Loading...
Exhibit CC 03-15-2016 Item No. 19 Developer In-Lieu Report - Annual and Five-Yeartc_ j /t rf L l,o-#=/ "} Attachment A ·~ City of Cupertino AB 1600 -Mitigation Fee Act Annual & Five Year Report for the fiscal years ending June 30, 2014 & 2015 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 15-036 the City Council adopted updated the BMR residential and non-residential (office, research and development (R&D), industrial, hotel, retail and commercial) Housing Mitigation Fees. The updated residential and non-residential Housing Mitigation fees adopted by the City Council per Resolution 15-036 did not go into effect until July 6, 2015 and will be reported in next year's reporting period. For purposes ofthis reporting year (July 1, 2014 -June 30, 2015) the fiscal year 2014-15 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 was $3.00/sq. ft. for residential development, $6.00/sq. ft. for non-residential (office, R&D, industrial, hotel, commercial and retail) development, and $3.00/sq. ft. for development in the Planned Industrial Zone for the reported year. 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. The fees in the BMR Fund include funds paid to the City as a condition of the development agreement entered into between the City and Apple, Inc. for the Apple 2 campus, as well as other 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. 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. Page J 1 Five-Year Report Incomplete Project that Was Identified When Imposing the Fee: Sources and Total Fund % Amounts of Project Estimated Balance Expecte Funding Description Cost* 6/30/2015 d to be Anticipated Funded to Complete by Fees the Project Below $160,300,000 $11,323,869 100% Additional Market Rate Developer Housing Contributions Mitigation State and fee Federal tax credits, loans and grants Estimated Date for Funding to be Deposited in Fund As projects develop/ redevelop Attachment A Estimated Beginning Date Ongoing Estimated Completion Date Ongoing *Based on RIINA 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. Annual Report Amount of Fee: Based on adopted Fee Schedule FY 2013-14 Trust Fund Activity Balance at 7/1/2013 Fees Collected Interest Expended Subtotal Refunded Balance at 6/30/2014 Fiscal Year $699,046 $7,229,545 * $10,848 ($25,721) ($127,955) ($69,995) ($15,879) ($239,550) 0 $7,699,889 Purpose of Expenditure Staff and administration Housing placement services Rental mediation services, legal and professional services Housing Element *-Includes funds collected by Development Agreement Page I 2 FY2014-15 Trust Fund Activity Balance at 7/1/2014 Fees Collected Interest Expended Subtotal Refunded Balance at 6/30/2015 Fiscal Year $7,699,889 $4,051,266 * $45,016 ($49,686) ($41,276) ($71,407) ($193,442) ($83,200) ($33,291) ($472,302) 0 $11,323 ,869 Purpose of Expenditure Staff and administration Legal and professional services Housing placement services Rental mediation services/contract services Nexus Study Consolidated Plan *-Includes funds collected by Development Agreement Page J 3 Attachment A Attachment A Dept.: Public Works Project: Park Dedication In-Lieu Fee Local Authority: City of Cupertino: Municipal Code, Chapter 13.08; Quimby Act 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. The Parkland Dedication Fee is based on the fair market value ofland 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, improvements and maintenance of park and recreational facilities. The fees in the Park Dedication table below include funds paid to the City as a condition of the development agreement entered into between the City and Apple, Inc. for the Apple 2 campus, as well as other 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 fees imposed as a condition of a subdivision. 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 the need for remains. Table below represents amounts needed to meet General Plan Parkland goals based upon the existing acreage and the Association of Bay Area Government (ABAG) estimated population for 2030. A proportionately equivalent deficit exists using the ABAG estimated population for 2020 (62,100). The City currently supplements its park system through various agreements with the Public School system. 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 impact residential density. 