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Home My WebLink About2023-12-12; City Council; Resolution 2023-283RESOLUTION NO. 2023-283 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, ACCEPTING THE ANNUAL FINANCIAL INFORMATION REPORT ON CAPITAL PROJECT FUNDS AND SPECIAL TAXES WHEREAS, the City Council of the City of Carlsbad is required to make certain findings annually with respect to special taxes collected and expended pursuant to California Government Code Section 50075.3; and WHEREAS, the City Council of the City of Carlsbad, California is required to make certain findings every five years with respect to the unexpended fund balance of certain development fee funds pursuant to California Government Code Section 66001; and WHEREAS, the City of Carlsbad is required to annually report certain financial information related to capital funds established to track fees charged in connection with the approval of development projects pursuant to California Government Code Section 66006; and WHEREAS, the information to make the required findings can be found in the fiscal year 2023-24 Capital Improvement Program as adopted by the City Council on June 13, 2023. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, as follows: 1.That the above recitations are true and correct. 2.That the annual Financial Information Report on Capital Project Funds and Special Taxes (Attachment A) is accepted. 3.That for each developer fee identified in Attachment A these findings are made as required under California Government Code Sections 66001: a.That the purposes to which the developer fee is to be put have been identified. b.That a reasonable relationship has been demonstrated between the developer fee and the purpose for which it is charged. c.That all sources and amounts of funding anticipated to complete financing on incomplete improvements have been identified. d.That the approximate dates on which the funding referred to above is expected to be deposited into the appropriate fund have been designated. 4.That these findings are based on information contained in the fiscal year 2023-24 Capital Improvement Program, which is incorporated by reference. 5.That the report in Attachment A was compiled from data derived from audited financial records. 6.That the audited figures will also be available in the fiscal year 2022-23 Annual Comprehensive Financial Report, which is likely to be issued before the end of the calendar year. PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of Carlsbad on the 12th day of December, 2023, by the following vote, to wit: AYES: NAYS: ABSTAIN: ABSENT: Blackburn, Bhat-Patel, Acosta, Burkholder, Luna. None. None. None. \ KEITH �LACKBURN, Mayor SHERRY FREISINGER, City Clerk (SEAL) Bridge And Thoroughfare District #2 BEGINNING ENDING BALANCE OF CURRENT FY 2023-24 AND ESTIMATED BALANCE FEES INTEREST MISC. CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED EARNED REVENUES EXPENDITURES 6/30/2023 AT 06/30/2023 APPROPRIATIONS DATE PAID BY FEE Projects: Poinsettia Lane - Reach E Cassia Road To Skimmer Court 57,041$ 383,035$ -$ Complete 100% BTD #2 District Closeout in Process 972,100 In Progress 100% (1,387,858)$ 2,174,230$ 625,804$ -$ 57,041$ 1,355,135$ 383,035$ 972,100$ Total:1,355,135$ Loans: None Fee:Fee per LFMP Zone Average Daily Trip 5 453$ 20 2,348 21 1,895 LFMP - Local Facilities Management Plan For the year ended June 30, 2023 Capital Funds Subject to Gov. Code SEC. 66006 Financial Information Report Financial Information Report Capital Funds Subject to Gov. Code SEC. 66006 Bridge And Thoroughfare District (BTD) #3 BEGINNING ENDING BALANCE OF CURRENT FY 2023-24 AND ESTIMATED BALANCE FEES INTEREST CAPITAL OTHER BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED EARNED EXPENDITURES EXPENDITURES 6/30/2023 AT 06/30/2023 