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HomeMy WebLinkAbout12-15-2015 Item 7, AB 1600 Development Impact Fees Annual ReportCity of San Luis Obispo This report as required by AB 1600 identifies the amount of each fee collected, the disbursements made from each fee type and the amount of interest apportioned to each fee balance during the 2014-15 fiscal year. Also, a report has been prepared that reflects, for each fee type, the aging of the balance held by the City. This report has been available for public inspection 15 days prior to tonight’s meeting in the Finance Department. Notice was posted on the City Clerk’s bulletin board in front of City Hall on November 30, 2015. The schedules referred to above provide a breakdown of the individual fee balances on hand as of June 30, 2014 based on unaudited information. The statutes specify that this report shall include the following information: 1. The amount of each fee. 2. The amount of developer fees disbursed on each project for the year just ended. 3. The amount of developer fees collected for the year just ended. 4. The amount of interest earned by the developer fees for the year just ended. 5. Any other income received that is related to the projects, if applicable. 6. The beginning and ending fund balance for each development fee account. 7. The total cost of projects undertaken during the last year and the percentage of the project cost paid out of developer fees. 8. The 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 and the public improvement remains incomplete. 9. The amount and purpose of all interfund transfers during the last year. 10. The following is a brief description of the purpose of the fee and the nature of projects funded in the current year. Transportation Impact Fee This impact fee was established for the expansion of transportation facilities and travel lanes within the City. There were ten active projects funded by this fee during the most recent fiscal year. The largest of those projects was the Los Osos Valley Road/US101 Interchange Project. As of June 30, 2015, the account held $ 1,471,571. No refund of impact fees were requested or made. With respect to the current projects, the following are incomplete and will require additional resources beyond the current fiscal year and beyond the five years since collected: Prado Road Bridge Widening – The project will need to compete for grant funds to complete. Impact fees will be available as a local match with construction start anticipated for 2018-19. Los Osos Valley Road Interchange – This project will be completed in 2015-16 with funds coming from state grants totaling $16 million and bond proceeds in the amount of $7.5 million that will be paid for by TIF fees and LOVR Sub Area Fees. Railroad Safety Trail, Taft to Pepper – This project will be completed upon the receipt of up to $3.24 million in grant funds, which are anticipated to become available in 2017-18. Airport Area Impact Fee This impact fee was established for the expansion of transportation facilities in and around the airport area. The only project funded during the fiscal year from these fees was the Airport Area Specific Plan design services. As of June 30, 2015 the account held $937,895. $23,487 was spent for widening Tank Farm Road. . No refund of impact fees were requested or made. $349,383 in Airport Area Impact Fees have been held longer than five years and the collected funds are not sufficient to initiate and complete projects identified in the AASP fee program and therefore need to be retained until adequate funding is available to fund needed improvements. With respect to the current projects, the following are incomplete and will require additional resources beyond the current fiscal year and beyond the five years since collected: Santa Fe Bridge Realignment – The project will need to compete for