TITLE
Consider a memorandum/resolution authorizing completing the process to establish a Transportation Utility and implement aTransportation Utility Fee.
SUMMARY
AGENDA ITEM
AUTHORIZE COMPLETION OF THE PROCESS TO ESTABLISH A TRANSPORTATION UTILITY AND IMPLEMENT A TRANSPORTATION UTILITY FEE.
ORIGINATING DEPARTMENT
Public Works
BACKGROUND INFORMATION
In March 2014, Kimley-Horn and Associates, Inc. (Kimley-Horn) presented City Council with information relating to infrastructure funding options. This presentation described various infrastructure financing possibilities to include utilizing property taxes; issuing Certificates of Obligation or General Obligation bonds; establishing various different types of policies (rough proportionality, traffic impact study requirements, etc.), Tax Increment Reinvestment Zones and 380 Agreements, and, finally, establishing impact fees and establishing a transportation utility and implementing a transportation utility fee.
In May 2014, City Council authorized entering into a professional services agreement with Kimley-Horn for the development of land use assumptions and water, wastewater, and roadway impact fees under Local Government Code 395 and to determine the feasibility of a transportation utility (CCM/R 14-056R). In May 2014, City Council also authorized a separate professional services agreement with the Alliance Transportation Group to update the City’s Thoroughfare Master Plan and associated CIP Plan (CCM/R 14-058R). The Thoroughfare Master Plan and associated CIP Plan update were adopted by City Council in March 2015 (CCM/R 15-033R).
Throughout the remainder of 2014 and into 2015, presentations were provided to City Council relating to the establishment of a transportation utility with the City Council reaching a consensus in a workshop on July 21, 2015 to discontinue the pursuit of either of the infrastructure const...
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