CITY of ALBUQUERQUE
TWENTY FIFTH COUNCIL
COUNCIL BILL NO. R-23-157 ENACTMENT NO. __________________
SPONSORED BY: Brook Bassan
RESOLUTION
title
Amending The City Of Albuquerque Component Capital Implementation Program To Amend The Project Value For The Ventura Street And Holly Avenue Traffic Circle Project (Bassan)
body
AMENDING THE CITY OF ALBUQUERQUE COMPONENT CAPITAL IMPLEMENTATION PROGRAM TO AMEND THE PROJECT VALUE FOR THE VENTURA STREET AND HOLLY AVENUE TRAFFIC CIRCLE PROJECT.
WHEREAS, the City Council adopted §14-19 ROA 1994, the Impact Fee Ordinance with the following findings:
1. That the City is committed to funding the provision of capital facilities necessary to cure any deficiencies that may exist in already developed areas of the City,
2. An impact fee study commissioned by the City Council to develop land use assumptions and guide the establishment of impact fees determined that new development will continue and will place increasing demands on the City to provide additional capital improvements, and
3. That impact fees provide a reasonable method of assessing a new development for a portion of the costs for new capital facilities and improvements to existing facilities that in accordance with applicable law are rationally related to the new development; and
WHEREAS, §14-19-19 ROA 1994, establishes one road impact fee service area, encompassing all of the land within the City limits with the exclusion of the area within Mesa Del Sol; and
WHEREAS, §14-19-13 ROA 1994 adopts recommendations and the impact fee schedule established through the September 13th 2012 Impact Fee Study that:
1. Restricts road impact fees to cover only the cost of capacity expansions to City-maintained arterial streets,
2. Establishes a consumption-based impact fee system where roadway impact fees are founded on an average cost for providing new roadway capacity and improving existing facilities, and
3. Derives the impact fee schedule for roadways that are eligible to receive impact fees using an average cost model; a model type that can be amended without affecting the basis for the impact fee calculation; and
WHEREAS, §14-19-7 (B) ROA 1994, adopts land use assumptions presented in the September 13th 2012 Impact Fee Study that are;
1. Applicable throughout the full impact fee service area,
2. Consistent with the principles set forth in §14-13-2-3 ROA 1994 “The Planned Growth Strategy”,
3. Derived from calculations created from data bases developed by the Mid Region Council of Governments that report trends within the City of Albuquerque for population and employment growth, and estimates for building square footage for single family and multi-family housing and non-residential structures; and
WHEREAS, the State of New Mexico “Development Fees Act” limits the assignment of impact fees to capital improvements or facility expansions identified in a capital improvements plan. The City to comply with the Development Impact Fees Act has adopted the Component Capital Improvements Plan (CCIP) for impact fees as part of the Capital Implementation Program-Decade Plan; and
WHEREAS, the Albuquerque City Council through Resolution 21-137 included the Intersection of Ventura Street and Holly Avenue in the Component Capital Program to include a traffic circle project that improved vehicle level of service capacity at an existing facility; and
WHEREAS, as required by State Law the value of the project was included in the submittal to the Component Capital Program. The cost of the project, $727,655.33 was an engineer’s estimate before construction commenced. The improvements to the intersection are nearing completion and due to price inflation, the actual project cost of $1,261,481.53, as shown in attachment 1 to this resolution, exceeds the listed value of the project; requiring updating the component capital plan.
BE IT RESOLVED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:
Section 1. Attachment 1 to this Resolution provides the final engineering and construction budget for the Holly Avenue and Ventura Street Component Capital Plan Project.
Section 2. The following updated project cost is included on the list of Roadway Facilities Projects in the Component Capital Implementation Plan.
Project Description
Ventura Street at Holly Avenue Traffic Circle
Cost Estimate
$1,262,000
Section 3. The City Council adopts Attachment 1 to this Resolution as the updated Component Capital Improvements Plan (CCIP) for the period 2012-2023.
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