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CC Resolution No. 17-112 Approving the Annual and Five Year Development Impact Fee Reports and Making Required FindingsRESOLUTION NO. 17-112 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO APPROVING ANNUAL AND FIVE-YEAR DEVELOPMENT IMPACT FEE REPORTS AND MAKING REQUIRED FINDINGS WHEREAS, the Mitigation Fee Act (Government Code Section 66000 et seq.) requires that an annual report regarding development impact fees be submitted to the City Council at a regularly scheduled public meeting; and WHEREAS, Government Code Section 66001(d) further provides that the City must, on a five- year basis, make certain findings with respect to unexpended development impact fees; and WHEREAS, the attached report entitled City of Cupertino -AB 1600 -Mitigation Fee Act Annual & Five Year Report for the fiscal year ended June 30, 2017 (the" Annual and Five-Year · Report") comprises the annual and five-year reports required by the Mitigation Fee Act and contains substantial evidence to make the findings required by Section 66001( d); and NOW, THEREFORE, BE IT RESOLVED: 1 . The foregoing recitals are true and correct and incorporated into this resolution by this reference. 2. The City Council hereby approves the Annual and Five-Year Report, which contains the annual and five-year reports under the Mitigation Fee Act. 3. The City Council hereby adopts the findings required by Government Code 66001( d) as stated in the Five-Year Reporting and Findings Requirement section of the Annual and Five-Year Report, which demonstrates that, for each account or fund: a. The purpose of each fund is described in the Annual and Five-Year Report. b. A reasonable relationship exists between the fee charged to development projects and the purpose for which it is charged, based on the substantial evidence contained in the Annual and Five-Year Report. c. For each fund, the Annual and Five-Year Report identifies all sources and amounts of funding anticipated to complete the financing of incomplete improvements. d. For each fund, the Annual and Five-Year Report designates the approximate date on which the funding needed is expected to be deposited into the fund. Resolution No. 17-112 Page 2 PASSED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 21st day of November, 2017, by the following vote: Vote Members of the City Council A YES: Vaidhyanathan, Paul, Chang, Scharf, Sinks NOES: None ABSENT : None ABSTAIN: None ATTEST: APPROVED: fuc~1¥l4d Grace Schmidt, City Clerk -4~~~a""<~ Savita Vaidhyana ~ayor, City of Cupertino Attachment A City of Cupertino AB 1600 -Mitigation Fee Act Annual & Five Year Report for the fiscal year ending June 30, 2017 Dept.: Community Development Project: Below Market Rate (BMR) Housing Mitigation Fee Local Authority: Information on the City's BMR Housing Mitigation Fee is provided as a courtesy. The City of Cupertino has collected BMR mitigation fees from commercial and residential developments since 1992 based on nexus studies conducted at that time. On May 5, 2015, the City Council adopted Resolution 15-036, accepting three reports from Keyser Marston Associates, Inc . (KMA) Summary and Recommendations BMR Housing Mitigation Program, Non-Residential Jobs- Housing Nexus Analysis, and Residential BMR Housing Nexus Analysis) which collectively form the City's Nexus Study justifying the current residential and non-residential Housing Mitigation Fees. Per Resolution 16-050, the City Council adopted the updated BMR residential and non-residential ( office, research and development, industrial, hotel, retail and commercial) Housing Mitigation Fees for purposes of this reporting year (July 1, 2016 -June 30 , 2017). The fiscal year 2016-17 BMR Housing Mitigation Fee amounts are being reported below. Voluntary Five Year Reporting & Findings Requirement: 1. The purpose of the BMR Housing Mitigation Fee is to help mitigate the need for affordable housing as a result of new residential and non-residential development within the City of Cupertino. The requirements for applicability to the BMR Housing Mitigation Fees are set forth in the City's adopted BMR Housing Mitigation Program Procedural Manual. The BMR Housing Mitigation Fee schedule is as follows : Page 11 Residential (per sq. ft.) - Detached Single Family Small Lot Single Family or Town home Multi-Family Attached Town home or Condo Multi-Family Apartment (1 to 35 du/ac) Multi-Family Apaiiment (over 35 du/ac) Non-Residential (Per sq.ft.) - Office, Research & Development, Industrial Hotel, Commercial or Retail $15.48 $17.03 $20.64 $20.64 $25.80 $20.64 $10 .32 BMR Housing Mitigation Fees were used to fund staff and administrative time, legal and professional services , BMR housing placement services , rental mediation, contract services, Nexus Study update and a Consolidated Plan. In addition, $3,672,000 was reserved for pm-chase of an affordable housing site by Charities Housing. The fees in the BMR Fund include funds paid to the City as conditions of development agreements. Although these fees are included in the tables below, there is no requirement to prepare a five-year report regarding fees obtained through a development agreement. Attachment A Fees collected through Development Agreements: Apple Campus 2 -Ordinance 13-2114: Resolution Approving Apple Campus 2 Development Agreement -Section 3.2 ($5,008,050 collected) 2. A reasonable relationship exists between the BMR Housing Mitigation Fee and the purpose for which the fee was charged. The need for the BMR Housing Mitigation fees, as they were identified when the fee was enacted, remains. See, Keyser Marston Associates , Inc. 