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AgdaPkt 2019-01-28 Joint SA PFA
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AgdaPkt 2019-01-28 Joint SA PFA
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Last modified
10/2/2020 10:35:29 AM
Creation date
1/24/2019 4:28:15 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
1/28/2019
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6.F. - Page 8 of 31 <br />12/21/2018 <br />Fee shall be used for transportation improvements that will reasonably benefit <br />new development in Redwood City and reduce the traffic congestion and other <br />adverse effects of increased traffic volumes caused by new development; (5) the <br />Fee shall be used for transportation improvements that are, and shall be specified <br />in the 2000 Study and its periodic updates, including the 2012 Study; and (6) the <br />specific Fees imposed on various types of development are based on evidence <br />provided by transportation studies and research on the volumes of traffic <br />generated by various land use types, and are presented in Table A of the Fee <br />Details Requirements section for this fee. This reasonable relationship remains <br />between the current need for the Fee and the purpose for which it was originally <br />collected because adequate fees have not yet been collected to implement all of <br />the included transportation improvements. <br />3. Identify all sources and amounts of funding anticipated to complete financing in <br />incomplete improvements. <br />All sources and amounts of funding anticipated to complete financing in <br />incomplete improvements are listed in Table D, at the end of the Transportation <br />Impact Fee section. <br />4. Designate the approximate dates on which the funding is expected to be deposited <br />into the appropriate account or fund. <br />The approximate date on which the funding is expected to be deposited into the <br />appropriate fund is listed in Table D, at the end of the Transportation Impact Fee <br />section. <br />Fee Details Requirements <br />1) A brief description of the type of fee in the account or fund <br />The transportation impact fee is assessed on new development for its <br />proportionate share of the costs of citywide transportation improvements <br />attributable to increased trips generated by new development between 2000 and <br />2030. <br />2) The amount of the fee <br />See Table A on next page <br />Development Impact Fees Report FY 2017-2018 <br />Page 2 of 18 <br />1: <br />
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