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HomeMy WebLinkAbout2026-01-13 - RESOLUTIONS - ANNUAL IMPACT FEE REPORTRESOLUTION NO.26-1 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA, CALIFORNIA ACCEPTING AND ADOPTING THE ANNUAL IMPACT FEE REPORT PURSUANT TO GOVERNMENT CODE SECTION 66000 ET SEQ. WHEREAS, the City of Santa Clarita (City) imposes development fees that are subject to the Mitigation Fee Act (Government Code Section 66000 et seq.), collectively Impact Fees; and WHEREAS, pursuant to Government Code Sections 66006 and 66013, the City is required to prepare an annual report regarding the collection and use of the Impact Fees within 180 days after the close of each fiscal yew; and WHEREAS, pursuant to Government Code Section 6600I, the Cityasjegitired to make findings with respect to any unexpended Impact Fee funds every fifth-fiscabyearfullgwing the first deposit into the Impact Fee accounts; and - - WHEREAS, staff has prepared the City of Santa Clarita Annual 3nd'FSve-Year Impact Fee Report also known as the Assembly Bill (AB) 1600 Report (Exhibit A), and incorporated by reference; and WHEREAS, the AB 1600 Report satisfies the reporting requirements stated in Government Code sections 66001, 66006, and 66013; and WHEREAS, notice was provided to the extent required by Government Code section 66006; and WHEREAS, notice of the time and place of the meeting, including the address where the report could be reviewed, was mailed, at least 15 days prior to the next regularly scheduled public meeting, to any interested party who requested it. The report has been available for public review at the City Clerk's office and on the City's website since December 22, 2025. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA CLARITA, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. In accordance with Government Code Section 66000 et seq., the City has conducted an annual and five-year review of its Impact Fees and capital infrastructure programs and the Council has reviewed the Annual Impact Fee Report for the Fiscal Year 2024-25, attached hereto as (Exhibit A), which is hereby accepted and adopted as the report required pursuant to Government Code sections 66001, 66006, and 66013. SECTION 2. The funds have been and shall be used for the purposes stated and are ..� necessary to mitigate impacts resulting from development in the City and there is a reasonable relationship between the use of the fees and the type of development project upon which the fee is imposed. Page 1 of 2 SECTION 3. The City Clerk shall certify to the adoption of this resolution. n PASSED, APPROVED, AND ADOPTED this 13" day of January 2026. L---� YOR ATTEST' CITY CLERK DATE: STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF SANTA CLARITA ) I, Mary Cusick, City Clerk of the City of Santa Clarity, do hereby certify that the foregoing Resolution No. 26-1 was duly adopted by the City Council of the City of Santa Clarity at a regular meeting thereof, held on the 13t° day of January 2026, by the following vote: AYES: COUNCILMEMBERS: McLean, Miranda, Gibbs, Ayala, Weste NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: None CITY CLERK 5 i� Page 2 of 2 00' ANNUAL IMPACT FEE REPORT FOR THE FISCAL YEAR ENDING JUNE 30, 2025 Introduction and Background The Mitigation Fee Act, as outlined in California Government Code Sections 66000 et seq., establishes certain legal and procedural parameters for the charging of development impact fees. These fees are charged to new development projects and are required to be used only for those purposes for which the fees were collected. Requirements for Development Impact Fee Reporting The Mitigation Fee Act imposes certain accounting and reporting requirements for the fees collected. The fees must be deposited in a special account or fund to avoid commingling the fees with other funds and must earn interest. Fees are collected pursuant to various City resolutions, conditions of approval, developer agreements, or other specific agreements. The amount of the City's impact fees are included in the current adopted fee schedule and can be viewed on the City's website: httys:Hmtaclarita.gov/citv-fees/. The Mitigation Fee Act requires local agencies to prepare an annual report and a five-year report that provide specific information about those fees. The City has elected to report on both requirements annually. The report is prepared for the fiscal