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Council adopts 5‑year review of Lake Forest transportation mitigation program; $2.52 million funding gap noted
Summary
City Council approved the 2024 five‑year review of the Lake Forest Transportation Mitigation Program, accepted lower‑cost alternative improvements at several intersections and removed one project; staff reported a remaining unpaid program cost of $2,520,000.
The Lake Forest City Council on June 17 approved the 2024 five‑year review of the Lake Forest Transportation Mitigation Program and an updated fee schedule intended to fund intersection improvements tied to new development.
Tran Tran, the city’s transportation manager, told the council the LIFTEM program (established in 2008) has completed seven projects, has four currently under construction, one project in design led by Irvine, and three projects in planning. Staff reported the total program improvement cost is $14,670,000; the city has collected $12,150,000, leaving $2,520,000 in remaining unpaid costs to be allocated among remaining housing units.
Tran…
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