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HomeMy WebLinkAbout1988-06-20; Parks & Recreation Commission; 688-5; Zone 5 Park Mitigation Fee updatePARK & RECREATION COMMISSION - AGENDA BILL AB4 688-5 MTG 6-20-88 DPPT P & R TITLE- ZONE 5 PARK MITIGATION FEE UPDATE DEPT. HD. P.1TY ATTY CITY MGR. RECOMMENDED ACTION: Accept and File. ITEM EXPLANATION: At the May 16, 1988, Parks and Recreation Commission meeting, an update of the Zone 5 Park Mitigation Fee was given. As a follow up to that discussion, a memo from the Finance Director outlines the amount of funds which have been billed to and collected from Zone 5 developers. FISCAL IMPACT: •z.o \-u< zo c/>c/1 Total amount billed to Zone 5 Park Fees (account #880-519-93-05- 0000) three hundred seventy eight thousand, one hundred thirty eight dollars ($378,138). Total amount collected to date, two hundred three thousand, eight hundred sixty four dollars ($203,864). EXHIBITS; 1. Memo - Phil Carter 2. Memo - Finance Director Ou 023 MEMORANDUM MAY 19, 1988 TO: DAVE BRADSTREET, PARKS AND RECREATION DIRECTOR FROM: PHILIP O. CARTER, GROWTH MANAGEMENT MANAGER SUBJECT: COLLECTION OF THE LOCAL FACILITY MANAGEMENT FEE IN ZONE 5. During my presentation to the Parks and Recreation Commission Monday night I provided them some brief information dealing with the amount of funds that have been collected in Zone 5 as a result of the adoption of the Local Facilities Management Fee for parks. As you are aware the fee being collected by the City is $.40 per sg^iare foot of development. Attached is a memo to the Community Development Director from the Finance Director which details the amount of funds that have been collected to date. As you can see $378,138.00 have been billed and a total of $203,864.80 have been collected. POC:af Attachment EXHIBIT 1 DATE: MAY 17, 1988 TO: COMMUNITY DEVELOPMENT FROM: FINANCE DEPARTMENT The amounts below represent the status of the accounts as of the date listed above. These figures will be provided on a weekly basis. 7 PUBLIC FACILITY FEES 320-210 FACILITY MGMT FEES 880-518-93-06-0000 ZONE 5 PARK FEES 880-519-93-05-0000 TOTAL BILLED $1.982.785.75 TOTAL CANCELED $117.543.10 TOTAL $1,865.215.65 TOTAL PAID $1,071,484.79 LESS REFUNDS TOTAL DUE $5.157.94 $793,730.86 $277.140.00 $35.030.00 $242,110.00 $70,370.00 -0- $171,740.00 '$370.138.00 -0- $370,138.00 $203.864.80 -0- $166,273.20 James Elliott Finance Director JE/ma cc: City Attorney City Manager 025 EXHIBIT 2 DATE: MAY 17, 1988 TO: COMMUNITY DEVELOPMENT CITY MANAGER CITY ATTORNEY SUBJECT: PAYMENT REPORT OF PUBLIC FACILITY FEES, FACILITY MANAGEMENT FEES, AND ZONE 5 PARK FEES Due to computer program difficulties, the weekly report cannot be issued this week. Please mark last weeks report with the following invoices paid: Inv.# 828 Inv.# 854 Inv.# 855 Inv.# 878 Inv.# 886 Inv.# 990 $16,322.22 $2,500.00 $2,500.00 $103,874.46 $1,500.00 Paid in full Partial Payment Partial Payment Paid in full Partial Payment $39,370.00 increased to $40,610.00 (Not Paid) James Elliott Finance Director JE/ma 02G EXHIBIT 2