Ordinance 3387-14 - Laserfiche WebLink

system improvements. This section does not duplicate, replace, or substitute for any local transportation improvements for which an applicant is responsible. 10.2 Fair share cost of additional improvements. Based on the actual traffic projected to be generated by a project onto the transportation system and the consequent need to make system improvements to maintain acceptable levels of service and address the impacts resulting from the project, the project's fair share cost to the City for the any transportation system improvements— in addition to the applicant's fair share of planned system improvements — shall be determined by the following (inclusion of county, state, and/or other city facilities shall be required when the City Traffic Engineer deems it appropriate): 1. Where the need for transportation system improvements to mitigate a project's impacts would not be required at the horizon year if the development were not required at the horizon year if the development were not constructed, the cost for the system improvements will be entirely borne by the project. 2. Where the need to provide transportation system improvements to mitigate a project's impacts by the horizon year would be required regardless of the proposed project, but the project will increase the traffic and add to the need for improvements now or in the future, and: a. The current level of Service is "D" of better, the traffic impacts of the project will be considered mitigated by a contribution of a share of the costs for the improvements based on the project's percentage of the total peak hour traffic trips at the horizon year on the facility to be improved less existing peak hour traffic volume; or b. The current level of Service is "E" or "F," the traffic impacts of the project will be considered mitigated by a contribution of a share of the costs for the improvements based on the project's percentage of the total peak hour traffic trips at the horizon year on the facility to be improved. 10.3 Generally, an applicant should expect to pay the fair share fee in accordance with the formula in this section along with any local improvements that may be needed. Further explanation on whether improvements or fees in fact address all or part of a project's local and systemwide impacts can be found in sections 8.7, 9.1, 9.2, 12, and associated definitions in section 18 of this chapter. 10.4 Traffic Mitigation Fee. The current Traffic Mitigation Fee rate shall be calculated as follows and published in the City of Everett's Standards and Specifications Manual section on Traffic Impact Analysis. The initial traffic mitigation fee at the implementation of this ordinance shall be $2,400 per PM Peak Hour trip. This rate shall be adjusted annually to account for inflation based on the official Washington State Department of Transportation (WSDOT) Construction Cost Index (CCI), using the year of implementation of this ordinance as the base year. Subsequent to the adoption of any updates to Transportation Element of the City of Everett's Comprehensive Plan a study may be undertaken to reevaluate the City of Everett's traffic -9-