HomeMy WebLinkAboutStaff Report 4.A 02/05/2018DATE:
TO:
Agenda Item #4.A
February 5, 2018
Honorable Mayor and Members of the City Council through City Manager
FROM: Corey Garberolio, Acting Finance Director
Janine Tedrow, Senior Accountant NY
SUBJECT: Resolution Accepting the Fiscal Year 2017 Development Impact Fee Report
RECOMMENDATION
It is recommended that the City Council adopt the attached Resolution Accepting the Fiscal Year
2017 Development Impact Fee Report Pursuant to AB 1600.
BACKGROUND
The Mitigation Fee Act, Government Code § §66000 et seq., (the "Act ") governs the
establishment and administration of development impact fees paid by new development projects
for public facilities needed to serve new development. Fees must be separately accounted for
and used for the specific purpose for which the fee was imposed. Expenditures are authorized
through the annual Capital and Operating Budgets and the City's Capital Improvement Program.
The annual adopted City Budget is on file with the City Clerk.
DISCUSSION
The Mitigation Fee Act requires that the City prepare an annual accounting report of all fees
subject to the Act (Government Code §66006(b)(1)). The annual development impact fee report
for the year ending June 30, 2017 is included as Attachment 2 to this agenda report. The annual
development impact fee report must be made available to interested parties and the public at least
15 days prior to the time the report is presented at a City Council meeting for review by the
Council pursuant to Government Code §66006(b)(2). The FY 2016 -2017 report was made
available to the public on the City of Petaluma website on January 18, 2018; and a copy of the
report also was mailed on January 18, 2018 to all persons who had requested mailed notice
relating to City fees.
FINANCIAL IMPACTS
There are no financial impacts directly related to the recommended action. Depending on
development activities there may or may not be direct expenditures for some of these funds.
There are, however, fixed costs related to the administration and accounting of the development
fees, which have been reported as "City Administrative Costs" and which occur regardless of
whether direct expenses have occurred. A summary of all impact fee expenditures during FY
2016 -2017 is also included in Attachment 2.
ATTACHMENTS
1. Resolution Accepting the Annual Development Impact Fee Report
2. FYI 6-17 Annual Development Impact Fee Report
a
ATTACHMENT 1
RESOLUTION ACCEPTING THE FISCAL YEAR 2017 DEVELOPMENT
IMPACT FEE REPORT PURSUANT TO AB -1600
WHEREAS, the City of Petaluma imposes fees to mitigate the impacts of
development, pursuant to Government Code § §66000 et seq.; and,
WHEREAS, fees collected are deposited into a separate fund account for each
type of development impact fee; and,
WHEREAS, a description of each fee, its amount, and various information
required by Government Code section 66006(b)(1) to be reported on an annual basis is
set forth in the Development Impact Fee Report = Fiscal Year 2016 -2017 attached hereto
as Attachment 2 and incorporated herein by reference ( "the Report "), as required by
Government Code §66006(b)(1); and,
WHEREAS, the Report was made available to the public on the City's website
on January 18, 2018; and,
WHEREAS, copies of the Report were mailed on January 18, 2018 to all persons
having requested notice of City actions relating to fees; and,
WHEREAS, the City Council has reviewed the Report.
NOW, THEREFORE, BE IT RESOLVED that:
1. The recitals stated herein are true and correct and adopted as findings of the
City Council.
2. The City Council has received and reviewed and hereby accepts the
Development Impact Fee Report — Fiscal Year 2016 -2017 attached hereto as
Attachment 2 and incorporated herein by reference ( "the Report").
01
Attachment 2
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•
CITY OF PETALUMA, CALIFORNIA
ANNUAL DEVELOPMENT IMPACT FEE REPORT
FISCAL YEAR 2016 -17
City of Petaluma
Annual Development Impact Fee Report
. Fiscal Year 2016 -17
Background
The Mitigation Fee Act, Government Code §§66000 et seq., (the "Act ") governs the establishment and
administration of development impact fees paid by new development projects for public facilities needed
to serve new development. Fees must be separately accounted for and used for the specific purpose for
which the fee was imposed. The City's adopted development impact fees are listed in the attached
exhibits. Expenditures are authorized through the annual Capital and Operating Budgets and the City's
Capital Improvement Program. The annual adopted City Budget is on file with the City Clerk.
