RES 97138 - Laserfiche WebLink

Resolution No. 97-138 Page Three 5. That the TVTDF will pay for a portion of some or all of the previously-listed projects, on the basis of the following Fee Schedule: Land Use Category_ TVTDF Fee Rate Single-Family Residential $1,500/Dwelling Unit Multi-Family Residential $1,050/Dwelling Unit Office $1.00/Sq. Ft. Retail $1.00/Sq. Ft. Industrial/Warehouse $0.75/S q. Ft. *Other Uses/Alternative Rate $1,500/AM/PM Average Peak Hour Trip *(TVTDF's for other uses not listed shall be based upon the average AM/PM peak hour trip generation, as estimated by the most recent edition of the ITE Trip Generation Manual. Technical procedures for the calculation of TVTDF's will be adopted by the TVTC.) 6. The TVTDF Program will be reviewed biennially, and adjusted as necessary to reflect changes in project list, project cost, program revenue and other factors. The criteria established in item 3 above shall be considered in the biennial update, as appropriate. Examples of "other factors" include amendments to state or regional gasoline taxes, reauthorization of County Sales Tax transportation programs, identification of supplemental funding sources for Strategic Expenditure Plan projects, etc. Fee increases beyond inflationary and construction costs adjustments shall be approved unanimously by all participating member jurisdictions. 7. Each jurisdiction may retain 20 percent of the TVTDF revenues collected within its jurisdiction for expenditure on projects included under Section 1. 8. That each TVTC jurisdiction shall levy the TVTDF on all Tri-Valley development not legally precluded from paying the fee. 9. That each TVTC jurisdiction shall levy the TVTDF on all Tri-Valley development with current development agreements/enti~ements which include language requiting that a regional transportation fee be paid when enacted.