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•'11 1 1 1 1 i I I 11. 1 dedication proposed by the applicant (based on a County -approved appraisal) is less than the County estimated total proportionate fair -share obligation for that development, then the applicant must also pay the difference. If the estimated value of the right -of --way dedication proposed by the applicant (based on a County -approved appraisal) is more than the county estimated total proportionate fair -share obligation for the development, then the county will give the applicant traffic impact fee credit for the difference. (7) Impact Fee Credit for Proportionate Fair -Share Mitigation (a) Proportionate fair -share mitigation payments for a development project shall be applied as a credit toward the traffic impact fees assessed to that development rp oject. (b) Impact fee credits for a proportionate fair -share contribution will be determined when the traffic impact fee obligation is calculated for the proposed development. If the applicant's proportionate fair -share obligation is less than the develonment's anticibated road impact fee for the specific stage or phase of proposed development may not be transferred to any other location. (d) The amount of traffic impact fee (TIF) credit for a proportionate fair -share contribution may be up to but shall not exceed the project's proportionate fair share amount and will be determined based on the following formula: TIF Credit = [(Proportionate fair share impacted roadways' VMT) - (Total Proiect VMT)l X ( Total Project Traffic Impact Fee Liability) Where• VMT(Vehicle miles of travel on a link = (length of link X number of trips assigned to that link) Bold Underline: Additions to Ordinance 10 Stfike *t...,,,,& Deleted Text from Existing Ordinance C:\Documents and Settings\kmassung\Local Settings\Temporary Intemet Files\OLKF\2006-_ CHAPTER 910 CMS Proportionateshare.rtf