Annual Development Fee Reportinls
The Act requires that the City prepare an annual review of all development impact fees as defined in the
Act and make a public report on the fees available to the public after the end of each fiscal year.
Government Code §66006(b)(2) requires the report to be placed on an agenda for review at a public
meeting not less than IS days after the report is made available to the public. The Fiscal Year 2016 -2017
report was made available to the public on the City of Petaluma website on January, 18, 2018; a copy of
the report also was mailed to all persons who had requested mailed notice relating to city fees on January
18, 2018.
Excluded from this report are developer fees which are not subject to the reporting requirements of the
Act. For example, fees collected pursuant to the City's zoning powers, rather than pursuant to the Act, are
in -lieu housing fees, the commercial linkage fee which is the non - residential equivalent of an in -lieu
housing fee, public art in -lieu fees and one fee related to the Central Petaluma Specific Plan area. Water
capacity fees and wastewater capacity fees are not development impact fees as defined in Sections 66006
and 66001 of the Act. The Quimby Act parkland acquisition fee for residential subdivisions is imposed
pursuant to the Subdivision Map Act (Gov't. Code §66477), and is also not included in the Section 66001
reporting requirement.
The Storm Drainage Fee was last updated in 1986, prior to the January 1, 1989 effective date of AB 1600,
but is nevertheless included in this report and findings for informational purposes.
The city is also required to adopt by resolution certain findings for any fund accounts which contain
unexpended funds as of the fifth fiscal year following the first deposit into those fiinds and every five
years thereafter. (Gov't. Code §66001(d).) In FY 16 -17, no impact fee funds fall into this category and
therefore no resolution has been adopted related to unexpended fiords.
The report is organized as follows:
Exhibit A: A brief description of the purposes of each development impact fee and its authorizing
legislation (Gov't. Code §66006(b)(1)(A).)
Exhibit B: Summary of the July 1, 2016 beginning balance, annual fee revenue collected, interest earned,
returned unused funds.fi-om projects and loan repayments, identification of public improvements on
which fees were expended and the ending balance as of June 30, 2017 for each fee (Gov't. Code
§66006(b)(1)(C) -(E).) Excess funds from capital project funds were returned to the originating revenue
funds. The annual expenditures on each specific public improvement are listed, including the total
percentage of the cost of the public improvement that was funded with development impact fees, In
addition to public improvement project costs,.the City incurs costs to administer each mitigation fee
program and to prepare the annual reports and the five -year compliance analysis also required by the Act.
As shown in the mitigation fee cost studies (or "nexus studies ") which support the various impact fees, the
City charges administrative and compliance costs. at 2% of the program cost for each fee as a program
expense. The actual dollar cost for these-expenditures is listed for each fee. No individual development
impact fee fund has collected sufficient funds to constiuct all improvements covered by that fiend as
described in the nexus studies (Gov't. Code §66006(b)(1)(F),)
Exhibit C: Identifies the amount of each development impact fee, including the modifications which
were adopted May 16, 2016, when the City amended provisions of the Traffic. Development Impact Fee
and October 3, 2016 when the City amended provisions of the Parkland Development Fee.
Exhibit D: Identifies interfund loans, transfers, refunds or reallocation of funds in lieu of refunds in
Fiscal Year 2016 -2017 (Gov't. Code §66006(b)(1)(G) -(M).
I
Exhibit A
City of Petaluma
Development Impact Fee Summary
Fee #
Impact Fee Name
Fee Authority
Brief Description of the Type of Tee
1
(A)
Aquatic Center
Reso. 2008 -086
The Aquatic Center Facilities Impact Fee is to finance the
Facilities Impact Fee
N.C.S., May 19, .
portion of construction of an aquatic complex with a 50
2008
meter lap pool and a 4,500 square foot recreation pool
that is related to the project's services to new
development.
2
(A)
Community Center
Reso. 2008 -088,
The Community Center Facilities Impact Fee is to
Facilities Impact Fee
N.C.S., May 19,
finance the expansion of community center facilities,
2008
including furniture and fixtures, to equip new community
center facilities space required to reduce the impact of
future development.
3
(A)
Fire Suppression
Reso, 2008 -088
The Fire Suppression Facilities Impact Fee is to finance
Facilities Impact Fee
N.C.S., May 19,
specific fire protection and emergency services facilities
2008
to reduce impacts caused by fixture development.
