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HomeMy WebLinkAbout5.5 Annual Report of Developer Impact Fee Funds Deposits Pursuant to Government Code Sections 66002, 66006, and 66008 (AB 1600)r DUBLIN CALIFORNIA STAFF REPORT CITY COUNCIL DATE: December 5, 2023 TO: Honorable Mayor and City Councilmembers FROM: Linda Smith, City Manager Agenda Item 5.5 SU B.ECT : Annual Report of Developer Impact Fee Funds Deposits Pursuant to Government Code Sections 66002, 66006, and 66008 (AB 1600) Prepared by.• JayBaksa, Finance Director EXECUTIVE SUMMARY: State law requires the City to review and report on an annual basis the status of development fees collected to finance public improvements. The report covers activity which occurred in these funds during Fiscal Year 2022-23. The analysis has determined that all funds held for more than five years are necessary to complete identified projects. STAFF RECOMMENDATION: Accept the report and adopt the Resolution Making Findings Regarding Unexpended Traffic Impact Fees for Fiscal Year 2022-23. FINANCIAL IMPACT: The financial impacts and accounting of development impact fees are discussed as part of the Staff Report. It should be noted that the Public Facility Impact Fees Fund received an advance in Fiscal Year 2022-23 from the General Fund Committed Reserve - Advance to Public Facility Fee for the Wallis Ranch Community Park, Library Tenant Improvements, and Jordan Ranch Neighborhood Square projects. DESCRIPTION: Background Cities are authorized under State Law to require development applicants to contribute fees toward off -site public improvements, which are needed as a result of the new development. The law requires the City to review, on an annual basis, the status of development fees collected, and to provide a report 180 days from the end of the fiscal year. In addition, Government Code Section 66006(b)(2) requires the report to be included on the City Council meeting agenda at a public meeting not less than 15 days after the information was made available. In the event any fees Page 1 of 5 81 remain unexpended for more than five years, the City Council must adopt a resolution making certain findings related to the continued need for the funds to complete the improvements. If findings are not made to support the retention of the funds, the unexpended fees must be returned to the current owners of the subject property. Maior Components of the Report The Fiscal Year 2022-23 Annual Report of Developer Funds (Attachment 2) provides information covering the period of July 1, 2022 through June 30, 2023. The law requires disclosure of numerous details with respect to activity in these accounts, including beginning and ending balances, collections for the year, expenditures for the year, interest earned, and any refunds. For this report, the City is providing information on the following funds: • City Impact Fees: o Eastern Dublin Transportation Impact Fees (EDTIF) o Western Dublin Transportation Impact Fees (WDTIF) o Specific Project Mitigation Fee o Public Facilities Impact Fees o Fire Impact Fees o Dublin Crossing Transportation Fee • Regional Impact/Mitigation Fees: o Tri Valley Transportation Development (TVTD) Fees o Regional Traffic Impact Fees Category 3 (Fee was included in EDTIF, suspended and replaced with TVTD Fees) o Dublin - Contra Costa County Traffic Impact Mitigation Fees • Pass Through Fees: o Freeway Interchange Fees o BART Garage (Included in EDTIF) Table 1 provides a high-level summary of the activity for the year, including the beginning and ending balances. Table 1: Annual Report of Developer Fees by Category (7/1/2022 - 6/30/2023) Impact Fee Category Public Facility Fees Fire Impact Fees ITraffic Impact Fees I TOTAL Beginning Balance (7/1/2022) $21,315,680 $257,707 $29,181,770 $50,755,157 Additions: Fees Collected; Interest Revenue $1,933,707 $76,902 $2,222,230 $4,232,839 Expenses: Project Costs; Interest; Loan Repayments; Pass - Through ($7,369,014) ($200,000) ($1,873,627) ($9,442,641) Ending Balance (6/30/2023) $15,880,373 $134,609 $29,530,373 $45,545,355 Change ($5,435,307) ($123,098) $348,603 ($5,209,802) Page 2 of 5 82 It is important to note that these fees are restricted and can only be used for the capital -related purposes for which they