City of Menlo Park 701 Laurel St., Menlo Park, CA 94025 tel 650-330-6600 menlopark.gov City Council
REGULAR MEETING AGENDA
Date: 1/14/2025
Time: 6:00 p.m.
Location: Zoom.us/join – ID# 832 1285 7140
City Council Chambers
751 Laurel St., Menlo Park, CA 94025
EARLY STAFF REPORT RELEASE NOTICE
Pursuant to the requirements of the Mitigation Fee Act, the following staff report is being released 15-days in advance of the City Council meeting:
Transmittal of the annual report on the status of citywide impact fees collected as of June 30, 2024 (Staff Report #25-001-CC)
This notice is posted in accordance with Cal. Gov. Code §54954.2(a) or §54956. Members of the public can view electronic agendas and staff reports by accessing the city website at menlopark.gov/agendas and can receive notifications of agenda postings by subscribing at menlopark.gov/subscribe. Agendas and staff reports may also be obtained by contacting the City Clerk’s Office at 650-330-6620. (Posted 12/23/2024)
Administrative Services
City of Menlo Park 701 Laurel St., Menlo Park, CA 94025 tel 650-330-6600 menlopark.gov
STAFF REPORT
City Council
Meeting Date: 1/14/2025
Staff Report Number: 25-001-CC
Consent Calendar: Transmittal of the annual report on the status of citywide impact fees collected as of June 30,
2024
Recommendation
Staff recommends the City Council review the City’s Assembly Bill 1600 (AB 1600) report providing data on the revenues collected from the transportation impact, storm drainage impact and construction impact fees.
The recreation in-lieu fee, below market rate (BMR) housing in-lieu fee, heritage tree in-lieu fee and community amenity in-lieu payments are not impact fees under AB 1600 but are included in this report.
Policy Issues
This report does not represent any change to existing City policy and affirms the City’s intention to continue to charge these impact fees to fund projects and programs that mitigate the impact of development in the City of Menlo Park.
Background
Cities and counties often charge fees on new development to fund public improvements to mitigate the impact of development activity. These fees are commonly known as development impact fees. In 1989, the state Legislature passed AB 1600, which added §66000 et seq. to the California Government Code, commonly known as the Mitigation Fee Act.
As required by law, these fees are segregated from the general fund and accounted for in special revenue funds. Government Code §66006 requires that the City make available to the public information regarding development impact fees for the fiscal year within 180-days after the end of each fiscal year:
• A brief description of the fee and the fund into which the fee was deposited. • The amount of the fee.
• The associated fund’s beginning and ending balances for the fiscal year. • The total amount of fees collected and interest earned. • Identification of each public improvement on which impact fees were expended and the amount of expenditure on each improvement, including the total percentage of the cost of the public improvement that was funded with impact fees.
• Identification of the approximate date by which construction of a public improvement will commence if the local agency determined that sufficient funds have been collected to complete financing on an incomplete public improvement.
• Identification of each public improvement identified in a previous report and whether construction began on the approximate date noted in the previous report. For a project identified in which construction did not commence by the approximate date provided in the previous report, the reason for the delay and a Staff Report #: 25-001-CC
City of Menlo Park 701 Laurel St., Menlo Park, CA 94025 tel 650-330-6600 menlopark.gov revised approximate date that the City will commence construction. • A description of each interfund transfer or loan made from an account or fund.
Further, Government Code §66001 requires the following findings to be made every five years:
• The purpose of the fee.
• The reasonable relationship between the fee and the purpose. • The anticipated sources and amount of funding for planned projects. • The approximate date the funds will be spent on the planned project.
Failure to make such findings subjects the City to going through a refunding procedure. This report meets the requirements to comply with the Mitigation Fee Act.
