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HomeMy WebLinkAboutAgenda Report - September 2, 2009 K-03AGENDA ITEM 3 CITY OF LODI COUNCIL COMMUNICATION AGENDA TITLE: Adopt Resolution Approving Impact Mitigation Fee ProgramAnnual Report for Fiscal Year 2008/09 MEETING DATE: September2,2009 PREPARED BY: Public Works Director RECOMMENDED ACTION: Adopt a resolution approving the Impact Mitigation Fee Program Annual Report for Fiscal Year 2008/09. BACKGROUND INFORMATION: The City's Development Impact Mitigation (IM) Fee program consists of eight separate fee categories/funds, plus the public art set-aside. They are Water, Wastewater, Streets, Storm, Police, Fire, Parks and Recreation and General City Facilities. The fees can only be used for new capital improvements/equipment needed to accommodate new growth. The fees were established in 1991 and updated last in 2006. In accordance with California State annual reporting requirements, staff has prepared the following exhibits: ExhibitA.—A summary of the current and past fees, beginning and ending balances for each fee account, total fees collected, interest earned, and total expenditures from each account for FY 2008/09. Exhibit B.—A summary by account of public improvement projects on which fees were expended during FY 2008/09. In general, revenues for the prior fiscal year fell under budget estimates. Shortfalls generally do not affect operations as all the funds are for capital improvements and associated costs (such as engineering). An exception is the Wastewater IM Fund that is obligated to pay approximately $1.8 million per year for White Slough Water Pollution Control Facility Improvements. As previously reported to the Council, future revenuesto the Wastewater IM Fund (entirely from redevelopment and new development) are expected to fall short of the debt service payments for the next four years by an accumulative amount of approximately $5.0 million. Wastewater rates are the source of funding being used to cover the shortfall. It is projected to take an additional five years beyond the next four before the rates are reimbursed from future development revenues. Revenue from some of the funds is being used to reimburse other funds for costs of past projects that were advanced ahead of the funds being available. These include a $1.225 million loan from the Water IM Fund to the Fire IM Fund for construction of Fire Station No. 4. This loan is not expected to be repaid for 20 years or longer. Additionally, the Parks IM Fund has loaned $278,000 to the Streets IM Fund that will be repaid this fiscal year. APPROVED: Blair Kin , Manager K:\WP\IMFees\CIMFAnnualReport_0809.doc 8/20/2009 Adopt ResolutionApproving Impact Mitigation Fee Program Annual Report for Fiscal Year 2008/09 September 2, 2009 Page 2 In the coming fiscal year, new projectsfunded by the IM program will be broughtforward in the storm drainage, parks, and water areas. With the exception Water Well No. 28, the improvements will be funded by the various IM fund balances. Water Well No. 28 is an important water project that will be recommendedfor funding via a loan from the Water Capital Fund but by a separate action of the Council. Per State law, this information needs to be available to the public at least 15 days prior to review by the City Council. This information has been posted on the City's website and media, such as the Lodi News Sentinel and the Stockton Record, have been notified as to where to obtain the report. FISCAL IMPACT: None. FUNDING AVAILABLE: None required. A11n1l., 1/3-A,041�- F. Wally ndelin Public Works Director Prepared by RebeccaAreida, Management Analyst FWS/RA/pmf Attachments RESOLUTION NO. 2009-124 A RESOLUTION OF THE LODI CITY COUNCIL APPROVING THE IMPACT MITIGATION FEE PROGRAMANNUAL REPORT FOR FISCALYEAR 2008-09 NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council hereby approves the Impact Mitigation Fee Program Annual Report for fiscal year 2008-09, as shown on Exhibits and B attached and made a part of this Resolution. Dated: September 2, 2009 ------------------------------------------------------------------- ------------------------------------------------------------------- I hereby certify that Resolution No. 2009-124 was passed and adopted by the City Council of the City of Lodi in a regular meeting held September 2, 2009, by the following vote: AYES: COUNCIL