APPROPRIATIONS DATE PAID BY FEE Projects: BTD #3 District Closeout in Process -$ -$ 508,347$ In Progress 100% 502,820$ -$ 5,526$ -$ -$ 508,347$ -$ 508,347$ Total:508,347$ Loans: None For the year ended June 30, 2023 Financial Information Report Capital Funds Subject to Gov. Code SEC. 66006 and 50075.3 For the year ended June 30, 2023 Community Facilities District (CFD) #1 BEGINNING ENDING BALANCE OF CURRENT FY 2023-24 AND ESTIMATED PERCENTAGE BALANCE TAXES FEES INTEREST OTHER CAPITAL OTHER BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PAID BY 7/1/2022 COLLECTED COLLECTED EARNED REVENUE (1) EXPENDITURES EXPENDITURES 6/30/2023 AT 06/30/2023 APPROPRIATIONS DATE TAX/FEE Description Orion Center 21,837$ 30,434,157$ -$ In Progress 72% City Hall 10,302 729,509 50,000,000 2029-33 100% Cole Library Expansion - 5,988,000 2034-38 32% Veteran's Memorial Park 880,583 2,244,179 37,342,000 2023-24 100% Administration Costs 50,008 - 440,000 N/A 100% CFD Taxes 986,130 BTD Fees - Traffic Impact Fees Public Facilities Fees 738,422 93,823,523$ 986,130$ 738,422$ 974,476$ 170,844$ 912,722$ 50,008$ 95,730,667$ 33,407,845$ 93,770,000$ Total:127,177,845$ Loans: None (1) Consists of rental income received on city owned property and district annexation fees BTD Fees: Various Traffic Impact Fee: 4,540$ per unit - residential-single family 3,632 per unit - residential-condominium 2,724 per unit - residential- apartment 180 per trip - commercial/industrial Public Facilities Fee: 1.82% of building permit valuation CFD#1 Tax Rates: Various Financial Information Report Capital Funds Subject to Gov. Code SEC. 66006 For the year ended June 30, 2023 Park In Lieu Fees BEGINNING ENDING BALANCE OF CURRENT FY 2023-24 AND ESTIMATED BALANCE FEES INTEREST OTHER CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED EARNED REVENUE EXPENDITURES 6/30/2023 AT 06/30/2023 APPROPRIATIONS DATE PAID BY FEE Projects: Aviara Reimbursement Agreement -$ 219,100$ -$ Complete 100% Leo Carrillo Ranch Park Phase 3 - Stables Restoration and Restroom Construction - (1,195) - Complete 45% Leo Carrillo Ranch Park Phase 3B - - 2,564,000 2026-27 100% Monroe Street Pool Replacement 130,121 1,431,643 1,500,000 2023-24 64% Pine Avenue Park - Phase II (Community Building)- 792 - Complete 19% Robertson Ranch Park Development (Partial Funding)34,379 579,621 424,000 2023-24 100% Stagecoach Community Park Community Gardens 25,429 199,571 212,000 2023-24 100% 3,849,339$ 450,769$ 89,655$ -$ 189,928$ 4,199,835$ 2,429,532$ 4,700,000$ Total:7,129,532$ Loans: Received a $4,550,000 loan from the Public Facilities Fee Fund in 2007 for the acquisition of the Robertson Ranch Park Site. Land was purchased in 2008. Repayment is scheduled for 2033-37. Interest is not charged on this loan. Received a $1,900,000 loan from the Public Facilities Fee Fund in 2016 for the Aviara and Pine Avenue Community Park capital improvement projects. Repayment is scheduled as fees are collected. Interest is not charged on this loan. Current loan balance is $1,100,000. Reimbursement Agreements: A $332,500 reimbursement agreement from the Public Facilities Fee Fund in 1989 for repayment for any park development fees in SW quadrant. Repayment based on build out in zone, to date $113,400 has been paid. Fee: $3,696 to $5,728 per dwelling unit (NE, SW, and SE quadrants) $4,934 to $7,649 per dwelling unit (NW quadrant) Financial Information Report Capital Funds Subject to Gov. Code SEC. 66006 For the year ended June 30, 2023 Traffic Impact Fees BEGINNING ENDING BALANCE OF CURRENT FY 2023-24 AND ESTIMATED BALANCE FEES INTEREST CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED EARNED EXPENDITURES 6/30/2023 AT 06/30/2023 APPROPRIATIONS DATE PAID BY FEE Projects: Avenida Encinas Widening - South Of Palomar Airport Road 199,212$ 4,738,099$ 2,500,000$ 