ADMINISTRATIVE REPORT
MEETING DATE: February 26, 2025 AGENDA CATEGORY: Consent - Agreements TO: Honorable Mayor and City Council
FROM: Zachary Meyer, Public Works Director
DATE: January 29, 2025
SUBJECT: Transportation Impact Fee Credit Agreement with Buena Vista 6577 LLC (not to exceed $130,330.33) for construction of additional lane on west half of Buena Vista Road along the frontage of Tract 6577 Phase 4 and 6 (Ward 5).
RECOMMENDATION:
Staff recommends approval of the agreement.
BACKGROUND:
The Metropolitan Bakersfield Transportation Impact Fee program assures that new development bears a proportionate share of the cost of capita l expenditures necessary to provide a regional transportation system consistent with the Circulation Element of the Metropolitan Bakersfield General Plan. Funds collected from transportation impact fees are used for the purpose of capital improvements to t he transportation facilities contained within the Regional Transportation Facilities (RTIF) List. The Phase III RTIF list was adopted October 10, 2007 (Resolution 221 -07). Such improvements shall be of the type as are made necessary by new development, inc luding, but not limited to widening of roadways or installation of a traffic signal. No funds generated by the program are used for periodic or routine maintenance.
When a developer is required to construct an improvement that is on the Regional Transport ation Facilities List, the developer is eligible to receive a credit against the traffic impact fees for that project.
The developer must submit a credit request, project description, and a complete cost estimate consistent with the unit costs established by the facilities list.
As a requirement of development of Tract Map 6577 Phase 4 & 6, Buena Vista 6577, LLC has constructed one northbound lane of Buena Vista Road along the frontage of Tract 6577 Phase 4 & 6. The City has listed these improvements on the Phase III Regional Facilities List as required facilities for the orderly development of the transportation infrastructure required by the expected development of the Metropolitan Bakersfield General Plan. The City has budgeted $135,330.33 for the construction of these improvements. Buena Vista 6577, LLC wishes to receive a transportation impact fee credit (not to exceed $135,330.33) for the construction of the above-listed improvement. Buena Vista 6577, LLC would like to transfer this credit to Froelich Signature Homes, Inc. and apply the credit to Tracts 6577 Phase 4 and 5 as listed on Exhibit C (attached).
FISCAL IMPACT:
This credit is given to cover future transportation impact fees in exchange for work completed by developer that is on the Regional Transportation List. There is no impact to the General Fund
COUNCIL GOAL:
Reliable Infrastructure
ATTACHMENTS:
Transportation Impact Fee Credit Agreement with Buana Vista 6577 LLC