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

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I I I i I I I: TRANSPORTATION /2~PACT FEES By: Steve Jankowski, City Engineer CASE Background: As new developments occur wSthln the City, an increase in traffic can be anticipated on arterial and collector streets, some of~hich arc currently at a less than desirable level of service. For example, T.PL ~47 has been identified as one such area of concern, and our recent MUSA expansion includes area which is likely to contribute traffic to this arterial In thc past, development agreements hay6 required specific improvement along major roadways to bo installed by the developer. For example, the additional turn lanes required by the State on T.I--L ~47 at Lane for acce,s into Willow Ridge will be financed by the Willow Ridge development. However, the developer aptly pointed out that these improvements would also provide benefit to the properties associat~ with thc Sunny Ponds and Rarn~ey Meadows additions which may also usc this access point onto T.I--I. g47. At a recent Council workshop, it was suggested than an impact fee be contributed into a fund which would £mance improvements over and above those required for the individual subdivision. Thc impact fee system could function s~rn~lar to thc existing sewer and water trunk funds. Staff is supportive of this concept. There would need to be some consideration and direction by Council on thc following issues: a) dae amount of the impact fcc b) ~c relative unit charge to units other than singlc'f~mily units c) thc vehicle for establishing such a charge Cp.y ordinance or merely a declaration of policy) . One of our interns is surveying other cornrnl, mitics tO ascertain their cxlx:riencc with the USC of impact fees and we will have that report ready for your review this evening. Committee Action: Morion to recommend to Council that a policy or ordinance be formulated for further consideration. Reviewed by: City Engineer City Administrator Finance Officer RB: 04/25/0.95 /jrnt