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Lake Forest approves cooperative agreement with Irvine to settle transportation mitigation contributions
Summary
Council approved a three-part cooperative agreement with the City of Irvine to finalize fair-share contributions, close shared intersection projects and update Lake Forest's 2025–27 budget; staff reported $301,706 due to Lake Forest and $676,214 owed to Irvine under updated mitigation studies.
The Lake Forest City Council voted unanimously on Nov. 18 to approve a cooperative agreement with the City of Irvine resolving fair-share obligations tied to each city’s developer-fee transportation mitigation programs.
Tran Tran, Lake Forest’s traffic engineering manager, summarized the threefold agreement: finalize fair-share contributions between the cities, close out four shared intersection projects and update the city’s 2025–2027 budget to reflect the revenue and expenditures. "Staff is proposing a…
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