grant funds to complete. Impact fees will be available as a local match. $50,000 in AASP fees have been programmed to commence a project study report in FY 2015-16 to determine project eligibility for grant funding and design alternatives. Additional programming of AASP fees for design and environmental work for this project will be necessary in FY 16-17. Specifically, there are not sufficient funds available at this time to complete projects identified in the AASP program. These include financing of improvements on Tank Farm Road and completing the Santa Fe Bridge project. Council needs to make a finding that the AASP funds are being held for these purposes. Unless this finding is made, the collected fees will need to be refunded to the current record owner or owners of lots or units of the development project. Los Osos Valley Road Impact Fee This impact fee was established for the expansion of capacity for Los Osos Valley Road. The only project funded during the fiscal year from these fees was for design services of the Los Osos Valley Road and Highway 101 Interchange Improvements. In addition, the city recorded a liability for the reimbursement owed to a developer for an amount equal to the impact fees collected for the year. As of June 30, 2015 the account held $146,724. No refund of impact fees were requested or made. With respect to the current projects, the following is incomplete and will require additional resources beyond the current fiscal year: Los Osos Valley Road Interchange – This project will be completed in 2015-16 with funds coming from state grants totaling $16 million and bond proceeds in the amount of $7.5 million that will be paid for by TIF fees and LOVR Sub Area Fees. Water Impact Fees This fee was established for the expansion and improvement of facilities used for water supply, water treatment and water distribution The fees are used for debt service for the following projects: 1. Nacimiento Pipeline 2. Water Reuse Project Loan 3. 2006 Water Treatment Plant Debt Service 4. 2012 Water Refunding Debt Service All listed projects are 100% complete. Fees collected and retained are used for debt service and new development’s fair share of funding upgrades water treatment plan upgrades. The balance of funds as of June 30, 2015 is $615,643. No funds have been held longer than five years. No refund of impact fees were requested or made. Sewer Impact Fee This impact fee was established for the expansion and improvement of facilities used for sewer collection and sewer treatment. At June 30, 2015 the account was in deficit in the amount of ($2,464,295). No refund of impact fees were requested or made. The fees were used for the following projects: 1. Laguna Lift Station 2. Calle Joaquin Lift Station 3. Margarita Lift Station 4. WRRF Upgrade 5. Tank Farm Lift Station 6. State Revolving Loan Debt Service The Laguna and Tank Farm lift stations are complete. However, new development in those areas has not progressed at a rate to pay its share of the lift station improvements. The Calle Joaquin and Margarita lift stations are moving forward. Those lift stations are currently in the design phase. The negative balance of ($2,464,295) as of June 30, 2015 is a point in time and will be addressed as new development pays impact fees during the subsequent fiscal year. This reflects the fact that improvements were needed for the orderly development of the City and the negative balance will be corrected with future impact fee payments that will be paid during the next few fiscal years. Margarita Area Impact Fee Fee credits and impact fee loans were made consistent with the Council’s authorization in April 2012 to fund the first phase of the construction of Prado Road. The City Council concurrently approved a reimbursement agreement with the developer’s for the Serra Meadow’s tracts that provided for these loans