Title
Chief Administrative Office recommending the Board, in accordance with Board of Supervisors Policy B-14:
1) Make a finding that specific projects will provide significant community benefit by providing housing that is affordable to very low-, low-and/or moderate-income households; and,
2) Award Traffic Impact Mitigation (TIM) Fee Offsets totaling $777,900.
FUNDING: Traffic Impact Mitigation Fees.
Body
BUDGET SUMMARY:
Total Estimated Cost $777,900
Funding
Budgeted $777,900
New Funding $
Savings $
Other $
Total Funding Available $777,900
Change To Net County Cost $0
Fiscal Impact/Change to Net County Cost: There is no impact to Net County Cost for the offset of this TIM fee. After the award of the offsets, there would be $3,587,040 remaining in the TIM Fee Offset program. A summary of the TIM fee offsets from inception of the program is provided as Attachment B.
Background: On December 11, 2007, the Board adopted policy B-14, Traffic Impact Mitigation (TIM) Fee Offset Program for Developments with Affordable Housing Units. The TIM Fee Offset Committee considers requests from developers twice each year from January 1 through 15 and July 1 through 15. The TIM Fee Offset Review Committee convened to review the ninth round of TIM Fee Offset applications which closed January 15, 2012. The committee includes representatives from the Health & Human Services Agency, Development Services Department, Environmental Management, and the Department of Transportation.
Four applications were submitted for the ninth round of the TIM Fee Offset program, three for second dwelling units on owner-occupied parcels located in Rescue (Zone 2, Supervisorial District 4), Cameron Park (Zone 2, Supervisorial District 2), and Diamond Springs (Zone 3, Supervisorial District 3); and one application for an eighty unit multifamily affordable senior apartment project in Cameron Park (Zone 2, Superviso...
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