Laserfiche WebLink
ORDINANCE NO. 2007-011 <br />but do not provide or allow for any reimbursement to the County for the Interest <br />Component. <br />(f) The new Trip capacity of State Road 60 generated by the Segment <br />Improvements provides a direct nexus to New Development occurring within the State <br />Road 60 Radius of Influence under the assumptions contained in the Comprehensive <br />Plan and benefit such New Development in achieving compliance with the requirements <br />of the Concurrency Management System. <br />(g) It is fair, equitable and appropriate to place the burden of that portion of <br />the Interest Component for the Segment Improvements attributable to the provision of <br />new Trips capacity on New Development occurring within the State Road 60 Radius of <br />Influence rather than absorb the loss of such interest earnings or borrowing costs which <br />would otherwise be available to provide other essential services and infrastructure. <br />(h) The portions of the Technical Memorandum entitled "Summary of <br />Reimbursement Costs," "Trip Cost Allocation" and "State Road 60 Interest Share Fee <br />Calculation," including the utilization of a two (2) percent allocation adjustment increase <br />in the Interest Component in the State Road 60 Interest Share Fee calculation to <br />accommodate costs of collection, are hereby ratified and approved. <br />(i) The data set forth in the Technical Memorandum, which were employed in <br />the calculation of the State Road 60 Interest Share Fee to be imposed in conformance <br />with this Ordinance, are the most recent and localized data available. <br />Section 214.04. Adoption Of Technical Memorandum. The Technical <br />Memorandum calculating the State Road 60 Interest Share Fee pursuant to the <br />Advance Construction Agreements and attached hereto as Appendix A, is hereby <br />