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I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />CASE # <br /> <br />INTRODUCTION OF ORDINANCE AMENDING SUBDIVISION ORDINANCE TO <br />REQUIRE IMPACT FEES FOR ARTERIAL STREETS <br /> By: Jessie Hart, Finance Officer and Bill Goodrich, City Attorney <br /> <br />Background: <br /> <br />On May 23, 1995, ~he Road and Bridge Committee presented a recommendation to implement a <br />transportation impact fee for developers. The City Council approved the recommendation. This <br />fee would be utiliCed to offset costs for arterial street improvements including accesses and <br />signalization where, necessary that were caused by new development. While the fee structure <br />was adopted at tha~meeting, there was not an ordinance in place that would allow such a fee. <br /> <br />City Attorney Bil! Goodrich will present for introduction and first reading an Ordinance <br />Amending SubdiviSion Ordinance to Require Impact Fees for Arterial Streets. He will discuss <br />the issues related t6 a fee of this kind. As an aside, the rates adopted for this fee are as follows: <br /> <br />New Resida~ntial Development $500.00 per residential unit <br />Commercial/Industrial $1.50 per square foot of building <br />(the charge ~or commercial/industrial would not be applicable to TIF assisted projects) <br /> <br />Staff Recommendation: <br /> <br />Staff recommends iadoption of the Ordinance <br />Impact Fees for Arterial Streets. <br /> <br />Amending Subdivision Ordinance to Require <br /> <br />Council Action: <br /> <br />Motion to introduc~ the Ordinance Amending Subdivision Ordinance to Require Impact Fees for <br />Arterial Streets. <br /> <br />Reviewed by: <br /> <br />City Administrator; <br />Finance Officer ~ <br />Zoning Administrator <br />City Engineer ~ <br /> <br />CC: 11/14/95 <br /> <br /> <br />