Analysis
Transportation impact fees
Growth and development in the City of Menlo Park has placed increased pressure on the transportation system. The purpose of the transportation impact fee is to provide adequate transportation improvements to serve cumulative development within the city. However, the fee does not replace the need for sitespecific transportation improvements that may be needed to mitigate the impact of specific projects upon the city’s transportation system. There is a reasonable relationship between the amount of the fee and the purpose for which it is charged because the fee represents the City’s proportionate costs of constructing transportation improvements to serve new development and the fee revenues will be used for the purpose of constructing transportation projects that will serve new development.
The transportation impact fee methodology was put in place effective Dec. 6, 2009, with the addition of §13.26 to the municipal code. In 2019, the City prepared an updated transportation impact fee nexus study which demonstrates the reasonable relationship between the amount of the fees and the purpose for which they are charged. In addition, the 2019 update reduced the transportation impact fees for child care facilities and secondary (accessory) dwelling units to $0. The current fee program became effective in February 2020, and is adjusted annually according to the Engineering News Record construction cost index.
Current 2024 fees are listed below in Table 1:
Staff Report #: 25-001-CC
City of Menlo Park 701 Laurel St., Menlo Park, CA 94025 tel 650-330-6600 menlopark.gov Table 1: Transportation impact fee
Land use Unit 2024 fee amount*
Office Sq. ft. $21.91
Research and development Sq. ft. $9.33
Manufacturing Sq. ft. $12.77
Warehousing Sq. ft. $3.62
Restaurant Sq. ft. $12.77
Retail Sq. ft. $12.77
Single-family Dwelling
units $18,864.43
Multifamily Dwelling
units $6,358.18
Hotel Per room $11,432.98
Medical office Sq. ft. $65.94
*As of June 2024, ENR Construction Cost Index % Change for San Francisco =0.0 If land use is not one of the above, use this formula: $19,054.98 * Total PM Peak Hour Trips
For fiscal year 2023-24, the City received total revenue of $2,239,892 ($0 in fees, $1,071,813 in grant reimbursements, $353,991 in interest earnings, and $814,088 due to unrealized gain adjustment on investments). The unrealized gain/loss on investments is an accounting requirement to reflect the year-end fair market value of the investments at year-end and does not represent a cash gain or loss, provided investments are held until maturity. For the same period, the City expended a total of $5,799,346 on projects eligible for funding under this revenue source. The ending balance as of June 30, 2024, is $10,539,825. Of this amount, all funds are available for use to meet current or planned projects eligible for this funding source. The Haven Avenue streetscape improvements, Willow Oaks bike connector and Middle Avenue complete streets projects were in construction in fiscal year 2023-24. In the next five fiscal years, it is planned that the City will require $49,744,268 from transportation impact fees to finance needed infrastructure projects. The City Council adopted the transportation master plan in November 2020 and staff has included new projects from the master plan in the future five-year capital improvement program. As such, there exists a continued need for this fee. Detail of current year financials as well as current year project expenditures are available in Attachment A.
Storm drainage impact fees
The storm drainage impact fee commenced before 1989. The fee is levied to mitigate impacts on the storm drainage system either directly or indirectly resulting from development projects. The fee does not cover even a fraction of all the federally or regionally mandated stormwater permitting requirements imposed since 1990 under the National Pollutant Discharge Elimination System permits. There is a reasonable relationship between the fee and its use because the fee is calculated in proportion to a development’s impact on storm drain infrastructure, as measured by the number of lots, units or square footage, depending on the type of development. Storm drainage impact fees are charged for property development as shown in the City’s 2024 master fee schedule:
• Single-family – per lot $450.00
• Multifamily – per unit $150.00
• Industrial and commercial – per square foot of impervious area $0.24 Staff Report #: 25-001-CC
City of Menlo Park 701 Laurel St., Menlo Park, CA 94025 tel 650-330-6600 menlopark.gov For fiscal year 2023-24, the City received total revenue of $14,597 ($450 in fees, $5,317 in interest earnings, and $8,830 due to unrealized gain adjustment on investments). The unrealized gain/loss on investments is an accounting requirement to reflect the year-end fair market value of the investments at year-end and does not represent a cash gain or loss, provided investments are held until maturity. For the same period, the City expended a total of $11,436 on projects eligible for funding under this revenue source. The ending balance as of June 30, 2024, is $167,339. Of this amount, all funds are available for use to meet planned projects eligible for this funding source. The Trash Load Reduction Device Installation project did not begin in fiscal year 2023-24 due to delays with executing the agreement and maintenance staff coordination. This project is now anticipated to commence in February 2025. The City plans to use the remaining funds to support the storm drain improvements identified in the citywide stormwater master plan, which identifies $12 million in improvements for the two-year storm system. At this time, there still exists a continued need for this fee. Detail of current year financials as well as current year project expenditures are available in Attachment B.