4. The approximate dates on which the funding is expected to be deposited into the appropriate account are identified Five-Year Report. Page 14 Attachment A Five-Year Report Incomplete Project that Was Identified When Imposing the Fee: Projects are set forth in the % Total Fund Expecte Project Estimated Balance d to be Description Cost 6/30/2015 Funded by Fees Parkland $122,820,000 $8,809,056 100% Goal * Lawrence-$8,270,994 100% Mitty Park Sources and Amounts of Funding Anticipated to Complete the Project Additional Developer Contributions for new residential construction Estimated Date for Funding to be Deposited in Fund As projects develop Estimated Beginning Date Ongoing Spring 2016 Estimated Completion Date Ongoing Summer 2020 *Based on estimated population from Association of Bay Area Governments (ABAG) for 2030 (population of 66,300), the total park space needed is 198.9 acres [(66,300/1,000) * 3 acres]. The City has 178.43 acres of existing park and recreation acreage by area, not including school sites (General Plan Amendment, Community Vision 2015- 2040, Table RPC-1). Estimated land value at $6,000,000/acre. Annual Report Amount of Fee: Based on Fair-Market Value of land, through land appraisal FY 2013-14 Trust Fund Activity Balance at 7/1/2013 Fees Collected Interest Expended Refunded Balance at 6/30/2014 Fiscal Year $1,636,261 $8,369,259 * $11,131 ($1,575,000) 0 $8,441,651 Purpose of Expenditure Acquisition of park land (22050 Stevens Creek Blvd) *-Includes $8,270,994 collected by Development Agreement, Subdivisions, and Development FY2014-15 Trust Fund Activity Fiscal Year Purpose of Expenditure Balance at 7/1/2014 $8,441,651 Fees Collected $329,500 * Interest $37,905 Expended 0 Refunded 0 Balance at 6/30/2015 $8,809,056 *-Includes funds collected by Development Agreement, Subdivisions, and Development Page I 5 Attachment A Dept.: Public Works Project: 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 development in the vicinity of the bridge increases pedestrian 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 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 6/30/2015 to be Anticipated be Deposited Date Date Funded to Complete in Fund by Fees the Project Pedestrian $100,000 $ 48,747 50% Anticipated Summer/2016 Fall/2016 Winter/2017 Lighting & that City will Upgrades-fund the N. Stelling/ remaining 1280 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. FY 2013-14 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activity Year Balance at $ 52,059 Amount $- 7/1/2013 Fees Collected 0 $ 50,000 Repayment Date na (est.) Interest $30 $2,059 Expended ($3,500) Light Study ($3,500) Refunded 0 0 Balance at $ 48,559 $ 48,559 6/30/2014 FY 2014-15 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activity Year Balance at $ 48,559 Amount $- 7/1/2014 Fees Collected 0 $ 50,000 Repayment Date na (est.) Interest $188 $2247 Expended 0 ($3,500) Refunded 0 0 Balance at $ 48,747 $ 48,747 6/30/2015 Page [ 7 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 improve 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 appropriate account are identified below: Five-Year Report Incomplete Project that Was Identified When Imposing the Fee: Project Description Traffic Signal & Intersection Improvements De Anza Blvd/ McClellan Rd/ Pacifica Ave Page I 8 Total Estimated Cost $600,000 Fund Balance 6/30/2015 $155,989 O/o Expected 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 Additional Developer Developer contributions Contribution obtained s are needed 'when to complete adjacent the project properties redevelop. Anticipated Summer/2020 Estimated Estimated Beginning Date Fall/2020 Completion Date Winter/2021 Attachment A Annual Report Amount of Fee: 25% Contribution to the total cost based on estimated contribution of four projects. FY2013-14 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activit~ Year Balance at $155,297 Amount $ - 7/1/2013 Fees Collected 0 $ 145,700 Repayment Date na (est.) Interest $90 $9687 Expended 0 0 Refunded 0 0 Balance at $155,387 $155,387 6/30/2014 FY2014-15 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activity Year Balance at $155,387 Amount $ - 7/1/2014 Fees Collected 0 $ 145,700 Repayment Date na (est.) Interest $602 $10,289 Expended 0 0 Refunded 0 0 Balance at $155,989 $155,989 6/30/2015 Page I 9 Attachment A Dept.: Public Works Project: Monument Gateway Signs Local Authority: TM-2004-11: Condition of Approval No. 19 ASA-2009-08: Condition of Approval No. 16 Five Year Reporting & Findings Requirement: 1. The purpose of the Monument Gateway Signs contribution is to fund the project's fair share toward upgrading or replacing the existing gateway feature/signs at 1) Stevens Creek Blvd near Tantau Ave; 2) DeAnza Blvd near I-280 overcrossing; 3) DeAnza Blvd near Bollinger Road; and install a new center island gateway sign at Stevens Creek Blvd near