4
(A)
Library Facilities
Reso. 2008 -090
The Library Facilities Impact fee is to provide funding for
Impact Fee
. N.C.S., May 1.9,
additional library facilities, furniture, fixtures and
2008
collection materials to reduce the impacts caused by
future development.
5
Parkland Acquisition
Reso. 2014 -038
The Parkland Acquisition Fee is imposed on
Fee
N.C.S., March 3,
development projects that are not subject to the Quimby
2014; Reso. 2012-
Act. It funds acquisition of and payment for parkland
124 N.C.S., August
necessary to maintain the standard established in the
27, 2012; Reso.
city's General Plan, based on a ratio of parkland acreage
2008 -092 N.C.S.,
to population, including employees of new commercial
May 19, 2008
development, as new residents and employees are added
by new development.
6
Parkland Development
Reso. 2016 -1.60
The Parkland Development Fee funds public facilities
Impact Fee
N.C.S; October 3,
which'improve neighborhood and community parklands
2016; Reso. 2014-
as needed to serve new development.
037 N.C.S., March 3,
2014; Reso. 2012 -
122 N.C.S., August
27, 2012; Reso.
2008 -093 N.C.S.,
May 19, 2008
7
Open Space Acquisition
Reso. 2014 -039
The Open Space Acquisition Fee funds acquisition of and
Impact Fee
N.C.S., March 3,
payment for open space necessary to maintain the city's
2014; Reso. 2012-
standard established in its General Plan based on a ratio
123 N.C.S., August
of open space acreage to population, including employees
27, 2012; Reso.
of new commercial development, as now residents and
2008 -091 N.C.S.,
employees are added by now development.
May 19, 2008
0
8
(A)
Law Enforcement
Reso. 2008 -089
The Law Enforcement Facility Fee funds the portion of
Facilities Impact Fee
N.C.S., May 19,
construction of new law enforcement facilities, including
2008
a new police station and two communications towers, and
acquisition of police vehicles and equipment, that is
related to the need to seine new development.
9
(A)
Public Facilities Impact
Reso, 2008 -094
The Public Facilities Impact Fee funds a proportionate
Fee
N.C.S., May 19,
share of City Hall renovation or relocation, corporation
2008
yard construction and VOIP and Wi -Fi communications
systems. It also fiends additional computer technology
and city vehicles to serve the added population and
employees brought to the city by new development.
10
(A)
City Facilities
Reso. 2014 -036
The City Facilities Development Impact Fee funds
Development Impact
N.C.S., March 3,
design, engineering, right -of -way and reasonable costs of
Fee
2014; Reso. 2012-
outside consultant studies related thereto, reimburse the
121 N.C.S., August
City for the Facilities constructed by the City with funds
27, 2012
from other sources, including funds fl•om other public
entities, reimburse developers who have designed and
constructed any of the facilities with prior City approval
and have entered into an agreement and pay for and /or
reimburse costs of program development and ongoing
administration and maintenance for the Fee program,
including, but not limited to, the cost of studies, legal
costs, and other costs of updating the Fee.
11
Storin Drainage Impact
Ord. 1530 N.C.S.,
The Storm Drainage Impact Fee funds the construction of
Fee
ef.E Sept. 20, 1982;
storm drainage improvements needed to control increases
Ord. 1653 N.C.S.,
in run -off created by new development projects. The
off. June 2, 1986
Storm Drainage Impact Fee was adopted and last updated
(Petaluma Municipal
before the enactment and effective date of AB 1600, but is
Code Chapter 17.30);
included in this report for informational purposes.
Reso. 9751 N.C.S.,
June 2, 1986
11
12
Traffic Development
Reso.2016 -76
The Traffic Development Impact Fee fields construction
Impact Fee
N.C.S. May 16, 2016
and implementation of improvements to key elements of
Reso 2015 -191
the citywide transportation system sufficient to
N.C.S., Dec 7,2015;
accommodate future traffic demand generated by new
Reso 2014 -112
development.
N.C.S., July 7, 2014
Reso. 2014 -040
N.C.S., March 3,
2014; Reso, 2012-
125 N.C.S., August
27, 2012; Reso.
2008 -095 N.C.S.,
May 19, 2008
inn Uny rawimes impact ree consolidated the tollowing six previous development impact fees into a single fee: Aquatic
Center Facilities Impact Fee, Community Center Facilities Impact Fee, Fire Suppression Facilities ,Impact Fee, Law
Enforcement Facilities Impact Fee, Library Facilities Impact Fee, and the Public Facilities Impact Fee.
