TITLE
Recommendation to adopt resolution approving the Traffic Mitigation Program Eighteenth Annual Report (Fiscal Year 2008-09). (Citywide)
DISCUSSION
The Traffic Mitigation Program Eighteenth Annual Report (Exhibit A) summarizes the status of implementation of the citywide Traffic Mitigation Program (TMP), and provides detailed information on development, capital improvement, and financial activity related to the program. This report covers the fiscal year ending on September 30, 2009.
The TMP is the City’s program for implementing the transportation improvements needed to meet increased traffic resulting from economic growth using a combination of public funds, such as gas tax and federal grants, and impact fees from new development. The TMP was designed as the mechanism by which the City could implement its basic access strategy to support economic growth and maintain mobility.
In FY 09, a total of $688,701 in transportation improvement fund fees was collected, with $2,286,664 in expenditures and reimbursements, leaving a fund balance of $12,312,904 that is currently fully obligated to projects in design or already under construction. These funds may only be used to provide transportation improvements needed to serve new development.
In FY 09, the City issued permits for 12 residential units, 6,183 gross square feet of industrial development, and 76,318 gross square feet of commercial development, which will generate an estimated 553 evening peak hour trips each weekday.
The attached report is provided in accordance with Traffic Mitigation Program Ordinance No. C-6836 (as amended by Ordinance No C-6848) adopted on December 18, 1990, and Airport Area Assessment District Ordinance No. C-6776 adopted August 28, 1990, as well as Long Beach Municipal Code Sections 18.17.170 and 18.19.180 and California Government Code Sections 66001 and 66006.
This matter was reviewed by Deputy City Attorney Linda Trang on August 4, 2010 and by Budget Management Off...
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