have been collected. Given the multi -year nature of the capital projects to be financed, it is expected that funds will be accumulated and used based on the timing of construction. During Fiscal Year 2022-23, the net balance of all funds reported decreased by approximately $5,209,000, which was largely attributable to the net impact of Public Facility Fee and Traffic Impact Fee funds collected during the year, and expenditures for the Cultural Arts Center, Don Biddle Community Park, and Fallon Sports Park Phase 3, as well as the various other capital improvement projects. A detailed accounting of each of the major categories is shown in the schedules included in Attachment 2. Funds Remaining Unexpended More Than Five Years After Being Collected One of the provisions in the State law regulating development fees is to regularly review funds collected and held for more than five years and to make certain findings to continue to hold those funds. Table 2 summarizes the accounts with contributions which have remained unexpended for more than five years. Page 3 of 5 83 Table 2: Summary of Accounts With Funds Remaining Unexpended For Five Years or More After They Were Collected Source of Fee Mitigation Fund: Central Pkwy & Park Place Traffic Signal Eastern Dublin TIF1(') Western Dublin TIF(2) Dublin - Contra Costa County Traffic Impact $4,042,083 $1,108,138 $667,574 $5,817,795 $5,464,338 Mitigation Fees Tri-Valley Transportation $3,094,968 $2,163,527 $688,464 $5,946,959 $5,085,407 Development Fee 1) 15 projects in EDTIF fee program will be undertaken beyond the current CIP time frame, totaling approximately $61.7 million. 2) 8 projects in the WDTIF fee program will be undertaken beyond the current CIP time frame, totaling approximately $8.8 million. Fees Unspent for More Than 5 Years as of 6/30/2023 $55,500 Fees Unspent for Less Than 5 Years Accumulated Interest Total Designated As of 6/30/2023 $0 $10,588 $66,088 2022-27 CIP Remaining Project Costs $1,500,000 $8,412,279 $1,214,861 $2,639,180 $760,668 $1,942,835 $272,395 $12,964,664 $2,247,924 $11,219,795 $1,812,138 Proposed Resolution Making Necessary Findings To be able to retain fees for longer than five years, certain findings must be made by the City Council. Without this action, the fees would need to be refunded. All fees summarized in the previous section of this report have identified projects that will require funding in the future. The funding needed includes the accumulated interest, which is allocated to and expended on only the authorized projects. Adoption of the Resolution (Attachment 1) will allow the City to continue to retain the fees to fund the projects for which they were collected. Richt to Reimbursement As provided for in the Consolidated Impact Fee Administrative Guidelines, Staff is to annually evaluate impact fee balances and analyze the potential use of funds collected to reduce Impact Fee Credits that have converted to a Right to Reimbursement (RTR). When a developer is granted an Impact Fee Credit, the initial credit period is 10 years. During that time the credit can be applied against fees owed. At the end of the credit period, a developer has an option to extend the credit period in perpetuity or convert to an RTR. The RTR continues for 10 years, and any unpaid amount is forfeited at the end of the RTR period. The following is a summary of current impact fee RTR balances: • Eastern Dublin TIF - $499,759 Page 4 of 5 84 • Fire - $1,238,824 STRATEGIC PLAN INITIATIVE: None. NOTICING REQUIREMENTS/PUBLIC OUTREACH: Government Code Section 66006(b)(2) requires the report to be included on the City Council meeting agenda at a public meeting not less than 15 days after the information was made available. Staff previously made available to the public a draft copy of this report on Friday, November 17, 2023. In addition, the Government Code Section requires that notice of the meeting shall be mailed, at least 15 days prior to the meeting, to any interested party who files a written request with the local agency for mailed notice of the meeting. The Finance Department mailed notices to interested parties who have filed requests in the past. ATTACHMENTS: 1) Resolution Making Findings Regarding Unexpended Traffic Impact Fees for Fiscal Year 2022- 23 