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Oakland impact‑fee balance falls; $34M five‑year CIP depends on amendment 3 and grant funding
Summary
Staff reported a $4.2M impact‑fee balance with roughly $2.4M budgeted for projects and a $900,000 decline due to projects; commissioners were warned the five‑year capital list (~$34M) depends on passage of amendment 3 and securing grants.
Staff told the commission that the town’s impact‑fee fund currently shows about $4.2 million in total, with roughly $2.4 million assigned to projects and about $1.7 million remaining in reserves. Gabby said the fund decreased by about $900,000 because projects drew on fees allocated to parks, law enforcement, transportation and fire protection.
Gabby cautioned that impact‑fee revenue is unpredictable and that staff had only budgeted for an estimated 20 new homes for the coming year—an optimistic figure compared with prior years. On the capital side, staff presented a five‑year capital improvement program (FY27–31) that lists roughly $34 million in potential improvements; Gabby said that list is “all dependent on amendment 3” and on grants or slow allocation of town funds if amendment 3 does not pass.
Notable project changes noted in the presentation include scaling back Southwick Park Phase 2, reducing or rephasing pavilion funding tied to a nature‑preserve agreement, and adding $150,000 for Northwest Loop design. Staff also flagged $4.5M assigned for IT equipment upgrades and a $130,000 comprehensive‑plan update funded from planning fees. Commissioners asked staff to prioritize projects given the uncertain revenue outlook.
