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09 Staff Report - Adopt a Resolution Suspending the Transportation Impact Fee with attachments Reviewed by: Town Manager, Assistant Town Manager, Town Attorney, and Finance Director 110 E. Main Street Los Gatos, CA 95030 ● (408) 354-6832 www.losgatosca.gov TOWN OF LOS GATOS COUNCIL AGENDA REPORT MEETING DATE: 03/19/2024 DATE: March 15, 2024 TO: Mayor and Town Council FROM: Gabrielle Whelan, Town Attorney SUBJECT: Adopt a Resolution Suspending Resolution Nos. 2024-003, 2024-004, and 2024-005 Regarding the Transportation Impact Fee RECOMMENDATION: Adopt a Resolution suspending Resolution Nos. 2024-003, 2024-004, and 2024-005 regarding the transportation impact fee. BACKGROUND: On January 16, 2024, the Town Council adopted an updated transportation impact fee. A question was raised regarding the methodology used in the nexus study in support of the updated fee. Staff is gathering information regarding the methodology used. The Resolutions updating the fee took effect on March 15, 2024. DISCUSSION: Staff is obtaining information regarding the methodology used for nexus study and will schedule this topic for future discussion by the Town Council. CONCLUSION: Staff recommends that the Town Council suspend Resolution Nos. 2024-003, 2024-004, and 2024-005, pending a future staff report to the Town Council regarding the nexus study. If the January 16th resolutions are suspended, the former traffic impact fee will remain in place. COORDINATION: This report was coordinated with the Department of Parks and Public Works. PAGE 2 OF 2 SUBJECT: Resolution Suspending Resolution Nos. 2024-003, 2024-004, and 2024-005 Regarding the Transportation Impact Fee DATE: March 15, 2024 FISCAL IMPACT: This action will result in a return to the former traffic impact fee, which is lower. ENVIRONMENTAL ASSESSMENT: This is not a project defined under CEQA, and no further action is required. Attachment: 1. Resolution Suspending Resolution Nos. 2024-003, 2024-004, and 2024-005 1 of 1 Resolution 20 - Date DRAFT RESOLUTION RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS SUSPENDING RESOLUTION NOS. 2024-003, 2024-004, AND 2024-005 WHEREAS, the Town Council adopted an updated transportation impact fee on January 16, 2024; and WHEREAS, the Town received a question regarding the methodology used in the nexus study in support of the updated transportation impact fee; and WHEREAS, pending the collection of information regarding the methodology used in the nexus study, staff recommends suspending Resolution No. 2024-003 Adopting the Nexus Study for the 2023 Update to the Transportation Impact Fee, Resolution No. 2024-004 Updating the Transportation Impact Fee and Amending the 2023-2024 Master Fee Schedule to Include the Updated Fee, and Resolution No. 2024-005 amending the Traffic Impact Policy; NOW, THEREFORE, BE IT RESOLVED, the Town Council suspends Resolution Nos. 2024- 003, 2024-004, 2024-005, pending staff’s collection of information regarding the methodology used in the nexus study and a future Town Council discussion of this topic. PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos, California, held on the 19th day of March, by the following vote: COUNCIL MEMBERS: AYES: NAYS: ABSENT: ABSTAIN: SIGNED: _______________________________ MAYOR OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA DATE: __________________ ATTEST: ___________________________________ TOWN CLERK OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA DATE: __________________ Attachment 1