PUBLIC WORKS COMMISSION
REQUEST FOR ACTION
SUBMITTED TO: Chairman and Members of the Commission
SUBMITTED BY: Sean Crumby, PE, Director of Public Works
Subject:
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Traffic Impact Fee Fund Annual Compliance Report for Fiscal Year 2020/21.
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Statement of Issue:
In accordance with Section 17.65.130 of the Huntington Beach Municipal Code (HBMC), the Public Works Department is required to prepare an annual report of the status of the Fair Share Traffic Impact Fee Program for the City Council. The process provides an opportunity for the Public Works Commission to review revenues and expenditures under the program.
Funding Source:
No funding is required for this action.
Recommended Action:
recommendation
Motion to recommend to the City Council the approval of the Traffic Impact Fee Fund Annual Compliance Report for Fiscal Year 2020/21.
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Alternative Action(s):
Recommend revisions to the report.
Analysis:
The Fair Share Traffic Impact Fee (TIF) program is intended to implement the goals and objectives of the General Plan by providing revenue to ensure that the adopted Level of Service standards for arterial roadways and signalized intersections are maintained when new development is constructed within the City limits and that these developments pay their fair share towards short and long term transportation improvements.
Revenues
During FY 2020/21, the Traffic Impact Fee fund recognized revenues of $225,420 in Impact Fees Paid and $8,706 in interest and market adjustment for a total of $234,126.
Expenditures
Expenditures from the fund included $1,401 in capital improvement expenses for Atlanta Avenue Widening. In addition, there were $50,907 in Federal Highway Safety Improvement Program (HSIP) grant match expenditures related to traffic signal modifications at Gothard/Slater, Newland/Ellis Goldenwest/Heil. Total expenditures were $52,308.
Current Fiscal Year
The current fiscal year budget includes allocations from the Traffic Im...
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