AgdaPkt 2016-01-11 Closed and Joint SA PFA

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6.3.B. - Page 1 REPORT To the Honorable Mayor and City Council From the City Manager January 11 , 2016 SUBJECT Transportation Impact Fee Account Report for Fiscal Year 2014-15 RECOMMENDATION Accept by resolution the Transportation Impact Fee Account Report for Fiscal Year 2014-15 BACKGROUND The California Government Code (Section 66000, et seq., known as the Mitigation Fee Act) allows local government agencies to impose transportation impact fees. These fees provide revenue for constructing capital facilities and implementing traffic reduction measures to alleviate and/or mitigate the impact of increased traffic resulting from new residential and non-residential development. Transportation Impact Fees ensure that new development projects, if they increase traffic, bear a proportionate share of the cost of facilities and improvements designed to reduce the additional traffic resulting from the development. Capital facilities and traffic reduction measures may include: • construction of through lanes, turn lanes, bridges, associated drainage facilities, curbs, medians, and shoulders • installation of traffic signalization • construction of traffic calming devices • construction of multimodal transportation facilities for pedestrians and bicyclists, including ADA pedestrian facilities and improvements • additional parking for non-motorized vehicles and reserved parking for shared vehicles, both motorized and non-motorized, or • similar projects and improvements. On April 24, 2000, City Council took the following actions: • adopted an ordinance adding Article XV, Transportation Impact Fee, (commencing with section 18.244) to Chapter 18 of the Redwood City Municipal Code relating to transportation impact fees for new development (Transportation Impact Fee Ordinance), and