SPECIAL FUNDS
Fund 270: NORTH IRVINE TRANSPORTATION MITIGATION PROGRAM This fund was established by City Council Ordinance No. 03-20, to adopt the North Irvine Transportation Mitigation Program (NITM). The NITM Program provides funding for the coordinated and phased installation of required traffic and transportation improvements identified in the Comprehensive NITM Traffic Study in connection with land use entitlements for City Planning Areas 1, 5, 6, 8, 9, 30, 40, and 51. Developers are required to pay NITM fees for new development in these aforementioned planning areas. For FY 2019-20, $0.5 million of accumulated NITM fees are appropriated for the following new and existing projects: $0.04 million for Jeffrey and ICD Intersection Improvements design; $ .01 million for Laguna Canyon/Lake Forest Intersection Improvements. For FY 2020-21, $6.1 million of accumulated NITM fees are appropriated for the following existing project: Jeffrey and ICD Intersection Improvements construction. An additional $200,000 is appropriated in FY 2019-20 and FY 2020-21 for the preliminary and feasibility studies, environmental clearance, preliminary engineering, and cost estimate updates for citywide transportation improvements.
FY 2019-21 Proposed Budget
353
Made with FlippingBook Learn more on our blog