2021 Impact Fee Annual Report and Expenditure Summary
Discover the detailed breakdown of impact fees and eligible project expenditures for 2021, including traffic and park impact fee summaries. Find out about the total spending requirement and balance for the upcoming years.
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Presentation Transcript
2021 Impact Fee Annual Report Required by RCW 82.02.070
2021 Traffic Impact Fee Summary 2021 Impact Fee Eligible Project Expenditures Iss/Pine Lake Rd: Klahanie Blvd-SE 32nd $ Total Eligible 2021 Expenditures Impact Fee Balance 16,964 $ 16,964 Prior Year-end Balance Impact Fees applied to 2021 projects $ 6,442,549 (16,964) Remaining Prior Year Impact Fees Plus: 2021 Impact Fees 2021 Interest Reinstate prior years impact fees 12/31/2021 Impact Fee Balance Utility reimbursements received in 2021 replaced impact fees allocated to SE 4thin prior years $ 6,425,585 $ 424,376 8,029 980,278 $ 7,838,269
2021 Traffic Impact Fee Summary 10-year Spending Requirement Amount (incl. interest) Year Collected $ 309,319 1,317,910 2014 1,234,236 2,361,926 847,662 1,342,555 424,661 Total $ 7,838,269 Spend By 2023 2024 2027 2028 2029 2030 2031 2013 2017 2018 2019 2020 2021 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.
2021 Park Impact Fee Summary 2021 Impact Fee Eligible Project Expenditures Land acquisition (Parker property) Big Rock Park Reard/Freed farmhouse Total Eligible 2021 Expenditures $ 1,132,899 65,911 33,547 $ 1,232,357 Impact Fee Balance Prior Year-end Balance Impact Fees applied to 2021 projects Remaining Prior Year Impact Fees Plus: 2021 Impact Fees 2021 Interest 12/31/2021 Impact Fee Balance $ 1,447,536 (1,232,357) $ 215,179 $ 303,255 1,707 $ 520,141
2021 Parks Impact Fee Summary 10-year Spending Requirement Amount (incl. interest) $ 216,693 303,448 Total $ 520,141 Year Collected 2020 2021 Spend By 2030 2031
