Agenda - Council - 04/09/1996 - Laserfiche WebLink

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I I I :1 ! I I I I I I I I I I I I I 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 tile cost of the transportation impacts caused by the development. The purpose of this report is to j.~sfify 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 fa'st identifying the costs associated with the development, and secondly identifying the :ax4aount of development associated with the impact. Once both of these quantifies are established, the resultant ratio, or impact fee rate, is defined. Determination of Develonment Costs It is anticipated flaat the following costs associated with elements of the City's trunk uansportation system will be caused by future development. a) The City's COllator 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 sa'eets and bring existing streets up to idesired standards. This amount represents only the City's MSA roads and does not include iinprovements on county and state roadways in this developing area. $6,960,000 b) The costs of~,ht-of-wav for non-existent collector roadwav south of 153/155. Currently 9.74 miles of ro~ay right-bf-way need to be acquired for nrin-existent, planned collector roads south of 153~d/155th Avenue. The right-of-way is valued at $10,000 per acre. $ 945,000 c) The signaliz4ti0n of 14 intersections on city, state and county roads. All of these intersections are south of 153rd/155th Avenue with the exception of T.H. #47 and 167th Avenue. Only the City's sharerof the signalization cost has been included. City, County and State share in signalization:costs based upon the number of intersection legs. The cost of each signalization was estimat~ to be $150,000. $1,173,500 d) The on-road~tmil sy~[¢m south of 153rd/155¢ Avenue. This is the cost of providing safe pedestrian argl bicycle travel along major arterial and collector roadways. A total of 28 miles of on-road trail ~e identified on the City's most recent Park and Trail Plan. A total of 27 miles need to be COnstructed at an estimated cost of $15 per foot. $2,138,400 e) The cost of T,,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. #47, it is apparent that shrinking state transportation dollars will require City participation ff 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. g47 Corridor Study draft. The remaining 75%