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Committee approves Mobility Investment Trust Fund and updates LADOT development‑review fees
Summary
The committee approved ordinances to consolidate several LADOT trust funds into a Mobility Investment Trust Fund and update LADOT development review fees to recover current review costs and incorporate new Transportation Demand Management (TDM) services; the TDM ordinance itself remains under City Attorney review.
At the Los Angeles City Council Budget and Finance Committee meeting, Los Angeles Department of Transportation staff described two ordinances: one to establish a Mobility Investment Trust Fund consolidating several modal trust funds, and another to update LADOT development review fees. The committee approved both ordinances and sent the measures on for full council consideration.
Rubina Lazarian of LADOT's Planning and Policy Division said the fee update reflects staff time and new services since the last fee update in 2014, including reviews tied to the forthcoming Transportation Demand Management (TDM) ordinance. "Developers choose to pay into the Mobility Investment Trust Fund, so these voluntary contributions would not be subject to the California Mitigation Fee Act…
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