ORD 1765 - Laserfiche WebLink

Ordinance No. 1765 Page 5 the Traffic Development Fee Report, General Plan, and Capital Improvement Program, the need for which has been partially generated by new development. 6. It is the intent of the City Council to adopt a fair and equitable method of securing some of the necessary revenues to fund the acquisition of property and construction of the necessary traffic improvements. 7. With regard to the methodology for levying the Traffic Development Fee, the City Council further finds that: A. The traffic improvements necessary to serve existing and new residences, businesses and their employees at build out have been cataloged in the Traffic Development Fee Report ("Report"), dated September 1998, attached to the Staff Report dated October 20, 1998. The City Council finds the list of traffic improvements to be reasonably necessary to meet the future demands generated by new vehicle trips at build-out based upon current and projected use pattems and demands compiled as part of the City's baseline traffic studies and other computer models. B. The estimated costs for the traffic improvements have been based upon current construction costs for similar improvements for which the City has recently received construction bids, Cal Trans estimated costs, or construction costs calculated based upon similar improvements in other jurisdictions. The City Council finds that these methods for estimating the costs of construction are reasonably based upon current construction costs. C. The Land Use Element of the Pleasanton General Plan specifies the permitted uses of land within the City and places limits on the intensity and density of such uses. The City Council has reviewed the relationship between land uses and densities permitted under the General Plan and the rate and amount of actual development of property within the City. The City Council has identified trends in growth and development which enable the Council to project, with accuracy, the magnitude and extent of future development based upon the City's General Plan at projected build-out. D. The City Council has also examined the extent to which different land uses generate different numbers of peak hour trips, and subsequently demands for traffic improvements. The City Council has assumed that new development will contribute traffic at substantially the same rate per unit or square foot as similar types of existing development. The City Council finds that the peak hour trips are a reasonable estimation of actual demands for traffic