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File #: CM 20-342   
Type: Committee Memo Status: Presented
File created: 11/20/2020 In control: Committee of the Whole - Finance, Administration, and Communications
On agenda: 11/24/2020 Final action: 11/24/2020
Title: 2019 Impact Fee Collection and Distribution Report
Attachments: 1. Agenda Memo, 2. Attachment A: 2019 Impact Fee, 3. Attachment B: 2019 Impact Fee Summary
TO: Committee of the Whole - Finance, Administration, and Communications
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
Finance
Malisa Files
425-556-2166

DEPARTMENT STAFF:
Finance
Julie Elsom
Accounting Manager


TITLE:
title
2019 Impact Fee Collection and Distribution Report


OVERVIEW STATEMENT:
recommendation
Review the Impact Fee Report for 2019. The report is presented for information purposes only per Redmond Municipal Code (RMC) 3.10.190.
body
? Additional Background Information/Description of Proposal Attached


REQUESTED ACTION:

? Receive Information ? Provide Direction ? Approve


REQUEST RATIONALE:

* Relevant Plans/Policies:
Review of the City's collection and distribution of impact fees in 2019 per RMC 3.10.190.
* Required:
N/A
* Council Request:
N/A
* Other Key Facts:
N/A


OUTCOMES:

In total, the City collected $4,784,700 in impact fees (net of refund) in 2019 and spent $2,225,131. The
total collected and spent for each category is shown below:


Collected
Spent
Balance
Transportation
$2,906,387
$1,096,843
$13,145,857
Parks
$1,731,006
$1,128,288
$ 4,259,843
Fire
$ 147,306
$0
$ 714,214

Overall impact fee collections for 2019 decreased from 2018 collections by $4,469,633 or 48 percent (%). The decrease is due to the large number of developments that were permitted in 2018; primarily in the downtown Redmond core area. This decrease resulted in a decline in the total number of permits; including lower numbers of plumbing, electrical and fire permits in 2019 as well as the timing of revenue collection between the years. In addition, development contributions for mitigated impacts reconciled at the end of the individual developments resulted in a credit in 2019; there were no credits issued in 2018.
A total of $1,714,385 was collected in 2019 for school impact fee and disbursed to Lake Washington School District.
Transportation
Four transportation projects received impact fee funding in 2019. The projects...

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