HomeMy WebLinkAboutReso 2011-003 - Impact Fee Program
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RESOLUTION NO. 2011 - 03
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 ~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 30,2010 (the Report). A public notice of the availability
of the Report was published in the Record Searchlight newspaper on December 11, 2010.
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 ~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, detailed in the Mitigation Fee Act Report
. Update-for the fiscal year ended June 30,2010:
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)
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d. The amount ofthe 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
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percentage of the cost of the public improvements that was funded with fees.
66006(b) (I)(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(b)(I)(G)
h. The amount of refunds. 66006(b)(I)(H)
I HEREBY CERTIFY that the foregoing resolution was introduced, read, and adopted at a
regular meeting of the City Council on the 4th day of January, 2011, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS: Bosetti, Dickerson, Jones, Sullivan, and McArthur
COUNCIL MEMBERS: None
COUNCIL MEMBERS: None
COUNCIL MEMBERS: None
ATTEST:
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FORM APPROVED:
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RICHARD A. DUVERNAY, C
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