HomeMy WebLinkAboutMeeting_197-219_IFCR-0603 Northside Impact Fee Credit Request
Commission Memorandum
REPORT TO: Honorable Mayor and City Commission
FROM: Chris Saunders, AICP, Assistant Director
SUBJECT: IFCR-0603, N Rouse Ave/Oak Street traffic signal
MEETING DATE: Monday, January 29, 2007
BACKGROUND: The City has adopted an impact fee program to fund necessary infrastructure.
The Capital Improvements Program (CIP)allocates funds to individual projects. The FY 2007 CIP
specified funding for intersection control reconstruction at the intersection of N. Rouse Avenue and
Oak Street. This is an intersection of a collector and arterial street. An approved development in the
area requires capacity expansion at this intersection prior to moving to completion. This project will
also advance ability to redevelop in the northeastern portion of the community and is part of the
Cedar Street connection.
A request has been received for impact fee credits. A private developer has proposed to complete
the necessary work and wishes to be compensated for the work. This request is consistent with the
adopted impact fee program, Chapter 3.24, BMC. The specific section addressing credit for work
done is Section 3.24.100, BMC. Plans and estimated costs have been submitted and reviewed. The
work appears adequate. The final credit awarded will be based upon actual costs supported by
documented expenditures. The signal layout is shown on Sheet E-6.
UNRESOLVED ISSUES: None
RECOMMENDATION: The City Commission approve application #IFCR-0603 with the
conditions listed below.
1. The credit will be paid as a single amount.
2. The final value of the credit will not be determined until final project costs are available. A
preliminary credit value of $342,300 has been identified based upon an engineer’s estimate.
3. No credits will be available until the project is completed and accepted and final costs for the
project are provided to and accepted by the City.
4. The applicant shall agree in writing to the above listed conditions of approval prior to the credits
becoming effective.
FISCAL EFFECTS: The City will expend a defined quantity of funds. The money was collected
for this purpose and the work has been identified as desirable by the City.
ALTERNATIVES: As suggested by the City Commission.
CONTACT: Please email Chris Saunders at csaunders@bozeman.net if you have any questions
prior to the public meeting.
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APPROVED BY: Andrew Epple, Planning Director
Chris Kukulski, City Manager
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