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RESOLUTION NO 8050 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, Government Code Section 66006 requires local agencies that impose development impact fees upon development projects to deposit such fees in separate capital facilities accounts to avoid commingling of such fees with other 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 following 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 improvements funded with fees, F The identification of the commencement construction date for incomplete improvements for which sufficient funds have been collected, G A description of each mterfund transfer or loan, and the date of such loan, the repayment date, and the interest late, H The amount of refunds of fees, if any made pursuant to Government Code Section 66001, and WHEREAS, Government Code Section 66001 requires local agencies, for the fifth fiscal year following the first deposit of fees uito an account or fund, and every five years thereafter, to make certain findings with respect to that portion of the account or fund remammg unexpended, whether committed or uncommitted, 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 foi 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 Sectionl The City Council hereby approves the Annual Report of Development Impact Fees for the year ended June 30, 2019 Section 2. The City Council finds and determines that with respect to development impact fees remaining unexpended or uncommitted in their respective accounts, for five (5) or more years after deposit of the fee, as follows 1 I 1Resolutions\Res 8000 8099\8050 DIF Annual Report 12 17 2019 docx