TITLE
Recommendation to adopt resolution and findings approving the Park Impact Fee Report for Fiscal Year 2008. (Citywide)
DISCUSSION
The Fiscal Year 2008 (FY 08) Park Impact Fee Annual Report was prepared in accordance with Municipal Code Section 18.18.160, and California Government Code Section 66006, to update the City Council on the status of the Park Impact Fee Fund.
This report covers the fiscal year ending September 30,2008.
In February 1989, the Long Beach City Council established the Park Impact Fee for parkland acquisition and improvements. The Park Impact Fee was originally imposed on all new residential development to mitigate the impact of increased population from those new developments on parks and park facilities. The fees were based on a citywide recreation standard, the projected growth in population, and the estimated cost to provide the new and expanded recreational facilities needed to serve the increased population at the citywide standard. (1)
Since inception and through September 30, 2008, $13,151,570 in fees, interest, and "in lieu" contributions have been received. Park Impact Fees are typically used for small park improvement projects for which no other funding is available, or are used to fill in gaps in other funding to bring a project to completion. The fees have purchased 15.24 acres of new or expanded parks, built 9,382 square feet of community recreation center buildings, developed a one-third-acre nature reserve, and provided the equivalent of one new soccer field through lighting night play. Three new projects received Park Impact Fee funding during FY 08: Molina Park, Golden Shore Marine Reserve, and the band shell in Bixby Park. Attachment A summarizes Park Impact Fee revenues and
expenditures. Attachment B is the development impact fee program plan progress, including the projects originally planned to be funded by this fee and modifications to the plan since its inception.
During FY 08, $765,268 was received from fe...
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