MEMBERS— Hitchcock, Katzakian, and Mayor Hansen NOES: COUNCIL MEMBERS— None ABSENT: COUNCIL MEMBERS—Johnson and Mounce ABSTAIN: COUNCIL MEMBERS— None C;D�IJ O City Clerk 2009-124 A B C D E I F G H I J K 1 EXHIBIT A 2 IMPACT MITIGATION FEE PROGRAM 3 FY 2008/09 Annual Report 4 5 6 1 Fee: Wastewater I Water Storm Drain Streets Regional Transp Police Fire Parks & Rec General Facilities Art in PP 7 Fund#: 173 182 326 332 338 1215 1216 1217 1 1218 1214 8 9 Fee Amount 7/1/08 12/31/0$1) 5,356 5,04 18,45 14,35 2,837 1,983 1,936 27,868 8,01 2% 10 Fee Amount 1/1/09 6/30/09 1 5,785 5,33 19 50 15 17 2,83 2,097 2,04 29,46 8,47C 2% 11 12 Fund Balance- Beginning of Year 9,031,689.51 1,258,481.9( 3,887,127.1 471 79614 589 494.85 261 521.3 (1,358,01B3) 3,079,605.58 311 391.95 420 274.93 13 14 Revenues: 15 investment Revenues 235,705.51 (6,619.8) 123,663.97 26,737.91 20,139.98 9,181.51 (3,381.5) 81,164.24 7,534.42 9,221.64 16 Impact Mitigation Fees 261,889.39 13,086.43 178,207.7C 33,984.36 102,812.15 5,735.32 4,970.34 50,268.98 9,526.31 6,137.17 17 Other Revenue 6,750.0 115,970.0 231.57 18 19 Total Revenue 497,594.90 13,216.62 417,841.67 60,953.84 122,952.13 14,916.83 1,588.78 131,433.22 17,060.53 15,358.81 20 21 22 Expenditures: 23 Capital Projects (372,757.9) (502,135.0) (310,895.6) (473,489.6) (46,522.9) 0.00 0.00 0.00 (389,196.7) (166,333.83 24 25 Total Expenditures (372,757.96) (502,135.03) (310,895.69) (473,489.69) (46,522.97) 0.00 0.00 0.00 (389,196.76) (166,333.83) 26 27 28 Other Sources (uses): 29 ODerating Transfers In 30 Operating Transfers Out 7 076 96D0 96.105.96 31 32 Total Other Sources (Uses) (7,076,961. 0.00 0.00 (96,105.96) 0.00 0.00 0.00 0.00 0.00 0.00 33 34 35 Total Fund Balance - Endof Year $2,079,565.47 769 563.49 $3,994,073.09 ($36,845.67) 665 924.01 $276,438.22 ($1.356.422.751 $3 211 038.80 ($60,744.28) $269,299.91 36 Change in Recelvables/Payables (2) (6,899.691 11,727.92 16,529.2 402.83 (2,209.,V.) (917.18) 435.47 (9,730.3.2) 51,481.71 (893.50 37 Interfund Loans (1,225,172.5) 278,385.0 1,225,172.5 (278,385.0 ) 38 Cash Balance- Endof Year 2,072,665.78 $ (443,881.16) 4,010,602.20 241,942.16 663,714.57 275,521.04 ( 130,814.71) 2,922,923.68 ( 9,262.57) 268,406.41 39 40 1 Fees listed Eire peracre for on ResidentialAcr Equivalent RA . Each land use resents a different demand for services that are reflected in RAE ad'ustmentfacto per LMC15.64 070. RTI Ffee Iistedisfor one residential single famil dwellinq unit eqL ivalent. —42 Wastewatereeslistedare perwellinqunite uvalent 45 2 Differencetweeninvestmensandaccounts/r tal nag as payablE. K:\WP\IMFees\IMFAnnualReport2008-09.xls 08/24/2009 Cell: 830 Comment: Transfer to Operations Fund 170 and White Slough Capital Fund 172for pastdebt service Cell: E30 Comment: Final COG loan paymentfor Hwy 12/99 project. Cell: C37 Comment: Loan to Fire IMFfor FireStation#4 project. Cell: E37 Comment: Loanfrom Parks& Rec IMFfor Lower Sacramento Rd project Cell: H37 Comment: Loanfrom Water IMFfor Fire Station#4 project. Cell:137 Comment: Loan to Regional Street IMFfor Lower Sacramento Rd project. K:\WP\IMFees\IMFAnnualReport2008-09.xis 08/24/2009 MWWI003 MSDl017 173010 GPS Conhd Grid 173050 Collection Master Plan 173356 MSC Fleet Services Shop 182004 Vintneh Square 182005 Surface Water Design 182010 GPS Control Grid 182013 Sacramento Street Water Main 182356 MSC Fleet Services Shop 182463 Well#27 182465 Well#28 326004 Vintner's Square 326010 GPS Control Grid 326017 G -Basin 332004 VlntnaPe Square 3320lo GPS Control Grid 332356 MSC -Fleet Services Shop 338501 RegionalTransportation Fees (SJ County. SJCOG) 1214005 Celebratethe Harvest 1214006 Sacramento Street Mural 1214007 Better Days 1214008 ProjectLodiArt 1214009 Japan town mural 1218003 LibraryPhase I Remodel 1218050 General Plan Total 372,757.86 502,135.03 310,895.69 473,489.69 121,683.24 267 513.52 46,522.97 0.00 0.00 0.00 389,196.76 166,333.83 EXIOBIT B IMPACT MITIGATION FEE PROGRAM SUMMARY OF PUBLIC IMPROVEMENT PROJECT EXPENDITURES FY 2008109 wastewater Water Storm Drain 5treets RTIF Police Fire Parks li Rec General Facilities Art in Public PI 182 326 332 338 1216 1 1218 1214 14,656.24 56,015.55 302,075.17 42,031.00 92.020.01 14,666.25 43,657.42 303,56253 3,031.94 3,165.88 221,835.90 14,666.25 74,393.54 158,978.60 14,666.26 299,844.83 45,522.97 38,250.00 46,000.00 $4,500,00 3,583.83 14,000.00 121,683.24 267 513.52 46,522.97 0.00 0.00 0.00 389,196.76 166,333.83