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Department of Transportation recommending the Board receive and approve the El Dorado Countywide Housing and Employment Projections, 2023 to 2045 Memorandum pertaining to the Major Update of the Traffic Impact Fee (TIF) Program and the Capital Improvement Program (CIP).
FUNDING: TIF Program.
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DISCUSSION / BACKGROUND
The Department of Transportation has begun the Major Update to the TIF Program and the CIP. This is the third workshop to discuss policy items related to the implementation of the TIF Program.
A draft version of the El Dorado Countywide Housing and Employment Projections, 2023-2045 Memorandum (Memorandum) prepared by the County’s consultant, BAE Urban Economics, Inc. (BAE) has previously been provided to the Board of Supervisors (Board) on December 5, 2023 (Item 37, 23-2051) and January 9, 2024 (Item 43, Legistar 23-2241). The information presented in the attached memorandum and presentation is based on the residential and non-residential growth rates of 0.62% adopted by the Board on January 9. The projections in the Memorandum have been updated to incorporate 2023 base year estimates of housing and employment, which were completed subsequent to the January meeting.
Utilizing the adopted growth rates, growth projections were prepared based on the anticipated demand within the individual Community Regions and rural regions on the West Slope. A separate analysis was also prepared to determine the available land capacity within each of the Community Regions before allocating the projected growth to the individual Community Regions and remainder of the West Slope. If a Community Region did not have the available land capacity to accommodate the anticipated housing demand, the excess growth was re-allocated to neighboring Community Regions. BAE has prepared these Sub-County growth allocations, with input from County staff and Kimley-Horn (Attachment A). The highlights of Attachment A are discussed below.
Growth Allocations
BAE summari...
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