FY 2023-24 DIF Funds Annual Report AB 1600City of La Quints CONSENT CALENDAR ITEM NO. 18
CITY COUNCIL MEETING: December 17, 2024
STAFF REPORT
AGENDA TIT[ : RECEIVE AND FILE FISCAL YEAR 2023/24 DEVELOPMENT
PROJECT FEE REPORT
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Receive and file the fiscal year 2023/24 Development Project Fee Report.
EXECUTIVE SUMMARY
• Development Impact Fees (DIF) are imposed on new construction to help offset
impacts created by new development on City facilities and infrastructure.
• The State Mitigation Fee Act requires the City to annually report on the receipts and
expenditures of DIF Funds for the last five years within 180 days of the close of the
fiscal year.
• The City must use, or pledge to use, the developer fees on City facilities and
infrastructure within five years of receipt; or present findings if that was not the case.
• Staff has completed the required analysis (Attachments 1 and 2) and in all cases the
City has complied with the time limit to expend or commit fees for future projects.
FISCAL IMPACT — None.
BACKGROUND/ANALYSIS
The City has three development project category fees subject to State requirements:
Infrastructure, Quimby, and DIF. Annually, the City reports on the following:
• Brief description on the type of fee in the account or fund;
• Amount of the fee;
• Beginning and ending balance of the account or fund;
• Amount of fees collected and interest earned;
• Each public improvement on which fees were expended, the amount of
expenditures, and total percentage of the project completed and costs funded with
the fee;
• Description of each interfund transfer, loan, and the public improvement funded.
215
The City must also report payments received pursuant to development agreements
entered into after January 1, 2004. A schedule of development agreement payments
received, and expenditures are noted in Attachment 2.
All projects were reported in the prior fiscal year. Unspent balances will be evaluated for
appropriation during the fiscal year (FY) 2025/26 budget cycle.
Civic Center DIF Fund 252 $ 1,615,686
Community Center DIF (Fund 254) $ 482,561
Street Maintenance DIF Fund 255 $ 84,231
Park Maintenance DIF (Fund 256) $ 7,933
Fire Protection DIF Fund 257 $ 639,289
Maintenance Facilities DIF (Fund 259) $ 362,526
Each year these reports are also provided to the Desert Valley Builders Association
(DVBA), the Building Industry Association (BIA), and the Gas Company. To date, no
correspondence has been received regarding these reports.
ALTERNATIVES
This report is required by State, staff does not recommend an alternative.
Prepared by: Virginia Ortega, Finance Manager
Approved by: Claudia Martinez, Finance Director
Jon McMillen, City Manager
Attachments: 1. FY 2023/24 Development Project Fee Report
2. FY 2023/24 Developer Agreement Activity Report
216
ATTACHMENT 1
2024 AB1600 Report
La Quinta Development Project Fee Report
Quimby Fees (Fund 220)
Government Code 66000 Calculation
FYE 6/30/2024
The City's Quimby Special Revenue Fund is used to account for the accumulation of developer fees received under the
provisions of the Quimby Act for park development and improvements.
Account Description
Beginning
Fund Balance
FY 23/24
Ending
Fund Balance
Developer Fees
Interest Income
Contributions from Property Owners
Transfers In
Total Revenue Sources
0
Expenditures & Other Uses
Transfers out
(735,460)
Total Uses
(735,460)
Total Available
1 $ (735,460)1
$ 735,460
1 $ El
Five Year Test
Using First In First Out Method
Fiscal Years Ending
Beginning Fund
Revenues
Expenditures
Committed
Unspent
Balance
Collected
Revenues Collected from 2020
3,429,137
69,689
1,933,252
2,781,625
(1,216,051)
Revenues Collected from 2021
1,565,574
35,415
1,600,989
1,180,635
(1,180,635)
Revenues Collected from 2022
-
-
713,669
466,967
(1,180,635)
Revenues Collected from 2023
(713,669)
21,791
445,176
(1,180,636)
Revenues Collected from 2024
735,460
735,460
445,176
445,176
Total Revenue For Last Five Years 1 1 $ 105,104 1 $ 3,534,241 1 1
Result : Five Year Spent Test Met in accordance with Government Code 66001
FY 23/24
Committed
% Complete*
% funded with
Capital Improvement Facilities
fee
151609 North La Quinta Regional Skate and BMX
-
182,491
103%
73%
Park
201903 Skate Park Conversion
-
262,685
0%
100%
Total
$ -
$ 445,176
Percentage completed as of 6/30/2024
217
2024 AB1600 Report
La Quinta Development Project Fee Report
Infrastructure Fee (Fund 225)
Government Code 66000 Calculation
FYE 6/30/2024
The Infrastructure fee fund is used to account for the accumulation of resources, provided through developer fees for the
acquisition, construction or improvement of the City's infrastructure as defined in Resolution 2013-006.