Exhibit B
Development Impact Fee Report
Fiscal Year 2016 -17
I i Fund Balance Fee j Interest I Return Unused i Expenditures/ ! Est % funded i Ending Balance
Fund ! !Fund Title /Project Title ) 7/1/2016 j, Revenue ! Revenue ,Funds /loan repymt� Transfers l by Impact Fees ! 6/30/2017
2110
(A)IlAquatle Center Facilities Impact Fees
j 628.43 I
I !City administrative costs
I 2120
; (A) E Community Facilities Impact Fees
I
( c16201306 Comm Center Roof and HVAC
1 ;City administrative costs
2121
j (A) iCommunity, Center Facilities -,08
it 2
j !City adminstrative costs
2125
1(A) Fire Suppression Facilities Impact Fees
, I
City administrative costs
2135
k Librnty Facility Impact,Fees
City administrative costs
2140
Parkland Acq and Dev Impact Fees
2141
`Parkland Acquisition Impact Fees -08
77 586.03 I 8
8 467.00 j
j 628.43 I
I 169.34 I 8
86,512.121
I 1
169.34 1
100.0 %1
it 2
2 1
I 5,221.45 ;
1 1
, I
I
I ! I
I I
I 25,000.001 1
11.5 %1 I
I
! 1
1 I 467.30 1
100.0%1
i
179957.03 I 1
12656.00 i
i 1450,57 i
i 253.12 I 1
193,810.48
! 253.12 1
100.0 %!
• I I
I 1
1 i 1 r
r
! ;City administrative costs
2142 ;Parkland Development Impact Fees -OS 1,144,752.
c00400205 Playground Replacements
c14501604E Washington Park Restroom
04501403 E Washington Park Mufti -Use Pathway _
c14501607 Pet Comm Sports Field- Baseball
City administrative costs f
2143 ;Open Space Acquisition Impact Fees -08 L 158,076.1
!City administrative costs !
cl4501402 La Cresta Ridge & Ravine I
2145 !(A), Lawl ;nforcement Facilities Impact Fees
!City administrative costs
t
21.50 1 (A) !Public Facilities Impact Fees
! ;City administrative costs
2151 (A) !Public Facilities Impact Fees -08
j 1 !City administrative costs
2152 ! ;City Facilities Development Impact Fees
! ]City administrative costs
2155 I IStolvl Drainage Impact Fees
1.16301413 Capri Creek
j
1,00500208 River Plan- DenmanPhase3
!,,16301620 Alert_ Stream & Precipftaion Upgrade
lc00500308 Stream and Pre,c)prtation Gainges
X00500100 Flood control
I :z,1 /8 1VV.0 %o;
282,225.05 1 5,728.53 1 1,450.33 292,939.84 4 1 141,216.98
I 1 46,000.00 ; 38.9% !
i I 150,000.00 86.7W {
i
I 6,295,34 j 25.7/0!
! ,
I 85,000.00 j 100.0%';
1 ! 5,644.50 ! _ 100.0%
I
{ i 36,232 91 1 1,362.601 j 5;7N.66 189,946.90 i
724.66,] 100.0 %' -
1 i ! 100.
5,000.00 0%!:
i I
416380.47: 17,760.001 3,503.69 1 355.20 j 467,288.96
! 355.20 ! 100.0 %' !
175 662.40 i 24,978.001 1425.62 I - 499.56 I I
; 201566.46
499.561 100.0%
165,058.25 ( 8,688.00 ; 1,322.151 ' 173.761 ! 174 894.64
I
27.041 100.0 %1 4
1. i._..... _ !
L__1,336,771.24 I 247,153.80 I 6,704.32 I I 4,943.081 j 1,585,686.28
4,943.08 ! 100.0%!.
2,771,012.11 j I 20238.10 i 331537.72 337,896.34 I 2784,891.59
! ! ! !
40,000.001 17.7 %1
i
i { I 281000.00 6.50/0(
_ i
13,000.0.0 10.2 %1 .
L ;
3_,590.38 ` 5.3 %1-
_ .
305.961 100.0 %1
F
416380.47: 17,760.001 3,503.69 1 355.20 j 467,288.96
! 355.20 ! 100.0 %' !
