HomeMy WebLinkAboutReso 2004-410
RESOLUTION NO. 2004-410
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA 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 sewer capacity charges to make available specified financial data to the public each
fiscal year; and
WHEREAS the report on file with the City Clerk satisfies that requirement and provides
the public with information on Parkland Acquisition and Development (PAD) fees, Development
Impact Fees (DIF), and Trunk Sewer Capital Reserve Funds; and
WHEREAS, State Law requires 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, this report has been available in the City Clerk's Office for public review
since November 30, 2004; 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 Eastlake Development Impact Fee was approved by Council Resolution No. 12409
on March 18, 1986. The development impact fee was adopted to insure that adequate funds are
available for the construction of the necessary improvements due to the construction of the
Eastlake Development. The fees collected prior to Fiscal Year 1999 plus the interest earned
($819,942) is still needed for Park and Recreation facilities. Per Council approval and a request
from the Eastlake Development Co. for their cash flow needs, the funds were on loan to Eastlake
Development Company and repaid in November 2002. The loan repayment was deposited into
the Recreation Development Impact Fee (DIF) component to be used for the construction of the
Eastlake gymnasium project.
No other DIF or PAD funds contain monies that have been on deposit for five or more
years.
Resolution 2004-410
Page 2
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
G~
Ann Moore
City Attorney
ices Director
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Resolution 2004-410
Page 3
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 14th day of December, 2004, by the following vote:
AYES:
Councilrnembers:
Castaneda, Davis, McCann, Rindone and Padilla
NAYS:
Councilmembers:
None
ABSENT:
Councilmembers:
None
ATTEST:
SU~Bi~~;,~~~ð .~
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. 2004-410 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 14th day of Decernber, 2004.
Executed this 14th day of December, 2004.
-:.- ~ á...A..r, ~f~
Susan Bigelow, MMC, City Cler