Resolution 2004- 95
RESOLUTION NO. 2004-95
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GILROY APPROVING A POLICY REGARDING ANNUAL
ADJUSTMENT OF THE TRAFFIC IMP ACT FEE BASED ON
REVIEW OF THE COSTS OF THE TRAFFIC PROJECTS
WHEREAS, the City Council adjusted the Traffic Impact Fee pursuant to Resolution No.
2004-90 adopted on October 18, 2004; and
WHEREAS, the City Council agreed that a proper method regarding possible annual
adjustments to that fee should be based on an annual review and adjustment of the overall budget
and unit costs for each project listed for construction to paid by Traffic Impacts Fees, with a
corresponding adjustment to the Traffic Fee.
NOW, THEREFORE, the City Council approves the following policy in relation to annual
adjustments ofthe Traffic Impact Fee:
1. The Traffic Impact Fee shall be adjusted by resolution of the City Council annually
effective January 1 of each calendar year based upon a review ofthe overall budgets and unit costs
for each project scheduled for funding from the Traffic Impact Fund ("the TIF".)
2. The project review and unit cost adjustment will be analyzed or confirmed by an
engineering firm selected by the City, and the updating will be based on actual and/or foreseeable
costs being experienced by the building industry. The resulting fee adjustment will correspond to
the overall change in the TIF budget caused by the updated unit costs and project review.
3. The City Council may also by resolution adjust the amount ofthe Traffic Impact Fee
from time to time based on new data.
PASSED AND ADOPTED this 1st day of November, 2004, by the following vote:
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Resolution No. 2004-95
AYES:
COUNCILMEMBERS:
NOES:
COUNCILMEMBERS:
ABSENT:
COUNCILMEMBERS:
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onda Pellm, CIty Clerk
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CORREA, DILLON, GARTMAN, MORALES,
VALIQUETTE, VELASCO and PINHEIRO
NONE
NONE
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Resolution No. 2004-95
I, RHONDA PELLIN, City Clerk of the City of Gilroy, do hereby certify that the attached
Resolution No. 2004-95 is an original resolution, or true and correct copy of a city resolution,
duly adopted by the Council of the City of Gilroy at a regular meeting of said Council held on the
1st day of November, 2004, at which meeting a quorum was present.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Official Seal of
the City of Gilroy this 4th day of November, 2004.
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City Clerk of the City of Gilroy
(Seal)