RES 95024X - Laserfiche WebLink

-- Executive Summary · Submission to Regional Committee of proposed revision(s) to Action Plan to mitigate impacts associated with proposed General Plan ~mendments. General Plan amend- ments that would reduce the effectiveness of adopted Action Plan~ may lead to a determination of non-compliance if the Action Plan csnnot be revised with the approval of the Regional Committee and the CCTA. Financing the Tri-Valley Transportation Plan The Tri-Valley Transportation Plan was designed to be a feasible, realistic, financially ' constrained plan. Still, the plan will require additional funding beyond that provided by existing sources. Federal and state funds are limited. The Metropolitan Transportation Commission's (MTC) Regional Transportation Plan (RTP) is used as the source for estimating future public transportation revenues. Additional funding is suggested through the adoption of a subregional traffic impact fee on new, unapproved development. The Plan identifies 11 regional transportation improvements that could be funded through the impact fee (see Table E-l). Funding these 11 projects, the fee would calculate to about $2,800 per dwelling unit and $6 per square foot for commercial/office/industrial space. This discussion is preliminary in nature. The project list, cost estimates, and possible fees are subject to change pending further discussion at the TVTC and evaluation of the nexus relationship between new development and its impact on traffic. Plan Implementation In order for the Tri-Valley Transportation Plan to be implemented, it must be adopted by each TVTC member jurisdiction. The following elements should be adopted: · 2010 Planned Transportation Network · Transportation Senrice Objectives · Action Plans for Routes of Regional Significance (see Chapter 9) · Financing Plan - · Subregional Transportation Impact Fee concept -- Barton-Aschman Associates, Inc. xiv