year ending June 30 and is received and filed within 180 days of fiscal year end. Annual Report California Government Code Section 66006 (b) requires local agencies prepare an annual n report with specific information about development impact fees. Specifically, the section requires the annual report include: • 66006 (b) (1) (A): A brief description of the type of fee in the account or fund. • 66006 (b) (I) (B): The amount of the fees. • 66006 (b) (1) (C): The beginning (July 1) and ending (June 30) balance of a particular impact fee fund. • 66006 (b) (1) (D): The amount of the fees collected and interest earned. • 66006 (b) (1) (E): An identification of each public improvement upon which fees were expended and the amount of expenditures on each 'improvement including the total percentage of the cost of the public improvement that was funded with fees. • 66006 (b) (1) (F): An identification of an approximate date by which the construction of the public improvement will commence if the local agency determines sufficient funds have been collected to complete financing on an incomplete public improvement. • 66006 (b) (1) (G): A description of each interfund transfer or loan made from the account or fund, including the public improvement on which the transferred or loaned fees will be expended; and, in the case of an interfund loan, the terms of the loan, including the repayment schedule for the loan, and the rate of interest that the account or fund will receive on the loan. • 66006 (b) (1) (14): The amount of refunds made due to sufficient funds being collected to complete financing of scheduled public improvements. ^ Page 1 P" Five -Year Report California Government Code Section 66006 (d) (1) requires local agencies make the following findings every fifth year for unexpended funds: • 66001 (d) (1) (A): Identify the purpose to which the fee is to be put. • 66001 (d) (1) (B): Demonstrate a reasonable relationship between the fee and purpose for which it is charged. • 66001 (d) (1) (C): Identify all sources and amounts of funding anticipated to complete financing in incomplete improvements. • 66001 (d) (1) (D): Designate the approximate dates on which the funding is expected to be deposited into the appropriate account or fund. Detailed annual report and five-year report information is contained within the report's attachments. Current and unfunded projects, including all funding sources and approximate dates of funding, can be found in the City's Capital Improvement Program Budget on the City's website: httos://smtaelmita.gov/city-budeeU. Page 2 s� TL 11 xL 5 4ss sg }e "E Ezrr AsEgerE^ g$ o g AOo c boo $ 1 m- e -F m"s aRsa£ ^".a a_sa AIN S pp 9 d AN Sg � 8 SS £ g �? j8•s ol2sog e x2 !4� SSE py x4 f: ��`az$ SE s _ 34 E3o � -eYels`�rd �'g79'p E E LF rEa ��oiqq �{... ga� €gg•i _ � €s pE£p �� €, d= �¢ €se8��ed gyy 5�5�ge��a�fss` •S�^�i�g�i€�L3 pySy5 L ,tl€`y°[p�pk�s5£b C a(29at�s'Y:zo3���aSR3�`�YSF� n n 7 &! Tjg •!! . . . . . .... ....... I O| S {|{(( !- - - -- - - - ----- ----------- IL24 #yay e \ /y\\�. - | • \ \ ) { �, •� [�I\/ !,. ! ; -, { \! ,, •,- !| | ||�|� 1.:,! {l.�il.l.;!!.! Five -Year Financial Summary Statement of Fire Facilities Fee Program Planned Expenditures and changes in FUN Balance In Accordance with the City of Santa Clark.'. Agreement with Los Angeles County to be part of the Consolidated Fire Protection Diftct (Fire District), the City was required to adopt he Deueloper Fee Detailed Fire Station Plan. Fire I istdR developer fees finance the comtrucban of new/replacement fire stations and related fire protection improvements within the City. The Fee is typically updated annually. The Fire Dinrctdevehper fee is charged on new residential buildings, new dmame i residential accessory sructums, new commemal buildings, and residential at commercial additions over 2,000 square Net. The fee is collected at time of bulbing Permit Issuance. There Is a reasonable relationship between the fee and Bs purpose because the Fee Is calculated to reflect the proportionate impact the deyelopment will have on fire safety facilities and service measured by the square footage of the development. The Fire Facilities Mitigation Fee has a balance of $1,S17,543. Pursuant to the Deeloper Fee Agreement (Agreement) No. 66785, offing the approval of the Board of Supervisors for the development of seven (7) fire stations to become operational In the Santa Citrita Valley, the City