Title
Adopt a Resolution to:
a. Retroactively approve a report on the status of development traffic impact fees for the fiscal year ending June 30, 2024; and
b. Retroactively adopt findings, in accordance with Government Code section 66000 et seq., that the need for the improvements for which the fees are being collected still exists, and as such, the funds will be retained.
Body
RECOMMENDATION:
It is recommended that the Board of Supervisors adopt a Resolution to:
a. Retroactively approve a report on the status of development traffic impact fees for the fiscal year ending June 30, 2024; and
b. Retroactively adopt findings, in accordance with Government Code section 66000 et seq., that the need for the improvements for which the fees are being collected still exists, and as such, the funds will be retained.
SUMMARY:
The County of Monterey collects traffic impact fees (“TIFs”) from development projects that represent the projects’ fair share towards specific road improvement projects in the immediate area of the development. This report provides an update on various TIFs throughout unincorporated Monterey County, including the Carmel Valley Traffic Mitigation Fee (“CVTMF”) Master Plan, where 10 projects have been identified as eligible for TIF funding. As of June 30, 2024, the ending balances for TIF funds are as follows: CVTMF: $3,224,928; East Garrison TIF: $401,851; and all other Countywide TIFs: $5,484,356. Additional details for each TIF fund are included in the attached exhibits to the draft Resolution.
DISCUSSION:
The fee mitigation act requires agencies to provide an annual report on the status of development traffic impact fees within 180 days after the fiscal year ends. The deadline for fiscal year 2024 was December 31st, 2024. However, due to difficulties in reconciling fund balances between fiscal year 2024 and the previous year, the report was not submitted by staff within the specified deadline. Therefore, this retroactive report is require...
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