's Summary and Recommendations Below Market Rate Housing Mitigation Program. Five-Year Report Incomplete Project that Was Identified When Imposing the Fee: Sources and Estimated Total Fund O/o Amounts of Date for Estimated Estimated Project Description Estimated Balance Expected Funding Funding to Beginning Completion Cost* 6/30/2017 to be Anticipated be Deposited Date Date Funded to Complete in Fund by Fees the Project Below Market Rate -Housing -- $160 ,300,000 $7,195 ,642 100 % Additional As projec ts Ongoing Ongoing Developer develop! -eontributions ,edevelop --Mi-tig-a-t-ion State and fee Federal tax credits , loans and grants * Based on RHNA allocation and affordability gaps estimated in the nexus study: Very low income units (356) x $241 ,000/unit = $87 .8 million . Low income units (207) x $213 ,000/unit = $44.1 million. Moderate income units (231) x $123 ,000/unit = $28.4 million. Total= $160.3 million. Page J 2 Annual Report Amount of Fee: Based on adopted Fee Schedule FY2016-l 7 Page f 3 Trust Fund Activi Balance at 7/1/2016 Fees Collected Interest Expended Subtotal Refunded Reserved Unrestricted balance at 6/30/2017 Fiscal Year $11,336,550 $39,000 * $94,339 ($39 ,941) ($235 ,878) ($123,301) ($203 ,187) ($602,307) 0 ($3 ,672,000) $7,195,642 Purpose of Expenditure Staff and administration Legal and professional services Housing placement services Rental mediation services/contract services Reserved for purchase of affordable housing site by Charities Housing *-Includes funds collected by Development Agreement Attachment A Attachment A Dept.: Public Works Project: Park Dedication In-Lieu Fee Local Authority: City of Cupertino: Municipal Code, Chapter 13.08 Five Year Reporting & Findings Requirement: 1. The purpose of the Park Dedication Fee is to help mitigate the need for additional outdoor recreational area for new residential development within the City of Cupertino. The requirements for applicability to the Park Dedication Fees are set forth in the City 's Municipal Code, Chapter 13.08, and the fee was adopted under the provisions of the Mitigation Fee Act. The Parkland Dedication Fee is based on the fair market value of land within the City of Cupertino. Land values are appraised bi-annually, and the Park Dedication Fees a re updated accordingly . Park Dedication Fees are used to fund parkland acquisitions and impro v ements to park and recreational facilities . The fees in the Park Dedication table below include funds paid to the City as a condition of development agreements . Although these fees are included in the tables below , there is no requirement to prepare a five-year report regarding fees obtained through a development agreement. In addition, this table includes adopted fees imposed as a condition of development. -Pees c0Ilected1lrrougfi1Jeve opment A greement s: Apple Campus 2: Ordinance 13-2114: Resolution Approving Apple Campus 2 Development Agreement -Section 3.7 ($8,270,994 collected) 2. A reasonable relationship exists between the Park Dedication Fee and the purpose for which the fee is charged , as additional parkland a nd facilities are needed to offset the increase in population that additional residential units impacts . The need for the Park D edication fees, as they were identified when the fee was enacted , remains , as the City 's current park area per resident does not yet meet the park acreage standard in the Park Dedication Fee ordinance and as development continues to occur. 3 . The sources and amounts of funding anticipated to complete the financing of the Park Dedication are identified below: • Developer Fair-Share Contributions from all projects tha t add residences. 4 . The appro ximate dates on which th e funding fo r th e needed park a cquisition and improvements is expected to be deposited into the appropriate account are identified in the Five-Year Report on the next page . Page 14 Five-Year Report Incomplete Project that Was Identified When Imposing the Fee: Sources and Estimated Total Fund O/o Amounts of Date for Project Estimated Balance Expected Funding Funding to Description Cost 6/30/2017 to be Anticipated be Funded to Complete Deposited by Fees the Project in Fund Lawrence-$8,270,994 $1,022,526 100% Project is Fall 2018 Mitty Park fully funded Annual Report Amount of Fee: Based on Fair-Market Value of land, through land appraisal FY2016-l 7 Page I 5 Trust Fund Activit Balance at 7/1/20 16 Fees Collected Interest Expended Subtotal Refunded Reserved Balance at 6/30/2017 Fiscal Year $9 ,091 ,485 $152 ,250 * $76,824 ($4,924) ($22 ,115) ($27,039) 0 ($8 ,270 ,994) $1,022 ,526 Purpose of Expenditure Staff and Administration Contract Services Reserved for purchase and construction of Lawrence-Mitty Park *-Includes funds collected by Development Agreement and other developments Attachment A Estimated Beginning Date Spring 2015 Estimated Completion Date Summer 2020 Attachment A Dept.: Public Works Prnject: N. Stelling/1-280 Bridge Pedestrian Lighting & Upgrades Local Authority: EXC-2007-06: Condition of Approval No. 21 TM-2007-02: Condition of Approval No. 24 Five Year Reporting & Findings Requirement: 1. The purpose of the N. Stelling/I-280 Bridge Pedestrian Lighting & Upgrades fee is to enhance the pedestrian walkway along the east and west side of the North Stelling Road bridge that crosses over Interstate 280 . Public facilities to be funded with the fees were described in: a. Villa Serra Apartments: ASA-2007-03: Condition of Approval No. 21, dated July 13, 2007 for Architectural Site Approval ($25,000 collected) b. Las Palmas Subdivision: TM-2007-02: Condition of Approval No. 24, dated July 18, 2007 for Tentative Map Application ($25,000 collected) 2. A reasonable relationship exists between the North Stelling fee and the purpose for which the fee was charged in that new deve lopment in the vicinity of the bridge increases pedestrian traffic across the bridge. The need for improvements to the bridge, that were identified during the ~r...e-view-of the-two-projects,_remains,_as_theJnidge__exp_erienc_es_in.creas_ed _pe_destrianJraf:fu:_due to __ · the two projects. 