AgdaPkt 2007-01-08 - Laserfiche WebLink

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6.1H Page 7 Government Code section 66006(b)(1 )(F) requires the development impact fee financial report to include, "identification of an approximate date by which construction of the public improvement will commence jf the local agency determines that sufficient funds have been collected to complete financing on an incomplete public improvement....n Sufficient funds have been collected to complete financing on the following incomplete public improvements, with the approximate date by which construction will commence identified for each: . Pedestrian Crosswalk Warning Lights Program - Two additional locations fully funded (2 locations previously constructed) - October 2007 r" A comprehensive Transportation Impact Fee Study Update is currently being conducted, and should be complete in Spring 2007, The scope of this 5:"year update includes the following: . Update land use quantities and patterns for anticipated development in the city, . Re-evaluate the list of transportation improvement projects to be funded. by the fee, and revise the list as appropriate to reallocate the fee to projects that mitigate the traffic impacts of new development within Redwood City, but also reflect the City's goals to balance a variety of considerations, including safety and convenience for pedestrians, bicyclists, public transit, and vehicle traffic, as well as aesthetic design. . Update cost estimates for the transportation improvement projects remaining on the list, and incorporate along with updated land use projections and revised list of improvement projects, to formulate adjustments to the schedule of fee amounts imposed on new development. . Evaluate, potential alternative fee structures for Downtown development, including consideration of extending the temporary fee exemption for uses other than office in the Downtown area (described later in this report), and subsequent permanent fee schedule rates that account for the effects of multiple land uses, higher densities, and transit proximity on decreasing vehicle trip generation rates in a Downtown zone.