entered into a mutual agreement to reimburse the Fire District the proportional cons for developing new fire Stations and pumhaAng apparatus with the intent to provide jurisdictional coverage within the City's boundary. Ac a coNRlon of the agreed terms, the City is expected to reimburse the Fire District one hundred percent (10 %) of the tote development cons of Fire Sharon IN to Include and not limited to the apparatus purchase price, outfitting and communication costs, and all applicable firefighting and EMS equipment As of June 30, 2025, full ielmbursement payment has been made or accrued. The City Is permitted to retain a 5%admin fee for its collecting and transmitting of furs to N County. The fee is calculaetl in prop moon to the developer's Impact of $15499 per square foot beginning JUN 1, W24 as approred by City Council at May 14, 2024. It is consistent with the fees adopted by me Los Angeles County Board of Supervisors on January 30, 2024. Fees collected will be used to reimburse the Fire District for Fire Station IN and future fire facilities when IEenrfied. The estimated timing of mmbursement and coat of the project are shown below. The balance of the proil ect cast will be fully funded with me Fire Facilities Mitignlgn Fee revenue Profit Estimated Stag Fire Station No. IN Construction Complete and Fully Paid/Accrued Fire Station Ongaio, Evaluation %Funded with Amount Funded Total Proeit the Impact Fee wain Impact Fee $14,438,698 100% $14,438,698 $16,3%,785 100% $1,519,543 ra Page 1 of 21 Pass •la1 lass' Five -Year Financial Summary Statement of Law Enforcement Facilities Fee Program Planned E"muldures and Changes in Fund Balance The purpose of the Law Enforcement Facilities Fee Is to ensure new development pays It fair share for tapnaI costs associated wtth expanding and/or bullding law enforcement facilities to accommodate the povrth in service population. There Is a reasonable relationship between the Fee and Is purpose because the fee Is calculated M reflect the proportionate Impact the development will have on law enforcement facilities and service measured by the square footage of the development. The Law Enforcement Facllales fee has a balance of $180,914 and is Intended to be Lull to fulfill law enforcement public facility needs. A, per the City's Schedule of fees and Charges, Resolution 24-31, the amount of the fees established shall be reviewed annually by the City Council, in consultation with the Sherry Each year, the law enforcement fadlRles fee shall be adjusted based on the Consumer Price Index (CPI) as determined by the City Council. Construction of the new Santa Chita Valley Sheriffs Station cost $66,682,233. The Law Enforcement Facilities Fee has contributed 6%to Me project. The remaining balance of the project costs was funded with other revenue sources. Project Estimated Sun Total Project Rama Date Cost Santa Clama Construction Valley Sheriffs Completedand $68,682,733 Station Payments Ongoing %Funded wall Amowlt Funded the Facilities Fee with fadll s Fee 6% $4,363;714 Reimbursement in progress up to t00% OMer FunMng City Bond Proceeds, Facilities Fund, Easolde B&T, Federal and State Drug Fodeaure Funds, AOMD, Los Angeles County Contribution Page 2 of 11 Five -Year Financial Summary Statement of Public Library Facilities and Technology Fee Program Planned Expenditures antl Changes in Fund Balance The Library Facilities and Technology Mitigation fee will provide the additional funds necessary to provide the public library facilities required to accommodate the library needs generated by new residential developments.- There is a reasonable relationship between the fee and its purpose because the fee Is calculated to reflect the proportionate impact the development will have on public library and community amenities and service measured by the square footage of the development. Library Facilities include public library improvements and public library services and community amenities, the need for which is directly or indirectly generated by a residential development project, including but not limited to acquiring, through constructing, altering, repairing, augmenting, equipping and furnishing real property, buildings, equipment, materials and other facilities for the conduct of public library services and programs; providing collection development and maintenance, including acquiring books, magazines, newspapers, audio-visual, electronic