Account Description
Beginning
Fund Balance
FY 23/24
Ending
Fund Balance
Developer Fees "
Interest Income
Reimbursements
952
-
Total Revenue Sources
$ 952
Expenditures & Other Uses
Capital Projects
Project Administration/Internal Engineering
-
Total Uses
Total Available
$ 19,242
$ 952
$ 20,194
Five Year Test
Using First In First Out Method
Fiscal Years Ending
Beginning Fund
Revenues
Expenditures
Committed
Unspent
Balance
Collected
Revenues Collected from 2020
20,104
715
1,410
22,618
(3,210)
Revenues Collected from 2021
19,408
(10)
-
22,618
(3,220)
Revenues Collected from 2022
19,398
(450)
22,618
(3,670)
Revenues Collected from 2023
18,948
294
22,618
(3,376)
Revenues Collected from 2024
19,242
952
-
22,618
2,424
Total Revenue For Last Five Years
1 $ 1,501
$ 1,410
Result: Five Year Spent Test Met in accordance with Government Code 66001
FY 23/24
Committed
% Complete"
% funded with
Capital Improvement Facilities
fee
151603 La Quinta Village Complete Streets - Road
22,618
95%
0.18%
Diet
Total
-
$ 22,618
* Percentage completed as of 6/30/2024
*" The Infrastructure Fee is being phased out and not subject to collection of future revenue from developments.
218
2024 AB1600 Report
La Quinta Development Project Fee Report
Transportation DIF (Fund 250)
Government Code 66000 Calculation
FYE 6/30/2024
The Transportation Impact Fee developer fee fund is used to account for the accumulation of resources, provided through
developer fees for street system improvements needed to handle traffic that will be generated by future development. The fee is
based upon the table below and varies from project to project.
Activity
Unit of Measure
Transportation
Residential - Single Family Detached
Unit
$ 4,009
Residential - Single Family Attached
Unit
$ 3,076
Residential - Multi Family and Other
Unit
$ 2,281
Office/Medical
Unit
$ 6,542
General Commercial
1,000 sq ft
$ 8,057
Tourist Commercial/Lodging
1,000 sq ft
$ 1,859
Golf Course
Acre
$ 930
Account Description
Beginning
Fund Balance
FY 23/24
Ending
Fund Balance
Developer Fees
Interest Income
Miscellaneous
Transfers In
495,552
266,580
-
-
Total Revenue Sources
762,133
Expenditures & Other Uses
Transfers out Capital Projects
400,000
12,267
Total Uses
412,267
Total Available
$ 5,518,142
$ 349,866
$ 5,868,008
Five Year Test
Using First In First Out Method
Fiscal Years Ending
Beginning Fund
Balance
Revenues
Collected
Expenditures
Committed
Unspent
Revenues Collected from 2020
2,462,724
801,997
943,219
4,897,398
(2,575,896)
Revenues Collected from 2021
2,321,502
688,043
745,418
4,356,480
(2,092,353)
Revenues Collected from 2022
2,266,489
2,636,980
400,000
3,956,480
546,989
Revenues Collected from 2023
4,503,469
1,810,531
795,857
3,519,775
1,998,367
Revenues Collected from 2024
5,518,142
762,133
412,267
5,237,567
630,441
Total Revenue For Last Five Years
1 $ 6,699,683
$ 3,296,761
