Agmt05 Fehr & Peers Associates - Laserfiche WebLink

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EXHIBIT IIAII Executive Summary The City of Redwood City is preparing to update its Transportation Impact Fee Program (TIF) to synthesize recent land use and network planning changes with the reporting needed to meet government code requirements. The traffic impact fee program was originally approved in 2000 and set forth a list of specific transportation improvements and a fee schedule for most land uses. New projects in the Downtown area were exempted from traffic impact fees to foster economic development in the City's core. At this juncture, a five-year summary of revenue and expenditures is required and the City desires to update the fee program to address changes in planned land uses, as well as modifications to planned transportation improvements. The economic downturn over the last several years has affected the overall market for commercial properties and the location and scope of residential and retail development within the City. For example, residential and mixed-use developments are now anticipated for the bayfront area east of US 101 where primarily office uses were previously considered. In the Downtown area, the entire amount of retail assumed in the original study will be provided by the soon-to-be completed cinema project, and substantial additional retail development is anticipated. Numerous new housing units are planned in the downtown core and along the EI Camino Real and Woodside Road corridors. Previously planned office developments are not expected to occur in the area south of Woodside Road between EI Camino Real and US 101. Instead, current land use proposals, including medical clinics and a biotechnology center, are not expected to change traffic volumes in this area of the City substantially. All of the land use changes will affect the need form some of the transportation projects included in the existing fee program and may require new projects to reduce projected congestion. Implementation of a major capacity-enhancing projects included in the program (the Woodside Road widening project) has been stalled by design issues with Caltrans and is expected to be re-prioritized as part of the TIF program. The City is also focusing on enhancement of transit, bicycle, and pedestrian facilities as a means to provide alternatives to vehicle travel to reduce congestion, as well as improvements to existing signal systems to better accommodate future growth. The schedule set forth in the RFP for the fee program update to be completed by December 31, 2005 would be extremely difficult to meet given the short timeframe, the upcoming holidays, and the need to solicit public input on any program changes. Accordingly, we are proposing a phased approach to address the government code reporting requirements and the City's need to account for the land use and improvement project changes noted above. Essentially, we propose that the City would complete the five-year update reporting process to satisfy Government Code 66000 through 66008 requirements with assistance by Fehr & Peers, if needed. The details of the TIF program would not be adjusted as part of the reporting process. However, the report should provide greater detail referencing the original nexus study and including additional information on successfully completed projects and those toward which substantial progress has been made. At the same time, Fehr & Peers would begin the technical analysis to re-evaluate the transportation improvement projects and determine if the TIF needs to be modified. This work will include use of the C/CAG model to estimate future traffic volumes and to determine the contribution of traffic from existing uses, future growth in Redwood City and growth in the region 2 fþ i'¡;IR& 1'1. Ib