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HomeMy WebLinkAboutAGENDA REPORT 1993 0616 CC REG ITEM 08OTO: FROM: AGENDA REPORT CITY OF MOORPARK The Honorable City Council Steven Rueny, City Manager ' ITEM v_�• DATE: June 11, 1993 (CC Meeting of June 16, 1993) 1W3 ACTION: /%j by SUBJECT: Consider Dissolution of Fund 29 (Los Angeles Avenue Alternate Route Area of Contribution) and Transfer its Fund Balance to Fund 27 (Los Angeles Avenue Area of Contribution) and Fund 21 (City Wide Traffic Mitigation) BACKGROUND: One standard condition for traffic mitigation for all development projects is to make a payment to one of the two major Areas of Contribution (AOC). The two major AOC9s are the Tierra Rejada Road /Spring Road AOC and the Los Angeles Avenue AOC. Those developments north of the Arroyo Simi contribute to the Los Angeles Avenue AOC. In 1986, the City Council conditioned the 484 unit Tract 3963 (Griffin) to contribute the equivalent of its Los Angeles Avenue AOC to a separate traffic mitigation fund known as the Los Angeles Avenue Alternate Route AOC Fund (Alternate Route). This contribution was in lieu of a contribution to the Los Angeles Avenue AOC Fund. The rationale for this action was that this project could be better served by the construction of an Alternate Route rather than the improvement of existing Los Angeles Avenue. At that time, the Alternate Route, as depicted on the Circulation Element, was an easterly extension of New Los Angeles Avenue across the Arroyo Simi to connect to Collins Drive. Condition 61.d. of this project states that, "All or part of these funds may be used for the purposes of the Los Angeles Avenue AOC upon a four - fifths (4/5) vote of the City Council." Also in 1986, the 93 unit Tract 3049 (A & R Development) was conditioned to pay its traffic mitigation fees to the Alternate Route fund. Condition 32.b. of this project states that, "All or part of these funds may be used for the purposes of the Los Angeles Avenue AOC upon a four - fifths (4/5) vote of the City Council." These two projects were the only projects to contribute to the Alternate Route fund.