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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 need to say we still have this balance and we still intend to use it for the intended purpose which they were initially assessed," Williams said during the committee presentation.
The staff report notes that an exhibit for traffic mitigation fees shows a balance of $23,568.61 as of June 30, 2025, earmarked for the Olivas Park Drive extension and related levy; that exhibit was presented as evidence the fees were dedicated to that project and have been expended or committed to the improvement. Williams also told the committee the Quimby Act requires fees collected for park and recreation dedications to be used within the specified subdivision area or refunded to the owner of record.
Committee members pressed staff on the reporting chain and the mechanics of refunds for fees tied to projects that never occur. Staff said the AB 1600/AB600 reporting obligation is a public disclosure requirement rather than a state filing and that, if a project is not built and an owner of record can be located, statute requires refunding the fee to the owner of record. Staff added that unspent funds are invested while held and that recent rolling yields had improved; they projected average annual interest revenue around 4.18% based on recent returns.
The committee moved to approve the report and directed staff to place the item on the city council consent agenda for the next regular meeting. Council members on the record during the roll call vote recorded yes votes; staff will carry the report forward to the council as a consent item without additional presentation.
Next steps: staff said a development‑impact fee study is underway and will inform future AB600 reports and any changes to fee schedules or project lists.