media, and other informational materials; and all other auxiliary work which may be required to carryout that work, such as administrative, engineering, architectural and legal work performed in connection with establishing, implementing and monitoring such projects, indirect costs, and other incidental expenses of providing those library facilities, or all or any combination thereof. jOrdinance No. 99-7-10/26/1999) The Library Facilities and Technology Mitigation Fee has a balance of $4,609,795 and is intended to fund public library Improvements and Public library services and community amenities. The amount of fee is calculated In proportion to the residential living unit, as per the City's Schedule of Fees and Charges, Resolution 24-31. The amount of the fee is revlewed and adopted annually by the City Council %Funded with Amount Funded Project Estimated Start Total Project the Impact Fee with Impact Fee Name Date Cost Revenue Revenue a"e Library Facilities and Technology Ongoing $4,609,795 100% $4,609,795 Projects a•n Page 3 of 11 Five -Year Financial Summary Statement of Transit Facilities Fee Program Planned Expenditures and Ganges in Fund Balance The Transit Facilities Mitigation Fee will provide the funds necessary to provide transit facilities required to accommodate transit needs generated by new residential developments. The facilities include buses, vans, a bus yard, construction of bus pads and bus turn -outs, and commuter rail stations and facilities. (Resolution No. 91-154, 10/08/1991). There is a reasonable relationship between the fee and its purpose because the fee is calculated to reFlect the proportionate impact the development will have on transit facilities measured by the square footage of the development. The Transit Facilities Mitigation Fee currently holds a balance of $402,740 and will be used to support transit facilities as outlined in the City's Municipal Code. The amount of fee is calculated in proportion to the residential living unit, as per the ❑ty's Schedule of Fees and Charges, Resolution 24- 31. The amount of the fee is reviewed and adopted annually by the City Council. The estimated timing and cost of the projects are shown below. The balance of these projects are expected to be funded with the impact fee revenues as well as grants and other revenues as needed. %Funded with Amount Funded Project Estimated Start Total project the Impact Fee with Impact Fee Name Date Cast Revenue Revenue Transit Facilities Ongoing $402,740 100% $402,740 Page 4 of 11 FINFYear Financial Summary ^ Statement of Oak Tree presentation Fork Planned Eapendita4s irk CMWS In Fund Balance The purpose of Me City's Oak Tree Preservation Ordinance Is to protect and preserve Oak bear in the City and to prrnide regulatory measures desipled to accomplish the purpose. "a regulatory measures Include: No person shall cut prune, remove, relocate, endanger, damage Or encro mir Into the protected zone of any it bee ve any public or private property within Me city, except In accordance wah the condwons of a wild oak bee permit Issued by Me City. My person or applicant shall be required to PomiM all necessary requirements as determined by the Cry's Department Director, In conjunction with the Our's oak free arlsoris0 M necessary, far evaluation anti M mveaa stoat compliance to this policy fOrdinance No. gS10j. The Oak Tree preservation Fee has a balance of $109,702. The collected Fees shall be Wined to further the preservative and regeneration of Oaktrees, the identification and official designation of heritage oaks, the purchase, mondwing and ongoing maintenance of oak bees, landscaping and other habitat rehrbispment. and for educational and informational programs related to oak trees aM their preservative. yn an altemative M the payment of all or a portion of the fees described above, an applicant may also be created with Me value of any accepted dedications of property such In the Cloy which are suitable fa the planting and survival of oak trees. Fees imposed under Mls section maybe reduced as mitigated by specific circumstances and wrreatiw measures mentioned byte pronemyowner. Mercian ssanable relationship between the fee and In purpose because Meted is calculated to reflect the Impactthe development win have on Me preservation and maintenance of oak frees. The fee Is reviewed annually and'a Induced In Me Cdy's Schedule of Fees and Charges (Resolution 24d1). The