Loading...
HomeMy WebLinkAboutItem 2 - AB1600 Council Memo 10-6-17City of San Luis Obispo, Council Memorandum DATE: October 6, 2017 TO: City Council Planning Commission FROM: Michael Codron, Community Development Director PREPARED: Lee Johnson, Economic Development Manager SUBJECT: Background Information on Capital Facilities Fee Programs and Infrastructure Financing To help inform the Council, Planning Commission and public prior to the upcoming Study Sessions on the City’s Capital Facilities Fee programs, this memo outlines some of the work that has been done previously on infrastructure financing. Documents from previous meetings provide key background related to this complex topic and a compendium of all of the background information is now available for download. In October 2012, the City Council adopted an Economic Development Strategic Plan (EDSP). The plan was updated in 2015. The primary goal of the plan is to help create head of household jobs, and the Plan recognizes how important infrastructure financing is to accomplish this goal. As an implementation measure of the EDSP, the Council authorized staff in April 2013 to hire a consultant to undertake an infrastructure financing analysis that would include a series of study sessions with the Council. The purpose of these study sessions was to provide the Council and the community with information, context and tools to support informed decision making and direction. Economic & Planning Systems, Inc. (EPS) was hired to complete the infrastructure analysis andkicked off the Project in July 2013. Preliminary work included two memoranda. The first memorandum documented EPS’s review of the City’s current development impact fee programs – including recommendations for consideration in the next fee update. The second memorandum provided an overview of available infrastructure financing tools. The three Council Study Sessions were organized as follows: Study Session #1: Introduction and Background. This session was held on January 21, 2014, and covered the current trends in municipal infrastructure financing, gave an overview of development impact fees and reviewed the development of the City’s existing fee programs. Study Session #2: Economic and Policy Implications of Development Impact Fees. This session was held on February 18, 2014, and highlighted the tools available to the City and the policy implications and trade-offs associated with the various options. AB 1600 Fee Update Page 2 Study Session #3: Direction for updating the City’s Development Impact Fees. The final session (March 18, 2014) was a business item and focused on the path forward. In this session, Council provided direction to staff based on the first two sessions and accompanying documents. The full compendium of final documents is available for download. For questions or additional information please contact Michael Codron (805) 781-7187, Xzandrea Fowler (805) 781-7274, or Lee Johnson (805) 781-7164. \\chstore7\team\admin\economicdevelopment\program updates\ab1600 council memo 10-4-17.docx