HomeMy WebLinkAboutR-11611 accepting the 2024-25 Annual Report on Development Impact Fees and making findings related tR 11611
RESOLUTION NO. 11611 (2025 SERIES)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS
OBISPO, CALIFORNIA, ACCEPTING THE 2024-25 ANNUAL REPORT
ON DEVELOPMENT IMPACT FEES AND MAKING FINDINGS RELATED
TO DEVELOPMENT IMPACT FEES HELD LONGER THAN FIVE YEARS.
WHEREAS, the City of San Luis Obispo (“City”) has an established Development
Impact Fee program and collects applicable impact fees pur suant to Municipal Code 4.56
and 4.20.140; and
WHEREAS, the documents reflecting the balance in each development impact fee
fund or account, accrued interest in said fund or account, and the amount of expend iture
by public facility for the fiscal year have been made available for public review as required
by California Government Code section 66006 ; and
WHEREAS, the City is required to make certain findings every five years with
respect to the unexpended fund balance of certain development impact fee funds
pursuant to California Government Code section 66001; and
WHEREAS, the “five-year findings” required by Government Code section 66001
are included in the 2024-25 Annual Report on Development Impact Fees.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis
Obispo as follows/or that:
SECTION 1. Recitals. All the above recitals are true and correct and are
incorporated herein by this reference.
SECTION 2. Acceptance. The 2024-25 Annual Report on Development Impact
Fees is hereby accepted.
SECTION 3. Findings. The findings made by staff within the 2024-25 Annual
Report on Development Impact Fees related to fee revenue held for longer than five years
are hereby accepted. The findings are summarized as follows:
1. Margarita Area Development Impact Fee (Fund 512) - As of June 30,
2025, there is $2,817,860.18 in revenue collected which has been held for
more than five years. The fund balance is intended to be used for pre -
construction activities (design, planning, permitting, etc.) and the overall
construction costs for a twenty-one-acre community park located in the
Margarita Area Specific Plan.
Docusign Envelope ID: A7D47410-321C-44E3-AA38-AC2EF92D4374
Resolution No. 11611 (2025 Series) Page 2
R 11611
2. Airport Area Transportation Impact Fee (Fund 503) – The fund balance
held more than five years is to be used for pre -construction activities (design,
planning, permitting, etc.) for two transportation improvement projects
programmed in the AASP TIF program: Tank Farm Road Widening and
Santa Fe Road Extension. Specifically, these funds will be used to reimburse
Covelop, Inc. for costs related to transportation improvements required for
the 600 Tank Farm development project and are also included in the Airport
Area Transportation Impact Fee calculation.
Upon motion of Vice Mayor Shoresman, seconded by Council Member Francis,
and on the following roll call vote:
AYES: Council Member Boswell, Francis, Marx, Vice Mayor Shoresman,
and Mayor Stewart
NOES: None
ABSENT: None
The foregoing resolution was adopted this 18th day of November 2025.
___________________________
Mayor Erica A. Stewart
ATTEST:
______________________
Teresa Purrington
City Clerk
APPROVED AS TO FORM:
______________________
J. Christine Dietrick
City Attorney
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the
City of San Luis Obispo, California, on ______________________.
___________________________
Teresa Purrington
City Clerk
Docusign Envelope ID: A7D47410-321C-44E3-AA38-AC2EF92D4374
11/21/2025 | 3:33 PM PST