3C Public Hearing 2010 0503 - Laserfiche WebLink

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Growth within the impact area is due to development projects that bring in either additional residents or services. This growth creates 8.84% of the traffic at the Interchange in 2030 and so creates a like percentage of the need for the improvements. 66001 (b) Determine how there is a reasonable relationship between the amount of the fee and the cost of the public facility attributable to the development on which the fee is imposed. The cost of the necessary Improvements is estimated at $27,000,000 (2008 dollars), and will serve 14,814 vehicle trips. Dividing these two numbers produces a cost per trip of $1,822.60 (rounded to $1,823.00 in the Traffic Report). New development, other than the proposed project at 1701 Marina, creates 8.84% of the need for the improvements and so shall fund 8.84% or $2,386,800 of the cost (2008 dollars). While new development within the impact area is expected to generate 1,310 peak hour trips over the Interchange the model indicates that it will also generate 6,298 total peak hour trips. 1,310/6,298 or 20.80% of the new peak hour trips will use the Interchange. Each new peak hour trip shall be charged 20.80% of $1,823.00 or $379.18 (2008 dollars). These costs are based upon a 2008 estimate of construction costs, since that time the Construction Cost Index for San Francisco, published by Engineering News Record has changed from 9133.56 in January 2008 to 9720.42 in January 2010, an increase of 6.43%. In 2010 dollars the cost new peak hour trip within the zone of benefit is $403.56 and the cap or total amount that should be collected is $2,540,271.24. Note that all references to costs and fees in the Traffic Report are in 2008 dollars. New development will be classified as one of several different categories. The table below summarizes the Institute of Traffic Engineers (ITE) pass by factor, trip generation rate and resultant impact fee for each category. Note that this fee is in addition to the general street impact fee that is already established.