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HomeMy WebLinkAboutReso 2008-005 - Redding Impact Fee Program . . :.. RESOLUTION NO. 2008 - OS 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. In April, 2001, the City Council of the City of Redding adopted a major revision to the Impact Fee Program for the City of Redding. B. California Government Code 966000, 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 30,2007 (the Report). A public notice of the availability of the Report was published in the Record Searchlight newspaper on December 21,2007. D. The City Council has accepted the Report on today's date, prior to the adoption ofthis 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 966001, the City Council makes the finding that all the following reporting requirements have been met concerning all the impact fee accounts with unexpended funds, detailed in the Mitigation Fee Act Report Update-for the fiscal year ended June 30, 2007: a. A brief description of the type offee in the account or fund. 66006(b)(J)(A) b. The amount of the fee. 66006(b)(1)(B) ~ D<I. I ~ c. The beginning and ending balance of the account or fund. 66006(b)(J)(C) d. The amount of the fees collected and the interest earned. 66006(b)(1)(D) o '\ . . 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)(l)(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)(J)(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(b)(l)(G) h. The amount ofrefunds. 66006(b)(l)(H) I HEREBY CERTIFY that the foregoing resolution was introduced, read, and adopted at a regular meeting of the City Council on the 15th day of January, 2008, by the following vote: AYES: NOES: ABSENT: ABSTAIN: COUNCIL MEMBERS: COUNCIL MEMBERS: COUNCIL MEMBERS: COUNCIL MEMBERS: Bosetti, Dickerson, Jones, Murray, and Stegall None None None ATTEST:., '.1' ,IJ~ '.... '", , /\ 'J , - r'I'.. / I r- ~ y t.t 5fM ~ill MAR LE STEGALL, OR FORM APPROVED: I . , '~'" -: ) " . ~/'?~ ~ RICHARD A. DUVERNAy,;ty ATTORNEY CLERK ., ~~.' , , ::- ," t., . , .." "l,.." ~ .': '\.. "