| | | | | | | | VAIL TOWN COUNCIL AGENDA MEMO
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| | | | | | | | ITEM/TOPIC: First reading of Ordinance No. 4, Series of 2017, an ordinance for a prescribed regulations amendment, pursuant to Section 12-3-7, Amendment, Vail Town Code, to amend Title 12 of the Vail Town Code with the addition of a new Chapter 26, Transportation Impact Fee.
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| | | | | | | | PRESENTER(S): Tom Kassmel, Town Engineer
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| | | | | | | | ACTION REQUESTED OF COUNCIL: Approve, amend or deny on Ordinance No. 4 Series 2017 on first reading.
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| | | | | | | | BACKGROUND: In 2016, the Town of Vail hired the consulting firm TischlerBise to develop an updated transportation impact fee. The impact fee is proposed to codify the current traffic mitigation fee to help fund future transportation related projects identified in the Vail Transportation Master Plan. The proposed fee will be applied in all zone districts, and will require developers to pay their proportional share for the necessary transportation infrastructure improvements that are directly related to the impacts created by the new development.
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| | | | | | | | STAFF RECOMMENDATION: Approve Ordinance No. 4 Series 2017 on first reading.
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