the Oaks shopping center. Public facilities to be funded with the fees were described in: a. Oak Park Village: TM-2004-11: Condition of Approval No. 19 dated 2/16/2005 for Tentative Map application ($25,000 collected) b. Homestead Square: ASA-2009-08: Condition of Approval No. 16 dated May 6, 2010 for Architectual Site Approval ($10,000 collected) 2. A reasonable relationship exists between the Gateway Monument Sign and the purpose for which the fee was charged, in that new developments are in the vicinity of one of the proposed sign locations. The entire project was estimated at $100,000, and the projects provided a fair share contribution towards the overall cost. The need for improvements to the Gateway Monument Signs, as they were identified during the review of the project, still remains. 3. The sources and amounts of funding anticipated to complete financing of the gateway monument improvements are identified below: • Developer Fair-Share Contributions from other projects in the vicinity of the signs. 4. The approximate dates on which the funding for the Gateway Monument Sign 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 Expected Funding Funding to Beginning Completion Description Cost 6/30/2015 to be Anticipated be Deposited Date Date Funded to Complete in Fund by Fees the Project Monument $100,000 $ 37,108 100% Additional Developer Fall/2020 Winter/2021 Gateway Developer contributions Signs at Contributions obtained four are needed to when locations complete the adjacent project properties redevelop. Anticipated Summer/2020 Page I 10 Attachment A Annual Report Amount of Fee: Contribution based on proximity of the proposed sign location FY2013-14 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activitv Year Balance at $ 36,943 Amount $- 7/1/2013 Fees Collected 0 $ 35,000 Repayment Date na (est.) Interest $21 $1,965 Expended 0 0 Refunded 0 0 Balance at $ 36,965 $ 36,965 6/30/2014 FY2014-15 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activit;y Year Balance at $ 36,965 Amount $ - 7/1/2014 Fees Collected 0 $ 35,000 Repayment Date na (est.) Interest $143 $2,108 Expended 0 0 Refunded 0 0 Balance at $ 37,108 $ 37,108 6/30/2015 Page 111 Attachment A Dept.: Public Works Project: DeAnza/Homestead southbound right-turn lane upgrade Local Authority: Sunnyvale Town Center -Envirom11ental 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 ofDeAnza 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 Estimate Total Fund O/o and dDate Estimated Estimated Project Estimate Balance Expecte Amounts for Beginning Completion Description d Cost 6/30/201 d to be of Funding Funding Date Date 5 Funded Anticipate to be by Fees d to Deposited Complete in Fund the Project DeAnza/Homestea $333,000 $76,697 100% Apple Fall/2016 Winter/2017 Spring/2017 d southbound right Campus 2 tum land upgrade to provide remaining funds and construct the project. Page I 12 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 2013-14 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activity Year Balance at $ 76,357 Amount $- 7/1/2013 Fees Collected 0 $ 75,924 Repayment Date na (est.) Interest $44 $477 Expended 0 0 Refunded 0 0 Balance at $ 76,401 $ 76,401 6/30/2014 FY 2014-15 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activity Year Balance at $76,401 Amount $- 7/1/2014 Fees Collected 0 $75,924 Repayment Date na (est.) Interest $296 $773 Expended 0 0 Refunded 0 0 Balance at $76,697 $76,697 6/30/2015 Page I 13 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, that 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 % Amounts of Date for Estimated Estimated Project Estimated Balance Expected Funding Funding Beginning Completion Description Cost 6/30/2015 to be Anticipated to be Date Date Funded to Complete Deposited by Fees the Project in Fund Stevens Creek $185,000 $ 25,202 100% Additional Fall/2017 Spring/2018 Summer/2018 Blvd and Developer Bandley Contributions Drive Signal are needed to Improvements complete the project Page\ 14 Attachment A Annual Report Amount of Fee: Contribution from expected nearby developments, based on estimated addition of traffic to intersection. FY2013-14 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activity Year Balance at $ 25,090 Amount $- 7/1/2013 Fees Collected 0 $ 25,000 Repayment Date na (est.) Interest $15 $105 Expended 0 0 Refunded 0 0 Balance at $ 25,105 $25,105 6/30/2014 FY2014-15 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activity Year Balance at $25,105 Amount $ - 7/1/2014 Fees Collected 0 $ 25,000 Repayment Date na (est.) Interest $97 $202 Expended 0 0 Refunded 0 0 Balance at $ 25,202 $ 25,202 6/30/2015 Page I 15 Attachment A Dept.: Public Works Project: Traffic Calming along Rodrigues Ave. and Pacifica Dr. Local Authority: TM-2002-02: Condition of Approval No. 21 Five Year Reporting & Findings Requirement: 1. The purpose of the Traffic Calming along Rodrigues Ave. and Pacifica Dr. fee is to construct traffic calming measures to offset the project traffic along Rodrigues Ave. and Pacifica Dr. Public facilities to be funded with the fees were described in: a. Cupertino Town Center: TM-2002-02: Condition of Approval No. 21 dated July 15, 2003 for Tentative Map application ($40,000 collected). 