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CC Resolution No. 18-105 Approving a Five Year and Annual Development Impact Fee Report for FY Ending June 30, 2018 and Making Required FindingsRESOLUTION NO. 18-105 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO APPROVING FIVE YEAR AND ANNUAL DEVELOPMENT IMPACT FEE REPORT FOR FY ENDING JUNE 30, 2018 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 City of Cupertino -AB 1600 -Mitigation Fee Act Annual & Five Year Report for the fiscal year that ended June 30, 2018 (the" Annual and Five-Year Report"), comprises the annual and five-year reports required by the Mitigation Fee Act and contains substantial evidence in support of the findings required by Section 66001(d). Said report is included as At tachment A and incorporated into this Resolution by this reference. 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 for FY ending June 30, 2018 in accordance with the Mitigation Fee Act, and incorporates by reference said Report (Attachment A). 3. The City Council further 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 (Attachment A), which demonstrate that, for each account or fund: a. The purpose of each fund is described in the Annual and .Five-Year Report. CC Resolution No . 18-105 Page 2 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. PASSED AND ADOPTED this 5th day of November 2018, at a Regular Meeting of the City Council of the City of Cupertino by the following roll call vote: AYES: NOES: ABSENT: ABSTAIN: ATTEST: Members of the City Council Paul, Sinks, Chang, Scharf, Vaidhyanathan None None None APPROVED : Grace Schmidt, City Clerk ~Paul~~ City of Cupertifi:o -2 - Attachment A City of Cupertino AB 1600 -Mitigation Fee Act Annual & Five Year Report for the fiscal year ending June 30, 2018 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 17 -052 , 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, 2017 -June 30, 2018). The fiscal year 2017 -18 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: Residential (per sq. ft.) - Detached Single Family Residence Small Lot Single Family Residence or Town home Multi -Family Attached Town home, Apartment or Condo Multi-Family Apartment (1 to 35 du /ac) Multi-Family Apartment (over 35 du /ac) Non-Residential (Per sq.ft.) - Office, Research & Development, or Industrial Hotel Commercial or Retail $16 .01 $17 .62 $21.35 $21.35 $26.69 $21.35 $10.68 $10.68 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 allocated to The Veranda , an affordable housing site by Charities Housing. Page 11 Attachment A 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. Fees collected through Development Agreements: Apple Campus 2 -Ordinance 13-2114: Resolution Approving Apple Campus 2 Development Agreement -Section 3.2 ($5,008,050 co ll ected) 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. S ee, 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 % Amounts of Date for Estimated Estimated Project Estimated Balance Expected . Funding Funding to Beginning Completion Description Cost* 6/30/2018 to be Anticipated be Deposited Date Date Funded to Complete in Fund by Fees the Project Below $160,300,000 $6,902,773 100% Additional As projects On goi ng On going Market Rate Developer develop/ Housing Contributions redevelop Mitigation State and fee Federal tax credits, loans and grants * Based on RIINA allocation and affordability gaps estimated in the ne xus 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. Pagel2 Annual Report Amount of Fee: Based on adopted Fee Schedule FY2017-18 Trust Fund Activi Balance at 7/1 /2 017 Fees Col lected Interest Expended Fiscal Year $10 ,86 7 ,642 $165,324 * $46,912 Purpose of Expenditure Staff and administration Legal and professional services Housing placement services Rental mediation services/contract services Housing Renovation Attachment A ($57 ,266) ($144,028) ($137,018) ($44,528) ($122,265) ($3 ,672,000) Housing Loan for purchase of affordable housing site by Charities Housing Subtotal ($4,177,105) Refunded 0 Unrestricted $6 ,902 ,773 balance at 6/30/2018 *-Includes funds collected by Development Agreement Page 13 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: I . 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 app lic a bility 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 are updated accordingly . Park Dedication Fees are used to fund parkland acquisitions and improvements 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. Fees collected through Development Agreements: 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 and facilities are needed to offset the increase in population that additional residential units impacts . The need for the Park Dedication 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 that add residences . 