Title
Chief Administrative Office recommending the Board receive an update from the Economic Development Strategic Investment Team and staff providing a report on current approaches, challenges, questions, data collection and options to reducing the Traffic Impact Mitigation Fee to stimulate business activity. (Est. Time: 10 Min.) (Cont. 2/4/14, Item 21)
FUNDING: Except for staff time, there is no funding associated with the cost of the report at this time.
Body
Fiscal Impact/Change to Net County Cost
There is no change to Net County Cost.
Background
On December 17, 2013, the Board of Supervisors directed the Economic Development Strategic Investment Team to analyze and report to the Board any obstacles, opinions, benefits and consequences of reducing Traffic Impact Mitigation (TIM) fees for business within El Dorado County to stimulate business activity and reallocating Transient Occupancy Tax (TOT) revenue to the road fund to compensate for the reduced TIM fee revenue.
On January 15, 2014, the Economic Development Strategic Investment Team discussed the issues and obstacles of reducing TIM fees while allowing for a sustainable economy and infrastructure to support business types. The team identified a significant list of questions, obstacles and options to be considered and is requesting the Board continue this item until March 18, 2014 to allow time to complete the research, analyze the data and prepare the report.
On February 4, 2014, the Board of Supervisors received a staff report outlining numerous possibilities and considerations regarding a possible reduction to TIM fees for non-residential uses. Staff was directed at that time to return with further analysis and recommendations.
Reason for Recommendation
Given recent Board of Supervisors agenda items relating to El Dorado County's General Plan, Travel Demand Model, Capital Improvement Plan, and population growth forecasts, staff recommends continuing the TIM Fee Program in its current ...
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