and credits. As of June 30, 2015, total MASP Transportation Impact Fee credits issued were $1,383,649 and MASP Park Fee Credits were $1,052,718 for a total fee credits of $2,436,367. The estimated Prado Road improvements to be reimbursed as of June 30, 2015 are $3,479,297. It is anticipated that Serra Meadow impact fee credits will be sufficient to fund the first phase of Prado Road and that MASP Park Impact Fees will be repaid with impact fees paid by the Moresco Tract. Other Fees Presented Parkland Impact Fee This fee was established under the Quimby Act and as such is not an Impact Fee. The fee is charged against residential development for the expansion of parkland, park facilities and other recreational structures and is presented here for information purposes only. The only outflow of funding from this fee for the most recent fiscal year was for the Skate Park design and construction work. At June 30, 2015 the account held $ 624,9371 Open Space In-Lieu Fees This fee was established for the acquisition and expansion of open space for the City and is not an Impact Fee as defined by AB 1600. The only expenditures for the fiscal year in this account was for the Froom Ranch Improvements and Calle Joaquin Ag Reserve. At June 30, 2015 the account held $503,979, but only $26,644 is attributable to impact fees. Affordable Housing Inclusionary Fees This impact fee was established for funding affordable housing inclusionary programs in the City and is also not an impact fee as defined by AB 1600. There were only two expenditures for the fiscal year in this account. One was a contribution to the SLO County Housing Trust Fund which was recently authorized by the City Council for an amount of $30,000. The other expenditure was an operating transfer to the City’s Community Development Block Grant Fund for staff salaries related to administration and oversight of these activities. At June 30, 2015 the account held $1,699,072. 1 $200,000 was allocated in the 2015-2016 budget for improvements and as of June 30, 2015, $424,937 is available for future allocation. City of San Luis Obispo Developer Impact Fee Compliance 2015 Transportation Impact Fee Fund 405 Fiscal Year Beginning Balance Impact Fees Interest Non AB 1600 Interest Revenue Other Agencies Other Revenue Transfers In AB 1600 Expenses Other Expenses AB 1600 Transfers Out Total Ending Balance 2008-09 4,041,419$ 498,385 197,387 668,853 1,829,260 3,576,784$ 2009-10 3,576,784$ 51,942 107,553 399,911 87,221 74,000 864,670 28,700 3,404,041$ 2010-11 3,404,041$ 889,128 72,051 647,363 671,057 114,698 4,226,828$ 2011-12 4,226,828$ 414,282 66,373 - 212,085 780,961 621,064 3,517,543$ 2012-13 3,517,543$ 221,213 13,190 - 1,059,704 1,059,188 818,897 2,933,565$ 2013-14 2,933,565$ 1,002,592 28,352 287,949 421,651 236,955 3,593,852$ 2014-15 3,593,852$ 898,574 51,872 350,172 63,791 49,388 3,533,810 2,268 1,471,571$ Aging of Funds Held Current Yr Funds FY 2014-15 1 yr old Funds FY 2013-14 2 yr old Funds FY 2012-13 3 yr old Funds FY 2011-12 4 yr old Funds FY 2010-11 5 yr old Funds FY 2009-10 Funds attributed to recent 6 years If Number is Positive, then Funds subject to findings or refund Total Ending Balance 950,446 1,030,944 234,403 480,655 961,179 159,495 3,817,122 (2,345,551)$ 1,471,571$ City of San Luis Obispo Summary of Local Agency Improvement Fees (AB 1600 Development Impact Fees) Report for Fiscal Year Ended June 30, 2015 Transportation Impact Fee (Fund 405) Project Number Project Name Project Amount Expended Percent Funded by Impact Fees Impact Fee Expenditures Non Impact Fee Expenditures Developer Impact Fees Collected Impact Fee Interest Income Other Income 90434 Victoria Avenue Land Acquisition 104,388$ 100%104,388$ -$ 90653 Traffic Volume Counts 5,082$ 100%5,082$ -$ 90821 RRST Phase 4A 1,200$ 100%1,200$ -$ 90949 Traffic Model Update 1,172$ 100%1,172$ -$ 90950 CN RR Safety