AGENDA DATE: 11/11/2015
TITLE: FY 2016 1st Quarter Cash Proffer Report
Title
BODY
SUBJECT/PROPOSAL/REQUEST: Report on cash and non-cash proffer revenue and expenditures July-September 2015
ITEM TYPE: Consent Information Item
STAFF CONTACT(S): Foley, Walker, Letteri, Davis, Graham, McCulley, Higgins, Ragsdale, Allshouse L., and Harris
PRESENTER (S): N/A
LEGAL REVIEW: Yes
REVIEWED BY: Thomas C. Foley
BACKGROUND: In 2007, the Board directed staff to provide a quarterly report on the status of cash proffers. Since that time, the report has been expanded to also include updates on non-cash proffers. The last quarterly proffer report the Board received on September 2, 2015 included information on cash proffer revenue and expenditures and non-cash proffers for April through June, 2015. This report includes all proffer activity (both cash and non-cash) for the first quarter of Fiscal Year 2016 (July-September). The next quarterly report will be on the Board's February 3, 2016 agenda
STRATEGIC PLAN: Critical Infrastructure: Prioritize, plan and invest in critical infrastructure that responds to past and future changes and improves the capacity to serve community needs.
DISCUSSION: Proffer Activity for Fiscal Year 2016 First Quarter (July-September)
A. New Proffered Revenue: There were no rezoning requests approved this quarter that provided new cash proffers.
B. Total Proffered Revenue: Total proffered revenue is $48,943,356.45. This reflects 2014 annual adjustments to anticipated proffer revenue (not received yet obligated) from proffers in which annual adjustments were proffered.
C. 1stth Quarter Cash Revenue: The County received a total of $306,906.04 from existing cash proffers during this quarter from developments listed in Attachment A.
D. Expenditure: A total of $23,728.25 in proffer revenue has been expended from Belvedere for a Community Development Block Grant for affordable housing programs. A to...
Click here for full text