From Michelle Witham at the City of Kent:
Kent City Council Approves Transportation Impact Fees
New Development to Help Pay for City Road Projects
KENT, Wash. – July 7, 2010 – After nearly four years of planning and gathering public input, the Kent City Council approved an ordinance allowing the collection of transportation impact fees to help pay for road projects necessary to accommodate new growth.
Transportation impact fees are paid by developers and expanding businesses to help cover the cost of road improvements that increase traffic capacity. Money from the fees is tied directly to the size and type of the development and the anticipated increase in traffic associated with the project.
State law requires that cities plan for projected growth and have the infrastructure in place to support it within six years.
“We adopted a Transportation Master Plan in 2008,” said Council President Jamie Perry. “But a plan is only a plan until it’s funded. I’m happy to see we’re taking these first steps to implementing the plan we passed two years ago,” Perry said.
Projected future development accounts for roughly 45% of the total cost for new road projects identified in the Kent’s Transportation Master Plan.
Transportation impact fees are calculated by determining how many more vehicle trips are generated as a result of new development; the more traffic that results from a project, the higher the amount paid by a developer.
“Development should help pay the costs of new development,” Perry added. “Current residents shouldn’t be asked to shoulder the costs associated with new growth.”
The new fees will replace the City’s current Environmental Mitigation Agreements, which required developers to pay an average $2,400 per peak hour trip towards the cost to complete three cross-valley corridor projects over the last 15 years.
Citywide, the fees will now average $4,084 per peak hour trip, while downtown area fees will be approximately 25% lower, in part, because the impact fee calculation assumes fewer trips due to the close proximity of amenities and public transportation options.
In approving transportation impact fees, council members were particularly concerned about the effect they might have on future development and will review the rates annually beginning in July 2011.
“We will watch carefully what impacts the new fees have, and make adjustments accordingly” said Perry. “But right now, we need to be proactive in funding our infrastructure. Superior infrastructure will be good selling point for investing in Kent.”
Depending on the actual development that occurs, the new fees are expected to generate approximately $89 million from 2010 to 2017 to help pay for $389 million in needed transportation projects.
Transportation impact fees have been implemented across the state as diminishing revenues are insufficient to support the infrastructure needed for future growth. Neighboring cities including Auburn, Covington, Des Moines, Federal Way, and Renton utilize transportation impact fees.
The City of Kent is the sixth largest city in Washington with a population over 112,000. As a culturally rich destination, Kent’s dynamic quality of life features captivating neighborhoods, award-winning parks and nationally accredited police and fire departments. In recent years, Kent has experienced impressive economic growth, and is nationally known as a prime location for manufacturing. For more information, visit www.choosekent.com.





























