HomeMy WebLinkAboutReso 2003-005
RESOLUTION NO. 2003-005
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHUIA VISTA MAKING FINDINGS THAT THE
UNEXPENDED FUNDS IN THE PARKLAND ACQUISITION
AND DEVELOPMENT (PAD) FEE FUND ARE STILL
NEEDED TO PROVIDE CONSTRUCTION OF FACIUTIES
FOR WIDCH THE FEES WERE COLLECTED
WHEREAS, state law requires local agencies assessing Development Impact Fees
("DIP") 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,9, 2002; 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 fmdings that the unexpended funds in the 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 were loaned to Eastlake Development
Company. This loan was repaid on November 11, 2002.
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
~
Robert Powell
Assistant City Manager
Approved as to form by
~~;(~
J M. Kaheny
~ Attorney
Resolution 2003-005
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 7th day of January, 2003, by the following vote:
AYES: Councilmembers:
NAYS: Councilmembers:
ABSENT: Councilmembers:
Davis, Rindone, Salas, and Padilla
None
McCann
ATTEST:
i
~l LI~~
Susan Bigelow, City C1er
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITYOFCHUIA VISTA
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2003-005 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 7th day of January, 2003.
Executed this 7th day of January, 2003.
~~~~Á ~
Susan Bigelow, City Clerk'