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Receive the annual report and Capital Improvement Plan for the English Hills Transportation Impact Fee Program for FY2023/24; and Adopt a resolution approving the updated English Hills Transportation Impact Fee Area Capital Improvement Plan
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Published Notice Required? Yes __X__ No __ __
Public Hearing Required? Yes __X__ No _____
DEPARTMENTAL RECOMMENDATION:
The Department of Resource Management recommends that the Board of Supervisors:
1. Receive the annual report and Capital Improvement Plan for the English Hills Transportation Impact Fee Program for FY2023/24; and
2. Adopt a resolution (Attachment A) approving the updated English Hills Transportation Impact Fee Area Capital Improvement Plan.
SUMMARY:
Each year, the Board is required by State law to review the English Hills Transportation Impact Fee program ("Program"), adopted by the Board of Supervisors in 2001 (Attachment B - Boundary Map). The Board must adopt a resolution which approves the Capital Improvement Plan for the Program and must also include findings relative to expended and unexpended funds generated by the fee program. In FY2023/24, the Program did not fund any improvements, ending the fiscal year with a balance of $202,819 (Attachment C - Annual Report). Given the small existing fund balance, staff's recommendation is not to fund any projects shown in the English Hills Transportation Impact Fee Area Capital Improvement Plan (Attachment D - Capital Improvement Plan) in FY2024/25 and to wait until the fund balance grows to a larger amount.
State law also requires the Board of Supervisors review the adequacy of the fee every 5 years. The last 5-year review was completed in 2021, with the County adjusting fees downward due to completion of improvements and to adjust the fee for secondary dwelling units.
FINANCIAL IMPACT:
Funds collected from the Program are placed in a separate fund for future improvements to specific roads as outlined in the English Hills Tra...
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