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9.A.2. PUBLIC HEARING - ORDINANCE 2004-015 – AMENDING <br />LDRS CHAPTER 953, FAIR SHARE ROADWAY <br />IMPROVEMENTS – TRAFFIC IMPACT FEES – <br />(LEGISLATIVE) <br />PROOF OF PUBLICATION OF ADVERTISEMENT FOR HEARING IS ON FILE IN THE <br />OFFICE OF THE CLERK TO THE BOARD <br /> <br />Community Development Director Robert Keating had given a detailed presentation <br /> <br />on May 11and was asked for additional information, which he provided at this meeting. <br />Requested May 11, 2004Recommended May 18, 2004 <br /> <br />1. What would the impact fees be 1. He provided a table displaying different <br />under different alternatives of discount rates, going by five percentage point <br />discount rates? increments, up from 15% to 50%, and also up to <br />70%. <br /> <br />2. Divide single-family 2. Three Categories are single family homes up to <br />residential use into square 1499 sq. ft., from 1500 up to 2499 sq. ft., and over <br />footage. 2500 sq. ft. (Table included in backup) <br />3. Effective date should be after 3. Staff is recommending September 1, 2004. <br />June 1, 2004. <br /> <br />He responded to questions regarding the square footage formula for residential and <br />retail and gave an insight to different formulas used by other counties. <br /> Attorney Will Collins stated the Board could amend the Ordinance to phase the <br />discount over a period of two or three years, such as 50% the first year, 40% the second, and step <br />down to 15% later. <br />Commissioner Neuberger felt this is what they should do. <br />County Administrator Joseph Baird emphasized that the study on traffic impact was <br />based on existing traffic and the user impact fee is based on capital needs. In applying a discount <br />the Board is analyzing what the full user cost is and passing on the difference to be obtained <br />May 18, 2004 <br />12 <br /> <br />