Result: Five Year Spent Test Met in accordance with Government Code 66001
Capital Improvement Facilities
FY 23/24
Committed
% Complete"
% funded with
fee
111205 Dune Palms Bridge Improvement
56,799
65%
1%
201702 Developer Reimbursements
2,800,000
117%
100%
201709 Avenue 53 Jefferson Street Roundabout
-
-
96%
13%
201902 Avenue 50 Bridge Spanning Evacuation
9,724
955,777
0.42%
6%
202205 Avenue 50 Widening Improvements
175
677,534
6.26%
19%
202302 Avenue 52 Monroe Street (Traffic Signal)
2,543
147,458
1.70%
100%
202410 Avenue 52/Jefferson Roundabout Safety
-
600,000
0.00%
0%
Total
$ 12,442
$ 5,237,567
Percentage completed as of 6/30/2024
219
2024 AB1600 Report
La Quinta Development Project Fee Report
Parks & Rec DIF (Fund 251)
Government Code 66000 Calculation
FYE 6/30/2024
The Parks & Recreation Impact Fee fund is used to account for the accumulation of resources, provided through developer
fees for parks required to serve future development. The fee is based upon the table below and varies from project to project.
Activity
Unit of Measure
Transportation
Residential - Single Family Detached
Unit
$ 2,106
Residential - Single Family Attached
Unit
$ 1,794
Residential - Multi Family and Other
Unit
$ 1,716
Account Description
Beginning
Fund Balance
FY 23/24
Ending
Fund Balance
Developer Fees
Interest Income
Miscellaneous
Transfers In
257,597
81,561
-
-
Total Revenue Sources
339,158
Expenditures & Other Uses
Transfers Out Capital Projects
-
277,670
Total Uses
277,670
Total Available
$ 1,609,209
$ 619488
$ 19670,697
Five Year Test
Using First In First Out Method
Fiscal Years Ending
Beginning Fund
Revenues
Expenditures
Committed
Unspent
Balance
Collected
Revenues Collected from 2020
1,262,773
472,951
1,441,697
959,713
(665,686)
Revenues Collected from 2021
294,027
322,133
962,469
2,844
(349,153)
Revenues Collected from 2022
(346,309)
1,020,577
-
-
674,268
Revenues Collected from 2023
674,268
963,656
28,715
474,129
1,135,080
Revenues Collected from 2024
1,609,209
339,158
277,670
651,794
1,018,903
Total Revenue For Last Five Years
$ 3,118,475
$ 2,710,551
Result : Five Year Spent Test Met in accordance with Government Code 66001
Capital Improvement Facilities
FY 23/24
Committed
% Complete*
% funded with
fee
201722 Fritz Burns Park Sidewalk & Parking Lot
-
2,844
97%
6%
202102 Fritz Burns Park Improvements
276,620
194,665
6%
8%
202306 La Quinta Parks Phase 1
1,050
648,950
0%
100%
Total
$ 1,050
$ 651,794
* Percentage completed as of 6/30/2024
220
2024 AB1600 Report
La Quinta Development Project Fee Report
Civic Center DIF (Fund 252)
Government Code 66000 Calculation
FYE 6/30/2024
The Civic Center Impact Fee fund was used to fund the expansion of the La Quinta Civic Center completed in 2008 to support
the City's needs through build out. The fee is based upon the table below and varies from project to project.
