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Monrovia council approves traffic impact fee increase; fund holds $867,598 after Station Square South payments
Summary
Council adopted staff’s annual traffic impact fee report and a 2.3% fee adjustment; the traffic impact fee fund began FY 2023–24 with $680,512, collected $157,169 during the year and had a year‑end balance of $867,598, with planned signal projects expected to draw funds in the next fiscal year.
The Monrovia City Council voted to approve the annual traffic impact fee (TIF) report for fiscal year 2023–24 and a proposed fee adjustment resolution that increases the fee by 2.3%, councilmembers were told.
Community Development Director Sherry Bermejo reviewed the background: the city adopted a transportation impact fee ordinance in 2019 under the state’s Mitigation Fee Act, and fees are earmarked for traffic improvements listed in the nexus study. Bermejo said…
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