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Board adopts resolution reviewing developer fees, cites declining collections and long‑term COP debt
Summary
The board adopted Resolution 18 (2024–25) reviewing the district's developer fee accounting for fiscal 2023–24; staff reported $1.65 million in fee collections, $2.28 million in expenditures and an ending developer fee balance of about $2.64 million, and noted state law changes affecting fee timing.
The Tahoe‑Truckee Unified School District board on Jan. 8 adopted Resolution 18 (2024–25), a consolidated review of developer fee collections, expenditures and the district’s five‑year findings for fiscal year 2023–24.
Todd Rivera, assistant superintendent and chief business officer, presented the resolution and annual report. Rivera said the report incorporates historical resolutions authorizing current fee levels, the developer fee justification study (the nexus study), the annual accounting of collections and expenditures, and the statutorily required five‑year findings.
Key figures from the report: Rivera reported residential developer fees at $3.69 per square foot, commercial fees that vary by use (examples cited: lodging 26¢/sq ft, industrial parks 38¢/sq ft, community shopping centers 40¢/sq ft, restaurants 59¢/sq ft, and self‑storage at 1¢/sq ft), total fee collections in 2023–24 of just over $1,650,000, interest income of about $168,000, and total…
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