This item is the first reading of an Ordinance formally establishing Transportation Impact Fees. The Ordinance, full details (Exhibit A) and Transportation Impact Fee Study (Exhibit B) are attached for reference.
The Ordinance caption reads as follows:
AN ORDINANCE AMENDING THE CODE OF ORDINANCES OF THE CITY OF GEORGETOWN, TEXAS, BY ADDING CHAPTER 12.46, TRANSPORTATION IMPACT FEES, TO TITLE 12, STREETS, SIDEWALKS AND PUBLIC SPACES, ESTABLISHING IMPACT FEES FOR TRANSPORTATION PER SERVICE UNIT; INCORPORATING LAND USE ASSUMPTIONS AND CAPITAL IMPROVEMENT PLANS FOR TRANSPORTATION FACILITIES; ESTABLISHING SERVICE AREAS FOR TRANSPORTATION FACILITIES; ESTABLISHING PROCEDURES FOR THE ASSESSMENT, COLLECTION, COMPUTATION, EXPENDITURE, REFUND AND GENERAL ADMINISTRATION OF IMPACT FEES; PROVIDING FOR THE ESTABLISHMENT OF ACCOUNTS FOR IMPACT FEES; ESTABLISHING AN APPEAL PROCEDURE; ESTABLISHING AN EFFECTIVE DATE; PROVIDING A PENALTY; PROVIDING A SAVINGS CLAUSE; AND PROVIDING FOR PUBLICATION.