estimated timing and cost of the Oak Tree preservative is Mown bebop. The entire counts of Me Oak Tree preservation projects are encoded to be funded wit Me Oak Tree Preservation Fee revenue. IF Funded month Mneum Funded abject Estlmatad Stan TgMl Forded the Impact FM with Mount Any Mame DIM Out Rearm. gaNnw Caywide Oak Tree Maintenance 2024-25 $901000 100% $901000 Oak Tree propagation Project Ongoing Evaluation $24,302 100% $24,302 aaan awl Page 5 of 11 fay Five-year Financial Summary Statement of Site Improvements Facilities Fee Program Planned EapedRRa and Champs m Fund Balance At Permit Issuance or other francs of approval, the developer agrees to develop the property in accordance with Clty codes and other appropriate ordinances such as, Bunning code, Plumbing Code, Grading Code, Highway Permit Ordinance, Mechanical Code, Uni0ed Development Code, Underground, of Utilities Ordinance, Sealtary Sewer and Industrial Waste Ordinance, Electrical Code, and Fire Cads. The deveoper also agrees At various conditions of approval for various community lmprovemetds. Prior to the issuance ofbu'ddmg permits, Wilding final, or in accordance with the approved conditions of approval, the Lavender pairs co the City theirco urbudon towards their fair share of me costs. There a a reasonable relationship between the fee and Rs purpose because the fee is calculated m reflect the proportionate impect the development will have on utility, and community Entries measured Wore square footage of the deanapment. As offune 30, 2025, there is a $534,767 balance in the Site Improvement Fee account The City a utilizing the balance far the following site improvement projects: Sauquet Carmine Rd project - Lanni Per the Conditions of Approval for MasterCard 21-151, the land acpuildion was completed in connection with me Bouquet Canyon Project, which was approved AN the City Council on November 10, 2020. Mart Park Muaeun: Per the Conditions of approval, a $150,O00 conmWtlon was Collected far the completion of the museum at me Pardee House History Center at Hart Park, or similar Improvement. Utility Udergrounding: -Soktlad Canyon: To underground utilities In a two-mile section of Sole lad Canyon Road between Bouquet Canyon Road and Valley Center Drive. - Kansas Street To underground new and waiting power lines and overhead tables less than 34 KV within or honing the project she along Kansas Street Wtween Lyom Avenue and Oak Street. Park Improvements: Per the Conditions of Approval, fees were Collected as a City Council condition and the funds are W W used as determined by me City. Needham Reach Trail: Developer contributions to be uled to wormed ad refurbish me surroundingtml systems into a single, connected tail system. The estimated timing and cost of the projects are shown below. The project is eapetted to W funded with she improvement revenues as well as wish open space Preservation District (OSPD(. project Name EW AssStart Date Total ProjM each %Fettled with the Impost Fee Remus Rmeunt Fuld was Impact Fee guarantee Omer Funds, Source. Bouquet Canyon Rd Froject-Land 2024-2025 $182,24S 1N% $1821245 Hart Park Museum Crazing Evaluation $153,158 LOOM $153,158 Utility Undr,rounding Ongoiog Evaluation •Soledad Canyon TO W Completed with $161500,000 2% $300,000 Fanlites Fund larger Segment. Ongoing Evaluation • Kansas$treet To be Completed with $263,736 100% $263,736 Larger segment. Park Improvements Ongoing Evaluation $8,916 10O% $0,916 Needham He nch Trail Onping Evaluation $158,216 8ffi $138,266 OSPO Page 6 of 11 Five -Year Financial Summary Statement of Street Infrastructure Facilities Fee program Planned Eapendhures and Changes in Fund Balance The purpose of the Street Infrastructure Fee Is to mitigate adverse impacts due to the inadequacy of public roads and thoroughfares within the community that might otherwise occur due to new residential development. There is a reasonable relationship between the fee and As purpose because the fee Is calculated to reflect the proportionate impact the development will have on public roads and thoroughfares measured by the square footage of the development. The Street Infrastructure Fee has a balance of $120,706. The City anticipates utilizing this balance forme following projects: -Bridge Widening Capper Hill Drive This project will provide for design peer review and construction oversight of the developer funded/constructed project to widen the Copper