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C Fixed asset recovery expenses, consisting of depreciation of fixed assets and additional fixed asset expense recovery charges calculated on the current estimated cost of replacement, divided by the approximate life expectancy of the fixed asset A further additional charge to snake up the depreciation not previously recovered and reserved in cash also shall be calculated and considered a cost so as to recover such unrecovered depreciation over the remaining life of the asset D General overhead, expressed as a percentage, distributing and charging the expenses of the City Council, City Manager, Finance Department, City Clerk, City Treasurer, City Attorney, Human Resources Department and all other staff and support service provided to the cntire City organization E Departmental overhead, expressed as a percentage, distributing and charging the cost of each department director and his or her supporting expenses as enumerated in the above subsections of this section F Debt service costs, consisting of repayment of principal, payment of interest, and trustee fees and adinuiistrative expenses for all applicable bonds, certificates of participation, securities issues or loans Any required coverage factors of added reserves beyond basic debt service costs shall also be considered a cost if required by covenant within any securities, ordinance, resolution, indenture or general law applicable to the City Section 5 Public Hearing Pursuant to California Government Code sections 66016 and 66018, or other applicable statutory requirements, the City Clerk has caused public notice to be provided as set out in Governinent Code sections 66016, 66018 and 6062x, and the City Council has received at a regularly scheduled meeting oral and written testimony from staff and members of the public concerning the new and increased fees proposed to be established by this Resolution The notice, oral and written presentations and public meeting were provided prior to the City Council taking any action on the new and increased fees established by this Resolution Section 6 Public Data At least ten(10)days prior to the required public hearing described herein, the City Clerk made available to the public data indicating the cost or estnnated cost required to support the fees for which the charges are proposed to be made The data demonstrates that the new and increased fees established by this Resolution are not taxes,that the amount of the fees are necessary to cover the reasonable costs of the City for the Services foi which they are imposed, and the manrier in which the costs are allocated to a payor bear a fair and reasonable relationship to the payor's burden on, or benefit received from, the City's governmental activities Section 7 Public Notice Notice of the time and place of the public hearing, including a general explanation of the smatter to be considered, has been mailed by the City Clerk at least fourteen (14) days prior to the public hearing to all interested parties who have filed written requests with the City for emailed notice of meetings relating to new or increased fees Section 8 Actual Costs/Deposits The actual cost for a regulation, product, service or project is detennined by the affected City Department Directors Initial deposits are determined -2- 1%cclerk\Resolutions\Res 7600 7699/7671 Fee Reso 12 20 16 docx