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HomeMy Public PortalAbout2013.049 (04-16-13)RESOLUTION. 2013.049 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD ADOPTING THE DEVELOPMENT IMPACT FEE FIVE YEAR REPORT AND RESCINDING CERTAIN IMPACT FEE CATEGORIES WHEREAS, on May 2, 2006, the City Council of the City of. Lynwood adopted Ordinance No. 1574, establishing the Public Facilities Development Impact Fee (PFDIF) and the Transportation Development Impact Fee (TDIF) programs in the City of Lynwood; and f WHEREAS, California Government Code Section 66001d requires; that five years after collecting a development fee subject to this code section and every five years thereafter, the local agency shall make findings with respect to any portion of the fee remaining unexpended, whether committed or uncommitted. These;findings must: 1. Identify the purpose of the fee; 2.. Demonstrate the reasonable relationship between the fee and the purpose for which it was charged; 3. Identify all sources and amounts of funding anticipated to complete financing of incomplete improvements; 1 4. Designate the approximate dates on which these funding sources can be expected to be deposited into the appropriate account or fund; and WHEREAS, on June 30,'-'2012 the City had unexpended funds in its DIF accounts; and WHEREAS, the City retained PMC to prepare a Development Impact Fee Five - Year Report (Report) to support the above findings with respect to said unexpended DIF funds; and WHEREAS, since the Noise Monitoring and Childcare development impact fees, originally adopted as part of the PFDIF program, have not served their original purpose of funding these types of facilities, it would be appropriate to rescind these fees; and WHEREAS, Sec 11 -19.3d of Ordinance 1574 provides that the City Council by Resolution may amend or modify the categories of the public facilities funded by the PFDIF, the Report recommends that the Noise Monitoring and Childcare fee categories be rescinded and the fee amounts for these categories no longer be collected; and WHEREAS, on April 16, 2013, the City Council held a duly noticed public hearing on the Report and its findings with an opportunity for the public to be heard, pursuant to the provisions of Government Code §§ 66016 - 66018; and NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES HEREBY FIND, PROCLAIM, ORDER AND RESOLVE AS FOLLOWS: Section 1: That the City Council of the City of Lynwood finds,and determines that the Report complies with California Government Code §66001d by „establishing the basis for the continued imposition of the fees on new development.- This finding. is based on the fact that the attached Report: (a) Identifies the purpose of the fees; (b) Demonstrates a reasonable relationship between.thefees and, the purpose for which it is charged; (c) Identifies all sources and amounts of funding anticipated to complete financing of incomplete improvements; (d) Designates the approximate time frames on which these funding, sources can be expected to be deposited into theappropriate account or fund. Section 2: That the °City Council rescinds the Noise Monitoring- and_ Childcare fee and discontinue collection- of the development impact fee for these purposes. Section 3: That this Resolution shall take effect immediately upon its adoption. PASSED, APPROVED and ADOPTED this 16th day of April, 2013. ATTEST: Maria Quinonez, City Clerk APPROVED AS TO FORM: Salvador Alatorre, Mayor ere .0 A 0 00 Roger L. Haley7City Manager APPROVED AS TO CONTENT: Fred Galante, City Attorney !:sef� ekula, Acting Director Public Works STATE OF CALIFORNIA ) § COUNTY OF LOS ANGELES ) I, the undersigned City Clerk of the City of Lynwood, do hereby certify that the above and foregoing resolution was duly adopted by the City Council of the City of Lynwood at a regular meeting held in the City Hall of said City on the 16th day of April 2013, and passed by the following vote: AYES: COUNCIL MEMBERS CASTRO, SANTILLAN -BEAS, MORTON, RODRIGUEZ AND ALATORRE NOES: NONE • ABSENT: NONE Maria Quinonez, ity Clerk STATE OF CALIFORNIA ) § COUNTY OF LOS ANGELES ) I, the undersigned City Clerk of the City of Lynwood, and Clerk of the City Council of said City, do hereby certify that the above and forgoing is a full, true and correct copy of Resolution No. 2013.049 on file in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this 16t" day of April, 2013. Maria'Quinonez, City Cler EXHIBIT A City of Lynwood Development Impact Fee Five Year Report FY 2006 -07 to FY 2011 -12 INTRODUCTION The City of Lynwood adopted the Comprehensive Impact Fee Study, prepared by PMC dated March 29, 2006, by Resolution No. 2006 -067 on May 2, 2006 and imposed development impact fees effective July 2, 2006 on new development pursuant to Ordinance No. 1574 in the following facility categories: Public Facilities Development Impact Fee (PFDIF) • .