Construction impact fees
The construction impact fee took effect in November 2005 and was adopted to recover the cost of repairing damage to streets caused by construction-related vehicle traffic. On Aug. 5, 2008, the City Council adopted a resolution extending this fee beyond the three-year sunset provision initially established. There is a reasonable relationship between the fee and its use because the fee is calculated in proportion to a development’s impact on city right-of-ways, as measured by the market value of the project. The fee is charged on the value of the construction project as shown in the 2024 master fee schedule:
• 0.58% of a construction project’s value
• Residential alteration and repairs, as well as all projects under $10,000, are exempt from the fee For fiscal year 2023-24, the City received total revenue of $1,950,193 ($1,314,533 in fees, $227,780 in interest income and $407,879 in unrealized gain adjustment on investments). The unrealized gain/loss on investments is an accounting requirement to reflect the year-end fair market value of the investments at year-end and does not represent a cash gain or loss, provided investments are held until maturity. For the same period, the City expended a total of $1,234,974 on projects eligible for funding under this revenue source. The ending balance as of June 30, 2024, is $7,816,095. Of this amount, all funds are available for use to meet current or planned projects eligible for this funding source. During fiscal year 2023-24, annual street resurfacing and maintenance was completed. In the next five fiscal years, it is planned that the City will require $12,645,556 from construction impact fees to finance needed infrastructure projects. As such, there exists a continued need for this fee. Detail of current year financials as well as current year project expenditures are available in Attachment C.
Recreation in-lieu fees
The recreation in-lieu fee commenced before 1989. The purpose of the fee is to provide improved and expanded recreation facilities to serve new residential uses. The fee is assessed as an option for residential developments in-lieu of providing dedication of land for new facilities. Although the fee is not required reporting under AB 1600, staff is providing a brief update here consistent with past practice. There is a reasonable relationship between the fee and its use because the fee is calculated in proportion to a development’s impact on parklands and recreational facilities, as measured by the number of units and the market value of the land. The fee is charged on new residential subdivisions as authorized under municipal code §15.16.020 in accordance with the Quimby Act and summarized in the City’s 2024 master fee schedule:
• Single-family (RE and R-1): $127,400 per unit
• Multifamily development (R-2, R-3, RLU and PD): $78,400 per unit Staff Report #: 25-001-CC
City of Menlo Park 701 Laurel St., Menlo Park, CA 94025 tel 650-330-6600 menlopark.gov For fiscal year 2023-24, the City received total revenue of $1,098,104 ($254,800 in fees, $725,414 in transfers in, $83,745 in interest income and $34,145 due to unrealized gain adjustment on investments.) The unrealized gain/loss on investments is an accounting requirement to reflect the year-end fair market value of the investments at year-end and does not represent a cash gain or loss, provided investments are held until maturity. For the same period, the City expended a total of $2,655,666 on projects eligible for funding under this revenue source. The ending balance as of June 30, 2024, is $1,086,753. Of this amount, all funds are available for use to meet current or planned projects eligible for this funding source. The park playground equipment and Willow Oaks Park improvements projects were constructed in fiscal year 2023-
24. In the next five fiscal years, it is planned that the City will require $1,859,128 from recreation in-lieu fees to finance needed infrastructure projects. As such, there exists a continued need for this fee. Detail of current year financials as well as current year project expenditures are available in Attachment D.
