HomeMy WebLinkAboutReso. 2025-001 - Making Findings Concerning Funds in the City of Redding's Impact Fee ProgramI I I -m-Opli
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WHEREAS, the City of Redding has had a range of impact fees in effect for several years; and
WHEREAS, California Government Code sections 66000, et seq. define 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 fifteen (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; and
WHEREAS, to satisfy these requirements, staff has prepared a Mitigation Fee Act Report Update
for the fiscal year ended June 30, 2024 (the Report). A public notice of the availability of the
Report was published in the Record Searchlight newspaper on December 22, 2024; and
WHEREAS, the City Council has accepted the Report on today's date, prior to the adoption of
this Resolution; and
WHEREAS, all legal prerequisites to the adoption of this Resolution have occurred;
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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
impact fee accounts with unexpended funds, as detailed in the Mitigation Fee Act Report
Update for the fiscal year ended June 30, 2024:
a. A brief description of the type of fee in the account or fund. (Gov. Code §
66006(b)(1)(A).)
b. The amount of the fee. (Gov. Code § 66006(b)(1)(B).)
C. The beginning and ending balance of the account or fund. (Gov. Code §
66006(b)(1)(C).)
d. The amount of the fees collected and the interest earned. (Gov. Code §
66006(b)(1)(D))
C. 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. (Gov. Code §
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 competefinancing on an incomplete public improvement.
(Gov. Code § 66006(b)(1)(F).)
9. 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. (Gov.
Code § 66006(b)(1)(G).)
h. The amount of refunds. (Gov. Code § 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 21st day of January, 2025, by the
following vote:
AYES- COUNCIL MEMBERS: - Audette, Dhanuka, Littau, Resner, and Mun
NOES- COUNCIL MEMBERS- - None
ABSENT. COUNCIL MEMBERS: - None
ABSTAIN: COUNCIL MEMBERS - - None I
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JACK MU?4NS, Mayor
FORM APPROVAL:
CHRISTIAN M. CURTIS, City Attorney