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HomeMy WebLinkAboutItem 10c - Annual Development Impact Fee Report DATE: December 15, 2020 TO: Honorable Mayor and City Council FROM: Hue Quach, Administrative Services Director By: Henry Chen, Financial Services Manager/Treasurer SUBJECT: APPROVE THE ANNUAL DEVELOPMENT IMPACT FEE REPORT FOR FISCAL YEAR 2019-20 PURSUANT TO GOVERNMENT CODE SECTION 66006 Recommendation: Approve SUMMARY Pursuant to Resolution Nos. 6498 and 6602, the City has been collecting Transportation Impact Fees and Park Facilities Impact Fees and, as such, is required to report certain information to the City Council and public annually pursuant to Government Code Section 66006. These fees are intended to provide funding for the City to maintain infrastructure service levels and make improvements needed as a result of growth from development. The City has been complying with all collection and expenditure requirements. It is recommended the City Council approve the Annual Development Impact Fee Report for Fiscal Year 2019-20 pursuant to Government Code section 66006. DISCUSSION The City collects Transportation Impact and Park Facilities fees, which are fees associated with development projects. Government Code Section 66006 requires the City to prepare an annual report that describes certain information about the fees, such as the amount of fees collected, public improvements for which the fees were expended, fund balance, and other information. This information is attached hereto: Exhibit “A”: The Park Facilities Fee Impact Fund currently has a balance of $6,200,930 after expending a significant portion to construct the Eisenhower Park project. Additional fund balance will be used in the coming years to continue implementation of the adopted Parks Master Plan, most notably, the Newcastle Park project. Exhibit “B”: The Transportation Fee Impact Fund currently has a balance of $1,795,981. Funds are spent regularly from this account for various traffic improvements throughout the City. Annual Development Impact Fee Report for Fiscal Year 2018-19 December 15, 2020 Page 2 of 2 ENVIRONMENTAL ANALYSIS This proposed action does not constitute a project under the California Environmental Quality Act (“CEQA”), and it can be seen with certainty that it will have no impact on the environment. Thus, this matter is exempt under CEQA. FISCAL IMPACT Funds from these accounts make significant community improvement projects possible. Due to the variability of development activity in the community, the amount of revenue tends to vary substantially in any given year. In Fiscal Year 2019-20, both funds combined for over $1.4 million in new revenue to the City, including the interest that accrued. Without these funds, the City would need to find other sources of revenues to offset the impacts caused by new developments. RECOMMENDATION It is recommended the City Council determines that this project is exempt under the California Environmental Quality Act (“CEQA”); and approve the Annual Development Impact Fee Report for Fiscal Year 2019-20 pursuant to Government Code section 66006. Exhibit “A”: Annual Park Facilities Impact Fee Report Fiscal Year 2019-20 Exhibit “B”: Annual Transportation Impact Fee Report Fiscal Year 2019-20 1 Exhibit “A” City of Arcadia Annual Park Facilities Impact Fee Report Fiscal Year 2019-20 This annual report section has been prepared pursuant to the requirements of Government Code Section 66006. Description of Fees Pursuant to Resolution No. 6602, the Park Facilities Fee is collected to ensure that new development pays its fair share of costs associated with building new park facilities and infrastructure. Amount of Fees Beginning $2.85 per square feet for single family projects $3.73 per square feet for multi-family projects and Ending Balances of the Fund and Amount of Fees Collected and Interests Earned Fiscal Year Beginning Fund Balance Fees Collected Interest Earned Expenditures Other Ending Balance 2019-20 11,841,628$ 883,959$ 281,397$ (6,810,432)$ 4,378$ 6,200,930$ 2018-19 10,905,784 593,808 395,942 (53,906) - 11,841,628 2017-18 9,962,795 916,233 53,122 (26,366) - 10,905,784 2016-17 8,237,966 1,734,923 42,361 (52,455) - 9,962,795 2015-16 6,151,955 2,096,641 90,231 (100,861) - 8,237,966 2014-15 4,147,454 1,996,015 44,305 (35,819) - 6,151,955 2013-14 2,613,371 2,091,202 29,202 (1,087,003) 500,682 4,147,454 2012-13 1,454,337 1,406,449 1,989 (249,404) - 2,613,371 2011-12 408,453 1,313,881 15,650 (7,957) (275,690) 1,454,337 2010-11 1,259,352 1,002,034 25,163 (1,256,271) (621,825) 408,453 2009-10 407,424 851,928 - - - 1,259,352 2008-09 (275,982) 636,406 - - 47,000 407,424 2007-08 (264,045) 10,485 - (22,422) - (275,982) Total 15,533,964$ 979,362$ (9,702,896)$ (345,455)$ 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 2 Project Years Amount % Funded by Fees Museum Education Center 2008, 2014 984,884$ 49% City Hall Soccer Field 2010-2012 1,275,111 100% Wilderness Park Restroom 