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HomeMy WebLinkAbout(0006) M&C 21-0946City of Fort Worth, Texas Mayor and Council Communication DATE: 12/14/21 M&C FILE NUMBER: M&C 21-0946 LOG NAME: 06NOV 2021 CIAC SEMI-ANNUAL REPORT SUBJECT (ALL) Adopt Semi -Annual Progress Report for Transportation Impact Fees RECOMMENDATION: It is recommended that the City Council adopt the attached Semi -Annual Progress Report for Transportation Impact Fees. DISCUSSION: The Capital Improvements Advisory Committee for Transportation Impact Fees (CIAC) met on November 19, 2021 to review the status of the Transportation Impact Fee Program through September 30, 2021 and voted unanimously to forward the attached Semi -Annual Progress Report (November 2021) to the City Council recommending that the report be adopted. The CIAC does not present any changes to the land use assumptions or the Capital Improvement Plan. Since the April 2021 Semi -Annual Progress Report, the City has received an additional $7.55 Million and has appropriated $23.5 Million in Transportation Impact Fee funds across the various active service areas. Of the $143,933,716.02 in total revenue received throughout the life of the program, $109,961,990.19 has been appropriated, bringing the total expenditure to 76% of revenues. On May 13, 2008, the City Council adopted Transportation Impact Fees via Ordinance No. 18083-05-2008, now codified in City Code at Chapter 30, Article VII. Pursuant to Texas Local Government Code Section 395.058, the Capital Improvements Advisory Committee for Transportation Impact Fees has been appointed to advise and assist the City with the development and implementation of the Transportation Impact Fee Program. The City Plan Commission Members and Alternates serve a dual role as the Capital Improvement Advisory Committee. The CIAC is responsible for reviewing the Land Use Assumptions and Capital Improvements Plan in the Transportation Impact Fee Study and filing semi-annual reports on the progress of the Capital Improvements Plan, report any perceived inequities in implementing the plan or imposing the Impact Fee, and advise the City Council of the need to update or revise the Land Use Assumptions, Capital Improvements Plan, or Impact Fee. A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that approval of this recommendation will have no material effect on City funds. Submitted for City Manager's Office by: Dana Burghdoff 8018 Originating Business Unit Head: Additional Information Contact: Expedited D.J. Harrell 8032 Leonard Mantey 2561