BMR housing in-lieu fees
The BMR housing program was established in 1987 to increase the housing supply for households that have very low, low- and moderate-incomes as defined by income limits set by the California Department of Housing and Community Development for San Mateo County. The primary objective is to create actual housing units rather than the equivalent cash. The BMR housing program is applicable to both residential and commercial development that meet certain criteria. There is a reasonable relationship between the fee and its use because the fee is generally equal to the City’s costs of providing affordable housing units in-lieu of the units being provided by new development. The payment of an in-lieu fee is one way to meet the BMR requirements.
Residential developers are subject to the following requirements, but may be permitted to pay an in-lieu payment for a fractional unit in certain situations:
• Residential developments of five or more units are strongly encouraged to provide a BMR unit. • Residential developments of 10 to 19 units are required to provide 10% of the housing at BMRs. • Residential developments of 20 units or more are required to provide 15% of the housing at BMRs.
For new commercial developments equal to or greater than 10,000 square feet that generate employment opportunities, the commercial linkage fee for fiscal year 2023-24 was established as follows:
• Group A: $21.65 per square foot of net new gross floor area for most commercial uses • Group B: $11.75 per square foot of net new gross floor area for defined uses that generate fewer employees
For fiscal year 2023-24, the City received total revenue of $267,737. No in-lieu payments were collected.
For the same period, the City expended a total of $448,281 on costs eligible for funding under this revenue source. The ending balance as of June 30, 2024, is $13,987,754 and is available to meet current or planned projects eligible for this funding source. The City Council has committed use of BMR funds over the past several years, primarily through the City’s notice of funding availability (NOFA) process that would reduce the available BMR fund balance once the funds are encumbered. In the next five fiscal years, it is planned that the City will require $16,066,134 from BMR housing fees. At this time, there still exists a continued need for this fee. It is anticipated that approved non-residential development projects will make in-lieu payments in the next few years to help replenish the BMR housing fund to assist future affordable housing projects. Detail of current year financials as well as current year project expenditures are available in Attachment E.
Heritage tree in-lieu fees
The heritage tree in-lieu fee commenced July 1, 2020. Menlo Park desires to protect and preserve the scenic beauty and natural environment, prevent erosion of topsoil and sedimentation in waterways, Staff Report #: 25-001-CC
City of Menlo Park 701 Laurel St., Menlo Park, CA 94025 tel 650-330-6600 menlopark.gov encourage quality development, provide shade and wildlife habitat, counteract pollutants in the air and decrease wind velocities and noise. The overall goal of the heritage tree ordinance is to ensure continued canopy cover is maintained or increased. The City prefers the planting of replacement trees on-site, but if the property does not have space to plant replacement trees, there is an option to pay an in-lieu fee. There is a reasonable relationship between the fee and its use because the fee is equal to the City’s costs to provide trees in-lieu of those trees being provided by the fee payor. The fee is based on the value of the tree container size as listed below in Table 2 and helps support maintaining and planting public trees.
Table 2: Heritage tree in-lieu fees
Replacement tree requirement In-lieu value
One #5 container $100
One #15 container $200
One 24-inch tree box $400
One 36-inch tree box $1,200
One 48-inch tree box $5,000
One 60-inch tree box $7,000
For fiscal year 2023-24, the City received a total of $264,413 in fees. For the same period, the City expended a total of $0 on projects eligible for funding under this revenue source. The ending balance as of June 30, 2024, is $694,039. Of this amount, all funds are available for use to meet planned projects eligible for this funding source, including tree planting. Development of the urban forest management plan began in fiscal year 2023-24. The City plans to use the remaining funds to support improvements and planting priorities to be identified in the urban forest management plan as it is developed and adopted. In the next five fiscal years, it is planned that the City will require $700,000 from heritage tree in-lieu fees. At this time, there still exists a continued need for this fee. Detail of current year financials as well as current year project expenditures are available in Attachment F.