2013 148,482 100% City Park Improvements 2013-14 62,931 100% Community Center Backup Generator 2014 154,250 100% Recreation and Parks Master Plan 2014-18 212,900 100% Eisenhower Park 2019-20 6,864,338 100% Total 9,702,896$ Identification of an approximate date by which the construction of the public improvement will commence if the local agency determines that sufficient funds have been collected to complete financing on an incomplete public improvement, as identified in paragraph (2) of subdivision (a) of Section 66001, and the public improvement remains incomplete. The City has budgeted $275,000 for baseball bleacher replacements and $3.75 million for Newcastle Park improvements in in FY21-22. The anticipated completion date for these projects are 2022. Description of each interfund transfer or loan made from the account or fund, 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 rate of interest that the account or fund will receive on the loan. There were no interfund transfers or loans. Amount of refunds made pursuant to subdivision (e) of Section 66001 and any allocations pursuant to subdivision (f) of Section 66001. There were no refunds nor allocations for some other purpose for which fees were collected. 1 Exhibit “B” City of Arcadia Annual Transportation Impact Fee Report Fiscal Year 2019-20 This annual report section has been prepared pursuant to the requirements of Government Code Section 66006. Description of Fees Pursuant to Resolution No. 7151, the Transportation Impact Fee is collected to help pay for needed traffic improvements to maintain certain intersections at a Level of Service “D” or better. Amount of Fees $1,983 per PM Peak House vehicle trip Beginning and Ending Balances of the Fund and Amount of Fees Collected and Interests Earned Fiscal Year Beginning Fund Balance Fees Collected Interest Earned Expenditures Other Ending Balance 2019-20 2,574,038$ 155,861$ 75,033$ (1,280,422)$ 271,471$ 1,795,981$ 2018-19 2,955,110 517,563 101,503 (1,066,970) 66,832 2,574,038 2017-18 3,047,632 196,819 17,163 (456,785) 150,281 2,955,110 2016-17 1,977,887 1,553,561 12,414 (496,230) - 3,047,632 2015-16 1,672,534 335,883 21,746 (69,759) 17,483 1,977,887 2014-15 1,907,326 372,853 18,975 (920,723) 294,103 1,672,534 2013-14 852,100 1,148,032 (3,707) (94,751) 5,652 1,907,326 2012-13 885,350 184,392 (1,405) (746,457) 530,220 852,100 2011-12 643,777 227,173 7,361 (77,728) 84,767 885,350 2010-11 870,776 108,729 (930) (1,436,016) 1,101,218 643,777 2009-10 827,189 154,565 16,000 (247,292) 120,314 870,776 2008-09 652,399 165,234 38,902 (254,851) 225,505 827,189 2007-08 417,289 475,305 31,107 (271,302) - 652,399 Total 5,595,970$ 334,162$ (7,419,286)$ 2,867,846$ 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 2 Project Years Amount % Funded by Fees Sunset Blvd. Widening 2008 240,289 61.67% Santa Anita Intersection Improvement 2008-12 1,972,009 90.28% Huntington Drive Capacity Improvement 2012-15 1,524,342 73.04% Duarte Road Intersection Widening 2012-17 539,725 98.22% Transportation Impact Fee Study 2012-17 68,124 100.00% Land Acquisition 2015-16 144,239 10.00% Traffic Signal Improvements 2017-20 609,382 100.00% Duarte and Lovell Traffic Signalization 2018-19 343,381 100.00% Huntington Arterial Rehabilitation 2018-20 426,309 38.00% Santa Anita Corridor Traffic Signalization 2018-19 695,212 100.00% Citywide Traffic Signal Vehicle Detector Improvement 2019 5,271 100.00% Huntington Drive and Second Ave 2019 150,000 100.00% Sunset and Fairview Traffic Signalization 2019-20 425,861 100.00% Baldwin Ave Traffic Signal Fiber Optic Extension 2020 273,315 100.00% Colorado Street - Complete Streets 2020 1,827 100.00% Total 7,419,286$ Identification Of An Approximate Date By Which The Construction Of The Public Improvement Will Commence If The Local Agency Determines That Sufficient Funds Have Been Collected To Complete Financing On An Incomplete Public Improvement, As Identified In Paragraph (2) Of Subdivision (a) Of Section 66001, And The Public Improvement Remains Incomplete. The City utilizes the impact fees to fund various traffic signalization improvements and arterial rehabilitation projects on an annual basis. The projects that remain incomplete at the end of the fiscal year and their anticipated completion dates are as follows: Project Estimated Completion Huntington Arterial Rehabilitation Q1 2021 Santa Anita Corridor Traffic Signalization Q2 2021 Baldwin Ave Traffic Signal Fibre Optic Extension Q3 2020 Colorado Street - Complete Streets Q4 2021 Description Of Each Interfund Transfer Or Loan Made From The Account Or Fund, 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 Rate Of Interest That The Account Or Fund Will Receive On The Loan. There were no interfund transfers or loans. Amount Of Refunds Made Pursuant To Subdivision (e) Of Section 66001 And Any Allocations Pursuant To Subdivision (f) Of Section 66001. There were no refunds nor allocations for some other purpose for which fees were collected.