Trail Lighting 70,277$ 100%70,277$ -$ 91110 RR Safety Trail Hathaway/Taft 2,800$ 19%532$ 2,268$ 91111 RR Safety Trail Taft/Pepr 237,248$ 100%237,248$ -$ 91252 FY Prado Rd Bridge Widen 189,839$ 100%189,839$ -$ 91276 City Traffic Counts 2014 5,529$ 100%5,529$ -$ 99821 Los Osos Valley Road/US 101 Interchange 2,918,543$ 100%2,918,543$ -$ Totals 3,536,078$ 3,533,810$ 2,268$ 898,574$ 51,872$ 463,351$ Available Funds as of June 30, 2014 3,593,852$ Available Funds as of June 30, 2015 1,471,571$ Funds Collected in recent year and prior 5 years 3,817,122$ Funds held longer than 5 years 0 City of San Luis Obispo Developer Impact Fee Compliance 2015 Airport Area Impact Fee Fund 450 Fiscal Year Beginning Balance Impact Fees Interest Non AB 1600 Interest Revenue Other Agencies Other Revenue Transfers In AB 1600 Expenses Developer Reimb AB 1600 Transfers Out Total Ending Balance 2008-09 966,198$ 0 48,509 20,991 993,716$ 2009-10 993,716$ 3,599 31,393 0 1,028,708$ 2010-11 1,028,708$ 0 19,147 19,383 1,028,472$ 2011-12 1,028,472$ 11,280 16,993 35,173 1,021,572$ 2012-13 1,021,572$ 0 4,344 317,712 708,204$ 2013-14 708,204$ 255,011 3,668 9,845 957,038$ 2014-15 957,038$ 4,344 23,487 937,895$ Aging of Funds Held Current Yr Funds FY 2014-15 1 yr old Funds FY 2013-14 2 yr old Funds FY 2012-13 3 yr old Funds FY 2011-12 4 yr old Funds FY 2010-11 5 yr old Funds FY 2009-10 Funds attributed to recent 6 years If Number is Positive, then Funds subject to findings or refund Total Ending Balance 4,344 258,679 3,948 28,273 19,147 34,992 349,383 588,512$ 937,895$ City of San Luis Obispo Summary of Local Agency Improvement Fees (AB 1600 Development Impact Fees) Report for Fiscal Year Ended June 30, 2015 Airport Area Impact Fee (Fund 450) Project Number Project Name Project Amount Expended Percent Funded by Impact Fees Impact Fee Expenditures Non Impact Fee Expenditures Other Revenues Impact Fee Interest Income Other Income 90588 Tank Farm Broad Inter 23,487$ 100%23,487$ -$ Totals 23,487$ 23,487$ -$ -$ 4,344$ Available Funds as of June 30, 2014 957,038$ Available Funds as of June 30, 2015 937,895$ Funds Collected in recent year and prior 5 years 588,512$ Funds Held Longer than 5 Years 349,383$ City of San Luis Obispo Developer Impact Fee Compliance 2015 Los Osos Valley Road Impact Fee Fund 460 Fiscal Year Beginning Balance Impact Fees Interest Non AB 1600 Interest Revenue Other Agencies Other Revenue Transfers In AB 1600 Expenses Developer Reimb AB 1600 Transfers Out Total Ending Balance 2008-09 282,240$ 0 48,311 229,058 8,875 92,618$ 2009-10 92,618$ 79,719 15,084 0 4,043 183,378$ 2010-11 183,378$ 11,166 8,599 0 18,963 - 184,180$ 2011-12 184,180$ 1,797,650 18,233 1,622,651 1,576 375,836$ 2012-13 375,836$ 0 1,166 49,577 179,809 147,616$ 2013-14 147,616$ 3,097 7,573 9,979 3,097 145,210$ 2014-15 145,210$ 0 1,514 0 146,724$ Aging of Funds Held Current Yr Funds FY 2014-15 1 yr old Funds FY 2013-14 2 yr old Funds FY 2012-13 3 yr old Funds FY 2011-12 4 yr old Funds FY 2010-11 5 yr old Funds FY 2009-10 Funds attributed to recent 5 years If Number is Positive, then Funds subject to findings or refund Total Ending Balance 1,514 10,670 1,166 1,815,883 19,765 94,803 1,943,801 (1,797,077)$ 146,724$ City of San Luis Obispo Summary of Local Agency Improvement Fees (AB 1600 Development Impact Fees) Report for Fiscal Year Ended June 30, 2015 Los Osos Valley Road Impact Fee (Fund 460) Project Number Project Name Project Amount Expended Percent Funded by Impact Fees Impact Fee Expenditures Developer Reimbursements Developer Impact Fees Collected Impact Fee Interest Income Other Income No Funds Expended this Year -$ Totals -$ -$ 0 1,514$ Available Funds as of June 30, 2014 145,209$ Available Funds as of June 30, 2015 146,724$ Fees collected in recent year and prior 5 years 1,943,801$ Funds Held Longer than 5 Years 0 City of San Luis Obispo Developer Impact Fee Compliance 