PUBLIC WORKS COMMISSION
INFORMATIONAL ITEM
SUBMITTED TO: Chairman and Members of the Commission
SUBMITTED BY: Sean Crumby, PE, Director of Public Works
PREPARED BY: Sarah Whitecotton, Administrative Aide
Subject:
title
Traffic Impact Fee Fund Annual Compliance Report for Fiscal Year 2021/22.
body
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 report was presented as item 22-1063 on the December 20, 2022 City Council agenda.
Funding Source:
No funding is required for this action.
Recommended Action:
recommendation
No action is required.
end
Alternative Action(s):
No alternative action is required.
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 $143,409 in Impact Fees Paid and $19,058 in interest and market adjustment. There were also two expense transfers: one from the Gas Tax fund for $3,595 and one from the Prop 42 fund of $93,392. Total revenue was $259,454
Expenditures
Expenditures from the fund included: traffic signal modifications at the intersections of Warner-Graham ($170,483), Main-Delaware ($53,293), and Warner-Ash ($47,461); design work on Bushard Fire Station fiber optic line ($4,420); Citywide Mobility Corridor Improvements ($228,695) and general traffic signal repairs ($29,704). Expenditures for the year totaled $534,056.
Current Fiscal Year
The current ...
Click here for full text