Community amenities in-lieu payments
As a part of the approval of the 2016 General Plan update, the City created the following zoning districts:
Office (O), Life Sciences (LS) and Residential Mixed-Use (R-MU.) Regulations for bonus level development and community amenities were established in these zoning districts. In exchange for bonus level development (increased floor area ratio, density (dwelling units per acre) and/or height), an applicant is required to provide community amenities from a City Council-adopted list of community amenities in the area between Highway 101 and the San Francisco Bay. The required community amenity value is 50% of the fair market value of the additional (bonus) gross floor area above the base allowable gross floor area for a parcel or project site. In lieu of providing and constructing a community amenity from the adopted list of community amenities, applicants may choose to provide a payment in the amount of 110% of the community amenities value. The community amenities fund is used to provide community amenities in the area north of Highway 101 and south of the San Francisco Bay. There is a reasonable relationship between the increased intensity and/or density of bonus level development and the increased effects on the surrounding community. There is also a reasonable relationship between the community amenities in-lieu payment and its use because the required community amenities in exchange for bonus level development are intended to address identified community needs that result from the effect of increased development in the surrounding community. The adopted community amenity list includes projects that exceed the current fund balance.
Staff Report #: 25-001-CC
City of Menlo Park 701 Laurel St., Menlo Park, CA 94025 tel 650-330-6600 menlopark.gov The City received $21,010,000 in community amenity in-lieu payments during fiscal year 2023-24. For the same period, the City expended a total of $0 on projects eligible for funding under this revenue source. The ending balance as of June 30, 2024, is $30,415,000. Of this amount, all funds are available for use to meet planned projects eligible for this funding source. The City’s fiscal year 2024-25 adopted capital improvement plan identifies $1,300,000 for park improvements in the Belle Haven neighborhood, which would be funded from the community amenities fund. In addition, it is planned that the City will require $29,115,000 in community amenity in-lieu payments to fund future projects. Detail of current year financials as well as current fiscal year expenditures are available in Attachment G.
Impact on City Resources
There is no impact on City resources resulting from this annual report, and this report meets the compliance requirements of the Mitigation Fee Act.
Environmental Review
This action is not a project within the meaning of the California Environmental Quality Act (CEQA) Guidelines §§15378 and 15061(b)(3) as it will not result in any direct or indirect physical change in the environment.
Public Notice
Public notification to comply with the Mitigation Fee Act is achieved by posting the annual report at least 15 days before the meeting at which the City Council is anticipated to make required findings as outlined in the recommendation.
Attachments
A. Transportation impact fee financial report
B. Storm drainage impact fee financial report
C. Construction impact fee financial report
D. Recreation in-lieu fee financial report
E. BMR housing in-lieu fee financial report
F. Heritage tree in-lieu fee financial report
G. Community amenities fund financial report
Report prepared by:
Adrian Patino, Management Analyst II
Report reviewed by:
Jared Hansen, Assistant Administrative Services Director Rani Singh, Interim Finance and Budget Manager
City of Menlo Park
Transportation Impact Fee (TIF) Financial Report (Fund 351) Transportation Impact Fees 2023-24
Beginning balance $ 14,099,279
Developer Fees -
Grant reimbursement* 1,071,813
Interest income 353,991
Unrealized gain/(loss) on investment** 814,088
