The Livable Communities Trust (Fund) is a Special Revenue Mitigation Fund established by the Board of Supervisors on November 15, 2005, following the approval of the Camino Tassajara Combined General Plan Amendment Project, also known as the Alamo Creek and Intervening Property residential projects. Pursuant to the conditions of approval for these projects, the residential developers pay an $8,000 per unit fee (excluding affordable housing portions of the projects) to the County to implement the County's Smart Growth Action Plan. The Fund was established to serve as a repository for these fees. The Department of Conservation and Development administers the Fund. On December 3, 2013, the Board of Supervisors determined that revenue from the Fund should be spent equally among the supervisorial districts.
At complete build-out, fee deposits to the Fund will total $8,448,000. As of May 20, 2019, the account has collected $8,120,000 in fees and $672,526.63 in accrued interest with $6,017,377.63 remaining in uncommitted funds. The approved expenditures to date are show in Attachment A.
The Innovation Tri Valley 2040 Vision Plan is a planning process to ensure the creation of the optimum future and infrastructure of the Tri Valley region. In conjunction with the Bay Area Council (BACEI), who propose to inform, convene, and moderate a series of workshops that will act as inputs for the region, Innovation Tri Valley Leadership Group will work with BACEI to facilitate a comprehensive and collective vision plan for the Tri Valley in 2040 to share with elected officials, city planners, national laboratory representatives, and key business stakeholders. Topics of focus to be addressed include Transportation Systems, Housing, Land Use, Transit-Oriented Housing, Workforce Development, and Innovation Eco-System. The plan supports goal three of the Smart Growth Action Plan to promote innovative land use planning and design principles that encourage mixed use and infill development.
The next step will be for the Department of Conservation and Development to work with Innovation Tri Valley Leadership Group to draft a professional services contract for execution by Innovation Tri Valley Leadership Group and the County Purchasing Agent.
The Innovation Tri Valley 2040 Vision Plan would not receive the subject funds, and ability to publish the report would be compromised.