AgdaPkt 2004-12-06 - Laserfiche WebLink

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. � In addition to specific projects and locations, the City of Redwood City's capital improvement plan includes flexible transportation mitigation programs that cannot specify in advance a particular improvement or location with an established estimated construction date. Thus, part of the fee is applied toward a series of capital improvements and traffic reduction measures, such as crosswalk waming lights, tra�c calming measures, shuttles, and other projects, which will be built or operated between now and the year 2020, but for which no specific dates of construction or implementation can be identified at this time. Because the City of Redwood City needs many transportation improvement projects that can adapt to evolving conditions caused by growth, a more complex system of administration with a 20-year horizon is required. It is not possible for the City of Redwood City to state whether sufficient funds have been collected to complete financing, or to identify the dates of construction or implementation, for each transportation improvement to be funded by impact fees. However, the following ongoing programs, which are funded by transportation impact fees, have already constructed some improvements or commenced operations, and sufficient funds have been collected to continue to construct such improvements and/or operate such services for the next several years, which the City plans to do: • Traffic Calming PrQgram • ADA Ramp Program (sidewalk improvements) • Bus Shelter/Bus Stop Turnout/Transit Enhancements Program • Shuttle Bus Services Further, 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 Waming Ligi�ts Program — One additional location fully funded (2 locations previously constructed) — November 2005 • Veterans/Middlefield Traffic Signal — September 2005 A comprehensive Transportation Impact Fee Study Update will be prepared during the first half of calendar year 2005. The scope of this 5-year update is expected to include the following: • Develop the findings required by Government Code Section 66001(d) with respect to the unexpended portion of the fee account, which are: the purpose to which the fee will be put; the relationship between the fee and its purpose; the fu��ding sources and amounts anticipated to complete financing of incomplete improvements; and, the approximate dates such funding is expected to be deposited. � • Update land use quantities and patterns for �anticipated development in the city. • Re-evaluate the list of transpor�ation 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