the fees collected and interest earned along with the expenditures paid. Lastly, the report shows the fees collected up to the five years and compares it to the fund balance to verify that the fees were spent within the five years. The following are the fees that exceeded the five-year expenditures test: Drainage Facility Fee. This fee has current capital improvement budgeted projects (copy of capital budgets attached) which would bring the fees under the five-year test and will be spent within a year to two years dependent on design, State and local issues. The Drainage Facility Fee fund balance is $5,312,001 versus the five-years revenue collected of $1,798,289 exceeds the five-year test by $3,513,712. We currently have a drainage facility master plan that indicates the various projects that the fee is being collected to build. Unfortunately, the cost of installation of these projects requires large fund balance accumulated prior to implementing the capital budget and must also be timed with other improvements happening around these capital projects. The future project schedule to draw down these funds below the five-year test is the extension of Portola Drainage, Country Club Drive, Frank Sinatra and Highway 111 for $5,460,600. This year staff is recommending that the adoption of a resolution by City Council to make the findings that we have complied with the five-year test under Government Code section 66006. Attached is the resolution making the findings along with the Annual Report and a copy of the Capital Improvement Budget for FY 2009-2010. Staff Report Adoption of Resolution No. 09- 80 November 12, 2009 Page 3 of 3 Fiscal Analvsis There is no fiscal impact to the City unless refunds are necessary. Since these findings have been made and the City is in compliance with the Code, no refunds are required. Building Industry Association (BIA) has been provided a copy of this report. Submitted By: CITY COUNCIL A�ON APPROVED DENtTD EIVED OTHER� �� P ul S. Gibson, Director of Finance/City Treasur ` �o � _ ME�TING DATE � � � � ,�r� S'lljl f-E'/' C 07'� i7�/ Z� � i� '/ Ap oval: AYES:� -- - �, NOES: ��,mi _ ABSENT: AI3STAIN: j n ohlmuth, City Manager VERIFIED BY: Original on File with Ci terk'9 Office Dave Erwin, City Attorney RESOLUTION NO. 09-80 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, TO MAKE CERTAIN FINDINGS PURSUANT TO CALIFORNIA GOVERNMENT CODE SECTION 66001 WHEREAS, the City of Palm Desert is required to make certain findings every five years with respect to the unexpended fund balance of certain development fee funds pursuant to California Government Code Section 66001; and WHEREAS, the information to make the required findings can be found in the Annual Report Calculation, in the 2009-2010 Capital Improvement Program, the original ordinance adopting the fees file with the City Clerk; and WHEREAS, the City Council has approved a master drainage plan, a general plan for parks and approved a regional traffic signal plan that demonstrates the purpose of the fee being charged; and WHEREAS, these findings need to be made in conjunction with the public information required in Code Section 66006. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm Desert, California, as follows: 1. That the above recitations are true and correct. 2. That the following findings are made as required under the Government Code Section 66006: a. That the purpose to which the developer fee is to be put has been identified. b. That a reasonable relationship has been demonstrated between the fee and the purpose for which it is charged. c. That all sources and amounts of funding anticipated to complete financing on incomplete improvements have been identified. d. That the approximate dates on which the funding referred to above is expected to be deposited into the appropriate fund have been designated. 