FY 2014-15 DIF Funds Annual Report AB 1600City of La Quinta
CITY COUNCIL MEETING: December 15, 2015
STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE FISCAL YEAR 2014/15 DEVELOPMENT PROJECT FEE
RECOMMENDATION
Receive and file the Fiscal Year 2014/15 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 receipt and
expenditure of DIF 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 (Attachment 1) and in all cases the City
has complied with the time limit for fees expenditure.
FISCAL IMPACT None.
BACKGROUND/ANALYSIS
The City has three developer project fees subject to State requirements: Infrastructure,
Quimby, and DIF. Annually, the City must report on the following:
Brief description of 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 cost funded with fees;
Approximate construction start date of the public improvement if the local agency
determines that sufficient funds have been collected to complete financing;
Description of each interfund transfer or loan made from the fund, including the
public improvement being funded.
CONSENT CALENDAR ITEM NO. 4
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The City must also report payments received pursuant to development agreements
entered into after January 1, 2004. A schedule of development agreement payments
received for 2014/15 is attached (Attachment 2).
ALTERNATIVES
As the report is required by the State, staff does not recommend an alternative.
Prepared by: Rita Conrad, Finance Director
Approved by: Frank J. Spevacek, City Manager
Attachments: 1. Development Project Fee Report
2. Development Agreement Report
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