707-99 Transportation Impact Fees

Browse Search

OR 131"- 0 0PG 1 420 7 of 11 -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 adiscrepancy 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 I1'E 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 (i.g., convenience store, and service stations), the higher of the two (2) or more rates will be applied. • D' "The amount of the "Fair Share Fee" shall bereviewed'by City Council during the preparation of each''fiscal'year's budget.. The review shall consider trip generation`rates, trip lengths arid actual'construction costs fof work contracted for-bythe'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. SECTION VI. Time of Payment/special Assessment Lien: A. The "Fair Share Fee" shall be due and paid based on the following schedule: 1. Twenty-five Percent (25%) shall be paid upon issuance of any building or development permits for any new or additional land development activity generating traffic except single family and duplex dwellings. 2. Seventy-five Percent (75%) shall. be paid prior to the issuance of • Certificate of Occupancy for the structure. The fee.for any single family or duplex dwelling is due prior to issuance of a Certificate of Occupancy for the dwelling.