2024-25 81% Carlsbad Blvd. Realignment / Palomar Airport Road (Segment 2) - - 4,613,000 2034-38 18% El Camino Real And Cannon Road Intersection Improvements 173,119 226,144 - Complete 84% El Camino Real Right Turn Lane To East Bound Alga Road - - 438,000 2029-33 100% El Camino Real Widening - Arenal Road to La Costa Avenue 388,094 2,042,801 4,000,000 2023-24 100% Melrose Drive Right Turn Lane To West Bound Palomar Airport Road 20,667 729,654 - In Progress 100% Palomar Airport Rd. And College Blvd. Intersection Improvement 57,984 735,902 - In Progress 100% Sidewalk/Street Construction - Valley St. And Magnolia Ave.83,534 3,031,809 - 2024-25 65% Sidewalk/Street Construction - Various Locations 364,272 2,738,095 (500,000) Ongoing 30% Terramar Area Coastal Improvements 428,566 4,756,017 2,800,000 2024-25 63% Traffic Impact Fee Update 71,783 187,001 - 2023-24 100% Traffic Monitoring Program 116,093 194,010 - 2023-24 100% 18,725,103$ 1,654,082$ 253,549$ 1,903,324$ 18,729,410$ 19,379,531$ 13,851,000$ Total:33,230,531$ Loans: Received a $2,857,238 loan from the CFD #1 Fund for the construction of several circulation element roadways. Repayment is scheduled as fees are collected. Interest is not charged. Current balance is $1,525,948 Fees: $5,330 per unit - residential-single family 4,264 per unit - residential-condominium 3,198 per unit - residential-apartment 213 per trip - commercial/industrial Financial Information Report Capital Funds Subject to Gov. Code SEC. 66006 For the year ended June 30, 2023 Industrial Corridor Fees (Zones 5, 13 And 16-18) BEGINNING ENDING BALANCE OF CURRENT FY 2023-24 AND ESTIMATED BALANCE FEES INTEREST CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED EARNED EXPENDITURES 6/30/2023 AT 06/30/2023 APPROPRIATIONS DATE PAID BY FEE Projects: Business Park Recreational Facility -$ 18,000,000$ 2025-26 52% 4,584,262$ 98,262$ 46,157$ -$ 4,728,681$ -$ 18,000,000$ Total:18,000,000$ Loans: None Fee: $0.40 per square foot on new industrial & commercial construction Financial Information Report Capital Funds Subject to Gov. Code SEC. 66006 For the year ended June 30, 2023 Planned Local Drainage Fees BEGINNING ENDING BALANCE OF CURRENT FY 2023-24 ESTIMATED BALANCE FEES INTEREST CAPITAL BALANCE APPROPRIATIONS AND FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED EARNED EXPENDITURES 6/30/2023 AT 06/30/2023 APPROPRIATIONS DATE PAID BY FEE Projects: Pld Area A - Drainage Master Plan Facility AAA (Jefferson Street)-$ -$ 290,000$ 2034-38 100% Pld Area A - Drainage Master Plan Facility AAAA (Madison Street)- - 417,000 2034-38 100% Pld Area A - Drainage Master Plan Facility AC (Highland Drive)- - 922,000 2034-38 100% Pld Area A - Drainage Master Plan Facility AFA (Hidden Valley Drainage Restoration)- - 92,000 2034-38 100% Pld Area A - Drainage Master Plan Facility AFB (Calavera Hills Drainage Restoration)- - 164,000 2034-38 100% Pld Area B - Drainage Master Plan Facility BL-L (College Boulevard Bridge Reimbursement)- - 1,817,000 2034-38 100% Pld Area B - Drainage Master Plan Facility BFB-L + BF-1 (Tamarack And El Camino Real)- - 905,000 2034-38 100% Pld Area B - Drainage Master Plan Facility BB 1 and 2 (Washington Street)- - 1,087,000 2034-38 100% Pld Area B - Drainage Master Plan Facility BCB (Magnolia Avenue)- - 469,000 2034-38 100% Pld Area B - Drainage Master Plan Facility BL-U (College Blvd.)