175 662.40 i 24,978.001 1425.62 I - 499.56 I I
; 201566.46
499.561 100.0%
165,058.25 ( 8,688.00 ; 1,322.151 ' 173.761 ! 174 894.64
I
27.041 100.0 %1 4
1. i._..... _ !
L__1,336,771.24 I 247,153.80 I 6,704.32 I I 4,943.081 j 1,585,686.28
4,943.08 ! 100.0%!.
2,771,012.11 j I 20238.10 i 331537.72 337,896.34 I 2784,891.59
! ! ! !
40,000.001 17.7 %1
i
i { I 281000.00 6.50/0(
_ i
13,000.0.0 10.2 %1 .
L ;
3_,590.38 ` 5.3 %1-
_ .
305.961 100.0 %1
F
F
Exhibit B
L.
(A) The City Facilities Impact Fee consolidated the following six previous development impact fees into a single
fee: Aquatic Center Facilities Impact Fee, Community Center Facilities Impact Fee, File Suppression Facilities
Impact Fee, Law Enforcement Facilities Impact Fee, Library Facilities Impact Fee, and the Public Facilities
Impact Fee.
�l
Fund Balance I Pee
Interest i. Return Unused 1 Expenditures/
Est % funded I E_ nding Balance
Fund l ;Fund Title / Prglect Title
7/1/2016 j Revenue I
Revenue Funds /Loanrepymh .
Transfers i
by,Impact Pees
6/30 /?017
2156 ? :Storm Drainage Impact Fees -08
i 1
247 72 7.50 ; 48,931.84 j
2,090.64
978.64 I
297 77134 i
E tCity administrative costs
978.64 j
100.0 %j
2160 iTralfic Impact Fe es
j 3,033,408.43 1
15,264.52 581992 58 !
26412715 I
I'
3,366,538.38 '
j 1c00500206Street- Ely /Caulfield/Payran
j
232,127.15;
13,40/a
I .Ic655501604
Transit Signal Priority
j L. I
j _ _. !_
,. 32,000:00
20,4%
2161 Im P act Pees -08
I 13,766,721.73 2,064,352.81 j
78,015.23 4,623,945.00 j
41 87.06
I
20,491,747.71
I i (ITrafic
City administrative costs
.. { ? ..... j..
41,287.061
100.0 %1
j
(A) The City Facilities Impact Fee consolidated the following six previous development impact fees into a single
fee: Aquatic Center Facilities Impact Fee, Community Center Facilities Impact Fee, File Suppression Facilities
Impact Fee, Law Enforcement Facilities Impact Fee, Library Facilities Impact Fee, and the Public Facilities
Impact Fee.
�l
Exhibit C
FY 16/17 Development Impact Fee Schedule
FEE TYPE
LAND USE TYPE
FEE
UNIT OF MEASUREMENT
City Facilities
Development Impact
Fee )(A)
Single Family Residential
$5,849
Unit
Multifamily Residential
$3,938
Unit
Accessory Dwelling
$2,006
Unit
Commercial
$1,108
1,000 sq ft of buildingspace'
Office
$1,059
1,000 sq ft of building space
Industrial
$674
1,000 sq ft of building space
Y-
r
Commercial
Development Housing
Linkage Fee
Commercial
$2.26
Square Foot
Retail
$3.89
Square Foot
Industrial
$2.33
Square Foot
Open Space Acquisition
Fee
Single Family Residential
$410
Unit
Multifamily Residential
$276
Unit
Accessory Dwelling
$141
Unit
Commercial .