Expenditures (5,799,346)
Ending Balance $ 10,539,825
*Haven Avenue Streetscape Improvement (73 percent); Pierce Road Bike/Pedestrian Enhancement (27 percent, and including improvements at Coleman Ave and Middle Avenue) projects 2023-24 Project Expenditures Total TIF
Expended Fee % Share
Construction
start date1
Haven Avenue Streetscape Improvement 1,079,105 100% 10/2023 Middle Avenue Caltrain Crossing 3,941,099 100% Tent. 2025 Willow Oaks Bike Connector 463,212 100% 09/2023
ECR Crossings Improvements 5,210 100% Tent. 2025
Transportation projects (minor)* 30,000 100% Ongoing
Middle Avenue Complete Streets 110,325 100% 8/2023
Willow Rd Ped and Bicycle Safety 170,395 100% Tent. 2026 Total $ 5,799,346
Future Projects Construction
start date1
TIF funding
2024-25
Other
Funding
sources
2024-25 Funding Source
TIF Funding
2025-29
Total TIF
future needs
Middle Avenue Caltrain Crossing Study Design and Construction* Tent. 2026 17,907,439 10,000,000 Grants - 17,907,439 Traffic Signal Modifications Ongoing 3,517,804 - Grants 1,500,000 5,017,804 Transportation Projects (minor) Ongoing 587,175 - Measure A, General Fund 700,000 1,287,175 Haven Avenue Streetscape Improvement* 10/2023 566,312 - Caltrans, Grants - 566,312 Willow Rd & Newbridge St Bicycle and Pedestrian Improvement* Tent. 2026 1,129,605 - Grant 2,675,000 3,804,605 ECR Crossings Improvements* Tent. 2025 371,685 1,000,000 Grant - 371,685 Middle Avenue Complete Streets* 8/2023 1,289,248 1,650,000 Grant - 1,289,248 Caltrain Grade Separation Tent. 2028 2,000,000 - SMCTA Grade Separation** 17,500,000 19,500,000 Total $ 27,369,268 $ 2,650,000 $ 22,375,000 $ 49,744,268 1 Construction start dates are shown as month and year of construction contract authorization for projects that have commenced construction. For future projects, the year construction is expected to commence is noted.
* Grant funding will be received as reimbursement, City pays for project up front with TIF funds ** Costs for next scope of work in development, SMCTA Grade Separation program will pay for 90% of Preliminary Engineering.
Collected Developer Payments 2023-24
None collected -
There were no interfund loans nor interfund transfers from impact fee to other funds this year. No refunds have been paid out of this fund. **The unrealized gain/loss on investments is an accounting requirement to reflect the year-end fair market value of the fund's allocation of the City investment portfolio and does not represent a cash gain or loss, provided investments are held until maturity.
ATTACHMENT A
City of Menlo Park
Storm Drainage Impact Fee Financial Report (Fund 354)
Storm Drainage Impact Fees 2023-24
Beginning balance $ 164,178
Developer fees 450
Interest income 5,317
Unrealized gain/(loss) on investment* 8,830
Expenditures (11,436)
Ending Balance $ 167,339
2023-24 Project Expenditures Total SDIF
Expended Fee % Share
Construction
start date1
Trash Load Reduction Plan Development 11,436 100% 9/2022 Total $ 11,436
Future Projects Construction
Start date
SDIF Funding
2024-25
Other future
funding Sources Funding Source
SDIF Funding
2025-29
Total SDIF
future
needs
Trash Load Reduction Device Installation 2/2025 - 90,000 - - Two-year Storm System Capital Improvements (per
2023 Stormwater Master Plan) 2026 11,500,000 General fund, grants 500,000 500,000 Total $ - $ 11,590,000 $ 500,000 $ 500,000
Collected Developer Payments 2023-24
488 Oak Ct 450
Total $ 450
There were no interfund loans nor interfund transfers from impact fee to other funds this year. No refunds have been paid out of this fund.
1 Construction start dates are shown as month and year of construction contract authorization for projects that have commenced construction. For future projects, the year construction is expected to commence is noted. *The unrealized gain/loss on investments is an accounting requirement to reflect the year-end fair market value of the fund's allocation of the City investment portfolio and does not represent a cash gain or loss, provided investments are held until maturity.