4. The approximate dates on which the funding for the needed park acquisition 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 % Amounts of Date for Project Estimated Balance Expected Funding Funding to Description Cost 6/30/2018 to be Anticipated be Funded to Complete Deposited by Fees the Project in Fund Lawrence-$8 ,270 ,994 $1,448 ,359 100% Project is Fall 2018 Mitty Park fully funded Annual Report Amount of Fee: Based on Fair-Market Value ofland, through land appraisal FY2017-18 Trust Fund Activi Balance at 7/1/2017 Fees Collected Interest Expended Subtotal Refunded Reserved Balance at 6/30/2018 Fiscal Year $9 ,293 ,520 $363 ,750 * $62,271 ($19) ($169) ($188) 0 ($8,270 ,994) $1,448 ,359 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 Page 15 Attachment A Estimated Beginning Date Spring 2015 Estimated Completion Date Summer 2020 Attachment A Dept.: Public Works Project: N. Stelling/I-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: I. The purpose of the N. Stelling/1-280 Bridge Pedesttian 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 SetTa 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 development in the vicinity of the bridge increases pe'destrian traffic across the bridge. The need for improvements to the bridge, that were identified during the review of the two projects, remains, as the bridge experiences increased pedestrian traffic 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 O/o Amounts of Date for Estimated Estimated Project Estimated Balance Expected Funding Funding to Beginning Completion Description Cost 6/30/2018 to be Anticipated be Deposited Date Date Funded to Complete in Fund by Fees the Project Pedestrian $100,000 $ 50 ,124 50 % Anticipated Spring/2019 Summ er/2019 Fall/2019 Lighting & that City will Upgrades-fund the N . Stelling/ remaining I280 Bridge cost of the project Page 16 Attachment A Annual Report Amount of Fee: 25% Contribution to the total cost, based on estimated four projects contributing to improvement. FY2017-18 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activi~ Year Balance at $ 49,578 Amount $ - 7/1/2017 Fees Collected 0 $ 50,000 Repayment Date na (est.) Interest $546 $3 ,674 Ex~ended 0 {$3,550) Refunded 0 0 Balance at $ 50 ,124 $ 50 ,124 6/30/2018 Page 17 Attachment A Dep t.: 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 improve the efficiency of the intersection . Public facilities to be funded with the fees were de scribed 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 e xists between the De Anza/McClellan/Pacifica signal modification conttibution 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 appropriate account are identified below. Five-Year Report Incomplete Project that Was Identified When Imposing the Fee: Project Description Traffic Signal · & Int erse ction Improvem ents De An za Bl vd/ McC lellan Rd / Pacifica Ave Page 18 Total Fund Estimated Balance Cost 6/30/2018 $6 00 ,000 $160 ,556 % Expected to be Funded by Fees 100 % Sources and Amounts of Funding Anticipated to Complete the Project Addition al Developer Conttibution s are needed to complete the proj ec t Estimated Date for Funding to be Deposited in Fund D evelop er contribution s obtain ed wh en adjacen t prop erti es red evelop . A nticipated Sum mer/2021 Estimated Beginning Date Fall/2 021 Estimated Completion Date Wint er/2022 Attachment A Annual Report Amount of Fee: 25 % Contribution to the total cost based on estimated contribution of four projects. FY2017 -18 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activi~ Year Balance at $158 ,809 Amount $ - 7/1/2017 Fees Collected 0 $ 145,700 Rep ayment Date na (est.) Interest $1 ,748 $14,856 Ex ended 0 0 Refunded 0 0 Balance at $160 ,556 $160 ,556 6/30/2018 Page 19 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 D1ive 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 approp1iate 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 6/30/2018 to be Anticipated to be Date Date Funded to Complete Deposited by Fees the Project in Fund Stevens Creek $185 ,000 $25,940 100 % Additional Fall/2020 Sprin g/2021 Summ er/2021 Blvd and Developer Bandley Contributions Drive Signal are needed to Improvements complete the project Page [ 10 Attaclunent A Annual Report Amount of Fee: Conti;bution from expected nearby developments, based on estimated addition of traffic to intersection. FY2017 -18 Purpose of Inception Trust Fund · Fiscal Expenditure To Date Loans/Transfers Activi~ Year Balance at $25 ,658 Amount $ - 7/1/2017 Fees Co ll ected 0 $25,000 Repayment Date na (est.) Interest $282 $940 Ex ended 0 0 Refunded 0 0 Balance at $25 ,940 $25,940 6/30 /2018 Page I 11 Attachment A Dept.: Public Works Project : Traffic Mitigatio n at Homestead Rd a nd 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 reasonab le 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 Enviromnental 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 % Amounts of Date for Estimated Estimated Project Estimated Balance Expecte Funding Funding to Beginning Completion Description Cost 6/30/2018 d to be Anticipated be Date Date Funded to Complete Deposited by Fees the Project in Fund Traffic $4 ,000 ,000 $413 ,547 100% To be Wh en Fall/2020 Summ e r/2021 Mitigation at determined