HomeMy WebLinkAboutReso 2002-008 RESOLUTION NO. 2002-008
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA MAKING FINDINGS THAT THE
UNEXPENDED FUNDS IN THE PARKLAND ACQUISITION
AND DEVELOPMENT FEE FUND ARE STILL NEEDED TO
PROVIDE CONSTRUCTION OF FACILITIES FOR WHICH
THE FEES WERE COLLECTED
WHEREAS, state law requires local agencies assessing Development Impact Fees
("DIF") and capacity charges to make available specified financial data to the public each fiscal
year; and
WHEREAS, these reports have been available in the City Clerk's Office for public
review since December 21,2001; and
WHEREAS, it also required that the local agency review this information at a public
meeting; and
WHEREAS, local agencies are also required to make available to the public, within 180
days after the last day of each fiscal year, information about capacity charges; and
WHEREAS, Government Code Section 66001(d) requires the local agency to make
findings every five years with respect to any portion of the DIF fees remaining unexpended to
identify the purpose for which it was charged.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista
does hereby make findings that the unexpended funds in the Parkland Acquisition and
Development (PAD) Fee Fund are still needed to provide construction of facilities for which the
fees were collected for the following projects:
EastLake Park Development Impact Fee
The fees collected prior to Fiscal Year 1993, plus the interest earned is still needed for
park facilities. Per Council approval and a request from the EastLake Development Company
for their cash flow needs, the funds are on loan to EastLake Development Company to be repaid
on demand.
No other DIF or PAD funds contain monies that have been on deposit for five or more
years.
BE IT FURTHER RESOLVED that the staff report and all exhibits are hereby
incorporated into the record of these proceedings.
Presented by Approved as to form by
Robert Powell .~o~ M. Kaheny c~
Assistant City Manager City Attorney
Resolution 2002-008
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 15th day of January, 2002, by the following vote:
AYES: Councilmembers: Davis, Padilla, Rindone, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
Shirley Ho~6n, Mayor -
ATTEST:
Susan Bigelow, City Clerl~
STATE OF CALIFORNIA ) -
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2002-008 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 15th day of January, 2002.
Executed this 15th day of January, 2002.
Susan Bigelow, City Clerk'"