2) Annual Report of Developer Impact Fee Funds for the Year Ended June 30, 2023 Page 5 of 5 85 Attachment I RESOLUTION NO. XX — 23 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN MAKING FINDINGS REGARDING UNEXPENDED TRAFFIC IMPACT FEES FOR FISCAL YEAR 2022-23 WHEREAS, the City has collected contributions for the completion of off -site public traffic improvements needed as a result of new development, which will not be expended within five years after deposit. The improvements are described in the Fiscal Year 2022-2027 Capital Improvement Program and include the improvements described below; and: Source of Fee 1. Project Specific Mitigation: Central Parkway & Park Place Drive Traffic Signal 2. Eastern Dublin Transportation Impact Fee 3. Western Dublin Transportation Impact Fee 4. Dublin - Contra Costa County Traffic Impact Mitigation Fees 5. Tri-Valley Transportation Development Fee Unexpended Developer Fees as of June 30, 2023 $55,500 $8,412,279 $1,214,861 $4,042,083 $3,094,968 WHEREAS, the contributions and fees and their associated projects described in the recital above are referred to as the "Traffic Improvements." NOW, THEREFORE, BE IT RESOLVED that the City Council of City of Dublin hereby find and determine that the foregoing recitals and determinations are true and correct: A. The contributions and fees which have been collected for the Traffic Improvements will remain unexpended after Fiscal Year 2022-23. B. The contributions and fees which have been collected for the Traffic Improvements will remain committed for construction of the improvements identified in the adopted Capital Improvement Program. C. The purpose for which the contributions and fees will be used is construction of the Traffic Improvements, as described above and in the 2022-2027 Capital Improvement Program. D. The contributions and fees were collected to make the Traffic Improvements, which improvements will mitigate traffic impacts caused by the new development projects which paid the fees. E. The contributions and fees which have been collected for the Traffic Improvements are needed for construction of the Traffic Improvements. Reso. No. XX-23, Item X.X, Adopted XX/XX/2023 Page 1 of 2 86 PASSED, APPROVED AND ADOPTED this 5th day of December 2023, by the following vote: AYES: NOES: ABSENT: ABSTAIN: Mayor ATTEST: City Clerk Reso. No. XX-23, Item X.X, Adopted XX/XX/2023 Page 2 of 2 87 Attachment 2 City of Dublin Annual Report of Developer Impact Fee Funds Deposits For the Year Ended June 30, 2023 CONTENTS SECTION INFORMATION PAGE(S) Section 1: Table of Disclosure Requirements With Cross Reference To Government Code and Location In 1-2 City of Dublin Report Section 2: Description Impact Fees Included In Report 3-4 Section 3: Status of Funds • Interfund Loans & Transfers • Specific Funds Held In Excess of 5 Years • Refunds Section 4: 2022-23 Accounting of Impact Fees by Major Category • Public Facility Impact Fees • Fire Impact Fees • Traffic Impact Fees 5-8 9 Section 5: Detail by Fund - Traffic Impact Fees 10 Contributions Section Detail - Traffic Impact Fees (Project Specific 11 5A: Mitigation) Contributions Section 6: Schedule of Funding For Public Improvements And Percentage Funded By Developer Fees 12 Data Available to Public November 17, 2023 Presented City Council Meeting December 5, 2023 88 SECTION 1 TABLE OF IMPACT FEE DISCLOSURE REQUIREMENTS WITH CROSS REFERENCES Government Code Section Requirement 66006 (b) (A) 66006 (b) (B) 66006 (b) (C) 66006 (b) (D) 66006 (b) (E) 66006 (b) (F) 66006 (b) (G) 66006 (b) (H) Provide the following: 1. A brief description of each of the City's impact fees. 2. The amount charged for the City's impact fees. 3. The beginning and ending balance for the City's impact fee accounts. 4. The amount of fees collected and interest earned. 5. 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 improvement that was funded with fees. 6. 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 complete financing on an incomplete public improvement, as identified in paragraph (2) of subdivision (a) of Section 66001, and the public improvement remains incomplete. 