Hill Drive bridge over San Francisquito Creek. The project will widen the bridge to include three lanes In each direction, median, barrier separated sidewalk and bicycle facilities, and associated improvements on the roadway approaches. - Vista Canyon Road Maps - Design This project will provide a bridge over the Santa Clara River and street Improvements on Soledad Canyon Road at Lost Canyon and within limits of Vista Canyon development. Design contract completion is contingent on the developer's schedule. The estimated timing and cost of the projects are shown below. Is Funded with Amount Funded Other Project Mohamed Start Total project Me Impact Fee with Impact Fee Furldlrlp Name Data Cost Revenue Revenue smarm Bridge Widening Copper Hill Doe 911/202D - $545,665 100% $545,665 - - TDA, Prop C, prep A, Vista Canyon Road Bridge - Design 7/1/3034 $9)0590pg 1% $BW opo Measure R, Measure M Let, Construction ,, Measure R HWy OF, Cxneral Capital project 7 Page 7 of 11 desea eeaa Five -Year Financial Summary Statement of 5idewilk Infrastructure Facilities Fee Program Planned Expenditures and Changes In Fund Balarce The purpose of the Sidewalk infrastructure Fee is to mitigate the impacts of development projects on the sidewalk infrastructure, Developers contribute to the upkeep and Improvement of sidewalks In the areas where their projects are undertaken. There Is a reasonable relationship between the fee and di purpose because the fee is calculated to reflect the proportionate impact he development will have on sidewalk Infrastructure measured by the square footage of the development. As per Conditions of Approval, prior to issuance of building permits, the developer is required to dedicate sidewalk easements sufficient to encompass American Disabilities Act (ADA) requirements for sidewalks installed with drive approaches per the current City standard American Public Works Association (AMA)110-1, Type C, or equivalent. Prior to building final, the developer Is required to replace abandoned driveways with standard curb, gutter, sidewalk, and pavement in accordance with AMA standards. to the satisfaction of the City. A revised street plan and encroachment permit shall be required The developer is also required to repair any broken or damaged curb, girder and sidewalk, and refurbish the half section of pavement on street within or abutting me project, to the satisfaction of the City. The Sidewalk Infrastructure Fee has a balance of $0. %Funded with Amount Funded txlar Pm)eR Estimated Start Total Pro)est the Impact Fee with Impact Fee Funding Name pet. Cost Revenue Revenue Sources 2425 Concrete Rehabilitation 1/6/2025 $6q - 5% $29,921 MeasureR Page 8 of 11 Five -Year Financial Summary Stetemem of Medians FatgRles Fee Program Manned Expenditures and Cbaryes In Fund salable The purpose of the Median Fee is to mitigate Me impacts of development projects an landscape medians. There is a reasonable rele4on h, between Me fee and its Porpoise, Me fee is calculate! based on Me proportionate impact the development will have on street medians measured by Me cost estimate. As par Conditions of approval, poor to Issuance of Me first building permit the developer shall pay Me fee For landscaping and Irrigation of Me medians on Me protect site. The fee shall be based on a cost estimate calculated by Me developer and approved "a City. The Medians Fee has a balance of $665,220. The City evil fund the folbwmy projects with Me balance: Lmuo nImproMments of van" center cable This project proaides for the construction of traffic Circulation improvements which h%Iu la median reaslons, re-sbipin& landscape and Irrigation, and traffic signal madifica0ans. - Slem Highway Medians This project pravldes For Me landscaping and irrigation of Me medians on Sierra Mghway along Me frontage of Me project site. -Metrowalk SWifc Man This project pravides for improvements science ad In Me traffic study. Improvements shall Include, signalising bin Canyon Road/ Medley Ridge Orive, Lost Canyon Road /Canyon Park Boulevard, and a median m Lost Canyon Road / Winter Part Wry to tramp It salt-wm movements out of Winter Pine Way. The end noted diming and cost of Me projects are shown below. The balance of Me pro fors cost are memo to be fully handed with Me Median Fee Prolate Marne Estimated Son Data Few Project Cost %Funded each Bw Impact Fe RFyenw Amount Funded w lmWct Fee - R.M. OtMr Fundls, SWrGF Circulation