- - 385,000 2034-38 100% Pld Area B - Drainage Master Plan Facility BM (Cantarini/College Blvd. Box Culvert)- - 205,000 2034-38 100% Pld Area B - Drainage Master Plan Facility BQ (Sunny Creek)- - 132,000 2034-38 100% Pld Area B - Drainage Master Plan Facility BR (Canatarini/College Blvd. Pipe Drainage)- - 181,000 2034-38 100% Pld Area C - Drainage Master Plan Facility C2 (Paseo Del Norte)- - 728,000 2034-38 100% Pld Area C - Drainage Master Plan Facility CA (Avenida Encinas)- - 530,000 2034-38 100% Pld Area D - Drainage Master Plan Facility DBA (Poinsettia Village)- - 168,000 2034-38 100% Pld Area D - Drainage Master Plan Facility DBB (Avenida Encinas)- - 430,000 2034-38 100% Pld Area D - Drainage Master Plan Facility DFA (Batiquitos Lagoon Stormwater Treatment)- - 257,000 2034-38 100% Pld Area D - Drainage Master Plan Facility DH (Altiva Place Canyon Restoration)- - 233,000 2034-38 100% Pld Area D - Drainage Master Plan Facility DQB (La Costa Town Square Center)- - 746,000 2034-38 100% Pld Area D - Drainage Master Plan Facility DZ (Poinsettia Lane)- - 643,000 2034-38 100% Drainage Master Plan Update 26,547 71,246 - In Progress 100% Drainage Master Plan Update 22,316 35,807 - In Progress 100% Drainage Master Plan Update 7,130 56,064 - In Progress 100% DMP Facility BFB-U (El Camino Real)5,979 57,184 75,000 In Progress 100% 4,579,773$ 185,868$ 45,029$ 61,971$ 4,748,698$ 220,301$ 10,876,000$ Total: 11,096,301$ Loans: None Fee Per Gross Acre:Low Runoff Medium Runoff High Runoff Area A - Buena Vista Lagoon 7,985$ 15,879$ 34,602$ Area B - Agua Hedionda Lagoon 2,985 5,753 12,932 Area C - Encinas Creek 2,897 4,098 12,556 Area D - Batiquitos Lagoon 2,747 4,494 11,905 Financial Information Report Capital Funds Subject to Gov. Code SEC. 66006 For the year ended June 30, 2023 Public Facilities Fees BEGINNING ENDING BALANCE OF CURRENT FY 2023-24 AND ESTIMATED BALANCE FEES INTEREST OTHER CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED EARNED REVENUE (1) EXPENDITURES 6/30/2023 AT 06/30/2023 APPROPRIATIONS DATE PAID BY FEE Projects: El Camino Real Medians -$ -$ -$ TBD 43% Leo Carrillo Ranch Park Phase 3 - 48,985 - Complete 55% Leo Carrillo Park - Phase 3 Art 6,149 (6,149) - Complete 55% Cole Library Expansion - - 11,936,000 2034-38 63% Kelly Drive and Park Drive Complete Street Improvements 573 1,084,016 (87,000) In progress 17% Pine Avenue Park - Phase II (Community Building)- (26,003) - Complete 81% Poinsettia Community Park - Phase 4 - Dog Park 135,190 166,096 - Complete 100% Poinsettia Community Park - Phase 3 33,636 (0) - Complete 100% State Street Parking Lot Electric Vehicle Charging Stations 25,194 258,488 40,000 2023-24 100% Terramar Area Coastal Improvements 2,728 2,439,615 - 2024-25 16% Temporary Fire Station No. 7 989,463 132,537 - Complete 55% Valley and Magnolia Complete Streets - - 1,000,000 2024-25 18% Village H South Off Leash Dog Area And Trail Segment 5B 111,547 328,551 1,400,000 2027-28 100% 33,477,235$ 1,196,210$ 317,876$ 67,881$ 1,304,479$ 33,754,723$ 4,426,136$ 14,289,000$ Total:18,715,136$ (1) Consists of rental income received on city owned property. Loans: None Fee: 3.50% of building permit value Financial Information Report Capital Funds Subject to Gov. Code SEC. 66006 For the year ended June 30, 2023 Parking In Lieu Fee-Village Area BEGINNING ENDING BALANCE OF CURRENT FY 2023-24 AND ESTIMATED BALANCE FEES INTEREST BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED EARNED EXPENDITURES 6/30/2023 AT 06/30/2023 APPROPRIATIONS DATE PAID BY FEE Projects: Downtown Parking Lot Lease Payments (1)53,000$ -$ 1,108,168$ N/A 100% 1,146,591$ -$ 14,577$ 53,000$ 1,108,168$ -$ 1,108,168$ Total:1,108,168$ (1) The city currently leases parking lot areas from North County Transit District on an ongoing basis for village area parking. Loans: None Fee: $11,240 per parking space Financial Information Report Capital Funds Subject to Gov. Code SEC. 66006 For the year ended June 30, 2023 Habitat Mitigation Fee BEGINNING ENDING BALANCE OF ESTIMATED BALANCE FEES INTEREST BALANCE LOAN CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED EARNED EXPENDITURES 6/30/2023 AT 06/30/2023 DATE PAID BY FEE Projects: Payment Made on General Fund Loan 22,365$ 1,167,725$ N/A 100% (1,203,155)$ 57,082$ 744$ 