7. A description of each interfund transfer or loan made from the account or fund, including the public improvement on which the transferred or loaned fees will be expended, and, in the case of an interfund loan, the date on which the loan will be repaid, and the rate of interest that the account or fund will receive on the loan. 8. The amount of refunds made pursuant to subdivision (e) of Section 66001 and any allocations pursuant to subdivision (f) of Section 66001. 1 Information Found In City Report At Section 2, Part A Section 2, Part B Section 4 and Section 5 Section 4, Section 5, And Section 5A Section 6 Section 3, Part B Section 3, Part A Section 3, Part C 89 Government Code Section 66001 (d) 66001 (d) (1) 66001 (d) (2) 66001 (d) (3) 66001 (d) (4) 66006 (b) (1) (F) SECTION 1 TABLE OF IMPACT FEE DISCLOSURE REQUIREMENTS WITH CROSS REFERENCES Requirement 9. For the fifth year following the first deposit into the account or fund, and every five years thereafter, the City shall make all of the following findings with respect to those portions of the impact fee remaining unexpended, whether committed or uncommitted. a. Identify the purpose to which the fee is to be used for. b. Demonstrate a reasonable relationship between the fee and the purpose for which it is charged. c. Identify all sources and amounts of funding anticipated to complete financing in incomplete improvements. d. Designate the approximate dates on which the funding referred to in item c above is expected to be deposited into the appropriate account or fund. e. When sufficient funds have been collected, the agency shall identify, within 180 days of the determination that sufficient funds have been collected, an approximate date by which the construction of the public improvements will commence. 2 Information Found In City Report At Section 3, Part B and attached Resolution for items a-e below. 90 SECTION 2 DESCRIPTION OF IMPACT FEES A. DESCRIPTION OF THE CITY'S IMPACT FEES The City of Dublin has established the following Impact Fees and Traffic Mitigation Contributions: • Eastern Dublin Transportation Impact Fee (Eastern Dublin Traffic Impact Fees), include BART Garage Fee, Regional Traffic Impact Fees Category 3 • Western Dublin Transportation Impact Fee (Downtown Traffic Impact Fee) • Public Facilities Impact Fees • Fire Impact Fees • Tri Valley Transportation Development Fees • Freeway Interchange Fees • Dublin — Contra Costa Traffic Impact Mitigation Fees • Dublin Crossing Transportation Fee • Specific Project Mitigation Fee These impact fees were established to pay for the design, development and construction of public improvement projects for: streets; public facilities; parks; fire capital expansion projects and community amenities. B. AMOUNTS CHARGED BY THE CITY FOR IMPACT FEES AND PUBLIC IMPROVEMENTS FUNDED BY THESE FEES The amounts charged for the impact fees noted above are dependent upon the type and size of a particular development and were based upon related studies, conducted prior to the adoption of the fees. The City Council has adopted and imposed the subject fees through the passage of the following resolutions. These fees are updated on an annual basis based upon various cost indexes described in further detail as part of the resolutions for these fees: Impact Fee Eastern Dublin Traffic Impact Fees Western Dublin Transportation Impact Fee (Downtown Traffic Impact Fee) Public Facility Impact Fees Fire Impact Fees Tri-Valley Transportation Development Fees Freeway Interchange Fees Dublin — Contra Costa Traffic Impact Mitigation Fees. Dublin Crossing Transportation Fee Specific Project Mitigation Fee Resolution / Ordinance Resolution 1-95 Amended by Resolution 41-96, 225-99, 111-04, 41-09, 40-10, 144-21 Resolution 210-04 Amended by Resolutions 47-09, 147-16 Resolution 32-96 Amended by Resolutions 60-99, 214-02, 45-09, 134-15, 110-17 Resolution 37-97 Amended by Resolutions 208-00,12-03, 77-05, 46-09, 111-17 Resolution 89-98 Amended by Resolutions 85-99, 87-03, 68-15, 86-22 Resolution 11-96 Amended by Resolution 155-98 Resolution 74-00 and Contra Costa County Ordinance No. 2000-24 Ordinance 08-13 Project Condition of Approval 3 91 SECTION 2 DESCRIPTION OF IMPACT FEES The studies and supporting documentation presented or adopted as part of the resolutions noted above identify the public improvements that those fees will be used to finance. These studies also show that there is a reasonable relationship: a.) between the fees' use and the type of development project on which the fee is imposed; and b.) between the need for the public facility and the type of development project on which the fee is imposed. 