3. The sources and amounts of funding anticipated to complete the financing of the bridge improvements are identified below: • It is anticipated that the City of Cupertino General Fund will be used to supplement revenue from fees. 4. The approximate dates on which the funding for the bridge improvements is expected to be deposited into the appropriate account are identified in the Five-Year Report below. Five-Year Report Incomplete Project that Was Identified When Imposing the Fee: Sources and Estimated Total Fund % Amounts of Date for Estimated Estimated Project Estimated Balance Expected Funding Funding to Beginning Completion Description Cost 6/30/2017 to be Anticipated be Deposited Date Date Funded to Complete in Fund by Fees the Project Pedestrian $100,000 $49 ,578 50 % Anticipated Spring/2018 Summ er/2018 Fa///2018 Lighting & that City will Upgrades-fund the N. Stelling/ remaining 1280 Bridge cost of the project Page 16 Attaclunent A Annual Report Amount of Fee: 25% Contribution to the total cost, based on estimated four projects contributing to improvement. FY 2016-17 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activitr Year Balance at $ 49 ,137 Amount $ - 7/1 /2016 Fees Collected 0 $ 50 ,000 Repayment Date na (est.) Interest $491 $3,128 Expended $50 ($3,550) Refunded 0 0 Balance at $49,578 $49 ,578 6/30/2017 Page 17 Attachment A Dept.: Public Works Project: De Anza/McClellan/Pacifica signal modification Local Authority: TM-2002-02: Condition of Approval No . 23 Five Year Reporting & Findings Requirement: 1. The purpose of the De Anza/McClellan/Pacifica signal modification is to study and redesign the traffic signal to impro ve the efficiency of the intersection. Public facilities to be funded with the fees were described in: a. Cupertino Town Square: TM-2002-02: Condition of Approval No. 2, dated July 15 , 2003 for Tentative Map application ($145,700 collected) 2. A reasonable relationship exists between the De Anza/McClellan/Pacifica signal modification contribution and the purpose for which the fee was charged, in that the new development introduces additional vehicular and pedestrian traffic to the intersection. The need for improvements to the intersection and the traffic signal, as they were identified during the review of the project, remains. The intersection continues to run less efficiently than other intersections in the area. 3. The sources and amounts of funding anticipated to complete financing of the intersection improvements are identified below : • Developer Fair-Share Contributions from other projects that contribute traffic to the intersection. 4. The approximate dates on which the funding for the bridge improvements is expected to be deposited into the approp1iate account are identified below. Five-Year Report Incomplete Project that Was Identified When Imposing the Fee: Sources and Total Fund O/o Amounts of Project Estimated Balance Expected Funding Description Cost 6/30/2017 to be Anticipated Funded to Complete by Fees the Project Traffic Signal $6 00 ,000 $158 ,8 09 100% Additional & Intersection Developer Improvements Contribution De Anza Blvd/ s are needed McClellan Rd/ to co mplete Pac ifica Ave the project Page I 8 Estimated Date for Funding to be Deposited in Fund D eve lop er co ntributions obtained when adjacent properties redevelop . A nticipated Summer/2020 Estimated Beginning Date Fall/2020 Estimated Completion Date Winter/2021 Attachment A Annual Report Amount of Fee: 25% Contribution to the total cost based on estimated contribution of four projects . FY2016-l 7 Page 19 Trust Fund Activity Balance at 7/1 /2016 Fees Collected Interest Expended Refunded Balance at 6/30/2017 Fiscal Year $157,237 0 $1 ,572 0 0 $158,809 Purpose of Inception Expenditure To Date Loans/Transfers Amount $- $ 145 ,700 Repayment Date na (est.) $13 ,109 0 0 $158,809 Attachment A Dept.: Public Works Project: DeAnza/Homestead southbound right-turn lane upgrade Local Authority: Sunnyvale Town Center -Environmental Impact Report Five Year Reporting & Findings Requirement: 1. The purpose of the DeAnza/Homestead southbound right tum lane upgrade fee is to contribute the project's fair share toward the study, design and construction of right-of-way improvements at the intersection of DeAnza Blvd and Homestead Road. Public facilities to be funded with the fees were described in: a. Sunnyvale Town Center Environmental Impact Report ($75,924 collected) 2 . A reasonable relationship exists between the DeAnza/Homestead southbound right tum lane upgrade and the purpose for which the fee was charged, in that traffic generated by the development has an impact to the intersection. The Environmental Impact Report assessed the impact the development had to the intersection and compared the project's impact to the estimated cost of $333,000. The need for improvements to the intersection, as they were identified during the review of the project, remains. The Sunnyvale Town Center and further growth in the area continues to impact the intersection. 