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Department of Transportation recommending the Board receive and approve the El Dorado Countywide Housing and Employment Projections, 2018-2040 Memoranda pertaining to the Major Update of the Traffic Impact Mitigation (TIM) Fee Program and the Capital Improvement Program (CIP). (Est. Time: 1 Hr.)
FUNDING: TIM Fee Program.
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DISCUSSION / BACKGROUND
The Department of Transportation has been directed to accelerate the Major Update to the TIM Fee Program and the CIP (see September 17, 2019, Item 32). This is the fifth workshop to discuss policy items related to the implementation of the TIM Fee Program.
An El Dorado Countywide Housing and Employment Projections, 2018 - 2040 Memorandum (Memorandum) prepared by the County’s consultant, BAE Urban Economics, Inc. (BAE) was presented to the Board on November 19, 2019 (Item 35). The Board approved the use of a 0.70% annual growth rate for residential growth and 0.67% annual growth rate for non-residential growth for the next twenty year period for the TIM Fee Major Update.
BAE has prepared the 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 summarized the 2010 to 2018 growth patterns documented in Attachment A, Appendix A in Table 3a. As shown in Table 3a, El Dorado Hills captured the vast majority (85.5 percent) of the West Slope’s residential growth, and most (79.5 percent) of the West Slope’s job growth occurred in the areas of the West Slope outside of Community Regions. The concentration of job growth outside of the Community Regions was counter-intuitive, until Kimley-Horn’s examination of the 2010 to 2018 job growth revealed that 936 new jobs were created with the opening of the Red Hawk Casino, which lies just outside the Cameron Park and Shingle Springs Community Regions.
In preparing to allocate El Dorado’s 2018 to 2040 employment and population growth to sub-areas wit...
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