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Meeting Date:
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12/14/2020 - 5:00 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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17.4 Resolution 21-12, Developer Impact Fees Report for 2019-2020
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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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Pursuant to Government Code ยง66006, local agencies that collect developer impact fees must annually report the income and expenses of the fund as well as the beginning and ending balances. The fee for residential construction in 2019-2020 was $1.26 per square foot. The fee for commercial construction was $ 0.20 per square foot.
The 2019-2020 report on developer impact fees on the following page shows that a total of $1,135,019.46 was collected in developer impact fees. This compares to $888,303.17 collected during the prior year. During 2019-2020, a total of $1,866,320.29 was expended. $155,605.75 was for debt service related to the construction of the Alta Vista campus; $1,272.50 was for contracted services related to enrollment growth studies; $20,144.57 was for repairs for LAHS portables; $10,000 was for rental of Los Altos portables; $446,056.58 was for interim housing costs and $1,233,240.89 was for the district office modular classrooms project.
This report has been made available to the public according to Government Code Section 66006 and has been mailed to parties who have requested such notification.
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Funding:
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None
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Recommendation:
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Adopt Resolution No. 21-12, Developer Impact Fees Report for 2019-2020.
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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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