• • • Police Services Parks and Recreation Civic Center /City Garage Water Facilities Wastewater Facilities Noise Monitoring System Technological Enhancements Childcare PFDIF Administration Transportation Development Impact Fee (TDIF) • Transportation Facilities • TDIF Administration Current Fee Schedule The original fee schedule shown in Table 1 below has not been revised since its adoption 2006: Table 1 - Impact Fee Schedule Facility Category Police Services Parks and Recreation Civic Center /City Garage Water facilities Wastewater facilities Noise - Monitoring System Technological Enhancements Childcare PFDIF Subtotal 5% Public Facilities Land Use Type Single Multi - Family Family Commercial Industrial Office Fee per Dwelling Unit Fee per 1,000 Building Square Feet $413.32 $413.32 $29.63 $12.52 $35.39 $2,270.10 $2,270.10 $0.00 $0.00 $0.00 $145.70 $145.70 $10.44 $4.41 $12.47 $1,381.25 $1,381 25 $2,244.53 $1,381.25 $1,381.25 $347.17 $208.30 $433.96 $267.32 $267.32 $0.42 $0.42 $0.03 $0.01 $0.03 $35.02 $35.02 $2.55 $1.06 $3 00 $0.00 $0.00 $7.14 $3.02 $8.53 $4,592.98 $4,454 11 $2,728,28 $1,669.59 $1,707 99 $229 65 $222 71 $136.41 $83 48 $85 90* Five Year Impact Fee Report Fiscal Years 2007 -2012 City of Lynwood March 11, 2013 Page 2 of 12 Administration Fee Transportation facilities 5% Transportation Administration Fee $320.67 $16.03 $224.47 - $1,439.81 _$234.09 $368.77 $11.22 $71.99 $11.70 $18 :44 Total $5,159 $4,913 $4,376 $1,999 $2 ;181 *5% of the PFDIF subtotal for Office is actually $85.40; $85.90 is the fee pe,r the Master-Fee; Schedule BACKGROUND Government Code Section 66001 et seq. requires local agencies to provide an accounting of impact fees charged for development projects,. Effective January 1, 1989, Assembly Bill 1600 required new accounting guidelines with. respect to the imposition and use of such fees. Effective January 1,- 1997, -SB -1:693 further amended and expanded the provisions of the Government. Code with respect to accounting and reporting requirements. The City has two basic accounting and reporting responsibilities under the Government Code. Section 66001(d) requires that, five years after collecting, a development fee subject to this code section and every five,years thereafter, the local agency shall make findings with respect to any portion of ,the fee remaining unexpended, whether committed or uncommitted. These findings must: 1. Identify the purpose of the fee; 2. Demonstrate the reasonable relationship between the fee and'the purpose for which it was charged; 3. Identify all sources and amounts of funding anticipated to complete financing of incomplete improvements; 4. Designate the approximate dates on which these funding sources can be expected to be deposited into the appropriate account.orfund.. When sufficient funds have been collected to complete financing on incomplete public improvements, the focal agency has 180 days to identify an approximate date by which construction of the public improvement, will, begin or else is required to refund the unexpended fees, including accrued interest,"to the current owner of lots or units of the development project. DISCUSSION Included in this report is the financial information required. by the Government Code as of June 30, 2012. The information consists of beginning and ending fund balances for each fee category charged by the City, including interest earned, and details of all expenditures made from these sources. - Any changes to committed funds will be made through normal procedures for adoption of the Five Year Impact Fee Report , Fiscal Years 2007 -2012 City of Lynwood March 11, 2013 Page 3 of 12 City's Capital Improvement Program and budget. For convenience, this report covers six (6) fiscal years since the beginning of the fee program on July 2, 2006. The City utilizes fund accounting to segregate development related fees from other City revenues. Although the City pools its cash for investment purposes, interest income is allocated to the various funds based on their respective cash balances. City staff examined the accounts to determine if any development fees collected between July 1, 2006 and June 30, 2012 remain unexpended. If all fees collected within this period were expended, no additional