22,365$ (1,167,694)$ 1,167,725$ Total: Loans:Received cash advances of $759,028 and $1,104,114 from the General Fund for the purchase of habitat land in 2011 and 2020, respectively. Repayment is scheduled as sufficient cash becomes available. Interest is charged annually on this loan at a rate equal to the average treasurer’s portfolio rate during the fiscal year. Current loan balance including accrued interest is $1,167,694 Fee: 38,647$ per impacted acre - coastal sage scrub 19,325 per impacted acre - non-native grassland 3,865 per impacted acre - agricultural land, disturbed land, eucalyptus wood Financial Information Report Capital Funds Subject to Gov. Code SEC. 66006 For the year ended June 30, 2023 Agricultural Mitigation Fee BEGINNING ENDING BALANCE OF CURRENT FY 2023-24 AND ESTIMATED BALANCE FEES INTEREST BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED EARNED EXPENDITURES 6/30/2023 AT 06/30/2023 APPROPRIATIONS DATE PAID BY FEE Projects: Community Grants and Contributions 38,220$ 470,757$ -$ N/A 100% Future Community Grants and Contributions 692,198 TBD 100% 1,186,588$ -$ 14,588$ 38,220$ 1,162,955$ 470,757$ 692,198$ Total:1,162,955$ Loans: None Fee: $10,000 per acre Financial Information Report Capital Funds Subject to Gov. Code SEC. 66006 For the year ended June 30, 2023 Sewer Benefit Area Funds (516/517) BEGINNING ENDING BALANCE OF CURRENT FY 2023-24 AND ESTIMATED BALANCE FEES CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED INTEREST EXPENDITURES EXPENDITURES 6/30/2023 AT 06/30/2023 APPROPRIATIONS DATE PAID BY FEE Projects: Future Projects (1)- 7,527,728$ TBD TBD 6,954,565$ 518,910$ 54,253$ -$ -$ 7,527,728$ -$ 7,527,728$ Total:7,527,728$ (1) The city is able to use the funds for similar capital projects in the same area as the SBA where the funds were collected. Loans: None Fees: 2,973$ Area C 2,979$ Area D 4,394$ Area E 4,417$ Area F 1,296$ Area H Financial Information Report Capital Funds Subject to Gov. Code SEC. 66006 For the year ended June 30, 2023 Wastewater Connection Fee Fund BEGINNING ENDING BALANCE OF CURRENT FY 2023-24 AND ESTIMATED BALANCE FEES OTHER CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED INTEREST REVENUE (1) EXPENDITURES 6/30/2023 AT 06/30/2023 APPROPRIATIONS DATE PAID BY FEE Projects: Buena Interceptor Sewer/Manhole Rehabilitation 16,664$ 527,018$ -$ In Progress 4% El Fuerte Lift Station Pump Addition 327 179,673 650,000 2024-25 100% Faraday/El Camino Real Sewer Replacement 25,918 1,692,681 1,100,000 2023-24 100% Las Palmas Trunk Sewer - 556,000 2,640,000 2026-27 100% Sewer Capacity Monitoring Program 40,744 311,088 308,000 In Progress 100% Sewer Modeling - 222,243 (100,000) In Progress 100% Vista Carlsbad Interceptor - Buena Vista Lift Station Improvements - 154,265 134,000 2025-26 10% Vista/Carlsbad Interceptor - Agua Hedionda Lift Station/Forcemain (Vc12-Vc13) (2)2,175,209 573,040 220,000 In Progress 31% Vista/Carlsbad Trunk Line Interceptor (Reach 11B) (2)150,621 15,146 - Completed 31% Vista/Carlsbad Trunk Line Interceptor (Reach 13-15) (2)723,255 102,868 - Completed 44% Vista/Carlsbad Trunk Line Interceptor (Reach 3) (2)- 100,000 822,000 2023-24 10% 3,986,015$ 618,740$ 130,127$ 1,213,660$ 3,132,737$ 2,815,805$ 4,434,023$ 5,774,000$ Total:10,208,023$ Loans: Received a $3,500,000 loan from the Wastewater Replacement Fund. Repayment is scheduled for 2025-2034. Interest is not charged on this loan. This loan is not included in the ending balance above. (1) Includes the City of Vista's share of the joint capital projects. (2) These are joint projects with the City of Vista - the percentage shown as paid by fee is Carlsbad's construction percentage of the total future appropriations. Non-construction Carlsbad percentages are 35%. Fee: $1,156 - General Capacity Fee for all Areas ._ _ _ _ _ _ _ _ _ . I