ATTACHMENT B
City of Menlo Park
Construction Impact Fee Financial Report (Fund 362)
Construction Impact Fees 2023-24
Beginning balance $ 7,100,876
Developer Fees 1,314,533
Interest income 227,780
Unrealized gain/(loss) on investment* 407,879
Expenditures (1,234,974)
Ending balance $ 7,816,095
2023-24 Project Expenditures Total CIF
Expended Fee % Share Construction start
date1
Street Resurfacing Project 1,184,174 100% 7/2023
Street Maintenance 50,800 100% 7/2023
Total Expenditures: $ 1,234,974 100%
Future Projects Start date CIF Funding
2024-25
Other
Funding sources
2024-25
Funding
Source
CIF Funding
2025-29
Total CIF
future needs
Street Resurfacing 6/2025 5,845,556 4,417,550
Highway
users tax,
SB1 funds,
Measure W
6,800,000 12,645,556
Total $ 5,845,556 $ 4,417,550 $ 6,800,000 $ 12,645,556
Collected Developer Payments 2023-24
1305 O'Brien Dr 361,904
500 El Camino Real 66,700
4400 Bohannon Dr 63,800
64 Willow Pl 54,724
4055 Bohannon Dr 52,200
1302 El Camino Real 46,400
1585 Bay Laurel Dr 34,800
1235 Bay Laurel Dr 33,160
2882 Sand Hill Rd 29,000
3 Robert S Dr 20,687
472 permits less than $18,000 each 551,158
Total $ 1,314,533
1 Construction start dates are shown as month and year of construction contract authorization for projects that have commenced construction. For future projects, the year construction is expected to commence is noted.
There were no interfund loans nor interfund transfers from impact fee to other funds this year. No refunds have been paid out of this fund.
*The unrealized gain/loss on investments is an accounting requirement to reflect the year-end fair market value of the fund's allocation of the City investment portfolio and does not represent a cash gain or loss, provided investments are held until maturity.
ATTACHMENT C
City of Menlo Park
Recreation In-Lieu Fee Financial Report (Fund 256)
Recreation In-Lieu Fees 2023-24
Beginning balance $ 2,644,315
Developer Fees 254,800
Interest income 83,745
Unrealized gain/(loss) on investment* 34,145
Transfer in from other funds** 725,414
Expenditures (2,655,666)
Ending balance $ 1,086,753
**Transfer in of Measure T bond proceeds for Willow Oaks Park Improvements and park playground equipment project expenditures 2023-24 Project Expenditures Total RIL
Expended Fee % Share
Construction
start date1
Belle Haven Community Campus 1,133,297 100% 2021
Park Playground Equipment- Willow Oaks 1,009,725 100% 2023 Willow Oaks Park Improvements 512,644 100% 2023
Total $ 2,655,666 100%
Future Projects
Start date
RIL funding
2024-25
Other funding
Sources
2024-25 Funding Source
RIL funding
2025-29
Total RIL
future needs
Park Playground Equipment 9/2023 280,071 500,000 General Fund - 280,071 Belle Haven Community Campus 9/2021 1,496,362 2,816,498 General Fund, Belle Haven
Community Campus, Bayfront
Mitigation
- 1,496,362
Willow Oaks Park Improvements 9/2024 82,695 - - 82,695
Total $ 1,859,128 $ 3,316,498 $ - $ 1,859,128
Collected Developer Payments 2023-24
8 Maywood Ln 127,400
488 Oak Ct 127,400
Total $ 254,800
1 Construction start dates are shown as month and year of construction contract authorization for projects that have commenced construction. For future projects, the year construction is expected to commence is noted.
There were no interfund loans nor interfund transfers from impact fee to other funds this year. No refunds have been paid out of this fund.
*The unrealized gain/loss on investments is an accounting requirement to reflect the year-end fair market value of the fund's allocation of the City investment portfolio and does not represent a cash gain or loss, provided investments are held until maturity.
