HomeMy WebLinkAboutReso 2003-501
RESOLUTION NO. 2003-501
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA ACCEPTING THE REPORT AND
APPROVING THE FINDING THAT THE UNEXPENDED
FUNDS IN THE PARK ACQUISITION AND DEVELOPMENT
FEE FUND ARE STILL NEEDED TO PROVIDE FOR
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 [mancial 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 1, 2003; and
WHEREAS, it is 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 Development Impact Fees (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 [mdings 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 93 plus the interest earned is still needed for park
facilities. Per Council approval and a request from the Eastlake Development Co. for
their cash flow needs, the funds are on loan to Eastlake Development Company. The
loan was repaid on November 11, 2002 and was transferred to the Recreation component
of Public Facilicilities Development Impact Fee (PFDIF).
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.
Resolution 2003-501
Page 2
Presented by
Approved as to form by
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Ann Moore
City Attorney
~/
:hI Clifford Swanson
Engineering Director
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 16th day of December, 2003, by the following vote:
AYES: Councilmembers:
NAYS: Councilmembers:
ABSENT: Councilmembers:
Davis, McCann, Rindone, and Padilla
None
Salas
ATTEST:
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Susan Bigelow, CMC, Cit lerk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITYOFCHULA VISTA
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2003-501 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 16th day of December, 2003.
Executed this 16th day of December, 2003.
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Susan Bigelow, CMC, City C k