FEE DESCRIPTION: In lieu fee for providing neighborhood and community park sites and facilities.
Acquisition Development Total
Areas East of I-805 Fee Fee Fee
FEE AMOUNT: $12,676 $9,626 $22,302 per single family dwelling unit $9,408 $7,145 $16,553 per multi-family dwelling unit
$5,932 $4,505 $10,437 per mobile home dwelling unit
Areas West of I-805
FEE AMOUNT: $4,994 $9,626 $14,620 per single family dwelling unit $3,707 $7,145 $10,852 per multi-family dwelling unit
$2,337 $4,505 $6,842 per mobile home dwelling unit
FY 2024-25 BALANCE INFORMATION *: FUND 715 FUND 716
PAD FUND WPAD FUND
Beginning Balance, 07/01/24 55,336,180 (6,942,805) Revenues
Park Dedication Fees 7,318,077 150,729
Interest Earned 1,866,870 128,388
Total Revenues 9,184,947 279,117
Expenditures
Interest Expense - (311,878)
Other Expenditures (37,023) (4,972)
CIP Project Expenditures (74,628) -
Total Expenditures (111,651) (316,849) Ending Balance*, 06/30/2025 64,409,476$ (6,980,538)$ *Unaudited
ATTACHMENT 2
PARKLAND ACQUISITION AND DEVELOPMENT (PAD FEES)
FY 2024-25 ACTIVITY
FY 2024-25 CIP EXPENDITURES:
CIP # Project Name
Total Project
Budget
% Funded
by PAD Amount Funded by PAD
FY 2024-25 PAD
Expenditures
PAD Expended to-
date
Initially
Scheduled
Start Date Status
EASTERN PAD (FUND 716)
REC0261 Otay Ranch Community Park 1,500,162$ 100.0% 1,500,162$ -$ 162$ 2008 Master Planning delayed GGV0273 Temporary Fire Station 11 7,756,919$ 20.9% 1,618,445$ 74,628$ 74,628$ 2025 In Design TOTAL: 3,118,607$ 74,628$ 74,790$ WESTERN PAD (FUND 715)
PRK0341 Patty Davis Park Construction 2,362,506$ 21.2% 500,000$ -$ -$ 2022 In Design TOTAL: 500,000$ -$ -$ FY 2024-25 INTERFUND LOAN INFORMATION:
Outstanding Interest Expected Funded
Description of Loan: Loan Amount Rate * Repayment Improvements Interfund Loan from Eastern PAD Fund to Western PAD Fund affirmed and consolidated via Council Resolution No. 2015-034 on February 17, 2015 $11,173,120 3.30% 6/30/2052 Western PAD Fund capital projects * Interest rate varies annually based on the average annual interest earnings of the City’s pool of investments.
FY 2024-25 ACTIVITY
ATTACHMENT 2.1
PARKLAND ACQUISITION AND DEVELOPMENT (PAD FEES)