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Council adopts traffic impact fee report and a 2.3% fee increase; fund balance at $867,598
Summary
Monrovia adopted its FY 2023–24 traffic impact fee annual report, approved a 2.3% Transportation Impact Fee increase effective March 24, 2025, and heard that the fund has a beginning balance of $680,512, collections of $157,169 and a current balance of $867,598.
The City Council on Jan. 21 adopted the Transportation Impact Fee (TIF) annual report for fiscal year 2023–24 and approved a 2.3 percent fee adjustment, with the resolution to increase the fee set to take effect 60 days after the meeting (March 24, 2025).
Community Development Director Sherry Bermejo told the council the TIF ordinance was adopted in 2019 under California’s Mitigation Fee Act and is intended to fund traffic improvements south of Huntington Drive identified in…
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