findings would be required under Code Section 66001(d). However, as shown in the following Table 2, unexpended fee revenues for all categories of impact fees were remaining on June 30, 2012 in the total amount of $617,998. Table 2 - Summary of Impact Fee Revenues and Unexpended Funds Available Funds Fiscal Year 2006 -07 2007 -08 2008 -09 2009 -10 2010 -11 2011 -12 Revenues Expenditures (End of Beg,nning Fund Balance 9)) 5235113 $415,785 $612,117 $393,445 $186,453 (2006 -2012) (2006 -2012) FY 2012) Fund 33430 33435 33440 33445 33450 33455 33460 33465 33470 33475 33480 35101 Police Sen-,ces 518,599 $12,166 $3,538 55,372 $1,976 541,790 $83,442 $0 $83,442 Parks & Recreation 5101,262 560,661 $13,621 529,510 $9,080 $227,010 $441,144 (9561,892) ($120,748) Civic Center/City Garage $8,285 $4,289 $1,248 51,895 $688 $14,731 $31,135 50 $31,135 Water Facilities 574,380 565,953 $106,940 521,080 535,707 $178,222 5482,282 50 - 5482,282 Wastewater Facilities $883 513 $651 56 $3 $22,208 $23,765 $0 $23,765 Noise Monitoring System 50 50 $3 $0 50 542 $45 $0 $45 Technological Enhancements $3,630 51,412 5555 $455 5169 33,541 59,763 50 $9,763 Childcare .$0 $0 50 50 580 9110 $190 50 $190 Transportation Facilities $13,698 59,496 $29,142 $3,364 $16,744 $40,738 5113,182 5)) 5113,182 PDIF Administration $1)1,520 $7,500 57,070 $3,083 $2,508 $25,716 $56,398 (561,958) ($5,560) TDIF Administration $0 59,193 $25,440 50 $831 $6,436 $41,900 ($41,900) $0 Interest $3,755 $10,088 $8,124 52,939 $735 $1,384 527,026 (526,525) 5501 Total Revenues 8235,013 5180,771 $196,333 867,705 568,522 9561,928 $1,310,272 ($692,275) 8617,997 Revenues from the DIF program are expended as part of the City's Capital Improvement Program (CIP) and process. The CIP is the City's operating document and financial investment plan for all existing City infrastructure project improvements and new capital outlay projects. The City administers its CIP program on a year -to -year basis, ensuring high quality capital projects are being completed each fiscal year. The City organizes its capital projects into four major categories. 1. Transportation Improvement Projects: Includes all street, sidewalk, traffic signals, street lighting, median - islands, bus shelters, striping, and storm drain capital improvements. 2. Water Utility Improvement Projects: 3 Five Year Impact Fee Report Fiscal Years 2007 -2012 City of Lynwood March 11, 2013 Page 4 of 12 Includes all water and sewer capital improvements. 3. Public Facility Improvement Projects: Includes improvements to all City -owned buildings, and public- related facilities. 4. Park Improvement Projects: Includes improvements to all parks and open space areas. The following tables list the infrastructure improvement projects within these major categories that were identified in the 2006 fee study as needed, for future development in the City, all costs are in 2006 dollars. Tables 3, 4 and .5.show both the existing and future development's share of the improvement costs: The existing population's share is referred to as "other funding sources" and represents the share of the cost needed to remedy existing facility deficiencies: 4 Five Year Impact Fee Report Fiscal Years 2007 -2012 City of Lynwood March 11, 2013 Page 5 of 12 Table 3 - Planned Transportation Improvement Projects Project Number' 05 -5258 05 -5269 05 -5296 05 -5299 Street State Street Phase II Abbott Rd. Alley Improvements Street Improvements Proposed projects: Imperial Hwy Abbott Rd. MLK Blvd. Location /segment Bull's to East City hmits MLK Blvd. to Atlantic Ave. Alameda St. to Wright Rd. Total Street Improvements Traffic Impact Fee Funding Total Project $ 671,850 90,000 400,000 4,300,000 2,500,000 1,300,000 1,000,000 $ 10,261,850 $ 1.754.100 From 2005 City CIP Sources: Ciy of Lynwood CIP, Lynwood Czty staff Table 4 — Planned Water Utility Improvement Projects Facility Pipeline Improvements 8 -inch diameter 10 -inch diameter LF of 10 -inch diameter LF of 12 -inch diameter Subtotal Long Beach Blvd (Tweedy -MLK) upgrade to 12 and 16 -inch diameter Abbott Rd (MWD connection to LB Blvd) new 12 -inch diameter Well Construction Land Acquisition (allowance) Electrical Generators MWD Connection New 3 MG Reservoir SCADA System Total Quantity (as shown) 30,5091f $ 7,1931f 9,086 if 1,752 if Estimated cost 48,5401f $ 8 wells NA 5 1 2,440,000 720,000 1,040,000 270,000 4,470,000 700,000 650,000 11,920,000 600,000 1,075,000 800,000 4,855,000 100,000 $ 25,170,000 Notes: Facilities are designed to serve current and future population. Serves residential and non - residential to provide capacity and meet fire flow demands. Excludes the Park Water Co. service arca. Sources • Lynwood Water Master Plan (2005) 5 Five Year Impact Fee Report Fiscal Years 2007 -2012 City of Lynwood March 11, 2013 Page 6 of 12 Of the approximately $25.2 million in water system improvements identified in the 2006 study, only $3.8. million was the obligation of new development, .over.