4 92 SECTION 3 STATUS OF FUNDS A. INTERFUND LOANS AND TRANSFERS OF IMPACT FEES No inter -fund loans or transfers of impact fees were granted to other funds during Fiscal Year 2022-23. Public Facility Impact Fees Fund received an advance from General Fund Committed Reserve — Advance to Public Facility Fee designated by the City Council, for construction of parks and public facilities. Fiscal Year 2022-23 General Fund advance was for Wallis Ranch Community Park, Jordan Ranch Neighborhood Square, and the Library Tenant Improvements B. ANALYSIS OF FEES LEVIED AGAINST DEVELOPMENT PROJECTS IN ACCORDANCE WITH SEC. 66001 OF THE (CGC) AND UNSPENT AFTER 5 YEARS The purpose of the review was to identify monies that have been collected and held for a period of more than five years and to make appropriate disclosures. The City of Dublin has analyzed the balance of monies held, at the beginning of Fiscal Year 2022- 23 (July 1, 2022). The balances were evaluated based on "developer fees collected' separate from interest revenue. As of July 1, 2022, there was one project involving the use of Traffic Mitigation Contributions, which has developer fees that continued to be held for more than five years. There were also four impact fees that have developer fees that continued to be held for more than five years. In accordance with State Law, the City Council has previously adopted Resolution #140-22 on December 8, 2022 declaring the need to continue to maintain the funds. The projects using the impact fees as funding sources are included in the City of Dublin Five Year Capital Improvement Program 2022-2027. Based on expenditures during Fiscal Year 2022-23, as of June 30, 2023, there is one project that uses Traffic Mitigation Contributions which has developer fees that continued to be held for more than five years. Eastern Dublin Transportation Impact fee, Western Dublin Transportation Impact Fee, Dublin — Contra Costa Traffic Mitigation Fee, and Tri-Valley Transportation Development Fees also have developer funds collected and held for more than five years. Details related to the projects which have funds held for more than five years are identified below: 1. CENTRAL PARKWAY & PARK PLACE (FORMERLY SYBASE DRIVE) TRAFFIC SIGNAL Mitigation Source Central Parkway & Park Place Traffic Signal Unspent Developer Fees Remaining Project Costs Held More Than 5 Years (Estimate) $55,500 $1,500,000 Description of Proiect: This project will install a traffic signal at the existing intersection of Central Parkway and Park Place (formerly Sybase Drive). Mitigation fees were paid to partially fund the intersection improvements as a condition of approval of the Sybase Corporate Headquarters Facility, Planning Commission Resolution No. 00-23. The signal installation is required as a condition of approval of phase 2 of the Zeiss Innovation Center project. Source of Funding: Traffic Mitigation Contribution. Approximate Proiect Completion Date: The project will be completed based on Phase 2 of the Zeiss Innovation Project timeline. 5 93 SECTION 3 STATUS OF FUNDS 2. EASTERN DUBLIN TRANSPORTATION IMPACT FEE (EDTIF) Funding Source EDTIF Unspent Developer Fees Remaining Project Costs Held More Than 5 Years as Identified in CIP $8,412,279 $11,219,795 Description of Projects: This fee is collected for all the Eastern Dublin Transportation Impact Fee projects contained within the Eastern Dublin Transportation Impact Fee program. Of the projects that are contained within the program, five projects are currently in process, as part of the adopted City of Dublin Capital Improvement Program 2022-2027. Those projects are: Citywide Signal Communications Upgrade (CIP No. ST0713), Dublin Boulevard Extension — Fallon Road to North Canyons Parkway (CIP No. ST0216), Tassajara Road Improvements — North Dublin Ranch Drive to Quarry Lane School (CIP No. ST0119), Iron Horse Trail Bridge at Dublin Boulevard (CIP No. ST0118), and Tassajara Road Realignment and Widening — Fallon Road to North City Limit (CIP No. ST0116). There are