2015 Water Impact Fee Fund 500 Fiscal Year Beginning Balance Impact Fees Interest Non AB 1600 Interest Revenue Other Agencies Other Revenue Transfers In AB 1600 Expenses Developer Reimb AB 1600 Transfers Out Total Ending Balance 2008-09 4,426,570$ 777,892 256,300 895,190 122,259 4,687,831$ 2009-10 4,687,831$ 462,231 210,300 970,096 14,918 4,405,184$ 2010-11 4,405,184$ 699,399 104,800 803,305 59,772 4,465,850$ 2011-12 4,465,850$ 643,160 109,029 703,006 0 4,515,033$ 2012-13 4,515,033$ 1,625,113 26,300 3,906,320 41,330 2,301,456$ 2013-14 2,301,456$ 819,477 5,650 2,865,321 261,262$ 2014-15 261,262$ 2,471,502 1,972 2,119,093 615,643$ Aging of Funds Held FY 2014-15 1 yr old Funds FY 2013-14 2 yr old Funds FY 2012-13 3 yr old Funds FY 2011-12 4 yr old Funds FY 2010-11 5 yr old Funds FY 2009-10 Funds attributed to recent 5 years If Number is Positive, then Funds subject to findings or refund Total Ending Balance 2,473,474 825,127 1,651,413 752,189 804,199 672,531 7,178,933 (6,563,290)$ 615,643$ City of San Luis Obispo Summary of Local Agency Improvement Fees (AB 1600 Development Impact Fees) Report for Fiscal Year Ended June 30, 2015 Water Impact Fee (Fund 500) Project Number Project Name Project Amount Expended Percent Funded by Impact Fees Impact Fee Expenditures Developer Reimbursements Developer Fees Collected Impact Fee Interest Income Other Income 89350 Water Reuse Project Loan Debt Service 116,639$ 59%68,817$ 89350 2006 Water Treatment Plant Debt Service 626,690$ 29%181,740$ Nacimiento Pipeline Project Debt Service 4,713,496$ 39%1,838,263$ 89350 2012 Water Refunding Debt Service 131,621$ 23%30,273$ 2,471,502$ 1,972$ Totals 5,588,446$ 2,119,093$ Available Funds as of June 30, 2014 261,262$ Available Funds as of June 30, 2015 615,643$ Fees collected in recent year and prior 5 years 7,178,933$ Funds Held Longer than 5 Years 0 City of San Luis Obispo Developer Impact Fee Compliance 2015 Sewer Impact Fee Fund 520 Fiscal Year Beginning Balance Impact Fees Interest Non AB 1600 Interest Revenue Other Agencies Other Revenue Transfers In AB 1600 Expenses Developer Reimb AB 1600 Transfers Out Total Ending Balance 2008-09 1,229,684$ 205,929 35,700 528,164 49,055 992,204$ 2009-10 992,204$ 102,301 8,600 854,235 3,733 252,603$ 2010-11 252,603$ 166,937 0 849,584 14,956 (415,088)$ 2011-12 (415,088)$ 141,234 0 655,355 0 (929,209)$ 2012-13 (929,209)$ 355,395 0 1,308,687 9,430 (1,891,931)$ 2013-14 (1,891,931)$ 268,132 0 608,432 (2,232,231)$ 2014-15 (2,232,231)$ 1,160,654 1,092 1,393,810 (2,464,295)$ Aging of Funds Held Current Yr Funds FY 2014-15 1 yr old Funds FY 2013-14 2 yr old Funds FY 2012-13 3 yr old Funds FY 2011-12 4 yr old Funds FY 2010-11 5 yr old Funds FY 2009-10 Funds attributed to recent 6 years If Number is Positive, then Funds subject to findings or refund Total Ending Balance 1,161,746 268,132 355,395 141,234 166,937 110,901 2,204,345 (4,668,640)$ (2,464,295)$ City of San Luis Obispo Summary of Local Agency Improvement Fees (AB 1600 Development Impact Fees) Report for Fiscal Year Ended June 30, 2015 Sewer Impact Fee (Fund 520) Project Number Project Name Project Amount Expended Percent Funded by Impact Fees Impact Fee Expenditures Developer Reimb Developer Fees Collected Impact Fee Interest Income Other Income 91116 Laguna Lift Station 133,284$ 31.4%41,851$ 91118 Calle Joaquin Lift Station 680,664$ 28.0%190,586$ 91214 Margarita Lift Station 52,863$ 51.0%26,960$ 91219 WRRF Upgrade 1,540,649$ 20.5%315,833$ 89351 Tank Farm Lift Station Debt Service 752,436$ 61.7%464,253$ 89351 State Revolving Loan Debt Service 610,908$ 58.0%354,327$ Totals 3,770,804$ 1,393,810$ 1,160,654$ 1,092 Available Funds as of June 30, 2014 (2,232,231)$ Available Funds as of June 30, 2015 (2,464,295)$ Fees collected in recent year and prior 5 years 2,204,345$ Funds held longer than 5 years 0 In Lieu Fees Not Subject to AB 1600 City of San Luis Obispo