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Home My WebLink About11/17/1998, C5 - ANNUAL STATEMENTS OF REVENUES AND EXPENDITURES FROM DEVELOPMENT IMPACT FEES council z- 7- j agenba RepoRt C I T Y OF SAN LU I S O B I S P O FROM: Bill Statler,Director of Finance Prepared By: Linda Asprion, Revenue Manager SUBJECT: ANNUAL STATEMENTS OF REVENUES AND EXPENDITURES FROM DEVELOPMENT IMPACT FEES CAO RECOMN ENDATION Receive and file annual statements of revenues and expenditures from development impact fees for 1997-98 (water,wastewater and transportation). DISCUSSION Background On September 3, 1991, the Council adopted Ordinance 1200 implementing water and wastewater impact fees. On April 5, 1994,the Council adopted Ordinance 1256 implementing transportation impact fees. These fees are to be used in mitigating the impacts of future development on water, wastewater and transportation facilities. These fees were implemented within the regulatory guidelines of AB 1600 and continue to be regulated by this legislation. One of the key requirements of AB 1600, which was revised with the passage of SB 1693, is that the local agency, within 180 days after the last day of each fiscal year, shall make available to the public the following information for the fiscal year: ■ A brief description of the type of fee. ■ The amount of the fee. ■ The beginning and ending balance of the account. ■ The amount of the fees collected and any interest earned. ■ Identification of each public improvement on which fees were expended and the amount of the expenditures on each improvement including percentage of the cost of public improvement that was funded with the fees. ■ If agency determines that sufficient funds have been collected to complete financing on an incomplete public improvement when will construction of the improvement commence. ■ Description of each interfund transfer or loan. ■ Amount of any refunds. In order to comply with these requirements, water, wastewater, and transportation impact fee statements have been prepared and are included as Exhibits A, B and C respectively. C5-! Council Agenda Report—Annual Statements of Revenues and Expenditures from Development Impact Fees Page 2 Impact Fee Statements for Fiscal year 1997-98 Both the water and wastewater impact fee statements show the amount of fees collected during fiscal years 1991-92 through 1997-98. The transportation impact fee statement shows the amount of fe°s collected during fiscal years 1995-96 through 1997-98, as the impact fee was implemented July 1, 1995. The project and debt service costs listed are the obligations analyzed in the impact fee study adopted by the Council upon which the fees are based. Since total costs were used in the analysis,prior expenditures for these facilities are available to be funded by the impact fees along with current year expenditures. It should be noted that only the percentage of the expenditures attributable to future development as identified in the impact fee studies for the wastewater and transportation calculation, and the urban Water Management Plan for the water calculation, are identified for funding from the impact fees. Conclusion To be in compliance with AB 1600, the City must make available to the public an annual statement showing the collection of impact fees and how these fees were spent. The attached exhibits provide the appropriate information to meet the City's responsibility. EJHIBITS A-1 Water impact fee statement for fiscal year 1997-98 A-2 Water impact fee schedule B-1 Wastewater impact fee statement for fiscal year 1997-98 B-2 Wastewater impact fee schedule C-1 Transportation impact fee statement for fiscal year 1997-98 C-2 Transportation impact fee schedule EXHIBIT A-1 City of San Luis Obispo Water Impact Fee Statement for Fiscal Year 1997-98 Impact Fees Collected Water Impact Fees collected in prior years $529,518 Water Impact Fees collected during 1997-98 $492,368 Interest on Impact Fees collected S0 Total Water Impact Fees Available $1,021,886 Supply Costs Capital Expenditures Funded by Impact Fees Salinas Reservoir Expansion prior years $840,703 Salinas Reservoir Expansion during 1997-98 $92.872 Nacimiento Water Project prior years $236,886 Nacimiento Water Project during 1997-98 $60 Water Reuse Project prior years $61,752 Water Reuse Project during 1997-98 $56,461 Total Expenditures $1,288,734 Percentage applicable to future development* 67.5% Treatment Treatment Costs Debt Service Funded by Impact Fees 1993 Water Revenue Bonds Debt Service paid during 1993-94 $710,363 Debt Service paid during 1994-95 $756,204 Debt Service paid during 1995-96 $752,704 Debt Service paid during 1996-97 $753,954 Debt Service paid during 1997-98 $754,704 Total Debt Service $3,727,929 Percentage applicable to future development:*::::::.:::::::::..::..::::::::::.::::..:...:.:......:...:':.