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ORDINANCE NO. 2007-011 <br />adopted and approved and incorporated in this Ordinance by this reference. The <br />portions of the Technical Memorandum entitled Summary of Reimbursement Costs, Trip <br />Cost Allocation and SR60 Interest Share Fee Calculation contained in the Technical <br />Memorandum are hereby ratified and confirmed by the Board. <br />Section 214.05. Imposition. After the effective date of this Ordinance, the <br />State Road 60 Interest Share Fee shall be imposed on New Development occurring <br />within the State Road 60 Radius of Influence within both the unincorporated and <br />municipal areas and shall be collected in the amount imposed, at the time provided and <br />in the manner calculated in Section 214.06. <br />Section 214.06. Payment. <br />(a) A State Road 60 Interest Share Fee in the amount of $7,677 per new <br />westbound Trip for the Segment One Improvements and $17,731 per new westbound <br />Trip for the Segment Two Improvements is hereby imposed on New Development within <br />the State Road 60 Radius of Influence. <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 calculated by <br />the Director of Public Works or documented in a new Trip generation study performed <br />specifically for New Development pursuant to a generally accepted standard traffic <br />engineering methodology approved 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 by the charge <br />per new Trip for each of the Segment Improvements as provided in this Section <br />individually determined by the Director of Public Works or pursuant to an approved new <br />7 <br />