Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
WRCOG adopts automatic annual fee escalator for TUMF, capped at 5%
Summary
The Executive Committee voted unanimously to implement an automatic Cost Construction Index (CCI) adjustment for the Transportation Uniform Mitigation Fee (TUMF), starting with a calculated first-year increase of about 2.6%, with an annual cap of 5% and provisions to trigger a nexus study if larger shifts occur.
The Western Riverside Council of Governments Executive Committee voted unanimously to adopt an automatic Cost Construction Index (CCI) adjustment for the Transportation Uniform Mitigation Fee (TUMF).
Chris, WRCOG's TUMF lead, presented the item and explained the proposed method: take half of the Engineering News-Record construction-cost index and half of the National Association of Realtors indicator for right-of-way costs to calculate an annual adjustment. The proposed approach removes…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
