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ORDINANCE NO. 2008- 013 <br />Sections 214.02, 214 05 and 214.06 of the Indian River County Code are hereby <br />amended to read as follows: <br />Section 214.02 Definitions. <br />When used in this chapter, the following terms shall have the following meanings <br />unless the context clearly requires otherwise: <br />(a) — (n) no change <br />(o) As used in this article, the term "technical memorandum" shall mean the <br />technical memorandum and any amendments thereto, calculating the <br />State Road 60 Interest Share Fee pursuant to the advance construction <br />agreements incorporated by reference in section 214.04. <br />(p) — (q) no change <br />Section 214.05. Imposition. <br />After the effective date of this chapter, and any amendments thereto the State <br />Road 60 Interest Share Fee shall be imposed on new development occurring within the <br />State Road 60 Radius of Influence within both the unincorporated and municipal areas <br />and shall be collected in the amount imposed, at the time provided and in the manner <br />calculated in section 214.06. <br />Section 214.06. Payment. <br />(a) A State Road 60 Interest Share Fee <br />for each new westbound <br />trip for the segment one improvements and <br />• - • : = : • • : • = :: ! ! = - for each new westbound trip <br />for the segment two improvements is hereby imposed on new <br />development within the State Road 60 Radius of Influence. The amount <br />of the State Road 60 Interest share fee shall be established by resolution <br />of the Board. <br />(b) The. number of new trips to be consumed by each new development of <br />the capacity provided in the segment improvements shall be individually <br />calculated by the director of public works or documented in a new trip <br />generation study performed specifically for new development pursuant to <br />a generally accepted standard traffic engineering methodology approved <br />in advance of the study preparation <br />(c) The total State Road 60 Interest Share Fee to be paid by each new <br />development shall be the number of new Trips so determined multiplied <br />by the charge per new trip for each of the segment improvements as <br />provided in this section individually determined by the director of public <br />2 <br />Coding Words underscored are additions to text; words in dough format are <br />deletions to text. <br />