AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 3/7/2018
TO: Honorable Mayor and City Council Members
FROM: Public Works Department
SUBJECT:
Title
City Council consideration to approve and authorize the City Manager to execute a Memorandum of Understanding between the City of Corona, and The Western Riverside Council of Governments ("WRCOG"), a California joint powers authority regarding Improvement and Credit / Reimbursement Agreements for the Transportation Uniform Mitigation Fee Program (TUMF) associated with the construction of the Cajalco/I-15 Interchange Improvement Project No. 56- 1203.
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RECOMMENDED ACTION:
Recommended action
That the City Council:
1. Approve and authorize the City Manager to execute the Memorandum of Understanding between the City of Corona, and the Western Riverside Council of Governments ("WRCOG"), a California joint powers authority, regarding Improvement and Credit /Reimbursement Agreements for the Transportation Uniform Mitigation Fee Program (TUMF) associated with the construction of the Cajalco/I-15 Interchange Improvement Project No. 56-1203.
Body
ANALYSIS:
The Arantine Hills Holdings LP ("Developer"), a Delaware Limited Partnership, has requested from City of Corona entitlements and permits for the construction of the Development of the Arantine Hills Community, a master planned residential community. Pursuant to the TUMF Program, the City requires Developer to pay the TUMF which covers the Developer's fair share of the costs to deliver TUMF Improvements that help mitigate the Developer's project traffic impacts and burdens on the Regional System of Highways and Arterials (also known as the "TUMF Network"), generated by the Developer's project and that are necessary to protect the safety, health and welfare of persons that travel to and from the Developer's project using the TUMF Network. In addition, as a condition to the City's approval of the Arantine Hills Community project, and pursuant to Arantin...
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