REPORT TO THE CITY COUNCIL
FROM: SCOTT L. MOZIER, PE, Director
Public Works Department
BY: ANDREW J. BENELLI, PE, City Engineer/Assistant Director
Public Works Department, Traffic Operations & Planning Division
YVONNE L. DIAZ, Administrative Manager
Public Works Department, Administration Division
SUBJECT
Title
***RESOLUTION - adopting the 66th Amendment to the Annual Appropriation Resolution (AAR) No. 2021-178 to appropriate $41,000 for Supplemental Refunds and Reimbursements to approved Developers in the Urban Growth Management and Development Impact Fee Programs (Requires 5 Affirmative Votes) (Subject to Mayor's Veto)
Body
RECOMMENDATION
Staff recommends that the City Council adopt the 66th Amendment to the Annual Appropriation Resolution (AAR) No. 2021-178 to appropriate $41,000 for supplemental refunds and reimbursements to approved developers in the Urban Growth Management (UGM) and Development Impact Fee programs.
EXECUTIVE SUMMARY
Staff recommends the City Council appropriate $41,000 in UGM and Development Impact Fees toward supplemental reimbursements and refunds to eligible developers. Reimbursements will be made in accordance with the Fresno Municipal Code on first-in, first-out basis to developers who have completed their required construction of necessary infrastructure in excess of their fee obligation. Infrastructure types included in this supplemental developer reimbursement are streets and water main transmission grid. Funds are available in the UGM and Citywide Development Impact Fee programs for these appropriations.
BACKGROUND
Under the Governmental Accounting Standards Board's (GASB) Rule 34, any funds that are used to construct public infrastructure must be appropriated. UGM and Citywide Development Impact Fee programs revenue, which are used to reimburse developers who construct capital improvements on the City's behalf, are governed by this rule. Development impact fees are charged to new development in the...
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