2. A reasonable relationship exists between the Traffic Calming along Rodrigues Ave and Pacifica Dr. fee and the purpose for which the fee was charged, in that the development in the vicinity of Rodrigues Ave. and Pacifica Dr. introduces additional traffic to these streets. The City has utilized a portion of the funds to modified striping along these streets and currently has an approved project that uses the remainder of the funds to modify the intersection of DeAnza Blvd/Rodrigues to further address traffic calming concerns. 3. Adequate funding has been collected to complete the project. 4. 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 Estimated Total Fund % and Date for Estimated Estimated Project Estimated Balance Expected Amounts of Funding to Beginning Completion Description Remaining 6/30/2015 to be Funding be Date Date Cost Funded Anticipated Deposited by Fees to in Fund Complete the Project Traffic $27,536 $27,536 100% Project is Winter/2016 Spring/2016 Summer/2016 Calming fully funded along Rodrigues Ave. and Pacifica Dr. Page I 16 Attachment A Annual Report Amount of Fee: All required fees collected from Cupertino Town Center. FY2013-14 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activit~ Year Balance at $43,405 Amount $- 7/1/2013 Fees Collected 0 $40,000 Repayment Date na (est.) Interest $25 $3,430 Expended ($16,000) Road ($16,000) Restriping Refunded 0 0 Balance at $27,430 $27,430 6/30/2014 FY2014-15 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activity Year Balance at $27,430 Amount $- 7/112014 Fees Collected 0 $ 40,000 Repayment Date na (est.) Interest $106 $3,536 Expended 0 ($16,000) Refunded 0 0 Balance at $27,536 $27,536 6/30/2015 Page I 17 Attachment A Dept.: Public Works Project: Wolfe Road Transportation Study Local Authority: Ordinance 13-2114: Resolution Approving Apple Campus 2 Development Agreement-Section 3.14 Five Year Reporting & Findings Requirement: Not required for fees imposed through a development agreement. The purpose of the Wolfe Road Transportation Study fee is to study the stretch of Wolfe Road near the I-280 interchange for possibilities to improve vehicular, bicycle and pedestrian traffic in the area. Annual Report Amount of Fee: Estimated Full Cost of the Study. FY2013-14 Trust Fund Fiscal Purpose of Inception Activity Year Expenditure To Date Loans/Transfers Balance at $1,000,000 Amount $- 7/1/2013 Fees Collected $1,000,000 $1,000,000 Repayment Date na (est.) Total Interest $578 $578 Interest Rate na Expended 0 0 Refunded 0 0 Balance at $1,000,578 $1,000,578 6/30/2014 FY2014-15 Trust Fund Fiscal Purpose of Inception Activity Year Expenditure To Date Loans/Transfers Balance at $1,000,578 Amount $- 7/1/2014 Fees Collected $1,000,000 Repayment Date na (est.) Total Interest $3,878 $4,456 Interest Rate na Expended 0 0 Refunded 0 0 Balance at $1,004,456 $1,004,456 6/30/2015 Adequate funds have been acquired to commence the study. The study will commence in Spring/2016. Page I 18 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, remains. 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 6/30/2015 d to be Anticipated be Date Date Funded to Complete Deposited by Fees the Project in Fund Traffic $4,000,000 $400,000 100% Tobe When Fal!/2018 Summer/2019 Mitigation at determined adequate Homestead by the funds have Rd and County of been Lawrence Santa Clara acquired by Expressway the County Bridge to begin the project. Anticipated Summer/ 2018 Page j 19 Attachment A Annual Report Amount of Fee: Based on Fair-Share Contribution assessed by Environmental Impact Report FY2013-14 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activit;r Year Balance at $400,000 Amount $ - 7/1/2013 Fees Collected $400,000 $400,000 Repayment Date na (est.) Interest $231 $231 Expended 0 0 Refunded 0 0 Balance at $400,231 $400,231 6/30/2014 FY2014-15 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activity Year Balance at $400,231 Amount $ - 7/1/2014 Fees