ORD 1765 - Laserfiche WebLink

Ordinance No. 1765 Page 6 improvements between new and existing development based upon historic, current, and projected demands. E. Based upon anticipated traffic volumes at build out, needed improvements are then catalogued. The costs are then estimated for each traffic improvement. That cost is then allocated between existing and new development, depending upon whether new or existing vehicle trips generate the need for the project. The City Council finds that such a calculation is reasonably based upon the projected numbers of peak hour trips of residents for each new residential unit, and employees for different types of commercial, office, and industrial uses derived from current traffic generation data, as well as current construction costs. F. While the City is committed and will continue to pursue all available sources of funds to construct the traffic improvements, it acknowledges that based upon the reasonable cost estimates, sufficient funding is not available absent the Traffic Development Fee to support the demand for traffic improvements generated by new development. 8. The traffic improvements which will be constructed with funds generated by the Traffic Development Fee will significantly benefit the contributor by substantially mitigating adverse impacts, such as: traffic congestion on streets and intersections, air pollution, and noise. The inability or failure to reduce these adverse impacts caused by insufficient traffic improvements will negatively impact all residents, businesses, and employees in the City. 9. The City Council further finds that the Traffic Development Fee to be charged pursuant to this ordinance does not exceed the estimated reasonable costs of acquiring and constructing the traffic improvements cataloged in the Report. The City Council additionally finds that the method of allocation adopted by this ordinance which is based upon peak hour trips for categories of land uses assures that the applicable fee bears a fair and reasonable relationship to each such development's burden on, and benefit from, the proposed traffic improvements to be funded by this ordinance.