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 fiscal year budget has one new project slated for design/construction:
|
Fire Station Traffic Signals II |
$290,000 |
In addition to this new project, funding for 8 ongoing and remaining projects was carried over into Fiscal Year 22/23. The projects are:
|
Utica Bike Boulevard |
$260,835 |
|
Warner/Graham signal modifications |
$24,517 |
|
Traffic signal modifications (left turn arrows) |
$390,000 |
|
Main/Delaware signal modifications |
$361,707 |
|
Warner/Ash signal modifications |
$402,539 |
|
Bushard Fiber Optic |
$7,200 |
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Citywide Mobility Corridor Improvements |
$121,170 |
|
Fire Station Traffic Signals I |
$5,773 |
|
Subtotal |
$1,573,741 |
The total planned Traffic Impact Fee expenditure for FY22/23 is $1,863,741.
Projecting the current fiscal year Traffic Impact Fee payments (revenue from new development) is challenging for several reasons including the rapidly changing development environment and completion schedules for development projects. It is reasonable to expect that revenues for the Traffic Impact Fee fund for FY21/22 are likely to be $200,000 - $350,000.
Conformance with Program Goals and Objectives
The Traffic Impact Fee Program is being used to implement the goals, objectives and policies of the City of Huntington Beach General Plan, as stated in the Municipal Code Chapter 17.65. Completion of the planned projects implements improvements identified to continue to provide a safe and efficient transportation system consistent with the goals of the Circulation Element of the General Plan and is in conformance with the goals and objectives of the Fair Share Traffic Impact Fee program.
Summary of Revenue and Expenditures
Traffic Impact Fund
|
Beginning Balance 7/1/21 |
$2,921,232 |
|
Revenue |
|
|
Traffic Impact Fees |
143,409 |
|
Interest, market adjustments |
19,058 |
|
Expense transfer from Gas Tax |
3,595 |
|
Expense transfer from Prop 42 |
93,392 |
|
Total Revenue |
$259,454 |
|
Expenditures |
|
|
Traffic Signals |
(29,704) |
|
Warner-Graham Signal Modifications |
(170,483) |
|
Main-Delaware Signal Modifications |
(53,293) |
|
Warner-Ash Signal Modifications |
(47,461) |
|
Bushard Fiber Optic |
(4,420) |
|
Citywide Mobility Corridor Improvements |
(228,695) |
|
Total Expenditures |
($534,056) |
|
Ending Balance 6/30/22 |
$2,646,630 |
Attachment(s):
1. Traffic Impact Fee Schedule effective 7/1/2021.