TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: RN Mendoza, Financial Analyst
SUBJECT:
title
AB 1600 Annual Report of the Development Impact Fees for the Fiscal Year ended 2023/24
end
RECOMMENDATION
recommendation
Receive and File the AB 1600 Annual Report of the Development Impact Fees for the Fiscal Year ended 2023/24.
body
PRIOR ACTION/VOTE
On July 19, 2016, the City Council adopted Resolution No. 16-3602, replacing Resolution No. 98-612, and establishing a new Development Impact Fee Schedule, and imposing a phased-in approach for some residential and office development for projects with entitlements no later than December 31, 2016 (Vote: 4-1)1.
On April 16, 2024, the City Council held a public hearing and adopted Resolution No. 24-4733 approving an Update of the Public Facilities Development Impact Fee Schedule, and Resolution No. 24-4734, adopting a Development Impact Fee Nexus Study, which includes the Five-Year Fee Report (AB 1600) for the Fiscal Year 2022/23 and Making Findings Required by the Mitigation Fee Act (Vote: 3-2)2.
CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.
BACKGROUND
A Development Impact Fee (DIF) is a monetary exaction charged by a local government to a developer in connection with the implementation of an approved development project. DIFs can vary widely between jurisdictions because of differing facility needs. With the passage of Assembly Bill 1600, known as the 1987 Mitigation Fee Act (Government Code Section 66000 and following), the State of California recognized the burden on local governments from the rising costs associated with needed infrastructure and population increases associated with new development. The Mitigation Fee Act secured a system for identifying and collecting specific fees, dedications, reservations, and other exactions that ...
Click here for full text