Developer Impact Fee Compliance 2015 Open Space Impact Fee Fund 430 Fiscal Year Beginning Balance Impact Fees Interest Non AB 1600 Interest Revenue Other Agencies Other Revenue Transfers In Impact Fee Expenditures Other Expenses AB 1600 Transfers Out Total Ending Balance 2007-08 81,559$ 0 11,997 323,000 22,772 5,000 388,784$ 2008-09 388,784$ 0 16,221 6,436 100 234,000 383,991 261,550$ 2009-10 261,550$ 0 12,706 314,824 10,500 260,378 370,498 489,460$ 2010-11 489,460$ 0 (807) 186,809 153 560,516 115,099$ 2011-12 115,099$ 0 3,336 305,000 240,069 183,366$ 2012-13 183,366$ 0 726 22,500 11,566 195,026$ 2013-14 195,026$ 20,981 3,833 50,204 200,000 58,452 411,592$ 2014-15 411,592$ - 2,289 275,000 38,258 35,000 530,623$ Aging of Funds Held Current Yr Funds FY 2014-15 1 yr old Funds FY 2013-14 2 yr old Funds FY 2012-13 3 yr old Funds FY 2011-12 4 yr old Funds FY 2010-11 5 yr old Funds FY 2009-10 Funds attributed to recent 5 years If Number is Positive, then Funds subject to findings or refund Total Ending Balance 2,289 24,814 726 3,336 (807) 12,706 43,064 530,623$ Balances from Transfers 503,979 Balances attributed to Impact Fees 0 26,644 City of San Luis Obispo Summary of Local Agency Improvement Fees (AB 1600 Development Impact Fees) Report for Fiscal Year Ended June 30, 2015 Open Space Impact Fee (Fund 430) Project Number Project Name Project Amount Expended Percent Funded by Impact Fees Impact Fee Expenditures Non Impact Fee Expenditures Developer Impact Fees Collected Impact Fee Interest Income Other Income 90768 Creek Mitigation 10,000$ 100%10,000$ 91112 Froom Ranch Improvement 38,258$ 100%38,258$ Totals 38,258$ 38,258$ 0 726$ 275,000$ Available Funds as of June 30, 2014 24,814$ Available Funds as of June 30, 2015 26,644$ Fees and Interest Collected in Prior 5 years 43,064$ Funds Held Longer Than 5 Years 0 City of San Luis Obispo Developer Impact Fee Compliance 2015 Parkland Impact Fee Fund 420 Fiscal Year Beginning Balance Impact Fees Interest Non AB 1600 Interest Revenue Other Agencies Other Revenue Transfers In AB 1600 Expenses Developer Reimb AB 1600 Transfers Out Total Ending Balance 2007-08 200,679$ 861,834 38,135 84,326 1,016,322$ 2008-09 1,016,322$ 176,579 54,896 94,781 22,705 1,319,873$ 2009-10 1,319,873$ 36,378 41,787 66,981 1,331,057$ 2010-11 1,331,057$ 35,805 23,628 25,583 169,411 1,246,662$ 2011-12 1,246,662$ 40,135 19,130 214,309 1,091,618$ 2012-13 1,091,618$ 152,217 4,697 11,746 1,236,786$ 2013-14 1,236,786$ 97,535 9,500 173,120 1,170,701$ 2014-15 1,170,701$ 273,647 3,110 822,521 624,937$ Aging of Funds Held Current Yr Funds FY 2014-15 1 yr old Funds FY 2013-14 2 yr old Funds FY 2012-13 3 yr old Funds FY 2011-12 4 yr old Funds FY 2010-11 5 yr old Funds FY 2009-10 Funds attributed to recent 5 years If Number is Positive, then Funds subject to findings or refund Total Ending Balance 276,757 107,035 156,914 59,265 59,433 78,165 737,569 (112,632)$ 624,937$ City of San Luis Obispo Summary of Local Agency Improvement Fees (AB 1600 Development Impact Fees) Report for Fiscal Year Ended June 30, 2015 Parkland Impact Fee (Fund 420) Enacted using the Quimby Act. See note below. Project Number Project Name Project Amount Expended Percent Funded by Impact Fees Impact Fee Expenditures Non Impact Fee Expenditures Developer Impact Fees Collected Impact Fee Interest Income Other Income 90752 Skate Park Improvement 822,521$ 100%822,521$ Totals 822,521$ 822,521$ -$ 273,647$ 3,110$ Available Funds as of June 30, 2014 1,170,701$ Available Funds as of June 30, 2015 624,937$ Fees and Interest Collected in Prior 5 Years 737,569$ Funds held Longer Than 5 Years 0 City of San Luis Obispo Developer Impact Fee Compliance 2015 Affordable Housing Inclusionary Impact Fee Fund 470 Fiscal Year Beginning Balance Impact Fees Interest Non AB 1600 Interest Revenue Other Agencies Other Revenue Transfers In AB 1600 Expenses Developer Reimb