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Department of Transportation recommending the Board:
1) Receive the El Dorado Countywide Housing and Employment Projections, 2018 - 2045 Memorandum and Presentation pertaining to the 2024 Major Update of the Traffic Impact Fee (TIF) Program; and
2) Provide direction, if desired, on additional analysis and/or considerations for Staff to include in the 2024 Major Update.
FUNDING: Traffic Impact Fee Program.
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DISCUSSION / BACKGROUND
This is the first workshop to discuss policy items related to the 2024 Major Update to the Traffic Impact Fee (TIF) Program.
On December 8, 2020 (Item 39, Legistar 20-1585), the Board of Supervisors adopted the 2020 Major Update to the TIF Program. That update made a number of changes to the program, including adjusting the Countywide residential growth rate from 1.03% to 0.70% annually; setting the anticipated level of grant funding to 10%; reducing the non-residential equivalent dwelling unit (EDU) shift from 65% to 62%; consolidating the TIF Zones across the unincorporated West Slope from 8 Zones to 3 Zones; prorating fees for residential single family dwellings based upon square footage, as required by California Assembly Bill (AB) 602; adding Vehicle Miles Travelled as a traffic impact measure under the California Environmental Quality Act (CEQA), as required by California Senate Bill (SB) 743; upholding the use of reduced fees for age-restricted housing; and upholding the offset for affordable housing as outlined in Board Policy B-14.
The 2024 Major Update to the TIF Program will consider the projected growth throughout the County through the year 2045; allocate the growth to community regions, including updates to those regions based upon the 2020 US Census; and update the County’s Travel Demand Model (TDM) to reflect the projected growth patterns. The Board will also be asked to consider the grant funding and non-residential offsets, based upon anticipated funding opportunities and the effects of residential grow...
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