AgdaPkt 2003-01-06 - Laserfiche WebLink

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q• 10.6 New development does not pay the portion of improvement costs related to deficiencies existing as of 1999. The cost portions related to those deficiencies are funded by state gas tax, countywide funds approved by voters and administered through the San Mateo County Transportation Authority, other state and federal grants, assessment districts, and redevelopment or general funds. The improvements upon which the fee is based are: • Intersection improvements, such as the addition of turn lanes, traffic signals, median closures, and crosswalk warning light systems. • Corridor and area -wide improvements, such as widening to add through lanes on Woodside Road, extending Blomquist Street with a bridge over Redwood Creek, widening Veterans Blvd. between Chestnut Street and Woodside Road, and neighborhood traffic calming projects. • Alternative mode/transit improvements, such as shuttle systems, sidewalk improvements, bus shelters, pedestrian and bicycle amenities, and TDM measures. The transportation impact fee pays for 100% of the total project costs of alternative mode /transit improvements on the Traffic Impact Mitigation Fee Projects list. However, the fee pays only a portion of the intersection improvements and the corridor and area -wide improvements, which are also funded by outside sources and by existing development (i.e. the City's General Fund). Traffic generated by new development impacts not only transportation facilities close to specific sites, but also cumulatively impacts the entire City's transportation network. For this reason, the transportation impact fee collected from any specific development is used for citywide transportation improvements, not merely improvements that are within close proximity to the development site. The traffic fee is assessed on all types of new development, including expansion of existing buildings, that will increase demand on traffic facilities through PM peak hour trip generation, the amount of vehicle trips generated by a development during the highest one -hour period occurring between 4 PM and 6 PM. The precise fees are detailed in the attached appendices, in the Transportation Impact Fee Schedule. For further information on the fee calculation methodology, please refer to: the Redwood City Traffic Impact Mitigation Fee Study, February 18, 2000, a copy of which is on file with the Community Development Services Department; and, the City Code of Redwood City, Chapter 18, Article XV, Transportation Impact Fee, on file with the City Clerk's office.