856-03 Amend Transportation Impact Fee Ordinance

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OR BK 5606 PG 314 7 of 13 challenge the City Manager's determination of the fee by filing a petition with the City Council to determine the appropriate "Fair Share Fee" within thirty (30) days of the determination by the City Manager, or his designee. The formula used to determine the traffic impact fee is as follows: (((TGR/2)/CAP)X (COSTCON X TL))X N where: TGR =Trip Generation Rate 2 =the allocation of half the impact to the origin and half to the destination CAP =average capacity of one lane of roadway(6872 vehicles/lane/day) COSTCON =average cost to construct one lane-mile ofroadway(weighted average for City, County and State within the transportation impact fee zone currently calculated to be$581,002.00) TL =Trip Length: 4.73 miles/trip for all residential development 2.25 miles/trip for the following commercial: Sit-down restaurants Banks/Savings and Loan/Financial Institutions Convenience Market Shopping Centers less than 50,000 GSFLA 0.9 mile-trip for the following commercial: Service Station Drive-thru and Fast-food Restaurants Shopping Centers more than 50,000 GSFLA Trip length(miles/trip) is determined by the following formula: (GSFLA *0.000045) N =ratio of total costs charged to impact fee based upon other available projected revenues currently calculated to be .83. The fee shall be paid pursuant to Section VI below. Disputed fees may be contested and placed in escrow with rebates provided in cases where an engineered traffic study/analysis results in a discrepancy with the formulated rate quoted to the developer. 3. Fee Schedule: Fees charged pursuant to this Ordinance shall be calculated using the formulas presented above, and shall be established by separate resolution of City Council. Unless other independent studies are available, trip generation rates will be based on the most recent ITE Trip Generation Information Report. For the convenience of the public the fees which are based on the trip generation for more common land uses shall be converted into a dollar amount and based on dwelling unit, building square footage, bed, parking space or room depending on the particular land use. In the event that two (2) or more categories are combined (e.g., convenience store, and service stations), the higher of the two(2) or more rates will be applied. E. The amount of the"Fair Share Fee"shall be reviewed by City Council during the preparation of each fiscal year's budget. The review shall consider trip generation rates, trip lengths and actual construction costs for work contracted for by the City, County or the Florida Department of Transportation within Pasco County transportation impact fee zone 6 during the preceding five fiscal years. The purpose of this review is to analyze the effects of inflation on the • actual costs of roadway construction and right-of-way acquisition, and to insure the fee charged new land development activity generating traffic will not exceed their pro rata share for the reasonably anticipated expansion costs of road improvements necessary solely by their presence.