>::.;;::.;;;:.::.;:.;:.;;;:<.:>;:.;;>; >::;.>:,22.5%,. OweIlarwa ;herr twusng b water Traci i els S83$X . Total Costs Allowable for funding by Water Impact Fees $1,708,679 Water Impact Fee Balance ($686,793) • Percentage based upon the Urban Water Management Plan adopted by Council on November 15, 1994. C5% 3 Exhibit WATER BOACT FEE SCHEDULE EFFECTIVE JULY 19 1998 RESIDENTIAL IMPACT FEE SCHEDULE Unit LW Service Units Water Impact Fee Single Family Dwelling 1.00 $6,543.00 Duplex, Townhouse, Condo Apartment 0.80 $5,235.00 Mobile Home 0.60 $3,926.00 NON-RESIDENTIAL IMPACT FEE SCHEDULE Unit Tvne Service Units Water hWact Fee 5/8" -3/4" 1.00 $ 6,543.00 1" 2.00 $ 13,086.00 1 1/2" 4.00 $ 26,172.00 2" 6.40 $41,878.00 3" 14.00 $ 91,607.00 4" 22.00 $143,954.00 6" 45.00 $294,452.00 Pursuant to Resolution No. 8389 (1995 Series), a variable water impact fee credit for the cost of retrofitting, at $150 per bathroom be provided to applicants who are required to retrofit as a condition of development pursuant to the requirements of Municipal Code Chapter 17.89.030 B. EXHIBIT B-1 City of San Luis Obispo Wastewater Impact Fee Statement for Fiscal Year 1997-98 Impact Fees Collected Wastewater Impact Fees collected in prior years $595,672 Wastewater Impact Fees collected during 1997-98 $446,826 Interest on Impact Fees collected during 1997-98 $6,578 Total Wastewater Impact Fees Available $1,049,076 Treatment and Trunk Collection Costs Debt Service Funded by Impact Fees 1992 State Revolving Fund Loan Debt Service paid during 1993-94 $2,051,329 Debt Service paid during 1994-95 $2,120,642 Debt Service paid during 1995-96 $2,135,672 Debt Service paid during 1996-97 $2,135,682 Debt Service paid during 1997-98 $2,135,682 Total Debt Service $10,579,007 Percentage applicable to future development` 0 g ot 2 : 38+t ... Total Costs Allowable for funding by Wastewater Impact Fees $846,321 Wastewater Impact Fee Balance $202,755 • Percentage based upon impact fee study adopted by Council on September 3, 1991. Cs-s Exhibit WASTEWATER R"ACr FEE SCHEDULE EFFECTIVE JULY 19 1"8 RESIDENTIAL R"ACT FEE SCHEDULE Unit Service Units Wastewater Impact Fee Single Family Dwelling 1.00 $2,591.00 Duplex, Townhouse, Condo Apartment 0.80 $2,073.00 Mobile Home 0.60 $1,555.00 NON-RESIDENTIAL DaACT FEE SCHEDULE Unit TyM Service Units Wastewater Impact Fee 5/8" - 3/4" 1.00 $ 2,696.00 1" 2.00 $ 5,392.00 1 1/2" 4.00 $ 10,784.00 2" 6.40 $ 17,254.00 3" 14.00 $ 37,745.00 4" 22.00 $59,313.00 6" 45.00 $121,323.00 e.�-6 EXHIBIT C-1 City of San Luis Obispo Transportation Impact Fee Statement for Fiscal Year 1997-98 Fund Balance, Beginning of Year 1995-96 $0 Impact Fees Collected Transportation Impact Fees collected during 1995-96 $224,470 Transportation Impact Fees collected during 1996-97 $163,058 Transportation Impact Fees collected during 1997-98 $283,440 Interest on Impact Fees collected during 1995-96 $11.744 Interest on Impact Fes collected during 1996-97 $6,534 Interest on Impact Fees collected during 1997-98 6,690 Total Transportation Impact Fee Revenue $695,936 Capital Expenditures Funded by Impact Fees Computer Traffic Model during 1996-97 $27,200 Computer Traffic Model during 1997-98 $2,680 Railroad Bike Path Phase I - SPRR Right of Way during 1995-96 $181,000 Railroad Bike Path Phase I - SPRR Right of Way during 1996-97 $30,100 Railroad Bike Path Phase I - SPRR Right of Way during 1997-98 $15,090 Jennifer Street Bike Bridge during 1997-98 $278,000 Traffic Signals during 1997-98 $56,130 Bike Path Land Acquisition during 1997-98 $63,905 Total Costs Allowable for funding by Transportation Impact Fees $654,105 Fund Balance, End of Year June 30, 1998 $41,831 G3'"? Exhibit TRANSPORTATION MACT FEES EFFECTIVE JULY 19 1998 Land Use Category _ Impact Fee per Unit of Development Single Family Residential $ 1,329/DU Multi-Family Residential $ 1,179/DU Retail* $2,096/KSF* Office $2,665/KSF Service Commercial $ 1,445/KSF Industrial $ 770/KSF Hospital $2,386/KSF Motel/Hotel* $ 616/Room* Service Station (includes 1,000 square feet)** $ 1,14ZTump Other $ 124/Trip * Fees for retail and hotel/motel are set at 50% of the adjusted study costs in recognition of the fiscal benefits these developments bring to the City. ** Square footage above this amount will be charged at the service commercial rate, excluding structures that are specifically built to cover pump areas. DU = Dwelling Unit KSF = 1,000 Square Feet cs �