$21 . million was to come from other sources, such as user fees. The 2006 fee study also included $6.6 million in unspecified wastewater improvement's of which $570,000 was allocated to new development. Public Facilities Planned public facilities include the Civic Center and City Garage, Police Facility, and Technological Enhancements. Table 5 — Planned Public Facility Improvements Facility Costs Police Office - 8000 sf $ 4,300,000 Land acquisition /relocation 2,000,000 Facility Capital Equipment 650,000 Capital equipment 210,000 Consultant study 40,000 Total $ 7,200,000 Total Facilities To Accommodate Growth 570,000 Civic Center /City Garage Annex Building Rehabilitation $ 1,483,000 including underground tanks City Garage $ 443,550 City Hall Expansion $ 229,000 Total $ 2,155,550 Total Facilities To Accommodate Growth $ 201,100 Technological Enhancements Financial Management System $ 540,000 Electronic messaging & file storage $ 50,000 Local Area Network (LAN) $ 20,000 Total $ 610,000 Total Facilities To Accommodate Growth $ 48,000 Notes: Facilities serve current and future population. Serves residents and workers. Sources: City of Lynwood, PMC Planned Park Improvements 6 Five Year Impact Fee Report Fiscal Years 2007 -2012 City of Lynwood March 11, 2013 Page 7 of 12 The 2006 fee study did not identify by name any specific park improvements needed to accommodate new development. Instead, the total acquisition and development cost of the acreage needed for park facilities to serve new development was given as $2,815,000. This total was derived from the acreage of existing park land and population in 2006, about 0.7 acres per 1,000 population, and the cost of park acquisition and development estimated at $700,000 per acre. In addition to the above, costs were identified for noise monitoring: $7,100 ($584 for new development), and child care: $60,000 ($14,000 for new development). Thus, approximately $10 million in improvements were identified for new development occurring between 2005 and 2020 and approximately $80 million in other funding sources to meet the existing population's share. Fee Revenue Projection 2006 -2012 Table 6 below shows a comparison of the fees collected over the first five years of the impact fee program as a percentage of what the 2006 study projected over the entire 15 years of the program. The overall total of only 12% indicates that growth over the last five years was about one -third of what was projected in the 2006 study. Table 6 — Actual Revenues as a Percentage of Projected Revenues Ponce services Parks & Recreation Civic Center /City Garage Water Facilities Wastewater Facilities Noise Monitoring System Technological Enhancements Childcare Transportation Administration (total TDIF and PFDIF) Revenues (2006 -2012) $83,442 $441,144 $31,135 $482,282 $23,765 $45 $9,763 $190 $113,182 $98,298 Projected Revenues 2006 -2020 Total $1,283,247 $570,000 $2,815,000 $201,100 $3,760,500 $762,800 $584 $48,000 $14,000 $1,754,100 $522,916 $10,449,000 Percentage Actual of Projected 15% 16% 15% 13% 3% 8% 20% 1% 6% 19% 12% Expenditures 2006 -2012 The following table shows the actual expenditures from the impact fee funds: 7 Five Year Impact Fee Report Fiscal Years 2007 -2012 City of Lynwood March 11, 2013 Page 8 of 12 Expenditures General Fund - Transfers Out (admin) CIPS- Transfers Out (Natatorium)(parks /recreation) CIPS - Transfers Out (Natatorium) (parks /recreation) $ Subtotal Expenditures $ 2006 -07 2007 -08 2008 -09 '2009 -10 201.0 -11 201142. $ (130,383) $ (286,378) - $ - $ - $ 7 $(275,514) $ -, - $ - $ - $(286,378) $(275,514) $(130,383) Total Annual Net Change $ 235,013 $ 180,771 $ 196,333 $(218,673) $(206,992) $-43.1,545 Only park and recreation projects have received impact fee funds :since 2006. $561,892 has been spent on the Natatorium and other park i mprovements against $441,144 in actual park fee revenues, meaning the park' and recreation impact fund is in deficit in the amount of $120,748. The General "Fund has, in effect, advanced funds to the park system. The PFDIF Administration "Fee also shows a deficit- of $5,560, although it appears that the actual 'deficit :should-be higher. In FY 2011 -12, $130,383 