Activity
Unit of Measure
Transportation
Residential - Single Family Detached
Unit
$ 1,230
Residential -Single Family Attached
Unit
$ 1,115
Residential - Multi Family and Other
Unit
$ 628
Office/Medical
Unit
$ 522
General Commercial
1,000 sq ft
$ 522
Tourist Commercial/Lodging
1,000 sq ft
$ 698
Golf Course
Acre
$ 251
Account Description
Beginning
Fund Balance
FY 23/24
Ending
Fund Balance
Developer Fees
Interest Income
Miscellaneous
Transfers In
114,700
83,216
-
-
Total Revenue Sources
197,916
Expenditures & Other Uses
-
Total Uses
0
Total Available
$ 1,667,695
$ 197,916
$ 1,865,611
Five Year Test
Usino First In First Out Method
Fiscal Years Ending
Beginning Fund
Balance
Revenues
Collected
Expenditures
Committed
Unspent
Revenues Collected from 2020
79,740
222,942
1,411
301,271
Revenues Collected from 2021
301,271
197,349
-
498,620
Revenues Collected from 2022
498,620
627,911
-
1,126,531
Revenues Collected from 2023
1,126,531
541,239
75
249,925
1,417,770
Revenues Collected from 2024
1,667,695
197,916
249,925
1,615,686
Total Revenue For Last Five Years
1 $ 1.787,357
$ 1,486
Result: Five Year Spent Test Met in accordance with Government Code 66001
% funded with
FY 23/24
Committed
% Complete "
Capital Improvement Facilities
fee
202202 City Hall Capacity Improvements
$
249,925
0%
31 %
Total
$ -
$ 249,925
" Percentage completed as of 6/30/2024
Loan repayment interest rate was based on the average quartery investment yield of the City's investment portfolio.
During FY 2018/19, this loan was written -off.
Projects are being evaluated for the unspent balance of $1,615,686 and will be included in the FY 2025/26 budget.
221
2024 AB1600 Report
La Quinta Development Project Fee Report
Library DIF (Fund 253)
Government Code 66000 Calculation
FYE 6/30/2024
The Library Impact Fee fund is used for library facilities required to serve future development in La Quinta. The fee is based upon the
table below and varies from project to project.
Activity
Unit of Measure
Transportation
Residential - Single Family Detached
Unit
$ 397
Residential - Single Family Attached
Unit
$ 338
Residential - Multi Family and Other
Unit
$ 323
Account Description
Beginning
Fund Balance
FY 23/24
Ending
Fund Balance
Developer Fees
Interest Income
Miscellaneous
Transfers In
32,495
0
Total Revenue Sources
32,495
Expenditures & Other Uses
Advance Interest Expense
-
32,495
Total Uses
32,495
Total Available
$ 1,118,627
$ -
$ 1,118,627
Five Year Test
Using First In First Out Method
Fiscal Years Ending
Beginning Fund
Revenues
Balance
Collected
Expenditures
Committed
Unspent
Revenues Collected from 2020
(1,550,245)
75,336
30,278
1,505,187
(3,010,374)
Revenues Collected from 2021
(1,505,187)
61,508
15,133
1,458,789
(2,917,601)
Revenues Collected from 2022
(1,458,812)
196,648
11,112
1,273,276
(2,546,552)
Revenues Collected from 2023
(1,273,276)
180,153
25,504
1,118,627
(2,237,254)
Revenues Collected from 2024
1,118,627
32,495
32,495
1,118,627
2,237,254
$ 546,140
$ 114,522
Total Revenue For Last Five Years
Result : Five Year Spent Test Met in accordance with Government Code 66001
Capital Improvement Facilities
FY 23/24
Committed
% Complete `
% funded with fee
Successor Agency loan repayment (construction of
32,495
1,118,627
55%
100%
public library facility) *'
Total
$ 32,495
$ 1,118,627
" Percentage completed as of 6/30/2024
** Loan repayment interest rate is based on the average quarterly investment yield of the City's investment portfolio.
As of 6/30/2024 the outstanding loan balance was: Principal 1,118,627
Interest -
Total Due 1,118,627
222
2024 AB1600 Report
La Quinta Development Project Fee Report
Community Center DIF (Fund 254)
Government Code 66000 Calculation
FYE 6/30/2024
The Community Center Fee fund is used for community center facilities required to serve future development in La Quinta. The fee
is based upon the table below and varies from project to project.
