REQUEST FOR CITY COUNCIL ACTION
DATE: 10/05/2022
TO: Honorable Mayor and City Council Members
FROM: Planning and Development Department
SUBJECT:
Title
First amendment to the Transportation Uniform Mitigation Fee Program Improvement and Credit/Reimbursement Agreement for the Cajalco Road and Interstate 15 Interchange Improvement Project.
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EXECUTIVE SUMMARY:
This staff report asks that the City Council consider a request by the master developer of the Bedford Communities to amend an existing credit/reimbursement agreement with the City for the construction of the circulation improvements that were part of the Transportation Uniform Mitigation Fee (TUMF) Nexus Study. The developer constructed the circulation improvements for the Cajalco Road and Interstate 15 Improvement Project and was approved for TUMF credit against the 1,621 residential units entitled for the Bedford Communities. The request is to include land within the agreement that was not originally contemplated when the initial agreement was approved. The additional land being added to the agreement does not increase the number of residential units already entitled. The entitled residential units are being spread across the additional property, which is intended for future development.
RECOMMENDED ACTION:
Recommended action
That the City Council:
a. Approve the First Amendment to the Transportation Uniform Mitigation Fee Program Improvement and Credit/Reimbursement Agreement between the City and Arantine Hills Holdings L.P for the Cajalco Road and Interstate 15 Interchange Improvement Project.
b. Authorize the City Manager, or his designee, to execute the First Amendment to the Transportation Uniform Mitigation Fee Program Improvement and Credit/Reimbursement Agreement between the City and Arantine Hills Holdings L.P for the Cajalco Road and Interstate 15 Interchange Improvement Project.
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BACKGROUND & HISTORY:
The master developer of the Bedford Communities, whi...
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