HomeMy WebLinkAboutStaff Report 03/12/2001 (13) 12 •
CITY OF PETALUMA, CALIFORNIA •
MEMORANDUM
Finance Department, 1.1 English Street, Petaluma CA 94952
707-778-4352 Far 707=7,.'78-4428 E-mad financed ti petalutna ca.us
DATE: March 2, 2001
TO: Fred Stouder, City Manager
FROM: William J. Thomas, Finance Dire
SUBJECT: Discussion of Structure of Future AB`1"600 Reports Regarding Mitigation and
Impact Fees
The initial report regarding the above;waspresented to the Council at its November 6, 2000
meeting. 'That identified the following itetns that were required by Section 66006(b) of
the Government Code:
1. Amount of the fee
2. Beginning and ending balance ofthe account or fund
3. Amount of the fees.collected andthe-interest earned
4. An identification of eachpublic improvement on which fees were expended and the
amount of the expenditures on,each.improvernent, including-the total percentage of the
cost of the improvement thattwas funded With the fees.
5. An identification of an approximate date by which the construction of the public
improvement will commence if the local agency detetmines that sufficient funds have
been collected to complete'the financing of an incomiilete public improvement
6. A description of each Interfundtransfer 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 inter-fund loan the date on w hich the=loan.will be repaid'andthe rate of
interest the loantwill accrue
7. The amount of refunds of the:fee that were made
. The report provided that information.
The that was,provided;included fiscal years-ending in 1999 and 2000. It-was the first
report of this type that was provided to Council. It was suggested at the time the report was
issued that the City provide data for fiscal`'years:ending prior to 1999. -Althoughthis=maybe
possible to do, it would take considerable time to complete.
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