4412 RIVERFRONT BLVD 2018-02-21 - Laserfiche WebLink

Kirk Brooks From: Michael Brick Sent: Friday,April 29, 2016 12:29 PM To: Kirk Brooks Subject: Polygon Riverfront (Eclipse and Simpson Sites) Traffic Mitigation Fees Kirk, I located the Traffic Impact Analysis by Transportation Engineering NorthWest for this project dated 6/16/2014. Based on their study I have figured out the per-unit and proportionate share fees for these projects. Here is a breakdown to the traffic mitigation fees due for the Polygon Riverfront projects: Date of Eclipse Site 7-ow 'IS Simpson Site Q `c,� ook Payment Per-Unit System Wide Proportionate Share Per-Unit System Wide Fee Proportionate Share Fee of Off-site of Off-site Improvements Improvements Before $351 per Unit $4,875 due with final $854 per Unit $14,300 due with final 6/2/2017 "per unit"fee "per unit"fee payment payment On or after (0.39 trips x fee per trip $4,875 due with final (0.95 trips x fee per trip in $14,300 due with final 6/2/2017 in effect at payment) per "per unit"fee effect at payment) per per unit"fee payment Unit payment Unit The proportionate share payment for signal improvements should be collected when the traffic mitigation fee for the last unit in each development are paid. These fees are not tied to inflation and will not change if they are paid after June 2,2017 when the per-unit fee increases. If you have any further questions please let me know, Michael Brick, P.E. Associate Traffic Engineer City of Everett Public Works (425)257-7790 1