Sec. 59.1007. - Impact fee credit for proportionate fair-share mitigation.
(1) Proportionate fair-share contributions may be applied as a credit against transportation impact fees to the extent that all or a portion of the proportionate fair-share mitigation is used to address the same transportation improvements described in the City's transportation impact fee ordinance, which excludes, among other improvements, state and federal highways.
(2) Impact fee credits for the proportionate fair-share contribution, if any, will be determined on a case by case basis.
(3) A proportionate fair-share contribution is intended to mitigate the transportation impacts of a proposed development at a specific location. As a result, any transportation impact fee credit based upon proportionate fair-share contributions for a proposed development cannot be transferred to any other location unless provided for within the City's transportation impact fee ordinance.
(4) The impact fee credit for the payment of a proportionate fair-share contribution, will be calculated on a dollar-for-dollar basis for transportation impact fees, paid or payable in the future for the development.
(Ord. of 10-29-2007, § 2, Doc. #0710291002; Ord. No. 2013-24, § 1, 5-6-2013, Doc. #1305061204; Ord. No. 2022-23, § 4, 4-25-2022, Doc. #2204251203)