adeq uate Homestead by the funds ha ve Rd and County of been Lawrence Santa Clara acquired by Expressway th e County Bridge to b egin th e project. Anticipated Summ er/ 2020 Page I 12 Attachment A Annual Report Amount of Fee: Based on Fair-Share Contribution assessed by Environmental Impact Report FY2017-18 Trust Fund Activity Balance at 7/1/2 017 Fees Collected Interest Ex end ed Refunded Balance at 6/30/2018 Page 113 Fiscal Year $409,047 0 $4,500 0 0 $413 ,547 Purpose of Inception Expenditure To Date Loans/Transfers Amount $ - $400,000 Repayment Date na ( est.) $13,547 0 0 $413,547 Attachment A Dept.: Public Works Prnject: 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 sun-ounding 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 6/30/2018 to be Anticipated be Deposited Date Date Funded to Complete in Fund by Fees the Project Traffic $102 ,262 $103,387 100% Project fully F ees have Fall/2018 Summ er/2022 Calming funded been along collected. Rodrigues Anticipated Ave . and initiation of Pacifica Dr. p roject is Summ er/2018 Page J 14 Annual Report Amount of Fee: Estimated Full Cost of the Study and potential improvements. FY2017-18 Trust Fund Activity Balance at 7/1/2017 Fees Collected Interest Ex ended Refunded Balance at 6/30/2018 Page I 15 Fiscal Year $102 ,262 0 $1,125 0 0 $103,387 Purpose of Inception Expenditure To Date Amount $100,000 Repayment Date (est.) $3,387 0 0 $103,387 Attachment 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 Vallco 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 Tentative 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 116 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 6/30/2018 to be Anticipated be Deposited Date Date Funded to Complete in Fund by Fees the Project Creek Trail $195 ,000 $67,203 100% Additional D evelop er Spring/2021 Summ er/2021 Improvements Developer contributions along Contributions obtained Calabazas are needed to ·when Creek complete the adjacent project properties redevelop. Anticipated Summer/2020 Annual Report Amount of Fee: Contribution equivalent to 1/3 of the estimated cost of creek trail plan FY2017-18 Trust Fund Activity Balance at 7/1/2017 Fees Collected Interest Ex ended Refunded Balance at 6/30/2018 Page 117 Fiscal Year $66,471 0 $732 0 0 $67,203 Purpose of Inception Expenditure To Date Loans/Transfers Amount $- $ 65,000 Repayment Date na (est.) $2,203 0 0 $67,203 Attachment A Dept.: Public Works Project: Parking Conve1·sion 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 Vallco Parkway is to enable the City to convert 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 application ($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 adjacent to this section ofVallco 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 perfonn 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 Parking Conv ersion Fund along Vallco Parkway Page I 18 Total Fund Estimate d Cost $460,178 Balance 6/30/2018 $465 ,240 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 F ees ha ve additional b een collected. funds Anticipated needed at initiation of this time . project is Fall/2017 Estimated Estimated Beginning Completion Date Date Fall/2017 Fall/2022 Attachment A Annual Report Amount of Fee: Estimated Full Cost of the potential improvements. FY2017-18 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activin, Year Balance at $460 ,178 Amount $ - 7/1/2017 Fees Collected 0 $450 ,000 Repayment Date na (e st.) Interest $5,062 $15 ,240 Ex ended 0 0 Refunded 0 0 Balance at $465 ,240 $465 ,240 6/30 /2018 Page I 19 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 intrnsion, in neighborhoods adjacent 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 co llected) 2. A reasonable relationship exists between the Funding of Neighborhood Cut-through Traffic and Parking Intrusion Monito1ing 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 perfonn 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 materialized. 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: Total Fund Project Estimated Balance Description Cost 6/30/2018 Funding of $869,223 $856 ,060 Neighborhood Cut-through Traffic and Parking Intru sion Monitoring Page I 20 Sources and O/o Amounts of Expected Funding to be Anticipated to Funded Complete the by Fees Project 100% No additional fund s needed at this time. Estimated Date for Estimated Estimated Funding to Beginning Completion be Date Date Deposited in Fund Fall/ 2017 Summer/2017 Winter/2020 Attachment A Annual Report Amount of Fee: Estimated Full Cost of the Study and potential improvements. FY2017-18 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activi~ Year Balance at $869,223 Amount $ - 7/1 /2017 Fees Collected 0 $850,000 Repayment Date na (est.) Interest $9,562 $28,785 Expended ($22,725) Stantec ($22,725) Consulting Contract Refunded 0 0 Balance at $856,060 $856,060 6/30/2018 Page 121 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 Requfrement: 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: Sources and Estimated