was transferred to the "General Fund for administration while only $98,298 was collected in the PFDIF and TD .IF administration accounts, leaving an actual_ deficit of :$32;085, (see Table 2). Impact fund interest was used to cover part of this deficit; the interest on impact funds should revert to the funds themselves to be used for improvements. City Capital Improvement Program (CIP) Budget Process The City Council adopts the CIP Budget by utilizing new revenue sources. and carry-over allocated funding from on -going projects for the previous -fiscal. year(s).. The City also prepared a 5 -Year CIP covering the period FY 2012 -13 to FY 2016- 17 to identify priority capital needs and develop a strategic plan to- replace and upgrade existing aging infrastructure over the next several years. Revised Fee Revenue Projections for 2013 -2018 An impact fee revenue projection was made for the period: 2013 -2018 based on the population, housing and employments forecast for Lynwood by :the `Southern California Association of Government's Regional Transportation Plan - Sustainable Communities Strategy. Lynwood's population is. projected to grow to approximately 71,250 over the next five years. Housing units ,are... expected to increase by 170, and 180,000 square feet of combined retail,, industrial and` office floor area will be added based on an estimated 180 new workers: Table 7 below shows a revised DIF revenue projection for the next five .years based on the current fee rates (not including the proposed updated Civic Center /City Garage impact fee, or an inflation increase), arid revised growth projections. This table may be used for planning purposes to develop the next 5- year CIP budget. The projected total fee revenues for the next five years. "(not including interest) is slightly more than the total actual revenues" over the previous five years. 8 Five Year Impact Fee Report Fiscal Years 2007 -2012 City of Lynwood March 11, 2013 Page 9 of 12 Table 7 - Revised Projected DIF Revenues 2013 -2018 Facility Category Residential Commercial' Total Police Services $70,264 $4,652 $74,916 Parks & Recreation $385,917 $0 $385,917 Civic Center /City Garage $24,769 $1,639 $26,408 Water facilities $234,813 $300,422; $535,235 Wastewater facilities $59,019 $58,116' $117,135 Noise- Momtortng System $71 $4 $75 Technological Enhancements $5,953 $394 $6,347 Transportation facilities $54,514 $122,560: $177,074 Childcare $0 $1,121; $1,121 Subtotal $835,320 $488,908; $1,324,228 Administration 5% ' $41,766 $24,445 $66,212 Total $877,086 $513,353; $1,390,439 The City's CIP program is funded by a variety, of revenue sources including Federal, State, regional and local funding sources, in addition to being supported by City funds including development impact fee revenues. As a result of the City's improved credit rating over the last few! years, the issuance of bonds contributed heavily to the financing of major capital projects. The majority of the City's CIP budget revenue base is based upon revenue sources other than City funds. At this time, impact fee revenues have not been earmarked for specific projects within the CIP budget but will be assigned and committed as eligible projects move forward to final design and financing. It is the City's intent to expend impact fee revenues at the time DIF - eligible improvements are constructed. Table 8 below presents expected uses for the impact fee revenues projected in Table 7 plus the current unexpended funds in the DIF accounts: 9 Five Year Impact Fee Report Fiscal Years 2007 -2012 City of Lynwood March 11, 2013 Page 10 of 12 Table 8 — Potential Uses for Unexpended and Projected Impact ,Fee Revenues Project Description Police Services Video Surveillance and Monitoring. Parks & Recreation Park enhancements and new park, development Civic Center /City Garage City Hall Expansion /New Council Chambers Water facilities New reservoirs Wastewater facilities SCADA System Noise - Monitoring System Technological Enhancements LAN Improvements Transportation Facilities Traffic Signal Coordination Childcare Childcare needs assessment $1,311 Total $1,947,286 Projected Expenditures 20.13- 2018 Funds Needed from Other Impact Fee: Sources $158,359 $265,169 $57,543 $1,017,516 $140,900 $121 $16,111 $290,256 $250,000 $8,015,736 $3,028,761 $14,373,643 $7,229,400 $11,000 $150,000 $19,454,249 $4,000, $52,516,789 Other Funding Sources General. Fund, bond funds Prop.84, Grants Bond Proceeds; Water _Fund; Water, fund ,and =Bond Proceeds` 'Sewer fund and Bond Proceeds General Fund Water. and Sewer funds. ,Prop