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Millbrae board adopts annual developer‑fee accounting, reports $855,000 outlier in 2024‑25
Summary
The board approved Resolution 25‑26‑09 documenting developer‑fee receipts and five‑year spending requirements; staff noted a large $855,000 receipt in 2024‑25 was an outlier tied to a big project and reminded trustees the statute requires spending fees within five years or refunding them.
Mary Pollard, the district’s CBO, presented the annual accounting of developer fees required by law and recommended approval of Resolution 25‑26‑09. She told the board the district must track fees and demonstrate that funds are spent within five years or are subject to refund.
Pollard identified a large one‑time…
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