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I7�.Y�711y 1187� fi [��:iiZ L+� 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 an approximate date by which the construction of the public improvement will commence if the local agency determines that sufficient funds have been collected to complete financing on an incomplete public improvement, and the public improvement remains incomplete. a. An identification of each public improvement identified in a previous report and whether construction began on the approximate date noted in the previous report. b. For a project identified for which construction did not commence by the approximate date provided in the previous report, the reason for the delay and a revised approximate date that the local agency will commence construction. G. A description of each interfund 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 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 into an account or fund, and every five years thereafter, to make certain findings with respect to that portion of the account or fllnd remaining 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 for the fiscal year, if any, has been available for public review as required by law; BResolufions\Res 8600-8699\8649 DIF_ Annual _Report_FY_2023-24.doex-jm