Sparks City Council Meeting 1/13/2020 2:00:00 PM

    Monday, January 13, 2020 2:00 PM
    Council Chambers, Legislative Bldg, 745 4th Street, Sparks, NV

General Business: 9.7

Title: Consideration, discussion, and possible approval of a Regional Road Impact Fee Offset Agreement (AC-5642) with KM2 Development Inc. for the offset eligible improvements related to the construction of Wingfield Hills Road through Kiley Ranch North Planned Development
Petitioner/Presenter: John A. Martini, P.E., Assistant City Manager/Jon R. Ericson, P.E., PTOE, City Engineer
Recommendation: Staff is recommending approval of the Regional Road Impact Fee (RRIF) Offset Agreement with KM2 Development Inc. to issue RRIF waivers for the eligible improvements related to the construction of Wingfield Hills Road through Kiley Ranch North Planned Development.
Financial Impact: None.
Business Impact (Per NRS 237):
     A Business Impact Statement is not required because this is not a rule.
Agenda Item Brief:

Staff recommends the City Council approve a Regional Road Impact Fee (RRIF) Offset Agreement with KM2 Development Inc.  Approval of the offset agreement will allow the Regional Transportation Commission (RTC) to issue RRIF waivers in the estimated amount of $2,060,000 for the eligible roadway improvements constructed with the Wingfield Hills Road improvements, a new four (4) lane arterial roadway.  Refer to the attached vicinity map. The waivers can be used to offset cash payment of future RTC RRIF’s associated within future building permit applications with the Kiley Ranch North Planned Development.    



Background:

Under the Regional Road Impact Fee (RRIF) Program, developers who construct or dedicate offered improvements contained in the current RRIF Capital Improvements Program can be reimbursed for these contributions in RRIF Waivers.  To do this, the developer must enter into a RRIF Offset Agreement which will need to be approved by both the local agency and the RTC. 



Analysis:

The RRIF Offset Agreement specifically identifies the proposed improvements, the estimated RRIF waivers that will be earned, requirements for quality control/quality assurance and the duties and responsibilities of each party.  By approving the attached RRIF Offset Agreement it will allow the RTC to issue an estimated $2,060,000 in RRIF waivers to KM2 Development Inc. for the construction of a new 4-lane facility through Kiley Ranch North Planned Development.  The waivers can be used to offset cash payment of future RTC RRIF’s.



Alternatives:
  1. Council could approve the RRIF Offset Agreement with KM2 Development Inc. as outlined by Staff.
  2. Council could reject the proposed Offset Agreement and provide direction to the City Manager.


Recommended Motion:

I move to approve the Regional Road Impact Fee Offset Agreement (AC-5642) with KM2 Development Inc. for the offset eligible improvements related to the construction of Wingfield Hills Road through Kiley Ranch North Planned Development.



Attached Files:
     01 - Wingfield Hills Road – KM2 Development Inc. Vicinity Map.pdf
     AC-5642.pdf
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