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Brisbane council accepts annual development-impact-fee report tied to $1.5 million Sierra Point contribution
Summary
City staff told the council the Sierra Point park planning fund began with $1.5 million from Healthpeak; the council accepted the annual Mitigation Fee Act report and approved staff recommendations to record the balances and expenditures.
Brisbane City Council accepted its annual report on development impact fees for the fiscal year ended June 30, 2025, detailing activity tied to a $1.5 million contribution from Healthpeak earmarked for Sierra Point park planning and a sea-level-rise study.
Carolina, a city staff member presenting the item, said state law requires local agencies to report on the collection and use of mitigation fees within 180 days after the fiscal year ends. She told the council the Sierra Point fund began in August 2020 with $1.5 million…
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