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City of Missoula, Montana Item to be Referred to City Council Committee Committee: Administration and Finance Item: Approve Downtown Transportation Impact Fee Date: February 24, 2010 Prepared by: Melani Coyle Initiated by: Impact Fee Advisory Committee/Bruce Bender Action Required: Set a public hearing to approve the Downtown Transportation Impact Fee. Recommended Motion: Motion: The committee recommends the City Council set a public hearing on an ordinance amending Chapter 15.66 Missoula Municipal Code entitled "Development Impact Fee Procedures and Requirements" for the purpose of adding subparagraph no. 4 titled "Downtown Transportation Impact Fee. Motion: The committee recommends the City Council adopt an ordinance amending Chapter 15.66 Missoula Municipal Code entitled "Development Impact Fee Procedures and Requirements" by revising Section 15.66.120, Missoula Municipal Code, adding subparagraph no. 4 titled "Downtown Transportation Impact Fee" to establish a transportation impact fee reduction calculation for commercial and residential new development in the downtown area and adding exhibit defining the boundary of the downtown area of the City of Missoula for transportation system improvements with new development; to be effective 30 days from the date this ordinance is adopted. Timeline: Referral to committee: February 24, 2010 Committee discussion: March 3, 2010 Background and Alternatives Explored: The City of Missoula adopted the Transportation Impact Fee in December 2007 and implemented it in January 2008. During the council and public comment period, it was requested that a reduced fee be evaluated in the downtown area. As a result of that request, TischlerBise was contracted to review a Downtown Transportation Impact Fee. Dwayne Guthrie of TischlerBise presented their report at the November 2008 Impact Fee Advisory Committee meeting. The Impact Fee Advisory Committee recommended City Council approve the Downtown Transportation Impact Fee. Financial Implications: The Transportation Impact Fee will be reduced by 33-42% for residential and 24% for commercial. ---PAGE BREAK--- Attachments: Ordinance #3364 Proposed Amendment Downtown Transportation Impact Fee Boundary Downtown Transportation Impact Fees Report by TischlerBise