fifteen other projects within the Eastern Dublin Transportation Impact Fee program, which will be completed outside the current 5-year CIP planning horizon. Approximate Project Completion Dates: The Citywide Signal Communications Upgrade (CIP No. ST0713) is a multi -year project, which includes an update to the City of Dublin Travel Demand Forecasting Model. In April 2021, the project resulted in the City Council adopting a resolution establishing the CEQA transportation thresholds of significance for Vehicle Miles Traveled (VMT). Final design of the Dublin Boulevard Extension project (CIP No. ST0216) is anticipated to be completed in 2024. Both Tassajara Road projects (CIP No. ST0116 and ST0119) began design in Fiscal Year 2019-2020, with Contra Costa County taking lead on the design for CIP No. ST0116. Construction of both projects is anticipated to begin in 2024. The Iron Horse Trail Bridge at Dublin Boulevard (CIP No. ST0118) is currently in construction and anticipated to be complete in 2024. 3. WESTERN DUBLIN TRANSPORTATION IMPACT FEE (WDTIF) Funding Source WDTIF Unspent Developer Fees Remaining Project Costs Held More Than 5 Years as Identified in CIP $1,214,861 $1,812,138 Description of Projects: This fee is collected for all the projects contained within the Western Dublin Transportation Impact Fee (WDTIF) program, which was updated in September 2016. Of the projects that are contained within the program, three projects are currently in process, as part of the adopted City of Dublin Five Year Capital Improvement Program 2022-2027. The projects are: Golden Gate Drive Intersection Improvements — Dublin Blvd and St. Patrick Wy (CIP No. ST0423); Amador Plaza Road Bicycle and Pedestrian Improvements (CIP No. ST0815), which will widen the roadway for a new right -turn lane from southbound Amador Plaza Road to Dublin Boulevard; Citywide Signal Communications Upgrade (CIP No. ST0713), which will update the existing City of Dublin Travel Demand Forecasting Model to provide traffic flow projections on the arterial and collector roadways as well as analyze future land use development proposals and transportation network changes in the City. Approximate Proiect Completion Dates: The design phase for the Golden Gate Drive Intersection Improvements — Dublin Blvd and St. Patrick Wy (CIP No. ST0423) in 2023. The 6 94 SECTION 3 STATUS OF FUNDS Amador Plaza Road Bicycle and Pedestrian Improvements project (CIP No. ST0815) is in final design. Pending the necessary right-of-way acquisition from one property owner, the project construction is anticipated to begin in 2024. The Citywide Signal Communications Upgrade (CIP No. ST0713) is a multi -year project, which includes an update to the City of Dublin Travel Demand Forecasting Model, that resulted in the City Council adopting a resolution establishing the CEQA transportation thresholds of significance for VMT in April 2021 and currently the update is being used to analyze the proposed development in the downtown area of the City. 4. DUBLIN — CONTRA COSTA TRAFFIC IMPACT MITIGATION FEES Funding Source Dublin — Contra Costa Traffic Mitigation Fee Unspent Developer Fees Remaining Project Costs Held More Than 5 Years as Identified in CIP $4,042,083 $5,464,338 Description of Proiects: This fee is imposed by Contra Costa County for the Dougherty Valley project to pay for the project proportionate net impact on roads in the City of Dublin. The fee was established through a Joint Exercise of Powers Agreement for Contra Costa County to collect and remit the fee to the City of Dublin. The funds have been used by the City to construct improvements to which Dougherty Valley development contributes a need. There are two projects utilizing the funds in the adopted City of Dublin Five Year Capital Improvement Program 2022- 2027. One project is Tassajara Road Improvements — North Dublin Ranch Drive to Quarry Lane School (CIP No. ST0119). The other project is Tassajara Road Realignment and Widening - Fallon Road to North City Limit (CIP No. ST0116). Both projects will complete street improvements to Tassajara Road. Approximate Proiect Completion Dates: Both Tassajara Road projects (CIP No. ST0116 and ST0119) began design in Fiscal Year 2019-2020, with Contra Costa County taking lead on the design for CIP No. ST0116. Construction of both projects is anticipated to begin in 2024. 