Activity
Unit of Measure
Transportation
Residential - Single Family Detached
Unit
$ 956
Residential - Single Family Attached
Unit
$ 814
Residential - Multi Family and Other
Unit
$ 779
Account Description
Beginning
Fund Balance
FY 23/24
Ending
Fund Balance
Developer Fees
Interest Income
Miscellaneous
Transfers In
78,250
48,991
-
-
Total Revenue Sources
127,241
Expenditures & Other Uses
Transfers Out Capital Projects
-
Total Uses
-
Total Available
$ 980,319
$ 127,241
$ 1,107,561
Five Year Test
Using First In First Out Method
Fiscal Years Ending
Beginning Fund
Revenues
Expenditures
Committed
Unspent
Balance
Collected
Revenues Collected from 2020
158,891
35,272
1,410
101,639
91,114
Revenues Collected from 2021
192,753
143,272
101,639
125,000
109,387
Revenues Collected from 2022
234,387
339,454
-
125,000
448,842
Revenues Collected from 2023
573,841
406,479
125,000
855,319
Revenues Collected from 2024
980,319
127,241
-
625,000
482,561
Total Revenue For Last Five Years
$ 1,051,719
$ 1039049
Result : Five Year Spent Test Met in accordance with Government Code 66001
FY 23/24
Committed
% Complete
% funded with
Capital Improvement Facilities
fee
201901 Village Art Plaza Promenade & Cultural Campus
625,000
17%
19%
Total
$
$ 625,000
* Percentage completed as of 6/30/2024
Projects are being evaluated for the unspent balance of $482,561 and will be included in the FY 2025/26 budget.
223
2024 AB1600 Report
La Quinta Development Project Fee Report
Street Maintenance DIF (Fund 255)
Government Code 66000 Calculation
FYE 6/30/2024
The Street Maintenance Fee fund is used for street maintenance required to serve future development in La Quinta. The fee is
based upon the table below and varies from project to project.
Activity
Unit of Measure
Transportation
Residential - Single Family Detached
Unit
$ 313
Residential - Single Family Attached
Unit
$ 247
Residential - Multi Family and Other
Unit
$ 198
Office/Medical
Unit
$ 374
General Commercial
1000 sq ft
$ 461
Tourist Commercial/Lodging
1000 sq ft
$ 106
Golf Course
Acre
$ 53
Account Description
Beginning
Fund Balance
FY 23/24
Ending
Fund Balance
Developer Fees
Interest Income
Miscellaneous
Transfers In
-
3,970
-
-
Total Revenue Sources
3,970
Expenditures & Other Uses
-
Total Uses
I
1 0
Total Available
1 $ 80,260
1 $ 3,970
1 $ 84,231
Five Year Test
Usina First In First Out Method
Fiscal Years Ending
Beginning Fund
Revenues
Expenditures
Committed
Unspent
Balance
Collected
Revenues Collected from 2020
10,289
30,251
1,410
39,130
Revenues Collected from 2021
39,130
4,158
-
43,288
Revenues Collected from 2022
43,288
32,497
75,785
Revenues Collected from 2023
75,785
4,475
-
80,260
Revenues Collected from 2024
80,260
1 3,970
1 0
1
84,231
Total Revenue For Last Five Years
I $ 75,351
$ 1,410
Result: Five Year Spent Test Met in accordance with Government Code 66001
Capital Improvement Facilities
FY 23/24
Committed
% Complete'
% funded with
fee
Total
$ -
$
Percentage completed as of 6/30/2024
Loan repayment interest rate was based on the average quartery investment yield of the City's investment portfolio.
During FY 2018/19, this loan was written -off.
Projects are being evaluated for the unspent balance of $84,231 and will be included in the FY 2025/26 budget.
224
2024 AB1600 Report
La Quinta Development Project Fee Report
Park Maintenance DIF (Fund 256)
Government Code 66000 Calculation
FYE 6/30/2024
The Park Maintenance Fee fund is used for park maintenance required to serve future development in La Quinta. The fee is
based upon the table below and varies from project to project.