3. That these findings are based on information provided in the City of Palm Desert Annual Development Impact Report, Operating Budget and Capital Improvement Program 2009-2010 and master plans for improvements, which is incorporated herein by reference. Page 2 of 2 of Resolution No. o9-so PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert City Council held on this day of November 2009, by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN: ATTEST: RACHELLE KLASSEN, CITY CLERK ROBERT A SPIEGEL, MAYOR CITY OF PALM DESERT, CALIFORNIA � Annual Report of Calculation of Government Code 66006 Development impact Fees For the City of Palm Desert For Fiscal Year Ending June 30, 2009 Government Code Section 66006 requires local agencies to submit annual and five-year compliance reports detailing the status of development impact fees. The annual report must be made available to the public and presented to the public agency (City Council) at least fifteen days after it is made available to the public. This report summarizes the fo�lowing information for each of the development fee programs: 1. A brief description of the fee program. 2. Schedule of fees. 3. Beginning and ending balances of the fee program. 4. Amount of fees collected and the interest earned. 5. Disbursement information and percentage funded by fees, including operating transfers. 6. Five year compliance testing of unexpended fees and future capital project commitments to expend the funds. The fee programs included in this report are the fol�owing: Section A—Transportation Uniform Mitigation Fee Section B — Housing Mitigation Fee Section C — New Construction Tax Fee Section D — Drainage Facility Fee Section E — Fringe Toed Lizard Fee/ MSHCP Section F — Park & Recreation Fee Section G —Traffic Signalization Fee Section H —Art In Public Places Fee Section I —A.I.P.P. Maintenance Fund Section J — Child Care Facility Fund Section K— Fire Facility Fund Page 1 Section A — Transportation Uniform Mitigation Fee (T.U.M.F.) The TUMF program is collected by the City and administer by the Coachella Valley Association of Government (CVAG). The City of Palm Desert collects the fee based on a Ordinance adopted by City Council based on type of building usage and vehicles generated by the residential or commercial activity on City streets. The City monthly remits the fee to C.V.A.G. to be disbursed on a regional basis for street widening projects determine yearly by CVAG Capital Project Program Budget. Fee for residential is $1837.44 and all commercial buildings are based on attached formula and data sheet schedule which varies from project to project. Part 1 — Fund Balance, Revenue, Interest, Expenditures, Ending Balance Beginning Fiscal Year Ending Account Descri tion Fund Balance 2008-09 Fund Balance Revenues & Other Sources: Developer Fee 944,947.71 Interest Income Contributions Transfers In Total Sources 944,947.71 Expenditures & Other Uses: Capital Projects (Paid to CVAG) 944,947.71 Transfers Out Total Uses 944,947.71 Total Available - 0 - - 0 - - 0 - Part II — Compliance with expending funds within 5 Years Five Year Revenue Test Using First In First Out Method Unspent Funds Represents Ending Fund Balance June 30, 2009 Revenues Collected From FY 2008-2009 944,947.71 Total Ending Fund Balance - 0 - Result: Five year spent test met in accordance With Government Code 66001 Capital Improvement FY2008-2009 % Complete % Funded with Fee Pro'ects CVAG Pa ments 944,947.71 100% 100% Page 2 Section B— Housing Mitigation Fee (Fund 214) The Housing Mitigation Fee is used to mitigate the low-income housing impacts caused by commercial and industrial development. Used to help construct or provide low-income housing assistance with the City of Palm Desert residence. A yearly and five year Low Income Housing Needs Report/Plan is compile to access the needs within the City. 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. Part 1 — Fund Balance, Revenue, Interest, Expenditures, Ending Balance Beginning Fiscal Year Ending Account Descri tion Fund Balance 2008-09 Fund Balance Revenues 8� Other Sources: Developer Fee 95,595 Interest Income 49,958 Contributions (State Grant) 30,000 Transfers In Total Sources 175,553 Expenditures & Other Uses: Capital Projects - 0 - Transfers Out to Low Income Housing Total Uses - 0 - Total Available 1,939,036 175,553 2,114,589 Part II — Compliance with expending funds within 5 Years Five Year Revenue Test Using First In First Out Method Unspent Funds Represents Ending Fund Balance June 30, 2009 Revenues Collected From FY 2005-2006 1,064,110 Revenues Collected From FY 2006-2007 1,214,744 Revenues Collected From FY 2007-2008 2,309,418 Revenues Collected From FY 2008-2009 175,553 Total Ending Fund Balance 2,114,589 Result: Five year spent test met in accordance With Government Code 66001 2 Year Balance Capital Improvement