AGENDA DATE: 12/14/2016
TITLE: TitFY 2017 1st Quarter Proffer Report
BDY
SUBJECT/PROPOSAL/REQUEST: Report on cash and non-cash proffer revenue and expenditures April-June 2016
ITEM TYPE: Consent Information Item
STAFF CONTACT(S): Foley, Walker, Letteri, Kamptner, Graham, McCulley, Higgins, Ragsdale, Allshouse L., and Harris
PRESENTER (S): N/A
LEGAL REVIEW: Not Required
REVIEWED BY: Choose an item.
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 August 3, 2016 included information on cash proffer revenue and expenditures and non-cash proffers for April through June, 2016. This report includes all proffer activity (both cash and non-cash) for the first quarter of Fiscal Year 2017 (July-September, 2016). The next quarterly report will be on the Board's February, 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 2017 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 $49,234,856.45. This reflects annual adjustments to anticipated proffer revenue (not received yet, but obligated) from proffers in which annual adjustments were proffered.
C. 1st Quarter Cash Revenue: The County received a total of $555,023.79 from existing cash proffers during this quarter from developments listed in Attachment A.
D. Appropriations: A total of $1,325,594.20 was appropriated this quarter from developments listed in Attachment A.
E. Expenditures: A total of $120,000 of affordable housing funds from ...
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