Activity
Unit of Measure
Transportation
Residential - Single Family Detached
Unit
$ 313
Residential - Single Family Attached
Unit
$ 247
Residential - Multi Family and Other
Unit
$ 198
Office/Medical
Unit
$ 374
General Commercial
1000 sq ft
$ 461
Tourist Commercial/Lodging
1000 sq ft
$ 106
Golf Course
Acre
$ 53
Account Description
Beginning
Fund Balance
FY 23/24
Ending
Fund Balance
Developer Fees
Interest Income
Miscellaneous
Transfers In
-
374
Total Revenue Sources
374
Expenditures & Other Uses
Transfers Out
-
-
Total Uses
0
Total Available
$ 7,559
$ 374
$ 7,933
Five Year Test
Using First In First Out Method
Fiscal Years Ending
Beginning Fund
Revenues
Expenditures
Committed
Unspent
Balance
Collected
Revenues Collected from 2020
(1,782)
8,915
1,410
-
5,723
Revenues Collected from 2021
5,723
272
-
-
5,995
Revenues Collected from 2022
5,995
(97)
-
5,898
Revenues Collected from 2023
5,898
1,661
-
7,559
Revenues Collected from 2024
7,559
374
-
-
7,933
Total Revenue For Last Five Years
$ 11,125
$ 1,410
Result: Five Year Spent Test Met in accordance with Government Code 66001
Capital Improvement Facilities
FY 23/24
Committed
% Complete *
% funded with
fee
Total
$ -
$ -
Percentage completed as of 6/30/2024
`* Loan repayment interest rate was based on the average quartery investment yield of the City's investment portfolio.
During FY 2018/19, this loan was written -off.
Projects are being evaluated for the unspent balance of $7,933 and will be included in the FY 2025/26 budget.
225
2024 AB1600 Report
La Quinta Development Project Fee Report
Fire Protection DIF (Fund 257)
Government Code 66000 Calculation
FYE 6/30/2024
The Fire Protection Facilities Fee fund is used for fire protection facilities required to serve future development in La Quinta. The
fee is based upon the table below and varies from project to project.
Activity
Unit of Measure
Transportation
Residential - Single Family Detached
Unit
$ 369
Residential - Single Family Attached
Unit
$ 335
Residential - Multi Family and Other
Unit
$ 188
Office/Hospital
Unit
$ 151
General Commercial
1000 sq ft
$ 151
Tourist Commercial
1000 sq ft
$ 201
Golf Course
Acre
$ 72
Account Description
Beginning
Fund Balance
FY 23/24
Ending
Fund Balance
Developer Fees
Interest Income
Miscellaneous
Transfers In
34,257
28,723
-
-
Total Revenue Sources
62,980
Expenditures & Other Uses
-
Total Uses
0
Total Available
$ 576,308
$ 62,980
$ 639,289
Five Year Test
Using First In First Out Method
Fiscal Years Ending
Beginning Fund
Revenues
Expenditures
Committed
Unspent
Balance
Collected
Revenues Collected from 2020
35,073
102,373
1,410
136,036
Revenues Collected from 2021
136,036
61,224
-
197,260
Revenues Collected from 2022
197,260
212,043
-
409,304
Revenues Collected from 2023
409,304
167,005
-
576,309
Revenues Collected from 2024
576,308
62,980
-
639,289
Total Revenue For Last Five Years
$ 605,626
$ 1,410
Result : Five Year Spent Test Met in accordance with Government Code 66001
Capital Improvement Facilities
FY 23/24
Committed
% Complete'
% funded with
fee
Total
$ -
$
" Percentage completed as of 6/30/2024
Loan repayment interest rate was based on the average quarterly investment yield of the City's investment portfolio.
During FY 2018/19, this loan was written -off.
Projects are being evaluated for the unspent balance of $639,289 and will be included in the FY 2025/26 budget.
226
2024 AB1600 Report
La Quinta Development Project Fee Report
Maintenance Facilities DIF (Fund 259)
Government Code 66000 Calculation
FYE 6/30/2024
The Maintenance Facilities Fee fund is used for corporate yard maintenance facilities and equipment needed to serve future
development in La Quinta. The fee is based upon the table below and varies from project to project.
