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HomeMy WebLinkAboutAgenda Statenent 1978/10/19 item 28 CITY OF CHULA VISTA COUNCIL A�ENDA STATEMEiVT �tem No. -�� 28 For meeting of 1 0/�8 � � ITEM �ITLE Ordinance#1835 Requiring Participation by Frivate Developers in Financing and/or Installation of Traffic Si.c�nals � �'11� ` �LvCi ar.i C�:_t:�..�l�.t.: i',�i'a..�'.+ �`:�tJl7TILJ. SUBMITTED BY Director of Public Works ��d ;}V � ITEM EXPLANATION (4/5TH'S VOTE REQUIRED YES NO X ) On August 8, 1978, the City Council approved Council Resolution No. 9221 relating to participation by private developers ir� the financing or installation of traffic signal systems on public streets throughout the City. The policy sets forth the basis for such participation and the traffic generating factors to be used in determining the amount of fees. In order to implement the provisions of the policy, it is necessary that the Council adopt an ordinance requiring participation and creating a traffic signal account. The exact amount of the fees shall be �stablished in the policy and may be changed from time to time as construction costs increase or decrease. The fee of $7. 00 per daily trips generated would represent a fee for a typical R-1 structure which generates 12 trips per day of $84 . 00 . (JPL:rms/KY009) EXNIBITS Agreement Resolution Ordinance� Plat Notification List Other ENVIRONMENTAL DOCUMENT: Attached Submitted on FINANCIAL IMPACT The finances for future traffic signals in the City will be participated in by private developers, therefore reducing the impact upon the City' s General Fund. STAFF RECOMMENDATION Place ordinance on First Reading. BOARD/COMMISSIDN RECOMMENDATION � a��- �� �- COUNCIL ACTION -� �R'` �^�I..:'!.. �=� -��,-'� • � � ,� z..� �Y `���' '�i*y� C..��:�c;9 � � by the C ty Cooan�:�� Jf ,, ", �. ,.��,.� . Cn�fa 1�'ista, C:�,�a;ornia C�,!�i� Y';,r,�, �,_.,,;;�yf,��a , Date�l ,Q " 3 ��._� Dat°� /4 — 09-' ���,�.� t.��,�� _.______�, � � Fo rm A-113 (Rev. 5/77)