Report to Mayor and City Council
Tuesday, January 09, 2024
Consent
SUBJECT:
Title
CONSIDER THE INTERIM DEVELOPMENT IMPACT FEE ANNUAL AND FIVE-YEAR REPORT FOR FISCAL YEAR 2022-2023, PURSUANT TO GOVERNMENT CODE SECTION 66006 (CITY COUNCIL)
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I. SUMMARY
State Law (Government Code ?66006) requires any local agency that imposes development impact fees to prepare an annual and five-year report providing specific information about those fees. The City's Interim Development Impact Fee Program ("IDIF Program") adopted in April 2019 also incorporates the same reporting requirements under Chapter 6 of Article XI of the Carson Municipal Code (under Ordinance No. 19-1931). In accordance with these reporting requirements, the Interim Development Impact Fee Annual and Five-Year Report for Fiscal Year 2022-2023 ("Annual and Five-Year Report") is prepared for City Council review.
In summary, the City collected $5,4490,895 in IDIF revenue for Fiscal Year 2022-2023 and has a fund balance of $12,187,824 as of June 30, 2023, when including all revenues collected and expenditures made since IDIF Program inception. Details of the IDIF fund are described in Table 1 and 2 of the staff report. Additional details can be found under attached Annual and Five-Year Report (Exhibit No. 1).
II. RECOMMENDATION
Recommendation
TAKE the following action:
1. RECEIVE and FILE.
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III. ALTERNATIVES
TAKE another action the City Council deems appropriate.
IV. BACKGROUND
Development impact fees are charged by local governmental agencies in connection with approval of development projects. The purpose of these fees is to collect a proportional share of funds from new development projects to mitigate impacts on infrastructure improvements or other public facilities. The legal requirements for enactment of an impact fee program are set forth in Government Code ?? 66000 - 66025 (the "Mitigation Fee Act").
The Annual and Five-Year Report provides revenue and expenditure information ...
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