2020 Impact Fee Summary Report
The 2020 Impact Fee Annual Report, Traffic Impact Fee Summary, and Park Impact Fee Summary outline the eligible project expenditures, impact fee balances, spending requirements, and more for the year. Key highlights include significant project expenditures, balance allocations, and future spending plans in accordance with the regulatory requirements.
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Presentation Transcript
2020 Impact Fee Annual Report Required by RCW 82.02.070
2020 Traffic Impact Fee Summary 2020 Impact Fee Eligible Project Expenditures Iss/Pine Lake Rd: Klahanie Blvd-SE 32nd $ SE 4thSt: 218thto 228th Total Eligible 2020 Expenditures Impact Fee Balance 414,939 3,636,371 $ 4,051,310 *Prior Year-end Balance Impact Fees applied to 2020 projects $ 9,094,515 (4,051,310) Remaining Prior Year Impact Fees Plus: 2020 Impact Fees 2020 Interest 12/31/2020 Impact Fee Balance $ 5,043,205 $ 1,339,227 60,117 $ 6,442,549
2020 Traffic Impact Fee Summary 10-year Spending Requirement Amount (incl. interest) Year Collected $ 325,942 1,316,536 2014 252,672 2,359,464 846,779 1,341,156 Total $ 6,442,549 Spend By 2023 2024 2027 2028 2029 2030 2013 2017 2018 2019 2020 2013 and 2014 impact fees may not be spent on SE 4thStreet. These impact fees were collected prior to SE 4thfirst appearance on the Transportation Improvement Plan.
2020 Park Impact Fee Summary 2020 Impact Fee Eligible Project Expenditures Big Rock Park, Site B-Phase 1 Land acquisition Reard/Freed farmhouse Inglewood Middle School artificial turf Total Eligible 2020 Expenditures $ 2,338,338 613,870 134,177 18,265 $ 3,104,650 Impact Fee Balance Prior Year-end Balance Impact Fees applied to 2020 projects Remaining Prior Year Impact Fees Plus: 2020 Impact Fees 2020 Interest 12/31/2020 Impact Fee Balance $ 3,557,652 (3,104,650) $ 453,002 $ 970,416 24,118 $ 1,447,536
2020 Parks Impact Fee Summary 10-year Spending Requirement Amount (incl. interest) $ 475,764 Year Collected 2019 2020 Spend By 2029 2030 971,772 Total $ 1,447,536
