ADMINISTRATIVE REPORT
MEETING DATE: May 27, 2026 AGENDA CATEGORY: Consent - Agreements TO: Honorable Mayor and City Council
FROM: Phillip Burns, Development Services Director
DATE: May 6, 2026
SUBJECT: Transportation Impact Fee credit agreement with Summit Capital Ventures, Inc (not to exceed $89,143.35) with Summit Capital Ventures, Inc. for improvements constructed on East Panama Lane. (Ward 1)
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 capital 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 the transportation facilities contained within the Regional Transportation Facilities (RTIF) List. The Phase III RTIF list was adopted December 17, 2008 (Resolution 218-08). Such improvements shall be of the type as are made necessary by new development, including, 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 Transportation 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 6712, Summit Capital Ventures, Inc. has constructed East Panama Lane to full 1/2 width on the eastbound lane between the west tract boundary of Tract 6712 and the east tract boundary of Tract 6712. The City has listed these improvements on the Phase IV 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 $89,143.35 for the construction of these improvements. Summit Capital Ventures, Inc. wishes to receive a transportation impact fee credit (not to exceed $89,143.35) for the construction of the above-listed improvement. The credit will be applied to Tract 7405 Phase 2 and Tract 7405 Phase 3 as listed on Exhibit C.
FISCAL IMPACT:
The credit is given to cover future transportation impact fees in exchange for work completed by the developer that is on the Regional Transportation List. There is no impact to the City’s General Fund.
COUNCIL GOAL:
Reliable Infrastructure
ATTACHMENTS:
TIF Credit Agreement with Summit Capital Ventures, Inc.