CITY COUNCIL REGULAR MEETING AGENDA PACKET

Page 6 of 7 Amount collected in previous fiscal years subject to 5-year limitation: $695,443 Funds are committed to the following project: • Expand Parking on Downtown Transportation Corridor (Phase II) Description: A public parking lot on the transportation corridor between Abbie Street and Neal Street. The project replaces an existing gravel parking lot that has a one-way drive isle. The new parking lot will be similar to the Firehouse Arts Center parking lot with a two-way drive isle, ninety-degree parking on each side, walk path and landscaping. The project requires drainage improvements, stormwater treatment facilities, curb, gutter, new asphalt and striping. Approximate project completion date: Ongoing Project cost: $4,000,000 Source of funding: Downtown Parking In-Lieu and General Fund CIP % funded by development impact fees: TBD Lower Income Housing Fund (Fund 122) Amount collected in previous fiscal years subject to 5-year limitation: $4,752,678 • The Lower Income Housing Fee, not subject to AB 1600 requirement, will continue to be collected to provide services and programs for lower income households, including Rapid Re-Housing Program, Housing Rehabilitation Program, First-Time Homebuyer Program, Down Payment Assistance Loan Program and others, in partnership with a number of local, non-profit organizations. Additionally, any potential affordable housing related projects are continuing to be explored. Funds Subject to AB 1760 The City utilizes the following funds to track development related revenues subject to AB 1760: Water and Sewer Expansion Funds (Funds 422 and 432) – These funds are utilized to account for water and sewer connection fees. When a project serves both new and existing development, only the portion related to new development is charged against these funds; the other portions of the project are funded by other sources, such as revenue from the rate payer funded Repair and Replacement Funds (Replacement Funds). The Replacement Funds are accounted for separately (Funds 422 and 432). Fund balance, revenues, expenditures and transfers for Funds 422 and 432 for fiscal years 2019/20 through 2023/24 are detailed in Attachment 3. The following is a summary by fund of the projects that the City is committed to complete in coming years with available water and sewer connection fees: Water Expansion Fund (422) • City Ground Water Supply – Project #24174 Description: The project includes the City constructing its own wells and required distribution piping to tie into system, or joint wells with Zone 7 and upsizing distribution piping so it can be received from turnouts, re-establishing the City’s 3500 acre-feet groundwater allotment. Approximate project completion date: Ongoing Project cost: $26,500,000 Source of funding: Water Expansion Fees (14%); Water Replacement Fund (86%) % funded by development impact fees: 14% Page 244 of 893