HomeMy WebLinkAbout2018-02-06 Finance Committee Action Minutes FINANCE COMMITTEE
ACTION MINUTES
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Regular Meeting
February 6, 2018
Chairperson Scharff called the meeting to order at 6:03 P.M. in the
Community Meeting Room, 250 Hamilton Avenue, Palo Alto, California.
Present: Filseth, Kou, Scharff (Chair), Tanaka
Absent:
Agenda Items
1. Review the Draft Transportation Impact Fee Nexus Study and
Recommend That the City Council Consider Adoption of an Ordinance
Based on Study Recommendations to Consolidate and Update the
City’s Transportation Impact Fee Program as Anticipated in the City’s
Comprehensive Plan Adopted on November 13, 2017.
MOTION: Chair Scharff moved, seconded by Vice Mayor Filseth to
recommend the Council consider adoption of an Ordinance to consolidate
and update the City’s Transportation Impact Fee Program, including the
following:
A. Removal of all exemptions except for affordable housing projects and
daycare; and
B. Fifty percent trip reduction for retail.
MOTION PASSED: 4-0
2. Discussion on Infrastructure Plan Projects, Anticipated Costs and
Funding Levels, and Potential Direction on Next Steps Regarding
Project Priorities, Timing and Potential Funding Options.
NO ACTION TAKEN
Future Meetings and Agendas
Lalo Perez, Chief Financial Officer, briefly reviewed the schedule for
upcoming agenda items.
ADJOURNMENT: Meeting adjourned at 8:44 P.M.