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HomeMy WebLinkAboutFiscal Year 2007/2008 Planned Local Drainage Facility Fund ACouncil/Agency Meeting Held: Deferred/Continued to: -*Appr ve ❑ Conditionally Approved ❑ Denied City er 's gnatur / Council Meeting Date: 4/6/2009 Department Number: PW 09-13 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY CO IL MEMBERS SUBMITTED BY: FRED A. WILSON, CITY ADMINIST R PREPARED BY: TRAVIS K. HOPKINS, PE, DIRECTO OF PU IC WORKS SUBJECT: Approve Developer Fee Funds Annual Compliance Reports Statement of Issue, Funding Source, Recommended Action, Alternative Action(s), Analysis, Environmental Status, Attachment(s) Statement of Issue: In accordance with the Huntington Beach Municipal Code and the California Government Code, the City Council must receive annual compliance reports on facilities improvement fees collected for development projects. The three funds with this requirement included Planned Local Drainage Facilities, Sanitary Sewer Facilities, and Fair Share Traffic Impact Mitigation Fee. Funding Source: No funding is required for the recommended action. Recommended Action: Motion to: 1) Approve the Planned Local Drainage Facility Fund Annual Compliance Report for Fiscal Year 2007/08; 2) Approve the Sanitary Sewer Facilities Annual Compliance Report for Fiscal Year ,5 L2007/08; 3) Approve the Fair Share Traffic Impact Mitigation Fee Annual Compliance Report for Fiscal Year 2007/08. Alternative Action(s): Recommend revisions to any of the reports. REQUEST FOR CITY COUNCIL COUNCIL ACTION MEETING ®ATE: 4/2/2009 DEPARTMENT IC NUMBER: PW 09-13 Analysis: The three funds included in this report are comprised of fees paid by developers. Use of the funds is restricted to making system improvements as outlined in the respective master plans. Information contained in the reports conforms to the requirements of the Huntington Beach Municipal Code regarding revenues and expenditures in each fund. Public Works Commission Action: The Public Works Commission reviewed each report on March 18, 2009 and recommended approval by a vote of 7-0-0. Strategic Plan Goal: 1-1 Improve the City's plan for funding and completing infrastructure needs, and develop strategies for resolving crucial infrastructure problems to preserve the physical foundation of the community and enable to community's value to grow. Environmental Status: Not applicable. Attachment(s): .2. 3/20/2009 8:39 AM ATTACHMENT #1 Planned Local Drainage Facilities Fund Annual Compliance Report Fiscal Year 2007108 The Planned Local Drainage Facilities Fund (Drainage Fund) is a development fee that is restricted to use for drainage enhancements. Section 14.48.050 (d) requires the City Council to review the status of compliance with this Chapter, including the revenues collected and the funds expended. The following information conforms to the requirements of the HBMC regarding revenues and expenditures of the Drainage Fund. Although the reporting requirement became effective with the adoption of the revised ordinance in September 2006, the Drainage Fund has existed since 1975. The following information covers Fiscal Year 2007/08. Fiscal Status As the result of project costs overruns for the Shields Pump Station in Fiscal Year 2001 /02, the Drainage Fund maintains a negative balance of ($667,000). The Drainage Fund advanced $250,000 to the Redevelopment Agency for improvements in the early 1990s. With interest, the debt amount is currently $767,000. Revenues Revenue for FY 2007/08 from development was $96,913. Interest to the fund was debited for a reduction of ($30,180). Expenditures No expenditures were made, or are planned for the Drainage Fund. Conformance with Program Goals and Objectives The Drainage Fund is intended to implement the goals and objectives of the current Drainage Master Plan. Funds collected and deposited to the fund may be expended solely for the construction or reimbursement for construction of drainage facilities. The Fund is in compliance with these requirements. Rate Schedule Fiscal Year 2007/08 Drainage Fees: $12,965 per acre