2014-017 - Amend Traffic Impact Mitigation Fees

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RESOLUTION 2014 -017 RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS AMENDING TRAFFIC IMPACT MITIGATION FEES AND RESCINDING RESOLUTION 1994 -55 WHEREAS, Chapter 15, Article VII of the Town of Los Gatos Town Code provides for the establishment of Traffic Impact Mitigation Fees; and WHEREAS, the purpose of these fees is to assure that each new development or expansion of use pays its fair share of the transportation improvements needed to accommodate cumulative traffic impacts associated with development as anticipated in the Town's adopted General Plan; and WHEREAS, the Traffic Impact Mitigation Fees currently in place have been unchanged since their approval by the Council on April 4, 1994 with the adoption of Resolution 1994 -55; and WHEREAS, the Town has determined the estimated cost of the transportation improvements necessary to implement the circulation element of the Town's General Plan; and WHEREAS, the Town has determined the current and anticipated funding available to pay for the cost of construction of the transportation improvements, including the amount of funding currently available in the Town's Traffic Impact Mitigation Fee Fund; and WHEREAS, Section 15.70.035 (a) of the Town Code provides for periodic review of these fees; and WHEREAS, Section 15.70.035 (a) of the Town Code also sets forth that the Town Council shall by resolution set the specific amount of traffic impact mitigation fees; and WHEREAS, on March 24, 2014, the Town Council at a duly noticed Public Hearing considered and took action on the specific amount to be charged for traffic mitigation fees which shall be incorporated in the Town of Los Gatos 2014/15 Comprehensive Fee Schedule. NOW, THEREFORE, BE IT RESOLVED, by the Town Council of the Town of Los Gatos, County of Santa Clara, State of California that the following Traffic Mitigation Fees, adopted by the Town Council on March 24, 2014, shall be payable as set forth in Chapter 15, Article VII of the Town Code: A. The fee for all uses shall be calculated at $854 per new Average Daily Trip (ADT).