FY2008-2009 Five Year % Funded with Fee Pro'ects Future Commitments Low InCome Housing 0 Working on Design& 100% Project (Falcon/ La Land purchase Rocca Apartments) 2,114,589 Prior Site Developer- Bankru t Page 3 Section C — New Construction Tax Fee (Fund 231) The New Construction Tax Fee is used for acquisition and development of public facilities like playgrounds, public structures, and street improvements. Yearly the City Council approves a five year Capital Improvement Budget that reflects current projects along with future committed projects utilizing these fees. The fee is for Industrial Buildings $0.05/sq. ft.; Residential units' $0.40/sq. ft.; all other development $0.40/sq. ft. Part 1 — Fund Balance, Revenue, Interest, Expenditures, Ending Balance Beginning Fiscal Year Ending Account Descri tion Fund Balance 2008-09 Fund Balance Revenues & Other Sources: Developer Fee 361,355 Interest Income 21,025 Prior Yr Adjustment 16,449 Transfers In from General Fund-LOAN Total Sources 398,829 Exuenditures & Other Uses: Capital Projects 4,463 Transfers Out Total Uses 4,463 Total Available 668,968 394,366 1,063,334 Part II — Compliance with expending funds within 5 Years Five Year Revenue Test Using First In First Out Method Unspent Funds Represents Ending Fund Balance June 30, 2009 Revenues Collected From FY 2004-2005 1,240,001 Revenues Collected From FY 2005-2006 1,101,866 Revenues Collected From FY 2006-2007 597,098 Revenues Collected From FY 2007-2008 344,582 Revenues Collected From FY 2008-2009 398,829 Total Ending Fund Balance 1,063,334 Result: Five year spent test met in accordance With Government Code 66001. 2 Year Balance Capital Improvement FY2008-2009 Five Year % Funded with Fee Pro'ects Future Commitments Fire Station Renovations 4,463 100% Civic Center Storage 100,000 *Repayment of General Fund 433,650 Loan to cover negative cash Page 4 � Section D — Drainage Facility Fee (Fund 232) The Drainage Facility Fee is used for planned local drainage created by the development and adjoining streets to the project. The City has adopted a master drainage plan which gets modify as new development occurs. In addition, the five-year City Capital Improvement 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 with the public works department upon request. Part 1 — Fund Balance, Revenue, Interest, Expenditures, Ending Balance Beginning Fiscal Year Ending Account Descri tion Fund Balance 2008-09 Fund Balance Revenues & Other Sources: Developer Fee 39,270 Interest Income 128,773 Contributions Total Sources 168,043 Expenditures & Other Uses: Capital Projects 211,331 Total Uses 211,331 Total Available 5,355,290 43,288 5,312,001 Part II — Com liance with ex endin funds within 5 Years Five Year Revenue Test Using First In First Out Method Unspent Funds Represents Ending Fund Balance June 30, 2009 Revenues Collected From FY 2004-2005 389,685 Revenues Collected From FY 2005-2006 534,432 Revenues Collected From FY 2006-2007 395,204 Revenues Collected From FY 2007-2008 310,925 Revenues Collected From FY 2008-2009 168,043 Total=1,798,289 Total Ending Fund Balance 5,312,001-1,798,289=3,513,712 Result: Five year spent test over the limit by $3,513,712 however, City has Budgeted capital projects ($5,460,600) well above the excess that will be completed within 24 months from 6/30/09 which will com I with Government Code 66001. Capital Improvement FY2008-2009 Five Year % Funded with Fee Pro'ects Future Commitments Portola Ave Drainage 100% North Sphere- Drainage 2,361 1,600,000 100% Country Club Drive 26,870 2,000,000 Design 100% Frank Sinatra/Portola 182,100 1,260,600 Design 100% Hw 111 Non-State 600,000 100% Page 5 Section E — Fringe Toed Lizard Fee / Wildlife Mitigation(MSHCP) This fee is collected in connection with environmental endanger plants & wildlife agreements with State and Federal environmental agencies. The fee is collected and placed into trust and remitted monthly to Center for Natural Lands Management to be used to acquire open space land to preserve for various plants and wildlife preserves. The current fee is $2,371 per acre. In fiscal year 2008-2009 the fee will be changed to reflect the new multi-species mitigation agreement. Part 1 — Fund Balance, Revenue, Interest, Expenditures, Ending Balance Beginning Fiscal Year Ending Account Descri tion Fund Balance 2008-09 Fund Balance Revenues & Other Sources: Developer Fee 97,064 Interest Income Contributions Transfers In Total Sources 97,064 Expenditures & Other Uses: Capital Projects 97,064 Transfers In Total Uses 97,064 Total Available - 0 - - 0 - - 0 - Part II — Compliance with expending funds within 5 Years Five Year Revenue Test Using First In First Out Method Unspent Funds Represents Ending Fund Balance June 30, 2009 Revenues Collected From FY 2003-2004 - 0 — Revenues Collected From FY 2004-2005 - 0 — Revenues Collected From FY 2005-2006 - 0 — Revenues Collected From FY 2006-2007 - 0 - Revenues Collected From FY 2007-2008 - 0 - Total Ending Fund Balance - 0 - Result: Five year spent test met in accordance With Government Code 66001 Capital Improvement FY2008-2009 Five Year % Funded with Fee Pro'ects Future Commitments Payment to C. V. 97,064 -0- 100% Conservation Comm. Page 6 Section F — Park & Recreation Fee (Fund 233) The fee is used to acquire land, construct parks and recreational areas, open space, and other public facilities for the city residents. 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 only charged to residential properties based on the following formula: Number of units x 2.292(people per household) x 5 acres divided by 1000 population x land market value per acre. Part 1 — Fund Balance, Revenue, Interest, Expenditures, Ending Balance Beginning Fiscal Year Ending Account Descri tion Fund Balance 2008-09 Fund Balance Revenues & Other Sources: Developer Fee -�- Interest Income 67,847 Contributions (Insurance Settlement) 159,113 Transfers In Total Sources 226,960 Expenditures & Other Uses: Capital Projects 840,932 Transfers In Total Uses 840,932 Total Available 3,164,532 613,972 2,550,560 Part II — Compliance with expending funds within 5 Years Five Year Revenue Test Using First In First Out Method Unspent Funds Represents Ending Fund Balance June 30, 2009 Revenues Collected From FY 2004-2005 1,133,022 Revenues Collected From FY 2005-2006 2,435,013 Revenues Collected From FY 2006-2007 1,896,904 Revenues Collected From FY 2007-2008 210,664 Revenues Collected From FY 2008-2009 226,960 Total Ending Fund Balance 2,550,560 Result: Five year spent test met in accordance With Government Code 66001 3 1/2 Years Capital Improvement Projects FY2008-2009 Five Year % Funded Future with Fee Commitments *Civic Center Amphitheater&Park Improvements 150,000 2,306,477 100°/a New Community Center Design 398,566 50% Hiking Trail 62,149 154,046 25% Park Improvements (Freedom Park) 133,123 100,000 50% All Playground Upgrade to meet new ADA 391,530 600,000 Mid Valley Parkway Bike path 64,979 Aquatic Center 39,150 Page 7 Section G — Traffic Signalization Fee (Fund 234) The fee is used for acquisition and development of the regional traffic signals within the City created by increase 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 1 — Fund Balance, Revenue, Interest, Expenditures, Ending Balance Beginning Fiscal Year Ending Account Descri tion Fund Balance 2008-09 Fund Balance Revenues & Other Sources: Developer Fee 52,471 Interest Income 18,501 Contributions Transfers In Total Sources 70,972 Expenditures & Other Uses: Capital Projects 95,017 Transfers Out (Traffic Signal payout of Measure A Fund — Reimb for Traf Sig. Total Uses 95,017 Total Available 771,275 24,045 747,230 Part II — Compliance with expending funds within 5 Years Five Year Revenue Test Using First In First Out Method Unspent Funds Represents Ending Fund Balance June 30, 2009 Revenues Collected From FY 2004-2005 182,691 Revenues Collected From FY 2005-2006 203,441 Revenues Collected From FY 2006-2007 374,812 Revenues Collected From FY 2007-2008 137,663 Revenues Collected From FY 2008-2009 70,972 Total Ending Fund Balance Result: Five year spent test met in accordance 747,230 With Government Code 66001 4 Years Capital Improvement FY2008-2009 Five Year % Funded with Fee Projects Future Commi#ments Frank Sinatra 85,074 2,035,200 100% Fred Warin Mod 9,943 Page 8 Section H — Art In Public Places Fee The fee is used to acquire, develop, install and maintain artwork to be displayed in the city (City owned land), the administration of the program and community public art education programs. The City has an Art in Public Places committee that meets monthly to decide both location and type of art that will be placed throughout the City. Developers may choose to place