RESOLUTION NO. _____________
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FOSTER ACCEPTING
THE ANNUAL DEVELOPMENT IMPACT FEE AND CAPACITY FEE REPORT FOR FISCAL YEAR 2023-2024
CITY OF FOSTER CITY
WHEREAS, local agencies often charge a fee as a condition of approval for development projects to fund improvements to compensate for the demands that the developments have on public resources known as Development Impact Fee; and WHEREAS, in 1989, the State Legislature passed Assembly Bill 1600 (AB 1600), which added Sections 66000 et seq. to the California Government Code known as Mitigation Impact Fee; and
WHEREAS, the City assesses four Development Impact Fees – Affordable Housing Commercial Linkage Fee, Park Facilities Impact Fee, Public Safety Impact Fee, and Transportation Impact Fee – and two Capacity Fees – Water Capacity Fee and Wastewater Capacity Fee; and
WHEREAS, pursuant to Government Code Section 66006 (b)(1), AB 1600 requires local agencies to report the Impact fees and Capacity fees collected and their use annually; and
WHEREAS, staff has completed the annual development impact fee and capacity fee report for FY 2023-2024.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Foster City does hereby accept the Annual Development Impact Fee and Capacity Fee report for the Fiscal Year 2023-2024.
PASSED AND ADOPTED as a resolution of the City Council of the City of Foster City at the Regular Meeting held on the 16 th day of December 2024 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
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STACY JIMENEZ, MAYOR
ATTEST:
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PRISCILLA SCHAUS, CITY CLERK