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HomeMy WebLinkAboutReso 087-03 TVTD FeeAdj Amend RESOLUTION NO. 87 - 03 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN RESOLUTION APPROVING IMPLEMENTATION OF THE PROPOSED TR1-VALLEY TRANSPORTATION DEVELOPMENT (TVTD) FEE ADJUSTMENT, AUTHORIZING THE MAYOR TO EXECUTE ADDENDUM I TO THE TRI-VALLEY TRANSPORTATION COUNCIL (TVTC) JOINT EXERCISE OF POWERS AGREEMENT, AND AMENDING RESOLUTION 89-98 ESTABLISHING A TVTD FEE FOR FUTURE DEVELOPMENTS WITHIN THE CITY OF DUBLIN WHEREAS, each of the Tri-Valley jurisdictions adopted the Joint Exercise of Powers Agreement (JEPA) for the Tri-Valley Transportation Development Fees (TVTDF); and WHEREAS, in 1998, the City Council adopted Resolution 89-98 imposing a TVTD Fee; and WHEREAS, all TVTC jurisdictions have resolved to cooperatively participate and adopt uniform TVTD Fee rates; and WHEREAS, the TVTD Fee applies to new development in all seven member jurisdictions within the Tri-Valley area; and WHEREAS, revenues from the TVTD Fees are used to fund the regional transportation improvements identified in the Tri-Valley Transportation Plan/Action Plan (TVTP/AP) and the Strategic Expenditure Plan (SEP); and WHEREAS, the TVTC commissioned a "fee nexus study" in 1996 to establish the TVTD Fee based on traffic impacts from new development~ and the costs for the transportation improvements identified in the TVTP/AP; and WHEREAS, the adopted fee in 1998 for Office development was only 10.3% of the resulting fee from the "fee nexus study" for this type of land use; and WHEREAS, the adopted fee in 1998 for Industrial development was only 11.5% of the resulting fee from the "fee nexus study" for this type of land use; and WHEREAS, the 1-580/1-680 Interchange Improvements project is now complete; and WHEREAS, the estimated total cost for the existing ten TVTDF projects has increased by approximately 65%; and WHEREAS, the construction cost index for the San Francisco Bay Area has risen by approximately 14% since the adoption of the TVTD Fee in 1998; and WHEREAS, an estimated $10.2 million in cash flow deficit is anticipated to occur by fiscal year 2009-10 based on the current expenditure plan and the scheduling requirements of TVTDF projects; and -1- WHEREAS, the gap between fee revenues and regional transportation improvement costs has left some projects unable to be fully funded, and will likely result in the delayed delivery of these improvements; and WHEREAS, Subsection 13.b of the JEPA specifies that for non-automatic TVTD Fee adjustments agreed upon by the Parties, the amount of the adjustment shall be included in a written addendum to the JEPA that shall be approved by each Party and in amendments of each adopted fee resolution or ordinance; and WHEREAS, the seven member jurisdictions of the TVTC voted unanimously in favor of an interim fee adjustment to the current TVTD Fee rates during the TVTC meeting on April 23, 2003; and WHEREAS, as part of its approval of the interim fee adjustment proposal, the TVTC also approved the proposed Addendum I to the JEPA Agreement and appropriation of $100,000 for the preparation of an updated fee nexus study; and WHEREAS, the TVTC has directed each member jurisdiction Party to the JEPA to approve implementation of the proposed TVTD Fee adjustment and execute Addendum I to the JEPA to reflect this rate change; NOW THEREFORE, the City Council of the City of Dublin does RESOLVE as follows: 1. Implementation of the interim TVTD Fee adjustment schedule as listed in paragraph 4 below is approved. 2. The Mayor is authorized to execute Addendum I to the Joint Exercise of Powers Agreement Pertaining to Tri-Valley Transportation Development Fees for Traffic Mitigation. 3. Appropriation of $100,000 in TVTD Fee funds for the preparation of an updated fee nexus study is approved. 4. Attachment D of Resolution No. 89-98 is hereby amended as follows to reflect the adjusted fee rates: [ Land Use Type Fee Per Unit ] Single Family Residential $1,711 Dwelling Unit Multi-Family Residential $1,087 Dwelling Unit Office $3.07 Square Foot of Gross Floor Area Retail $1.14 Square Foot of Gross Floor Area Industrial $2.08 Square Foot of Gross Floor Area Other $685 Average AM/PM Peak Hour Trip* *Peak-hour trips will be determined from the latest revision to the Institute of Transportation Engineers' Trip Generation Manual or other rate schedule as agreed to by the TVTC. Notwithstanding the foregoing, an applicant for a Land Use Entitlement who is dissatisfied with the number of peak- hour trips, as calculated by the City/County, may appeal the determination to the Council/Board of Supervisors. If such an appeal is granted by the Council/Board of Supervisors, and the Council/Board of Supervisors adjusts the number of peak-hour trips, the City/County shall have such decision ratified by five members of the TVTC. Absent such ratification, the full amount of the fee must be paid by the applicant. 2 5. This resolution shall become effective immediately upon its passage and adoption. The revised fee rates shall be effective 60 days after adoption of this resolution, provided that a similar amendment is adopted by the other member jurisdictions of the Tri-Valley Transportation Council. PASSED, APPROVED AND ADOPTED this 20th day of May, 2003. AYES: ' Councilmembers McCormick, Oravetz, Sbranti and Zika, and Mayor Lockhart NOES: None ABSENT: None ABSTAIN: None ATTEST: G:\CC-MTGS~2003-qtr2hMay\5-20-03Xreso TVTD fee adjustment, doc (Item 6.1) -3-