TRANSPORTATION CORRIDORY AGENCY - PUBLIC HEARING NOTICE - EST 1986

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The statutes identified in Section', of this report which authorize the collection of development fees specify that an Area of Benefit (AOB) shall be established which encompasses real property, which will benefit from construction of the major thoroughfares and bridges. The method of determining the NOB and the share of total corridor costs proposed to be paid by new development in the form of fees is explained in Sections 72 and VIII of this report. The estimated corridor costs and the portions proposed to be allocated to new development through the Major Thoroughfare and Bridge (MTSB) fee program are: New Development Approximate Total Cost Share of Cost 8 San Joaquin Hills: $341,660,000 $165,500,104 48.48 Foothill /Eastern: $516,147,000 $250,228,066 48.59 In accordance with current Board of Supervisors' policy, new developments within the path of the transportation corridors will be conditioned to dedicate right -of -way and grade the corridor within the boundaries of the development, construct arterial overcrossings for internal arterial highways and construct corridor travel lanes and interchange ramps required immediately for access to the development or for closure of short gaps in the transportation system. The estimated cost of these improvements including the estimated value of R/'A dedication in excess of that required for a standard major arterial highway (excluding slope easements) will be considered as a credit against the required MTSB fees to the extent that these costs are included in the fee program. VI. AREA OF BENEFIT In order to establish an MTBB fee program, an Area of Benefit (AOB) must be identified within which fees may be required upon issuance of building permits or recordation of final maps to defray the cost of the major thoroughfares and bridges. Construction of the transportation corridors will provide key facilities to ensure that the County's transportation system is in balance with both existing and future laird uses. The benefits, therefore, accrue not only to those properties which generate a high demand for use of the corridor but those which will benefit from less congestion and delay on the arterial highway and freeway system serving the property. Implementation of a balanced transportation system, including the corridors, will, furthermore, benefit undeveloped properties by allowing approval of land use to the level in County and City General Plans. It is clear that both existing developed properties and undeveloped properties will benefit from construction of the transportation corridors. Development fees are proposed to finance a portion of the corridors proportional to the traffic demands, measured in trip ends, created by new -8-