ATTACHMENT D
City of Menlo Park
Below Market Rate (BMR) Housing In-Lieu Fee 2023-24
Beginning balance $ 14,168,298
BMR Fees collected per City Ordinance -
Interest Income 215,489
Rental Income 43,355
Proceeds from the Sale of Assets 8,893
Expenditures (448,281)
Ending balance $ 13,987,754
2023-24 Project Expenditures 2023-24 Fee % Share
BMR Housing program - Administrative Costs 396,976 100% 1155 Merrill St 4,490
Rebuilding Together Peninsula Rehab Program 46,815 100% Total $ 448,281
Future Projects Start date BMR Funding
2024-25
Other funding
Sources 2024-25
Funding
Source
BMR 2025-29
Funding Total
Rebuilding Together Peninsula Rehab Program (Committed*) 11/2023 133,185 - - 133,185 Homeownership Preservation Program (Committed*) 5/2023 1,200,000 - - 1,200,000 335 Pierce Road FY24-25 3,600,000 - - 3,600,000
Habitat for Humanity Homeownership FY24-25 2,000,000 - - 2,000,000 MidPen Housing Veteran Housing 12/2024 2,000,000 - - 2,000,000 975 Florence TBD - - 408,949 408,949
1162 El Camino Real TBD - - 2,000,000 2,000,000
320 Sheridan Dr TBD - - 1,000,000 1,000,000
BMR Housing program - Administrative Costs Annual 600,000 - 3,124,000 3,724,000 Total $ 9,533,185 $ - $ 6,532,949 $ 16,066,134
Collected Developer Payments 2023-24
None collected -
Below Market Rate (BMR) Housing In-Lieu Fee Financial Report (Fund 222) *Committed projects were approved by Council and funds are not available for any other use; however, these have not been fully expended.
There were no interfund loans nor interfund transfers from impact fee to other funds this year. No refunds have been paid out of this fund.
ATTACHMENT E
City of Menlo Park
Heritage Tree In-Lieu Fee Financial Report (Fund 211)
Heritage Tree In-Lieu Fees 2023-24
Beginning balance $ 429,626
Fees 264,413
Expenditures -
Ending Balance $ 694,039
2023-24 Project Expenditures Total
Expended Fee % Share Construction
start date1
-
Total $ -
Future Projects Start date HT Funding
2024-25
Other funding
Sources 2024-25
Funding
Source
HT Funding
2025-29
Total
Urban Forest Management Plan 5/2024 250,000 - - 250,000 Urban Forest Management Plan Implementation 9/2026 - - 450,000 450,000 Total $ 250,000 $ - $ 450,000 $ 700,000
Collected Developer Payments 2023-24
1100 Merrill St 77,800
1235 Bay Laurel Dr 62,100
1220 Hoover St 23,320
269 Willow 12,200
222 Blackburn Ave 9,400
1015 Whitney Dr 9,400
1175 Hermosa Way 7,000
1024 Middle Ave 6,200
1155 Johnson St 6,090
736 Partridge Ave 5,900
38 permits less than $6,000 each 45,003
Total $ 264,413
1 Construction start dates are shown as month and year of construction contract authorization for projects that have commenced construction.
There were no interfund loans nor interfund transfers from impact fee to other funds this year. No refunds have been paid out of this fund.
ATTACHMENT F
City of Menlo Park
Community Amenities In-Lieu Payments Financial Report (Fund 369) Community Amenities In-Lieu Payments 2023-24
Beginning balance $ 9,405,000
Developer Payments 21,010,000
Expenditures -
Ending Balance $ 30,415,000
2023-24 Project Expenditures Total Expended Fee % Share Construction start date1
-
Total $ -
Future Projects Start date
Community
Amenities
Funding (2024 -
2025)
Other funding
Sources 2024-25 Funding Source
Community
Amenities
Funding (2025-
2029)
Total
Belle Haven Park Improvements 2027 1,300,000 - 3,000,000 4,300,000 Community amenity list implementation (Carbon-free
transit and enhanced transportation; communityserving retail; Energy, technology, utilities, and communication infrastructure in the Belle Haven and
Bayfront neighborhoods; Enhanced quality of life)
TBD - - 26,115,000 26,115,000
Total $ 1,300,000 $ - $ 29,115,000 $ 30,415,000
Collected Developer Payments 2023-24
1350 Adams Court 16,115,000
141 Jefferson Dr & 180-186 Constitution Dr 4,895,000
Total $ 21,010,000
There were no interfund loans nor interfund transfers from impact fee to other funds this year. No refunds have been paid out of this fund.
ATTACHMENT G