C, 'Measure R, Grants General .Fund Completion of the projects in the above table is contingent on the 'City receiving . funds, both from impact fee revenues and the other funding sources indicated. RECOMMENDED AND PLANNED IMPACT FEE PROGRAM. REVISIONS Civic Center /City Garage Fee Update The City has plans for a major expansion of its City Hall facilities including, new City Council Chambers. A $12.3 million cost estimate for the project has been 10 Five Year Impact Fee Report Fiscal Years 2007 -2012 City of Lynwood March 11, 2013 Page 11 of 12 presented to the City Council for approval. An updated Civic Center /City Garage Fee Study report is being reviewed by the City and may be scheduled for a public hearing along with this report. The updated Civic Center fee report recommends increasing the Civic Center /City Garage impact fee in proportion to the estimated cost of the civic center improvements. The projected revenues from the updated fees are estimated to be approximately $600,000. This updated projected fee revenue for the Civic Center /City Garage component is not reflected in Table 7. The updated fee report also recommends deleting Technological Enhancements as a separate fee category and folding future technology costs and fee revenues into the updated Civic Center /City Garage fee program. Noise Monitoring and Childcare Due to changed City priorities the Noise Monitoring and Childcare categories are proposed to be rescinded. The amounts collected and the unexpended funds for these facilities are negligible. Therefore, the funds currently available for Noise Monitoring and Childcare, $45 and $190, respectively, may be transferred to either the administrative account, or distributed to the other facility categories. FINDINGS IN ACCORDANCE WITH GOVERNMENT CODE 66001(D) As stated above in the Background section of this report there are four findings required for unexpended funds in the impact fee program: 1. Identify the purpose of the fee. For each facility category in Lynwood's impact fee program the City identifies the improvements or funding amounts necessary to construct or acquire facilities needed to accommodate growth. Tables 3, 4 and 5 summarize the facility descriptions and costs listed in the 2006 Comprehensive Impact Fee Study, which established the nexus and original findings for Lynwood's fee program. The improvements identified in those tables, and more specifically in Table 7, remain applicable for the next five -year reporting cycle. 2. Demonstrate the reasonable relationship between the fee and the purpose for which it was charged. In the 2006 fee study the fees were calculated by proportionately allocating the costs of each improvement between existing and future development on the basis of equivalent dwelling units. Through this procedure future development will pay only its fair share for the improvements needed by the City's entire projected future population. With the exception of the Civic Center /City Garage, the Noise Monitoring, and the Childcare fees discussed above, the fee rates may remain in 11 Five Year Impact Fee Report Fiscal Years 2007 -2012 City of Lynwood March 11, 2013 Page 12 of 12 effect as they will be needed to fund new development's share of new, expanded or upgraded facilities. However, as provided for °in' Ordinance 1754, the rates should be updated to reflect the increase in the established inflation index: the Engineering` News Report, 20- cities Construction Cost Index for the Los Angeles Area. The increase :would be based on the ENR -CC.I for April, 2012. 3. Identify all sources and amounts of funding anticipated to complete financing of incomplete improvements. Table 7 lists both the projected impact fee revenues for the, period 2013- 2018 and other funding sources. The time frame of when funding is anticipated is highly dependent on both the source and .use. of funds. This is particularly the case with bonds and grant funding, which are typically associated` with a specific projects. 4. Designate the approximate dates on which these funding sources can: be expected to be deposited into the appropriate account or fund. Impact fee funds will be deposited when receiyed: Other funds will be encumbered into specific project accounts when the projects are approved by City Council. Pursuant to Government Code 66001(e), within 180 days of a determination that sufficient funds have been. collected, the., City ,will: identify an approximate date for the commencement of='construction of public improvements for which the impact fees were collected'. 12