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Daly City approves FY2025 AB 1600 developer-fee report and adopts new building-code ordinance
Summary
The city council accepted the FY2025 AB 1600 annual report (ending balance $6,120,153) and adopted Ordinance No. 1484 updating Title 15 (building code) by roll-call vote; the AB 1600 report passed by voice vote.
Daly City’s council on Nov. 24 approved the fiscal-year 2025 annual report on developer public facility fees (AB 1600) and adopted a second-reading building-code ordinance.
Staff reported the AB 1600 fund had a beginning balance of $5,015,416 as of June 30, 2024. During FY2025 the city received $760,767 in developer-fee revenues and earned $248,963 in interest. A $941 transfer from the AB 1600 fund went to the capital-improvement fund for storm-drain work and $95,919 was returned to the AB 1600 fund…
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