3 . The sources and amounts of funding anticipated to complete the improvements are identified below: • Apple Campus 2 project will complete the funding and the construction of the improvement. The contribution provided by the Sunnyvale Town Center development will be utilized in the completion of this work. 4. The approximate dates on which the funding for the intersection improvements is expected to be deposited into the appropriate account are identified below. Five-Year Report Incomplete Project that Was Identified When Imposing the Fee: Sources and Estimated Total Fund O/o Amounts of Date for Estimated Estimated Project Estimated Balance Expected Funding Funding to Beginning Completion Description Cost 6/30/2017 to be Anticipated be Date Date Funded to Complete Deposited by Fees the Project in Fund DeAnza/ $333,000 $78,084 100 % Apple Spring/20 18 Summer/2017 Spring/2018 Homestead Campus 2 to southbound provide right tum land remaining up gra de funds and construct the project. Page I 10 Attachment A Annual Report Amount of Fee: Based on project impact as shown in EIR. $75 ,924 from Sunnyvale Town Center; remainder from Apple 2 campus . FY 2016-17 Page I 11 Trust Fund Activity Balance at 7/1/2016 Fees Collected Interest Expended Refunded Balance at 6/30/2017 Fiscal Year $77 ,311 0 $773 0 0 $78 ,084 Purpose of Inception Expenditure To Date Loans/Transfers Amount $ - $75 ,924 Repayment Date na (est.) $2 ,160 0 0 $78,804 Attachment A Dept.: Public Works Project: Stevens Creek Blvd. and Bandley Drive Signal Improvements Local Authority: ASA-2011-12 : Condition of Approval No. 43 Five Year Reporting & Findings Requirement: 1. The purpose of the Stevens Creek Blvd and Bandley Drive Traffic Signal Improvement fee is to partially fund upgrades to the traffic signal in order to improve the efficiency of the intersection. Public facilities to be funded with the fees were described in: a . Cupertino Crossroads: ASA-2011-12: Condition of Approval No. 43dated November 17, 2011 for Architectural Site Approval ($25,000 collected) 2. A reasonable relationship exists between the Stevens Creek Blvd . and Bandley Drive Signal Improvements fee and the purpose for which the fee was charged, in that the new development has a driveway that connects directly to the signalized intersection and the development will introduce additional vehicular and pedestrian traffic to the intersection. The need for the improvements to the intersection, which were identified during the review of the project, remains . 3. The sources and amounts of funding anticipated to complete financing of the signal upgrades improvements are identified below : • Developer Fair-Share Contributions from other projects in the vicinity of the intersection. 4. The approximate dates on which the funding for the signal improvements is expected to be deposited into the appropriate account are identified below . Five-Year Report Incomplete Project that Was Identified When Imposing the Fee: Sources and Estimated Total Fund O/o Amounts of Date for Estimated Estimated Project Estimated Balance Expected Funding Funding Beginning Completion Description Cost 6/30/2017 to be Anticipated to be Date Date Funded to Complete Deposited by Fees the Project in Fund Stevens Creek $185 ,000 $25,658 100 % Additional Fall/20 19 Spring/2020 Summ er/2020 Blvd and Developer Bandley Contributions Drive Signal are needed to Improvements complete the project Page I 12 Attachment A Annual Report Amount of Fee: Contribution from expected nearby developments, based on estimated addition of traffic to intersection. FY2016-l 7 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activi!I Year Balance at $25,404 Amount $ - 7/1 /2016 Fees Collected 0 $ 25,000 Repayment Date na (est.) Interest $254 $658 Expended 0 0 Refunded 0 0 Balance at $25 ,658 $25 ,658 6/30/2017 Page/ 13 Attachment A Dept.: Public Works Project: Traffic Mitigation at Homestead Rd and Lawrence Expressway Local Authority: TM-2012-04: Condition of Approval No. 87 Five Year Reporting & Findings Requirement: Provided for information only. Five years have not elapsed since initial deposit. 1. The purpose of the Traffic Mitigation at Homestead Rd and Lawrence Expressway fee is to fund improvements to the intersection in order to address traffic impacts from the project. Public facilities to be funded with the fees were described in: a. Main Street Cupertino: TM-2012-04: Condition of Approval No. 87, dated September 20, 2012 for Tentative Map application ($400,000 collected) 2. A reasonable relationship exists between the Traffic Mitigation at Homestead Rd and Lawrence Expressway fee and the purpose for which the fee was charged, in that the development, in the vicinity of the intersection, introduces additional traffic to the intersection . The County of Santa Clara has estimated a cost to upgrade the intersection, and the Environmental Impact Report assessed a fair share contribution from the project to address its portion of the impact. The need for improvements to the intersection, as they were identified during the review of the project, remams. 3. The sources and amounts of funding anticipated to complete financing of the intersection improvements are to be identified by the County of Santa Clara. 