and develop art within their project site without paying a fee to the City. Yearly the City Council adopts a five- year Capital Improvement Plan and administration plan detailing the current and future projects necessary for use of the fee. Part 1 — Fund Balance, Revenue, Interest, Expenditures, Ending Balance Beginning Fiscal Year Ending Account Descri tion Fund Balance 2008-09 Fund Balance Revenues & Other Sources: Developer Fee 307,070 Interest Income 53„229 Refunds to Due to Private Placement 18,000 Total Sources 378,299 Expenditures & Other Uses: Capital Projects/Administration of Project 340,715 Transfers Out—AIPP Maint Fund er Ord Total Uses 340,715 Total Available 2,319,925 37,584 2,357,509 Part II — Compliance with expending funds within 5 Years Five Year Revenue Test Using First In First Out Method Unspent Funds Represents Ending Fund Balance June 30, 2009 Revenues Collected From FY 2004-2005 289,794 Revenues Collected From FY 2005-2006 797,618 Revenues Collected From FY 2006-2007 923,567 Revenues Collected From FY 2007-2008 412,842 Revenues Collected From FY 2008-2009 378,299 Total Ending Fund Balance 2,357,509 Result: Five year spent test met in accordance With Government Code 66001 4 Years Capital Improvement FY2008-2009 Future Commitments % Funded with Fee Administration 247,198 60% Prof. Architecture/Eng 17,907 100% Art Work—EI Paseo 100% Art/PlacemenUPurchase 75,610 1,176,600 100% AIPP Maint 1% Transfer 100% Page 9 Section i — A.I.P.P. Maintenance Fund A portion of the Art in Public Places fee is used to cover the yearly maintenance of all the art placed within the City on public places. The City of Palm Desert placed General Fund cash within the fund of a sum of$300,000 to be used as a loan to have sufficient funds to adequately maintain the Artwork until sufficient funds are collected to cover the yearly costs. Part 1 — Fund Balance, Revenue, Interest, Expenditures, Ending Balance Beginning Fiscal Year Ending Account Descri tion Fund Balance 2008-09 Fund Balance Revenues & Other Sources: Developer Fee Interest Income 458 Contributions (Damage Restitution) 14,415 Transfers In 8,351 Total Sources 23,324 Expenditures & Other Uses: Maintenance of Art Work 76,184 Transfers Out Total Uses 76,184 Total Available 50,855 52,860 2,005 Part II — Compliance with expending funds within 5 Years Five Year Revenue Test Using First In First Out Method Unspent Funds Represents Ending Fund Balance June 30, 2009 Loan From General Fund —Transfer In 300,000 Loan from General Fund Revenues Collected From FY 2004-2005 Revenues Collected From FY 2005-2006 Revenues Collected From FY 2006-2007 Revenues Collected From FY 2007-2008 Total Ending Fund Balance (2,005) Result: Five year spent test met in accordance With Government Code 66001 Capital Improvement FY2008-2009 Five Year % Funded with Fee Pro'ects Future Commitments Maintenance of Art 76,184 100% H:\WP51\COUNCIL�.Annual Report-Development Impact Fee 2005-06.doc Page 10 Section J — Child Care Facility Fund 228 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 City Council in August 2005. Yearly, the City will adopts a budget to use these funds to create new facilities and equipment. Part 1 — Fund Balance, Revenue, Interest, Expenditures, Ending Balance Beginning Fiscal Year Ending Account Descri tion Fund Balance 2008-09 Fund Balance Revenues & Other Sources: Developer Fee 180,214 Interest Income 32,503 Contributions Transfers In Total Sources 212,717 Expenditures & Other Uses: Design, Construction & Equip 2,534 (Wallaroo) Transfers Out Total Uses 2,534 Total Available 1,260,759 210,183 1,470,942 Part II — Compliance with expending funds within 5 Years Five Year Revenue Test Using First In First Out Method Unspent Funds Represents Ending Fund Balance June 30, 2009 Loan From General Fund —Transfer In Revenues Collected From FY 2005-2006 270,008 Revenues Collected From FY 2006-2007 766,590 Revenues Collected From FY 2007-2008 257,680 Revenues Collected From FY 2008-2009 212,717 Total Ending Fund Balance 1,470,942 Result: Five year spent test met in accordance With Government Code 66001 4 Years Capital Improvement FY2008-2009 Five Year % Funded with Fee Pro'ects Future Commitments Grants to Non-Profits 2,534 1,500,000 (Land&New Fac) 100% Attempting to locate land and facility to acquire. H:\WP51\COUNCIL�Annual Report-Development Impact Fee 2006-07.doc Page 11 Section K — Fire Facility Fund The City of Palm Desert is interested in providing funding, through impact fees for 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. 