531 Transportation Impact Fees - Laserfiche WebLink

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assumption formulas and generation rates used in this Ordinance shall not be used as a basis without independent documentation. The City Manager, or his designee, shall be authorized to reject an. independent calculation not meeting the above criteria. 2. Fair Share Formula: The following Fair Share Formula may be used for those planned developments for which a traffic impact analysis has been prepared for the purposes of determining the external trips imposed by the development ' on the Major Road Network System. The Official Daily Trip Generation Rate as shown in subparagraph C3 shall be used as the basis for calculating the total external trips for the planned development. The City Manager, or his designee, shall review the traffic impact analysis and determine the "Fair Share Fee" to be paid in accordance with the following formula. Any applicant may 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: ( ( (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 of roadway (weighted average for City, County and State within the transportation impact fee zone currently calculated to be $599,862) 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) 4. 68 miles/trip for all other uses N = ratio of total cost charged to impact fee based upon other available projected revenues currently calculated to be . 83. 3 . Fee Schedule: The following fees have been calculated using the formulas presented above. 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 trip generation for more common land uses have been converted to a dollar amount and based on dwelling unit, building square footage, bed, parking space or room depending on the particular land use. 0. R. 1959 PG 1687