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Chief Administrative Office and County Counsel recommending the Board consider the following:
1) Rescind its order to the Auditor-Controller on August 2, 2016, to process a journal entry transferring $550,335.12 from the El Dorado Hills CSD Development Impact Mitigation Fee Account (8963117) to the CSD's operating account; and
2) Order the Auditor-Controller to process a journal entry transferring $415,335.12 from the El Dorado Hills CSD Development Impact Mitigation Fee Account (8963117) to the operating account designated by the District, pursuant to the District's revised reimbursement request dated September 6, 2016.
FUNDING: El Dorado Hills CSD Development Impact Mitigation Fees.
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DEPARTMENT RECOMMENDATION
Order the Auditor-Controller to process a journal entry transferring $415,335.12 from the El Dorado Hills CSD Development Impact Mitigation Fee Account (8963117) to the operating account designated by the District.
DISCUSSION / BACKGROUND
At the request of the El Dorado Hills CSD, the Board of Supervisors established a development impact mitigation fee on June 3, 1997, pursuant to Resolution No. 112-97. The County collects the fee on behalf of the CSD. The funds are maintained in a separate account, and when the CSD expends funds on eligible projects, the County transfers the funding from the CSD's Development Impact Mitigation Fee account to its operating account.
On February 17, 2016, the CSD is requested two amounts to be transferred: $507,730.96, to cover the Promontory Park lease-purchase payment, construction of basketball courts at Promontory Park, and project administration for the 2015-16 fiscal year; and $42,604.16 for project administration for the 2014-15 fiscal year. The Promontory Park project was identified as a use of Development Impact Mitigation Fees in the CSD's master plan.
On August 2, 2016, the Board approved and authorized the Chair to execute a settlement, indemnity, and hold harmless agreement with the Dist...
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