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