Agenda - Council - 03/12/1996 - Laserfiche WebLink

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I CALCULATION OF THE TRANSPORTATION IMPACT FEE AMOUNT The concept of a transportation impact fee is that the revenue generated from this fee bear a close relationship to the cost of the u'ansportafion impacts caused by the development. The purpose of this report is to justify an equitable fee to be charged to new developments which will be adequate to generate sufficient revenues to address the impacts caused by that development. I have attempted to do this by fn'st identifying the costs associated with the development, and secondly identifying the amount of development associated with the impact. Once both of these quantifies are established, the resultant ratio, or impact fee rate, is defined. Determination of Development Costs It is anticipated that the following costs associated with elements of the City's mink transportation system will be caused by future development. a) b) c) .The Ci _ty's collector street ,system south of 153rd/155th Avenue. This cost is derived from the MSA needs reports which are utilized to determine the City's annual MSA allotment based on system needs. It represents the estimate of the total cost including engineering and overhead, but exclusive of right-of-way cost to construct non-existing collector streets and bring existing streets up to desired standards. This amount represents only the City's MSA roads and does not include improvements on county and state roadways in this developing area. $6,960,000 The costs of right-of-way for non-existent collector roadway south of 153/155. Currently 9.74 miles of roadway right-of-way need to be acquired for non-existent, planned collector roads south of 153rd/155th Avenue. The right-of-way is valued at $10,000 per acre. $ 945,000 The signalization of 14 intersections on tits,, state and county roads. All of these intersections are south of 153rd/t55th Avenue with the exception of T.H. g47 and 167th Avenue. Only the City's share of the sign~llzation cost has been included. Qity, County and State share in signalization costs based upon the number of intersection legs. The cost of each signalization was estimated to be $150,000. $1,173,500 d) The on-mad trail system south of 153rd/155th Avenue. This is the cost of providing safe pedestrian and bicycle travel along major arterial and collector roadways. A total of 28 miles of on-mad trail are identified on the City's most recent Park and Trail Plan. A total of 27 miles need to be conslx'ucted at an estimated cost of $15 per foot. ,~..~"~ $2,138,400 e) _The cost o~.H. g47 improvements. While problems currently exist along T.H. #47, a major traffic corridor in the city, these problems will increase with traffic growth. Although the State has the primary responsibility for the upgrading of T.H. g47, it is apparent that shrinldng state transportation dollars will require City participation if improvements are to keep pace with the rapid traffic increases which are currently being experienced. The costs below represent 25% of the following elements identified in the T.H. #47 Corridor Study draft. The remaining 75%