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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 from Healthpeak for park planning work and a sea-level-rise study.
Staff reported that the beginning balance on July 1, 2024 was $1,483,000; the fund earned roughly $64,000 in interest during the year and had $34,000 in expenditures, leaving an ending balance of about $1,513,000 as of June 30, 2025. Carolina also said the broader park development fund holds $1.981 million in total, of which $469,000 is specifically attributable to parcel R under a development agreement with Sierra Point LLC.
The staff report traced the parcel-R funds to earlier agreements: an initial 2012 development agreement with Sierra Point LLC, a 2017 restructuring that included a $300,000 payment, and a 2021 payment of about $227,900 from the replacement developer, BP3. Council members were also briefed that the city has paid Conger Moss Gillard (CMG) $118,932 for consultant services, and that 25% of that contract cost was charged to parcel R while 75% was charged to the mitigation-fee-funded project.
Council members asked clarifying questions about which funds are subject to the Mitigation Fee Act and which derive from separate development agreements; staff explained that some amounts are non‑DIF funds tied to contractual obligations and therefore reported separately. After discussion, a councilmember moved, a second was made, and the council approved the annual report by voice vote.
The council’s acceptance fulfills the statutory reporting requirement and will leave staff to continue administering the Sierra Point park planning funds and to return with any follow-up accounting as needed.