$78
1,000 sq ft of buildings ace
Office
$75
1,000 sq ft of buildings ace
Industrial
$47
1,000 sq ft of buildings ace
Park Land Acquisition
Fee (Quimby and Non -
Quimby Act Projects)(B)
Single Family Residential
$1,750
Unit
Multifamily Residential
$1,184
Unit
Accessory Dwelling
$600
Unit
Commercial
$332
1,000 sq ft of buildings ace
Office
$317
1,000 sq ft of building space
Industrial
$202
1,000 sq ft of building space
S �.� S- a" -ors• _..rL.rv..-
__ �at _
Y � _
_ _— _ — —_ _
Park Land Development
Impact Fee
Single Family Residential.._
$5,647
Unit
Multifamily residential
$3,803
Unit
Accessory Dwelling
$1,937
Unit
Commercial
$1,070
1;000 sq ft of buildings ace
Office
$1,024
1,000 s ft of building space
Industrial
$651
1,000
�2--
Exhibit C
FY 16/17 Development Impact Fee Schedule
FEE TYPE
LAND USE TYPE
FEE
UNIT OF MEASUREMENT
Traffic
Development
Impact Fee
Single Family Residential
$ 14,708
Unit
Multifamily Residential
$ 9,028
Unit
Accessor Dwelling
$ 4,078
Unit
Senior Housing
$ 3,931
Unit
Office
$ 19,427
1,000 sq ft of buildings ace
I40tel/Motel
$ 5,794
Room
Commercial/Shopping
$ 28,421
1,000 sq ft of buildings ace
Industrial /Warehouse
$ 11,504
1,000 s ft of building space
Education
$ 1,448
Student
Institution
$ 5,960
1,000 sq ft of buildings ace
Gas /Service Station
$ 47,577
Fuel Position
Wastewater
Capacity Fee (C)
Single Family Residential
$7,720
Unit
Multifamily Residential
$5,111
Unit
Accessory Dwelling
$2,840
Unit
Non - Residential Customers
$ 16.37
$ 3,718
$ 4,263
Per gallon daily flow
Per daily pound of BOD
Per daily pound of TSS
Water Capacity
Fee .
(per meter size)
METER SIZE
FEE
%
$3,758
1" (residential)
$3,758
1" (non - residential)
$6,275
1 %2
$12,513
2"
$20,028
3"
$37,576
.4„
$62,639
6"
$124,000
>6
Case by
Case basis.
(a) The City Facilities Impact Fee consolidated the following six previous development impact fees into a single fee:
Aquatic Center Facilities Impact Fee, Community Center Facilities Impact Fee, Fire Suppression Facilities Impact
Fee, Law Enforcement Facilities Impact Fee, Library Facilities Impact Fee, and the Public Facilities Impact Fee.
(b) The Quimby Act applies only to fees and /or dedications imposed on certain subdivisions subject to the Subdivision.
Map Act to fluid land acquisition costs for park or recreational purposes.
�'22
Exhibit C
(c) The wastewater capacity fee for non- residential-users is based on the daily flow; biological oxygen demand and the
total suspended solids of the wastewater being discharged. Please contact the Department of Public Works & Utilities
at 707 -778 -4546 for a quote.
STORM DRAIN IMPACT FEE
Calculation of Fee
Runoff computation: The increase in runoff created by a given project is calculated for a 100 -year storm, utilizing runoff
coefficients based upon the portion of vegetated area to impervious surfaces, and expressed in acre -feet. Runoff coefficients
are based upon the type of use, slope of the land, and percent of vegetation coverage.
Commercial/Industrial: Projects pay a fee of $30,000 per acre foot of additional runoff. The amount of incremental runoff
created is directly linked to the amount of landscaping provided. The maximum fee possible is $9,000 per acre of land. This
would apply to a project with 20% or less landscaping. A project with 25% landscaping can,expect a fee of,$6,750 per acre,
30% would pay $6,300 per acre, and so on.
Residential: Projects pay a fee of $15,000 per acre foot of additional runoff. Incremental runoff is dependent upon the
density of a project and the amount of landscaping and open space provided. A high density project with 20% or less area in
landscaping could expect to pay $4,500 per acre. A type detached single - family subdivision would pay approximately $1,500
per acre.
�1�
Exhibit D
Status of Interfund Loans, Transfers, Refunds or Reallocation of Funds
Fiscal Year 2016 -17
Interfund Loans
The Storm Drainage Impact Fee find loaned the Storm Water Utility Operations fund $690,230 to cover storm water
maintenance costs from January 1, 2012 through June 30, 2013. Payment of principal and interest for FY 16 -17 was
$39,260. The balance as of June 30, 2017 is $565,077. This loan is scheduled to be repaid by June 30, 2026.
The Community Facilities Impact Fee fund loaned the Parks CIP Rind $40,015 through June 30, 2017 to renovate the
Swim Center pool heating boilers. All payment of principal and interest are payable upon receipt of the PG &E
General On -Bill Financing Loan described in Resolution No. 2011 -170 N.C.S. and 2013 -004 N.C.S.
There were no Transfers, Refunds or Reallocation of Funds during FY 16 -17.