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. Yearly, the City will adopt a budget to use these funds to create new facilities and equipment. Part 1 — Fund Balance, Revenue, Interest, Expenditures, Ending Balance Beginning Fiscal Year Ending Account Descri tion Fund Balance 2008-09 Fund Balance Revenues & Other Sources: Developer Fee 116,585 Interest Income 13,741 Contributions Transfers In Total Sources 130,326 Expenditures & Other Uses: Design, Construction & Equipment Transfers Out Total Uses - Total Available 484,281 130,326 614,606 Part II — Compliance with expending funds within 5 Years Five Year Revenue Test Using First In First Out Method Unspent Funds Represents Ending Fund Balance June 30, 2009 Loan From General Fund —Transfer In Revenues Collected From FY 2005-2006 131,509 Revenues Collected From FY 2006-2007 235,604 Revenues Collected From FY 2007-2008 118,306 Revenues Collected From FY 2008-2009 130,326 Total Ending Fund Balance 614,606 Result: Five year spent test met in accordance With Government Code 66001 4 Year Balance Capital Improvement FY2008-2009 Five Year % Funded with Fee Pro'ects Future Commitments New Fire Station - 0 - 3,504,271 50% Land Purchase 2,000,000 100% Page 12 a � o+ m ,i w �i e'> tO q° � � � a w !� � Project Number � Z D7c 3 c� z .o, D7C 3 z : v = v ; o r 3 0 " y'p o c � o°°i :• W �� ° o.. 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O � � � � t0 O � A O N w ' O O O 1�0 O � d 7 N FA 3 " z D� W � 0 � 3 � �O� D C�c O W W V W�W N W N W>N N -+ N O r W 3 W V1 N W I�f tD 01 V V 07 00 Of OD O A �U�f/1 j N� �00 N � W � V iT OD 10 f7� N N OD fl��10 N O�OI OD O N A O O N O � O O1 A G1 10 10 N W t0 O iT N O�O O A O� N +O O V �O O � }'p V O tl� 10 00� W O O N O O O t/�O N iT CC O O O t/�N W O O�t000 V N OI0001 O 00�O V 00!000 A00 ' A O Oo N O 10 �o O O O O O O O O+V1 V O O o A 01 O �7'� k _ � --� LEGAL NOTICE CITY OF PALM DESERT � ��� ���.''�� �,�tELATIVE TO ANNUAL REPORT OF DEVELOPER IMPACT FEE NOTICE IS HEREBY GIVEN that a Public Hearing will be held before the Palm Desert City Council to consider filing a report and resolution on developer impact fees as of June 30, 2009. � .,,,�.., ,.. SAID PUBLIC HEARING will be held on�. � , � � � ��� , t� � 4:00 p.m. in the Council Chamber of the Palm Desert Civic Center, 73-510 Fred Waring Drive, Palm Desert. All citizens are invited to present oral or written comments relative to the proposed impact fee report. Any citizen ur�able to attend may submit written comments to the City Clerk prior to the Public Hearing. Copies of the report may be reviewed at the Civic Center, Monday through Friday between the hours of 8:00 a.m. and 5:00 p.m. Dated this 23rd day of October, 2009. RA HELLE D. KLASSE , CITY CLERK CITY OF PALM DESERT, CALIFORNIA City of Palm Desert 73510 Fred Waring Drive Palm Desert, CA 92260 (760) 346-0611 ' Klassen, Rachelle From: Moeller, Charlene[CMOELLER@palmspri.gannett.com] Sent: Friday, October 23, 2009 3:52 PM To: Klassen, Rachelle Subject: RE: LEGAL NOTICE- Public Hearing - Developer Impact Fee Ad received and will publish on date(s) requested. Charlene Moeller Public Notice Customer Service Rep. The Desert Sun Newspaper 750 N. Gene Autry Trail, Palm Springs, CA 92262 (760) 778-4578, Fax(760)778-4731 Desert Sun leqals(�thedesertsun.com & Desert Post Weekly dpwleQalsCa�thedesertsun.com The Coachella Valley's#1 Source in News &Advertising! Visit us at mydesert.com Please consider the environment before printing this email From: rklassen@cityofpalmdesert.org [mailto:rklassen@cityofpalmdesert.org] Sent: Friday, October 23, 2009 3:37 PM To: Moeller, Charlene Cc: gmartinez@cityofpalmdesert.org; pgibson@cityofpalmdesert.org; nortega@ciryofpalmdesert.org Subject: LEGAL NOTICE - Public Hearing - Developer Impact Fee Hi, again,Charlene. Please publish the attached: CITY OF PALM DESERT—LEGAL NOTICE—PUBLIC HEARING RELATIVE TO ANNUAL REPORT OF DEVELOPER IMPACT FEE Two times in The Desert Sun—Wednesday.October 28.2009. Wednesday.November 4.2009 Thank you! Rachelle Raclia66a D. KBassaM, C�LIc City Clerk, City of Palm Desert 73510 Fred Waring Drive Palm Desert, CA 92260-2578 (760) 346-0611, Ext. 304 Fax: (760) 340-0574 1