Improvements of 1/3/2023 $3,415,000 2% $236,626 ionic. Fed Grant. Valley Center Drive TOA Artitfe8 Sierra Highway Medians Fit 29-30 $512,866 100% $512,866 Med ik Specific Plan Oyoing $145,480 10091 $145,480 Page 9 of 11 Five -Year Financial Summary ar0 Statement of Traffic Signal Timing Facilities Fee program Planned ExImmillures and Changes in Furth bull. /l "Fall As a condition of building occupancy permit issuance, the developer Is required to update the traffic signal timing at all signalized locations determined by the City to experience significant changes in vehicular volumes and/or navel patterns as a result of the development. There Is a reasonable relationship between the fee and its purpose because the fee Is calculated to reflect the proportionate impact the development will have on increased traffic and traffic signal timing measured by the square footage of the development. There Is a balance of $18,032 in the Traffic Signal Timing Fee fund, which is expected to be used to fund improvements to tmfRc signal timing in the CRY. The fee Is calculated in proportion to the developers impact on the location as per the Ciry's Schedule of Fees and Charges, Resolution 24-31. The amount of the fee is reviewed and adopted annually by the City Council. The estimated timing and cost of the projects are shown below. The balance of the projects cost are expected to be fully funded with the rref8c signal timing fee revenue. N Founded! whh Amount Funded Project Estimated Sort Total project the Impact Fee with Impact Fee Name Date Cast Revenue Revenue Newhall Avenue Corridor W25-26 $1,798 1004 $1,T98 Soledad Canyon Corridor MB-26 $5,039 100N $5,039 Railroad Avenue Cortidor W25-26 $5,426 10 $5,426 Bouquet Canyon Corridor M25-26 $S,TTO 10 $5,770 Page 10 of 11 Five -Year Financial summary _ Seanmem of Bridge and MajPr TMrou"re Fees Progmm Paned EyeMrturn aft One eggs In FUM plane An a computer of final map approval for property within an area of bereft, or a building permit Qvelopep as a Congdon of building permit Issuance For, property withm an area of benefit, is required to pay a he As deMy the cog of mnam¢Ing ledges over wrtarvays, railways, freeway, and minfor , and/or mnmunlng major thoroughfares. The produced W payment m a fee only applies HMe bridge and/or major thoroughfare has been included in an element of Me General Ran adopted by the Gourd at least An, (30) days prior to Me Al., of a map or mpnmeon for a building permit on land logged within Me councilmen oft the arcs of befieft There is a reasonable relationship between Me fee and As purpose because Me fee is calculated to rgfiect the propmtioate impact the development will have on thimbles and major thoroughfares measured by number of units of Me devemp lent. There in a balance of $15,955,069 in Me Major Bridge and ThorwgMare Fee, which is mpWW to be used to fund the mnsWNon of bridges and/or thppudderes wdnin benefit area - The Fee u calculated per Factored Ocuelppnent Unit IFOUI as per CMMs Schedule of Feel and Charge, RndWgn 24-31. The amount W the fee is AMew<tl and adopted annually by Me Ciry Council. M Manuel timing and cost aMe projects are shown below. project tmb are erpMM to be funded whh the Impact Fee raceme, as well as grams and TOR AMde 8 lands, The available cash balance Inducin imeri mans from other funds. %funded wily Otis Project EMmetMShrt TpblPmfatt Me Impact Fee Available Fund Asn"WeCain FUMirg ft. Den Curt Reliance "him "hare Saw. Bouquet0&T FUNre Prefects Ongong OnWing Ongoing $f,5%,3f0 $2,716,505 4hnYa AT funs. hojecs Ongoing Ongoing Ongoing (51211]2,229) $10,691,338 •Via Mr..-Wbella Parkway 7/1120O W'AA9,OZ0 5]% Grant, to linden Vegas Rd TOR Article _ Street Inner Fee, TVA" & Frop A, • Ns. Canyon Road &Idge- Ms. R, final M LR, Onlgn&Construction T/11=2 $20,455,935 5% Measure M AP, Measure R HWY OF, General Fund Uphill Project, Transit Fund • Slane H" ConMN.bili, 5/1/2021 $792,509 M% TDAAflde8 ^l Review-Revkw&Deslgn me "reaches UT Funs, impacts, On'Ing Ongong Onoing $6,2%,= $7,360p90 • Dolmseiler Drive Warning FY 24-25 $5],1]1,253 Zinn Gram TDAArydag Videmi MT FOWn Flpegs Ongoing Ongoing Ongoing $17,320b95 $3,44],46] • Maga, Maureen Pkwy Ad, M0, 5tamnwatw& Resm.re on 7/1/122 '�'m28% MA Mide8 • MFaean Bricigo Ewronmental a/1/2019 $22&o9A 92% Gram, JyMW m General Fund Capital Project • 11m Eabmmental Mitigation V112022 $1,076,015 ID% Grant, General Fund Capi.l project r' Page 11 of 11