HomeMy WebLinkAboutReso 2018-126 - Impact Fee Program RESOLUTION NO. 2018-126
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
MAKING FINDINGS CONCERNING FUNDS IN THE CITY OF
REDDING'S IMPACT FEE PROGRAM
WHEREAS:
A. The City of Redding has had a range of impact fees in effect for several years.
B. California Government Code Section 66000, et seq., defines specific reporting
requirements to provide for a public accounting of revenues and expenditures in the Impact
Fee Program. The reporting must be available to the public within 180 days of the end of
the fiscal year,and the City Council must review the information not earlier than 15 days of
availability to the public. In the fifth year after funds are first deposited, and annually
thereafter, the City must make certain findings concerning the status of those monies.
C. To satisfy these requirements, staff has prepared a MITIGATION FEE ACT REPORT UPDATE
for the fiscal year ended June 30, 2018 (the Report). A public notice of the availability of
the Report was published in the Record Searchlight newspaper on December 1, 2018.
D. The City Council has accepted the Report on today's date, prior to the adoption of this
resolution.
E. All legal prerequisites to the adoption of this resolution have occurred.
THEREFORE, THE CITY COUNCIL FINDS, RESOLVES, DETERMINES, AND
ORDERS AS FOLLOWS:
1. The matters set forth above are true and correct.
2. Pursuant to California Government Code Section 66001, the City Council makes the
finding that all the following reporting requirements have been met concerning all the Q)
impact fee accounts with unexpended funds, detailed in the Mitigation Fee Act Report G
Update for the fiscal year ended June 30, 2018: CC
a. A brief description of the type of fee in the account or fund. 66006(b)(1)(A)
b. The amount of the fee. 66006(b)(1)(B)
c. The beginning and ending balance of the account or fund. 66006(b)(1)(C)
d. The amount of the fees collected and the interest earned. 66006(b)(1)(D)
e. 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 improvements that was funded with fees. 66006(b)(1)(E)
f. An 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 compete financing on an incomplete public improvement.
66006(b)(1)(F)
g. A description of each interfund transfer or loan, including the public improvement
on which the transferred or loaned fees will be expended and, in the case of a loan,
when the loan will be repaid and the rate of interest the loan will receive.
66006(6)(1)(G)
h. The amount of refunds. 66006(b)(1)(H)
I HEREBY CERTIFY that the foregoing resolution was introduced and adopted at a
regular meeting of the City Council of the City of Redding on the 18th day of December, 2018,by
the following vote:
AYES: COUNCIL MEMBERS: Dacquisto,McElvain, Resner, Schreder, & Winter
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
JULIE WIN 'R, Mayor
ATTEST: FORM APPROVAL:
1
PAMELA MIZE, Ciity�Clerk BARRY E. De AL , City Attorney