Activity
Unit of Measure
Transportation
Residential - Single Family Detached
Unit
$ 313
Residential - Single Family Attached
Unit
$ 247
Residential - Multi Family and Other
Unit
$ 198
Office/Medical
Unit
$ 374
General Commercial
1000 sq ft
$ 461
Tourist Commercial/Lodging
1000 sq ft
$ 106
Golf Course
Acre
$ 53
Account Description
Beginning
Fund Balance
FY 23/24
Ending
Fund Balance
Developer Fees
Interest Income
Miscellaneous
Transfers In
35,224
15,620
-
-
Total Revenue Sources
50,843
Expenditures & Other Uses
-
Total Uses
Total Available
1 $ 311,683
1 $ 50,843
1 $ 362,526
Five Year Test
Using First In First Out Method
Fiscal Years Ending
Beginning Fund
Revenues
Expenditures
Committed
Unspent
Balance
Collected
Revenues Collected from 2021
-
47,015
47,015
Revenues Collected from 2022
47,015
133,080
180,095
Revenues Collected from 2023
180,095
131,588
-
311,683
Revenues Collected from 2024
$ 311,683
1 50,843
280,000
82,526
Total Revenue For Last Five Years
1 $ 362,526
$ -
Result: Five Year Spent Test Met in accordance with Government Code 66001
Capital Improvement Facilities
FY 23/24
Committed
% Complete *
% funded with
fee
201805 Maintenance and Operations Yard
280,000
2%
100%
Total
$ -
$ 280,000
" Percentage completed as of 6/30/2024
Projects are being evaluated for the unspent balance of $82,526 and will be included in the FY 2025/26 budget.
227
ATTACHMENT 2
2024 AB1600 Report
La Quinta Development Project Fee Report
Developer Agreement Activity (Fund 401)
FYE 6/30/2024
The following development agreement payment was received for development agreements entered into after January 1, 2004 in accordance with
Government Code Section 65865.
Date Project/Purpose
OMNI=
Traffic Signals: Madison Street on Avenue 58 & Avenue 60
Balance
Revenues
Expenses
Total
257,563.00
257,563.00
10/18/2010
Landscape Median: Monroe Avenue (Trilogy/Shea TM30023)
234,869.64
234,869.64
1/25/2016
Traffic Signal: Madison Street at Avenue 52 (Madison Club)
215,000.00
215,000.00
10/11/2016
Raised Median: Madison at Avenue 52 (TM33076-1)
59,642.00
59,642.00
6/14/2019
Turn Lane Extension: Highway 111 & Costco Drive
3,644.22
3,644.22
6/30/2020
Traffic Signal: Madison Street at Avenue 54 (CDA/Griffin Ranch)
107,500.00
107,500.00
6/30/2021
Turn Lane / Right Turn Only: Adams Street at Auto Centre
171,574.00
171,574.00
6/30/2023
Traffic Signal: Monroe at Avenue 52
20,755.35
20,755.35
11/30/2009
Account No. 401-0000-22811
Lions Gate project 1821 sidewalk and landscaping
16,798.30
$ 1,070,548.21
16,798.30
1/31/2011
Toll Brothers, Avenue 50 & Verano Drive, TM 30357, Mt. View Country
Club Traffic Signal Improvements
215,000.00
215,000.00
6/30/2015
Avenue 53 at Jefferson Street Roundabout
(580.85)
(580.85)
6/30/2015
Traffic Signal Avenue 50 & Orchard, Project 1757
99,075.26
99,075.26
2/24/2016
ACM LQ/Highway 111 & Simon Drive
2,788.50
2,788.50
2/24/2016
ACM LQ/Washington & Miles
8,460.00
8,460.00
6/30/2019
Dune Palms Road Widening Eminent Domain
19,882.32
19,882.32
6/30/2023
Cove Trails Parking Lot Improvements
49,580.00
(49,580.00)
-
Account No. 401-0000-22210
$ 361,423.53
228