Loading...
1994-055-Amending Traffic Impact Mitigation Fees And Rescinding Resolutions 1990-144 And 1993-134RESOLUTION 1994 -55 RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS AMENDING TRAFFIC IMPACT MITIGATION FEES AND RESCINDING RESOLUTIONS 1990 -144 AND 1993 -134 RESOLVED, the Town Council hereby establishes a traffic impact fee payable pursuant to Chapter 37 of the Town Code as follows: A. The fee for residential uses shall be calculated at $600 per Average Daily Trip (ADT). B. The fee for medical office use shall be calculated at $600 per ADT for the first ten (10) trips and $120 per ADT thereafter. C. The fee for all other uses shall be calculated at $600 per ADT for the first ten (10) trips and $60 per ADT thereafter. D. The Town Council may exempt housing developments for very low, low and moderate income residents (as defined by Town Ordinance, General Plan, or statute) from all or a portion of the traffic impact mitigation fee upon making a finding that the development provides a significant community benefit by meeting current needs for affordable housing. The exempted fees will be made up from other sources of revenue. Traffic mitigation fees paid by other developers will not be used to subsidize the exempted projects. Each year the Town will identify how much money is to be allocated in the Capital Improvement Program for traffic improvement projects. Additional revenue sources will be identified to cover exempted fees. SM06 \RES0S \TRAFFIC.RES E. Traffic credit may be granted for an existing or former use. When applicable, existing or former use traffic (ADT) shall be subtracted from the project traffic prior to calculating the fee. The first ten trips of the difference will be charged at the higher $600 per trip rate. F. ADT is defined as the number of average daily trips associated with an identified land use as determined or derived from the most recent edition of Trip Generation by the Institute of Transportation Engineers or a Town sponsored traffic study - whichever is less. The Town approved traffic study will be paid for by the applicant. FURTHER RESOLVED, this Resolution rescinds Resolution No. 1990 -144 and Resolution No. 1993 -134. PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos, California, held on the 4th day of April, 1994, by the following vote. TOWN COUNCIL MEMBERS: AYES: Joanne Benjamin, Steven Blanton, Linda Lubeck, Patrick O'Laughlin, and Mayor Randy Attaway. NAYS: None ABSENT: None ABSTAIN: None SIGNED: gkgtO S GATOS ATTEST:j 1C d/L CLERK OF THE TOWN OF OS GATOS LOS GATOS, CALIFORNIA SM06\ RESOS\TRAFFI C. RES L r