1999 MAY - Laserfiche WebLink

3.26.040 provement costs and peak hour trips as necessary. The net traffic improvements and total peak hour trips shall be deter- mined as follows: 1. Net Traffic Improvement Costs: a. The City Council shall determine the traffic improvements which are necessary to implement the circulation element of the General Plan and reduce the adverse impacts caused by the increased traffic volume generated by future growth. For purposes of determining the amount of the net traffic improvement costs, the City Council shall not include the cost of traffic improvements required directly of development pursuant to Titles 18, 19, and 20 of this Code. Such direct develop- ment requirements, improvements, and dedications in addition to or in lieu there- of, shall continue to be imposed in accor- dance with Titles 18, 19 and 20 of this Code, as appropriate, in addition to the traffic development fees imposed pursuant to this Chapter. In addition, the City Council shall take into account the simi- larly situated traffic improvements provid- ed and funded by the North Pleasanton Improvement District #3 ("NPID-3") in determining the net traffic improvements requiring funding, and the rate of the fee for properties within the NPID-3. b. The City Council shall make a rea- sonable estimate of the total costs neces- sary to construct, renovate, or provide the traffic improvements. c. The City Council shall estimate the current and anticipated funding available to satisfy the costs of constructing and implementing the traffic improvements. In determining the amount of funding avail- able, the City Council shall include fund- ing from other governmental entities to the extent the receipt by the City of such funding is reasonable, and City revenues appropriated for construction or imple- mentation or traffic improvements, if any. d. The City Council shall attribute the need for the traffic improvements between new development and existing develop- ment. e. The City Council shall determine the difference, if any, between the estimated costs of the construction and implementa- tion of the traffic improvements and the estimated funding available therefor. The extent to which the cost of such construc- tion and implementation exceeds the funds available, or expected to be avail- able, therefor shall be the "net traffic improvement costs". 2. Total Peak Hour Trips: a. The total gross square footage or dwelling unit count, as the case may be, of potential new development within each land use category as projected to occur during the period of build-out under the General Plan shall be multiplied by the peak hour rate for each land use category established pursuant to subsection 3.26.020H of this Chapter. b. The peak hour trips generated by potential new development within each land use category as determined pursuant to subsection Ala of this Section shall be added together to determine the total additional peak hour trips created by new development which the City's transporta- tion system must accommodate upon build-out under the General Plan. B. Annual Adjustment Of The Rate: The traffic development fee rate shall be subject to an annual inflation adjustment 73 (Pleasanton 5-99)