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Cathedral City adopts AB 1600 annual report and approves reallocation tied to SKIP financing
Summary
Council accepted the AB 1600 annual development-fee report for FY 2024–25, approved recognition of a 3% administrative allocation and authorized reallocations of certain AB 1600 commitments to be charged against SKIP/CSCDA developer financing sources, freeing other local funds for priority projects.
The Cathedral City Council voted Dec. 10 to accept the Assembly Bill 1600 annual development-fee report for fiscal year 2024–25 and to approve staff’s recommended reallocation of certain fee commitments tied to projects financed through the Statewide Community Infrastructure Program (SKIP) via the California Statewide Communities Development Authority (CSCDA).
Financial summary and administrative fee: Staff reported that the city collected roughly $2.1 million in impact fees during the reporting period and noted that…
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