18.15.050 Rate of Fee.
A. The rate of the traffic impact fee shall be calculated in accordance with the procedure set forth in this section and shall be established by resolution of the City Council as that resolution may be amended from time to time pursuant to subsection (E) of this section enacted after a properly noticed public hearing and shall be effective no sooner than sixty (60) days after the resolution is adopted.
B. The City Council shall determine by resolution the transportation system improvement costs as follows:
1. The City Council shall adopt the programmed transportation system improvements that are necessary to implement the Transportation Element and reduce the adverse impacts caused by the increased traffic volume generated by development.
2. The City Council shall make a reasonable estimate of the total costs necessary to construct or provide the programmed transportation system improvements.
3. The City Council shall estimate the current and anticipated funding available to satisfy the costs of constructing and implementing the programmed transportation system improvements. In determining the amount of available funding, the City Council shall include funding from other governmental entities to the extent the receipt by the City of such funding is reasonably probable, and City revenues appropriated for construction or implementation of transportation improvements, if any.
C. The City Council shall determine the total number of peak hour trips which will be generated by the development projects as allowed under the policies of the General Plan and the Downtown Specific Plan.
D. The City Council shall determine the rate of the traffic impact fee by dividing the costs of the programmed transportation system improvements by the number of peak hour trips which will be generated by the development projects as allowed under the General Plan and the Downtown Specific Plan.
E. Once every twelve (12) months, or more frequently if it deems it necessary, the City Council shall review the development assumptions, the peak hour trip generation, the transportation system improvements costs and the cost per trip and, if necessary, amend the resolutions adopted pursuant to this chapter to ensure that the traffic impact fee remains a fair and equitable method for the distribution of costs of constructing or providing the transportation improvements necessary to accommodate traffic volumes generated by development. (Ord. 1030 § 2(12), 2018; Ord. 840 § 1 (part), 1992)