4. The approximate dates on which the funding for the intersection improvements is expected to be deposited into the appropriate account are identified below . Five-Year Report Incomplete Project that Was Identified When Imposing the Fee: Sources and Estimated Total Fund O/o Amounts of Date for Estimated Estimated Project Estimated Balance Expecte Funding Funding to Beginning Completion Description Cost 6/30/2017 d to be Anticipated be Date Date Funded to Complete Deposited by Fees the Project in Fund Traffic $4,000,000 $409,047 100% To be When Fall/2019 Summ er/2020 Mitigation at determined adequate Homestead by the funds have Rd and County of been Lawrence Santa Clara acquired by Expressway th e County Bridge to begin th e project. Anticipated Summ er/ 2019 Page I 14 Attachment A Annual Report Amount of Fee: Based on Fair-Share Contribution assessed by Environmental Impact Report FY2016-l 7 Page I 15 Trust Fund Activity Balance at 7/1/2016 Fees Collected Interest Expended Refunded Balance at 6/30/2017 Fiscal Year $404 ,997 0 $4,050 0 0 $409 ,047 Purpose of Inception Expenditure To Date Loans/Transfers Amount $- $400,000 Repayment Date na (est.) $9,047 0 0 $409 ,047 Attachment A Dept.: Public Works Project: Traffic Calming to Mitigate Impacts from Main Street Cupertino Local Authority: TM-2012-04: Condition of Approval No. 93 Five Year Reporting & Findings Requirement: Provided for information only. Five years have not elapsed since initial deposit. 1. The purpose of the Traffic Calming to Mitigate Impacts from Main Street Cupertino fee is to help mitigate traffic impacts in the adjacent neighborhoods resulting from the project, for a period of 5 years following project occupancy. Public facilities to be funded with the fees were described in : a. Main Street Cupertino: TM-2012-04: Condition of Approval No. 93 dated 9/20/2012 for Tentative Map application ($100,000 collected). 2. A reasonable relationship exists between the Traffic Calming fee and the purpose for which the fee was charged, in that the development introduces additional traffic to the surrounding neighborhoods . The City will utilize the funds as needed to address traffic impacts to the surrounding neighborhoods, for a period of 5-years after occupancy. 5 . The sources and amounts of funding anticipated to complete financing of the traffic calming mitigations were collected with the project ($100,000). 3 . The approximate dates on which the funding for the improvements is expected to be deposited into the appropriate account are identified below. Five-Year Report Incomplete Project that Was Identified When Imposing the Fee: Sources and Estimated Total Fund O/o Amounts of Date for Estimated Estimated Project Estimated Balance Expected Funding Funding to Beginning Completion Description Cost 6/30/2017 to be Anticipated be Deposited Date Date Funded to Complete in Fund by Fees the Project Traffic $102 ,262 $102 ,262 100% Project fully F ees have Fall/2017 Summ er/2 022 Calming funded been along collected. Rodrigues Anticipated Ave. and initiation of Pacifica Dr. project is Summ er/2 01 7 Page I 16 Annual Report Amount of Fee: Estimated Full Cost of the Study and potential improvements. FY2016-17 Trust Fund Activity Balance at 7/1 /2016 Fees Collected Interest Expended Refunded Balance at 6/30/2017 Page I 17 Fiscal Year $101,250 0 $1,012 0 0 $102,262 Purpose of Inception Expenditure To Date Amount $100,000 Repayment Date ( est.) $2,262 0 0 $102,262 Attaclunent A Loans/Transfers $ - na Attachment A Dept.: Public Works Project: Creek Trail Improvements along Calabazas Creek Local Authority: TM-2012-04: Condition of Approval No . 47 Five Year Reporting & Findings Requirement: Provided for information only. Five years have not elapsed since initial deposit. 1. The purpose of the Creek Trail Improvements along Calabazas Creek contribution is to administer a creek trail plan, the necessary approvals and improvements for a new trail along Calabazas Creek from Valko Parkway to Interstate 280. Public facilities to be funded with the fees were described in: a. Main Street Cupertino: TM-2012-04 : Condition of Approval No. 47 dated September 20, 2012 for Tentativ e Map application ($65,000 collected) 2. A reasonable relationship exists between the Creek Trail Improvements along Calabazas Creek Fee and the purpose for which the fee was charged in that development in the vicinity of the proposed creek trail introduces additional pedestrian traffic to the area, causing the need to provide additional and alternative means of pedestrian access and recreation to new residents and visitors to the development. The need for a new creek trail, as it was identified during the review of the project , remains. 3. The sources and amounts of funding anticipated to complete financing of the project are identified below: • Developer Fair-Share Contributions from other projects in the vicinity of the proposed creek trail location 4. The approximate dates on which the funding for the bridge improvements is expected to be deposited into the appropriate account are identified in the Five-Year Report on the next page. Page I 18 Attachment A Five-Year Report Incomplete Project that Was Identified When Imposing the Fee: Sources and Estimated Total Fund % Amounts of Date for Estimated Estimated Project Estimated Balance Expected Funding Funding to Beginning Completion Description Cost 6/30/2017 to be Anticipated be Deposited Date Date Funded to Complete in Fund by Fees the Project Creek Trail $195 ,000 $66 ,471 100 % Additional D evelop er Spring/2021 Summ er/2021 Improvements Developer contributions along Contributions obtain ed Calabazas are needed to wh en Creek complete the adja cent project properti es rede ve lop . Antic ipated Summ er/2020 Annual Report Amount of Fee: Contribution equivalent to 1/3 of the estimated cost of creek trail plan FY2016-l 7 Trust Fund Activity Balance at 7/1/2016 Fees Collec ted Interest Expended Refunded Balance at 6/30/2017 Pag e I 19 Fiscal Year $ 65 ,831 0 $658 0 0 $ 66 ,4 7 1 Purpose of Inception Expenditure To Date Loans/Transfers Amount $ - $ 65 ,000 Repa yment Date na (est.) $1,471 0 0 $66 ,471 Attachment A Dept.: Public Works Project: Parking Conversion Fund along Valko Parkway Local Authority: TM-2012-04 : Condition of Approval No. 67 Five Year Reporting & Findings Requirement: 1. The purpose of the Parking Conversion Fund along Vall co Parkway is to enable the City to conve rt the angled parking spaced along the south side ofVallco Parkway to parallel parking spaces and an additional east-bound traffic lane. Public facilities to be funded with the fees were described in: a. Main Street Cupertino: TM-2012-04: Condition of Approval No . 