Total Fund O/o Amounts of Date for Estimated Estimated Project Estimated Balance Expected Funding Funding to Beginning Completion Description Cost 6/30/2018 to be Anticipated be Deposited Date Date Funded to Complete in Fund by Fees the Project Traffic-$250,000 $51 ,693 100% Fair share D eveloper Fall/2020 Wint er/2021 Adaptive contributions contribution s Traffic Signal from other obtain ed System along developers when DeAnza Blvd adjacent Pagel22 Annual Report FY2017-18 Trust Fund Activity Balance at 7/1/2017 Fees Collected Interest Ex ended Refunded Balance at 6/30/2018 Pagel23 Purpose of Fiscal Expenditure Year $51,131 0 $562 0 0 $ 51 ,693 that impact the corridor Inception To Date prop erti es redevelop. Anticipated Summ er/2 020 Amount $ 50,000 Repayment Date (est.) $1,693 0 0 $51,693 Attachment A Loans/Transfers $ - na 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 Cha1mel 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 Pennit 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 financing of the study are identified below: • Developer Fair-Share Contributions from other projects in the vicinity of the proposed trail lo c ation . 4. The approximate dates on which the funding for the bridge improvements is expected to be deposited into the appropriate account are identified on the next page. Page I 24 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 6/30/2018 to be Anticipated be Deposited Date Date Funded to Complete in Fund by Fees the Project Interstate $500 ,000 $181,711 100% Additional Developer Fall/2017 Win ter/2019 280/Junipero Developer contributions Serra Channel Contributions obtained Trail are needed to w h en Improvements complete the adjace nt project p rop erti es redevelop. Anticipated Summ er/201 7 Annual Report Amount of Fee: Contribution equivalent to approximately 60% of the estimated cost of implementation FY2017-18 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activi~ Year Balance at $322 ,846 Amount $- 7/1 /2017 Fees Collected 0 $316,000 Repayment Date na (est.) Interest $3,552 $10,398 Exeended ($144 ,68 7) ($144 ,687) Refunded 0 0 Balance at $181 ,7 11 $181 ,711 6/30/2018 Page I 25 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. I. 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 sun-ounding areas. Valley Transit Authority has established guidelines for estimating fair-share contributions for these types of impacts , and the established fee for this project confonns to those guidelines . The need remains for improvements to the sun-ounding 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 26 Five-Year Report Incomplete Project that Was Identified When Imposing the Fee: Project Description Planned Transpo1iation Project fair- share contribution Annual Report Total Estimated Cost To be identified byVTA Fund Balance 6/30/2018 $598 ,059 % 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 funds have been acquired by the VTA to b egin the project. Anticipated Summer/ 2018 Attaclm1ent A Estimated Beginning Date Fall/2018 Estimated Completion Date Fall/2019 Amount of Fee: Based on Fair-Share Contribution assessed by Enviromnental Impact Report FY2017-18 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activi~ Year Balance at $906 ,093 Amount $ - 7/1/2017 Fees Collected 0 $1,292,215 Repayment Date na est.) Interest $9,967 $38,810 Expended ($318 ,001) ($732 ,966) Per Agreement with VTA Refunded 0 0 Balance at $598,059 $598,059 6/3 0/2 018 Pagel27 Attaclunent A Dept.: Public Works Project: Contribution towards Monta Vista Street Improvement Project Local Authority: Installation Agreement -10 l 04 Byrne A venue: Santa Clara County Recorded Document 23316184, Exhibit C, Part G Five Year Reporting & Findings Requirement: -Provided for information only. Five years 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, Part G, dated 5/25 /2016, for Building Pennit 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 Avenue is required to construct the improvements as a condition of the Building Pennit, 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 Sh·eet 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 28 Attachment A Five-Year Report Incomplete Project that Was I dentified When Imposing the Fee: Total Fund Project Estimated Balance Description Cost 6/30/2018 Monta Vista $1,880 ,000 $35 ,402 Street Improvement Project Annual Report O/o Expected to be Funded by Fees 2% Sources and Amounts of Funding Anticipated to Complete the Project Estimated Date for Funding to be Deposited in Fund Estimated Beginning Date Cupertino Summ er/2017 Summ er/2019 General Fund is anticipated to complete project funding Estimated Completion Date Fall/2 019 Amount of Fee: Based on Fair-Share Contribution assessed by engineer 's cost estimate FY2017-18 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activity Year Balance at $35,017 Amount $ - 7/1 /2017 Fees Collected 0 $34 ,395 Repayment Date na (est.) Interest $385 $1,077 Ex ended 0 0 Refunded 0 0 Balance at $35,402 $35 ,402 6/30/2018 Page I 29