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Annual and Five-Year Development Impact Fee Report <br />Fiscal Year Ending June 30, 2025 <br /> <br />City of Redwood City 33 <br />Transportation Impact Fee <br />• The transportation impact fee is a one-time charge that the City charges on new <br />residential and nonresidential development to fund transportation system improvements <br />necessitated in whole or in part by new development within Redwood City. Improvements <br />include construction of capital improvements and traffic reduction measures. The impact <br />fee program provides an equitable method for allocating the cost of reasonable and <br />necessary transportation improvements between the public and private sector, in <br />accordance with the intent and purpose of the Transportation Impact Fee Ordinance as <br />set forth in Redwood City Municipal Code Section 18.244. <br />• The reasonable relationship between the Transportation Impact Fee and the purposes to <br />which the fee is charged is demonstrated in the Redwood City Traffic Impact Mitigation <br />Fee Study dated February 18, 2000 (2000 Study); the 2012 Redwood City Transportation <br />Impact Mitigation Fee Update, Project Descriptions and Cost Estimates (2012 Study); the <br />2023 Transportation Fee Nexus Study (2023 Study); the enabling Ordinance, and all <br />subsequent City resolutions, or Conditions of Approval. As specified in the Ordinance, new <br />land development generates traffic, necessitating the acquisition of rights-of-way, road <br />construction, road improvements, pedestrian, bicycle and transit improvements, and <br />traffic reduction measures in order to maintain approved levels of transportation service. <br />The fees established do not exceed new development’s fair share. <br />• There is an unexpended balance in the Transportation Impact Fee Account, which is <br />expected to be used to fund intersection and traffic signal improvements, bike and <br />pedestrian circulation improvements, and other operational improvements. All identified <br />improvements are needed to mitigate the impacts of future development on the City’s <br />circulation network. Each project is listed below in Table 23. Information about the total <br />project cost, the estimated start year, and other funding sources are noted. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />ATTY/RESO.0124/CC RESO ACCEPTING THE DEVELOPMENT IMPACT FEES REPORT FOR FISCAL YEAR 2024-25 - ATTACHMENT A <br />REV: 12-05-25 MI <br /> <br />8.A. - Page 43 of 55 <br />54