Title
Approval of Ordinance Amending Transportation Impact Fees
Recommended Action
Committee Recommendation:
Staff briefed the Finance Committee on October 12, 2016 and the Land Use and Environment Committee on October 20, 2016. These were briefings only and no action was requested.
City Manager Recommendation:
Move to approve on second reading the ordinance amending Transportation Impact Fees.
Report
Issue:
Whether to adopt an ordinance amending Transportation Impact Fees to include updates from the Transportation Impact Fee Rate Study and reflect a 2.97 percent increase.
Staff Contact:
Randy Wesselman, Transportation Engineering and Planning Manager, Public Works Transportation, 360.753.8477
Presenter(s):
None - Consent Item.
Background and Analysis:
Background and analysis have not changed from first to second reading.
The City charges developers a Transportation Impact Fee to offset the impact of new development. Transportation Impact Fees fund future transportation capital improvement projects. The cost is calculated based on the type of land use and the projected number of afternoon, peak-hour vehicle trips generated by the development.
Staff on an annual basis adjusts project costs to remain current with the cost of labor, construction materials, and real property. Approximately every 3-5 years updates are made to the Transportation Impact Fee Rate Study (Rate Study). This year staff, working with the consulting firm of Fehr and Peers, updated the Rate Study. The last update was in 2009. Updates to the Rate Study Include:
1. Deleting projects completed;
2. Revising project scopes and cost estimates to reflect the Draft 2017-2022 Capital Facilities Plan;
3. Adding new projects reflected in the Draft 2017-2022 Capital Facilities Plan;
4. Reducing the number of afternoon peak hour trips from 10,458 to 6,241 based on Thurston Regional Planning Council's population and employment forecasts and the Regional Transportation Model;
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