Collected 0 $400,000 Repayment Date na (est.) Interest $1,552 $1,783 Expended 0 0 Refunded 0 0 Balance at $401,783 $401,783 6/30/2015 Page I 20 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 Estimate Estimated Project Estimated Balance Expected Funding Funding to d Completion Description Cost 6/30/2015 to be Anticipated be Deposited Beginnin Date Funded to Complete in Fund gDate by Fees the Project Traffic $100,000 $100,000 100% Project fully Fees have Fall/201 Summer/2022 Calming funded been 7 along collected. Rodrigues Anticipated Ave. and initiation of Pacifica Dr. project is Summer/2017 Page J 21 Attachment A Annual Report Amount of Fee: Estimated Full Cost of the Study and potential improvements. FY2013-14 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activitr: Year Balance at $100,000 Amount $- 711/2013 Fees Collected $100,000 $100,000 Repayment Date na (est.) Interest $58 $58 Expended 0 0 Refunded 0 0 Balance at $100,058 $100,058 6/30/2014 FY2014-15 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activity Year Balance at $100,058 Amount $- 7/1/2014 Fees Collected 0 $100,000 Repayment Date na (est.) Interest $388 $446 Expended 0 0 Refunded 0 0 Balance at $100,446 $100,446 6/30/2015 Page I 22 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 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 Estimate Balance Expecte Funding Funding to Beginning Completion Description d Cost 6/30/201 d to be Anticipated be Deposited Date Date 5 Funded to Complete in Fund by Fees the Project Creek Trail $195,000 $65,000 100% Additional Developer Spring/2021 Summer/2021 Improvement Developer contributions s along Contribution obtained Calabazas s are needed when Creek to complete adjacent the project properties redevelop. Anticipated Summer/2020 Page I 23 Attachment A Annual Report Amount of Fee: Contribution equivalent to 1/3 of the estimated cost of creek trail plan FY2013-14 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activity Year Balance at $ 65,000 Amount $- 7/1/2013 Fees Collected $ 65,000 $ 65,000 Repayment Date na (est.) Interest $38 $38 Expended 0 0 Refunded 0 0 Balance at $ 65,038 $65,038 6/30/2014 FY2014-15 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activity Year Balance at $ 65,038 Amount $ - 7/1/2014 Fees Collected 0 $ 65,000 Repayment Date na (est.) Interest $253 $291 Expended 0 0 Refunded 0 0 Balance at $ 65,291 $65,291 6/30/2015 Page I 24 Attachment A Dept.: Public Works Project: Parking Conversion Fund along Vallco 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 of Vall co 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 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: Sources Estimated Total Fund % and Date for Estimated Estimated Project Estimated Balance Expected Amounts of Funding to Beginning Completion Description Cost 6/30/2015 to be Funding be Deposited Date Date Funded Anticipated in Fund by Fees to Complete the Project Parking $450,000 $450,000 100% No Fees have Fall/2017 Summer/2022 Conversion additional been Fund along funds collected .. Vallco needed at Anticipated Parkway this time. initiation of project is Summer/2017 Page j 25 Attachment A Annual Report Amount of Fee: Estimated Full Cost of the potential improvements. FY2013-14 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activit~ Year Balance at $450,000 Amount $- 7/1/2013 Fees Collected $450,000 $450,000 Repayment Date na (est.) Interest $260 $260 Expended 0 0 Refunded 0 0 Balance at $450,260 $450,260 6/30/2014 FY2014-15 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activity Year Balance at $450,260 Amount $- 7/1/2014 Fees Collected 0 $450,000 Repayment Date na (est.) Interest $1,746 $2,006 Ex ended 0 0 Refunded 0 0 Balance at $452,006 $452,006 6/30/2015 Page I 26 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 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: 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 is still under construction. The City will begin monitoring activities in the fall of 2016. 