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Item 25 Staff Report Consider Adoption of Resolution Revising Town-Wide Traffic Impact Mitigation Fees. (Continued from November 18, 1991 and July 20, 1992).COUNCIL AGENDA DATE: 9/8/92 ITEM NO. TOWN OF LOS GATOS COUNCIL AGENDA REPORT DATE: August 28, 1992 TO: MAYOR AND TOWN COUNCI FROM: TOWN MANAGER SUBJECT: CONSIDER ADOPTION OF RESOLUTION REVISING TOWN -WIDE TRAFFIC IMPACT MITIGATION FEES. (CONTINUED FROM NOVEMBER 18, 1991 AND JULY 20, 1992.) RECOMMENDATION: Adopt resolution amending traffic impact mitigation fees which supersedes resolution 1990-144. (The public hearing on this matter has been closed and does not need to be reopened unless additional public testimony is necessary.) DISCUSSION: On July 20, 1992, the Town Council directed staff to amend the resolution establishing the Town -wide Traffic Impact Mitigation Fees so that the fee can be paid by the Town in certain instances. The Council wanted to waive payment of the traffic impact fee for the Rankin Block which raised legal issues. Rather than amend the fee resolution, staff is recommending that the traffic impact fee for the Rankin Block be paid at the time of occupancy and that a Rehabilitation Grant and Loan Program be developed by the Redevelopment Advisory Committee. This type of program is consistent with the Redevelopment Plan and would enable the Redevelopment Agency to provide loans and grants to owners of earthquake damaged buildings requiring major repair or reconstruction. The Town could make a loan to the Redevelopment Agency to fund this program initially so qualified property owners could apply for loans and grants immediately. PREPARED BY: LEE E. BOWMAN PLANNING DIRECTOR LEB:BL:lkj:lkj Revised: B/28/92 1:45 pm L30\cnclrpts\rehab.tc File # Reviewed by: Attorney Clerk Finance Treasurer COUNCIL ACTION/ACTION DIRECTED TO: September 8, 1992 Los Gatos, California HEARINGS TRAFFIC IMPACT MITIGATION FEES/SUPERSEDES RESOLUTION 1990-144/HEARING (cont. from 11/18/91 and 7/20/92) (25.39) Mayor Carlson stated that this was the time and place duly noted for public hearing to consider adoption of resolution revising Town -wide traffic mitigation fees. The following persons from the audience spoke regarding this subject: Mr. Joe Hargett, 95 Church Street, President of the Los Gatos Downtown Association is concerned about how the fees will be used, what they will be applied to once collected, whether they are refundable, and will they be prorated. Mr. Harget questioned how it would apply if he expanded a 1200 foot specialty retail store, given the fees that are in place today, compared to the fees which Council is considering adopting tonight. He calculated that if he where to expand from 1200 sq. feet and change the use from "specialty retail" to 600 feet in a restaurant, the current fee would be $2520.00 after credits. If Council adopts the changes tonight, the fee cost for "specialty retail" would be $11,640.00. If he had a 2000 square foot restaurant, the fee today would be $8400.00. However, under the new fee schedule it would be $26,100.00 which is a 300% increase. He is concerned about the economics of doing business in the Town of Los Gatos and the signal the fees would send to new businesses thinking of locating in Los Gatos. He is also concerned about the impact it would have in the Downtown Association's efforts to promote and develop downtown as a vital retail area. Mr. Ventura indicated that during an informal meeting with staff, a separate category for restaurants was discussed and wondered if it was consistent with the concerns that Mr. Hargett has voiced. Mr. Hargett felt that it would be helpful to break it at a square footage or geographic area. He indicated that it was difficult to explain to any one how the Town was going to mitigate traffic with the fees. He also still questions where is the money going, how is it going to be used. Mr. Attaway questioned staff as to the problems and changing definitions. Mr. Bowman indicated that it was difficult to support any change with the statistics available at this time. No one else wished to speak to this matter at this time. Motion by Mrs. Benjamin, seconded by Mr. Blanton to close the Public Hearing. Carried unanimously. Mr. Ventura proposed that a particular size would get the same characteristics as specialty retail in order to use that element of the table or that Council consider extending the table by adding a new category. TC:D4:MIMO90892 5