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recommended a reduced, phased fee increase. The development fees that are collected, while not sufficient to fund all identified regional projects, may be used as a local match when pursuing other state and federal funding sources. In addition to the reduced overall collection target, the TVTC recommendation authorizes a fee increase to 25% of the maximum allowable rate starting in July 2015, increasing to 35% of the maximum allowable rate in July 2016. The cap for retail use would be 15% of the maximum allowable rate. This cap supports and promotes the retail development, which has less of a regional roadway impact than the other development types used in the fee. These rates produce a fee increase ranging from 44% for industrial development to 111% for retail. While these fee increases are sizable compared to today's fee, they are only a portion of what is needed to fully fund the TVTC projects and substantially less than what is supported by the nexus study. Attachment 2 fully outlines the proposed new fee structure. The TVTC Technical Advisory Committee worked directly with the development community on this effort, starting with a kick-off public outreach meeting directly advertised to over 200 developers. The development community was initially concerned about a fee increase and the timing of fee imposition. In response to feedback, and through continuous dialog and additional meetings with the development community, the TVTC approved a fee structure and schedule endorsed by the development community on June 19, 2014. The TVTC Fee was first approved by resolution in 1998. The attached resolution supersedes the original resolution. There were multiple minor modifications needed in all sections of the 1998 resolution to reflect changes in the TVTC operation and the projects. Creating an entirely new resolution that uses most of the original language was a cleaner way to present the TVTD Fee. The original resolution is included as Attachment 4. Submitted by: Fisca eview: Approve by: Steve Kirk atrick, Tina Olson Nelson Fialho Acting Director of Director of Finance City Manager Community Development Attachment 1 — List A and List B projects Attachment 2 — New Fee Structure Attachment 3 — 2015 TVTD Fee Resolution Attachment 4 — Resolution 98-90 Page 3 of 3