3400 RIVERFRONT BLVD BASE FILE 2019-03-14

Michael Brick To: Gordon Witcher Subject: Simpson Site Updated Traffic Mitigation Language DRA Gordon, Here is revised language for the Simpson site traffic mitigation. A system-wide traffic mitigation fee in accordance with EMC 18.40 shall be due for each dwelling unit upon issuance of its building permit. Per EMC this fee shall be based on the number of PM peak hour trips generated by this project. Per the approved Traffic Impact Analysis provided by Transportation Engineering NorthWest(dated 6/16/2014)this project is anticipated to generate 0.95 PM peak hour trips per dwelling unit. PER DEVELOPMENT AGREEMENT UNTIL DATE-OF SUNSET this equates to a traffic mitigation fee of$855 per dwelling unit. After that date this system-wide traffic 6'1-2441 mitigation fee shall be calculated according to the per-trip fee in effect at the time of permit issuance as defined in EMC 18.40. A payment of the proportionate share of necessary traffic improvements in accordance with EMC 18.40 to mitigate location-specific impacts shall be due for this project upon issuance of the first building permit. Per the approved Traffic Impact Analysis provided by Transportation Engineering NorthWest(dated 6/16/2014)two locations require proportionate share payments. A payment of$11,375 for improvements at the intersection of Pacific Ave and the Northbound 1-5 Off-Ramp,and a payment of$2,925 for improvements at the intersection of S 2"d Ave and Lenora St, is required to mitigate the location-specific impacts of this project. Michael Brick, P.E. Associate Traffic Engineer City of Everett Public Works (425)257-7790