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EVERETT CITY COUNCIL AGENDA ItEM COVER SHEET 10 <br /> PROJECT TITLE: t 1` ' , _ '� <br /> ! Briefing COUNCIL BILL F f � _� gfi <br /> An Ordinance revising the 6- ,a-1— <br /> Traffic Mitigation Ordinance, Proposed Action •Originating Department Public Works <br /> Superseding Ordinance No. Consent Contact Person Tim Miller <br /> 2425-99 and 2496-00, as Action Phone Number (425)257-8977 <br /> amended(Chapter 18.40 EMC) 6-4-14 First Reading FOR AGENDA OF • June 4,2014 <br /> 6-11-14 Second Reading <br /> 6-18-14 Third Reading <br /> • 6-18-14 Public Hearing <br /> Budget Advisory Initialed by: <br /> Department Head <br /> CAA • <br /> Council President <br /> Location Preceding Action Attachments Department(s)Approval <br /> City of Everett Ordinance No. 2425-99 Proposed Ordinance Public Works,Admin <br /> Ordinance No. 2496-00 <br /> Amount Budgeted -0- <br /> Expenditure Required -0- Account Number(s): <br /> Budget Remaining -0- <br /> Additional Required -0 • <br /> - <br /> DETAILED SUMMARY STATEMENT: • <br /> The City of Everett has not revised the Transportation Mitigation Fee regulations since the adoption of <br /> Ordinance Nos.2425-99 and 2496-00. Currently,these regulations are in need of an update including an <br /> increase in fees which are extraordinarily low when compared to benchmark municipalities. <br /> The significant increase in construction costs since the adoption of these regulations makes an increase in the <br /> impact fees necessary. By adjusting these fees,the City can ensure that a proportionate share of capital <br /> improvements will be paid for by the new development which is driving the need for said improvements. <br /> • <br /> • <br /> RECOMMENDATION(Exact action requested of Council): <br /> Adopt the proposed ordinance revising the Transportation Mitigation Fee Ordinance, Superseding Ordinance <br /> No. 2425-99 and 2496-00, as amended (Chapter 18.40 EMC). <br />