AB 1600 Transfers Out Total Ending Balance 2007-08 3,811,662$ 682,418 155,631 630,000 4,019,711$ 2008-09 4,019,711$ 465,726 199,625 1,450 892,462 3,794,050$ 2009-10 3,794,050$ 0 32,584 270,000 9,000 3,416,692 21,286 667,656$ 2010-11 667,656$ 332,841 15,988 30,000 3,929 39,854 1,010,560$ 2011-12 1,010,560$ 848,788 21,915 112,696 1,768,567$ 2012-13 1,768,567$ 182,685 7,417 697,000 1,261,669$ 2013-14 1,261,669$ 793,655 52,712 30,000 17,000 2,061,036$ 2014-15 2,061,036$ 159,602 12,882 179,552$ 697,000 17,000 1,699,072$ Aging of Funds Held Current Yr Funds FY 2014-15 1 yr old Funds FY 2013-14 2 yr old Funds FY 2012-13 3 yr old Funds FY 2011-12 4 yr old Funds FY 2010-11 5 yr old Funds FY 2009-10 Funds attributed to recent 5 years If Number is Positive, then Funds subject to findings or refund Total Ending Balance 190,102 846,367 190,102 870,703 348,829 32,584 2,478,687 (779,615)$ 1,699,072$ City of San Luis Obispo Summary of Local Agency Improvement Fees (AB 1600 Development Impact Fees) Report for Fiscal Year Ended June 30, 2015 Affordable Housing Inclusionary Impact Fee (Fund 470) Project Number Project Name Project Amount Expended Percent Funded by Impact Fees Impact Fee Expenditures Non Impact Fee Expenditures Developer Fees Collected Impact Fee Interest Income Other Income 90496 SLO County Housing Trust Fund 30,000$ 100%30,000$ -$ 91034 313 South Street 650,000$ 100%650,000$ Transfers Out General Fund 17,000$ 100%17,000$ Totals 697,000$ 697,000$ -$ 159,602$ 12,882$ 179,552$ Available Funds as of June 30, 2014 2,728,036$ Available Funds as of June 30, 2015 1,699,072$ Fees and Interest Collected in Prior 5 Years 2,478,687$ Fees Held Longer Than 5 Years 0 C-,A City Administration 990 Palm Street, San Luis Obispo, CA 93401 -3249 805.781.7114 slocity ory CITY OF SAN LUIS OBISPO NOTICE OF AVAILABILITY OF INFORMATION ACCOUNT INFORMATION RELATED TO LOCAL AGENCY IMPROVEMENT FEES Notice Issue Date: November 30, 2015 Notice is hereby given that as of the date noted above the City of San Luis Obispo has made available to the public a draft report entitled: ANNUAL REPORT ON DEVELOPER IMPACT FEES FOR FISCAL YEAR ENDED JUNE 30, 2015 PURSUANT TO GOVERNMENT CODE SECTION 66001 (AB 1600) The notice is provided in accordance with Section 66006 (b)(2) of the California Government Code. The final report shall be considered by the City Council at the following public meeting: When: Tuesday, December 15, 2015 at 6:00 p.m. Where: City Council Chambers, 990 Palm Street, San Luis Obispo, California The draft report may be reviewed during regular business hours at the City Clerk's Office, 990 Palm Street, San Luis Obispo, California. All interested persons are invited to attend said meeting, or to submit written communication, to express their opinion for or against the report. This notice was posted on November 30, at 5:00 pm on the City's bulletin board, located in front of City Hall and in the lobby of the Finance Department. For further information, interested persons may contact Derek Johnson, Interim Finance Director at 805- 781 -7130. 7LABEHERE CITY CLERK CITY OF SAN LUIS OBISPO AFFIDAVIT OF POSTING PUBLIC MEETING NOTICE STATE OF CALIFORNIA ) COUNTY OF SAN LUIS OBISPO ) SS. CITY OF SAN LUIS OBISPO ) NOTICE OF PUBLIC MEETING — LEGAL NOTICE PURSUANT TO CALIFORNIA MITIGATION FEE ACT I, JON ANSOLABEHERE, declare as follows: That I am the Interim City Clerk of the City of San Luis Obispo; that a copy of the above referenced Legal Notice of Public Meeting for December 15, 2015, was posted on the bulletin board outside City Hall, 990 Palm Street, San Luis Obispo, California, and lobby of the Finance Department at 990 Palm Street, San Luis Obispo, California, and on the City's website www.slocit oorg at 5:00 p.m. on November 30, 2015. I declare under the penalty of perjury that the foregoing is true and correct. ANSOLABEHERE -RIM CITY CLERK