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6. REVIEW OF PROPOSED CHANGES TO TRAFFIC IMPACT <br />FEE RATE SCHEDULE <br />Director Keating reviewed the history of traffic impact fees back to its origin in 1986. <br />The last change was made in May 2004 when the Board accepted the Consultant's report to triple <br />the traffic impact fees. Director Keating displayed a chart (copy on file) detailing the phased in <br />schedule over a 4 -year period adopted by the Board Recently the Board realized that the County <br />was not getting sufficient monies necessary to accommodate the fiscal impacts of new <br />development on Capital Facilities. The Board decided to eliminate the discount and directed <br />staff to initiate impact fees up to the amount the Consultant recommended and that is with a 15% <br />discount rate. He displayed the transportation impact fees rate chart (copy on file) that includes <br />the increase in traffic impact fee rates eliminating the phase-in category. <br />7. REVIEW OF IMPACT FEE STUDY - VICE PRESIDENT <br />ROBERT WALLACE - TINDALE-OLIVER AND ASSOCIATES, INC. <br />Vice President Robert "Bob" Wallace, Tindale -Oliver and Associates, Inc., used a <br />PowerPoint presentation reviewing the background on how the Board initiated the study, the <br />setup of an oversight committee, outlined the eight program areas, the policy analysis, and the <br />technical analysis (Copy of the study is on file). <br />Mr. Wallace discussed the formula used in preparing an impact fee calculation <br />methodology and explained in detail how those elements were developed. <br />He summarized his presentation with a time schedule. Providing they reach a consensus <br />at this meeting, he plans a meeting April 21st with the Professional Services Advisory <br />Committee, April 28t1' with the Planning and Zoning Commission, May 3rd with the Board of <br />County Commissioners for the first reading of an ordinance and workshop, and May 17th <br />adopting these fees at a Board of County Commission Meeting. Today he was seeking a <br />consensus on the methodology used in the report, consensus and direction on the proposed fees <br />and a consensus on the interlocal agreements that includes an administrative cost of 3% to the <br />MARCH 16, 2005 4 <br />JOINT MEETING - IMPACT FEE STUDY <br />