67 dated 9/20/2012 for Tentative Map app lication ($450 ,000 collected) 2 . A reasonable relationship exists between the Parking Conversion Fund along Vallco Parkway and the purpose for which the fund was collected in that new development is a djacent to this section of Vallco Parkway, and the development reduced the number of east-bound lanes a part of their project. The Fund will permit the City to reestablish the east-bound lane that was lost, due to the development, should it be found that the additional lane is necessary to serve the public . The fund is based on the estimated cost to perform the work. The need for the funds, that were identified when the funds was imposed, remain, as the development project has not yet been completed, and the full impact of traffic to this portion of road has not yet materialized. 3 . The sources and amounts of funding anticipated to complete financing of the conversion were collected with the project ($450 ,000). 4 . The approximate dates on which the funding for the conversion is expected to be deposited into the appropriate account are identified below . Five-Year Report Incomplete Project that Was Identified When Imposing the Fee: Project Description P arking Conversion Fund a long Vallco P arkway P age I 20 Total Fund Estimate d Cost $460 ,178 Balance 6/30/2017 $460 ,178 O/o Expecte d to be Funded by Fees 100 % Sources and Estimated Amounts of Date for Funding Funding to Anticipated be Deposited to Complete in Fund the Project No Fees ha ve additiona l been co llected. funds A nticipated needed at initiatio n of this time. project is Fa l//20 17 Estimated Estimated Beginning Completion Date Date Fall/2017 Fall/2022 Annual Report Amount of Fee: Estimated Full Cost of the potential improvements . FY2016-l 7 Trust Fund Activity Balance at 7/1 /2016 Fiscal Year $455,622 Purpose of Inception Expenditure To Date Amount Fees Collected 0 $450,000 Repayment Date Interest Expended Refunded Balance at 6/30/2017 Page I 21 $4,556 0 0 $460,178 (est.) $10,178 0 0 $460,178 Attachment A Loans/Transfers $- na Attachment A Dept.: Public Works Project: Funding of Neighborhood Cut-through Traffic and Parking Intrusion Monitoring Local Authority: TM-2011-03: Condition of Approval No. 49 Five Year Reporting & Findings Requirement: Provided for information only. Five years have not elapsed since initial deposit. 1. The purpose of the Funding of Neighborhood Cut -through Traffic and Parking Intrusion Monitoring Fee is to monitor and address traffic and parking intrusion, in neighborhoods adj acent to the project site, due to the practices of employees who will work at the project site. Public facilities to be funded with the fees were described in: a. Apple Campus 2: Ordinance 13-2114: Resolution Approving Apple Campus 2 Development Agreement -Section 3.13 and TM 2011-03: Condition of Approval No . 49 dated 10 /15 /2013 for Tentative Map Application ($850,000 collected) 2 . A reasonable relationship exists between the Funding of Neighborhood Cut-through Traffic and Parking Intrusion Monitoring fee and the purpose for which the fee was charged in that the traffic from the development, for which the fee is to be used to monitor, has not yet materialized because the development has not been fully constructed or occupied . The City will begin monitoring activities in the fall of 2017 . The $850,000 fee was based on an estimate of the cost to perform the monitoring and make minor modifications to address traffic and parking intrusion concerns. The need for traffic and parking intrusion monitoring, as it was identified during the review of the project, remains. The traffic , for which the fees are to be used to monitor, has not yet mater ialized . 3. The sources and amounts of funding anticipated to complete monitoring and improvements were collected with the project ($850 ,000). 4. The approximate dates on which the funding for the monitoring is expected to be deposited into the appropriate account are identified below. Five-Year Report Incomplete Project that Was Identified When Imposing the Fee: Sources and Estimated Total Fund O/o Amounts of Date for Estimated Estimated Project Estimated Balance Expected Funding Funding to Beginning Completion Description Cost 6/30/2017 to be Anticipated to be Date Date Funded Comple te the Deposited by Fees Project in Fund Funding of $86 9 ,22 3 $869 ,22 3 100 % N o additi ona l F all/ 2 017 Summ er/2 01 7 Wi nter/2020 Ne ighb orho od fund s nee ded Cut-through at thi s time . Traffi c and P arkin g Intms ion Mo nitorin g Pag e 122 Annual Report Amount of Fee: Estimated Full Cost of the Study and potential impro vements . FY2016-l 7 Page/ 23 Trust Fund Activity Balance at 7/1 /2016 Fees Collected Interest Expended Refunded Balance at 6/30/2017 Fiscal Year $860,617 0 $8 ,606 0 0 $869 ,223 Purpose of Inception Expenditure To Date Amount $850 ,000 Repayment Date ( est.) $19 ,223 0 0 $869 ,223 Attaclunent A Loans/Transfers $ - na Attachment A Dept.: Public Works Project: Implement a Traffic-Adaptive Traffic Signal System along De Anza Blvd Local Authority: TM-2011-03: MitigationTRANS -13c Five Year Reporting & Findings Requirement: Provided for information only. Five years have not elapsed since initial deposit. · 1. The purpose of the Traffic-Adaptive Traffic Signal System along De Anza Blvd fee is to implement traffic-adaptive technology to the traffic signals along DeAnza Blvd within the jurisdiction of the City of Cupertino. Public facilities to be funded with the fees were described m: a . Apple Campus 2: Ordinance 13-2114: Resolution Approving Apple Campus 2 Development Agreement -Section 3.13 and TM-2011-03: Mitigation TRANS-13c, dated 10 /15/2013 for Tentative Map application ($50,000 collected) 2. A reasonable relationship exists between the traffic-adaptive traffic signal system along De Anza Blvd fee and the purpose for which the fee was charged in that new development will introduce additional traffic to DeAnza Boulevard, and more efficient traffic signal timing will be needed to address the additional traffic . The fee was based on a fair-share contribution of the estimated total cost to install the traffic-adaptive technology . The need for traffic-adaptive technology, as it was identified during the review of the project, remains . 3. The sources and amounts of funding anticipated to complete the traffic -adaptive technology upgrades will be provided through fair-share contributions from other developers that impact the corridor. 4 . The approximate dates on which the funding for the traffic adaptive technology is expected to be deposited into the appropriate account are identified below. Five-Year Report Incomplete Project that Was Identified When Imposing the Fee: Project Description Traffic- Adaptive Traffic Signal System along De Anza Blvd Pagel24 Total Fund Estimated Cost $2 50 ,000 Balance 6/30/2017 $51 ,131 O/o Expected to be Funded by Fees 100 % Sources and Amounts of Funding A nticipated to Complete the Project Fair share contributions from other deve lopers that imp act the corridor Estimated Date for Estimated Estimated Funding to Beginning Completion be Deposited Date Date in Fund D evelop er Fall/2020 Winter/2021 co ntribution s obtain ed when adjacent properties redeve lop . Anticipated S umm er/2020 Annual Report FY2016-l 7 Trust Fund Activity Balance at 7/1 /2016 Fees Collected Interest Expended Refunded Balance at 6/30/2017 Page I 25 Fiscal Year $ 50 ,625 0 $506 0 0 $51 ,131 Attachment A Purpose of Inception Expenditure To Date Loans/Transfers Amount $- $50,000 Repayment Date na (est.) $1,131 0 0 $51 ,131 Attachment A Dept.: Public Works Project: Interstate 280/Junipero Serra Channel Trail Improvements Local Authority: TM-2011-03: Mitigation PLAN-3 Five Year Reporting & Findings Requirement: Provided for information only. Five years have not elapsed since initial deposit. 1. The purpose of the Interstate 280/Junipero Serra Channel Trail Improvements fee is to partially fund a feasibility study for a new trail along I-280 /Junipero Serra Channel from N . De Anza Blvd to Calabazas Creek. Public facilities to be funded with the fees were described in : a. Apple Campus 2 : Ordinance 13-2114: Resolution Approving Apple Campus 2 Development Agreement -Section 3.13 and TM-2011-03: Mitigation PLAN-3, dated 10/15 /2013 for Tentative Map application ($250,000 collected) b. Cupertino Property Development-Hyatt House-10380 Perimeter Rd : DP-2014-04: Condition of Approval No . 21 , dated October 21, 2014 , for Development Permit application ($66 ,000 collected). 2 . A reasonable relationship exists between the I-280 /Junipero Serra Channel Trail Improvements fee , and the purpose for which the fee was charged , in that the development in the vicinity of the proposed trail will introduce additional pedestrian and bicycle traffic between the new campus and the existing campus , causing the need to provide additional and alternative routes between the developments . The need for a new trail study , as it was identified during the review of the project , remains , as the study has not yet completed. 3 . The sources and amounts of funding anticipated to complete financin g of the study are identifi ed below: • Developer Fair-Share Contributions from other projects in the vicinity of the proposed trail location . 4 . The appro ximate dates on which the funding for the bridge improvements is expected to be deposit ed into the appropriate account are identified on the next page. Page l 26 Attachment A Five-Year Report Incomplete Project that Was Identified When Imposing the Fee: Sources and Estimated Total Fund O/o Amounts of Date for Estimated Estimated Project Estimated Balance Expected Funding Funding to Beginning Completion Description Cost 6/30/2017 to be Anticipated be Deposited Date Date Funded to Complete in Fund by Fees the Project Interstate $500,000 $322,846 100% Additional Developer Fall/2017 Winter/2019 280/Junipero Developer contributions Serra Channel Contributions obtained Trail are needed to when Improvements complete the adjacent project properties redevelop. Anticipated Summer/2017 Annual Report Amount of Fee: Contribution equivalent to approximately 60% of the estimated cost of implementation FY2016-l 7 Trust Fund Activit Balance at 7/1 /2016 Fees Collected Interest Expended Refunded Balance at 6/30 /2017 Page f 27 Fiscal Year $319,650 0 $3,196 0 0 $322,846 Purpose of Inception Expenditure To Date Loans/Transfers Amount $- $3 16 ,000 Repayment Date na (est.) $6,846 0 0 $322,846 Attachment A Dept.: Public Works Project: Contribution towards Planned Transportation Project Local Authority: TM-2011-03 : Mitigation TRANS-22 Five Year Reporting & Findings Requirement: Provided for information only. Five years have not elapsed since initial deposit. 