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base line for network trips. This is established using the existing trips generated by the last land use for 36 the parcels. 37 We have asked SRF Consulting to develop a revised Figure 21 that shows how the inclusion of this 3, 2030 background traffic and base line traffic would alter the cost allocation amounts. 39 The City Attorney has drafted an ordinance that will create a Twin Lakes Zoning Overlay District to 4 implement the mitigation measures identified in the Twin Lakes AUAR (which includes the °11 construction of infrastructure). The proposed ordinance identifies the Twin Lakes Infrastructure 42 Improvement Report as the method of identifying a property owner's obligation for infrastructure 43 investment. The ordinance lays out development limitations for property within the Twin Lakes 44 Overlay District based on pre-existing network trips. The ordinance does not allow for development on 45 a parcel beyond the pre-existing network trips unless 1), the property owner enters into a voluntary 46 development agreement with the City that would include payment for the construction of the 47 infrastructure; 2), the property owner makes other arrangements satisfactory to the City for the 48 construction and payment of the infrastructure; or 3), the property owner waits until all infrastructure is 49 in place and paid for before redeveloping their parcel. 5o The Twin Lakes Overlay District also requires compliance with the other mitigation requirements �'i identified in the Twin Lakes AUAR. Staff brought the proposed ordinance to the September 7th 52 Planning Commission Meeting. 53 POLICY OBJECTIVE 54 The intent of the Infrastructure Study was to allocate public improvement costs related to 55 redevelopment in the Twin Lakes area. This is the annual update of this study that incorporates the 56 actual Twin Lakes Infrastructure Phase 2 costs and distributes them consistent with the methodology in �' ��7 the original report. 58 FINANCIAL IMPACTS 59 The "Infrastructure Improvements for the Twin Lakes AUAR Area- Final Report"' estimates each 6('_-) parcel's obligation for its share of costs for the public infrastructure construction to mitigate 6'i environmental impacts. In the long term, developers will contribute towards the cost of the 62 improvements when their property redevelops with contributions calculated using the cost allocation 63 formulas described in the report. 64 STAFF RECOMMENDATION 65 Approve the amendments to the Infrastructure IMprovements for the Twin Lakes AUAR Area- Final 66 Report. 67 REQUESTED COUNCIL ACTION 64, Approved the amendments to the Infrastructure IMprovements for the Twin Lakes AU, R Area- Final 69 Report. "7 ('_) Prepared by: Debra Bloom., City Engineer Attachments: A: Infrastructure Improvement Location Map B: Twin Lakes ALTAR. Boundary Map C: Figure 21 2010/ 2011 Page 2 of 2