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Infrastructure Financing

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 What is Infrastructure Financing...

 

Infrastructure Financing is a subdivision of the Finance department in which all matters related to the financing of infrastructure and developments of the City are managed. Such matters include but are not limited to Development Agreements, Annexations, the AB1600 Fee Schedule, Community Facilities Districts, AB1600 Fee Credits and Reimbursements for developers, Property Tax Roll and Calculation, among others.

 


AB 1600 Mitigation Fee Report

The City of San Luis Obispo levies development impact fees to finance the planning, design, construction, and acquisition of public improvements including facilities and equipment necessary to accommodate future growth and development within the city pursuant to Government Code 66000 et seq. When collected, the fees are deposited into special capital facility accounts.

Mandated Accounting Guidelines

One of the mandated accounting guidelines, as stated in Government Code 66006(a), provides that the City shall establish separate accounts for each type of improvement funded by development impact fees. The city maintains separate capital accounts for Public Facilities including public safety (Police and Fire), parks and recreation facilities, Quimby Act parkland acquisition, Non-Quimby Act parkland acquisition, administration, water capacity, wastewater capacity, street and thoroughfares, and storm drainage.

Public Information

Each local agency is required within 180 days after the last day of each fiscal year to make available to the public the following information (see AB1600 report):

  • Fee amounts
  • Interest earned on the balance of those fees collected
  • Other income in the account
  • The amount of expenditure for each public facility or improvement made from the account during the year

The city posts notice on our website of the availability of the development impact fee information.