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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?.

joshua-cantrell
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MULTI-MODAL TRANSPORTATION MITIGATION PROGRAM (MMTM)

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  1. MULTI-MODAL TRANSPORTATION MITIGATION PROGRAM (MMTM)

  2. 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?

  3. 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

  4. WHERE DOES IT APPLY?

  5. 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

  6. 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

  7. 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

  8. 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

  9. WHERE DOES IT GET SPENT?

  10. WHAT DOES IT GET SPENT ON? Consistent with Capital Improvements Element

  11. 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 • Based on residential dwelling per 1,000 sq ft

  12. STAFF RECOMMENDATION Adopt Ordinance 11-XX Multi-Modal Transportation Mitigation Program

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