1. The purpose of the Planned Transportation Project fair-share contribution is to fund planned transportation project that would improve traffic operation of the impacted freeway segments and provide added transportation capacity on other freeway facilities. Public facilities to be funded with the fees were described in: a . Apple Campus 2: Ordinance 13-2114 : Resolution Approving Apple Campus 2 Development Agreement-Section 3.13 and TM-2011-03: Mitigation TRANS-22, dated 10/15/2013 for Tentative Map application ($1,292,215 collected) 2. A reasonable relationship exists between the Planned Transportation Project fair-share contribution and the purpose for which the fee was charged, in that development will introduce additional traffic to freeways in the surrounding areas. Valley Transit Authority has established guidelines for estimating fair-share contributions for these types of impacts, and the established fee for this project conforms to those guidelines. The need remains for improvements to the surrounding freeways, as they were identified during the review of the project. The needed improvements have not yet been completed . Below is a list of the Planned Transportation Projects: • Eliminating the existing bottleneck on southbound I-280 between El Monte Road and Magdalena A venue. • SR 85 Express Lane project (converting the existing HOV lane to a toll lane to allow single occupant vehicles to drive in the HOV lane for a fee) between Mountain View and San Jose. • Either the Bus Rapid Transit (BRT) stations proposed within Cupertino, or an alternative improvement or study towards the improvement of the impacted I-280 corridor or a parallel corridor that would provide capacity . 3. The sources and amounts of funding anticipated to complete financing of the necessary improvements will be identified by Valley Transportation Authority . 4. The approximate dates on which the funding for the improvements is expected to be deposited into the appropriate account are identified on the next page. Page I 28 Five-Year Report Incomplete Project that Was Identified When Imposing the Fee: Project Description Planned Transportation Project fair- share contribution Annual Report Total Estimated Cost To be identified/ byVTA Fund Balance 6/30/2017 $906,093 % Expected to be Funded by Fees 100 % Sources and Amounts of Funding Anticipated to Complete the Project To be identified by VTA Estimated Date for Funding to be Deposited in Fund When adequate fimds have been acquired by the VTA to begin the project. Anticip ated Summ er/ 2018 Attaclunent A Estimated Beginning Date Fall/2018 Estimated Completion Date Fall/2019 Amount of Fee: Based on Fair-Share Contribution assessed by Environmental Impact Report FY2016-l 7 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activit~ Year Balance at $1,2 70 ,139 Amount $- 7/1/2016 Fees Collected 0 $1,292,215 Repayment Date na (est.) Interest $12 ,701 $28,843 Expended ($376,748) ($414,965) Per Agreement with VTA Refunded 0 0 Balance at $906,093 $906 ,093 6/30/2017 Page I 29 Attachment A Dept.: Public Works Project: Contribution towards Monta Vista Street Improvement Project Local Authority: Installation Agreement -10104 Byrne A venue: Santa Clara County Recorded Document 23316184, Exhibit C , Part G Five Year Reporting & Findings Requirement: Provided for information only. Five yea rs have not elapsed since initial deposit. 1. The purpose of the contribution toward the Monta Vista Street Improvement Project is to enable the City to construct improvements along the property frontage in conjunction with the overall Capital Improvement Project being undertaken by the City. Public facilities to be funded with City's General Fund and the contribution described in: a. Installation Agreement -10104 Byrne Ave: Santa Clara County Recorded Document 23316184, Exhibit C, Pait G , dated 5/25 /2016 , for Building Permit Application ($34,395 collected) 2 . A reasonable relationship exists between the Monta Vista Street Improvement Project and the purpose for which the contribution was accepted, in that the development of 10104 Byrne A venue is required to construct the improvements as a condition of the Building Permit, per Cupertino Municipal Code Section 14.04. The contribution was accepted by the City in order to allow the developer to share in the construction cost savings that a larger project, such as the City's Capital Improvement Project, offers. · 3 . The sources and amounts of funding anticipated to complete financing of the Monta Vista Street Improvement Project are anticipated to be funded by the Cupertino General Fund . 4. The approximate dates on which the funding for the improvements is expected to be deposited into the appropriate account are identified below. Page I 30 Attachment A Five-Year Report Incomplete Project that Was Identified When Imposing the Fee: Sources and Estimated Total Fund O/o Amounts of Date for Estimated Estimated Project Estimated Balance Expected Funding Funding to Beginning Completion Description Cost 6/30/2017 to be Anticipated be Deposited Date Date Funded to Complete in Fund by Fees the Project Monta Vista $1,880,000 $35,017 2% Cupertino Summ er/20 17 Winter/2018 Summer2019 Street General Fund Improvement is anticipated Project to complete project funding Annual Report Amount of Fee: Based on Fair-Share Contribution assessed by engineer's cost estimate FY2016-17 Trust Fund Activity Balance at 7/1 /2016 Fees Collected Interest Expended Refunded Balance at 6/30/2017 Page I 31 Fiscal Year $34,670 0 $347 0 0 $35,017 Purpose of Inception Expenditure To Date Loans/Transfers Amount $- $34 ,395 Repayment Date na (est.) $622 0 0 $34 ,441