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Meeting Date:
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4/25/2022 - 7:00 PM
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Category:
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Business/Action Items
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Type:
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Action
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Subject:
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18.5 Resolution 21/22-38 Developer Impact Fee Adjustment
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LCAP (Local Control Accountability Plan) Goal:
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Enclosure
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File Attachment:
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Summary:
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By state law, school districts are authorized to assess developer
impact fees to offset the cost of providing facilities for students
resulting from new development. Previously, the maximum
allowable developer impact fee was $4.08 per square foot for
residential development and $0.66 per square foot for
commercial/industrial development. The maximum fee is allocated
two-thirds for the elementary districts and one-third for MVLA.
At its February 23, 2022 meeting, the SAB adopted an increase, effective January 1, 2022. The maximum allowable fee increased to
$4.79 per square foot for residential development and $0.78 for
commercial/industrial development, of which the MVLA share is
$1.60 for residential and $0.26 for commercial/industrial.
The 2020 MVLA impact fee justification study establishes that, based
on the expected cost of providing facilities for students resulting from
new development, the District is justified in charging fees up to
$1.60 per square foot for residential development and $0.26 per
square foot for commercial/industrial development.
Currently, MVLA developer impact fees are $1.36 for residential and
$0.22 for most commercial/industrial development. Revenue for the
2020-2021 fiscal year was $1,873,078.02. The revenue fees in
recent years have been used for debt service on certificates of
participation, the proceeds of which were used to construct
additional classrooms and classroom support space.
This resolution increases the residential fee to $1.60 per square foot.
The commercial/industrial fee will increase to $0.26 per square foot.
A Notice of Public Hearing was published in the Mountain View Voice
on March 25th through 31st and April 11th through 17th. This increase will become effective on June 27, 2022, sixty days after Board approval.
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Funding:
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The increase in revenue will assist the Capital Facilities Fund (25) to
meet its future expenditure obligations.
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Recommendation:
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Certify Resolution No. 21/22-38, Developer Impact Fee Adjustment, increasing the developer impact fee on residential development from $1.36 per square foot to $1.60 per square foot and the commercial development fee from $0.22 per square foot to $0.26 per square foot.
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Approvals:
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Recommended By:
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Signed By:
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Irene Aguilar - Administrative Assistant
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Signed By:
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Mike Mathiesen - Associate Superintendent
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Signed By:
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Nellie Meyer - Superintendent
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Vote Results:
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| Original Motion | | Member Sanjay Dave Moved, Member Fiona Walter seconded to approve the Original motion 'Certify Resolution No. 21/22-38, Developer Impact Fee Adjustment, increasing the developer impact fee on residential development from $1.36 per square foot to $1.60 per square foot and the commercial development fee from $0.22 per square foot to $0.26 per square foot.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Phil Faillace | Yes | | Sanjay Dave | Yes | | Debbie Torok | Yes | | Catherine Vonnegut | Yes | | Fiona Walter | Yes | |
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