5. TRI-VALLEY TRANSPORTATION DEVELOPMENT FEES (TVTD) Funding Source TVTD Unspent Developer Fees Held More Than 5 Years $3,094,968 Remaining Project Costs as Identified in CIP $5,085,407 Description of Proiects: This fee is collected for all projects contained within the Tri-Valley Transportation Development Fee (TVTD) program, which was established through a Joint Exercise of Powers Agreement entered on April 22, 1998, between the City of Dublin, City of Livermore, City of Pleasanton, City of San Ramon, Town of Danville, County of Alameda, and County of Contra Costa. There are four TVTD projects in the adopted City of Dublin Five Year Capital Improvement Program 2022-2027. One TVTD project is Tassajara Road Realignment and Widening — Fallon Road to North City Limit (CIP No. ST0116). The second TVTD project is Tassajara Road Improvements — North Dublin Ranch Drive to Quarry Lane School (CIP No. ST0119). Both projects will complete street improvements to Tassajara Road. The third TVTD project is Iron Horse Trail Bridge at Dublin Boulevard (CIP No. ST0118), which will provide a grade separated trail crossing for pedestrians and bicycles. The fourth TVTD project is Dublin Boulevard Extension — Fallon Road to North Canyons Parkway (CIP No. ST0216), which will extend Dublin 7 95 SECTION 3 STATUS OF FUNDS Boulevard to the Dublin city limits, through unincorporated Alameda County, and connect to North Canyons Parkway in the City of Livermore. Approximate Proiect Completion Dates: Both Tassajara Road projects (CIP No. ST0116 and ST0119) began design in Fiscal Year 2019-2020, with Contra Costa County taking lead on the design for CIP No. ST0116. Construction of both Tassajara Road projects is anticipated to begin in 2024 The Iron Horse Trail Bridge at Dublin Boulevard project (CIP No. ST0118), is in construction and anticipated to be completed in 2024. Final design of the Dublin Boulevard Extension project (CIP No. ST0216) is anticipated to be completed in 2024. C. REFUNDS No refunds were made during Fiscal Year 2022-23. D. RETIREMENT OF IMPACT FEE OBLIGATIONS During Fiscal Year 2022-23, $200,000 was made to retire Fire Impact Fee obligations and $3,059 was paid to retire Eastern Dublin Transportation Impact Fee obligations. 8 96 SECTION 4 CITY OF DUBLIN CAPITAL IMPACT FEE REPORT FEES BY MAJOR CATEGORY (Activity July 1, 2022 - June 30, 2023) FIRE TRAFFIC IMPACT PUBLIC FACILITY FEES FACILITY FEES IMPACT FEES (ALL CATEGORIES) GRAND TOTAL Funds 4101-4111 Fund 4201 Funds 4301-4311 Detail In Schedule 5 Ending Available 6/30/2022 $21,315,680.39 $257,707.20 Fees Collected: 7/1/2022-6/30/2023 1,212,005.44 75,292.80 Interest 7/1/2022 - 6/30/2023 721,701.82 1,609.32 Less 2022-23 Expenditures Project Expenditures (7,369,013.78) (200,000.00) Refund Fee Paid Retirement of Impact Fee Obligations Refunds Per CGC 66001(e)/(f) Pass Through Funds (See Schedule 5) Ending Balance 6/30/2023 $15,880,373.87 $134,609.32 $29,181,770.37 1,641,966.67 580,262.92 $50,755,157.96 2,929,264.91 1,303,574.06 (1,791,264.77) (9,360,278.55) (82,361.87) (82,361.87) $29,530,373.32 $45,545,356.51 9 97 Ending Available 6/30/2022 Fees Collected: 7/1/2022-6/30/2023 Interest 7/1/2022- 6/30/2023 (Less: 2022-23 Expenditures) Traffic Improvements Retirement of Impact Fee Obligations Refund Fee Paid Refunds Per CGC 66001(e)/(f) Ending Balance 6/30/2023 Ending Available 6/30/2022 Fees Collected: 7/1/2022-6/30/2023 Interest 7/1/2022- 6/30/2023 (Less: 2022-23 Expenditures) Traffic Improvements Refunds Per CGC 66001(e)/(f) Ending Balance 6/30/2023 Ending Available 6/30/2022 Fees Collected: 7/1/2022-6/30/2023 Interest 7/1/2022- 6/30/2023 (Less: 2022-23 Expenditures) Traffic Improvements Retirement of Impact Fee Obliaations Refund Fee Paid Refunds Per CGC 66001(e)/(f) BART Garage Reimbursements -ACSPA Freeway Interchange Reimbursements - City of Pleasanton Ending Balance 6/30/2023 SECTION 5 CITY OF DUBLIN CAPITAL IMPACT FEE REPORT BREAKDOWN OF TRAFFIC IMPACT FEE FUNDS (Activity July 1, 2022 - June 30, 2023) LOCAL TRAFFIC IMPACT FEES EASTERN DUBLIN EASTERN DUBLIN TRANSPORTATION TRANSPORTATION IMPACT FEE IMPACT FEE Fund #4301 I I Fund # 4302 Fund # 4310 $10,820,061.71 220,433.40 (332,940.56) $10,707,554.55 $2,974,331.22 59,843.98 (777,066.25) $2,257,108.95 29,379.35 251.12 $29,630.47 WESTERN DUBLIN DUBLIN CROSSING TRANSPORTATION TRANSPORTATION IMPACT FEE FEE Fund # 4304 Fund #4311 $2,373,920.08 45,726.51 (171,722.43) $2,247,924.16 $492,749.77 1,235,462.00 $1,728,211.77 SUB -TOTAL "A" TRAFFIC IMPACT FEES $16,661,062.78 1,264,841.35 326,255.01 (1,281,729.24) $16,970,429.90 REGIONAL/MITIGATION TRAFFIC IMPACT FEES Regional Traffic Impact Fees Category 3 Fund # 4303 $416,225.58 8,282.15 (83,456.53) $341,051.20 PASS -THROUGH FREEWAY INTERCHANGE & BART GARAGE $82,361.87 (248.36) (82,113.51) DUBLIN - CONTRA COSTA COUNTY MITIGATION Fund # 4305 $5,700,500.11 117,294.82 $5,817,794.93 GRAND TOTAL TRAFFIC FEES (Pass -Through+ $29,181,770.37 1,641,966.67 580,262.92 (1,791,264.77) (248.36) (82,113.51) $29,530,373.32 TRI-VALLEY TRANSPORTATION DEVELOPMENT FEE Fund # 4306 * Note "Pass -Through" Balance excludes Year -End Interest accrual recorded as a liability. $5,955,348.35 294,763.45 122, 926.32 (426,079.00) $5,946,959.12 SPECIFIC PROJECT MITIGATION FEE (See 5A for SUB -TOTAL "B" Breakdown) OTHER FEES Fund # 4309 $448,633.55 5,504.62 $454,138.17 $12,520,707.59 294,763.45 254,007.91 (509,535.53) $12,559,943.42 10 98 SECTION 5A CITY OF DUBLIN CAPITAL IMPACT FEE REPORT DETAIL OF TRAFFIC MITIGATION CONTRIBUTIONS (From July 1, 2022 - June 30, 2023) 4309.31306 4309.31304 Dougherty / Scarlett Park Place Intersection Traffic Signal CIP PROJECT # ST0117 Not Yet Assigned Ending Available 6/30/2022 $46,301.94 $65,387.55 Fees Collected: 7/1/2022-6/30/2023 Interest 7/1/2022- 6/30/2023 580.40 700.57 (Less: 2022-23 Expenditures) Refunds Per CGC 66001(e)/(f) Ending Balance 6/30/2023 $46,882.34 $66,088.12 CIP PROJECT # Ending Available 6/30/2022 Fees Collected: 7/1/2022-6/30/2023 Interest 7/1/2022- 6/30/2023 (Less: 2022-23 Expenditures) Refunds Per CGC 66001(e)/(f) Ending Balance 6/30/2023 4309.31305 4309.31307 Dougherty / Amador Valley Dublin Blvd / Hacienda Intersection Intersection Not Yet Assigned Not Yet Assigned $308,031.96 3,861.22 $311,893.18 GRAND TOTAL $28,912.82 $448,634.27 362.43 5,504.62 $29,275.25 $454,138.89 11 99 SECTION 6 CITY OF DUBLIN IMPACT FEE REPORT SCHEDULE OF FUNDING FOR PUBLIC IMPROVEMENTS & PERCENTAGE DEVELOPER FEES FEES BY MAJOR CATEGORY (Activity July 1, 2022 - June 30, 2023) CIP # Project Name PUBLIC FACILITY FEES Fiscal Year 2022-23 Expenditures Fiscal Year 2022-23 Total Project % From (Developer Fee Expenditures Expenditures Developer Funds) (Other Funds) (Fiscal Year) Fees gi0120 Cultural Arts Center $3,419,306.41 $3,419,306.41 100% gi0521 Library Tenant Improvements 333.36 333.36 100% pk0115 Don Biddle Community Park 2,286,702.96 2,286,702.96 100% pk0105 Emerald Glen Park Rec. & Aquatic Complex $3,056.17 $3,056.17 100% pk0119 Fallon Sports Park - Phase 3 1,264,855.37 1,264,855.37 100% pk0322 Jordan Ranch Neighborhood Square 207,406.19 207,406.19 100% pk0421 Wallis Ranch Community Park 175,103.32 175,103.32 100% Ops Program Public Facility Fee Update 12,250.00 12,250.00 N/A TOTAL PUBLIC FACILITY FEE PROJECTS $7,369,013.78 $7,369,013.78 100% FIRE FACILITY FEE Fire Impact Fee Right to Reimbursement $200,000.00 $200,000.00 100% TOTAL FIRE FACILITY FEE EXPENDITURE $200,000.00 $200,000.00 100% TRAFFIC IMPACT FEES (Excludes "Pass -Through" Payments - BART GARAGE & INTERCHANGE FEES) Ops Prograr EDTIF 2 Reimbursement (Fund 4302) $3,059.25 $3,059.25 Dept. Operating Budget Total $3,059.25 st0713 Citywide Signal Comm. Upgrade EDTIF (Fund 4301) WDTIF (Fund 4304) st0713 Total st0216 Dublin Blvd Extension EDTIF (Fund 4301) EDTIF 2 (Fund 4302) st0216 Total st0116 Tassajara Road Realignment and Design EDTIF3 (Fund 4303) st0116 Total st0118 Iron Horse Trail Bridge EDTIF (Fund 4301) st0118 Total st0119 Tassajara Rd Impvts - N Dublin to Quarry Ln School TVTD (Fund 4306) st0119 Total $3,059.25 100% $1,752.44 $1,752.44 171, 722.43 171,722.43 $173,474.87 $173,474.87 100% $131,188.12 $131,188.12 774,007.00 774,007.00 $905,195.12 $905,195.12 100% $83,456.53 $83,456.53 $83,456.53 $83,456.53 100% $200,000.00 5,982,007.08 $6,182,007.08 $200,000.00 $5,982,007.08 $6,182,007.08 3% $426,079.00 $426,079.00 $426,079.00 $426,079.00 100% TOTAL TRAFFIC IMPACT FEE PROJECTS $1,791,264.77 $5,982,007.08 $7,773,271.85 23% 12 100