2014-059 - Amending the Town of Los Gatos Traffic Impact Policy

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RESOLUTION 2014 -059 RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS AMENDING THE TRAFFIC IMPACT POLICY AND RESCINDING RESOLUTION 1991 -174 WHEREAS, on August 5, 1991, the Town of Los Gatos adopted Resolution 1991 -174 adopting a Traffic Impact Policy; and WHEREAS, Chapter 15, Article VII of the Town of Los Gatos Town Code provides for the establishment of Traffic hnpact Mitigation Fees; and WHEREAS, on March 24, 2014, the Town Council at a duly noticed Public Hearing considered and took action on the specific amount to be charged for traffic mitigation fees; and WHEREAS, on May 19, 2014, the Town Council adopted Resolution 2014 -017 confirming actions taken by the Council on March 24, 2014 amending the Town's Traffic Impact Mitigation Fees; and WHEREAS, on May 19, 2014, the Town Council, in conjunction with amending the Town's Traffic Impact Mitigation Fees also adopted a number of additional provisions related to the assessment of Traffic Impact Mitigation Fees, including provisions related to specialty retail uses, traffic credit for existing or fonner uses, secondary dwelling units, low income housing, and credit for payment and construction of Traffic Mitigation Improvement Projects; and WHEREAS, a revision of the 1991 Traffic Impact Policy is needed to conform the Town's Traffic Impact Policy with the recent changes to the Town's Traffic Impact Mitigation Fees enacted with the adoption of Resolution 2014 -017. NOW, THEREFORE, BE IT RESOLVED, by the Town Council of the Town of Los Gatos, County of Santa Clara, State of California that the attached Traffic Impact Policy (Exhibit A), dated August 19, 2014 is hereby adopted. FURTHER RESOLVED, this resolution rescinds provisions of Resolution No. 2002- 175 related to Community Benefit offerings for projects generating more than five new peak hour trips. FURTHER RESOLVED, the elimination of Community Benefit shall only apply to traffic impacts and not to Community Benefit requirements for projects set forth elsewhere in Council Policy or Town Code. FURTHER RESOLVED, this resolution rescinds Resolution No. 1991 -174.