MULTI-MODAL TRANSPORTATION MITIGATION PROGRAM (MMTM)

MULTI-MODAL TRANSPORTATION

MITIGATION PROGRAM (MMTM)

MULTI-MODAL TRANSPORTATION

MITIGATION PROGRAM (MMTM)

What is it?

Where does it apply?

Who pays it?

When is it assessed?

When does it get paid?

Where does it get spent?

What does it get spent on?

WHAT IT IS?

• Last required component of Mobility Plan to be adopted

• Streamlined alternative to traditional concurrency

• One time payment to mitigate impact • Eliminate transportation concurrency uncertainly

• Fair and equitable for all new development

• Dramatic reduction in proportionate share

WHERE DOES IT APPLY?

WHO PAYS IT?• New development without CLSC

• Approved development whose CLSC expires

• CLSC = Concurrency level of service compliance Approved development with a valid CLSC will continue to pay the existing transportation impact fee

APPROVED DEVELOPMENT

• Extending CLSC & Phases for 2 Years – transportation only

• Vesting for concurrency and impact fees for following:

• Projects with 25% of infrastructure built by July 31st, 2011 Vested from concurrency Vested to pay current impact fee

• Projects with 50% of infrastructure built by CLSC expiration Vested from concurrency Vested to pay impact fee

WHEN IS IT ASSESSED?

• Determined during final development plan review • Rate locked in with final development plan approval

• Valid as long as final development plans valid • Verified at Building Permit

• Paid prior to final inspection

PRE-PAYMENT INCENTIVE

• Pay at final development plan 15% Reduction

• Pay at building permit application 7.5% Reduction

• Pay prior to final inspection No Reduction

WHERE DOES IT GET SPENT?

WHAT DOES IT GET SPENT ON?

Consistent with Capital Improvements Element

PHASING SCHEDULE

Phasing based on current reduced impact fee

Phased in over a 3 year period

April 15th is the date that the phasing will occur

YEAR Single Use

TND TOD

2011 $2,433 $2,212 $1,704

2012 $2,793 $2,352 $1,777

2013 $3,164 $2,494 $1,851

Based on residential dwelling per 1,000 sq ft

STAFF RECOMMENDATION

Adopt Ordinance 11-XXMulti-Modal Transportation

Mitigation Program