City Council

1. PUBLIC HEARING REGARDING THE DEVELOPMENT IMPACT FEES23-1460 ANNUAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2023 AND THE TRAFFIC IMPACT FEE ANALYSIS RECOMMENDATION: Staff recommends the City Council: 1. Receive and file the Development Impact Fees Annual Report (Attachment 1) for the Fiscal Year ended June 30, 2023. 2. Adopt resolution (Attachment 2) continuing the citywide traffic impact fee for new development that incorporates recommendations from the Traffic Impact Fee Ad Hoc Committee and staff, which include: · Continue a traffic impact fee of $235 per Average Daily Trip (ADT) based on the Capital Improvement Projects in Attachment 4 and Active Transportation projects in the adopted Active Transportation Plan (ATP). · Approve allocation of up to ten percent (10%) of traffic impact fees towards traffic signal synchronization projects. · Approve a five percent (5%) reduction in automobile trips as a result of ATP implementation and an additional five percent (5%) reduction in automobile trips for developments proposing to implement active transportation improvements beyond typical development requirements. · Approve the annual accounting of the Citywide Traffic Impact Fee Program (Attachment 6). Attachments: 1. 2022-23 DIF Report (Consolidated) 2. Traffic Impact Fee Resolution 3. Citywide Traffic Impact Fee Report 4. Revised TIF Calculation 2023 5. Chronology of City Council Actions 6. Resolution Exhibit A (TIF update for FY22-23 Accounting)