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 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: Sources and Estimated Total Fund O/o Amounts of Date for Estimated Estimated Project Estimated Balance Expected Funding Funding to Beginning Completion Description Cost 6/30/2015 to be Anticipated to be Date Date Funded Complete the Deposited by Fees Project in Fund Funding of $850,000 $850,000 100% No additional Fall/ 2016 Fall/2016 Fall/2019 Neighborhood funds needed Cut-through at this time. Traffic and Parldng Intrusion Monitoring Page I 27 Attachment A Annual Report Amount of Fee: Estimated Full Cost of the Study and potential improvements. FY2013-14 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activity Year Balance at $850,000 Amount $- 7/1/2013 Fees Collected $850,000 $850,000 Repayment Date na (est.) Interest $491 $491 Expended 0 0 Refunded 0 0 Balance at $850,491 $850,491 6/30/2014 FY2014-15 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activity Year Balance at $850,491 Amount $ - 7/112014 Fees Collected 0 $850,000 Repayment Date na (est.) Interest $3,296 $3,787 Expended 0 0 Refunded 0 0 Balance at $853,787 $853,787 6/30/2015 Page I 28 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 in: a. Apple Campus 2: TM-2011-03: MitigationTRANS-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 DeAnzaBlvd Page f 29 Total Estimated Cost $250,000 Fund Balance 6/30/2015 $50,000 % Expecte d to be Funded by Fees 100% Sources and Amounts of Funding Anticipated to Complete the Project Fair share contributions from other developers that impact the corridor Estimated Date for Funding to be Deposited in Fund Developer contributions obtained when adjacent properties redevelop. Anticipated Summer/2020 Estimated Estimated Beginning Date Fall/2020 Completion Date Winter/2021 Attachment A Annual Report Amount of Fee: Contribution equivalent to 1/5 of the estimated cost of implementation FY2013-14 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activity Year Balance at $ 50,000 Amount $- 7/1/2013 Fees Collected $50,000 $ 50,000 Repayment Date na (est.) Interest $29 $29 Expended 0 0 Refunded 0 0 Balance at $ 50,029 $50,029 6/30/2014 FY2014-15 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activit~ Year Balance at $ 50,029 Amount $- 7/1/2014 Fees Collected 0 $ 50,000 Repayment Date na (est.) Interest $194 $223 Ex ended 0 0 Refunded 0 0 Balance at $ 50,223 $50,223 6/30/2015 Page I 30 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: TM-2011-03: Mitigation PLAN-3, dated 10/15/2013 for Tentative Map application ($250,000 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 location. 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: Sources and Estimated Total Fund % Amounts of Date for Estimated Estimated Project Estimated Balance Expected Funding Funding to Beginning Completion Description Cost 6/30/2015 to be Anticipated be Deposited Date Date Funded to Complete in Fund by Fees the Project Interstate $500,000 $250,000 100% Additional Developer Fall/2018 Winter/2019 280/Junipero Developer contributions Serra Channel Contributions obtained Trail are needed to when Improvements complete the adjacent project properties redevelop. Anticipated Summer/2018 Page I 31 Attachment A Annual Report Amount of Fee: Contribution equivalent to 1/2 of the estimated cost of implementation FY2013-14 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activit~ Year Balance at $250,000 Amount $- 7/1/2013 Fees Collected $250,000 $ 250,000 Repayment Date na (est.) Interest $144 $144 Expended 0 0 Refunded 0 0 Balance at $250,144 $250,144 6/30/2014 FY2014-15 Purpose of Inception Trust Fund Fiscal Expenditure To Date Loans/Transfers Activity Year Balance at $250,144 Amount $ - 7/1/2014 Fees Collected 0 $ 250,000 Repayment Date na (est.) Interest $969 $1,113 Ex ended 0 0 Refunded 0 0 Balance at $251,113 $251,113 6/30/2015 Page I 32 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: 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 Magdelena Avenue. • 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 below: Page/ 33 Five-Year Report Incomplete Project that Was Identified When Imposing the Fee: Project Description Planned Transportation Project fair- share contribution Total Estimated Cost Fund Balance 6/30/2015 Unknown $1,292,215 Annual Report % Expected to be Funded by Fees 100% Sources and Amounts of Funding Anticipated to Complete the Project Tobe identified by VTA Estimated Date for Funding to be Deposited in Fund When adequate funds have been acquired by the VTA to begin the project. Anticipated Summer/ 2018 Attachment A Estimated Estimated Beginning Date Completion Date Fa!l/2018 Fall/2019 Amount of Fee: Based on Fair-Share Contribution assessed by Environmental Impact Report FY2013-14 Trust Fund Activity Balance at 7/1/2013 Fees Collected Interest Ex ended Refunded Balance at 6/30/2014 FY2014-15 Trust Fund Activity Balance at 7/112014 Fees Collected Interest Expended Refunded Balance at 6/30/2015 Page I 34 Purpose of Inception Fiscal Expenditure To Date Loans/Transfers Year $1,292,215 Amount $ - $1,292,215 $1,292,215 Repayment Date na (est.) $747 $747 0 0 0 0 $1,292,962 $1,292,962