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RESOLUTION NO 7699 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS APPROVING THE CITY'S ANNUAL DEVELOPMENT IMPACT FEE REPORT AND MAKING CERTAIN FINDINGS WITH RESPECT THERETO WHEREAS, Goveriunent Code Section 66006 iequires local agencies that impose development impact fees upon development projects to deposit such fees in separate capital facilities accounts to avoid coiruningliing of such fees with othei revenues and funds of the local agency, and to expend those fees only for the purposes collected, and WHEREAS, for each separate capital facility account or fund established, the local agency shall, within 180 days after the last day of each fiscal year, make available to the public the followmg information for the fiscal year A A brief description of the fee, B The amount of the fee, C The beginning and ending fund balance of the account, D The amount of the fees collected and the interest earned, E The identification of the improvements on which the fees were expended, including the percentage of the cost of the public linproveinents funded with fees, F The identification of the commencement construction date for incomplete i nprovements for which sufficient funds have been collected, G A description of each iinterfund transfer or loan, and the date of such loan, the repayment date, and the interest rate, H The amount of refunds of fees, if any inade pursuant to Governinent Code Section 66001, and WHEREAS, Government Code Section 66001 requires local agencies, for the fifth fiscal year following the first deposit of fees into an account or fund, and every five years thereafter, to make certain findings with respect to that portion of the account or fund iemaining unexpended, whether coininitted or uncoininitted, and WHEREAS, the annual report reflecting the balance in each capital improvement fee account, the fee, interest, income, and the amount of expenditure upon public improvements, and the amount of refunds made for the fiscal year, if any, has been available for public review as required by law, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDLANDS AS FOLLOWS Section]. The City Council hereby approves the Annual Report of Development Impact Fees for the year ended .lune 30, 2016 Section 2 The City Council finds and determines that with respect to development impact fees iemamzng unexpended or uncommitted in their respective accounts, for five (5) or more years after deposit of the fee, as follows 1 IcclerklResoludons\Res 7600-769917699 Development Impact Fees 1 3 2017 docx 1