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Committee approves developer impact‑fee report, reaffirms use of long‑held mitigation funds
Summary
The Finance, Audit and Budget Committee approved the City of Ventura’s AB 1600 (developer impact fee) and Quimby Act report for the fiscal year ending June 30, 2025, confirming five‑year findings and the planned use of several long‑held fee balances, including traffic mitigation funds for the Olivas Park Drive extension.
The Finance, Audit and Budget Committee unanimously approved the city’s annual developer improvement fee report for the fiscal year ending June 30, 2025, acknowledging statutory AB 1600 and Quimby Act disclosure requirements and confirming plans to spend several long‑held fee balances.
Accounting manager Jason Williams presented the AB600 exhibit package and said the report documents the fee type, account balances, eligible improvements, the percentage of project costs covered by fees and any required five‑year findings for unexpended balances. "Every five years we…
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